Torrent Power Ltd
TORNTPOWERTorrent Power Ltd
TORNTPOWERPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
36.19 | 6.44 | 0.95% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
23.19 | 3.50 | 1.26% |
Forecast & Ratings
Detailed Forecast from 8 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Torrent Power Limited is a holding company engaged in the business of power generation, transmission and distribution.
Investor Presentation
View olderPeers
Compare with peersPower Grid Corporation of India Ltd
Tata Power Company Ltd
Powergrid Infrastructure Investment Trust
India Grid Trust
Jyoti Structures Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 12,012.08 | 10,161.87 | 11,791.32 | 13,358.79 | 13,842.49 | 12,332.20 | 14,513.44 | 26,107.22 | 27,564.05 | 29,455.63 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 23,885.98 | ||||||||||
Power & Fuel Cost | 7,223.23 | 6,502.80 | 7,152.54 | 8,489.78 | 8,355.02 | 7,118.85 | 8,979.56 | 17,519.52 | 20,023.18 | |||||||||||
Employee Cost | 521.13 | 567.51 | 647.81 | 679.27 | 718.78 | 718.80 | 748.91 | 825.01 | 863.33 | |||||||||||
Selling & Administrative Expenses | 175.82 | 156.25 | 172.71 | 191.85 | 229.85 | 240.63 | 244.48 | 313.98 | 361.67 | |||||||||||
Operating & Other expenses | 755.75 | 284.13 | 437.58 | 608.82 | 1,805.18 | 646.87 | 2,014.45 | 2,308.19 | 1,412.37 | |||||||||||
EBITDA | 3,336.15 | 2,651.18 | 3,380.68 | 3,389.07 | 2,733.66 | 3,607.05 | 2,526.04 | 5,140.52 | 4,903.50 | 5,569.65 | ||||||||||
Depreciation/Amortization | 915.74 | 1,005.86 | 1,131.50 | 1,226.53 | 1,304.27 | 1,279.55 | 1,333.86 | 1,280.96 | 1,377.50 | 1,434.27 | ||||||||||
PBIT | 2,420.41 | 1,645.32 | 2,249.18 | 2,162.54 | 1,429.39 | 2,327.50 | 1,192.18 | 3,859.56 | 3,526.00 | 4,135.38 | ||||||||||
Interest & Other Items | 1,130.78 | 1,057.98 | 848.19 | 898.93 | 954.55 | 775.73 | 628.21 | 818.20 | 943.40 | 1,001.39 | ||||||||||
PBT | 1,289.63 | 587.34 | 1,400.99 | 1,263.61 | 474.84 | 1,551.77 | 563.97 | 3,041.36 | 2,582.60 | 3,133.99 | ||||||||||
Taxes & Other Items | 389.43 | 158.39 | 458.68 | 364.67 | -699.31 | 260.84 | 109.99 | 923.93 | 749.37 | 890.65 | ||||||||||
Net Income | 900.20 | 428.95 | 942.31 | 898.94 | 1,174.15 | 1,290.93 | 453.98 | 2,117.43 | 1,833.23 | 2,243.34 | ||||||||||
EPS | 18.89 | 8.92 | 19.61 | 18.70 | 24.43 | 26.86 | 9.45 | 44.06 | 38.14 | 46.68 | ||||||||||
DPS | 4.50 | 2.20 | 5.00 | 5.00 | 11.60 | 11.00 | 9.00 | 26.00 | 16.00 | 16.00 | ||||||||||
Payout ratio | 0.24 | 0.25 | 0.26 | 0.27 | 0.47 | 0.41 | 0.95 | 0.59 | 0.42 | 0.34 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
UtilitiesPower Transmission & Distribution
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Torrent Power Ltd | 44.28 | 6.44 | 0.95% |
Power Grid Corporation of India Ltd | 19.69 | 3.52 | 3.41% |
Tata Power Company Ltd | 37.05 | 3.57 | 0.47% |
Powergrid Infrastructure Investment Trust | 12.43 | 1.41 | 2.37% |
Price Comparison
Compare TORNTPOWER with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Torrent Power Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Axis ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.3179% | Percentage of the fund’s portfolio invested in the stock 5.15% | Change in the portfolio weight of the stock over the last 3 months -0.77% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/98 (-1) |
SBI Long Term Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1020% | Percentage of the fund’s portfolio invested in the stock 3.25% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/65 (-1) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0547% | Percentage of the fund’s portfolio invested in the stock 4.00% | Change in the portfolio weight of the stock over the last 3 months -0.57% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/82 (-1) |
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Events
Dividend Trend
Dividend Yield
Current dividend yield is 1.06%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.59 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹4.00
Ex DateEx Date
Jun 14, 2024
Cash Dividend
Ex DateEx DateFeb 16, 2024
Dividend/Share
₹12.00
Ex DateEx Date
Feb 16, 2024
Cash Dividend
Ex DateEx DateJun 16, 2023
Dividend/Share
₹4.00
Ex DateEx Date
Jun 16, 2023
Cash Dividend
Ex DateEx DateFeb 22, 2023
Dividend/Share
₹13.00
Ex DateEx Date
Feb 22, 2023
Cash Dividend
Ex DateEx DateFeb 22, 2023
Dividend/Share
₹9.00
Ex DateEx Date
Feb 22, 2023
The company's board authorized and declared the opening of the issue on Monday, 2 December 2024. The floor price of Rs 1,555.75 is at a discount of 1.94% to the previous day's closing price of Rs 1,586.45 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined by the company in consultation with the bookrunning lead manager appointed for the issue. Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission, and distribution. The company's consolidated net profit slipped 8.63% YoY to Rs 495.72 crore in Q2 FY25 over Q2 FY24. Revenue from operations grew by 3.09% YoY to Rs 7,175.81 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live
Torrent Power has opened today a qualified institutional placement (QIP) issue of equity shares of face value of Rs 10 each at the floor price of Rs 1555.75 per equity share. Powered by Capital Market - Live
Torrent Power Ltd lost 1.94% today to trade at Rs 1591.25. The BSE Utilities index is down 0.7% to quote at 5559.38. The index is down 8.31 % over last one month. Among the other constituents of the index, Adani Green Energy Ltd decreased 1.39% and CESC Ltd lost 1.32% on the day. The BSE Utilities index went up 44.91 % over last one year compared to the 21.77% surge in benchmark SENSEX. Torrent Power Ltd has lost 17.31% over last one month compared to 8.31% fall in BSE Utilities index and 1.17% rise in the SENSEX. On the BSE, 1626 shares were traded in the counter so far compared with average daily volumes of 24359 shares in the past one month. The stock hit a record high of Rs 2037.35 on 22 Oct 2024. The stock hit a 52-week low of Rs 786.3 on 24 Nov 2023.Powered by Capital Market - Live
Torrent Power will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live
Marico Ltd, Divis Laboratories Ltd, Elgi Equipments Ltd, Page Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 09 October 2024.Torrent Power Ltd saw volume of 1.14 lakh shares by 10:47 IST on BSE, a 4.98 fold spurt over two-week average daily volume of 22926 shares. The stock increased 6.93% to Rs.1,943.05. Volumes stood at 18544 shares in the last session.Marico Ltd recorded volume of 1.93 lakh shares by 10:47 IST on BSE, a 4.59 times surge over two-week average daily volume of 41986 shares. The stock gained 0.07% to Rs.698.00. Volumes stood at 31563 shares in the last session.Divis Laboratories Ltd notched up volume of 27951 shares by 10:47 IST on BSE, a 4.09 fold spurt over two-week average daily volume of 6830 shares. The stock rose 5.16% to Rs.5,833.00. Volumes stood at 4664 shares in the last session.Elgi Equipments Ltd notched up volume of 25768 shares by 10:47 IST on BSE, a 2.82 fold spurt over two-week average daily volume of 9146 shares. The stock rose 5.79% to Rs.678.95. Volumes stood at 6956 shares in the last session.Page Industries Ltd witnessed volume of 546 shares by 10:47 IST on BSE, a 1.91 times surge over two-week average daily volume of 285 shares. The stock increased 1.56% to Rs.42,969.95. Volumes stood at 102 shares in the last session.Powered by Capital Market - Live
Torrent Power has received letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS Connected Pumped Hydro Storage Plant. This 2,000 MW capacity is inclusive of 1,500 MW Capacity for which Letter of Intent was already issued by MSEDCL on September 17, 2024. The Company has now received allotment of additional 500 MW capacity under the tender taking the total capacity allocated to 2,000 MW. MSEDCL will procure energy storage capacity from Torrent Power's InSTS Connected Pumped Hydro Storage for a period of 40 years. The Company plans to supply the storage capacity from its upcoming InSTS Connected Pumped Hydro Storage pumped hydro storage plant being set up in Maharashtra. Under the Energy Storage Facility Agreement (ESFA), the Company shall make available to MSEDCL a contracted capacity of 2,000 MW capable of scheduled discharge of 8 hours (with maximum continuous 5 hours) per day. The input energy for charging shall be provided by MSEDCL.Powered by Capital Market - Live
The Maharashtra State Electricity Distribution Company (MSEDCL) will procure energy storage capacity of 1,500 MW from pumped hydro storage project for a period of 40 years. Increased penetration of Solar and Wind in electricity generation will create need for energy storage solutions for providing firm, reliable and dispatchable RE power. Torrent Power has identified Pumped Storage Project (PSP) sites in multiple states. The company plans to supply the storage capacity from its upcoming pumped hydro storage plant being set up in Raigad District, Maharashtra. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), the company shall make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of 8 hours (with maximum continuous 5 hours) per day. The input energy for charging shall be provided by MSEDCL. Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission and distribution. The company's consolidated net profit jumped 87.96% to Rs 972.24 crore in Q1 FY25 as against with Rs 517.27 crore posted in Q1 FY24. Revenue from operations grew by 23.28% year on year to Rs 9,033.73 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live
Torrent Power has emerged as a successful bidder and has received Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co.(MSEDCL) on 17 September 2024 for procurement of 1,500 MW/ 12,000 MWh Energy Storage Capacity from Pumped Hydro Storage Project. Detailed Letter of Award will be issued by MSEDCL upon obtaining necessary approval from Maharashtra Electricity Regulatory Commission (MERC) in terms of the tender document on the quoted tariff. MSEDCL will procure energy storage capacity of 1,500 MW from pumped hydro storage project for a period of 40 years. The Company plans to supply the storage capacity from its upcoming pumped hydro storage plant being set up in Raigad District, Maharashtra. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), the Company shall make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of 8 hours (with maximum continuous 5 hours) per day. The input energy for charging shall be provided by MSEDCL. Powered by Capital Market - Live
Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission and distribution. The company's consolidated net profit jumped 87.96% to Rs 972.24 crore in Q1 FY25 as against with Rs 517.27 crore posted in Q1 FY24. Revenue from operations grew by 23.28% year on year to Rs 9,033.73 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live
Securities in F&O ban: Aarti Industries, Balrampur Chini Mills, Bandhan Bank, Birla soft, Chambal Fertilizers and Chemicals, Gujarat National Fertilizers and Chemicals (GNFC), Granules India, Hindustan Copper, LIC Housing Finance, RBL Bank. New Listing: P N Gadgil Jewellers will debut on the stock exchanges today. The IPO was open from 10 to 12 September 2024. The issue was subscribed 59.41 times. Stocks to Watch: Torrent Power entered into MoU with the government of Gujarat for execution of 5GW solar, Wind or solar wind hybrid project in Dwarka. FirstSource Solutions partnered with Microsoft for digital solutions. Carborundum Universal will acquire 100 stake in the US-based Silicon Carbide Products for Rs 56 crore. Reliance Infrastructure's board will consider fundraise on 19 September 2024. Sandur Manganese's board approved raising upto Rs 1000 crore via QIP. JK Tyre Industries approved the plan to merge Cavendish Industries with the company. HEG's Gulshan Sakhuja resigned as CFO with effect from 16 Monday 2024. Allcargo Terminals' volumes stood at 53.6'000 TEUs in August 2024, depicting a marginal decline of 1% over last month as well as previous year Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.59%, vs industry avg of 11.07%
Increasing Market Share
Over the last 5 years, market share increased from 15.77% to 19.06%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 15.32%, vs industry avg of 12.93%