Torrent Power Limited

Power · Power

NSE: TORNTPOWER BSE: 532779

₹1245.90

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Power

The largest companies in the same industry by market cap. This company ranks #10 of 41. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Adani Power Limited	393,408	32.9	19.5%	33.8%	—	72	5	33
NTPC Limited	312,960	13.2	13.0%	-5.1%	2.79%	45	93	13
Power Grid Corporation of India Limited	242,281	15.5	15.8%	-7.2%	3.45%	50	50	14
Adani Green Energy Limited	210,509	403.2	5.8%	20.0%	—	17	0	66
Adani Energy Solutions Limited	157,921	340.6	9.0%	46.7%	—	29	0	29
Tata Power Company Limited	114,713	130.5	10.8%	-8.2%	—	28	36	14
JSW Energy Limited	90,702	98.3	8.2%	-7.8%	0.40%	36	33	28
NTPC Green Energy Limited	78,677	203.0	2.7%	-4.9%	—	36	19	69
Torrent Power Limited (this stock)	62,781	25.3	12.5%	2.5%	1.61%	54	47	15

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹70,500 Cr

EV / EBITDA

13.8x

EV / Sales

3.24x

Market cap / Sales

2.89x

Earnings yield

3.95%

Quarterly Financials

Download CSV

Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 6,232 Cr, down 1.7% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 587 Cr, down 14.3% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	6,049	805	587	₹11.6500
March 31, 2026	4,480	624	432	₹8.5700
Dec. 31, 2025	5,097	860	712	₹14.1300
Sept. 30, 2025	6,106	963	746	₹14.8100
June 30, 2025	6,167	902	685	₹13.5900
March 31, 2025	4,692	644	1,090	₹21.6300
Dec. 31, 2024	4,746	585	369	₹7.5600
Sept. 30, 2024	5,293	669	492	₹10.2300
June 30, 2024	7,193	1,273	973	₹20.2500
March 31, 2024	4,787	621	444	₹9.2300
Dec. 31, 2023	4,681	522	384	₹7.9800
Sept. 30, 2023	5,106	664	492	₹10.2300
June 30, 2023	5,383	639	479	₹9.9600

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	6,232	4,649	5,253	6,294	6,340	4,871	4,908	5,494	7,338	4,943	4,773	5,246	5,484
Operating revenue	6,049	4,480	5,097	6,106	6,167	4,692	4,746	5,293	7,193	4,787	4,681	5,106	5,383
Other income	183	169	157	188	173	179	162	201	145	157	93	140	100
Operating expenses	4,948	3,549	3,908	4,900	4,996	3,765	3,823	4,299	5,544	3,830	3,777	4,110	4,378
Operating profit	1,100	931	1,189	1,206	1,171	928	923	994	1,649	956	904	996	1,005
Operating profit margin	18.2%	20.8%	23.3%	19.8%	19.0%	19.8%	19.5%	18.8%	22.9%	20.0%	19.3%	19.5%	18.7%
Depreciation	271	299	294	266	277	275	269	296	293	288	283	277	274
Interest	207	176	191	164	164	187	232	229	227	204	191	194	192
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	805	624	860	963	902	644	585	669	1,273	621	522	664	639
Tax	218	192	148	217	218	-446	216	177	300	177	138	173	160
Net profit	587	432	712	746	685	—	369	492	973	444	384	492	479
EPS	11.65	8.57	14.13	14.81	13.59	21.63	7.56	10.23	20.25	9.23	7.98	10.23	9.96
Net profit (TTM)	2,477	2,575	—	—	—	—	2,278	2,293	2,293	1,798	1,790	2,101	2,102
EPS (TTM)	49.16	51.10	64.16	57.59	53.01	59.67	47.27	47.69	47.69	37.40	37.22	43.70	43.73

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	21,850	3,350	2,575
March 31, 2025	21,913	3,098	2,851
March 31, 2024	19,957	2,446	1,798
March 31, 2023	18,836	2,931	2,104

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	5.4%	13.2%	22,536^†	22,599^†	20,447^†	19,271^†	14,012^†	12,104^†	13,687^†	13,239^†	11,744^†	10,198^†
Operating revenue	5.1%	13.0%	21,850	21,913	19,957	18,836	13,716^†	11,853^†	13,442^†	12,978^†	11,476^†	10,007^†
Other income	—	—	686^†	687^†	490^†	435^†	296^†	251^†	245^†	262^†	268^†	191^†
Operating expenses	—	—	17,354^†	17,431^†	16,096^†	14,612^†	10,382^†	8,618^†	10,019^†	9,936^†	8,417^†	6,835^†
Operating profit	2.1%	6.8%	4,496^†	4,481^†	3,861^†	4,224^†	3,334^†	3,235^†	3,423^†	3,042^†	3,058^†	3,172^†
Operating profit margin	—	—	20.6%^†	20.5%^†	19.3%^†	22.4%^†	24.3%^†	27.3%^†	25.5%^†	23.4%^†	26.7%^†	31.7%^†
Depreciation	—	—	1,136^†	1,134^†	1,123^†	1,059^†	1,234^†	1,183^†	1,230^†	1,163^†	1,111^†	982^†
Interest	—	—	696^†	875^†	781^†	668^†	582^†	720^†	892^†	892^†	840^†	1,047^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	-1,300^†	0^†	-1,000^†	0^†	0^†	0^†
Profit before tax	4.6%	16.2%	3,350	3,098	2,446	2,931	514^†	1,583^†	546^†	1,248^†	1,376^†	554^†
Tax	—	—	775^†	248^†	648^†	828^†	105^†	258^†	-692^†	359^†	454^†	144^†
Net profit	7.0%	14.2%	2,575	2,851	1,798	2,104	410^†	1,325^†	1,238^†	889^†	922^†	410^†
EPS	5.3%	13.1%	51.10^†	59.67^†	37.40^†	43.77^†	8.52^†	27.57^†	25.76^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	20.6%^†	20.5%^†	19.3%^†	22.4%^†	24.3%^†	27.3%^†	25.5%^†	23.4%^†	26.7%^†	31.7%^†
EBIT margin	18.5%^†	18.1%^†	16.2%^†	19.1%^†	8.0%^†	19.4%^†	10.7%^†	16.5%^†	19.3%^†	16.0%^†
PBT margin	15.3%	14.1%	12.3%	15.6%	3.8%^†	13.4%^†	4.1%^†	9.6%^†	12.0%^†	5.5%^†
Net margin	11.8%	13.0%	9.0%	11.2%	3.0%^†	11.2%^†	9.2%^†	6.9%^†	8.0%^†	4.1%^†
Interest coverage	5.82x^†	4.54x^†	4.13x^†	5.39x^†	1.88x^†	3.20x^†	1.61x^†	2.40x^†	2.64x^†	1.53x^†
Dividend payout	39.1%^†	30.2%^†	42.8%^†	20.6%^†	170.2%^†	19.9%^†	64.4%^†	—	—	—
Earnings retention	60.9%^†	69.8%^†	57.2%^†	79.4%^†	-70.2%^†	80.1%^†	35.6%^†	—	—	—
Current ratio	1.11x	1.36x	—	—	—	—	—	—	—	—
Quick ratio	1.04x	1.26x	—	—	—	—	—	—	—	—
Debt to equity	0.43x	0.36x	—	—	—	—	—	—	—	—
Return on equity	13.5%	16.3%	—	—	—	—	—	—	—	—
Return on assets	7.2%	9.0%	—	—	—	—	—	—	—	—
Return on capital employed	13.7%^†	15.5%^†	—	—	—	—	—	—	—	—
Asset turnover	0.61x	0.69x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	4,694	-4,762	411	1,835	2,859
March 31, 2025	4,278	-2,881	-1,438	1,457	2,820
March 31, 2024	3,414	-3,187	-101	1,754	1,660
March 31, 2023	3,118	-2,137	-1,004	1,909	1,209
March 31, 2022	2,981	-2,512	-402	1,541	1,440

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	35,802	19,068	18,564	946	7,339	6,875	6,207	565	15,647	444
March 31, 2025	31,659	17,456	16,952	1,119	5,236	8,178	5,992	222	15,495	609
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.