View ValuationTorrent Power 향후 성장Future 기준 점검 2/6Torrent Power (는) 각각 연간 10.5% 및 12.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 10.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 13.3% 로 예상됩니다.핵심 정보10.5%이익 성장률10.60%EPS 성장률Electric Utilities 이익 성장14.3%매출 성장률12.5%향후 자기자본이익률13.31%애널리스트 커버리지Good마지막 업데이트14 May 2026최근 향후 성장 업데이트분석 기사 • May 15Torrent Power Limited (NSE:TORNTPOWER) Fell Short of Analyst Expectations: Here's What You Need To KnowThe analysts might have been a bit too bullish on Torrent Power Limited ( NSE:TORNTPOWER ), given that the company fell...분석 기사 • Feb 14Earnings Beat: Torrent Power Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsAs you might know, Torrent Power Limited ( NSE:TORNTPOWER ) just kicked off its latest quarterly results with some very...분석 기사 • Nov 14Earnings Update: Torrent Power Limited Beat Earnings And Now Analysts Have New Forecasts For This YearTorrent Power Limited ( NSE:TORNTPOWER ) defied analyst predictions to release its second-quarter results, which were...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 7.4% above last closing price of ₹1,282. Stock is up 15% 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.Price Target Changed • Sep 26Price 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 18% below last closing price of ₹1,889. Stock is up 157% 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 178% 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.모든 업데이트 보기Recent updates분석 기사 • May 15Torrent Power Limited (NSE:TORNTPOWER) Fell Short of Analyst Expectations: Here's What You Need To KnowThe analysts might have been a bit too bullish on Torrent Power Limited ( NSE:TORNTPOWER ), given that the company fell...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.내러티브 업데이트 • May 10TORNTPOWER: Elevated P/E And Dividend Plans Will Restrict Future ReturnsAnalysts have made only minor adjustments to their fair value estimate for Torrent Power, keeping the price target effectively unchanged at about ₹1,203. Small tweaks to the discount rate, revenue growth expectations, profit margin assumptions and future P/E estimates largely offset each other.공시 • 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, 2026내러티브 업데이트 • Apr 26TORNTPOWER: Elevated P/E And New Dividend Plans Will Limit Future UpsideAnalysts have raised the price target on Torrent Power slightly, from ₹1,190.09 to ₹1,202.96, reflecting updated assumptions around revenue growth, profit margin and future P/E levels. What's in the News Torrent Power declared an interim dividend of ₹15 per share for fiscal year 2025-26, with a record date of February 16, 2026 and a scheduled payment date of March 12, 2026 (Key Developments).내러티브 업데이트 • Apr 10TORNTPOWER: Measured Outlook As Dividend Plans And Debenture Funding Guide Future PerformanceAnalysts have nudged their fair value estimate for Torrent Power slightly higher, with the price target moving from ₹1,415.20 to ₹1,422.20. This change reflects updated assumptions around revenue growth, profit margins and future P/E expectations.내러티브 업데이트 • Mar 26TORNTPOWER: Board Actions On Dividend And Funding Will Shape Future PerformanceAnalysts now peg Torrent Power's fair value slightly lower at about ₹1,415 per share, down from roughly ₹1,420, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News Torrent Power declared an interim dividend of ₹15 per share for fiscal year 2025-26, with a record date of February 16, 2026 and a scheduled payment date of March 12, 2026 (company announcement).내러티브 업데이트 • Mar 12TORNTPOWER: Elevated P/E And Dividend Plans Will Restrain Future UpsideAnalysts have trimmed their price target on Torrent Power slightly from ₹1,210 to about ₹1,190, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Torrent Power declared an interim dividend of ₹15 per share for fiscal year 2025-26, with a record date of February 16, 2026, and a scheduled payment date of March 12, 2026 (company announcement).내러티브 업데이트 • Feb 26TORNTPOWER: Dividend Plans And Debenture Issue Will Support Measured Forward OutlookAnalysts have increased their price target on Torrent Power from ₹1,525 to ₹1,571. This reflects updated assumptions that combine higher projected revenue growth with slightly lower profit margins and a modestly reduced future P/E multiple.공시 • 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.분석 기사 • Feb 14Earnings Beat: Torrent Power Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsAs you might know, Torrent Power Limited ( NSE:TORNTPOWER ) just kicked off its latest quarterly results with some very...분석 기사 • Feb 13Torrent Power (NSE:TORNTPOWER) Has Announced That It Will Be Increasing Its Dividend To ₹15.00Torrent Power Limited ( NSE:TORNTPOWER ) will increase its dividend on the 12th of March to ₹15.00, which is 7.1...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.내러티브 업데이트 • Feb 11TORNTPOWER: Board Decisions On Dividend And Debentures Will Shape Balanced OutlookAnalysts have trimmed their price target on Torrent Power from ₹1,636 to ₹1,525, reflecting updated assumptions that combine higher projected revenue growth with a lower profit margin outlook, along with a slightly adjusted future P/E and discount rate. What's in the News A board meeting is scheduled on February 10, 2026 at 14:30 Indian Standard Time to review unaudited financial results for the quarter and nine months ended December 31, 2025, along with the statutory auditor's limited review reports (company filing).분석 기사 • Feb 06Torrent Power Limited's (NSE:TORNTPOWER) Business Is Yet to Catch Up With Its Share PriceIt's not a stretch to say that Torrent Power Limited's ( NSE:TORNTPOWER ) price-to-earnings (or "P/E") ratio of 23.9x...공시 • 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, 2026내러티브 업데이트 • Jan 27TORNTPOWER: Steady Fair Value And Elevated P/E Will Frame Upcoming UpdatesAnalysts have kept their fair value estimate for Torrent Power steady at ₹1,210, with only small tweaks to revenue growth, profit margin and forward P/E assumptions guiding this unchanged price target. What's in the News Torrent Power has scheduled an Analyst and Investor Day, giving management a platform to update the market on business plans, capital allocation, and operational priorities.내러티브 업데이트 • Jan 13TORNTPOWER: Elevated P/E Will Limit Upside Despite Upcoming Analyst DayAnalysts have kept their fair value estimate for Torrent Power steady at ₹1,210.00, with slightly revised assumptions around revenue growth, profit margin, and future P/E helping to refine rather than reset their overall view. What's in the News Torrent Power has scheduled an Analyst/Investor Day, giving management a platform to share its current priorities and explain how it is thinking about growth, capital allocation, and risks for shareholders (Key Developments).내러티브 업데이트 • Dec 15TORNTPOWER: Medium-Term Expansion Plans Will Support Balanced Risk Reward AheadAnalysts have raised their price target on Torrent Power from ₹1,050 to ₹1,210, citing stronger expected revenue growth despite slightly higher discount rates and moderating profit margins, which are still seen as compatible with a higher forward P/E multiple. What's in the News Torrent Power has scheduled an Analyst and Investor Day, where management is expected to outline medium term growth plans and capital allocation priorities.분석 기사 • Dec 05Does Torrent Power (NSE:TORNTPOWER) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...내러티브 업데이트 • Dec 01TORNTPOWER: Board Meeting Decisions And Hydro Power Acquisitions Will Guide Future PerformanceAnalysts have slightly raised their fair value estimate for Torrent Power from ₹1,418.40 to ₹1,419.91, citing modest adjustments to projected growth and margin expectations. What's in the News Torrent Power Limited held an Analyst/Investor Day and provided key updates on company strategy and performance (Key Developments).내러티브 업데이트 • Nov 17TORNTPOWER: Board Meeting And Hydro Power Bids Will Influence Near-Term OutlookAnalysts have raised their price target for Torrent Power from ₹1,388.30 to ₹1,418.40, citing updated forecasts and modest adjustments in key valuation metrics. What's in the News The Board of Torrent Power Limited will meet on November 11, 2025, to consider unaudited financial results for the quarter and half-year ended September 30, 2025 (Board Meeting).분석 기사 • Nov 14Earnings Update: Torrent Power Limited Beat Earnings And Now Analysts Have New Forecasts For This YearTorrent Power Limited ( NSE:TORNTPOWER ) defied analyst predictions to release its second-quarter results, which were...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.공시 • 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, 2025공시 • 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.공시 • 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.분석 기사 • Sep 12Torrent Power Limited's (NSE:TORNTPOWER) Low P/E No Reason For ExcitementWhen close to half the companies in India have price-to-earnings ratios (or "P/E's") above 28x, you may consider...내러티브 업데이트 • Sep 05Renewable And Energy Storage Expansion Will Build Future ValueWith no changes in the company’s revenue growth or net profit margin forecasts, Torrent Power’s consensus analyst price target has remained steady at ₹1388. What's in the News Torrent Power and Torrent Gas inaugurated Uttar Pradesh’s first and India’s largest green hydrogen and natural gas blending project in Gorakhpur, with 72 TPA capacity, supplying blended hydrogen via existing pipelines to households, CNG stations, and industries.공시 • 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.공시 • 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, 2025분석 기사 • Jul 30Increases to Torrent Power Limited's (NSE:TORNTPOWER) CEO Compensation Might Cool off for nowKey Insights Torrent Power will host its Annual General Meeting on 5th of August Salary of ₹173.1m is part of CEO Jinal...공시 • 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.분석 기사 • Jul 13Does Torrent Power (NSE:TORNTPOWER) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...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.공시 • Jul 10Torrent Power Limited, Annual General Meeting, Aug 05, 2025Torrent Power Limited, Annual General Meeting, Aug 05, 2025, at 09:30 Indian Standard Time.분석 기사 • Jun 25Here's What To Make Of Torrent Power's (NSE:TORNTPOWER) Decelerating Rates Of ReturnIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...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.공시 • 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 232% over the past three years.공시 • 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 7.4% above last closing price of ₹1,282. Stock is up 15% 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.공시 • 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.공시 • 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).공시 • 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 Listing공시 • 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 Listing새로운 내러티브 • Nov 25The Green Energy Expansion Will Power Robust Growth And Boost Profitability Strategic growth in renewable energy, green hydrogen projects, and land acquisitions positions Torrent Power for enhanced revenue and operational stability. 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.공시 • 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 26Price 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 18% below last closing price of ₹1,889. Stock is up 157% 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 178% 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 ₹1,866. 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.공시 • 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.공시 • 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, 2024공시 • 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.공시 • Jul 04Torrent Power Limited, Annual General Meeting, Jul 30, 2024Torrent Power Limited, Annual General Meeting, Jul 30, 2024, at 09:30 Indian Standard Time.공시 • 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 ₹1,401. Stock is up 154% 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.공시 • 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.공시 • 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 ₹1,420, 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 ₹1,187 per share.Major Estimate Revision • Feb 15Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₹47.36 to ₹42.10 per share. Revenue forecast steady at ₹280.7b. Net income forecast to grow 30% next year vs 14% growth forecast for Electric Utilities industry in India. Consensus price target up from ₹829 to ₹966. Share price was steady at ₹1,208 over the past week.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 ₹1,131. 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%).공시 • 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 ₹1,165, 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 ₹664 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 ₹931. 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 ₹941, 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.이익 및 매출 성장 예측NSEI:TORNTPOWER - 애널리스트 향후 추정치 및 과거 재무 데이터 (INR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2029428,17431,644-66,28983,55243/31/2028380,76131,895-35,21670,575103/31/2027345,42227,345-52,91957,342103/31/2026289,66324,164-22,40554,642N/A12/31/2025290,16631,578N/AN/AN/A9/30/2025287,38129,904-1,79649,938N/A6/30/2025280,37927,477N/AN/AN/A3/31/2025291,65329,8854,74748,049N/A12/31/2024292,37523,592N/AN/AN/A9/30/2024291,04222,4332,98645,691N/A6/30/2024288,89322,882N/AN/AN/A3/31/2024271,83218,3326,01942,584N/A12/31/2023266,92518,521N/AN/AN/A9/30/2023267,69221,76818,62847,186N/A6/30/2023265,11421,326N/AN/AN/A3/31/2023256,94121,1743,66734,558N/A12/31/2022233,99911,803N/AN/AN/A9/30/2022207,2458,638-3,75621,448N/A6/30/2022176,6907,495N/AN/AN/A3/31/2022142,5764,54013,58031,672N/A12/31/2021135,98113,390N/AN/AN/A9/30/2021127,83412,91421,04038,012N/A6/30/2021122,64511,249N/AN/AN/A3/31/2021121,72712,90916,91629,876N/A12/31/2020120,7206,191N/AN/AN/A9/30/2020121,9837,18017,67427,850N/A6/30/2020129,11612,715N/AN/AN/A3/31/2020136,40611,74222,53636,104N/A12/31/2019135,81914,730N/AN/AN/A9/30/2019137,56412,906N/A29,342N/A6/30/2019133,5909,484N/AN/AN/A3/31/2019131,5108,989N/A24,246N/A12/31/2018130,36510,919N/AN/AN/A9/30/2018125,31610,599N/AN/AN/A6/30/2018119,9639,654N/AN/AN/A3/31/2018115,1219,423N/A27,635N/A12/31/2017111,8158,611N/AN/AN/A9/30/2017107,5367,628N/AN/AN/A6/30/2017105,1615,861N/AN/AN/A3/31/2017100,0014,290N/A23,560N/A12/31/2016100,6213,296N/AN/AN/A9/30/2016107,6745,820N/AN/AN/A6/30/2016115,7236,881N/AN/AN/A3/31/2016117,1589,002N/A25,503N/A12/31/2015116,01510,195N/AN/AN/A9/30/2015112,7047,162N/AN/AN/A6/30/2015107,6194,469N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TORNTPOWER 의 연간 예상 수익 증가율(10.5%)이 saving rate(6.9%)보다 높습니다.수익 vs 시장: TORNTPOWER 의 연간 수익(10.5%)이 Indian 시장(16.3%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: TORNTPOWER 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: TORNTPOWER 의 수익(연간 12.5%)이 Indian 시장(연간 10.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: TORNTPOWER 의 수익(연간 12.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TORNTPOWER의 자본 수익률은 3년 후 13.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 11:40종가2026/05/22 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Torrent Power Limited는 16명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Vishal Biraia360 ONE Capital Market Private LimitedSatyadeep JainAmbit Capitalnull nullAntique Stockbroking Ltd.13명의 분석가 더 보기
분석 기사 • May 15Torrent Power Limited (NSE:TORNTPOWER) Fell Short of Analyst Expectations: Here's What You Need To KnowThe analysts might have been a bit too bullish on Torrent Power Limited ( NSE:TORNTPOWER ), given that the company fell...
분석 기사 • Feb 14Earnings Beat: Torrent Power Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsAs you might know, Torrent Power Limited ( NSE:TORNTPOWER ) just kicked off its latest quarterly results with some very...
분석 기사 • Nov 14Earnings Update: Torrent Power Limited Beat Earnings And Now Analysts Have New Forecasts For This YearTorrent Power Limited ( NSE:TORNTPOWER ) defied analyst predictions to release its second-quarter results, which were...
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 7.4% above last closing price of ₹1,282. Stock is up 15% 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.
Price Target Changed • Sep 26Price 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 18% below last closing price of ₹1,889. Stock is up 157% 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 178% 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.
분석 기사 • May 15Torrent Power Limited (NSE:TORNTPOWER) Fell Short of Analyst Expectations: Here's What You Need To KnowThe analysts might have been a bit too bullish on Torrent Power Limited ( NSE:TORNTPOWER ), given that the company fell...
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.
내러티브 업데이트 • May 10TORNTPOWER: Elevated P/E And Dividend Plans Will Restrict Future ReturnsAnalysts have made only minor adjustments to their fair value estimate for Torrent Power, keeping the price target effectively unchanged at about ₹1,203. Small tweaks to the discount rate, revenue growth expectations, profit margin assumptions and future P/E estimates largely offset each other.
공시 • 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
내러티브 업데이트 • Apr 26TORNTPOWER: Elevated P/E And New Dividend Plans Will Limit Future UpsideAnalysts have raised the price target on Torrent Power slightly, from ₹1,190.09 to ₹1,202.96, reflecting updated assumptions around revenue growth, profit margin and future P/E levels. What's in the News Torrent Power declared an interim dividend of ₹15 per share for fiscal year 2025-26, with a record date of February 16, 2026 and a scheduled payment date of March 12, 2026 (Key Developments).
내러티브 업데이트 • Apr 10TORNTPOWER: Measured Outlook As Dividend Plans And Debenture Funding Guide Future PerformanceAnalysts have nudged their fair value estimate for Torrent Power slightly higher, with the price target moving from ₹1,415.20 to ₹1,422.20. This change reflects updated assumptions around revenue growth, profit margins and future P/E expectations.
내러티브 업데이트 • Mar 26TORNTPOWER: Board Actions On Dividend And Funding Will Shape Future PerformanceAnalysts now peg Torrent Power's fair value slightly lower at about ₹1,415 per share, down from roughly ₹1,420, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News Torrent Power declared an interim dividend of ₹15 per share for fiscal year 2025-26, with a record date of February 16, 2026 and a scheduled payment date of March 12, 2026 (company announcement).
내러티브 업데이트 • Mar 12TORNTPOWER: Elevated P/E And Dividend Plans Will Restrain Future UpsideAnalysts have trimmed their price target on Torrent Power slightly from ₹1,210 to about ₹1,190, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Torrent Power declared an interim dividend of ₹15 per share for fiscal year 2025-26, with a record date of February 16, 2026, and a scheduled payment date of March 12, 2026 (company announcement).
내러티브 업데이트 • Feb 26TORNTPOWER: Dividend Plans And Debenture Issue Will Support Measured Forward OutlookAnalysts have increased their price target on Torrent Power from ₹1,525 to ₹1,571. This reflects updated assumptions that combine higher projected revenue growth with slightly lower profit margins and a modestly reduced future P/E multiple.
공시 • 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.
분석 기사 • Feb 14Earnings Beat: Torrent Power Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsAs you might know, Torrent Power Limited ( NSE:TORNTPOWER ) just kicked off its latest quarterly results with some very...
분석 기사 • Feb 13Torrent Power (NSE:TORNTPOWER) Has Announced That It Will Be Increasing Its Dividend To ₹15.00Torrent Power Limited ( NSE:TORNTPOWER ) will increase its dividend on the 12th of March to ₹15.00, which is 7.1...
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.
내러티브 업데이트 • Feb 11TORNTPOWER: Board Decisions On Dividend And Debentures Will Shape Balanced OutlookAnalysts have trimmed their price target on Torrent Power from ₹1,636 to ₹1,525, reflecting updated assumptions that combine higher projected revenue growth with a lower profit margin outlook, along with a slightly adjusted future P/E and discount rate. What's in the News A board meeting is scheduled on February 10, 2026 at 14:30 Indian Standard Time to review unaudited financial results for the quarter and nine months ended December 31, 2025, along with the statutory auditor's limited review reports (company filing).
분석 기사 • Feb 06Torrent Power Limited's (NSE:TORNTPOWER) Business Is Yet to Catch Up With Its Share PriceIt's not a stretch to say that Torrent Power Limited's ( NSE:TORNTPOWER ) price-to-earnings (or "P/E") ratio of 23.9x...
공시 • 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
내러티브 업데이트 • Jan 27TORNTPOWER: Steady Fair Value And Elevated P/E Will Frame Upcoming UpdatesAnalysts have kept their fair value estimate for Torrent Power steady at ₹1,210, with only small tweaks to revenue growth, profit margin and forward P/E assumptions guiding this unchanged price target. What's in the News Torrent Power has scheduled an Analyst and Investor Day, giving management a platform to update the market on business plans, capital allocation, and operational priorities.
내러티브 업데이트 • Jan 13TORNTPOWER: Elevated P/E Will Limit Upside Despite Upcoming Analyst DayAnalysts have kept their fair value estimate for Torrent Power steady at ₹1,210.00, with slightly revised assumptions around revenue growth, profit margin, and future P/E helping to refine rather than reset their overall view. What's in the News Torrent Power has scheduled an Analyst/Investor Day, giving management a platform to share its current priorities and explain how it is thinking about growth, capital allocation, and risks for shareholders (Key Developments).
내러티브 업데이트 • Dec 15TORNTPOWER: Medium-Term Expansion Plans Will Support Balanced Risk Reward AheadAnalysts have raised their price target on Torrent Power from ₹1,050 to ₹1,210, citing stronger expected revenue growth despite slightly higher discount rates and moderating profit margins, which are still seen as compatible with a higher forward P/E multiple. What's in the News Torrent Power has scheduled an Analyst and Investor Day, where management is expected to outline medium term growth plans and capital allocation priorities.
분석 기사 • Dec 05Does Torrent Power (NSE:TORNTPOWER) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
내러티브 업데이트 • Dec 01TORNTPOWER: Board Meeting Decisions And Hydro Power Acquisitions Will Guide Future PerformanceAnalysts have slightly raised their fair value estimate for Torrent Power from ₹1,418.40 to ₹1,419.91, citing modest adjustments to projected growth and margin expectations. What's in the News Torrent Power Limited held an Analyst/Investor Day and provided key updates on company strategy and performance (Key Developments).
내러티브 업데이트 • Nov 17TORNTPOWER: Board Meeting And Hydro Power Bids Will Influence Near-Term OutlookAnalysts have raised their price target for Torrent Power from ₹1,388.30 to ₹1,418.40, citing updated forecasts and modest adjustments in key valuation metrics. What's in the News The Board of Torrent Power Limited will meet on November 11, 2025, to consider unaudited financial results for the quarter and half-year ended September 30, 2025 (Board Meeting).
분석 기사 • Nov 14Earnings Update: Torrent Power Limited Beat Earnings And Now Analysts Have New Forecasts For This YearTorrent Power Limited ( NSE:TORNTPOWER ) defied analyst predictions to release its second-quarter results, which were...
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.
공시 • 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
공시 • 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.
공시 • 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.
분석 기사 • Sep 12Torrent Power Limited's (NSE:TORNTPOWER) Low P/E No Reason For ExcitementWhen close to half the companies in India have price-to-earnings ratios (or "P/E's") above 28x, you may consider...
내러티브 업데이트 • Sep 05Renewable And Energy Storage Expansion Will Build Future ValueWith no changes in the company’s revenue growth or net profit margin forecasts, Torrent Power’s consensus analyst price target has remained steady at ₹1388. What's in the News Torrent Power and Torrent Gas inaugurated Uttar Pradesh’s first and India’s largest green hydrogen and natural gas blending project in Gorakhpur, with 72 TPA capacity, supplying blended hydrogen via existing pipelines to households, CNG stations, and industries.
공시 • 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.
공시 • 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
분석 기사 • Jul 30Increases to Torrent Power Limited's (NSE:TORNTPOWER) CEO Compensation Might Cool off for nowKey Insights Torrent Power will host its Annual General Meeting on 5th of August Salary of ₹173.1m is part of CEO Jinal...
공시 • 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.
분석 기사 • Jul 13Does Torrent Power (NSE:TORNTPOWER) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
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.
공시 • Jul 10Torrent Power Limited, Annual General Meeting, Aug 05, 2025Torrent Power Limited, Annual General Meeting, Aug 05, 2025, at 09:30 Indian Standard Time.
분석 기사 • Jun 25Here's What To Make Of Torrent Power's (NSE:TORNTPOWER) Decelerating Rates Of ReturnIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
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.
공시 • 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 232% over the past three years.
공시 • 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 7.4% above last closing price of ₹1,282. Stock is up 15% 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.
공시 • 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.
공시 • 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).
공시 • 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
공시 • 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
새로운 내러티브 • Nov 25The Green Energy Expansion Will Power Robust Growth And Boost Profitability Strategic growth in renewable energy, green hydrogen projects, and land acquisitions positions Torrent Power for enhanced revenue and operational stability.
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.
공시 • 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 26Price 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 18% below last closing price of ₹1,889. Stock is up 157% 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 178% 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 ₹1,866. 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • Jul 04Torrent Power Limited, Annual General Meeting, Jul 30, 2024Torrent Power Limited, Annual General Meeting, Jul 30, 2024, at 09:30 Indian Standard Time.
공시 • 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 ₹1,401. Stock is up 154% 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.
공시 • 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.
공시 • 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 ₹1,420, 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 ₹1,187 per share.
Major Estimate Revision • Feb 15Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₹47.36 to ₹42.10 per share. Revenue forecast steady at ₹280.7b. Net income forecast to grow 30% next year vs 14% growth forecast for Electric Utilities industry in India. Consensus price target up from ₹829 to ₹966. Share price was steady at ₹1,208 over the past week.
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 ₹1,131. 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%).
공시 • 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 ₹1,165, 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 ₹664 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 ₹931. 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 ₹941, 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.
