- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹58,906 Cr143rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 3 Aug 2026
- 25.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 12 May 2026
- 3.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.71%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 3 Aug 2026
- 12.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 3 Aug 2026
- 11.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 12 May 2026
- 0.70
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,44,36847.2% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 3 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹8,124 Crup 26.82%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹662 Crup 99.66%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 8.1%
Revenue by year
Peak revenue ₹29,165 Cr, year to Mar 2025
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 13 Nov | Dec 2024Filed 4 Feb | Mar 2025Filed 12 Jun | Jun 2025Filed 5 Aug | Sep 2025Filed 11 Nov | Dec 2025Filed 10 Feb | Mar 2026Filed 12 May | Jun 2026Filed 3 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,176 | 6,499 | 6,456 | 7,906 | 7,876 | 6,778 | 6,406 | 8,124 |
| Net profit | 496 | 489 | 1,077 | 742 | 742 | 655 | 331 | 662 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 6.9% | 7.5% | 16.7% | 9.4% | 9.4% | 9.7% | 5.2% | 8.1% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Transmission and DistributionTransmission and Distribution, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹24,764 Crdown 1.64%73.7%
- GenerationGeneration, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹7,585 Crdown 7.28%22.6%
- RenewablesRenewables, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,241 Crup 16.40%3.7%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 79% of 2,480 trading days over the last 10 years.
LowestHighest
Its median16.3Industry median18.1
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 61% of 1,978 trading days since Oct 2018.
LowestHighest
Its median2.4Industry median1.4
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.12.8
At or below today's level on 66% of 1,978 trading days since Oct 2018.
LowestHighest
Its median8.9Industry median9.6
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 46% of 2,413 trading days over the last 10 years.
LowestHighest
Its median1.79%Industry median2.05%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −10.6% | −19.1% | +8.6% | 1.5% |
| 3 years | +38.1% | +2.9% | +33.0% | 1.3% |
| 5 years | +27.4% | +12.3% | +11.5% | 2.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual funds holding it
141 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 74 of the 85 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 42
- CutCut. Funds that held fewer shares than at the end of the month before.
- 43
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 54
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 2
| Fund | |||
|---|---|---|---|
 SBI Contra FundSBI Mutual Fund | 89,82,410 | 2.48% | ₹1,119.1 Cr |
| SBI Focused FundSBI Mutual Fund | 70,00,000 | 1.74% | ₹872.1 Cr |
| SBI Large & Midcap FundSBI Mutual Fund | 65,00,000 | 2.00% | ₹809.8 Cr |
| SBI Midcap FundSBI Mutual Fund | 64,96,007 | 3.48% | ₹809.3 Cr |
| SBI ELSS Tax Saver FundSBI Mutual Fund | 56,10,813 | 2.33% | ₹699.1 Cr |
| SBI Balanced Advantage FundSBI Mutual Fund | 40,90,223 | 1.26% | ₹509.6 Cr |
| SBI Multicap FundSBI Mutual Fund | 40,00,000 | 2.12% | ₹498.4 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 35,08,679 | 0.87% | ₹437.1 Cr |
 Axis Midcap FundAxis Mutual Fund | 31,67,361 | 1.18% | ₹394.6 Cr |
 Canara Robeco Large and Mid Cap FundCanara Robeco Mutual Fund | 28,51,387 | 1.45% | ₹355.3 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Power, 45 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Torrent Power in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Tata Power CompanyTATAPOWER | 1,11,230 | 28.8 | 2.8 | 13.0 | −4.2% | −4.8% | 10.3% | 6.8% | 0.72% |
 JSW EnergyJSWENERGY | 82,241 | 41.8 | 2.7 | 15.0 | +35.4% | −9.4% | 6.8% | 6.2% | 0.45% |
 NHPCNHPC | 70,155 | 18.5 | 1.7 | 20.5 | +12.0% | +24.1% | 9.4% | 3.6% | 2.31% |
 NTPC Green EnergyNTPCGREEN | 68,430 | 112.7 | 3.6 | 33.9 | – | – | 3.2% | 3.4% | 0.00% |
 NLC IndiaNLCINDIA | 31,685 | – | 1.5 | 9.6 | +16.8% | – | – | 6.8% | 1.68% |
 Acme Solar HoldingsACMESOLAR | 26,285 | 43.6 | – | – | +47.5% | – | 12.6% | 6.4% | 0.05% |
 SJVNSJVN | 18,627 | 29.1 | 1.3 | 13.8 | +60.5% | −7.4% | 4.5% | 5.1% | 3.16% |
 CESCCESC | 16,542 | 10.7 | 1.3 | 9.3 | +8.7% | +12.6% | 12.6% | 6.6% | 9.62% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹26.00 a share, year to Mar 2023.
| Ex-date | Type | Per share |
|---|---|---|
| 19 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹5.00 |
| 16 Feb 2026 | Interim | ₹15.00 |
| 6 Jun 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹5.00 |
| 12 Feb 2025 | Interim | ₹14.00 |
| 14 Jun 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹4.00 |
| 16 Feb 2024 | Interim | ₹12.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
23 Oct · Rating
Sep 2026
16 Sep · Analysts
14 Sep · Analysts
7 Sep · Analysts
Torrent Power share price by year
Each calendar year to 2025.Torrent Power share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,306.70 | −12.1% | 1,623.60 | 1,200.00 |
| 2024 | 1,485.95 | +59.1% | 1,973.65 | 937.70 |
| 2023 | 933.85 | +89.7% | 1,003.85 | 435.25 |
| 2022 | 492.35 | −11.1% | 587.50 | 419.80 |
| 2021 | 553.55 | +74.4% | 598.60 | 305.10 |
| 2020 | 317.40 | +11.8% | 359.95 | 249.50 |
| 2019 | 284.00 | +8.5% | 311.00 | 232.70 |
| 2018 | 261.80 | −7.6% | 305.60 | 214.00 |
| 2017 | 283.25 | +58.2% | 286.40 | 174.20 |
| 2016 | 179.00 | +3.1% | 247.95 | 162.15 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 1,195.00 | 1,195.00 | 1,150.00 | 1,169.00 | 1,161.74 | 2,44,368 | 47.2% |
| 22 Oct 2026 | 1,175.00 | 1,215.80 | 1,166.00 | 1,204.00 | 1,187.84 | 2,20,573 | 44.4% |
| 21 Oct 2026 | 1,206.00 | 1,209.50 | 1,173.10 | 1,181.90 | 1,184.53 | 1,98,504 | 59.6% |
| 19 Oct 2026 | 1,225.00 | 1,227.00 | 1,202.00 | 1,210.00 | 1,210.46 | 1,18,498 | 54.0% |
| 16 Oct 2026 | 1,239.00 | 1,240.00 | 1,220.00 | 1,226.30 | 1,229.18 | 1,42,333 | 44.6% |
| 15 Oct 2026 | 1,240.30 | 1,260.00 | 1,225.90 | 1,238.60 | 1,244.04 | 1,86,145 | 39.0% |
| 14 Oct 2026 | 1,190.10 | 1,249.30 | 1,190.10 | 1,240.30 | 1,239.22 | 6,52,080 | 46.1% |
| 13 Oct 2026 | 1,174.40 | 1,193.20 | 1,169.90 | 1,189.30 | 1,186.91 | 4,59,497 | 85.9% |
| 12 Oct 2026 | 1,196.10 | 1,203.80 | 1,165.00 | 1,174.40 | 1,181.36 | 3,88,539 | 55.2% |
| 9 Oct 2026 | 1,220.00 | 1,220.10 | 1,178.50 | 1,188.60 | 1,190.50 | 3,80,383 | 52.9% |
Prices in ₹ per share as traded, not adjusted.
About Torrent Power
Torrent Power is an integrated power utility. It generates, transmits and distributes electricity, and it serves about 4.3 million customers with a footprint across 10 states and 1 Union Territory. Its operations span the full energy value chain, from generation to the networks that deliver power to homes and industry.
Its generation business has a thermal side and a renewable side. The gas-based side is three combined cycle plants named SUGEN, UNOSUGEN and DGEN, with a combined capacity of about 2,730 MW. SUGEN and UNOSUGEN, together 1,530 MW, are at Surat. A fourth thermal plant, AMGEN, is supplied with coal under a fuel supply agreement. The renewable side includes wind and solar plants, among them wind and solar capacity in Gujarat.
In distribution, the company holds licences for Ahmedabad, Surat and Dahej SEZ, as well as Dholera SIR and Dadra & Nagar Haveli, and runs franchised distribution in Agra and Bhiwandi. The Bhiwandi franchise model was the first arrangement of its kind in which a private company manages an area's distribution business. In transmission, it operates 952 circuit km of 400 kV lines and 388 circuit km of 220 kV lines.
The company is registered in Ahmedabad. It was incorporated in 2004. It belongs to the Torrent Group, which has operated for over half a century in power and pharmaceuticals, and later gas. Other group companies are Torrent Pharmaceuticals Limited and Torrent Gas Limited, which runs city gas distribution.
- Legal name
- Torrent Power Limited
- NSE symbol
- TORNTPOWER
- BSE code
- 532779
- ISIN
- INE813H01021
- Industry
- Power
- Listed
- Nov 2006
- Face value
- ₹10
- CIN
- L31200GJ2004PLC044068
- Corporate identity number, the registrar of companies' code for it
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