āagman

Not investment advice. Data and computed figures, for information only.

Torrent Power Ltd

NSE: TORNTPOWER
₹1,238.60
−₹1.70 (−0.14%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹59,894 Cr
CMP
₹1,238.60
52-wk High / Low
₹1,824 / 1,165
P/E
25.8
P/B
3.1
Book Value
₹379.0
Div Yield
1.68%
ROCE
14.0%
ROE
12.5%
Face Value
₹10
D/E
0.73

Price−0.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹639
√(22.5 × EPS × book value per share)
ROIC
8.9%
vs 5.8% sector median
Cash flow to profit
2.21
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+17
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.1%
ROE × earnings retention ratio
ROE stability
5.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.13DII −0.13
Latest quarter vs the previous one
Cash-accrual divergence
−7.3%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 13% vs the 2022 sector median of 9%)
+FII holding rose by 2.2pp over the last year
Watch-outs
−Borrowings are up 64.1% since FY2016 (8515 to 13971)
−Price trades below its 200-day moving average (0.9x)
−Price is 32.1% below its 52-week high
−Promoter holding fell by 2.5pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7,3286,9616,3666,5299,0347,1766,4996,4567,9067,8766,7786,4068,124
Expenses6,1435,7405,3225,4207,1765,9685,3885,3266,4236,3705,3755,2576,586
Operating Profit1,1851,2211,0441,1091,8581,2071,1121,1301,4831,5061,4031,1491,538
OPM %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%
Other Income8610854977612517211410578697181
Interest227247235233260272276236212216255252293
Depreciation332342349355359371378389390389413421400
Profit before tax7117415136171,315689630619985979805547925
Net Profit5325433744479964964891,077742742655331662
EPS (₹)10.7610.947.498.9520.2310.019.4421.0314.5214.3612.766.3112.68

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales10,34811,6809,96011,51213,15113,64112,17314,25825,69427,18329,16528,96629,184
Expenses8,2468,6817,4878,3649,93410,0458,69510,64320,90622,58723,84423,38923,588
Operating Profit2,1032,9992,4723,1483,2173,5963,4773,6154,7894,5965,3225,5775,596
OPM %20.3%25.7%24.8%27.3%24.5%26.4%28.6%25.4%18.6%16.9%18.2%19.3%19.2%
Other Income320337179232172−862130−1,089352307473287299
Interest9621,1311,0588488999557766288189431,0459341,015
Depreciation7209161,0061,1321,2271,3041,2801,3341,2811,3781,4971,6131,623
Profit before tax7401,2905871,4011,2644751,5525643,0412,5833,2533,3173,257
Net Profit3639024309529041,1791,2964592,1651,8963,0592,4692,390
EPS (₹)7.6118.738.9219.6118.7024.4326.869.4544.0638.1459.3147.9546.11

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital472481481481481481481481481481504504—
Reserves6,0835,9906,4117,2398,4908,6739,7049,46310,52911,58117,11118,571—
Borrowings9,3558,5158,7689,2989,7158,9087,8179,14310,54111,6328,84013,971—
Other Liabilities3,7224,6265,1325,5715,8655,5415,5135,9028,3209,63310,00411,999—
Total Liabilities19,63219,61220,79322,58924,55023,60323,51424,98829,87233,32636,45945,045—
Fixed Assets15,08815,13916,80417,87118,01417,56917,32617,09719,26921,80224,28625,611—
CWIP2332133323933595688381,2972,6252,4722,2506,965—
Investments6075116718739147244664078049548951,531—
Other Assets3,7053,7482,9863,4535,2634,7434,8856,1877,1748,0979,02810,938—
Total Assets19,63219,61220,79322,58924,55023,60323,51424,98829,87233,32636,45945,045—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,3552,2512,5502,3562,7642,4253,6102,9883,1673,4564,2584,8055,464
Cash from Investing Activity−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 Activity437−1,206−2,163−674−311−617−2,506−2,061−502−341−551−1,2163,101
Net Cash Flow908−112−523−44034−20−2516182−101163−62478

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.011.015.010.013.012.013.013.013.018.015.016.014.0
ROE %————————————12.5
EPS (₹)2.237.6118.738.9219.6118.7024.4326.869.4544.0638.1459.3147.95
Book Value (₹)————————————379.0
Face Value (₹)————————————10
P/E————————————25.8
Div Yield %————————————1.68
NPM %1.23.47.54.28.16.89.210.53.58.36.910.38.4
OPM %15.020.026.025.027.024.026.029.025.019.017.018.019.0
D/E1.531.431.321.271.201.080.970.770.920.960.960.500.73
P/B————————————3.1

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+10.0%
5 years+19.0%
3 years+4.0%
TTM+4.0%
Compounded profit growth
10 years+10.0%
5 years+12.0%
3 years+4.0%
TTM−15.0%
Stock price CAGR
10 years+21.0%
5 years+18.0%
3 years+17.0%
Last year−4.0%
Return on equity
10 years14.0%
5 years15.0%
3 years15.0%
Last year12.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters53.57%53.57%53.57%53.57%53.57%53.57%53.57%53.56%53.56%51.09%51.09%51.09%
FIIs6.77%6.77%5.87%7.81%8.75%8.45%6.86%6.30%6.40%9.43%8.40%8.53%
DIIs16.31%16.31%17.89%15.94%18.10%18.77%20.91%21.63%21.47%21.90%22.82%22.69%
Government1.47%1.47%1.73%1.47%1.47%1.47%1.47%1.47%1.47%8.35%8.35%8.35%
Public21.88%21.88%20.94%21.21%18.11%17.75%17.20%17.02%17.10%9.25%9.33%9.37%
No. of shareholders1,18,4911,18,4911,23,3991,17,4671,11,8621,12,3481,34,0021,25,7931,40,1531,65,1891,60,5661,55,488
Change since Jun 2023 (pp)
Promoters −2.48FIIs +1.76DIIs +6.38Public −12.51

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Update On Letter Of Award - Long Term Power Purchase Arrangement For 300 MW Wind Power Project Received On July 14, 2022Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026PPTNov 2025PPTNov 2025Recording

Corporate actions

As of 19 Jun 2026
19 Jun 2026DIVIDENDDividend - Rs 5 Per Share—
16 Feb 2026DIVIDENDInterim Dividend - Rs 15 Per Share—
6 Jun 2025DIVIDENDDividend - Rs 5 Per Share—
12 Feb 2025DIVIDENDInterim Dividend - Rs 14 Per Share—
14 Jun 2024DIVIDENDDividend - Rs 4 Per Share—
16 Feb 2024DIVIDENDInterim Dividend - Rs 12 Per Share—
16 Jun 2023DIVIDENDDividend - Rs 4 Per Share—
22 Feb 2023DIVIDENDInterim Dividend - Rs 09 Per Share / Special Dividend - Rs 13 Per Share—
10 Feb 2022DIVIDENDInterim Dividend - Rs 9 Per Share—
24 Jun 2021DIVIDEND Dividend - Rs 5.50 Per Share—
16 Feb 2021DIVIDEND Interim Dividend - Rs 5.50 Per Share—
18 Feb 2020DIVIDEND Interim Dividend - Rs 11.60 Per Share—
13 Jun 2019DIVIDEND Annual General Meeting/Dividend - Rs 5 Per Share—
8 Jun 2018DIVIDEND Dividend- Rs 5 Per Share—
8 Jun 2017DIVIDEND Dividend - Rs 2.20 Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Rs 4.50/- Per Share (Purpose Revised)—
11 Jun 2015DIVIDENDDividend Rs 1.50 Per Share—
12 Jun 2014DIVIDENDAnnual General Meeting / Dividend Rs. 0.50 Per Share—
13 Jun 2013DIVIDENDDividend-Rs.2/- Per Share—
14 Jun 2012DIVIDENDDividend - Rs.3.50 Per Share—
25 Jan 2012DIVIDENDInterim Dividend Rs.3/- Per Share (Purpose Revised)—
16 Jun 2011DIVIDENDFinal Dividend Rs.3/- Per Share And Special Dividend Rs.2.50 Per Share—
17 Jun 2010DIVIDENDDividend-Rs.3/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman