| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
TORNTPOWER Overview
Torrent Power Limited, an integrated power utility, engages in the generation, transmission, and distribution of electricity in the states of Gujarat, Maharashtra, Uttar Pradesh, and Karnataka in India.
Torrent Power Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹515.40 |
| 52 Week High | ₹293.00 |
| 52 Week Low | ₹544.90 |
| Beta | 0.33 |
| 1 Month Change | 5.42% |
| 3 Month Change | 7.26% |
| 1 Year Change | 70.30% |
| 3 Year Change | 118.90% |
| 5 Year Change | 194.51% |
| Change since IPO | 625.92% |
Recent News & Updates
Shareholder Returns
| TORNTPOWER | IN Electric Utilities | IN Market | |
|---|---|---|---|
| 7D | 2.3% | 6.5% | 2.3% |
| 1Y | 70.3% | 168.8% | 68.3% |
Return vs Industry: TORNTPOWER underperformed the Indian Electric Utilities industry which returned 173.5% over the past year.
Return vs Market: TORNTPOWER matched the Indian Market which returned 69.5% over the past year.
Price Volatility
| TORNTPOWER volatility | |
|---|---|
| TORNTPOWER Beta | 0.33 |
| Industry Beta | 0.83 |
| Market Beta | 1 |
Stable Share Price: TORNTPOWER is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TORNTPOWER's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 7,803 | Jinal Mehta | https://www.torrentpower.com |
Torrent Power Limited, an integrated power utility, engages in the generation, transmission, and distribution of electricity in the states of Gujarat, Maharashtra, Uttar Pradesh, and Karnataka in India. The company owns thermal and renewable power plants with a generating capacity of approximately 3,879 MW. It distributes electricity in the cities of Ahmedabad, Gandhinagar, Surat, and Dahej SEZ covering the total area of approximately 425 square kilometers, as well as Dholera SIR covering an area of 920 square kilometers; and operates as a franchisee for electricity distribution in the cities of Bhiwandi, Agra and Shil-Mumbra-Kalwa covering an area of approximately 1,007 square kilometers.
Torrent Power Fundamentals Summary
| TORNTPOWER fundamental statistics | |
|---|---|
| Market Cap | ₹247.71b |
| Earnings (TTM) | ₹11.25b |
| Revenue (TTM) | ₹122.65b |
22.0x
P/E Ratio2.0x
P/S RatioIs TORNTPOWER overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TORNTPOWER income statement (TTM) | |
|---|---|
| Revenue | ₹122.65b |
| Cost of Revenue | ₹78.23b |
| Gross Profit | ₹44.42b |
| Expenses | ₹33.17b |
| Earnings | ₹11.25b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 23.40 |
| Gross Margin | 36.22% |
| Net Profit Margin | 9.17% |
| Debt/Equity Ratio | 76.6% |
How did TORNTPOWER perform over the long term?
See historical performance and comparisonDividends
2.1%
Current Dividend Yield47%
Payout RatioValuation
Is Torrent Power undervalued compared to its fair value and its price relative to the market?
22.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TORNTPOWER (₹515.4) is trading above our estimate of fair value (₹422.34)
Significantly Below Fair Value: TORNTPOWER is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TORNTPOWER is good value based on its PE Ratio (22x) compared to the Indian Electric Utilities industry average (23.2x).
PE vs Market: TORNTPOWER is good value based on its PE Ratio (22x) compared to the Indian market (22.1x).
Price to Earnings Growth Ratio
PEG Ratio: TORNTPOWER is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: TORNTPOWER is overvalued based on its PB Ratio (2.4x) compared to the IN Electric Utilities industry average (1.5x).
Future Growth
How is Torrent Power forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
9.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TORNTPOWER's forecast earnings growth (9.7% per year) is above the savings rate (6.7%).
Earnings vs Market: TORNTPOWER's earnings (9.7% per year) are forecast to grow slower than the Indian market (19.2% per year).
High Growth Earnings: TORNTPOWER's earnings are forecast to grow, but not significantly.
Revenue vs Market: TORNTPOWER's revenue (5.6% per year) is forecast to grow slower than the Indian market (12.9% per year).
High Growth Revenue: TORNTPOWER's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TORNTPOWER's Return on Equity is forecast to be low in 3 years time (13.1%).
Past Performance
How has Torrent Power performed over the past 5 years?
14.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TORNTPOWER has high quality earnings.
Growing Profit Margin: TORNTPOWER's current net profit margins (9.2%) are lower than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: TORNTPOWER's earnings have grown by 14% per year over the past 5 years.
Accelerating Growth: TORNTPOWER's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TORNTPOWER had negative earnings growth (-11.5%) over the past year, making it difficult to compare to the Electric Utilities industry average (10%).
Return on Equity
High ROE: TORNTPOWER's Return on Equity (11.1%) is considered low.
Financial Health
How is Torrent Power's financial position?
Financial Position Analysis
Short Term Liabilities: TORNTPOWER's short term assets (₹46.4B) do not cover its short term liabilities (₹48.1B).
Long Term Liabilities: TORNTPOWER's short term assets (₹46.4B) do not cover its long term liabilities (₹85.1B).
Debt to Equity History and Analysis
Debt Level: TORNTPOWER's debt to equity ratio (76.6%) is considered high.
Reducing Debt: TORNTPOWER's debt to equity ratio has reduced from 113.7% to 76.6% over the past 5 years.
Debt Coverage: TORNTPOWER's debt is well covered by operating cash flow (38.2%).
Interest Coverage: TORNTPOWER's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Dividend
What is Torrent Power current dividend yield, its reliability and sustainability?
2.13%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TORNTPOWER's dividend (2.13%) is higher than the bottom 25% of dividend payers in the Indian market (0.33%).
High Dividend: TORNTPOWER's dividend (2.13%) is in the top 25% of dividend payers in the Indian market (1.35%)
Stability and Growth of Payments
Stable Dividend: TORNTPOWER's dividend payments have been volatile in the past 10 years.
Growing Dividend: TORNTPOWER's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47%), TORNTPOWER's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TORNTPOWER's dividends in 3 years are forecast to be well covered by earnings (29.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
Jinal Mehta (38 yo)
3.5yrs
Tenure
₹130,000,000
Compensation
Mr. Jinal Mehta serves as the Chief Executive Officer and Director of Torrent Energy Ltd. Mr. Mehta serves as a Whole-Time Director of Torrent Power Ltd., since October 19, 2011 and also its Managing Direc...
CEO Compensation Analysis
Compensation vs Market: Jinal's total compensation ($USD1.73M) is above average for companies of similar size in the Indian market ($USD578.33K).
Compensation vs Earnings: Jinal's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TORNTPOWER's management team is considered experienced (2.4 years average tenure).
Board Members
Experienced Board: TORNTPOWER's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Torrent Power Limited's employee growth, exchange listings and data sources
Key Information
- Name: Torrent Power Limited
- Ticker: TORNTPOWER
- Exchange: NSEI
- Founded: 2004
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: ₹247.710b
- Shares outstanding: 480.62m
- Website: https://www.torrentpower.com
Number of Employees
Location
- Torrent Power Limited
- Samanvay
- 600 Tapovan
- Ahmedabad
- Gujarat
- 380015
- India
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/15 12:07 |
| End of Day Share Price | 2021/10/14 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.