TORRENT POWER Ltd (TORNTPOWER) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.31%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 8.5%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 12.5%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹1,196.41

200-Day DMA ● Overlay

₹1,109.62

14-Day RSI ● Overlay

53.1 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹62,630 Cr

Large cap

Stock P/E (TTM) Valuation

27.0x

Price / EPS

Book Value (₹) Assets

₹379.0

P/B: 3.3x

ROE (%) Quality

12.5%

Net Profit / Equity

ROCE (%) Efficiency

13.7%

EBIT / Capital

Dividend Yield Yield

1.61%

Face Value: ₹10

Debt / Equity Solvency

0.73x

Manageable

EPS (TTM) Per Share

₹46.22

Trailing 12M

OPM (%) Spread

19.0%

EBITDA Margin

Free Cash Flow Cash

-₹2,156 Cr

CFO - Capex

About TORRENT POWER Ltd

TORRENT POWER Ltd (TORNTPOWER) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 13.7% × Turnover: 0.85x × Leverage: 1.73x = ROE: 12.5%

✓ Company Strengths (Pros)

• Maintains a generous dividend yield payout of 1.61%.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹29,184 Cr

Latest PAT

₹2,390 Cr

EPS (TTM)

₹46.22

OPM %

19.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹7,328 Cr	₹6,961 Cr	₹6,366 Cr	₹6,529 Cr	₹9,034 Cr	₹7,176 Cr	₹6,499 Cr	₹6,456 Cr	₹7,906 Cr	₹7,876 Cr	₹6,778 Cr	₹6,406 Cr	₹8,124 Cr
Operating Profit (EBITDA)	₹1,185 Cr	₹1,221 Cr	₹1,044 Cr	₹1,109 Cr	₹1,858 Cr	₹1,207 Cr	₹1,112 Cr	₹1,130 Cr	₹1,483 Cr	₹1,506 Cr	₹1,403 Cr	₹1,149 Cr	₹1,538 Cr
OPM %	16.0%	18.0%	16.0%	17.0%	21.0%	17.0%	17.0%	18.0%	19.0%	19.0%	21.0%	18.0%	19.0%
Interest Expense	₹227.00 Cr	₹247.00 Cr	₹235.00 Cr	₹233.00 Cr	₹260.00 Cr	₹272.00 Cr	₹276.00 Cr	₹236.00 Cr	₹212.00 Cr	₹216.00 Cr	₹255.00 Cr	₹252.00 Cr	₹293.00 Cr
Depreciation	₹332.00 Cr	₹342.00 Cr	₹349.00 Cr	₹355.00 Cr	₹359.00 Cr	₹371.00 Cr	₹378.00 Cr	₹389.00 Cr	₹390.00 Cr	₹389.00 Cr	₹413.00 Cr	₹421.00 Cr	₹400.00 Cr
Profit before Tax (PBT)	₹711.00 Cr	₹741.00 Cr	₹513.00 Cr	₹617.00 Cr	₹1,315 Cr	₹689.00 Cr	₹630.00 Cr	₹619.00 Cr	₹985.00 Cr	₹979.00 Cr	₹805.00 Cr	₹547.00 Cr	₹925.00 Cr
Net Profit (PAT)	₹532.00 Cr	₹543.00 Cr	₹374.00 Cr	₹447.00 Cr	₹996.00 Cr	₹496.00 Cr	₹489.00 Cr	₹1,077 Cr	₹742.00 Cr	₹742.00 Cr	₹655.00 Cr	₹331.00 Cr	₹662.00 Cr
EPS in ₹	₹10.76	₹10.94	₹7.49	₹8.95	₹20.23	₹10.01	₹9.44	₹21.03	₹14.52	₹14.36	₹12.76	₹6.31	₹12.68

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹10,348 Cr	₹11,680 Cr	₹9,960 Cr	₹11,512 Cr	₹13,151 Cr	₹13,641 Cr	₹12,173 Cr	₹14,258 Cr	₹25,694 Cr	₹27,183 Cr	₹29,165 Cr	₹28,966 Cr	₹29,184 Cr
Expenses	₹8,246 Cr	₹8,681 Cr	₹7,487 Cr	₹8,364 Cr	₹9,934 Cr	₹10,045 Cr	₹8,695 Cr	₹10,643 Cr	₹20,906 Cr	₹22,587 Cr	₹23,844 Cr	₹23,389 Cr	₹23,588 Cr
Operating Profit	₹2,103 Cr	₹2,999 Cr	₹2,472 Cr	₹3,148 Cr	₹3,217 Cr	₹3,596 Cr	₹3,477 Cr	₹3,615 Cr	₹4,789 Cr	₹4,596 Cr	₹5,322 Cr	₹5,577 Cr	₹5,596 Cr
OPM %	20%	26%	25%	27%	24%	26%	29%	25%	19%	17%	18%	19%	19%
Interest	₹962.00 Cr	₹1,131 Cr	₹1,058 Cr	₹848.00 Cr	₹899.00 Cr	₹955.00 Cr	₹776.00 Cr	₹628.00 Cr	₹818.00 Cr	₹943.00 Cr	₹1,045 Cr	₹934.00 Cr	₹1,015 Cr
Depreciation	₹720.00 Cr	₹916.00 Cr	₹1,006 Cr	₹1,132 Cr	₹1,227 Cr	₹1,304 Cr	₹1,280 Cr	₹1,334 Cr	₹1,281 Cr	₹1,378 Cr	₹1,497 Cr	₹1,613 Cr	₹1,623 Cr
Profit before Tax	₹740.00 Cr	₹1,290 Cr	₹587.00 Cr	₹1,401 Cr	₹1,264 Cr	₹475.00 Cr	₹1,552 Cr	₹564.00 Cr	₹3,041 Cr	₹2,583 Cr	₹3,253 Cr	₹3,317 Cr	₹3,257 Cr
Net Profit	₹363.00 Cr	₹902.00 Cr	₹430.00 Cr	₹952.00 Cr	₹904.00 Cr	₹1,179 Cr	₹1,296 Cr	₹459.00 Cr	₹2,165 Cr	₹1,896 Cr	₹3,059 Cr	₹2,469 Cr	₹2,390 Cr
EPS in Rs	7.61	18.73	8.92	19.61	18.70	24.43	26.86	9.45	44.06	38.14	59.31	47.95	46.11

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹472.00 Cr	₹481.00 Cr	₹481.00 Cr	₹481.00 Cr	₹481.00 Cr	₹481.00 Cr	₹481.00 Cr	₹481.00 Cr	₹481.00 Cr	₹481.00 Cr	₹504.00 Cr	₹504.00 Cr
Reserves & Surplus	₹6,083 Cr	₹5,990 Cr	₹6,411 Cr	₹7,239 Cr	₹8,490 Cr	₹8,673 Cr	₹9,704 Cr	₹9,463 Cr	₹10,529 Cr	₹11,581 Cr	₹17,111 Cr	₹18,571 Cr
Borrowings (Debt)	₹9,355 Cr	₹8,515 Cr	₹8,768 Cr	₹9,298 Cr	₹9,715 Cr	₹8,908 Cr	₹7,817 Cr	₹9,143 Cr	₹10,541 Cr	₹11,632 Cr	₹8,840 Cr	₹13,971 Cr
Total Liabilities	₹19,632 Cr	₹19,612 Cr	₹20,793 Cr	₹22,589 Cr	₹24,550 Cr	₹23,603 Cr	₹23,514 Cr	₹24,988 Cr	₹29,872 Cr	₹33,326 Cr	₹36,459 Cr	₹45,045 Cr
Fixed Assets	₹15,088 Cr	₹15,139 Cr	₹16,804 Cr	₹17,871 Cr	₹18,014 Cr	₹17,569 Cr	₹17,326 Cr	₹17,097 Cr	₹19,269 Cr	₹21,802 Cr	₹24,286 Cr	₹25,611 Cr
Total Assets	₹19,632 Cr	₹19,612 Cr	₹20,793 Cr	₹22,589 Cr	₹24,550 Cr	₹23,603 Cr	₹23,514 Cr	₹24,988 Cr	₹29,872 Cr	₹33,326 Cr	₹36,459 Cr	₹45,045 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹2,251 Cr	₹2,550 Cr	₹2,356 Cr	₹2,764 Cr	₹2,425 Cr	₹3,610 Cr	₹2,988 Cr	₹3,167 Cr	₹3,456 Cr	₹4,258 Cr	₹4,805 Cr	₹5,464 Cr
Cash from Investing (CFI)	-₹1,158 Cr	-₹911.00 Cr	-₹2,122 Cr	-₹2,418 Cr	-₹1,828 Cr	-₹1,129 Cr	-₹910.00 Cr	-₹2,483 Cr	-₹3,216 Cr	-₹3,544 Cr	-₹3,650 Cr	-₹8,088 Cr
Cash from Financing (CFF)	-₹1,206 Cr	-₹2,163 Cr	-₹674.00 Cr	-₹311.00 Cr	-₹617.00 Cr	-₹2,506 Cr	-₹2,061 Cr	-₹502.00 Cr	-₹341.00 Cr	-₹551.00 Cr	-₹1,216 Cr	₹3,101 Cr
Free Cash Flow (FCF)	₹889.00 Cr	₹926.00 Cr	-₹85.00 Cr	₹429.00 Cr	₹537.00 Cr	₹2,263 Cr	₹1,699 Cr	₹1,407 Cr	₹432.00 Cr	₹659.00 Cr	₹608.00 Cr	-₹2,156 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	31	33	36	36	34	34	43	41	32	29	30	29
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	31	33	36	36	34	34	43	41	32	29	30	29
ROCE %	11%	15%	10%	13%	12%	13%	13%	13%	18%	15%	16%	14%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹705.91 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,239.80

DCF Fair Value

₹705.91

Graham Number

₹627.81

Margin of Safety

-45.9%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹705.91

Premium / Overvalued (Margin: -45.9%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹687	₹681	₹675	₹669
10%	₹700	₹693	₹687	₹681
12%	₹712	₹706	₹700	₹693
14%	₹725	₹719	₹712	₹706

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹706	Fairly Valued
Benjamin Graham Number	₹628	Market Priced
Historical Sector P/E	₹1,017	Premium
EV / EBITDA Multiplier	₹1,302	In-Line
Free Cash Flow Yield Model	₹1,215	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

3.35 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 0.73x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 19.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

51.09%

FIIs (Foreign)

8.53%

DIIs (Domestic)

22.69%

Government

0.15%

Public / Retail

9.37%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	53.56%	53.56%	53.56%	53.56%	53.56%	51.09%	51.09%	51.09%	51.09%	51.09%	51.09%	51.09%
+ FIIs (Foreign Portfolio)	6.17%	6.13%	6.40%	8.43%	8.88%	9.93%	9.43%	9.79%	8.82%	8.32%	8.40%	8.53%
+ DIIs (Mutual Funds / Insurance)	21.63%	21.62%	21.47%	19.53%	19.03%	21.21%	21.90%	21.41%	22.16%	22.74%	22.82%	22.69%
+ Public (Retail & HNIs)	17.19%	17.23%	17.10%	17.02%	9.77%	9.42%	9.25%	9.35%	9.60%	9.51%	9.33%	9.37%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Power & Utilities.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

TORNTPOWER Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

TORNTPOWER Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

TORNTPOWER Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹1,586.94

Accelerated market share capture in Power & Utilities, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,388.58

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 27x P/E.

🐻 Bear Case (15%) -12.0%

₹1,091.02

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Power & Utilities)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 19:18 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ TORRENT POWER Ltd (TORNTPOWER)	Target Stock	₹1,239.80	+0.31%	27.0x	12.5%	13.7%	0.73	₹62,630 Cr
SOLAR INDUSTRIES (I) Ltd (SOLARINDS)	Power & Utilities Operations	₹18,971.00	-0.28%	88.2x	32.6%	38.1%	0.24	₹1.76 Lakh Cr
HITACHI ENERGY INDIA Ltd (POWERINDIA)	Power & Utilities Operations	₹29,100.00	+3.37%	118.0x	21.9%	29.4%	0.02	₹1.41 Lakh Cr
Tata Power Company Ltd (TATAPOWER)	Renewables, EV Charging & Transmission	₹360.00	+0.00%	28.6x	10.2%	10.5%	1.93	₹1.12 Lakh Cr
JSW ENERGY Ltd (JSWENERGY)	Power & Utilities Operations	₹519.50	-0.70%	44.3x	7.5%	8.2%	2.50	₹88,924 Cr
NTPC GREEN ENERGY Ltd (NTPCGREEN)	Power & Utilities Operations	₹83.60	+1.35%	125.0x	2.8%	3.6%	1.67	₹75,896 Cr
NHPC Ltd (NHPC)	Hydroelectric & Renewable Power	₹77.90	-3.10%	19.0x	9.3%	5.8%	1.26	₹72,073 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	19:18:42 IST	✓ Live Sync
Financial Statements (10Y)	TORRENT POWER Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

TORRENT POWER Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About TORRENT POWER Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Power & Utilities)

Metric Explainer

Stock DNA Methodology

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