Torrent Power（532779）株式概要トレント・パワー社は、その子会社とともに、インドで発電、送電、配電を行っている。 詳細532779 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長2/6過去の実績2/6財務の健全性3/6配当金3/6報酬株価収益率（ 30.6 x）は、 Electric Utilities業界平均（ 35.9 x）を下回っています。収益は年間10.49%増加すると予測されています リスク分析1.36%の配当はフリーキャッシュフローで十分にカバーされていない 多額の負債を抱えている すべてのリスクチェックを見る532779 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₹Current Price₹1.47k0.5% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0522b2016201920222025202620282031Revenue ₹522.5bEarnings ₹43.6bAdvancedSet Fair ValueView all narrativesTorrent Power Limited 競合他社Tata PowerSymbol: BSE:500400Market cap: ₹1.3tSJVNSymbol: NSEI:SJVNMarket cap: ₹290.0bCESCSymbol: NSEI:CESCMarket cap: ₹242.4bAdani Energy SolutionsSymbol: NSEI:ADANIENSOLMarket cap: ₹1.8t価格と性能株価の高値、安値、推移の概要Torrent Power過去の株価現在の株価₹1,468.7552週高値₹1,824.0052週安値₹1,188.00ベータ0.801ヶ月の変化-13.57%3ヶ月変化-6.21%1年変化3.14%3年間の変化159.40%5年間の変化239.83%IPOからの変化1,977.44%最新ニュースReported Earnings • May 13Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: ₹47.95 (down from ₹61.23 in FY 2025). Revenue: ₹289.7b (flat on FY 2025). Net income: ₹24.2b (down 19% from FY 2025). Profit margin: 8.3% (down from 10% in FY 2025). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 06Torrent Power Limited to Report Q4, 2026 Results on May 12, 2026Torrent Power Limited announced that they will report Q4, 2026 results on May 12, 2026お知らせ • Feb 16Torrent Power Limited (NSEI:TORNTPOWER) agreed to acquire Nabha Power Limited from L&T Power Development Limited for an enterprise value of INR 68.9 billion.Torrent Power Limited (NSEI:TORNTPOWER) agreed to acquire Nabha Power Limited from L&T Power Development Limited for an enterprise value of INR 68.9 billion on February 16, 2026. As part of consideration, INR 36.61 billion is paid towards common equity and convertible instruments. As per the transaction, Enterprise Value of Nabha Power Limited is INR 68.9 billion net of cash, comprising of INR 36.61 billion for equity and convertible instruments, repayment of promoter loan of INR 4.9 billion & net debt of INR 27.3 billion as on 31st March 2025 implying EV / EBITDA multiple of 5.97x. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is on of before June 30, 2026. Dibyanshu Sinha, Raja Kishore, Sathyajith Nair, Prateek Bhandari, Divya Chaturvedi, Saransh Shaw, Pranjal Prateek and Soham Banerjee of Khaitan & Co. acted as legal advisor for Torrent Power Ltd. Avirup Nag and Ankit Sahoo of Saraf and Partners Law Offices acted as legal advisor for Larsen & Toubro.Declared Dividend • Feb 12Dividend increased to ₹15.00Dividend of ₹15.00 is 7.1% higher than last year. Ex-date: 16th February 2026 Payment date: 12th March 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 11Third quarter 2026 earnings: EPS and revenues exceed analyst expectationsThird quarter 2026 results: EPS: ₹12.76 (up from ₹9.76 in 3Q 2025). Revenue: ₹67.8b (up 4.3% from 3Q 2025). Net income: ₹6.43b (up 35% from 3Q 2025). Profit margin: 9.5% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 03Torrent Power Limited to Report Q3, 2026 Results on Feb 10, 2026Torrent Power Limited announced that they will report Q3, 2026 results on Feb 10, 2026最新情報をもっと見るRecent updatesReported Earnings • May 13Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: ₹47.95 (down from ₹61.23 in FY 2025). Revenue: ₹289.7b (flat on FY 2025). Net income: ₹24.2b (down 19% from FY 2025). Profit margin: 8.3% (down from 10% in FY 2025). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 06Torrent Power Limited to Report Q4, 2026 Results on May 12, 2026Torrent Power Limited announced that they will report Q4, 2026 results on May 12, 2026お知らせ • Feb 16Torrent Power Limited (NSEI:TORNTPOWER) agreed to acquire Nabha Power Limited from L&T Power Development Limited for an enterprise value of INR 68.9 billion.Torrent Power Limited (NSEI:TORNTPOWER) agreed to acquire Nabha Power Limited from L&T Power Development Limited for an enterprise value of INR 68.9 billion on February 16, 2026. As part of consideration, INR 36.61 billion is paid towards common equity and convertible instruments. As per the transaction, Enterprise Value of Nabha Power Limited is INR 68.9 billion net of cash, comprising of INR 36.61 billion for equity and convertible instruments, repayment of promoter loan of INR 4.9 billion & net debt of INR 27.3 billion as on 31st March 2025 implying EV / EBITDA multiple of 5.97x. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is on of before June 30, 2026. Dibyanshu Sinha, Raja Kishore, Sathyajith Nair, Prateek Bhandari, Divya Chaturvedi, Saransh Shaw, Pranjal Prateek and Soham Banerjee of Khaitan & Co. acted as legal advisor for Torrent Power Ltd. Avirup Nag and Ankit Sahoo of Saraf and Partners Law Offices acted as legal advisor for Larsen & Toubro.Declared Dividend • Feb 12Dividend increased to ₹15.00Dividend of ₹15.00 is 7.1% higher than last year. Ex-date: 16th February 2026 Payment date: 12th March 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 11Third quarter 2026 earnings: EPS and revenues exceed analyst expectationsThird quarter 2026 results: EPS: ₹12.76 (up from ₹9.76 in 3Q 2025). Revenue: ₹67.8b (up 4.3% from 3Q 2025). Net income: ₹6.43b (up 35% from 3Q 2025). Profit margin: 9.5% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 03Torrent Power Limited to Report Q3, 2026 Results on Feb 10, 2026Torrent Power Limited announced that they will report Q3, 2026 results on Feb 10, 2026Reported Earnings • Nov 12Second quarter 2026 earnings released: EPS: ₹14.36 (vs ₹10.01 in 2Q 2025)Second quarter 2026 results: EPS: ₹14.36 (up from ₹10.01 in 2Q 2025). Revenue: ₹78.8b (up 9.8% from 2Q 2025). Net income: ₹7.24b (up 51% from 2Q 2025). Profit margin: 9.2% (up from 6.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 05Torrent Power Limited to Report Q2, 2026 Results on Nov 11, 2025Torrent Power Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Nov 11, 2025お知らせ • Sep 24Torrent Power Limited (NSEI:TORNTPOWER) acquired 49% stake in Newzone India Private Limited from Sarawagi Family and related HUFs.Torrent Power Limited (NSEI:TORNTPOWER) acquired 49% stake in Newzone India Private Limited from Sarawagi Family and related HUFs on September 23, 2025. A cash consideration will be paid by Torrent Power Limited. In a related transaction, Torrent Power Limited also acquired 100% stake in Newzone Power Projects Private Limited and both transactions have a combined acquisition value of INR 2.1 billion. Torrent Power Limited (NSEI:TORNTPOWER) completed the acquisition of 49% stake in Newzone India Private Limited from Sarawagi Family and related HUFs on September 23, 2025.お知らせ • Sep 18JSW Neo Reportedly Frontrunner to Acquire Statkraft's HP Hydro Power UnitJSW Neo Energy Limited has emerged the frontrunner to buy Statkraft's Himachal Pradesh hydro power unit that houses a project on the Tidong tributary of the Sutlej River, said sources familiar with the matter. Its offer pegs the enterprise value of the unit at INR 12,000 million-14,000 million, they said. A deal could be signed within days. KKR-backed Serentica Renewables India Private Limited and Torrent Power Limited (NSEI:TORNTPOWER) had also made offers for the hydro power unit, as per the sources. Statkraft is said to have already incurred the majority of the project capital expenditure of around INR 20,000 million. The project is being set up with a capacity to generate 150 MW of power though it is not yet operational. The physical attributes of the project include an 8 km-long head race tunnel built through mountainous terrain that will convey water to the power station, a 110 metre high surge shaft, a 1,200 metre long pressure shaft and a surface power house. Norway government-owned Statkraft is exiting India and has put all its assets on the block.お知らせ • Aug 08JSW Neo Energy, Blackstone and Serentica Renewables Reportedly Submit Binding Financial Bids for Statkraft's Wind and Solar Energy Assets in IndiaJSW Neo Energy Limited, Blackstone Inc. (NYSE:BX) and KKR-backed Serentica Renewables India Private Limited have submitted binding financial bids for Statkraft's wind and solar energy assets in India on August 6, 2025, when the deadline for bids expired, according to sources aware of the matter. The bids were submitted after a three-month due diligence process. Norwegian government-owned Statkraft is exiting India and selling its assets in two lots. The first lot consists of the wind and solar assets. Bids for the second lot comprising hydro power assets are due on August 16. Adani Green Energy Limited (NSEI:ADANIGREEN) and Torrent Power Limited (NSEI:TORNTPOWER) are likely to bid for those, according to people cited earlier. Statkraft has put a $1.5 billion enterprise value tag on the entire India portfolio. JSW Neo Energy, Blackstone and KKR declined to comment. Adani Green Energy and Torrent Power had not responded to ET's queries until press time. "We were among the selected bidders for the Statkraft portfolio in April, post which we conducted our diligence. We are submitting our binding offers for Statkraft's wind and solar portfolio and are confident of closing this transaction," said a Serentica spokesperson. Statkraft-Europe's largest renewable power company-announced its intention on October 23 last year to exit the Indian business. In a statement from its global chief executive officer Birgitte Ringstad Vartdal, the company said it was prioritising investments in Norway, Europe and South America.お知らせ • Jul 30Torrent Power Limited to Report Q1, 2026 Results on Aug 05, 2025Torrent Power Limited announced that they will report Q1, 2026 results on Aug 05, 2025お知らせ • Jul 25Torrent Reportedly in Talks to Buy L&T’s Power Unit for $1 BillionTorrent Power Limited (NSEI:TORNTPOWER) is in talks to buy the thermal business unit of Larsen & Toubro Limited (BSE:500510) for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers on the potential transaction, the people said, asking not to be identified because the deliberations are private. A disposal would help L&T raise cash to reduce its debt, the people said.Reported Earnings • Jul 12Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹61.23 (up from ₹38.14 in FY 2024). Revenue: ₹291.7b (up 7.3% from FY 2024). Net income: ₹29.9b (up 63% from FY 2024). Profit margin: 10% (up from 6.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 41% per year.お知らせ • Jul 10Torrent Power Limited, Annual General Meeting, Aug 05, 2025Torrent Power Limited, Annual General Meeting, Aug 05, 2025, at 09:30 Indian Standard Time.Declared Dividend • Jun 04Final dividend of ₹5.00 announcedShareholders will receive a dividend of ₹5.00. Ex-date: 6th June 2025 Payment date: 4th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (202% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 15Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹61.23 (up from ₹38.14 in FY 2024). Revenue: ₹291.7b (up 7.3% from FY 2024). Net income: ₹29.9b (up 63% from FY 2024). Profit margin: 10% (up from 6.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 10Torrent Power Limited to Report Q4, 2025 Results on May 14, 2025Torrent Power Limited announced that they will report Q4, 2025 results on May 14, 2025Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹1,499, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Electric Utilities industry in India. Total returns to shareholders of 231% over the past three years.お知らせ • Mar 19Top Business Groups Reportedly Line Up for JALJSW Steel Limited (BSE:500228), Dalmia Bharat Limited (NSEI:DALBHARAT), Jindal Power Limited, Vedanta Limited (NSEI:VEDL, GMR Energy Limited, Welspun Corp. Limited (BSE:532144) and Torrent Power Limited(NSEI:TORNTPOWER) are among the top business groups that have submitted expressions of interest (EoIs) for Jaiprakash Associates Limited (BSE:532532) (JAL), which will go under the hammer in a court-monitored insolvency proceeding, according to people aware of the matter. The Adani Group (Adani Enterprises Limited (BSE:512599)) is also expected to submit an EoI before the final deadline of March 25 as is another large Delhi-based industrial house, they said. Kotak Alternate Asset Managers Limited is also in the fray. The assets may be worth over $2 billion or INR 173.00 billion as per sources familiar with preliminary discussions on their valuation. The EoIs are the first stage in the bidding process as lenders look to find a new owner for JAL. Participants at the EoI stage may not necessarily submit bids, said the people cited. A National Company Law Tribunal (NCLT) bench last week instructed Bhuvan Madan, the company’s Deloitte-backed resolution professional, to invite resolution plans that would take into account all of JAL’s assets and not parts of the portfolio separately. The earlier plan had been to market the company in a piecemeal manner to potential buyers and invite interest for individual assets that were partitioned into separate clusters. That plan was struck down by NCLT. Dalmia Bharat, Jindal Power, Welspun, Torrent, Adani, GMR and Kotak Alternate Assets did not respond to ET’s queries. JSW, Vedanta and JAL’s resolution professional declined to comment.Price Target Changed • Feb 11Price target decreased by 8.3% to ₹1,377Down from ₹1,501, the current price target is an average from 9 analysts. New target price is 7.5% above last closing price of ₹1,280. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₹51.31 for next year compared to ₹38.14 last year.Declared Dividend • Feb 06Dividend increased to ₹14.00Dividend of ₹14.00 is 17% higher than last year. Ex-date: 12th February 2025 Payment date: 6th March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but not covered by cash flows (270% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 05Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: ₹9.76 (up from ₹7.49 in 3Q 2024). Revenue: ₹65.0b (up 2.1% from 3Q 2024). Net income: ₹4.76b (up 32% from 3Q 2024). Profit margin: 7.3% (up from 5.7% in 3Q 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 7.3%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 38% per year.お知らせ • Feb 04Torrent Power Limited Approves Interim Dividend for Fiscal Year 2024-2025, Payable on or Before March 6, 2025Torrent Power Limited announced that at its board meeting held on February 4, 2025, approved the interim dividend for fiscal year 2024-2025 of INR 14 per equity share on 503,903,543 equity shares of INR 10 each. The dividend will be remitted on or before March 6, 2025 to the equity shareholders of the company, whose names appear on the register of members of the company and register of Beneficial Owners maintained by the Depositories as on the Record Date that is February 12, 2025 fixed for the purpose.お知らせ • Jan 29Torrent Power Limited to Report Q3, 2025 Results on Feb 04, 2025Torrent Power Limited announced that they will report Q3, 2025 results on Feb 04, 2025New Risk • Dec 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (74% net debt to equity). Dividend is not well covered by cash flows (270% cash payout ratio). Shareholders have been diluted in the past year (4.8% increase in shares outstanding).お知らせ • Dec 06Torrent Power Limited has completed a Follow-on Equity Offering in the amount of INR 34.999999 billion.Torrent Power Limited has completed a Follow-on Equity Offering in the amount of INR 34.999999 billion. Security Name: Equity Shares Security Type: Common Stock Securities Offered: 23,286,759 Price\Range: INR 1503 Transaction Features: Regulation S; Subsequent Direct Listingお知らせ • Dec 04Torrent Power Limited has filed a Follow-on Equity Offering.Torrent Power Limited has filed a Follow-on Equity Offering. Security Name: Equity Shares Security Type: Common Stock Price(minimum): INR 1555.75 Transaction Features: Regulation S; Subsequent Direct ListingReported Earnings • Nov 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: ₹10.01 (down from ₹10.94 in 2Q 2024). Revenue: ₹71.8b (up 3.1% from 2Q 2024). Net income: ₹4.81b (down 8.5% from 2Q 2024). Profit margin: 6.7% (down from 7.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 09Torrent Power Limited to Report Q2, 2025 Results on Nov 13, 2024Torrent Power Limited announced that they will report Q2, 2025 results on Nov 13, 2024Price Target Changed • Sep 27Price target increased by 9.9% to ₹1,548Up from ₹1,408, the current price target is an average from 11 analysts. New target price is 19% below last closing price of ₹1,907. Stock is up 158% over the past year. The company is forecast to post earnings per share of ₹54.93 for next year compared to ₹38.14 last year.Price Target Changed • Aug 02Price target increased by 9.2% to ₹1,330Up from ₹1,218, the current price target is an average from 11 analysts. New target price is 28% below last closing price of ₹1,851. Stock is up 177% over the past year. The company is forecast to post earnings per share of ₹57.00 for next year compared to ₹38.14 last year.Price Target Changed • Jul 31Price target increased by 8.0% to ₹1,301Up from ₹1,205, the current price target is an average from 11 analysts. New target price is 30% below last closing price of ₹1,867. Stock is up 181% over the past year. The company is forecast to post earnings per share of ₹54.51 for next year compared to ₹38.14 last year.お知らせ • Jul 31+ 1 more updateTorrent Power Limited Approves Board ChangesTorrent Power Limited at its AGM held on July 30, 2024 approved appointment of Jinal Mehta to the position of Vice-Chairman of the company. The company also approved Appointment of Jigish Mehta (DIN: 09054778) in the category of Whole-Time Director and Designated as Director (Generation) of the Company. The company also approved appointment of Sunil Dass Mathur (DIN: 02261944) as an Independent Director of the Company.お知らせ • Jul 24Torrent Power Limited to Report Q1, 2025 Results on Jul 30, 2024Torrent Power Limited announced that they will report Q1, 2025 results on Jul 30, 2024お知らせ • Jul 16+ 1 more updateAdani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122).Adani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122) on July 15, 2024. The transaction is subject to approval of bankruptcy court.Reported Earnings • Jul 07Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₹38.14 (down from ₹44.06 in FY 2023). Revenue: ₹271.8b (up 5.8% from FY 2023). Net income: ₹18.3b (down 13% from FY 2023). Profit margin: 6.7% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 8.7%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 04Torrent Power Limited, Annual General Meeting, Jul 30, 2024Torrent Power Limited, Annual General Meeting, Jul 30, 2024, at 09:30 Indian Standard Time.お知らせ • Jun 10JSW, Torrent, Masdar Among Suitors for Enel's India AssetsAbout half a dozen investors, including Abu Dhabi Future Energy Company PJSC - Masdar of the UAE, Singapore's Sembcorp Industries Ltd. (SGX:U96), JSW Energy Limited (BSE:533148), Torrent Power Limited (NSEI:TORNTPOWER), Sekura Energy Limited and Oil and Natural Gas Corporation Limited (NSEI:ONGC), have submitted non-binding bids to acquire 760 MW of operational assets in India that have been put on the block by Italy's Enel Group, said people aware of the development. HSBC is advising Enel on the sale. The proposed deal may have an enterprise value of $500 million (INR 41.00 billion), the sources said. The portfolio of Enel Green Power India Private Limited comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW). Of the operational capacity, solar power projects comprise 420 MW, with the balance 340 MW coming from wind power. Last year, Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway's largest pension company, had together committed $100 million of equity and guarantees for a 168 MW wind power plant developed by Enel Green Power in India. In 2020, Norfund and Enel Green Power (EGP) entered into a joint investment agreement for renewable energy projects in India. Their first project together, the 420 MW Thar solar plant, was announced in 2022. Enel Green Power, founded in 2008 within the Enel Group to develop and manage renewable power projects globally, operates over 63 GW of installed renewable capacity at 1,300 plants in Asia, Europe, Africa and America. EGP had strengthened its position in India through an acquisition of a majority stake in renewable energy company BLP Energy for INR 30 million (INR 2.20 billion) in 2015.Enel, ONGC, Masdar and Sekura Energy spokespersons declined to comment. JSW, Sembcorp and Torrent didn't respond to queries. Energy producers such as Sekura Energy, Sembcorp and Masdar Energy are already in the race for several Indian renewable assets that are on the block. These three were among the contenders for the 2 GW renewable portfolio of Brookfield in India that's up for sale at an estimated enterprise value of $800 million - 1 billion (INR 66.00 billion - INR 83.00 billion). JSW Neo Energy and Sekura Energy are among the bidders that have made non-binding offers to acquire a controlling stake in Ayana Renewable Power, majority owned by National Investment and Infrastructure Fund (NIIF), at a valuation of about $2 billion, ET had reported. ONGC is another contender for several assets in the clean energy space as part of decarbonising its operations. ONGC plans to have a renewable energy capacity of 10 GW by 2030 at an investment of INR 1 lakh crore. The outlook for the renewable energy (RE) sector remains stable, led by strong policy support from the government, superior tariff competitiveness and sustainability initiatives by large commercial and industrial (C&I) customers.Declared Dividend • Jun 03Final dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 14th June 2024 Payment date: 29th August 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • May 25Price target increased by 12% to ₹1,119Up from ₹996, the current price target is an average from 10 analysts. New target price is 20% below last closing price of ₹1,399. Stock is up 153% over the past year. The company is forecast to post earnings per share of ₹50.56 for next year compared to ₹38.14 last year.お知らせ • May 24+ 2 more updatesTorrent Power Limited announced that it expects to receive INR 50 billion in fundingTorrent Power Limited announced a private placement or a Qualified Institutional Placement that it will issue equity shares or Convertible Bonds or Convertible Debentures or other securities convertible into equity shares at the option of the Company for the aggregate gross proceeds of INR 50,000,000,000 on May 22, 2024. The company may receive funding in one or more tranches. The transaction has been approved by the board of directors of the company and is subject to the approval of the Members in the ensuing AGM of the Company.Reported Earnings • May 23Full year 2024 earnings released: EPS: ₹38.14 (vs ₹44.06 in FY 2023)Full year 2024 results: EPS: ₹38.14 (down from ₹44.06 in FY 2023). Revenue: ₹275.3b (up 7.1% from FY 2023). Net income: ₹18.3b (down 13% from FY 2023). Profit margin: 6.7% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 18Torrent Power Limited to Report Q4, 2024 Results on May 22, 2024Torrent Power Limited announced that they will report Q4, 2024 results on May 22, 2024Buy Or Sell Opportunity • Apr 02Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 55% to ₹1,465. The fair value is estimated to be ₹1,187, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.Valuation Update With 7 Day Price Move • Mar 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹1,418, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Electric Utilities industry in India. Total returns to shareholders of 266% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,185 per share.Price Target Changed • Feb 12Price target increased by 7.5% to ₹891Up from ₹829, the current price target is an average from 10 analysts. New target price is 21% below last closing price of ₹1,132. Stock is up 147% over the past year. The company is forecast to post earnings per share of ₹42.69 for next year compared to ₹44.06 last year.Reported Earnings • Feb 10Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: ₹7.49 (down from ₹14.24 in 3Q 2023). Revenue: ₹64.2b (flat on 3Q 2023). Net income: ₹3.60b (down 47% from 3Q 2023). Profit margin: 5.6% (down from 11% in 3Q 2023). Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Feb 09Upcoming dividend of ₹10.00 per share at 1.1% yieldEligible shareholders must have bought the stock before 16 February 2024. Payment date: 09 March 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Within top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (2.6%).お知らせ • Feb 08+ 1 more updateTorrent Power Limited Announces Board ChangesTorrent Power Limited announced that at its Board at its Meeting held on February 08, 2024, considered and approved the following: acceded to the desire of Sudhir Mehta to step down as the Director of the Company while continuing as Chairman Emeritus (without Board position) effective from April 01, 2024 and noted that the second and final term (from April 01, 2019 to March 31, 2024) of Keki Mistry (DIN: 00008886) and Pankaj Patel (DIN: 00131852), Independent Directors of the Company, will end from close of business hours on March 31, 2024.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹1,162, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Electric Utilities industry in India. Total returns to shareholders of 293% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹662 per share.Declared Dividend • Feb 03First half dividend of ₹10.00 announcedShareholders will receive a dividend of ₹10.00. Ex-date: 16th February 2024 Payment date: 9th March 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Dec 18Price target increased by 9.2% to ₹756Up from ₹693, the current price target is an average from 9 analysts. New target price is 19% below last closing price of ₹932. Stock is up 81% over the past year. The company is forecast to post earnings per share of ₹45.50 for next year compared to ₹44.06 last year.Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹942, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Electric Utilities industry in India. Total returns to shareholders of 229% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹754 per share.Price Target Changed • Nov 14Price target increased by 7.1% to ₹693Up from ₹646, the current price target is an average from 8 analysts. New target price is 16% below last closing price of ₹822. Stock is up 58% over the past year. The company is forecast to post earnings per share of ₹44.57 for next year compared to ₹44.06 last year.Reported Earnings • Nov 11Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: ₹10.94 (up from ₹10.02 in 2Q 2023). Revenue: ₹70.7b (up 5.5% from 2Q 2023). Net income: ₹5.26b (up 9.2% from 2Q 2023). Profit margin: 7.4% (up from 7.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 37% per year.Price Target Changed • Nov 10Price target increased by 7.2% to ₹650Up from ₹607, the current price target is an average from 8 analysts. New target price is 16% below last closing price of ₹778. Stock is up 53% over the past year. The company is forecast to post earnings per share of ₹46.00 for next year compared to ₹44.06 last year.お知らせ • Nov 04Torrent Power Limited to Report Q2, 2024 Results on Nov 09, 2023Torrent Power Limited announced that they will report Q2, 2024 results on Nov 09, 2023Price Target Changed • Sep 29Price target increased by 7.8% to ₹607Up from ₹563, the current price target is an average from 8 analysts. New target price is 18% below last closing price of ₹739. Stock is up 52% over the past year. The company is forecast to post earnings per share of ₹46.55 for next year compared to ₹44.06 last year.お知らせ • Aug 11Torrent Power Limited Approves Payment of Final Dividend for the Financial Year Ended March 31, 2023Torrent Power Limited approved payment of final dividend INR 4.00 per equity share for the Financial Year ended March 31, 2023 at its AGM held on August 10, 2023.お知らせ • Aug 04Torrent Power Limited to Report Q1, 2024 Results on Aug 10, 2023Torrent Power Limited announced that they will report Q1, 2024 results on Aug 10, 2023お知らせ • Jul 26Torrent Power Limited Launches Public EV Charging StationsTorrent Power Ltd. has forayed into the Electric Mobility Infrastructure Sector. The initial set of 4 EV charging stations have been set up in Ahmedabad and 2 more are likely to be launched in Surat soon with more cities to be added in the near future. Mr. M Thennarasan, Commissioner of Ahmedabad Municipal Corporation, inaugurated the 4 EV Charing Stations from Torrent Power's office at Prahladnagar, Ahmedabad which also houses one of the EV Charging Stations at 12 noon. The launch was done in the presence of Mr. Robert Demann, Executive Vice President Siemens India and Smart Infrastructure Head for South Asia at Siemens Ltd. This is a major step towards a greener, cleaner and more sustainable future for the citizens of Ahmedabad and Surat. Electric vehicles emit zero pollutants and have the potential to significantly reduce emissions and improve air quality in cities. A robust Public EV charging infrastructure is important to drive a revolution in the transportation sector by encouraging people to switch to electric vehicles and making it more convenient for them to do so.Reported Earnings • Jul 19Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: ₹44.06 (up from ₹9.45 in FY 2022). Revenue: ₹256.9b (up 80% from FY 2022). Net income: ₹21.2b (up 366% from FY 2022). Profit margin: 8.2% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 15Torrent Power Limited, Annual General Meeting, Aug 10, 2023Torrent Power Limited, Annual General Meeting, Aug 10, 2023, at 09:30 Indian Standard Time. Agenda: To consider adoption of standalone financial statements; to consider adoption of consolidated financial statements; to consider confirmation of interim dividend and declaration of final dividend; to consider re-appointment of jinal mehta as a director; and to transact such other business matter.Upcoming Dividend • Jun 09Upcoming dividend of ₹4.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 16 June 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Within top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (4.5%).Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₹695, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electric Utilities industry in India. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹304 per share.Price Target Changed • May 31Price target increased by 7.6% to ₹542Up from ₹504, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹552. Stock is up 15% over the past year. The company is forecast to post earnings per share of ₹38.35 for next year compared to ₹44.06 last year.Reported Earnings • May 30Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: ₹44.06 (up from ₹9.45 in FY 2022). Revenue: ₹260.8b (up 83% from FY 2022). Net income: ₹21.2b (up 366% from FY 2022). Profit margin: 8.1% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in India are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 30Torrent Power Limited Recommends Final Dividend, Payable on or Before September 08, 2023Torrent Power Limited recommended to the Members a Final Dividend of INR 4 per equity share on 480,616,784 nos. of equity shares of INR 10 each. The final dividend, if declared by the Members at the up coming AGM will be paid to the Members subject to deduction of tax at source on or before September 08, 2023. Earlier an Interim Dividend of 22 per equity share (including 13 per equity share as a special dividend) was paid during Fourth Quarter Fiscal Year 2022-23.お知らせ • May 23Torrent Power Limited to Report Q4, 2023 Results on May 29, 2023Torrent Power Limited announced that they will report Q4, 2023 results on May 29, 2023Buying Opportunity • May 09Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be ₹660, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period.お知らせ • May 05Reliance, Adani, Vedanta Reportedly Among Companies in Race for Bhadreshwar VidyutReliance Industries Limited (NSEI:RELIANCE), Adani Power Limited (NSEI:ADANIPOWER), Torrent Power Limited (NSEI:TORNTPOWER), Vedanta Limited (NSEI:VEDL) and Jindal Power Limited are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut Private Limited, which is undergoing insolvency, said people aware of the development. This is the third bankrupt power producer for which two of the country's corporate houses - Reliance Industries and the Adani Group - have shown interest. They had earlier offered resolution plans for SKS Power and Lanco Amarkantak Power, but both conglomerates did not aggressively pursue the bids, one of the persons cited above said. Resolutions of both SKS Power and Lanco Amarkantak are yet to be concluded. Both Reliance and the Adani Group had also submitted expressions of interest for Future Retail, which was admitted for insolvency last year. Reliance Industries, Adani Power, Torrent Power, Vedanta, and Jindal Power did not respond to ET's request for comment. Other applicants for Bhadreshwar Vidyut include Sherisha Technologies Private Limited, which recently acquired a 22.7% stake in Anil Jain's Refex Industries. backed by Alvarez and Marsal, admitted INR 34,630 million in claims, which include INR 29,360 million of financial creditors' claims. He did not respond to ET's request for comment. J P Iscon, Kandla Agro and Chemicals and Kutch Chemicals Industries also submitted initial bids, the people said. Prudent Asset Reconstruction Co's RKG Fund, UAE-based Global vs Commodity Services (FZE) and an individual, M K Rajagopalan, also showed interest. Progressive Star Finance, in partnership with BVPL Employees Benefit Trust, and Sanjana Cryogenic Storages, in partnership with Sterling Power Ventures, also responded to expressions of interest (EoI).Buying Opportunity • Apr 17Now 22% undervaluedOver the last 90 days, the stock is up 7.7%. The fair value is estimated to be ₹669, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period.Buying Opportunity • Mar 13Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ₹668, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 10%. Revenue is forecast to grow by 9.2% in 2 years. Earnings is forecast to grow by 95% in the next 2 years.お知らせ • Feb 15+ 1 more updateTorrent Power Limited Announces Interim Dividend for Fiscal Year 2022-2023, Payable on or After March 09, 2023Torrent Power Limited at the Board meeting held on February 14, 2023, approved interim dividend for fiscal year 2022-23 of INR 9 per equity share. The dividend will be remitted on or after March 09, 2023 to the equity shareholders of the Company, whose names appear on the register of members of the Company and register of beneficial owners maintained by the depositories as on the record date on February 22, 2023 fixed for the purpose.Reported Earnings • Feb 15Third quarter 2023 earnings released: EPS: ₹14.24 (vs ₹7.66 in 3Q 2022)Third quarter 2023 results: EPS: ₹14.24 (up from ₹7.66 in 3Q 2022). Revenue: ₹65.3b (up 73% from 3Q 2022). Net income: ₹6.85b (up 86% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Feb 09Torrent Power Limited (NSEI:TORNTPOWER) signed binding term sheet to acquire Airpower Windfarms Private Limited from Powerica Limited and Vestas Wind Technology India Private Limited for INR 217.4 million.Torrent Power Limited (NSEI:TORNTPOWER) signed binding term sheet to acquire Airpower Windfarms Private Limited from Powerica Limited and Vestas Wind Technology India Private Limited for INR 217.4 million on February 8, 2023. Upon acquisition, the Company will have right to appoint Directors on the board of Sellers.お知らせ • Feb 07Torrent Power Limited to Report Q3, 2023 Results on Feb 14, 2023Torrent Power Limited announced that they will report Q3, 2023 results on Feb 14, 2023お知らせ • Jan 11Adani, Shell, Actis Reportedly Vying for VRETMore than 10 major energy sector players round off the list of companies willing to buy Virescent Renewable Energy Trust Fund (NSEI:VIRESCENT) of KKR & Co. Inc. (NYSE:KKR) and its 500-MWp-plus solar portfolio, The Economic Times reported. Included in the list are Adani Green Energy Limited (NSEI:ADANIGREEN) and Torrent Power Limited (NSEI:TORNTPOWER), as well as Actis LLP and Shell plc (LSE:SHEL). KKR's portfolio is housed in the VRET. According to its website, the entity has a portfolio of 16 operational solar parks across seven Indian states totalling 538 MWp. The platform is on sale for $550 million (€513.1 million), knowledgeable sources have said. The suitors have made non-binding offers for Virescent, according to the insiders. KKR is now expected to shortlist the candidates who will proceed to the next round of talks and due diligence. JPMorgan is assisting KKR in the sale, plans for which were first reported in October 2022.お知らせ • Jan 02Torrent Power Reportedly in Talks with ReNew to Buy 1.1GW Clean Energy CapacityTorrent Power Limited (NSEI:TORNTPOWER) is in talks to buy clean power projects totalling 1.1 gigawatts (GW) from ReNew Energy Global Plc (NasdaqGS:RNW) at an enterprise value of around $1.2 billion, two people aware of the development said. Torrent Power has submitted a non-binding offer (NBO) for ReNew's solar and wind power assets of 350 megawatts (MW) and 750MW, respectively, at an equity value of around $450 million, the people cited above said on the condition of anonymity, adding discussions on valuation are continuing. "No sell-side bank has been appointed for this transaction by ReNew. The talks over valuation are underway between Torrent and ReNew," one of the two people cited above said. While a ReNew Energy Global Plc spokesperson declined to comment, queries mailed to Torrent Power spokesperson remained unanswered till press time.株主還元532779IN Electric UtilitiesIN 市場7D-0.7%1.6%2.0%1Y3.1%8.7%0.4%株主還元を見る業界別リターン: 532779過去 1 年間で8.7 % の収益を上げたIndian Electric Utilities業界を下回りました。リターン対市場: 532779過去 1 年間で0.4 % の収益を上げたIndian市場を上回りました。価格変動Is 532779's price volatile compared to industry and market?532779 volatility532779 Average Weekly Movement6.0%Electric Utilities Industry Average Movement6.0%Market Average Movement7.2%10% most volatile stocks in IN Market10.2%10% least volatile stocks in IN Market4.8%安定した株価: 532779 、 Indian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 532779の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20047,969Jinal Mehtawww.torrentpower.comトレント・パワー社は、その子会社とともに、インドで発電、送電、配電を行っている。発電容量3,092メガワットの火力発電所、ピーク時発電容量2,077メガワットの太陽光発電所、発電容量2,199メガワットの風力発電所を所有している。また、アーメダバード市、ガンディナガール市、スラート市、ダドラ・ナガルハベリ市、ダマン＆ディウ市、ダヘジ市、ドレラ市（面積2,050平方キロメートル）で配電を行い、ビワンディ市、アグラ市、シル・ムンブラ・カルワ市（面積約1,007平方キロメートル）では配電のフランチャイジーとして事業を展開している。また、電力ケーブルの製造・供給も行っている。同社は2004年に設立され、インドのアーメダバードを拠点としている。Torrent Power Limitedは、Torrent Investments Private Limitedの子会社である。もっと見るTorrent Power Limited 基礎のまとめTorrent Power の収益と売上を時価総額と比較するとどうか。532779 基礎統計学時価総額₹739.98b収益（TTM）₹24.16b売上高(TTM)₹289.66b30.6xPER（株価収益率2.6xP/Sレシオ532779 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計532779 損益計算書（TTM）収益₹289.66b売上原価₹205.92b売上総利益₹83.75bその他の費用₹59.58b収益₹24.16b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）47.95グロス・マージン28.91%純利益率8.34%有利子負債／自己資本比率69.7%532779 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.4%現在の配当利回り42%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 06:27終値2026/05/26 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Torrent Power Limited 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関Vishal Biraia360 ONE Capital Market Private LimitedSatyadeep JainAmbit Capitalnull nullAntique Stockbroking Ltd.13 その他のアナリストを表示
Reported Earnings • May 13Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: ₹47.95 (down from ₹61.23 in FY 2025). Revenue: ₹289.7b (flat on FY 2025). Net income: ₹24.2b (down 19% from FY 2025). Profit margin: 8.3% (down from 10% in FY 2025). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 06Torrent Power Limited to Report Q4, 2026 Results on May 12, 2026Torrent Power Limited announced that they will report Q4, 2026 results on May 12, 2026
お知らせ • Feb 16Torrent Power Limited (NSEI:TORNTPOWER) agreed to acquire Nabha Power Limited from L&T Power Development Limited for an enterprise value of INR 68.9 billion.Torrent Power Limited (NSEI:TORNTPOWER) agreed to acquire Nabha Power Limited from L&T Power Development Limited for an enterprise value of INR 68.9 billion on February 16, 2026. As part of consideration, INR 36.61 billion is paid towards common equity and convertible instruments. As per the transaction, Enterprise Value of Nabha Power Limited is INR 68.9 billion net of cash, comprising of INR 36.61 billion for equity and convertible instruments, repayment of promoter loan of INR 4.9 billion & net debt of INR 27.3 billion as on 31st March 2025 implying EV / EBITDA multiple of 5.97x. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is on of before June 30, 2026. Dibyanshu Sinha, Raja Kishore, Sathyajith Nair, Prateek Bhandari, Divya Chaturvedi, Saransh Shaw, Pranjal Prateek and Soham Banerjee of Khaitan & Co. acted as legal advisor for Torrent Power Ltd. Avirup Nag and Ankit Sahoo of Saraf and Partners Law Offices acted as legal advisor for Larsen & Toubro.
Declared Dividend • Feb 12Dividend increased to ₹15.00Dividend of ₹15.00 is 7.1% higher than last year. Ex-date: 16th February 2026 Payment date: 12th March 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 11Third quarter 2026 earnings: EPS and revenues exceed analyst expectationsThird quarter 2026 results: EPS: ₹12.76 (up from ₹9.76 in 3Q 2025). Revenue: ₹67.8b (up 4.3% from 3Q 2025). Net income: ₹6.43b (up 35% from 3Q 2025). Profit margin: 9.5% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 03Torrent Power Limited to Report Q3, 2026 Results on Feb 10, 2026Torrent Power Limited announced that they will report Q3, 2026 results on Feb 10, 2026
Reported Earnings • May 13Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: ₹47.95 (down from ₹61.23 in FY 2025). Revenue: ₹289.7b (flat on FY 2025). Net income: ₹24.2b (down 19% from FY 2025). Profit margin: 8.3% (down from 10% in FY 2025). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 06Torrent Power Limited to Report Q4, 2026 Results on May 12, 2026Torrent Power Limited announced that they will report Q4, 2026 results on May 12, 2026
お知らせ • Feb 16Torrent Power Limited (NSEI:TORNTPOWER) agreed to acquire Nabha Power Limited from L&T Power Development Limited for an enterprise value of INR 68.9 billion.Torrent Power Limited (NSEI:TORNTPOWER) agreed to acquire Nabha Power Limited from L&T Power Development Limited for an enterprise value of INR 68.9 billion on February 16, 2026. As part of consideration, INR 36.61 billion is paid towards common equity and convertible instruments. As per the transaction, Enterprise Value of Nabha Power Limited is INR 68.9 billion net of cash, comprising of INR 36.61 billion for equity and convertible instruments, repayment of promoter loan of INR 4.9 billion & net debt of INR 27.3 billion as on 31st March 2025 implying EV / EBITDA multiple of 5.97x. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is on of before June 30, 2026. Dibyanshu Sinha, Raja Kishore, Sathyajith Nair, Prateek Bhandari, Divya Chaturvedi, Saransh Shaw, Pranjal Prateek and Soham Banerjee of Khaitan & Co. acted as legal advisor for Torrent Power Ltd. Avirup Nag and Ankit Sahoo of Saraf and Partners Law Offices acted as legal advisor for Larsen & Toubro.
Declared Dividend • Feb 12Dividend increased to ₹15.00Dividend of ₹15.00 is 7.1% higher than last year. Ex-date: 16th February 2026 Payment date: 12th March 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 11Third quarter 2026 earnings: EPS and revenues exceed analyst expectationsThird quarter 2026 results: EPS: ₹12.76 (up from ₹9.76 in 3Q 2025). Revenue: ₹67.8b (up 4.3% from 3Q 2025). Net income: ₹6.43b (up 35% from 3Q 2025). Profit margin: 9.5% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 03Torrent Power Limited to Report Q3, 2026 Results on Feb 10, 2026Torrent Power Limited announced that they will report Q3, 2026 results on Feb 10, 2026
Reported Earnings • Nov 12Second quarter 2026 earnings released: EPS: ₹14.36 (vs ₹10.01 in 2Q 2025)Second quarter 2026 results: EPS: ₹14.36 (up from ₹10.01 in 2Q 2025). Revenue: ₹78.8b (up 9.8% from 2Q 2025). Net income: ₹7.24b (up 51% from 2Q 2025). Profit margin: 9.2% (up from 6.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 05Torrent Power Limited to Report Q2, 2026 Results on Nov 11, 2025Torrent Power Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Nov 11, 2025
お知らせ • Sep 24Torrent Power Limited (NSEI:TORNTPOWER) acquired 49% stake in Newzone India Private Limited from Sarawagi Family and related HUFs.Torrent Power Limited (NSEI:TORNTPOWER) acquired 49% stake in Newzone India Private Limited from Sarawagi Family and related HUFs on September 23, 2025. A cash consideration will be paid by Torrent Power Limited. In a related transaction, Torrent Power Limited also acquired 100% stake in Newzone Power Projects Private Limited and both transactions have a combined acquisition value of INR 2.1 billion. Torrent Power Limited (NSEI:TORNTPOWER) completed the acquisition of 49% stake in Newzone India Private Limited from Sarawagi Family and related HUFs on September 23, 2025.
お知らせ • Sep 18JSW Neo Reportedly Frontrunner to Acquire Statkraft's HP Hydro Power UnitJSW Neo Energy Limited has emerged the frontrunner to buy Statkraft's Himachal Pradesh hydro power unit that houses a project on the Tidong tributary of the Sutlej River, said sources familiar with the matter. Its offer pegs the enterprise value of the unit at INR 12,000 million-14,000 million, they said. A deal could be signed within days. KKR-backed Serentica Renewables India Private Limited and Torrent Power Limited (NSEI:TORNTPOWER) had also made offers for the hydro power unit, as per the sources. Statkraft is said to have already incurred the majority of the project capital expenditure of around INR 20,000 million. The project is being set up with a capacity to generate 150 MW of power though it is not yet operational. The physical attributes of the project include an 8 km-long head race tunnel built through mountainous terrain that will convey water to the power station, a 110 metre high surge shaft, a 1,200 metre long pressure shaft and a surface power house. Norway government-owned Statkraft is exiting India and has put all its assets on the block.
お知らせ • Aug 08JSW Neo Energy, Blackstone and Serentica Renewables Reportedly Submit Binding Financial Bids for Statkraft's Wind and Solar Energy Assets in IndiaJSW Neo Energy Limited, Blackstone Inc. (NYSE:BX) and KKR-backed Serentica Renewables India Private Limited have submitted binding financial bids for Statkraft's wind and solar energy assets in India on August 6, 2025, when the deadline for bids expired, according to sources aware of the matter. The bids were submitted after a three-month due diligence process. Norwegian government-owned Statkraft is exiting India and selling its assets in two lots. The first lot consists of the wind and solar assets. Bids for the second lot comprising hydro power assets are due on August 16. Adani Green Energy Limited (NSEI:ADANIGREEN) and Torrent Power Limited (NSEI:TORNTPOWER) are likely to bid for those, according to people cited earlier. Statkraft has put a $1.5 billion enterprise value tag on the entire India portfolio. JSW Neo Energy, Blackstone and KKR declined to comment. Adani Green Energy and Torrent Power had not responded to ET's queries until press time. "We were among the selected bidders for the Statkraft portfolio in April, post which we conducted our diligence. We are submitting our binding offers for Statkraft's wind and solar portfolio and are confident of closing this transaction," said a Serentica spokesperson. Statkraft-Europe's largest renewable power company-announced its intention on October 23 last year to exit the Indian business. In a statement from its global chief executive officer Birgitte Ringstad Vartdal, the company said it was prioritising investments in Norway, Europe and South America.
お知らせ • Jul 30Torrent Power Limited to Report Q1, 2026 Results on Aug 05, 2025Torrent Power Limited announced that they will report Q1, 2026 results on Aug 05, 2025
お知らせ • Jul 25Torrent Reportedly in Talks to Buy L&T’s Power Unit for $1 BillionTorrent Power Limited (NSEI:TORNTPOWER) is in talks to buy the thermal business unit of Larsen & Toubro Limited (BSE:500510) for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers on the potential transaction, the people said, asking not to be identified because the deliberations are private. A disposal would help L&T raise cash to reduce its debt, the people said.
Reported Earnings • Jul 12Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹61.23 (up from ₹38.14 in FY 2024). Revenue: ₹291.7b (up 7.3% from FY 2024). Net income: ₹29.9b (up 63% from FY 2024). Profit margin: 10% (up from 6.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 41% per year.
お知らせ • Jul 10Torrent Power Limited, Annual General Meeting, Aug 05, 2025Torrent Power Limited, Annual General Meeting, Aug 05, 2025, at 09:30 Indian Standard Time.
Declared Dividend • Jun 04Final dividend of ₹5.00 announcedShareholders will receive a dividend of ₹5.00. Ex-date: 6th June 2025 Payment date: 4th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (202% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 15Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹61.23 (up from ₹38.14 in FY 2024). Revenue: ₹291.7b (up 7.3% from FY 2024). Net income: ₹29.9b (up 63% from FY 2024). Profit margin: 10% (up from 6.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 10Torrent Power Limited to Report Q4, 2025 Results on May 14, 2025Torrent Power Limited announced that they will report Q4, 2025 results on May 14, 2025
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹1,499, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Electric Utilities industry in India. Total returns to shareholders of 231% over the past three years.
お知らせ • Mar 19Top Business Groups Reportedly Line Up for JALJSW Steel Limited (BSE:500228), Dalmia Bharat Limited (NSEI:DALBHARAT), Jindal Power Limited, Vedanta Limited (NSEI:VEDL, GMR Energy Limited, Welspun Corp. Limited (BSE:532144) and Torrent Power Limited(NSEI:TORNTPOWER) are among the top business groups that have submitted expressions of interest (EoIs) for Jaiprakash Associates Limited (BSE:532532) (JAL), which will go under the hammer in a court-monitored insolvency proceeding, according to people aware of the matter. The Adani Group (Adani Enterprises Limited (BSE:512599)) is also expected to submit an EoI before the final deadline of March 25 as is another large Delhi-based industrial house, they said. Kotak Alternate Asset Managers Limited is also in the fray. The assets may be worth over $2 billion or INR 173.00 billion as per sources familiar with preliminary discussions on their valuation. The EoIs are the first stage in the bidding process as lenders look to find a new owner for JAL. Participants at the EoI stage may not necessarily submit bids, said the people cited. A National Company Law Tribunal (NCLT) bench last week instructed Bhuvan Madan, the company’s Deloitte-backed resolution professional, to invite resolution plans that would take into account all of JAL’s assets and not parts of the portfolio separately. The earlier plan had been to market the company in a piecemeal manner to potential buyers and invite interest for individual assets that were partitioned into separate clusters. That plan was struck down by NCLT. Dalmia Bharat, Jindal Power, Welspun, Torrent, Adani, GMR and Kotak Alternate Assets did not respond to ET’s queries. JSW, Vedanta and JAL’s resolution professional declined to comment.
Price Target Changed • Feb 11Price target decreased by 8.3% to ₹1,377Down from ₹1,501, the current price target is an average from 9 analysts. New target price is 7.5% above last closing price of ₹1,280. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₹51.31 for next year compared to ₹38.14 last year.
Declared Dividend • Feb 06Dividend increased to ₹14.00Dividend of ₹14.00 is 17% higher than last year. Ex-date: 12th February 2025 Payment date: 6th March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but not covered by cash flows (270% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 05Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: ₹9.76 (up from ₹7.49 in 3Q 2024). Revenue: ₹65.0b (up 2.1% from 3Q 2024). Net income: ₹4.76b (up 32% from 3Q 2024). Profit margin: 7.3% (up from 5.7% in 3Q 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 7.3%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 38% per year.
お知らせ • Feb 04Torrent Power Limited Approves Interim Dividend for Fiscal Year 2024-2025, Payable on or Before March 6, 2025Torrent Power Limited announced that at its board meeting held on February 4, 2025, approved the interim dividend for fiscal year 2024-2025 of INR 14 per equity share on 503,903,543 equity shares of INR 10 each. The dividend will be remitted on or before March 6, 2025 to the equity shareholders of the company, whose names appear on the register of members of the company and register of Beneficial Owners maintained by the Depositories as on the Record Date that is February 12, 2025 fixed for the purpose.
お知らせ • Jan 29Torrent Power Limited to Report Q3, 2025 Results on Feb 04, 2025Torrent Power Limited announced that they will report Q3, 2025 results on Feb 04, 2025
New Risk • Dec 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (74% net debt to equity). Dividend is not well covered by cash flows (270% cash payout ratio). Shareholders have been diluted in the past year (4.8% increase in shares outstanding).
お知らせ • Dec 06Torrent Power Limited has completed a Follow-on Equity Offering in the amount of INR 34.999999 billion.Torrent Power Limited has completed a Follow-on Equity Offering in the amount of INR 34.999999 billion. Security Name: Equity Shares Security Type: Common Stock Securities Offered: 23,286,759 Price\Range: INR 1503 Transaction Features: Regulation S; Subsequent Direct Listing
お知らせ • Dec 04Torrent Power Limited has filed a Follow-on Equity Offering.Torrent Power Limited has filed a Follow-on Equity Offering. Security Name: Equity Shares Security Type: Common Stock Price(minimum): INR 1555.75 Transaction Features: Regulation S; Subsequent Direct Listing
Reported Earnings • Nov 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: ₹10.01 (down from ₹10.94 in 2Q 2024). Revenue: ₹71.8b (up 3.1% from 2Q 2024). Net income: ₹4.81b (down 8.5% from 2Q 2024). Profit margin: 6.7% (down from 7.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 09Torrent Power Limited to Report Q2, 2025 Results on Nov 13, 2024Torrent Power Limited announced that they will report Q2, 2025 results on Nov 13, 2024
Price Target Changed • Sep 27Price target increased by 9.9% to ₹1,548Up from ₹1,408, the current price target is an average from 11 analysts. New target price is 19% below last closing price of ₹1,907. Stock is up 158% over the past year. The company is forecast to post earnings per share of ₹54.93 for next year compared to ₹38.14 last year.
Price Target Changed • Aug 02Price target increased by 9.2% to ₹1,330Up from ₹1,218, the current price target is an average from 11 analysts. New target price is 28% below last closing price of ₹1,851. Stock is up 177% over the past year. The company is forecast to post earnings per share of ₹57.00 for next year compared to ₹38.14 last year.
Price Target Changed • Jul 31Price target increased by 8.0% to ₹1,301Up from ₹1,205, the current price target is an average from 11 analysts. New target price is 30% below last closing price of ₹1,867. Stock is up 181% over the past year. The company is forecast to post earnings per share of ₹54.51 for next year compared to ₹38.14 last year.
お知らせ • Jul 31+ 1 more updateTorrent Power Limited Approves Board ChangesTorrent Power Limited at its AGM held on July 30, 2024 approved appointment of Jinal Mehta to the position of Vice-Chairman of the company. The company also approved Appointment of Jigish Mehta (DIN: 09054778) in the category of Whole-Time Director and Designated as Director (Generation) of the Company. The company also approved appointment of Sunil Dass Mathur (DIN: 02261944) as an Independent Director of the Company.
お知らせ • Jul 24Torrent Power Limited to Report Q1, 2025 Results on Jul 30, 2024Torrent Power Limited announced that they will report Q1, 2025 results on Jul 30, 2024
お知らせ • Jul 16+ 1 more updateAdani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122).Adani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122) on July 15, 2024. The transaction is subject to approval of bankruptcy court.
Reported Earnings • Jul 07Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ₹38.14 (down from ₹44.06 in FY 2023). Revenue: ₹271.8b (up 5.8% from FY 2023). Net income: ₹18.3b (down 13% from FY 2023). Profit margin: 6.7% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 8.7%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 04Torrent Power Limited, Annual General Meeting, Jul 30, 2024Torrent Power Limited, Annual General Meeting, Jul 30, 2024, at 09:30 Indian Standard Time.
お知らせ • Jun 10JSW, Torrent, Masdar Among Suitors for Enel's India AssetsAbout half a dozen investors, including Abu Dhabi Future Energy Company PJSC - Masdar of the UAE, Singapore's Sembcorp Industries Ltd. (SGX:U96), JSW Energy Limited (BSE:533148), Torrent Power Limited (NSEI:TORNTPOWER), Sekura Energy Limited and Oil and Natural Gas Corporation Limited (NSEI:ONGC), have submitted non-binding bids to acquire 760 MW of operational assets in India that have been put on the block by Italy's Enel Group, said people aware of the development. HSBC is advising Enel on the sale. The proposed deal may have an enterprise value of $500 million (INR 41.00 billion), the sources said. The portfolio of Enel Green Power India Private Limited comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW). Of the operational capacity, solar power projects comprise 420 MW, with the balance 340 MW coming from wind power. Last year, Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway's largest pension company, had together committed $100 million of equity and guarantees for a 168 MW wind power plant developed by Enel Green Power in India. In 2020, Norfund and Enel Green Power (EGP) entered into a joint investment agreement for renewable energy projects in India. Their first project together, the 420 MW Thar solar plant, was announced in 2022. Enel Green Power, founded in 2008 within the Enel Group to develop and manage renewable power projects globally, operates over 63 GW of installed renewable capacity at 1,300 plants in Asia, Europe, Africa and America. EGP had strengthened its position in India through an acquisition of a majority stake in renewable energy company BLP Energy for INR 30 million (INR 2.20 billion) in 2015.Enel, ONGC, Masdar and Sekura Energy spokespersons declined to comment. JSW, Sembcorp and Torrent didn't respond to queries. Energy producers such as Sekura Energy, Sembcorp and Masdar Energy are already in the race for several Indian renewable assets that are on the block. These three were among the contenders for the 2 GW renewable portfolio of Brookfield in India that's up for sale at an estimated enterprise value of $800 million - 1 billion (INR 66.00 billion - INR 83.00 billion). JSW Neo Energy and Sekura Energy are among the bidders that have made non-binding offers to acquire a controlling stake in Ayana Renewable Power, majority owned by National Investment and Infrastructure Fund (NIIF), at a valuation of about $2 billion, ET had reported. ONGC is another contender for several assets in the clean energy space as part of decarbonising its operations. ONGC plans to have a renewable energy capacity of 10 GW by 2030 at an investment of INR 1 lakh crore. The outlook for the renewable energy (RE) sector remains stable, led by strong policy support from the government, superior tariff competitiveness and sustainability initiatives by large commercial and industrial (C&I) customers.
Declared Dividend • Jun 03Final dividend of ₹4.00 announcedShareholders will receive a dividend of ₹4.00. Ex-date: 14th June 2024 Payment date: 29th August 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • May 25Price target increased by 12% to ₹1,119Up from ₹996, the current price target is an average from 10 analysts. New target price is 20% below last closing price of ₹1,399. Stock is up 153% over the past year. The company is forecast to post earnings per share of ₹50.56 for next year compared to ₹38.14 last year.
お知らせ • May 24+ 2 more updatesTorrent Power Limited announced that it expects to receive INR 50 billion in fundingTorrent Power Limited announced a private placement or a Qualified Institutional Placement that it will issue equity shares or Convertible Bonds or Convertible Debentures or other securities convertible into equity shares at the option of the Company for the aggregate gross proceeds of INR 50,000,000,000 on May 22, 2024. The company may receive funding in one or more tranches. The transaction has been approved by the board of directors of the company and is subject to the approval of the Members in the ensuing AGM of the Company.
Reported Earnings • May 23Full year 2024 earnings released: EPS: ₹38.14 (vs ₹44.06 in FY 2023)Full year 2024 results: EPS: ₹38.14 (down from ₹44.06 in FY 2023). Revenue: ₹275.3b (up 7.1% from FY 2023). Net income: ₹18.3b (down 13% from FY 2023). Profit margin: 6.7% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 18Torrent Power Limited to Report Q4, 2024 Results on May 22, 2024Torrent Power Limited announced that they will report Q4, 2024 results on May 22, 2024
Buy Or Sell Opportunity • Apr 02Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 55% to ₹1,465. The fair value is estimated to be ₹1,187, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 47% in the next 2 years.
Valuation Update With 7 Day Price Move • Mar 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹1,418, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Electric Utilities industry in India. Total returns to shareholders of 266% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,185 per share.
Price Target Changed • Feb 12Price target increased by 7.5% to ₹891Up from ₹829, the current price target is an average from 10 analysts. New target price is 21% below last closing price of ₹1,132. Stock is up 147% over the past year. The company is forecast to post earnings per share of ₹42.69 for next year compared to ₹44.06 last year.
Reported Earnings • Feb 10Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: ₹7.49 (down from ₹14.24 in 3Q 2023). Revenue: ₹64.2b (flat on 3Q 2023). Net income: ₹3.60b (down 47% from 3Q 2023). Profit margin: 5.6% (down from 11% in 3Q 2023). Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Feb 09Upcoming dividend of ₹10.00 per share at 1.1% yieldEligible shareholders must have bought the stock before 16 February 2024. Payment date: 09 March 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Within top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (2.6%).
お知らせ • Feb 08+ 1 more updateTorrent Power Limited Announces Board ChangesTorrent Power Limited announced that at its Board at its Meeting held on February 08, 2024, considered and approved the following: acceded to the desire of Sudhir Mehta to step down as the Director of the Company while continuing as Chairman Emeritus (without Board position) effective from April 01, 2024 and noted that the second and final term (from April 01, 2019 to March 31, 2024) of Keki Mistry (DIN: 00008886) and Pankaj Patel (DIN: 00131852), Independent Directors of the Company, will end from close of business hours on March 31, 2024.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹1,162, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Electric Utilities industry in India. Total returns to shareholders of 293% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹662 per share.
Declared Dividend • Feb 03First half dividend of ₹10.00 announcedShareholders will receive a dividend of ₹10.00. Ex-date: 16th February 2024 Payment date: 9th March 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Dec 18Price target increased by 9.2% to ₹756Up from ₹693, the current price target is an average from 9 analysts. New target price is 19% below last closing price of ₹932. Stock is up 81% over the past year. The company is forecast to post earnings per share of ₹45.50 for next year compared to ₹44.06 last year.
Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹942, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Electric Utilities industry in India. Total returns to shareholders of 229% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹754 per share.
Price Target Changed • Nov 14Price target increased by 7.1% to ₹693Up from ₹646, the current price target is an average from 8 analysts. New target price is 16% below last closing price of ₹822. Stock is up 58% over the past year. The company is forecast to post earnings per share of ₹44.57 for next year compared to ₹44.06 last year.
Reported Earnings • Nov 11Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: ₹10.94 (up from ₹10.02 in 2Q 2023). Revenue: ₹70.7b (up 5.5% from 2Q 2023). Net income: ₹5.26b (up 9.2% from 2Q 2023). Profit margin: 7.4% (up from 7.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 37% per year.
Price Target Changed • Nov 10Price target increased by 7.2% to ₹650Up from ₹607, the current price target is an average from 8 analysts. New target price is 16% below last closing price of ₹778. Stock is up 53% over the past year. The company is forecast to post earnings per share of ₹46.00 for next year compared to ₹44.06 last year.
お知らせ • Nov 04Torrent Power Limited to Report Q2, 2024 Results on Nov 09, 2023Torrent Power Limited announced that they will report Q2, 2024 results on Nov 09, 2023
Price Target Changed • Sep 29Price target increased by 7.8% to ₹607Up from ₹563, the current price target is an average from 8 analysts. New target price is 18% below last closing price of ₹739. Stock is up 52% over the past year. The company is forecast to post earnings per share of ₹46.55 for next year compared to ₹44.06 last year.
お知らせ • Aug 11Torrent Power Limited Approves Payment of Final Dividend for the Financial Year Ended March 31, 2023Torrent Power Limited approved payment of final dividend INR 4.00 per equity share for the Financial Year ended March 31, 2023 at its AGM held on August 10, 2023.
お知らせ • Aug 04Torrent Power Limited to Report Q1, 2024 Results on Aug 10, 2023Torrent Power Limited announced that they will report Q1, 2024 results on Aug 10, 2023
お知らせ • Jul 26Torrent Power Limited Launches Public EV Charging StationsTorrent Power Ltd. has forayed into the Electric Mobility Infrastructure Sector. The initial set of 4 EV charging stations have been set up in Ahmedabad and 2 more are likely to be launched in Surat soon with more cities to be added in the near future. Mr. M Thennarasan, Commissioner of Ahmedabad Municipal Corporation, inaugurated the 4 EV Charing Stations from Torrent Power's office at Prahladnagar, Ahmedabad which also houses one of the EV Charging Stations at 12 noon. The launch was done in the presence of Mr. Robert Demann, Executive Vice President Siemens India and Smart Infrastructure Head for South Asia at Siemens Ltd. This is a major step towards a greener, cleaner and more sustainable future for the citizens of Ahmedabad and Surat. Electric vehicles emit zero pollutants and have the potential to significantly reduce emissions and improve air quality in cities. A robust Public EV charging infrastructure is important to drive a revolution in the transportation sector by encouraging people to switch to electric vehicles and making it more convenient for them to do so.
Reported Earnings • Jul 19Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: ₹44.06 (up from ₹9.45 in FY 2022). Revenue: ₹256.9b (up 80% from FY 2022). Net income: ₹21.2b (up 366% from FY 2022). Profit margin: 8.2% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 15Torrent Power Limited, Annual General Meeting, Aug 10, 2023Torrent Power Limited, Annual General Meeting, Aug 10, 2023, at 09:30 Indian Standard Time. Agenda: To consider adoption of standalone financial statements; to consider adoption of consolidated financial statements; to consider confirmation of interim dividend and declaration of final dividend; to consider re-appointment of jinal mehta as a director; and to transact such other business matter.
Upcoming Dividend • Jun 09Upcoming dividend of ₹4.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 16 June 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Within top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (4.5%).
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 26%After last week's 26% share price gain to ₹695, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Electric Utilities industry in India. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹304 per share.
Price Target Changed • May 31Price target increased by 7.6% to ₹542Up from ₹504, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹552. Stock is up 15% over the past year. The company is forecast to post earnings per share of ₹38.35 for next year compared to ₹44.06 last year.
Reported Earnings • May 30Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: ₹44.06 (up from ₹9.45 in FY 2022). Revenue: ₹260.8b (up 83% from FY 2022). Net income: ₹21.2b (up 366% from FY 2022). Profit margin: 8.1% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in India are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 30Torrent Power Limited Recommends Final Dividend, Payable on or Before September 08, 2023Torrent Power Limited recommended to the Members a Final Dividend of INR 4 per equity share on 480,616,784 nos. of equity shares of INR 10 each. The final dividend, if declared by the Members at the up coming AGM will be paid to the Members subject to deduction of tax at source on or before September 08, 2023. Earlier an Interim Dividend of 22 per equity share (including 13 per equity share as a special dividend) was paid during Fourth Quarter Fiscal Year 2022-23.
お知らせ • May 23Torrent Power Limited to Report Q4, 2023 Results on May 29, 2023Torrent Power Limited announced that they will report Q4, 2023 results on May 29, 2023
Buying Opportunity • May 09Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be ₹660, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period.
お知らせ • May 05Reliance, Adani, Vedanta Reportedly Among Companies in Race for Bhadreshwar VidyutReliance Industries Limited (NSEI:RELIANCE), Adani Power Limited (NSEI:ADANIPOWER), Torrent Power Limited (NSEI:TORNTPOWER), Vedanta Limited (NSEI:VEDL) and Jindal Power Limited are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut Private Limited, which is undergoing insolvency, said people aware of the development. This is the third bankrupt power producer for which two of the country's corporate houses - Reliance Industries and the Adani Group - have shown interest. They had earlier offered resolution plans for SKS Power and Lanco Amarkantak Power, but both conglomerates did not aggressively pursue the bids, one of the persons cited above said. Resolutions of both SKS Power and Lanco Amarkantak are yet to be concluded. Both Reliance and the Adani Group had also submitted expressions of interest for Future Retail, which was admitted for insolvency last year. Reliance Industries, Adani Power, Torrent Power, Vedanta, and Jindal Power did not respond to ET's request for comment. Other applicants for Bhadreshwar Vidyut include Sherisha Technologies Private Limited, which recently acquired a 22.7% stake in Anil Jain's Refex Industries. backed by Alvarez and Marsal, admitted INR 34,630 million in claims, which include INR 29,360 million of financial creditors' claims. He did not respond to ET's request for comment. J P Iscon, Kandla Agro and Chemicals and Kutch Chemicals Industries also submitted initial bids, the people said. Prudent Asset Reconstruction Co's RKG Fund, UAE-based Global vs Commodity Services (FZE) and an individual, M K Rajagopalan, also showed interest. Progressive Star Finance, in partnership with BVPL Employees Benefit Trust, and Sanjana Cryogenic Storages, in partnership with Sterling Power Ventures, also responded to expressions of interest (EoI).
Buying Opportunity • Apr 17Now 22% undervaluedOver the last 90 days, the stock is up 7.7%. The fair value is estimated to be ₹669, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period.
Buying Opportunity • Mar 13Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be ₹668, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 10%. Revenue is forecast to grow by 9.2% in 2 years. Earnings is forecast to grow by 95% in the next 2 years.
お知らせ • Feb 15+ 1 more updateTorrent Power Limited Announces Interim Dividend for Fiscal Year 2022-2023, Payable on or After March 09, 2023Torrent Power Limited at the Board meeting held on February 14, 2023, approved interim dividend for fiscal year 2022-23 of INR 9 per equity share. The dividend will be remitted on or after March 09, 2023 to the equity shareholders of the Company, whose names appear on the register of members of the Company and register of beneficial owners maintained by the depositories as on the record date on February 22, 2023 fixed for the purpose.
Reported Earnings • Feb 15Third quarter 2023 earnings released: EPS: ₹14.24 (vs ₹7.66 in 3Q 2022)Third quarter 2023 results: EPS: ₹14.24 (up from ₹7.66 in 3Q 2022). Revenue: ₹65.3b (up 73% from 3Q 2022). Net income: ₹6.85b (up 86% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electric Utilities industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Feb 09Torrent Power Limited (NSEI:TORNTPOWER) signed binding term sheet to acquire Airpower Windfarms Private Limited from Powerica Limited and Vestas Wind Technology India Private Limited for INR 217.4 million.Torrent Power Limited (NSEI:TORNTPOWER) signed binding term sheet to acquire Airpower Windfarms Private Limited from Powerica Limited and Vestas Wind Technology India Private Limited for INR 217.4 million on February 8, 2023. Upon acquisition, the Company will have right to appoint Directors on the board of Sellers.
お知らせ • Feb 07Torrent Power Limited to Report Q3, 2023 Results on Feb 14, 2023Torrent Power Limited announced that they will report Q3, 2023 results on Feb 14, 2023
お知らせ • Jan 11Adani, Shell, Actis Reportedly Vying for VRETMore than 10 major energy sector players round off the list of companies willing to buy Virescent Renewable Energy Trust Fund (NSEI:VIRESCENT) of KKR & Co. Inc. (NYSE:KKR) and its 500-MWp-plus solar portfolio, The Economic Times reported. Included in the list are Adani Green Energy Limited (NSEI:ADANIGREEN) and Torrent Power Limited (NSEI:TORNTPOWER), as well as Actis LLP and Shell plc (LSE:SHEL). KKR's portfolio is housed in the VRET. According to its website, the entity has a portfolio of 16 operational solar parks across seven Indian states totalling 538 MWp. The platform is on sale for $550 million (€513.1 million), knowledgeable sources have said. The suitors have made non-binding offers for Virescent, according to the insiders. KKR is now expected to shortlist the candidates who will proceed to the next round of talks and due diligence. JPMorgan is assisting KKR in the sale, plans for which were first reported in October 2022.
お知らせ • Jan 02Torrent Power Reportedly in Talks with ReNew to Buy 1.1GW Clean Energy CapacityTorrent Power Limited (NSEI:TORNTPOWER) is in talks to buy clean power projects totalling 1.1 gigawatts (GW) from ReNew Energy Global Plc (NasdaqGS:RNW) at an enterprise value of around $1.2 billion, two people aware of the development said. Torrent Power has submitted a non-binding offer (NBO) for ReNew's solar and wind power assets of 350 megawatts (MW) and 750MW, respectively, at an equity value of around $450 million, the people cited above said on the condition of anonymity, adding discussions on valuation are continuing. "No sell-side bank has been appointed for this transaction by ReNew. The talks over valuation are underway between Torrent and ReNew," one of the two people cited above said. While a ReNew Energy Global Plc spokesperson declined to comment, queries mailed to Torrent Power spokesperson remained unanswered till press time.
