About
Torrent Power Limited, together with its subsidiaries, engages in the generation, renewables, transmission and distribution of electricity in India. The company owns thermal power plants with a generation capacity of 3,092 megawatts; solar power plants with a generation capacity of 2,319 megawatts peak; and wind power plants with a generation capacity of 2,581 megawatts. It also distributes electricity in the cities of Ahmedabad, Gandhinagar, Surat, Dadra and Nagar Haveli, Daman and Diu, Dahej, and Dholera covering an area of 2,050 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. In addition, the company is involved in the manufacture and supply of power cables and ancillary services. The company was incorporated in 2004 and is headquartered in Ahmedabad, India. Torrent Power Limited is a subsidiary of Torrent Investments Limited.
Key Metrics
as of Sep 2026Market Cap65,429 Cr
P/E28.20
Div Yield1.54 %
Book Value₹379.00
52w High₹1,824.00
52w Low₹1,188.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,049.00 | 4,480.00 | 5,097.00 | 6,106.00 | 6,167.00 | 4,692.00 | 4,746.00 | 5,288.00 | 7,186.00 | 4,787.00 | 4,681.00 | 5,106.00 | 5,383.00 |
| Expenses | 4,948.00 | 3,549.00 | 3,908.00 | 4,900.00 | 4,996.00 | 3,765.00 | 3,823.00 | 4,353.00 | 5,614.00 | 3,830.00 | 3,777.00 | 4,110.00 | 4,378.00 |
| Operating Profit | 1,100.00 | 931.00 | 1,189.00 | 1,206.00 | 1,171.00 | 928.00 | 923.00 | 934.00 | 1,572.00 | 956.00 | 904.00 | 996.00 | 1,005.00 |
| OPM % | 18.00 | 21.00 | 23.00 | 20.00 | 19.00 | 20.00 | 19.00 | 18.00 | 22.00 | 20.00 | 19.00 | 20.00 | 19.00 |
| Other Income | 183.00 | 169.00 | 157.00 | 188.00 | 173.00 | 179.00 | 162.00 | 201.00 | 145.00 | 157.00 | 93.00 | 140.00 | 100.00 |
| Depreciation | 271.00 | 299.00 | 294.00 | 266.00 | 277.00 | 275.00 | 269.00 | 266.00 | 263.00 | 288.00 | 283.00 | 277.00 | 274.00 |
| Interest | 207.00 | 176.00 | 191.00 | 164.00 | 164.00 | 187.00 | 232.00 | 228.00 | 227.00 | 204.00 | 191.00 | 194.00 | 192.00 |
| Profit before tax | 805.00 | 624.00 | 860.00 | 963.00 | 902.00 | 644.00 | 585.00 | 641.00 | 1,228.00 | 621.00 | 522.00 | 664.00 | 639.00 |
| Tax % | 27.00 | 31.00 | 17.00 | 23.00 | 24.00 | -69.00 | 37.00 | 28.00 | 24.00 | 29.00 | 26.00 | 26.00 | 25.00 |
| Net Profit | 587.00 | 432.00 | 712.00 | 746.00 | 685.00 | 1,090.00 | 369.00 | 464.00 | 928.00 | 444.00 | 384.00 | 492.00 | 479.00 |
| EPS in Rs | 11.65 | 8.57 | 14.13 | 14.81 | 13.59 | 21.63 | 7.32 | 9.66 | 19.32 | 9.23 | 7.98 | 10.23 | 9.96 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21,850.00 | 21,913.00 | 19,957.00 | 18,836.00 | 13,716.00 | 11,777.00 | 13,442.00 | 12,978.00 | 11,449.00 | 9,921.00 | 11,626.00 | 10,200.00 |
| Expenses | 17,336.00 | 17,544.00 | 16,070.00 | 14,582.00 | 10,356.00 | 8,533.00 | 10,003.00 | 9,918.00 | 8,368.00 | 7,481.00 | 8,675.00 | 8,143.00 |
| Operating Profit | 4,514.00 | 4,368.00 | 3,887.00 | 4,254.00 | 3,359.00 | 3,244.00 | 3,439.00 | 3,060.00 | 3,080.00 | 2,440.00 | 2,951.00 | 2,057.00 |
| OPM % | 21.00 | 20.00 | 19.00 | 23.00 | 24.00 | 28.00 | 26.00 | 24.00 | 27.00 | 25.00 | 25.00 | 20.00 |
| Other Income | 668.00 | 676.00 | 464.00 | 405.00 | -1,030.00 | 238.00 | -771.00 | 244.00 | 246.00 | 180.00 | 337.00 | 306.00 |
| Interest | 696.00 | 874.00 | 781.00 | 668.00 | 582.00 | 719.00 | 892.00 | 892.00 | 840.00 | 1,047.00 | 1,116.00 | 706.00 |
| Depreciation | 1,136.00 | 1,072.00 | 1,123.00 | 1,059.00 | 1,234.00 | 1,180.00 | 1,230.00 | 1,163.00 | 1,111.00 | 989.00 | 899.00 | 548.00 |
| Profit before tax | 3,350.00 | 3,098.00 | 2,446.00 | 2,931.00 | 514.00 | 1,583.00 | 546.00 | 1,248.00 | 1,376.00 | 584.00 | 1,273.00 | 1,109.00 |
| Tax % | 23.00 | 8.00 | 26.00 | 28.00 | 20.00 | 16.00 | -127.00 | 29.00 | 33.00 | 26.00 | 29.00 | 33.00 |
| Net Profit | 2,575.00 | 2,851.00 | 1,798.00 | 2,104.00 | 410.00 | 1,325.00 | 1,238.00 | 889.00 | 922.00 | 432.00 | 899.00 | 742.00 |
| EPS in Rs | 51.10 | 56.58 | 37.41 | 43.77 | 8.52 | 27.57 | 25.76 | 18.50 | 19.18 | 9.00 | 18.71 | 15.71 |
| Dividend Payout % | 39.00 | 34.00 | 43.00 | 59.00 | 106.00 | 40.00 | 45.00 | 27.00 | 26.00 | 24.00 | 24.00 | 10.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 504.00 | 504.00 | 481.00 | 481.00 | 481.00 | 481.00 | 481.00 | 481.00 | 481.00 | 481.00 | 481.00 | 472.00 |
| Reserves | 18,564.00 | 16,952.00 | 11,558.00 | 10,539.00 | 9,485.00 | 9,771.00 | 8,707.00 | 8,456.00 | 7,212.00 | 6,404.00 | 5,978.00 | 6,436.00 |
| Borrowings | 8,311.00 | 6,388.00 | 9,744.00 | 8,430.00 | 7,908.00 | 7,200.00 | 8,340.00 | 9,116.00 | 9,216.00 | 8,666.00 | 8,392.00 | 5,629.00 |
| Other Liabilities | 8,424.00 | 7,815.00 | 7,409.00 | 6,538.00 | 5,730.00 | 5,327.00 | 5,352.00 | 5,772.00 | 5,193.00 | 5,064.00 | 4,650.00 | 3,318.00 |
| Total Liabilities | 35,802.00 | 31,659.00 | 29,191.00 | 25,988.00 | 23,605.00 | 22,778.00 | 22,880.00 | 23,825.00 | 22,102.00 | 20,615.00 | 19,501.00 | 15,856.00 |
| Fixed Assets | 15,851.00 | 15,692.00 | 16,143.00 | 14,766.00 | 14,307.00 | 15,582.00 | 15,791.00 | 17,012.00 | 16,806.00 | 16,599.00 | 14,907.00 | 9,100.00 |
| CWIP | 957.00 | 756.00 | 816.00 | 1,609.00 | 1,186.00 | 838.00 | 568.00 | 359.00 | 393.00 | 323.00 | 204.00 | 166.00 |
| Investments | 7,206.00 | 2,416.00 | 2,742.00 | 2,494.00 | 1,414.00 | 781.00 | 1,021.00 | 1,162.00 | 989.00 | 754.00 | 695.00 | 2,658.00 |
| Other Assets | 11,788.00 | 12,795.00 | 9,490.00 | 7,119.00 | 6,697.00 | 5,578.00 | 5,500.00 | 5,291.00 | 3,915.00 | 2,939.00 | 3,694.00 | 3,932.00 |
| Total Assets | 35,802.00 | 31,659.00 | 29,191.00 | 25,988.00 | 23,605.00 | 22,778.00 | 22,880.00 | 23,825.00 | 22,102.00 | 20,615.00 | 19,501.00 | 15,856.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 4,694.00 | 4,278.00 | 3,414.00 | 3,118.00 | 2,981.00 | 2,670.00 | 3,469.00 | 2,334.00 | 2,803.00 | 2,312.00 | 2,502.00 | 1,640.00 |
| Cash from Investing Activity | -4,762.00 | -2,881.00 | -3,187.00 | -2,137.00 | -2,512.00 | -595.00 | -1,096.00 | -1,231.00 | -2,493.00 | -2,111.00 | -913.00 | -357.00 |
| Cash from Financing Activity | 411.00 | -1,438.00 | -101.00 | -1,004.00 | -402.00 | -2,059.00 | -2,408.00 | -1,123.00 | -278.00 | -640.00 | -2,126.00 | -1,161.00 |
| Net Cash Flow | 343.00 | -41.00 | 126.00 | -24.00 | 66.00 | 16.00 | -35.00 | -20.00 | 32.00 | -439.00 | -537.00 | 122.00 |
| Free Cash Flow | 2,889.00 | 2,843.00 | 1,716.00 | 1,275.00 | 1,487.00 | 1,397.00 | 2,799.00 | 851.00 | 1,140.00 | -210.00 | 1,207.00 | 1,111.00 |
| CFO/OP % | 116.00 | 102.00 | 99.00 | 84.00 | 96.00 | 90.00 | 109.00 | 85.00 | 101.00 | 99.00 | 95.00 | 85.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29.00 | 28.00 | 29.00 | 29.00 | 36.00 | 40.00 | 32.00 | 33.00 | 36.00 | 36.00 | 33.00 | 31.00 |
| Cash Conversion Cycle | 29.00 | 28.00 | 29.00 | 29.00 | 36.00 | 40.00 | 32.00 | 33.00 | 36.00 | 36.00 | 33.00 | 31.00 |
| Working Capital Days | -17.00 | 19.00 | -5.00 | -12.00 | -16.00 | -22.00 | -21.00 | -12.00 | 16.00 | -12.00 | 9.00 | 13.00 |
| ROCE % | 15.00 | 17.00 | 15.00 | 19.00 | 13.00 | 13.00 | 14.00 | 12.00 | 13.00 | 10.00 | 17.00 | 15.00 |
Corporate Actions
30 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 19 Jun 2026 | 19 Jun 2026 | — | 5.00 | |
| Dividend | 16 Feb 2026 | 16 Feb 2026 | — | 15.00 | |
| Dividend | 06 Jun 2025 | 06 Jun 2025 | — | 5.00 | |
| Dividend | 12 Feb 2025 | 12 Feb 2025 | — | 14.00 | |
| Dividend | 14 Jun 2024 | 14 Jun 2024 | — | 4.00 | |
| Dividend | 16 Feb 2024 | 16 Feb 2024 | — | 12.00 | |
| Dividend | 16 Jun 2023 | 16 Jun 2023 | — | 4.00 | |
| Dividend | 22 Feb 2023 | 22 Feb 2023 | — | 13.00 | NSE/BSE dividend mismatch: BSE/NSE=9.0; BSE/NSE=13.0 |
| Dividend | 22 Feb 2023 | 22 Feb 2023 | — | 9.00 | NSE/BSE dividend mismatch: BSE/NSE=9.0; BSE/NSE=13.0 |
| Dividend | 10 Feb 2022 | 11 Feb 2022 | — | 9.00 | |
| Dividend | 24 Jun 2021 | 25 Jun 2021 | — | 5.50 | |
| Dividend | 16 Feb 2021 | 17 Feb 2021 | — | 5.50 | |
| Dividend | 18 Feb 2020 | 20 Feb 2020 | — | 11.60 | |
| Dividend | 13 Jun 2019 | 14 Jun 2019 | — | 5.00 | |
| Dividend | 08 Jun 2018 | — | — | 5.00 | |
| Dividend | 08 Jun 2017 | — | — | 2.20 | |
| Dividend | 17 Mar 2016 | 18 Mar 2016 | — | 4.50 | |
| Dividend | 11 Jun 2015 | — | — | 1.50 | |
| Dividend | 12 Jun 2014 | — | — | 0.50 | |
| Dividend | 13 Jun 2013 | — | — | 2.00 | |
| Dividend | 14 Jun 2012 | — | — | 3.50 | |
| Dividend | 25 Jan 2012 | 27 Jan 2012 | — | 3.00 | |
| Dividend | 16 Jun 2011 | — | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=2.5 |
| Dividend | 16 Jun 2011 | — | — | 3.00 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=2.5 |
| Dividend | 17 Jun 2010 | — | — | 3.00 | |
| Dividend | 18 Jun 2009 | — | — | 2.00 | |
| Dividend | 19 Jun 2008 | — | — | 1.20 | |
| Other | 15 Jun 2007 | — | — | — | Agm |
| Dividend | 23 Mar 2007 | 26 Mar 2007 | — | 0.40 | |
| Dividend | 11 Dec 2006 | — | — | 1.20 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update23 Apr from crisil
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Rating update16 Apr from fitch
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Rating update24 Feb from crisil
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Rating update5 Feb from crisil
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Rating update4 Feb from fitch
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Rating update18 Jun 2025 from crisil
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