Torrent Power Limited (NSE: TORNTPOWER)

India flag India · Delayed Price · Currency is INR
1,502.10
-49.25 (-3.17%)
Dec 24, 2024, 3:30 PM IST
64.43%
Market Cap 756.91B
Revenue (ttm) 291.04B
Net Income (ttm) 22.43B
Shares Out 503.90M
EPS (ttm) 46.67
PE Ratio 32.18
Forward PE 27.04
Dividend 16.00 (1.03%)
Ex-Dividend Date n/a
Volume 460,580
Open 1,546.00
Previous Close 1,551.35
Day's Range 1,491.15 - 1,550.00
52-Week Range 894.00 - 2,037.00
Beta 0.40
Analysts n/a
Price Target n/a
Earnings Date Feb 7, 2025

About Torrent Power

Torrent Power Limited, together with its subsidiaries, engages in the generation, 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 2,077 megawatts peak; and wind power plants with a generation capacity of 2,199 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 ... [Read more]

Sector Utilities
Founded 2004
Employees 8,145
Stock Exchange National Stock Exchange of India
Ticker Symbol TORNTPOWER
Full Company Profile

Financial Performance

In 2023, Torrent Power's revenue was 271.83 billion, an increase of 5.80% compared to the previous year's 256.94 billion. Earnings were 18.33 billion, a decrease of -13.42%.

Financial Statements

News

Bajel Projects wins EPC contract for 400/220KV substation in Solapur, Maharashtra

Bajel Projects Limited has recently informed exchanges that the company has secured a prestigious Engineering, Procurement, and Construction (EPC) contract for the establishment of a 400/220KV substat...

12 days ago - Business Upturn

Torrent Power successfully completes ₹3,500 Crore QIP, oversubscribed 4x

Torrent Power’s distribution network covers over 4.13 million customers across major cities in Gujarat, Maharashtra, and Uttar Pradesh.

15 days ago - Business Upturn

Power staff oppose bid for privatisation, allege data manipulation by UPPCL

Power staff in Uttar Pradesh oppose UPPCL's efforts to privatize power distribution, alleging manipulated data and unfair pricing. Evidence reveals discrepancies in cost and recovery figures, further ...

20 days ago - The Times of India

Torrent Power shares surge over 5% as QIP issue opens at ₹1,555.75 per share

Torrent Power shares surged over 5% to ₹1,667.30 in early trading today after the company announced the opening of its Qualified Institutional Placement (QIP) issue. The company has set a floor price ...

22 days ago - Business Upturn

Torrent Power launches QIP, floor price set at Rs 1,555.75 per share

Torrent Power Limited has announced the opening of its Qualified Institutions Placement (QIP) to raise funds as part of its strategic initiatives.

22 days ago - Business Upturn

Torrent Power’s market cap gains Rs 4,683 crore as shares surge nearly 7%

Torrent Power Limited’s shares surged by 6.46% today, closing at Rs 1,608.35. This impressive rally added approximately Rs 4,683 crore to the company’s market capitalization, which now stands at Rs 77...

23 days ago - Business Upturn

Man threatens official during power theft raid

A man in Fatehwadi has been charged with threatening a Torrent Power manager during a raid on illegal power connections, highlighting the ongoing issue of electricity theft in Ahmedabad.

4 weeks ago - The Times of India

Torrent Power’s market cap drops by Rs 3,758 crore as stock falls 5% today

Torrent Power witnessed a significant drop of 5% today, with the share price falling from ₹1,645.10 to ₹1,562.80. This decline reduced the company’s market cap to an estimated ₹75,111 crore. Additiona...

5 weeks ago - Business Upturn

Torrent Power shares drop 2% on Q2 FY25 results

Torrent Power saw a dip in its stock price by over 2% in morning trade following the release of its Q2 FY25 financial results. Despite showing year-on-year (YoY) growth, the company’s sequential quart...

5 weeks ago - Business Upturn

Torrent Power Q2 FY25 results: Revenue up 3.1% YoY to Rs 7,175.81 crore; profit rises 14.8% YoY to Rs 495.72 crore

Torrent Power has reported its Q2 FY25 financial results, showing growth in both revenue and profit on a year-on-year (YoY) basis. The company’s revenue increased by 3.1% YoY to ₹7,175.81 crore, compa...

5 weeks ago - Business Upturn

Q2FY25 Earnings Today for Key Companies: Alkem, Apollo Tyres, Brigade, Deepak Nitrite, Eicher Motors, GRSE, Idea, PI Industries, Sun TV, Thermax, Torrent Power to announce results

The Q2FY25 earnings season continues as major companies are set to report their financial results on November 13, 2024. Here are the key expectations: Alkem: Revenue expected at ₹3,639 crore, up from ...

6 weeks ago - Business Upturn

Torrent Power signs share subscription agreement with Spectrum Dyes, Anubha Industries for renewable power supply

Torrent Power Limited announced the signing of a Share Subscription and Shareholders’ Agreement (SSSA) with Spectrum Dyes and Chemicals Private Limited, Anubha Industries Private Limited, and Torrent ...

6 weeks ago - Business Upturn

SBI Magnum Mid Cap Fund delivers 32.77% returns in last year, top holdings in Torrent Power and Sundaram Finance

The SBI Magnum Mid Cap Direct Plan-Growth is an equity mutual fund from SBI Mutual Fund. As of 09 Nov 2024, the fund has an impressive AUM of ₹22,338.38 Crores and an NAV of ₹263.373. SBI Magnum Mid C...

6 weeks ago - Business Upturn

Stocks to Buy This Diwali: AngelOne sees Torrent Power Ltd rising to ₹2,300, with an 18% upside

AngelOne has identified Torrent Power Ltd as a valuable stock pick for Diwali 2024, with a target price of ₹2,300. Currently trading at ₹1,953, Torrent Power offers an 18% upside potential. The compan...

2 months ago - Business Upturn

Torrent Power up 2% following stake sale agreement with Torrent Investments

Torrent Power shares jumped more than 2% to hit a 52-week high of Rs 1.993,00 after the company signed a Share Purchase Agreement to sell its 100% stake in Torrent Electricals Limited to its holding f...

2 months ago - Business Upturn

Stocks in focus today: JM Financial, IRB Infra, Tata Tech, Torrent Power, Timken India, Infosys, IRFC, and Premier Energies [Oct 10]

The Competition Commission of India (CCI) has approved JM Financial’s proposed acquisition of a 43% stake in JM Financial Credit Solutions Ltd (JMFCSL) and a 71.79% stake in JM Financial Asset Reconst...

2 months ago - Business Upturn

Torrent Power share price surges over 7% after getting order to supply 2,000 MW pumped storage in Maharashtra

Torrent Power shares jumped more than 7% in morning trade after the company received a contract from the Maharashtra government to supply 2,000 megawatt energy storage capacity from its upcoming plant...

2 months ago - Business Upturn

Morgan Stanley maintains Overweight on Torrent Power, expects 24.8% upside from current share price

Morgan Stanley has maintained its ‘Overweight’ rating on Torrent Power with a target price of ₹2,268, suggesting a 24.8% upside from the current market price of ₹1,817.95. The brokerage highlights Tor...

2 months ago - Business Upturn

Torrent Power’s pumped storage project to power Maharashtra for 40 years

Torrent Power Ltd has been awarded a contract by Maharashtra State Electricity Distribution Company Ltd for the long-term supply of 2,000 MW from a pumped hydro storage plant. The power will be source...

2 months ago - The Times of India

Torrent Power secures 2,000 MW energy storage contract from MSEDCL

Torrent Power has recently informed exchanges that the company has received two Letter of Awards from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a total of 2,000 MW of ene...

2 months ago - Business Upturn

Axis Growth Opportunities Fund sees 42.97% returns in last year, top holdings in Torrent Power & ICICI Bank

Axis Growth Opportunities Fund Direct-Growth is Axis Mutual Fund’s equity mutual fund scheme. The mutual fund has an AUM of ₹14,161.13 Crores and the current NAV is ₹35.750 as of October 5, 2024. The ...

2 months ago - Business Upturn

Torrent Power Stock: Share price surges 7% this week after receiving 1,500 MW pumped hydro storage project

Torrent Power share price jumped more than 7% this week after receiving 1,500 MW pumped hydro storage project from Maharashtra State Electricity Distribution Co. Limited. According to a company statem...

3 months ago - Business Upturn

Torrent Power stock delines over 4%

Shares of Torrent Power Ltd. (NSE: TORNTPOWER) fell 4.37% to ₹1,848.40 at 10:22 AM, reflecting a significant decline in the company’s stock. The stock opened at ₹1,932.00, which also marked its high f...

3 months ago - Business Upturn

Stock Market Today: Top gainers and losers in market today, September 18, 2024; Reliance Infra, Torrent Power, SBI Cards, Zee and more

Indian equity indices were unable to sustain early gains and closed in the red on September 18, with Nifty falling below 25,400. By the end of the session, the Sensex had dropped 131.43 points or 0.16...

3 months ago - Business Upturn

Torrent Power shares surge 4% after securing 1,500 MW pumped hydro storage project

Torrent Power shares jumped more than 4% in morning trade after the company secured a 1,500 MW pumped hydro storage project from Maharashtra State Electricity Distribution Co. Limited. The company eme...

3 months ago - Business Upturn