Torrent Power Ltd.

NSE: TORNTPOWER · Power

₹1,271.10+0.45%06 Nov 2026

Ask the data

Instant answers about Torrent Power Ltd. — computed from its filings, no language model

Market cap₹64,051 cr

Current price₹1,271.10

High / Low₹1,772 / ₹1,158

P/E26.5

P/B3.05

Book value₹417.0

ROE11.5%

ROCE10.5%

Debt / equity1.10

Dividend yield1.59%

EPS (TTM)₹48.03

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	11,512	13,151	13,641	12,173	14,258	25,694	27,183	29,165	28,966
EBITDA	3,117	3,199	3,556	3,465	3,591	4,759	4,559	5,307	5,541
Operating margin	27.1%	24.3%	26.1%	28.5%	25.2%	18.5%	16.8%	18.2%	19.1%
Interest	848	899	955	776	628	818	943	1,045	934
Depreciation	1,132	1,227	1,304	1,280	1,334	1,281	1,378	1,497	1,613
Profit before tax	1,401	1,264	475	1,552	564	3,041	2,583	3,253	3,317
Tax	449	360	-704	256	105	877	687	194	847
Net profit	952	899	1,174	1,291	454	2,117	1,833	2,988	2,416
EPS ₹	19.61	18.70	24.43	26.86	9.45	44.06	38.14	61.23	47.95
Operating cash flow	—	—	—	—	3,167	3,456	4,258	4,805	5,464
Capex	—	—	—	—	1,809	2,816	3,656	4,330	7,705
Dividend paid	—	—	—	—	702	1,062	771	902	1,021
Total assets	—	—	—	—	—	29,910	33,392	36,573	45,193
Equity	—	—	—	—	—	11,010	12,062	17,615	19,075

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	2,810	3,528	3,445	3,254	2,925	3,736	3,842	3,079	2,984	3,007	3,129	2,953	3,084	3,099	3,648	3,767	3,744	6,510	6,703	6,443	6,038	7,328	6,961	6,366	6,529	9,034	7,176	6,499	6,456	7,906	7,876	6,778	6,406	8,124	9,802
Operating profit	690	766	987	736	710	834	1,055	840	827	969	711	870	914	728	938	934	991	1,060	1,164	1,444	1,090	1,185	1,221	1,044	1,109	1,858	1,207	1,112	1,130	1,483	1,506	1,403	1,149	1,538	1,738
Operating margin	24.6%	21.7%	28.6%	22.6%	24.3%	22.3%	27.5%	27.3%	27.7%	32.2%	22.7%	29.5%	29.7%	23.5%	25.7%	24.8%	26.5%	16.3%	17.4%	22.4%	18.1%	16.2%	17.5%	16.4%	17.0%	20.6%	16.8%	17.1%	17.5%	18.8%	19.1%	20.7%	17.9%	18.9%	17.7%
Other income	99	52	44	53	40	54	49	36	37	35	37	37	32	36	36	66	97	108	94	84	96	86	108	54	97	76	125	172	114	105	78	69	71	81	249
Interest	210	229	225	229	216	248	249	235	222	220	202	190	164	163	157	157	151	186	215	228	189	227	247	235	233	260	272	276	236	212	216	255	252	293	439
Depreciation	303	302	304	307	313	321	322	327	335	316	317	319	328	329	332	334	340	312	319	322	329	332	342	349	355	359	371	378	389	390	389	413	421	400	418
Profit before tax	275	288	502	254	220	320	533	315	-693	468	230	399	455	273	485	509	-703	671	725	977	668	711	741	513	617	1,315	689	630	619	985	979	805	547	925	1,131
Tax	54	60	88	15	196	43	-223	-105	-419	94	28	77	57	65	116	140	-216	169	240	283	184	179	198	139	170	318	193	141	-458	244	238	150	216	263	293
Net profit	221	226	411	237	24	277	754	419	-275	373	201	320	397	207	367	368	-488	502	482	685	449	517	526	360	430	972	481	476	1,060	731	724	643	318	639	820
EPS ₹	4.51	4.70	8.58	4.93	0.50	5.73	15.70	8.73	-5.72	7.75	4.18	6.67	8.26	4.30	7.64	7.66	-10.15	10.45	10.02	14.24	9.34	10.76	10.94	7.49	8.95	20.23	10.01	9.76	21.03	14.52	14.36	12.76	6.31	12.68	16.28
Revenue YoY	—	—	—	—	4.1%	5.9%	11.5%	-5.4%	2.0%	-19.5%	-18.6%	-4.1%	3.4%	3.1%	16.6%	27.6%	21.4%	110.1%	83.8%	71.0%	61.3%	12.6%	3.8%	-1.2%	8.1%	23.3%	3.1%	2.1%	-1.1%	-12.5%	9.8%	4.3%	-0.8%	2.8%	24.4%
Profit YoY	—	—	—	—	-89.2%	22.5%	83.5%	77.0%	-1247.9%	34.7%	-73.4%	-23.6%	—	-44.6%	82.9%	14.8%	-223.0%	143.0%	31.1%	86.0%	—	3.0%	9.2%	-47.4%	-4.2%	88.0%	-8.5%	32.2%	146.3%	-24.8%	50.5%	35.2%	-70.0%	-12.7%	13.3%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Torrent Power Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	4,406	5,909	6,835	7,918	8,130	8,576	10,285	11,496	10,007
Operating profit	764	1,789	2,068	2,254	1,299	1,216	2,063	2,828	2,391
Operating margin	17.3%	30.3%	30.3%	28.5%	16.0%	14.2%	20.1%	24.6%	23.9%
Other income	—	47	92	102	140	242	323	269	191
Interest	155	314	339	311	408	677	706	1,006	1,047
Depreciation	183	335	393	366	408	535	548	772	982
Profit before tax	485	1,186	1,429	1,679	623	246	1,109	1,311	554
Tax	77	350	363	442	238	152	367	391	144
Net profit	408	837	1,066	1,237	385	95	742	920	410

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	911	863	921	1,113	1,158	1,076	1,058	1,252	1,451	1,489	1,717	1,825	1,728	1,560	1,722	2,070	1,998	1,883	1,967	2,109	2,200	1,882	1,940	2,175	2,242	1,978	2,181	2,532	2,680	2,502	2,571	2,924	3,092	3,011	2,469	2,576	2,676	2,314	2,441	3,047	2,888	2,742
Operating profit	135	122	130	141	234	195	193	212	462	517	598	594	498	427	549	647	566	456	585	330	411	322	236	212	313	259	432	400	393	563	708	700	752	911	466	487	641	576	686	784	812	783
Operating margin	14.8%	14.1%	14.1%	12.7%	20.2%	18.1%	18.3%	16.9%	31.8%	34.8%	34.8%	32.6%	28.8%	27.4%	31.9%	31.3%	28.3%	24.2%	29.8%	15.6%	18.7%	17.1%	12.2%	9.7%	14.0%	13.1%	19.8%	15.8%	14.7%	22.5%	27.5%	23.9%	24.3%	30.3%	18.9%	18.9%	24.0%	24.9%	28.1%	25.7%	28.1%	28.6%
Other income	26	27	28	28	—	17	15	10	9	11	17	19	21	20	32	20	23	19	39	30	29	37	43	55	56	59	71	62	67	71	123	55	118	51	45	42	53	51	45	33	85	42
Interest	18	13	13	27	35	41	53	44	78	102	90	84	83	81	91	80	81	73	77	91	100	111	106	151	158	188	180	181	182	176	167	166	315	248	277	261	261	259	266	208	211	213
Depreciation	37	38	38	43	45	47	48	50	77	95	114	96	98	99	99	103	105	107	50	100	102	103	104	132	132	135	135	137	137	137	138	139	205	211	217	233	233	251	265	274	276	266
Profit before tax	106	98	106	99	154	125	107	128	316	332	411	433	338	266	391	484	404	295	497	169	239	145	70	-17	80	-5	188	143	111	321	534	450	350	491	20	35	200	118	201	336	410	347
Tax	40	38	56	45	47	23	-38	35	106	86	123	128	116	67	52	135	112	84	112	64	78	50	45	-7	106	37	15	63	54	85	164	140	113	134	3	5	61	12	66	138	103	146
Net profit	66	59	50	54	108	102	145	93	210	246	288	304	223	199	340	349	292	211	385	104	161	95	25	-10	-26	-42	173	80	57	235	369	309	237	357	17	31	139	106	135	198	307	201
EPS ₹	1.39	1.25	1.07	1.14	2.28	2.16	3.06	1.98	4.43	5.20	6.10	6.44	4.71	4.21	7.19	7.38	6.18	4.47	8.16	2.21	3.41	2.01	0.52	-0.21	-0.55	-0.89	3.66	1.70	1.21	4.98	7.82	6.54	4.93	7.43	0.35	0.64	2.89	2.21	2.80	4.12	6.40	4.19
Revenue YoY	—	—	—	—	27.1%	24.8%	14.9%	12.5%	25.3%	38.3%	62.2%	45.7%	19.1%	4.8%	0.3%	13.4%	15.6%	20.8%	14.2%	1.9%	10.1%	-0.1%	-1.3%	3.1%	1.9%	5.1%	12.4%	16.4%	19.6%	26.5%	17.9%	15.5%	15.4%	20.3%	-4.0%	-11.9%	-13.5%	-23.1%	-1.1%	18.3%	7.9%	18.5%
Profit YoY	—	—	—	—	64.1%	71.9%	186.6%	73.6%	94.9%	141.0%	99.1%	225.7%	6.2%	-18.9%	17.9%	14.6%	31.2%	6.1%	13.5%	-70.1%	-44.8%	-55.1%	-93.6%	-109.7%	-116.2%	-144.1%	604.1%	—	—	—	113.7%	285.1%	315.7%	51.7%	-95.4%	-90.1%	-41.5%	-70.3%	688.5%	546.1%	121.7%	89.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7.9%	10.8%	19.2%	19.4%	18.4%	15.6%	15.2%	19.0%	16.8%	17.7%	17.0%	15.6%	15.9%	16.8%	12.7%	12.2%	11.5%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.0%	11.5%	17.9%	18.3%	17.7%	15.7%	14.9%	17.6%	16.7%	17.3%	16.3%	14.9%	14.3%	14.8%	13.0%	13.0%	10.5%
Net margin	8.4%	6.8%	7.1%	9.4%	10.9%	8.6%	9.8%	5.9%	5.1%	10.6%	9.2%	10.1%	9.8%	3.2%	4.2%	4.2%	5.0%	8.2%	8.0%	8.1%	6.9%	6.7%	7.9%	7.7%	8.1%	10.2%	9.8%	10.4%	10.9%	8.3%	8.0%	7.8%
EBITDA margin	24.4%	24.3%	24.5%	24.2%	25.3%	26.1%	28.6%	27.4%	28.0%	28.5%	26.3%	27.0%	25.8%	25.2%	22.2%	20.0%	19.9%	18.5%	18.4%	18.5%	17.0%	16.8%	18.1%	17.9%	18.1%	18.2%	17.6%	18.2%	19.0%	19.1%	19.2%	18.7%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.95	0.95	0.95	0.95	0.90	0.90	0.96	0.96	0.86	0.86	0.50	0.50	0.55	0.55	0.72	0.72	1.10
Interest coverage	2.48	2.41	2.41	2.41	2.46	1.50	1.67	1.36	1.48	3.00	2.89	3.39	3.69	1.90	2.48	2.69	3.14	4.72	4.59	4.47	3.93	3.74	4.26	4.13	4.12	4.11	3.93	4.42	4.69	4.55	4.21	3.75
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.70	0.79	0.86	0.89	0.84	0.83	0.81	0.87	0.82	0.82	0.80	0.77	0.71	0.72	0.64	0.65	0.53

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	481	481	481	481	481	504	504	504	504
Other equity / reserves	10,448	10,529	11,371	11,581	12,835	17,111	18,307	18,571	20,511
Total equity	10,929	11,010	11,852	12,062	13,316	17,615	18,811	19,075	21,015
Borrowings	10,398	10,496	10,638	11,585	11,509	8,737	10,264	13,733	23,058
Current liabilities	6,298	6,930	7,332	7,813	7,468	7,589	7,980	9,713	11,502
Non-current liabilities	11,907	11,494	12,305	12,982	14,076	10,768	12,910	15,771	25,383
Total assets	29,548	29,910	31,994	33,392	35,574	36,573	40,309	45,193	58,565
Property, plant & equipment	17,419	18,116	19,176	20,654	21,571	23,028	23,079	24,201	26,744
Capital work-in-progress	2,397	2,625	1,977	2,472	2,144	2,250	3,625	6,962	8,383
Investments	554	804	1,091	954	950	895	1,632	1,531	1,108
Inventories	862	820	977	800	702	658	779	507	853
Receivables	2,893	2,246	2,685	2,191	2,891	2,362	3,441	2,330	4,238
Cash & equivalents	311	188	370	351	344	289	227	767	234

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	1,355	2,251	2,550	2,356	2,764	2,425	3,610	2,988	3,167	3,456	4,258	4,805	5,464
Cash from investing	-885	-1,158	-911	-2,122	-2,418	-1,828	-1,129	-910	-2,483	-3,216	-3,544	-3,650	-8,088
Cash from financing	437	-1,206	-2,163	-674	-311	-617	-2,506	-2,061	-502	-341	-551	-1,216	3,101
Capex	1,197	1,380	1,312	2,455	2,289	1,989	1,357	1,296	1,809	2,816	3,656	4,330	7,705
Free cash flow	158	872	1,238	-99	474	436	2,254	1,692	1,358	640	602	475	-2,240
Dividends paid	99	25	285	2	108	293	968	269	702	1,062	771	902	1,021

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹26,744 cr46%

CWIP

₹8,383 cr14%

Investments

₹1,108 cr2%

Inventories

₹853 cr1%

Receivables

₹4,238 cr7%

Cash & equivalents

₹234 cr0%

Other assets

₹17,005 cr29%

Peer comparison

largest in Power · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Power Ltd.	3,93,967	204.29	21.6	5.13	23.7%
NTPC Ltd.	3,13,639	323.45	10.6	1.47	13.9%
Power Grid Corporation of India Ltd.	2,41,723	259.90	14.9	2.26	15.2%
Adani Green Energy Ltd.	2,34,549	1,424.10	125.2	10.86	8.7%
Adani Energy Solutions Ltd.	1,78,233	1,457.40	48.1	5.69	11.8%
Tata Power Co. Ltd.	1,12,645	352.50	29.2	2.85	9.8%
JSW Energy Ltd.	96,224	524.95	41.5	2.62	6.3%
NHPC Ltd.	82,450	82.08	19.1	1.88	9.9%
NTPC Green Energy Ltd.	69,627	82.63	106.0	3.59	3.4%
Torrent Power Ltd.	64,051	1,271.10	26.5	3.05	11.5%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+2.8%

6 months-25.8%

1 year-3.2%

3Y CAGR+19.3%

5Y CAGR+19.2%

10Y CAGR+21.7%

50-day avg₹1,235.01

200-day avg₹1,393.52

RSI (14)57

Long-term financials (FY10–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹11,723 Cr	₹1,250 Cr	₹867 Cr
FY15	₹10,423 Cr	₹763 Cr	₹363 Cr
FY14	₹8,681 Cr	₹275 Cr	₹108 Cr
FY13	₹8,221 Cr	₹630 Cr	₹387 Cr
FY12	₹7,956 Cr	₹1,698 Cr	₹1,255 Cr
FY11	₹6,927 Cr	₹1,429 Cr	₹1,066 Cr
FY10	₹5,956 Cr	₹1,186 Cr	₹837 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Torrent Power Ltd. with

Tata Power Co. vs Torrent Power JSW Energy vs Torrent Power NHPC vs Torrent Power NTPC Green Energy vs Torrent Power Torrent Power vs NLC India

FAQs

What is the share price of Torrent Power Ltd.?

Torrent Power Ltd. (TORNTPOWER) closed at ₹1,271.10 on NSE on 06 Nov 2026.

What is the market cap of Torrent Power Ltd.?

₹64,051 crore at the latest close.

What is the P/E ratio of Torrent Power Ltd.?

26.5, on trailing-twelve-month earnings from its filings.

How fast is Torrent Power Ltd. growing?

Torrent Power Ltd.: revenue has compounded at 4.1% a year over three years; net profit at 4.5% a year. Latest-quarter revenue is up 24.4% year on year, profit up 13.3%.

How profitable is Torrent Power Ltd.?

On a trailing-twelve-month basis return on equity is 11.5%, return on capital employed 10.5%, operating margin 18.7%, net margin 7.8%.

How much debt does Torrent Power Ltd. have?

Torrent Power Ltd. is moderately geared: debt to equity is 1.10 with borrowings of ₹23,058 cr against cash of ₹234 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.8 times.

Financials parsed from Torrent Power Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.