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Torrent Power Ltd

(TORNTPOWER)

₹1932.98.59%

as on 04:01PM, 18 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 11 analysts

HOLD

36.36%

Buy

27.27%

Hold

36.36%

Sell

Based on 11 analysts offering long term price targets for Torrent Power Ltd. An average target of ₹1407.73

Source: S&P Global Market Intelligence

Torrent Power Ltd Share analysis

Torrent Power Ltd price forecast by 11 analysts

Downside of-20.92%

High

₹1893

Target

₹1407.73

Low

₹880

Torrent Power Ltd target price ₹1407.73, a slight downside of -20.92% compared to current price of ₹1932.9. According to 11 analysts rating.

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,803.25
    ₹1,969.9
  • 52 Week's Low

    52 Week's High

    ₹691.95
    ₹1,969.9
1 Month Return+ 6.41 %
3 Month Return+ 10.94 %
1 Year Return+ 146.25 %
Previous Close₹1,780.05
Open₹1,840.00
Volume61.72L
Upper Circuit-
Lower Circuit-
Market Cap₹85,552.19Cr

Key Statistics

P/E Ratio37.39
PEG Ratio11.5
Market Cap₹85,552.19 Cr
P/B Ratio5.42
EPS39.45
Dividend Yield1.18
SectorPower Generation & Distribution
ROE15.6

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹85,552.19 Cr106.99%0.74₹1,896 Cr₹27,219 Cr
HOLD₹95,930.08 Cr60.08%0.74₹4,028 Cr₹9,659 Cr
HOLD₹1,30,829.21 Cr212.11%0.66₹1,724 Cr₹11,485 Cr
BUY₹4,03,672.21 Cr47.97%0.78₹21,332 Cr₹1,78,500 Cr
HOLD₹3,13,337.34 Cr39.29%0.80₹15,573 Cr₹45,843 Cr

Company Information

Torrent Power Ltd is a leading player in the Indian power sector, incorporated in 1998. It is a part of the multi-billion dollar business conglomerate, the Torrent Group.

Torrent Power Ltd is engaged in the generation, transmission, and distribution of electricity in multiple states of India. It has a total installed capacity of more than 3,945 MW and a network of over 5,000 km of transmission lines. It also provides a wide range of energy solutions including power trading, energy efficiency services, and renewable energy solutions.

The company's core lines of business include electricity distribution, transmission, and generation. It also has interests in the areas of gas distribution, solar energy, and trading. Torrent Power Ltd has a portfolio of products and services including electricity, gas, solar energy, energy efficiency services, and power trading. It has a number of popular brands such as Torrent Energy, Torrent Solar, and Torrent Power Trading.

Share Price: ₹1932.90 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹85,552.19Cr as of today
Revenue: ₹9,033.73Cr as on June 2024 (Q2 24)
Net Profit: ₹996.34Cr as on June 2024 (Q2 24)
Listing date: 28 Nov, 2006
Chairperson Name: Samir Mehta
OrganisationTorrent Power Ltd
Headquarters
IndustryPower Generation & Distribution
E-voting on sharesClick here to vote

Key events for Torrent Power Ltd

  • Torrent Power Gains on 1,500 MW Project Win - 18 Sep, 2024

    Torrent Power's shares surged after the company received a Letter of Intent from MSEDCL for a 1,500 MW pumped hydro storage project, enhancing its market position and growth prospects.

  • Torrent Power Expands Renewable Energy Investments - 17 Sep, 2024

    Torrent Power commits Rs 64,000 crore for green projects, secures a 1,500 MW hydro storage project, and sees share price surge after MoU with Gujarat.

  • Torrent Power's Major Investment in Renewable Energy - 16 Sep, 2024

    Torrent Power announced a Rs 64,000 crore investment to achieve 10 GW of renewable energy capacity by 2030, creating 25,000 jobs. The company also plans a green ammonia facility and energy storage projects.

  • Adani Wins Power Bid, Impacting Torrent Power - 15 Sep, 2024

    Adani Group secured a long-term contract to supply 6,600 MW of bundled renewable and thermal power to Maharashtra, outbidding Torrent Power and others with a quote of Rs 4.08 per unit.

  • Torrent Power's MoUs and Financial Upgrades Announced - 04 Sep, 2024

    Torrent Power's promoters saw a significant rise in net worth. The company signed a new MoU for pumped storage projects and received an upgrade from Geojit Financial Services, targeting Rs. 1,893. However, the share price slightly declined.

  • Torrent Power Challenges NCLT Order in Appellate Tribunal - 22 Aug, 2024

    Torrent Power and Vantage Point Asset Management are contesting the NCLT order in the National Company Law Appellate Tribunal, claiming due process was not followed. This comes as Sarda raises funds primarily from banks to pay the required amount.

  • Torrent Power Challenges Sarda Energy's Resolution Plan - 20 Aug, 2024

    Torrent Power has approached the NCLAT to contest the NCLT's approval of Sarda Energy and Minings' resolution plan for the financially troubled SKS Power Generation.

Insights on Torrent Power Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, TORNTPOWER has outperformed top 5 stocks with highest market-cap in Electric Utilities

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 359.83 Cr → 972.24 Cr (in ₹), with an average increase of 36.1% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 6.41K Cr → 9.11K Cr (in ₹), with an average increase of 15.2% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, TORNTPOWER stock has moved up by 4.7%

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, TORNTPOWER has outperformed top 5 stocks with highest market-cap in Electric Utilities

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 6.41% to 8.42% in Jun 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 53.57% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 15.97% to 14.21% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 17.09% to 17.01% in Jun 2024 quarter

Company Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹7,327.62Cr (-)₹6,960.92Cr (↓5.00%)₹6,366.09Cr (↓8.55%)₹6,528.58Cr (↑2.55%)₹9,033.73Cr (↑38.37%)
Net Income₹532.28Cr (-)₹542.55Cr (↑1.93%)₹374.13Cr (↓31.04%)₹447.04Cr (↑19.49%)₹996.34Cr (↑122.87%)
Net Profit Margin7.26% (-)7.79% (↑7.30%)5.88% (↓24.52%)6.85% (↑16.50%)11.03% (↑61.02%)
Value in ₹ crore
Details2021202220232024
Total Assets₹24,456.35Cr (-)₹25,208.26Cr (↑3.07%)₹27,440.07Cr (↑8.85%)₹30,637.77Cr (↑11.65%)
Total Liabilities₹14,205.12Cr (-)₹15,242.24Cr (↑7.30%)₹16,420.40Cr (↑7.73%)₹18,599.27Cr (↑13.27%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹3,469.08Cr (-)₹2,670.42Cr (↓23.02%)₹2,980.80Cr (↑11.62%)₹3,117.59Cr (↑4.59%)₹3,413.69Cr (↑9.50%)

Index Inclusions

Nifty Alpha 50

₹60,352.60

0.08 (50.15%)

S&P BSE Infra.

₹692.73

-0.4 (-2.78%)

S&P BSE 150 MidCap

₹16,861.43

-0.74 (-126.15%)

S&P BSE POWER

₹8,338.90

-0.38 (-31.51%)

Nifty Midcap 100

₹59,752.85

-0.71 (-427.9%)

Nifty LargeMidcap 250

₹16,673.25

-0.45 (-74.8%)

BSE Mid-Cap

₹48,857.07

-0.71 (-349.75%)

S&P BSE Utilities

₹6,517.21

-0.06 (-4.07%)

S&P BSE Momentum

₹2,413.61

-0.34 (-8.24%)

Nifty 200

₹14,380.45

-0.28 (-40.1%)

S&P BSE 400 MidSmallCap

₹12,848.57

-0.62 (-80.01%)

BSE 500

₹37,668.29

-0.37 (-138.15%)

S&P BSE AllCap

₹11,026.27

-0.37 (-41.39%)

Nifty Midcap 150

₹22,079.90

-0.7 (-155.45%)

BSE 200

₹11,731.01

-0.34 (-40.29%)

Nifty MidSmallcap 400

₹20,837.05

-0.57 (-119.45%)

S&P BSE 250 LargeMidCap

₹11,133.40

-0.36 (-40.47%)

Nifty 500

₹23,898.65

-0.3 (-71.25%)

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
53.57%
0.00
Foreign Institutions
8.42%
31.46
Mutual Funds
14.21%
-10.98
Retail Investors
17.01%
-0.50
Others
6.79%
-2.56

Key Indicators

Details20202021202220232024
Return On Equity %18.3413.637.5720.0515.6
Details20202021202220232024
Return On Assets %4.85.281.87.725.98
Details20202021202220232024
Book Value Per Share (₹)190.21211.62206.56228.72250.56
Details20202021202220232024
Earning Per Share (₹)24.5326.969.5445.0439.45

Torrent Power Ltd Valuation

Torrent Power Ltd in the last 5 years

  • Overview

  • Trends

Lowest (8.14x)

March 23, 2020

Industry (30.90x)

September 17, 2024

Today (37.39x)

September 17, 2024

Highest (60.37x)

April 18, 2022

LowHigh

Earnings and Dividends

  • Torrent Power Ltd Earnings Results

    Torrent Power Ltd’s net profit jumped 87.96% since last year same period to ₹972.24Cr in the Q1 2024-2025. On a quarterly growth basis, Torrent Power Ltd has generated 125.98% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Torrent Power Ltd Dividends May,2024

    In the quarter ending March 2024, Torrent Power Ltd has declared dividend of ₹4 - translating a dividend yield of 1.12%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Torrent Power Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Torrent Power Ltd shares.

Torrent Power Ltd (TORNTPOWER) share price today is ₹1932.9

Torrent Power Ltd is listed on NSE

Torrent Power Ltd is listed on BSE

  • Today’s highest price of Torrent Power Ltd is ₹1969.9.
  • Today’s lowest price of Torrent Power Ltd is ₹1803.25.

PE Ratio of Torrent Power Ltd is 37.39

PE ratio = Torrent Power Ltd Market price per share / Torrent Power Ltd Earnings per share

Today’s traded volume of Torrent Power Ltd(TORNTPOWER) is 61.72L.

Today’s market capitalisation of Torrent Power Ltd(TORNTPOWER) is ₹85552.19Cr.

Torrent Power Ltd(TORNTPOWERPrice
52 Week High
₹1969.9
52 Week Low
₹691.95

Torrent Power Ltd(TORNTPOWER) share price is ₹1932.9. It is down -1.88% from its 52 Week High price of ₹1969.9

Torrent Power Ltd(TORNTPOWER) share price is ₹1932.9. It is up 179.34% from its 52 Week Low price of ₹691.95

Torrent Power Ltd(TORNTPOWERReturns
1 Day Returns
152.85%
1 Month Returns
6.41%
3 Month Returns
10.94%
1 Year Returns
146.25%