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Torrent Power Limited
(TORNTPOWER)
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Rating:53Neutral
Price Target:
₹1,329.00
▲(5.59% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by solid revenue growth and decent operating profitability, but is meaningfully weighed down by poor free-cash-flow quality in 2026 and a recent uptick in leverage. Technicals are bearish with the stock below key moving averages and negative MACD, while valuation appears somewhat expensive given a modest dividend yield.
Positive Factors
Integrated utility platform
Operations span generation, transmission and distribution, creating a diversified power-value-chain platform. Regulated distribution and transmission activities can support recurring revenue, while generation adds exposure to broader electricity demand.
Negative Factors
Negative free cash flow
The sharp free-cash-flow deficit suggests substantial investment needs and/or working-capital pressure. Weak conversion of earnings and operating cash into shareholder free cash flow may increase reliance on borrowing or other external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated utility platform
Operations span generation, transmission and distribution, creating a diversified power-value-chain platform. Regulated distribution and transmission activities can support recurring revenue, while generation adds exposure to broader electricity demand.
Read all positive factors
Torrent Power Limited (TORNTPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹653.13B
Dividend Yield1.54%
Average Volume (3M)100.75K
Price to Earnings (P/E)28.2
Beta (1Y)1.35
Revenue Growth4.09%
EPS Growth-16.62%
CountryIN
Employees8,173
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)46.11
Shares Outstanding503,903,530
10 Day Avg. Volume155,391
30 Day Avg. Volume100,745
Financial Highlights & Ratios
PEG Ratio-1.25
Price to Book (P/B)3.45
Price to Sales (P/S)2.27
P/FCF Ratio-20.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,623.50Price Target Upside28.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)55.6
Revenue Forecast (FY)₹353.76B
Torrent Power Limited Business Overview & Revenue Model
Company Description
Torrent Power Limited is a comprehensive power utility in India, actively involved in the generation, transmission, and distribution of electricity. The company operates a diverse portfolio of thermal and renewable energy assets, with an approxima...
How the Company Makes Money
Torrent Power primarily makes money by selling electricity across the power value chain, with revenue driven by regulated utility operations and market-linked power sales. (1) Electricity distribution (retail supply): The company earns revenue by ...
Torrent Power Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 291.84B | 289.66B | 288.41B | 268.94B | 254.03B | 140.55B |
| Gross Profit | 79.24B | 60.56B | 63.38B | 54.39B | 54.86B | 42.41B |
| EBITDA | 58.95B | 58.64B | 57.66B | 48.78B | 51.26B | 25.12B |
| Net Income | 23.24B | 24.16B | 29.89B | 18.33B | 21.17B | 4.54B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 451.93B | 365.73B | 333.92B | 299.10B | 250.23B |
| Cash, Cash Equivalents and Short-Term Investments | 23.19B | 23.19B | 12.53B | 12.91B | 10.89B | 6.82B |
| Total Debt | 0.00 | 139.71B | 88.40B | 116.32B | 105.41B | 91.43B |
| Total Liabilities | -197.09B | 254.85B | 183.58B | 207.95B | 184.24B | 150.44B |
| Stockholders Equity | 197.09B | 190.75B | 176.15B | 120.62B | 110.10B | 99.43B |
Cash Flow | ||||||
| Free Cash Flow | -1.80B | -31.66B | 4.75B | 6.02B | 6.40B | 13.58B |
| Operating Cash Flow | 25.24B | 45.39B | 48.05B | 42.58B | 34.56B | 31.67B |
| Investing Cash Flow | -35.67B | -82.01B | -36.42B | -35.44B | -32.16B | -24.83B |
| Financing Cash Flow | 9.81B | 41.40B | -12.16B | -5.51B | -3.41B | -5.02B |
Torrent Power Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹46.27B | 9.11 | ― | 16.64% | 15.24% | -44.80% | |
56 Neutral | ₹3.99T | 28.04 | ― | ― | 1.22% | 14.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹653.13B | 28.24 | ― | 1.54% | 4.09% | -16.62% | |
53 Neutral | ₹988.25B | 48.20 | ― | 0.34% | 35.37% | -10.03% | |
52 Neutral | ₹1.18T | 30.41 | ― | 0.68% | -4.19% | -4.84% | |
50 Neutral | ₹91.36B | -29.20 | ― | 2.08% | 2.87% | -109.96% |
* General Sector Average
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Torrent Power Limited Corporate Events
Torrent Power posts earnings call transcript for June-quarter results
Aug 6, 2026
Torrent Power Limited has announced that the transcript of its recent earnings conference call with analysts and investors, discussing unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, has been made avail...
Torrent Power moves AGM online, urges investors to update KYC and go digital
Jul 13, 2026
Torrent Power Limited has notified exchanges that it has circulated a web link to access the notice of its 22nd Annual General Meeting and the Integrated Annual Report for FY 2025-26 to shareholders whose email IDs are not registered. The AGM will...
Torrent Power files SEBI-compliant demat certificate for June quarter
Jul 6, 2026
Torrent Power Limited has submitted to BSE and NSE a confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 June 2026. The filing relates to securities of the company that...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.