stock logo

Torrent Power Share Price

TORNTPOWER

₹1,529.25+₹20.05 (1.33%) TodayLast updated on 23 Jul, 2024 | 09:55 IST
₹1,522.60₹1,609.20
L
Show Current Price
H
  • News

  • Company overview

  • Fundamentals

  • Events

  • More

Company overview

Financial performance

arrow

Market cap

Market Cap Switch₹70,809 Crs

Open

₹1,609.20

Close

₹1,509.20

Circuit range

₹1,811.00 - ₹1,207.40

Day range

₹1,522.60 - ₹1,609.20

Year range

₹601.00 - ₹1,687.00

Volume

2,23,152

Avg. traded

₹1,546.45

Revenue (12m)

₹27,183 Crs

Torrent Power

Torrent Power Limited is a prominent player in the power sector. The company is primarily engaged in electricity generation, transmission and distribution. The company has a portfolio of coal-based, gas-based and renewable energy power plants with a total generation capacity of 4110 MW. The company has also signed a memorandum of understanding with the Maharashtra Government for three pumped storage hydro projects of 5,700 MW capacity.

Torrent Power is also engaged in the business of manufacturing and supply of power cables. It is among the market leaders in the high transmission (HT) power cable segment with a manufacturing capability of up to 132 kV XLPE cables. The company is also the country's first entity to get ISO 90001:2000 certification in the cable industry.

Torrent Power Limited's market capitalisation stood at nearly ₹57,200 crore as of February 8, 2024. Torrent Power share price has surged over 269% in the last three years.

Torrent Power business operations

Torrent Power Ltd was incorporated as Torrent Power Trading Pvt. Ltd in 2004. It was renamed to Torrent Power Private Ltd the following year before being converted into a public company in 2006. It also bagged the distribution franchise for Bhiwandi Circle of Maharashtra State Electricity Distribution Company Limited (MSEDCL) the same year. The company began the distribution project in Bhiwandi in 2007.

In FY 2009, Torrent Power secured the distribution franchise for the Agra and Kanpur distribution circle for 20 years. The company also commenced work on Phase I of its transmission system -- 26 km Loop in Loop out (LILO) of Vapi-Jhanor.

The company began operation of its 1147.5 MW Sugen Mega Power Project on August 15, 2009. The same year, Torrent Power also commissioned the second phase of the power transmission line (80 km Double Circuit 400 kV transmission lines) i.e. Gandhar-Dehgam Loop in Loop out (LILO) at Sugen.

The company signed a shareholders agreement with GPCL for setting up a 1000+ MW coal-based plant at Pipavav in Amreli district of Gujarat.

In FY 2011, the company, through its subsidiary, began work on the third and final phase of the 144.5 km, 400 kV Double Circuit line, part of the transmission infrastructure from the SUGEN Generating Station to the Pirana sub-station of PGCILl. It also started the operation of the distribution franchise for Agra Circle.

The next year, Torrent Power commissioned its first wind power plant at Lalpur in Gujarat's Jamnagar district.

The company upgraded its 110 MW coal-based E station of AMGEN in Ahmedabad to 121 MW. In 2014-15, the company commissioned its 1200 MW DGEN Power Project at Dahej SEZ, District Bharuch, Gujarat.

The company secured a distribution licence for the Dholera Special Investment Region in FY 2018-19. It also won the distribution franchise for areas covering approximately 65 sq km in the Thane urban circle.

Torrent Power acquired a 51% stake in the equity Share Capital of Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited in FY 2022.

Financial highlights

  • The company's consolidated total income in FY23 stood at ₹26,076 crore, recording nearly 80% year-on-year growth compared to ₹14,493 crore in FY22.

  • The company’s consolidated net profit jumped multifold to ₹2,164.67 crore in FY23 as against ₹458.7 crore in FY22.

  • The company made a capital expenditure of ₹2,938 crore in FY23 as against ₹1,906 crore in FY22.

  • The EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at ₹5,141 crore in FY23, compared to ₹3,826 crore in FY22.

  • Its earnings per share (EPS) stood at ₹44.06 in FY23 compared to ₹9.45 in FY22.

Torrent Power Key indicators

arrow

52 week high

₹1,687.00

52 week low

₹601.00

P/E ratio

38.63

P/B ratio

6.16

ROE

15.6%

ROCE

15.69%

Dividend yield

1.05%

Debt/Equity ratio

0.81

EPS

37.41

Learn more

Fundamentals

Financial ratios

arrow
  • Profitability

  • Operational

  • Valuation

Operating profit margin

21.8%

Net profit margin

9.01%

ROE

15.6%

ROA

6.52%

ROCE

15.69%

Learn more

Torrent Power Shareholder returns

arrow

1 day

-1.05%

1 week

-0.24%

1 month

-3.99%

3 months

+1.69%

1 year

+144.01%

3 years

+217.29%

5 years

+400.00%

Torrent Power Share Price history

arrow
DayOpenCloseDay’s change
Mon, Jul 22 2024
₹1,520.20
₹1,509.20
-1.13%
Fri, Jul 19 2024
₹1,542.70
₹1,526.50
-1.05%
Thu, Jul 18 2024
₹1,551.15
₹1,542.70
-0.18%
Tue, Jul 16 2024
₹1,518.00
₹1,545.55
+1.72%
Mon, Jul 15 2024
₹1,510.05
₹1,519.45
+0.62%
Fri, Jul 12 2024
₹1,522.10
₹1,510.05
-1.31%
Thu, Jul 11 2024
₹1,545.25
₹1,530.10
-0.98%
Wed, Jul 10 2024
₹1,537.65
₹1,545.25
+1.75%

Shareholding info

arrow

Promoters (53.57%)

Mutual Funds (14.21%)

Retail and other (17.01%)

Foreign institutions-FII (8.43%)

Other domestic institutions (6.78%)

Promoters

Learn more

Events

Corporate actions

arrow
  • Dividend • ₹4/share

    Ex date 14 Jun 2024

    expand tab
  • Dividend • ₹12/share

    Ex date 16 Feb 2024

    expand tab
  • Dividend • ₹4/share

    Ex date 16 Jun 2023

    expand tab
  • Dividend • ₹13/share

    Ex date 22 Feb 2023

    expand tab
  • Dividend • ₹9/share

    Ex date 22 Feb 2023

    expand tab
  • Dividend • ₹9/share

    Ex date 10 Feb 2022

    expand tab

Learn more

Frequently asked questions