TORRENT POWER LIMITED

BSE: TORNTPOWER532779ISIN INE813H01021

Utilities
Integrated Power Utilities
BSE 200

Share price

₹1,233.90+30.40 (+2.53%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,824.00
52W low: ₹1,147.45
Off 52W high: -32.35%
1M return: -0.07%
3M return: -6.82%
6M return: -28.82%
1Y return: -5.38%
20D avg volume: 57,122
50 DMA: ₹1,234.34
200 DMA: ₹1,394.24

Key ratios Consolidated

Market cap: ₹62,177 Cr
Current price: ₹1,233.90
52W high / low: ₹1,824.00 / ₹1,147.45
Face value: ₹10.00
P/E: 25.01
P/B: 2.96
EPS (TTM): ₹49.34
Book value / share: ₹417.05
ROE: —
ROCE: 12.00%
Operating margin: —
Net margin: —
Debt / equity: 0.70
Net debt: ₹12,966 Cr
Interest cover: 4.55
Dividend yield: 1.62%
Dividend / share (TTM): ₹20.00
Payout: 40.54%
Cash conversion cycle: 12.1 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	9,802	8,124	6,406	6,778	7,876	7,906	6,456	6,499	7,176	9,034	6,529	6,366
	249.21	80.66	70.88	69.15	77.91	104.67	114.35	171.87	124.70	76.29	96.87	53.56
	10,051	8,205	6,477	6,847	7,954	8,011	6,571	6,671	7,301	9,110	6,625	6,420
	8,920	7,280	5,930	6,042	6,975	7,026	5,951	6,041	6,612	7,795	6,008	5,906
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	114.07	99.39	102.58	89.51
	5.97	0.00	294.86	574.05	463.66	261.10	381.75	393.01	147.31	181.84	313.98	181.31
	224.71	179.38	162.62	183.47	174.41	185.30	160.84	165.93	190.31	172.88	147.35	155.95
	439.19	292.99	251.86	254.67	215.82	212.12	236.36	276.08	272.34	260.09	233.47	235.49
	417.67	400.41	421.00	412.65	388.83	390.27	389.13	377.52	370.99	359.48	355.02	348.78
	7,833	6,407	4,799	4,617	5,732	5,977	4,783	390.43	410.88	464.78	396.44	382.55
	1,131	925.19	547.36	804.97	979.10	985.34	619.35	629.90	688.68	1,315	617.31	513.35
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1,131	925.19	547.36	804.97	979.10	985.34	619.35	629.90	688.68	1,315	617.31	513.35
	292.77	263.34	215.87	150.23	237.55	243.76	-457.87	140.57	192.96	318.31	170.27	139.22
	837.96	661.85	331.49	654.74	741.55	741.58	1,077	489.33	495.72	996.34	447.04	374.13
	16.28	12.68	6.31	12.76	14.36	14.52	21.03	9.76	10.01	20.23	8.95	7.49
Key metrics
	1,988	1,619	1,220	1,472	1,584	1,588	1,245	1,284	1,332	1,934	1,206	1,098
	20.30%	19.90%	19.00%	21.70%	20.10%	20.10%	19.30%	19.70%	18.60%	21.40%	18.50%	17.20%
	8.50%	8.10%	5.20%	9.70%	9.40%	9.40%	16.70%	7.50%	6.90%	11.00%	6.80%	5.90%
	3.30%	—	2.30%	—	3.70%	—	3.00%	—	—	—	—	—
	24.40%	2.80%	-0.80%	4.30%	9.80%	-12.50%	-1.10%	2.10%	—	—	—	—
	13.00%	-10.80%	-69.20%	33.80%	49.60%	-25.60%	141.00%	30.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	31,110	28,966	29,165	27,183	25,694	14,258	12,173	13,641	13,151	11,512
	469.90	322.61	487.21	344.32	381.85	235.04	141.81	177.59	189.59	263.55
	31,580	29,289	29,652	27,528	26,076	14,493	12,314	13,818	13,341	11,776
	28,171	25,972	26,400	24,945	23,035	12,629	10,763	12,343	12,077	10,375
	0.00	0.00	213.46	406.50	334.81	262.64	104.21	250.60	259.86	233.44
	874.88	1,594	1,104	690.53	1,879	305.99	48.24	53.69	229.46	—
	750.18	705.80	689.96	611.19	578.25	533.54	538.94	532.05	486.42	467.03
	1,239	934.47	1,045	943.40	818.20	628.21	775.73	954.55	898.93	848.19
	1,652	1,613	1,497	1,378	1,281	1,334	1,280	1,304	1,227	—
	23,656	21,125	21,850	1,504	1,224	1,056	1,038	1,287	859.37	871.10
	3,408	3,317	3,253	2,583	3,041	1,864	1,552	1,475	1,264	1,401
	0.00	0.00	0.00	0.00	0.00	-1,300	0.00	-1,000	0.00	0.00
	3,408	3,317	3,253	2,583	3,041	563.97	1,552	474.84	1,264	1,401
	922.21	847.41	193.97	686.60	876.69	105.27	255.90	704.04	359.78	448.87
	2,486	2,469	3,059	1,896	2,165	458.70	1,296	1,179	903.83	952.12
	48.03	47.95	61.23	38.14	44.06	9.45	26.86	24.43	18.70	—
Key metrics
	6,299	5,864	5,795	4,904	5,141	2,526	3,607	2,734	3,389	2,249
	20.25%	20.20%	19.90%	18.00%	20.00%	17.70%	29.60%	20.00%	25.80%	19.50%
	7.99%	8.50%	10.50%	7.00%	8.40%	3.20%	10.60%	8.60%	6.90%	8.30%
	—	12.00%	14.80%	—	—	—	—	—	—	—
	8.25%	-0.70%	7.30%	5.80%	80.20%	17.10%	-10.80%	3.70%	14.20%	—
	-18.48%	-19.30%	61.30%	-12.40%	371.90%	-64.60%	9.90%	30.40%	-5.10%	—
	—	-2,240	474.70	—	—	—	—	—	—	—
	—	2.21	1.57	—	—	—	—	—	—	—
	—	0.70	0.48	—	—	—	—	—	—	—
	—	12,966	8,448	—	—	—	—	—	—	—
	—	12.1	15.0	—	—	—	—	—	—	—
Balance sheet
	—	45,193	36,573	—	—	—	—	—	—	—
	—	9,239	8,620	—	—	—	—	—	—	—
	—	766.61	289.11	—	—	—	—	—	—	—
	—	2,330	2,362	—	—	—	—	—	—	—
	—	507.18	658.02	—	—	—	—	—	—	—
	—	547.24	158.38	—	—	—	—	—	—	—
	—	24,201	23,028	—	—	—	—	—	—	—
	—	1,879	1,824	—	—	—	—	—	—	—
	—	9,713	7,589	—	—	—	—	—	—	—
	—	13,733	8,737	—	—	—	—	—	—	—
	—	1,862	1,426	—	—	—	—	—	—	—
	—	11,871	7,310	—	—	—	—	—	—	—
	—	19,709	18,216	—	—	—	—	—	—	—
Cash flow
	—	5,464	4,805	—	—	—	—	—	—	—
	—	-8,088	-3,650	—	—	—	—	—	—	—
	—	3,101	-1,216	—	—	—	—	—	—	—
	—	7,705	4,330	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	6,543	6,049	4,480	5,097	6,106	6,167	4,692	4,746	5,293	7,193	4,787	4,681
	233.83	183.22	169.04	156.58	187.73	172.60	178.92	162.10	200.80	145.06	156.83	92.62
	6,777	6,232	4,649	5,253	6,294	6,340	4,871	4,908	5,494	7,338	4,943	4,773
	5,897	5,426	4,025	4,393	5,331	5,437	4,227	4,323	4,825	6,065	4,323	4,252
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	5.97	0.00	294.86	574.05	463.66	261.10	381.75	393.01	147.18	181.84	313.98	181.31
	177.86	149.58	139.61	157.96	144.55	159.03	147.84	150.30	169.30	154.12	129.75	139.88
	272.43	206.75	175.97	191.30	164.37	163.94	187.29	231.63	228.97	227.44	204.04	190.96
	270.00	271.28	299.28	294.15	266.20	276.76	274.99	268.88	296.40	293.45	288.35	283.48
	5,171	4,799	3,115	3,176	4,292	4,576	3,235	316.67	368.17	401.40	342.42	321.76
	879.87	805.49	624.39	860.25	963.32	902.45	644.25	584.89	669.32	1,273	620.76	521.70
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	879.87	805.49	624.39	860.25	963.32	902.45	644.25	584.89	669.32	1,273	620.76	521.70
	204.03	218.34	192.49	148.09	217.16	217.56	-445.55	216.19	177.47	299.63	177.24	137.96
	675.84	587.15	431.90	712.16	746.16	684.89	1,090	368.70	491.85	973.43	443.52	383.74
	13.41	11.65	8.57	14.13	14.81	13.59	21.63	7.56	10.23	20.25	9.23	7.98
Key metrics
	1,422	1,284	1,100	1,346	1,394	1,343	1,107	1,085	1,195	1,794	1,113	996.14
	21.70%	21.20%	24.50%	26.40%	22.80%	21.80%	23.60%	22.90%	22.60%	24.90%	23.30%	21.30%
	10.30%	9.70%	9.60%	14.00%	12.20%	11.10%	23.20%	7.80%	9.30%	13.50%	9.30%	8.20%
	3.40%	—	2.70%	—	4.00%	—	3.20%	—	—	—	—	—
	7.10%	-1.90%	-4.50%	7.40%	15.40%	-14.30%	-2.00%	1.40%	—	—	—	—
	-9.40%	-14.30%	-60.40%	93.20%	51.70%	-29.60%	145.70%	-3.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	22,168	21,850	21,913	19,957	18,836	13,716	11,777	13,442	12,978	11,449
	742.67	685.95	686.85	489.60	434.64	296.09	250.28	245.09	261.55	267.92
	22,911	22,536	22,599	20,447	19,271	14,012	12,027	13,687	13,239	11,717
	19,741	19,186	19,501	18,000	16,340	12,197	10,444	12,141	11,991	10,341
	0.00	0.00	0.00	—	—	—	—	250.60	259.86	233.44
	874.88	1,594	1,104	690.53	1,879	305.99	48.24	53.69	229.46	—
	625.01	601.15	615.27	544.02	513.85	514.07	521.76	528.49	484.21	465.32
	846.45	695.58	873.72	781.43	668.34	581.56	718.96	891.86	892.15	839.69
	1,135	1,136	1,072	1,123	1,059	1,234	1,180	1,230	1,163	1,111
	16,260	15,159	15,836	1,291	1,050	1,042	1,006	1,225	845.60	—
	3,170	3,350	3,098	2,446	2,931	1,814	1,583	1,546	1,248	1,376
	0.00	0.00	0.00	—	—	-1,300	—	-1,000	—	—
	3,170	3,350	3,098	2,446	2,931	514.38	1,583	545.90	1,248	1,376
	762.95	775.30	247.29	648.24	827.57	104.67	258.33	692.24	359.12	453.79
	2,407	2,575	2,851	1,798	2,104	409.71	1,325	1,238	889.24	921.74
	47.76	51.10	58.41	37.41	43.77	8.52	27.57	25.76	18.50	—
Key metrics
	5,151	5,182	5,044	4,351	4,659	2,330	3,482	2,668	3,304	3,326
	23.24%	23.70%	23.00%	21.80%	24.70%	17.00%	29.60%	19.80%	25.50%	29.10%
	10.86%	11.80%	13.00%	9.00%	11.20%	3.00%	11.30%	9.20%	6.90%	8.10%
	—	13.70%	15.50%	—	—	—	—	—	—	—
	2.10%	-0.30%	9.80%	5.90%	37.30%	16.50%	-12.40%	3.60%	13.40%	—
	-16.70%	-9.70%	58.60%	-14.50%	413.50%	-69.10%	7.00%	39.20%	-3.50%	—
	—	2,859	2,820	—	—	—	—	—	—	—
	—	1.82	1.50	—	—	—	—	—	—	—
	—	0.43	0.36	—	—	—	—	—	—	—
	—	7,719	6,133	—	—	—	—	—	—	—
	—	13.1	15.5	—	—	—	—	—	—	—
Balance sheet
	—	35,802	31,659	—	—	—	—	—	—	—
	—	6,875	8,178	—	—	—	—	—	—	—
	—	565.39	222.42	—	—	—	—	—	—	—
	—	1,718	1,691	—	—	—	—	—	—	—
	—	443.56	608.55	—	—	—	—	—	—	—
	—	94.85	107.34	—	—	—	—	—	—	—
	—	15,647	15,495	—	—	—	—	—	—	—
	—	1,378	1,370	—	—	—	—	—	—	—
	—	6,207	5,992	—	—	—	—	—	—	—
	—	8,285	6,355	—	—	—	—	—	—	—
	—	945.81	1,119	—	—	—	—	—	—	—
	—	7,339	5,236	—	—	—	—	—	—	—
	—	19,068	17,456	—	—	—	—	—	—	—
Cash flow
	—	4,694	4,278	—	—	—	—	—	—	—
	—	-4,762	-2,881	—	—	—	—	—	—	—
	—	411.10	-1,438	—	—	—	—	—	—	—
	—	1,835	1,457	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +5.07%
Sales CAGR 5Y: +13.16%
Profit CAGR 3Y: +6.97%
Profit CAGR 5Y: +14.21%
Sales YoY (TTM): +2.10%
Profit YoY (TTM): -16.70%

Consolidated

Sales CAGR 3Y: +4.08%
Sales CAGR 5Y: +18.93%
Profit CAGR 3Y: +4.49%
Profit CAGR 5Y: +13.76%
Sales YoY (TTM): +8.25%
Profit YoY (TTM): -18.48%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 51.09%

Quarter	September 2026	June 2026	March 2026
Promoter %	51.09%	51.09%	51.09%

Holder	Type	Holding	Previous	Change
Torrent Investments Limited	Promoter	51.09%	51.09%	0.00%
SBI Mutual Funds	Public	9.57%	9.00%	+0.57%
Gujarat Urja Vikas Nigam Limited	Public	6.95%	6.95%	0.00%
Life Insurance Corporation Of India	Public	2.61%	3.16%	-0.55%
Gujarat State Financial Services Ltd	Public	2.36%	2.36%	0.00%
NPS Trust- A/C Sbi Pension Fund Scheme - State Govt	Public	2.04%	—	—
Axis Mutual Funds	Public	1.49%	2.04%	-0.55%
The Governor Of Gujarat	Public	1.40%	1.40%	0.00%
SBI Life Insurance Co. Ltd	Public	1.02%	—	—
Mehta Family Trust 1	Promoter	0.00%	0.00%	0.00%
Mehta Family Trust 2	Promoter	0.00%	0.00%	0.00%
Biotech Laboratories (PTY) Ltd	Promoter Group	0.00%	—	—
Torrent Gas Jaipur Private Limited	Promoter Group	0.00%	0.00%	0.00%
Laboratories Torrent Malaysia Sdn. Bhd.	Promoter Group	0.00%	0.00%	0.00%
Torrent Pharmaceuticals Chile SpA	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Adani Power Limited	3,88,394	201.40	20.83	15.50%	+17.20% TTM	+58.67% TTM	+27.11%
Tata Power Co. Ltd	1,14,920	359.65	21.86	7.30%	-4.19% TTM	+8.39% TTM	-10.26%
TORRENT POWER LIMITED	62,177	1,233.90	25.01	12.00%	+8.25% TTM	-18.48% TTM	-5.38%
CESC Limited	17,358	130.95	10.67	9.70%	+8.73% TTM	+12.67% TTM	-28.15%
Reliance Infrastructure Ltd	2,005	49.06	0.38	2.40%	-6.41% TTM	-44.64% TTM	-74.67%

Filings & corporate actions

Recent announcements

Audio recording4 Nov 2026 · Company Update / General
Investor Presentation4 Nov 2026 · Company Update / Investor Presentation
Press Release4 Nov 2026 · Company Update / Press Release / Media Release
Outcome4 Nov 2026 · Result / Financial Results
Outcome of the Board Meeting dated November 04, 20264 Nov 2026 · Board Meeting / Outcome of Board Meeting
Earnings Conference call with Analysts / Investors29 Oct 2026 · Company Update / Analyst / Investor Meet
Torrent Power Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....29 Oct 2026 · Board Meeting / Board Meeting
Intimation on Credit Ratings23 Oct 2026 · Company Update / Credit Rating
Compliance under Reg 74 (5)8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Update7 Oct 2026 · Company Update / General
Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of participation in Investor Conference16 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of participation in Investor Conference14 Sep 2026 · Company Update / Analyst / Investor Meet
Media Release on Commissioned of Project8 Sep 2026 · Company Update / Press Release / Media Release
Intimation of participation in Investor Conferences under Regulation 30 of SEBI LODR7 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Investor Meeting25 Aug 2026 · Company Update / Analyst / Investor Meet
Appointment of CFO20 Aug 2026 · Company Update / General
Resignation of CFO20 Aug 2026 · Company Update / Resignation of Chief Financial Officer (CFO)
Outcome of the Board Meeting dated August 20, 202620 Aug 2026 · Others / Outcome without intimation
Intimation of incorporation19 Aug 2026 · Company Update / Acquisition
Update on Schedule of Analyst / Investor Meeting19 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Conference and Analyst / Investor Meeting under Regulation 30 of SEBI LODR11 Aug 2026 · Company Update / Analyst / Investor Meet
Transcript of Earning call6 Aug 2026 · Company Update / Earnings Call Transcript
Audio recording3 Aug 2026 · Company Update / General
Voting results3 Aug 2026 · AGM/EGM / AGM
Outcome of AGM3 Aug 2026 · AGM/EGM / AGM
Investor Presentation3 Aug 2026 · Company Update / Investor Presentation
Press release on Q1 FY 27 results3 Aug 2026 · Company Update / Press Release / Media Release
Outcome3 Aug 2026 · Result / Financial Results
Outcome of BM3 Aug 2026 · Board Meeting / Outcome of Board Meeting
Earnings Conference call with Analysts / Investors on Unaudited Financial Results for the quarter ended June 30, 202628 Jul 2026 · Company Update / Analyst / Investor Meet
Torrent Power Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/08/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....28 Jul 2026 · Board Meeting / Board Meeting
Letter to shareholder for 22nd AGM13 Jul 2026 · Company Update / General
Newspaper ad for 22nd AGM11 Jul 2026 · Company Update / Newspaper Publication
BRSR for FY 2025-2610 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Integrated Annual Report of the Company for FY 2025-2610 Jul 2026 · Others / Reg. 34 (1) Annual Report
Notice and Annual Report for FY 2025-2610 Jul 2026 · AGM/EGM / AGM
22nd AGM of the Company through VC / OAVM facility9 Jul 2026 · Company Update / Newspaper Publication
Certificate under Reg 74(5) of SEBI (DP) Regulation6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Trading window closure25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 5.0000	19 Jun 2026	19 Jun 2026	—
Interim Dividend - Rs. - 15.0000	16 Feb 2026	16 Feb 2026	—
Final Dividend - Rs. - 5.0000	6 Jun 2025	6 Jun 2025	—
Interim Dividend - Rs. - 14.0000	12 Feb 2025	12 Feb 2025	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
3 Aug 2026 Board Meeting - Financial Results