T

Torrent Power Limited

TORNTPOWERNSE
Market snapshot · 2026-08-11 06:36 UTC

1,329.80

₹-13.10 (-0.98%)

MARKET CAP

₹67.01K Cr

STOCK P/E

29.0x

52W HIGH

₹1,824.10

52W LOW

₹1,188.00

BOOK VALUE

₹378.55

EPS

₹45.79

ROE

SECTOR

Utilities

DEBT/EQUITY

70.89

VOLUME

53,249

P/B RATIO

3.51x

PEG RATIO

-2.29

Sector

Utilities

Themes

Power Transmission & DistributionSolar Energy
D
Dividend
E
Earnings
₹1,730.01₹1,598.61₹1,467.21₹1,335.81₹1,204.41VolumeEEDDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Torrent Power is an Indian electricity utility spanning thermal generation, renewables, and regulated transmission and distribution. Thermal and renewable capacity anchor generation, while city distribution and transmission lines provide network revenue. Its 5,952MW renewable portfolio and 3,000MW pumped-storage project could expand capacity-linked growth, though recent earnings missed analyst estimates. Revenue declined 0.8% year on year, while profit fell 19.1%; improving margins indicate some operating recovery despite weaker earnings. ROE is unavailable, but 70.89x debt-to-equity means substantial leverage likely amplifies financing costs and pressures shareholder returns. At 29.3x earnings, valuation appears fair against current contraction, but investors must monitor debt-funded expansion, execution of storage projects, and demand across regulated distribution franchises.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for TORNTPOWER.

11.00 analysts

Price Forecast

Current
₹1,330
High Target
₹1,780
▲ +33.9%
Median Target
₹1,515
▲ +13.9%
Low Target
₹1,270
▼ -4.5%
Now₹1,330High ₹1,780Median ₹1,515Low ₹1,270Aug '25Now12M Target
Price history (1Y)
Analyst target range
11 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,102 - ₹1,63580%
6M₹1,024 - ₹1,79180%
12M₹929.24 - ₹2,04780%
Realized vol: +30.8% · Drift: +8.4%

Revenue Forecast

₹ Cr
Dec '25Current₹5,097.0
Sep 2026 ETrend estimate range
High₹6,785.4Base₹6,282.8Low₹5,780.1
Mar '25: ₹4,692.0 · Jun '25: ₹6,167.0 · Sep '25: ₹6,106.0 · Dec '25: ₹5,097.0 · Sep '26: ₹6,282.8 · Dec '26: ₹5,244.5
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E4,692.06,167.06,106.05,097.06,282.85,244.5
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹14.13
Sep 2026 ETrend estimate range
High₹22.70Base₹20.27Low₹17.84
Mar '25: ₹21.63 · Jun '25: ₹13.59 · Sep '25: ₹14.81 · Dec '25: ₹14.13 · Sep '26: ₹20.27 · Dec '26: ₹19.34
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E21.6313.5914.8114.1320.2719.34
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
67%
Analyst Consensus
Weakening

From 11 analysts

Mean upside+14.5%

Fundamentals

Strong

Fundamentals institutional score is 87 using growth durability 87.0.

Valuation

Fairly valued

Valuation institutional score is 64 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 58 using mean target upside 14.5%; dispersion penalty 13.4; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 65 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and technical structure provide support, while market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Fairly valuedAnalyst Consensus NeutralTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,522.6 target
Mean Upside+14.5%
Technical Score65%
Fundamental Score87%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 2.8% below historical median. Valuation is stable — currently in the undervalued zone (z-score: +0.04). Confidence: 78%.

Live forward EPS implies next-12-month EPS of ₹59.97. Applying the stock's normalized valuation corridor produces a fair range of ₹1,631.78 to ₹1,922.04, with base value near ₹1,790.70 (+34.7% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹59.97

Forward P/E

22.2x

Base Fair Value

₹1,790.70

Fair Range

₹1,631.78 - ₹1,922.04

Upside To Base

+34.7%

Estimate Source

Live forward EPS

Growth Estimate

-12.7%

P/E
Undervalued

5Y Average

21.94

Current

29.04

Overvalued

32.05

Undervalued

27.21

EV/EBITDA
Strongly Overvalued

5Y Average

10.53

Current

13.94

Overvalued

14.86

Undervalued

5.15

P/B
Undervalued

5Y Average

3.76

Current

3.51

Overvalued

4.33

Undervalued

3.20

Peers & Comparison

Sector: Utilities · Theme: Power Transmission & Distribution

Power Transmission & Distribution Peers5 peers
Avg P/E: 29.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
TATA POWER CO LTD
TATAPOWERPower Transmission & Distribution
+5.6%6.1%
31.3x
Fair
+8% vs avg
-0.6%
POWER GRID CORP. LTD.
POWERGRIDPower Transmission & Distribution
+2.7%33.8%
13.1x
Undervalued
-55% vs avg
-5.1%
JSW ENERGY LIMITED
JSWENERGYPower Generation
+1.2%10.4%
45.3x
Premium
+56% vs avg
+5.5%
SJVN LTD
SJVNRenewable Energy
+52.0%12.8%
41.8x
Premium
+44% vs avg
-30.6%
CESC LTD
CESCPower Generation
+5.6%8.3%
14.2x
Undervalued
-51% vs avg
+1.2%
WHY THESE PEERS

TORRENT POWER LTD trades in line with peers (29.0x vs avg 29.1x), reflecting a fair valuation within the Power Transmission & Distribution cohort. Peers include TATA POWER CO LTD, POWER GRID CORP. LTD., JSW ENERGY LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹5.10K CrDec 2025

Latest net profit

₹712 CrDec 2025

Latest EPS

₹14.13Dec 2025

Net margin

17.6%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%5.0%10.0%15.0%20.0%0.00 Cr2.00K Cr4.00K Cr6.00K Cr8.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr2.00K Cr4.00K Cr6.00K Cr8.00K Cr₹0₹6₹12₹18₹24
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
202120222023202420250.00 Cr2.50K Cr5.00K Cr7.50K Cr10.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales4,3015,3835,1064,6814,7877,1865,2884,7464,6926,1676,1065,097
Expenses3,3954,3784,1103,7773,8305,6144,3533,8233,7654,9964,9003,908
Operating Profit6367317196206681,309669654653894940895
OPM %14.78%13.58%14.08%13.25%13.96%18.22%12.65%13.79%13.91%14.49%15.39%17.56%
Other Income11410014092.62157145201162179173188157
Interest158192194191204227228232187164164191
Depreciation271274277283288263266269275277266294
Profit before tax5916396645226211,228641585644902963860
Tax %26.34%25.1%25.97%26.44%28.55%24.38%27.64%36.96%-69.16%24.11%22.54%17.21%
Net Profit4354794923844449284643691,090685746712
EPS in Rs9.059.9610.237.989.2319.329.667.5621.6313.5914.8114.13

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters51.09%51.09%51.09%51.09%51.09%
FII9.43%9.79%8.82%8.32%8.40%
DII30.25%29.76%30.51%31.09%31.17%
Government8.35%8.35%8.35%8.35%8.35%
Public5.55%5.62%5.87%5.73%5.45%
Mar 2026
Promoters
FII
DII
Government
Public

Events Timeline

Concall Transcript - FY2027

Jul 28, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 24, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 19, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 18, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jun 11, 2026PDFKnowledge Base Open