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Torrent Power Ltd

Power Generation & Distribution

Large Cap

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Torrent Power Ltd Fundamentals

Market Cap

₹74,788.78Cr

P/E Ratio (TTM)

42.69

P/B Ratio

6.20

Debt to Equity

0.96

EPS (TTM)

36.45

Dividend Yield

1.03%

Book Value

250.96

Market Cap

₹74,788.78Cr

P/E Ratio (TTM)

42.69

P/B Ratio

6.20

Debt to Equity

0.96

EPS (TTM)

36.45

Dividend Yield

1.03%

Book Value

250.96

Click here to know more about Fundamentals

Fundamentals

Fundamentals in the stock market refer to the underlying financial and qualitative factors that determine the value and performance of a company's stock.

Market Cap:

Market capitalization (market cap) is a financial metric used to gauge the value of a publicly traded company in the stock market. It represents the total worth of a company's outstanding shares. Calculated by multiplying the current market price per share by the total number of outstanding shares, market cap reflects the company's size and significance in the market.

PB Ratio:

The Price-to-Book (P/B) ratio is a financial metric used to evaluate a company's stock price relative to its book value per share (BVPS). It is calculated by dividing the market price per share by the book value per share. The book value per share is determined by subtracting a company's total liabilities from its total assets and dividing the result by the total number of outstanding shares.

ROE:

Return on Equity (ROE) is a fundamental financial ratio used in the stock market to assess a company's profitability and efficiency in generating profits from shareholders' equity. It measures the amount of net income a company generates as a percentage of its shareholders' equity. ROE is calculated by dividing a company's net income by its average shareholders' equity during a specific period, usually a year. ROE is a crucial metric for investors as it indicates how effectively a company is utilizing shareholders' equity to generate profits. A higher ROE typically suggests that the company is more efficient in utilizing its equity capital to generate returns for shareholders.

EPS (TTM):

EPS (TTM) stands for Earnings Per Share (Trailing Twelve Months) in the stock market. It is a financial metric that measures a company's profitability by dividing its total earnings over the past twelve months by the total number of outstanding shares. The EPS (TTM) figure provides investors with insight into a company's profitability on a per-share basis over a specific period, which allows for better comparison across different companies and industries. It is often considered a key indicator of a company's financial health and performance. EPS (TTM) is calculated by taking the sum of a company's net income from continuing operations over the past four quarters and dividing it by the weighted average number of outstanding shares during the same period. Investors use EPS (TTM) to assess a company's ability to generate profits and to determine the potential return on investment from holding its stock. Higher EPS (TTM) values generally indicate stronger profitability, while declining or negative EPS (TTM) may signal financial challenges or declining performance.

P/E Ratio (TTM):

The P/E Ratio (TTM) in the stock market stands for Price-to-Earnings Ratio (Trailing Twelve Months). It is a fundamental financial metric used by investors to evaluate the valuation of a company's stock relative to its earnings per share (EPS) over the past twelve months. To calculate the P/E Ratio (TTM), you divide the current market price per share of a company's stock by its earnings per share over the trailing twelve months. The ratio indicates how much investors are willing to pay for each rupee of the company's earnings. A high P/E Ratio suggests that investors are willing to pay more for each rupee of earnings, possibly indicating high growth expectations or optimism about the company's future prospects. Conversely, a low P/E Ratio may suggest undervaluation or concerns about the company's growth potential.

Debt to Equity Ratio:

The Debt to Equity (D/E) ratio is a financial metric used to evaluate a company's financial leverage by comparing its total debt to its total shareholders' equity. It reflects the proportion of a company's funding that comes from debt compared to equity. To calculate the D/E ratio, divide the total debt by the total equity. Debt includes all liabilities such as loans, bonds, and other forms of debt financing, while equity represents the shareholders' ownership in the company. A high D/E ratio indicates that a company relies more on debt financing, which can amplify returns but also increases financial risk due to interest payments and debt obligations. Conversely, a low D/E ratio suggests a conservative financial structure with less reliance on debt financing.

Dividend Yield:

Dividend yield is a financial metric used to measure the return on investment from owning a particular stock, specifically in terms of the dividends paid out to shareholders. It represents the percentage of the current market price of a share that a company pays out annually in dividends. To calculate dividend yield, divide the annual dividend per share by the current market price per share, and then multiply the result by 100 to convert it to a percentage. For instance, if a company pays ₹ 2 in dividends per share annually and its stock is trading at ₹50 per share, the dividend yield would be 4% (₹2/₹50 * 100)

Book Value:

Book value, in the context of the stock market, refers to the net asset value of a company's equity as recorded on its balance sheet. It represents the value of a company's assets minus its liabilities and intangible assets, such as goodwill. To calculate book value per share, you divide the total book value of equity by the total number of outstanding shares. This figure provides investors with insight into the financial health and the underlying asset value of a company. Book value serves as a fundamental measure of a company's intrinsic worth. It is particularly useful for investors who adopt a value investing approach, as it helps determine whether a stock is undervalued, overvalued, or fairly priced relative to its book value per share.

Torrent Power Ltd Financials

Torrent Power Ltd Shareholding Pattern

Torrent Power Ltd Delivery and Volume

About Torrent Power Ltd

Torrent Power Limited is an integrated power utility and is one of largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables. It has a portfolio of coal based, gas based and renewable power plants with an aggregate operational generation capacity of 4,160 MW with a unique mix of coal based, gas based, and renewable power plants that use highly efficient power generation technologies. It has under-construction wind power plants aggregating to 1111 MW. It operates 249 km and 105 km 400kV double circuit transmission lines implemented by, for evacuating power generated at SUGEN (the 1147.5 MW gas based power plant near Surat in South Gujarat) and DGEN (the 1200 MW combined cycle gas based Power Plant at Dahej SEZ) plant to various off-take centres. Torrent Power distributes power to over 3 million customers annually in its distribution areas of Ahmedabad, Gandhinagar, Surat and Dahej SEZ (Gujarat), in Bhiwandi (Maharashtra) and in Agra (Uttar Pradesh). The cables unit of the company manufactures Power & Control Cables and is one of the market leaders in HT Power Cable segment with a manufacturing capability of up to 132 kV XLPE Cables. Torrent Power Ltd was incorporated on April 29, 2004 as a Private Limited Company with the name 'Torrent Power Trading Pvt. Ltd.' In January 25, 2006, name of the company was changed to Torrent Power Private Ltd. In February 8, 2006, Company converted into Public Limited Company and the name was changed to Torrent Power Ltd. In the year 2006, as per the Scheme of Amalgamation, Torrent Power AEC Ltd, Torrent Power SEC Ltd and Torrent Power Generation Ltd were amalgamated with the Company with effect from April 1, 2005. In July 28, 2006, the Company divested their stake partially in AEC Cements & Constructions Ltd, a non-material and non-listed subsidiary and hence AEC Cements & Constructions Ltd ceased to be a Subsidiary Company. In October 19, 2006, Torrent Power Grid Ltd (erstwhile Torrent Power Transmission Pvt Ltd), a joint venture company with Power Grid Corporation of India Ltd became a subsidiary of the company. In December 20, 2006, the company signed a distribution franchise agreement with Maharashtra State Electricity Distribution Company Ltd for the Bhiwandi circle in Maharashtra for a period of ten years. In January 26, 2007, the company commenced Distribution Franchise for Bhiwandi circle of Maharashtra State Electricity Distribution Company Ltd catering to 1.4 lakh customers with an unrestricted demand of about 700 MW. In May 2007, the company signed a memorandum of understanding (MoU) with Gujarat Power Corporation for setting up over 1000-MW coal based power project at Pipavav, Amreli Dist in Gujarat. During the year 2007-08, the company added 321 Distribution Transformers of 11 kV at Ahmedabad, Gandhinagar and Surat. They also commissioned the first phase of 220 kV Transmission Lines project at Surat. In September 25, 2007, the company formed a subsidiary company, namely Torrent Pipavav Generation Ltd for the development of coal based thermal project. During the year 2008-09, the company added 352 Distribution Transformers of 11 kv at Ahmedabad, Gandhinagar and Surat. The company's subsidiary, Torrent Power Grid Ltd, a joint venture with PGCIL, commissioned the first phase of evacuation arrangement by construction of 26 km Jhanor-Vapi LILO line. The company also installed and commissioned transmission lines to connect SUGEN plant with 220 kv Kim sub-station of GETCO. During the year, the company was awarded the Distribution Franchise to Agra and Kanpur Distribution Circles for a period of 20 years. In September 2008, the company formed Torrent Power Bhiwandi Ltd (formerly known as Torrent Power Distribution Services Ltd) as a subsidiary company for providing infrastructural and manpower support for Bhiwandi operations of the company. In October 2008, the company entered into a Power Purchase Agreement with Gujarat Paguthan Energy Corporation Pvt Ltd for supply of 49.6 MW wind power. Simultaneously, the company is also evaluating the establishment of their own wind and solar power generation. In March 2009, Torrent Energy Ltd became a subsidiary of the company, which is formed for setting up a 1500 MW gas based combined cycle power plant in Dahej SEZ. The company signed Fuel Supply Agreement (FSA) with South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, for meeting requirements of their coal based generating station at Sabarmati. The FSA is effective for a period of 5 years from April 1, 2009. In May 2009, the Uttar Pradesh Power Corporation Ltd (UPPCL) has entered into an agreement with the company for power distribution in Kanpur and Agra. During the year 2009-10, the company signed the shareholders' agreement with Gujarat Power Corporation Ltd for implementation of the 1000+ MW Coal-Based Power Project at Pipavav, Dist. Amreli, Gujarat. Torrent Power Grid Ltd, a subsidiary company commissioned the second phase of power transmission line (80 km. double circuit 400 kV transmission lines) i.e. Gandhar-Dehgam Loop in Loop out (LILO) at SUGEN to facilitate power supply from SUGEN to Ahmedabad. In August 15, 2009, the company fully commissioned their ambitious SUGEN Mega Power Project. In September 30, 2009, the company commissioned 1147.5 MW SUGEN Mega Power Project and was dedicated to the nation. The company was awarded the distribution franchise for Agra and Kanpur distribution circles for a period of 20 years. They commenced distribution operations at Agra from April 1, 2010.Torrent Energy Limited (TEL) became the Distribution Licensee for Dahej SEZ and in April 4, 2010, they commenced the distribution of power. During the year 2010-11, the company divested their shareholding from Torrent Power Bhiwandi Ltd (TPBL). TPBL, therefore, ceased to be a subsidiary of the company. The Company commenced distribution franchisee operations at Agra effective from April 1, 2010. The company forayed into the thrust area of renewable energy by conceptualizing the 44 MW wind power generation project. They signed an agreement with Enercon (India) Ltd to commission this project at Lalpur, District Jamnagar, Gujarat. The company signed an MoU with the Government of Uttar Pradesh for development of 1,320 MW Coal Based Power Plant at Sandila, Dist. Hardoi, Uttar Pradesh which is in its initial stage of development. During the year 2010-11, Torrent Power Grid Limited, a subsidiary of the Torrent Power Limited, commissioned the third and final phase of 144.5 kms, 400 kV Double Circuit line, part of transmission infrastructure from SUGEN Generating Station to Pirana sub-station of PGCIL with Loop in Loop out (LILO) at 400 kV sub-station of the company at Pirana . From 1 April 2010, Torrent Power commenced operations as distribution franchise for Agra circle, Uttar Pradesh. On 2 July 2010,Torrent Power and its subsidiary Torrent Energy Limited awarded EPC contract to Siemens for implementing UNOSUGEN (382.5 MW combined cycle gas based Power Plant at its existing SUGEN Plant's location) and DGEN (1200 MW combined cycle gas based Power Plant at Dahej SEZ) respectively. Torrent Energy Limited became the Distribution Licensee for Dahej SEZ and distribution of power commenced on 4 April 2010. During the year 2010-11, the 382.5 MW UNOSUGEN, the brown field expansion to SUGEN Power Plant, received Mega Power Project Status from the Ministry of Power, environmental clearance from MoEF and connectivity approval from Central Transmission Utility. During the year under review, the central transmission utility granted connectivity and Long Term Open Access for 1200 MW DGEN Power Plant. On 22 March 2012, Torrent Power successfully commissioned its first 49.6 MW Wind Power Plant at Lalpur, District Jamnagar, Gujarat. On 10 April 2012, the Ministry of Commerce & Industry granted Torrent Energy Limited the status of Co-Developer at Dahej SEZ area. On 28 November 2011, 1196.85 DGEN Power Project obtained provisional Mega Power status by Ministry of Power, Govt. of India. During the year 2011-12, Torrent Energy Limited successfully implemented the 400 kV Double Circuit Transmission line with triple snowbird conductor from DGEN Generating Station to PGCIL's Navsari Sub-station for Connectivity with the Inter-state Transmission System. On 30 April 2013, the company successfully uprates the 110 MW coal based F station of AMGEN (the 422 MW coal based power plant) to 121 MW and synchronises the same with the grid. On 21 October 2013, the company successfully uprates the 110 MW coal based E station of AMGEN, to 121 MW and synchronises the same with the grid. During the year 2013-14, DGEN (the 1200 MW combined cycle gas based Power Plant at Dahej SEZ) and UNOSUGEN (the brown field expansion to SUGEN Power Plant) were successfully registered with United Nations Framework Convention on Climate Change under the Clean Development Mechanism. During the year under review, Torrent Power put into commercial operation the 382.5 MW UNOSUGEN Power Project.During the year 2014-15, Torrent Power successfully commissioned the 1200 MW DGEN Power Project at Dahej SEZ, District Bharuch, Gujarat. During the year under review, Torrent Power commissioned the 51 MW Solar Photovoltaic (PV) Power Plant at the Charanka Solar Park in Gujarat. Torrent Energy Limited and Torrent Cables Limited amalgamated with Torrent Power Limited with effective date of 1 October 2015 and appointed date of 1 April 2014 pursuant to the order of the High Court of Gujarat sanctioning the Composite Scheme of Amalgamation. During the year 2015-16, Torrent Power inked an agreement for regasification and storage capacity with Petronet LNG Limited up to 1 MMTPA for 20 years starting from April 2017. During the year under review, Torrent Power successfully commissioned the 81 MW GENSU Solar Power Project adjacent to SUGEN Plant in a cost effective manner. During the year under review, Torrent Power awarded EPC contract to Suzlon Energy Limited for implementing 201.6 MW Wind Power Project in Kutch and Bhavnagar districts in Gujarat. It also awarded EPC contract to M/s. Wind World India Ltd. for implementing 136.8 MW Wind Power Project in Rajkot and Surendranagar districts in Gujarat. The Board of Directors of Torrent Power Limited at its meeting held on 18 May 2016 approved the draft Scheme of Arrangement between Torrent Solargen Limited (TSL) (formerly known as Torrent Power Bhiwandi Limited), the wholly owned subsidiary of the company and Torrent Power Limited (TPL). The Scheme provides for the transfer and vesting of the solar and wind energy undertakings of TSL to the TPL on a going concern basis by way of slump sale for a lumpsum cash consideration of Rs 80.63 crore with effect from the appointed date of 1 April 2015. On 14 February 2018, Torrent Power Limited announced that the company has entered into a contract with Siemens Gamesa Renewable Power Private Limited for setting up of wind power projects upto the aggregate capacity of 120 MW. The arrangement includes acquiring of the 100% share capital of the two SPVs established for the purpose of development and implementation of the said projects at Rs 1 lakh each from Siemens Gamesa Renewable Power Private Limited. On 7 March 2018, Torrent Power Limited announced that the company participated in the competitive bidding process, followed by the Reverse E-Auction process held on 6 March 2018 by Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for procurement of power on long term basis from 500 MW grid connected wind power projects, and emerged as a winner in the auction for setting up of 124.4 MW project. The said capacity of 124.4 MW will be developed in the state of Maharashtra. The project shall be commissioned within 18 months from the date of execution of the PPA, as specified by MSEDCL. On 26 September 2018, Torrent Power Limited announced that the company participated in the competitive bidding process (by way of E-reverse auction process) conducted by Solar Energy Corporation of India Ltd. (SECI) on 25 September 2018 for setting-up of 1200 MW ISTS connected wind power projects and emerged as one of the winning bidders for capacity of 115 MW project. As of FY 2020-21, Company had executed renewable projects, aggregating to around 787 MW, spanning solar and wind energy. During the year 2020-21, the Scheme of Arrangement was formed between the Company and TCL Cables Pvt. Ltd., a wholly owned subsidiary of the Company, for transfer and vesting of its Cables Business Undertaking on a going concern basis, with effect from the appointed date being April 01, 2020, for a cash consideration of Rs. 256.95 Crore, which was approved by the National Company Law Tribunal (NCLT), Ahmedabad Bench vide its Order dated December 17, 2020 and Scheme became operative w.e.f. January 15, 2021. During the year 2021-22, Company acquired 51% stake in power distribution company of Dadra & Nagar Haveli and Daman & Diu Union Territory spanning an area of 603 sq. kms, which was taken over with effect from April 1, 2022. It expanded Renewable Energy portfolio (both solar and wind) by acquiring 231 MW of additional capacities, which grew to 1,018 MW and expanded reach to States like Rajasthan and Madhya Pradesh. It commissioned an additional 66 kV cable connectivity between the Puna and AK Road (K) substation and the Bhatar and Kailash Nagar (H) substation at Surat. It replaced old and obsolete networks including paper-insulated lead-covered (PILC) cable with cross-linked polyethylene (XLPE) cable, T-jointed/ LC wire network with XLPE cable network etc. It acquired three renewable projects in line to strengthen renewable business, to expand their operational renewable portfolio by 231 MW, including 156 MW of wind and 75 MW of solar. During the year 2023, the Company added an additional 50 MW capacity, taking the total acquired capacity to 281 MW and the total operational capacity to 1,068 MW. It acquired 50 MW Solar Power Plant at Kamareddy, Telangana. It acquired 100% of the share capital and all securities of Sunshakti Solar Power Projects Private Limited (SSPPPL) and 100% Equity Share Capital of Wind Two Renergy Private Limited (WTRPL). The 27 MW Wind Power Project was commissioned on May 27, 2023.

Managing Director

Founded

2004

NSE Symbol

TORNTPOWER

Name	Designation
Sudhir U Mehta	Chairman Emeritus
Samir Mehta	Executive Chairman
JINAL SUDHIRBHAI MEHTA	Vice Chairman & M.D.
Rahul Shah	Company Sec. & Compli. Officer
Usha Sangwan	Non-Exec. & Independent Dir.
Ketan Dalal	Independent Director
Radhika Haribhakti	Non-Exec. & Independent Dir.
MAMTA VERMA	Nominee (Gujarat Govt)
Varun Mehta	Non Executive Director
A S Diwanji	Independent Director
Sunil Mathur	Independent Director
Jigish Bhogilal Mehta	Whole Time Director

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Torrent Power Ltd FAQs

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Torrent Power Ltd shares in BlinkX.

The share price of any stock is volatile and changes during the day due to a variety of variables. Torrent Power Ltd's share price is ₹1556.85 as of 2024-07-26.

Torrent Power Ltd's P/E ratio is 42.69 times as of 2024-07-26.

Torrent Power Ltd's most recent financial reports indicate a price-to-book ratio of 6.2, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalization, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Torrent Power Ltd's market capitalization is ₹74788.78 Cr as on 2024-07-26.

The current financial records of Torrent Power Ltd show a 15.6% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Torrent Power Ltd's most recent financial filings, the company has a total asset value of ₹7650.56, which includes current and non-current assets such as inventory, cash, properties, and equipment.

The 52-week high/low price of a Torrent Power Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Torrent Power Ltd's 52-week high and low as of 2024-07-26 are ₹1574 and ₹1536.95, respectively.

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