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Torrent Power Limited

ISIN : INE813H01021
NSE : TORNTPOWER
BSE : 532779
Face Value : 10
Industry : Power Generation/Distribution

EPS : 38.14
EPS (TTM) : 47.61
Price to Earning (P/E) : 38.98
Book Value : 250.96
Price to Bookvalue (P/B) : 5.92
Dividend Yield : 0 %
Return on Equity (ROE) : 16.44 %
Return on Capital Employed (ROCE) : 15.62 %

Torrent Power share price (02-Apr-2026)
National Stock Exchange NSE
Open / Close	0 - 0 NAN %
Low / High	0 - 0 NAN %
Trade Volume	0
52 Week Low / High	0 - 0 NAN %
Bombay Stock Exchange BSE
Open / Close	1290 - 1331.3 3.2 %
Low / High	1285.15 - 1339 4.2 %
Trade Volume	24,365
52 Week Low / High	1188 - 1604.3 35 %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR TORRENT POWER LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	37436.5	65103.1	67031.5	64427.9	60378.7	73276.2	69609.2	63660.9	65285.8	90337.3
Total Income	38405.9	66186.2	67972.1	65264.4	61337	74133.2	70691.1	64196.5	66254.5	91100.2
Total Expenditure	27530.1	54498.9	55389.9	49991.2	49474.5	61428.4	57395.1	53220.3	54196.5	71758
Other Income	969.4	1083.1	940.6	836.5	958.3	857	1081.9	535.6	968.7	762.9
Operating Profit	10875.8	11687.3	12582.2	15273.2	11862.5	12704.8	13296	10976.2	12058	19342.2
Interest	1512.3	1859.8	2150.2	2280.1	1891.9	2272.5	2471.9	2354.9	2334.7	2600.9
Exceptional Items	-13000
PBDT	-3636.5	9827.5	10432	12993.1	9970.6	10432.3	10824.1	8621.3	9723.3	16741.3
Depreciation	3396.8	3116.9	3185.7	3218.8	3288.2	3319.6	3417.4	3487.8	3550.2	3594.8
Profit Before Tax	-7033.3	6710.6	7246.3	9774.3	6682.4	7112.7	7406.7	5133.5	6173.1	13146.5
Tax	-2159.6	1690.5	2404.4	2828.9	1843.1	1789.9	1981.2	1392.2	1702.7	3183.1
Profit After Tax	-4873.7	5020.1	4841.9	6945.4	4839.3	5322.8	5425.5	3741.3	4470.4	9963.4
Net Profit	-4873.7	5020.1	4841.9	6945.4	4839.3	5322.8	5425.5	3741.3	4470.4	9963.4
Equity Capital	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	-10.15	10.45	10.02	14.24	9.34	10.76	10.94	7.49	8.95	20.23
Diluted Eps After Extraordinary Items	-10.15	10.45	10.02	14.24	9.34	10.76	10.94	7.49	8.95	20.23
Diluted Eps Before Extraordinary Items	-10.15	10.45	10.02	14.24	9.34	10.76	10.94	7.49	8.95	20.23

STANDALONE QUARTERLY RESULT FOR TORRENT POWER LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	36334.5	46511.5	50167.1	48672.4	43011.2	53831.7	51064.3	46807.7	47865.9	71930.4
Total Income	37241.3	47608.4	51334	49619.9	44146.3	54835.4	52462.1	47733.9	49434.2	73381
Total Expenditure	27096.4	37040.5	39799.8	35335.3	33947.9	43778.1	41102.8	37772.5	38302.7	55441.5
Other Income	906.8	1096.9	1166.9	947.5	1135.1	1003.7	1397.8	926.2	1568.3	1450.6
Operating Profit	10144.9	10567.9	11534.2	14284.6	10198.4	11057.3	11359.3	9961.4	11131.5	17939.5
Interest	1384.4	1565.1	1762.2	1771.3	1584.8	1921.4	1942.9	1909.6	2040.4	2274.4
Exceptional Items	-13000
PBDT	-4239.5	9002.8	9772	12513.3	8613.6	9135.9	9416.4	8051.8	9091.1	15665.1
Depreciation	3153.3	2602.9	2626.2	2652.2	2707.5	2742.7	2771.5	2834.8	2883.5	2934.5
Profit Before Tax	-7392.8	6399.9	7145.8	9861.1	5906.1	6393.2	6644.9	5217	6207.6	12730.6
Tax	-2135.2	1592.2	2216.4	2911.7	1555.4	1604.4	1726	1379.6	1772.4	2996.3
Profit After Tax	-5257.6	4807.7	4929.4	6949.4	4350.7	4788.8	4918.9	3837.4	4435.2	9734.3
Net Profit	-5257.6	4807.7	4929.4	6949.4	4350.7	4788.8	4918.9	3837.4	4435.2	9734.3
Equity Capital	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2	4806.2
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	-10.94	10	10.26	14.46	9.05	9.96	10.23	7.98	9.23	20.25
Diluted Eps After Extraordinary Items	-10.94	10	10.26	14.46	9.05	9.96	10.23	7.98	9.23	20.25
Diluted Eps Before Extraordinary Items	-10.94	10	10.26	14.46	9.05	9.96	10.23	7.98	9.23	20.25

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR TORRENT POWER LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	142576	256941	271832
Total Income	144926	260760	275275
Total Expenditure	106666	209354	226240
Other Income	2350.4	3818.5	3443.2
Operating Profit	38260.4	51405.2	49035
Interest	6282.1	8182	9434
Exceptional Items	-13000
PBDT	18978.3	43223.2	39601
Depreciation	13338.6	12809.6	13775
Profit Before Tax	5639.7	30413.6	25826
Tax	1052.7	8766.9	6866
Profit After Tax	4587	21646.7	18960
Net Profit	4587	21646.7	18960
Equity Capital	4806.2	4806.2	4806.2
Face Value (IN RS)	10	10	10
Reserves	94625.6	105294	115811
Calculated EPS	9.45	44.06	38.14
Diluted Eps After Extraordinary Items	9.45	44.06	38.14
Diluted Eps Before Extraordinary Items	9.45	44.06	38.14

STANDALONE ANNUAL RESULT FOR TORRENT POWER LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	137157	188362	199570
Total Income	140118	192709	204466
Total Expenditure	103821	146124	160956
Other Income	2960.9	4346.4	4896
Operating Profit	36297.3	46585.1	43509.5
Interest	5815.6	6683.4	7814.3
Exceptional Items	-13000
PBDT	17481.7	39901.7	35695.2
Depreciation	12337.9	10588.8	11232.5
Profit Before Tax	5143.8	29312.9	24462.7
Tax	1046.7	8275.7	6482.4
Profit After Tax	4097.1	21037.2	17980.3
Net Profit	4097.1	21037.2	17980.3
Equity Capital	4806.2	4806.2	4806.2
Face Value (IN RS)	10	10	10
Reserves	94854	105390	115579
Calculated EPS	8.52	43.77	37.41
Diluted Eps After Extraordinary Items	8.52	43.77	37.41
Diluted Eps Before Extraordinary Items	8.52	43.77	37.41

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR TORRENT POWER LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Operating Income	12172.7 Cr	14257.6 Cr	25694.1 Cr	27183.2 Cr
Earning From Sale of Electrical Energy	11772.5 Cr	13238.4 Cr	22006.8 Cr	25696 Cr
Operating Income (Net)	12172.7 Cr	14257.6 Cr	25694.1 Cr	27183.2 Cr
Increase/Decrease in Stock	8.86 Cr	-11.11 Cr	-29.19 Cr	20.45 Cr
Power Generation & Distribution Cost	7201.45 Cr	9154.15 Cr	19229.4 Cr	20575.6 Cr
Cost of power purchased	3576.21 Cr	5540.49 Cr	14980.8 Cr	14329 Cr
Cost of Fuel	3610.55 Cr	3403.4 Cr	2508.23 Cr	5647.95 Cr
Wheeling & Transmission Charges Payable	34.36 Cr	13.08 Cr	6.21 Cr	13.95 Cr
Employee Cost	538.94 Cr	533.54 Cr	578.25 Cr	611.19 Cr
Salaries, Wages & Bonus	610.6 Cr	640.03 Cr	708.7 Cr	731.92 Cr
Contributions to EPF & PensionFunds	42.67 Cr	45.02 Cr	48.88 Cr	52.42 Cr
Workmen and Staff Welfare Expenses	26.26 Cr	30.56 Cr	28.94 Cr	34.17 Cr
Operating Expenses	618.87 Cr	734.74 Cr	786.04 Cr	941.09 Cr
Cost of Elastimold , Store & Spares Consumed	195.91 Cr	236.76 Cr	195.8 Cr	295.92 Cr
Repairs and Maintenance	385.68 Cr	457.14 Cr	545.19 Cr	596.06 Cr
General and Administration Expenses	151.26 Cr	182.85 Cr	237.68 Cr	276.04 Cr
Rent , Rates & Taxes	26.75 Cr	31.61 Cr	37.79 Cr	54.33 Cr
Insurance	36.03 Cr	46.46 Cr	50.53 Cr	50.65 Cr
Professional and legal fees	34.44 Cr	48.83 Cr	79.68 Cr	97.66 Cr
Miscellaneous Expenses	188.04 Cr	129.71 Cr	157.28 Cr	325.26 Cr
Bad debts /advances written off	54.55 Cr	46.83 Cr	4.02 Cr	12.41 Cr
Provision for doubtful debts	14.62 Cr	-32.71 Cr	0	0
Loss on disposal of fixed assets(net)	12.03 Cr	23.66 Cr	29.91 Cr	37.19 Cr
Loss on foreign exchange fluctuations	10.71 Cr	12 Lk	11.4 Cr	4.19 Cr
Loss on sale of non-trade current investments	0	2.2 Cr	0	0
Total Expenditure	8707.42 Cr	10723.9 Cr	20959.5 Cr	22749.6 Cr
Other Income	141.81 Cr	292.31 Cr	405.88 Cr	469.89 Cr
Interest Received	79.66 Cr	66.62 Cr	68.84 Cr	56.8 Cr
Profit on sale of Fixed Assets	3.56 Cr	30.05 Cr	44.84 Cr	40.01 Cr
Profits on sale of Investments	0	28.93 Cr	0	5 Lk
Foreign Exchange Gains	22 Lk	5.46 Cr	63 Lk	21 Lk
Operating Profit	3607.05 Cr	3826.04 Cr	5140.52 Cr	4903.5 Cr
Interest	775.73 Cr	628.21 Cr	818.2 Cr	943.4 Cr
InterestonDebenture / Bonds	167.15 Cr	164.06 Cr	267.95 Cr	276.22 Cr
Intereston Term Loan	532.28 Cr	414.15 Cr	473.9 Cr	555.5 Cr
Intereston Fixed deposits	53.14 Cr	51.81 Cr	64.56 Cr	119.29 Cr
Bank Charges etc	24.33 Cr	19.39 Cr	15 Cr	25.76 Cr
PBDT	2831.32 Cr	3197.83 Cr	4322.32 Cr	3960.1 Cr
Depreciation	1279.55 Cr	1333.86 Cr	1280.96 Cr	1377.5 Cr
Profit Before Taxation & Exceptional Items	1551.77 Cr	1863.97 Cr	3041.36 Cr	2582.6 Cr
Exceptional Income / Expenses	0	-1300 Cr	0	0
Profit Before Tax	1551.77 Cr	563.97 Cr	3041.36 Cr	2582.6 Cr
Provision for Tax	255.9 Cr	105.27 Cr	876.69 Cr	686.6 Cr
Current Income Tax	287.84 Cr	372.48 Cr	669.53 Cr	452.65 Cr
Deferred Tax	-31.95 Cr	-267.21 Cr	203.87 Cr	241.53 Cr
Profit After Tax	1295.87 Cr	458.7 Cr	2164.67 Cr	1896 Cr
Minority Interest	-4.94 Cr	-4.72 Cr	-47.24 Cr	-62.77 Cr
Consolidated Net Profit	1290.93 Cr	453.98 Cr	2117.43 Cr	1833.23 Cr
Profit Balance B/F	4741.24 Cr	5840.91 Cr	5645.6 Cr	6702.17 Cr
Appropriations	6032.17 Cr	6294.89 Cr	7763.03 Cr	8535.4 Cr
Equity Dividend %	110	90	260	160
Earnings Per Share	26.86	9.45	44.06	38.14
Adjusted EPS	26.86	9.45	44.06	38.14

STANDALONE PROFIT / LOSS FOR TORRENT POWER LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Operating Income	11776.5 Cr	13715.7 Cr	18836.2 Cr	19957 Cr
Earning From Sale of Electrical Energy	11527.4 Cr	12989 Cr	15518.4 Cr	18979.2 Cr
Operating Income (Net)	11776.5 Cr	13715.7 Cr	18836.2 Cr	19957 Cr
Power Generation & Distribution Cost	7086.26 Cr	8880.68 Cr	13097.8 Cr	14329.6 Cr
Cost of power purchased	3425.81 Cr	5443.25 Cr	10562.9 Cr	8638.21 Cr
Cost of Fuel	3610.55 Cr	3403.4 Cr	2508.23 Cr	5647.95 Cr
Wheeling & Transmission Charges Payable	31.55 Cr	11.44 Cr	2.35 Cr	11.18 Cr
Employee Cost	521.76 Cr	514.07 Cr	513.85 Cr	544.02 Cr
Salaries, Wages & Bonus	589.24 Cr	617.34 Cr	644.89 Cr	660.45 Cr
Contributions to EPF & PensionFunds	40.71 Cr	42.94 Cr	43.77 Cr	46.32 Cr
Workmen and Staff Welfare Expenses	25.36 Cr	29.13 Cr	25.28 Cr	28.92 Cr
Operating Expenses	570.11 Cr	685.82 Cr	678.13 Cr	820.47 Cr
Cost of Elastimold , Store & Spares Consumed	193.5 Cr	233.72 Cr	174.8 Cr	278.14 Cr
Repairs and Maintenance	376.61 Cr	452.1 Cr	460.76 Cr	496.14 Cr
General and Administration Expenses	141.94 Cr	165.08 Cr	208.84 Cr	216.53 Cr
Rent , Rates & Taxes	25.41 Cr	28.75 Cr	35.86 Cr	48.42 Cr
Insurance	33.37 Cr	43.06 Cr	42.33 Cr	39.39 Cr
Professional and legal fees	31.45 Cr	39.95 Cr	64.03 Cr	58.99 Cr
Selling and Distribution Expenses	36.87 Cr	40.26 Cr	0	0
Freight outwards	36.87 Cr	40.26 Cr	0	0
Miscellaneous Expenses	187.81 Cr	124.23 Cr	145.64 Cr	291.02 Cr
Bad debts /advances written off	49.81 Cr	47 Cr	3.89 Cr	8.7 Cr
Provision for doubtful debts	21.48 Cr	-40.9 Cr	0	2.18 Cr
Loss on disposal of fixed assets(net)	12.03 Cr	25.73 Cr	29.9 Cr	25.93 Cr
Loss on foreign exchange fluctuations	10.71 Cr	12 Lk	11.34 Cr	1.44 Cr
Loss on sale of non-trade current investments	0	47 Lk	0	0
Total Expenditure	8544.75 Cr	10410.1 Cr	14644.2 Cr	16201.6 Cr
Other Income	250.28 Cr	324.13 Cr	466.5 Cr	595.62 Cr
Interest Received	154.29 Cr	144.3 Cr	163.51 Cr	232.92 Cr
Dividend Received	30.75 Cr	14.65 Cr	30.98 Cr	33.74 Cr
Profit on sale of Fixed Assets	3.39 Cr	30.04 Cr	44.83 Cr	39.49 Cr
Profits on sale of Investments	0	28.93 Cr	0	5 Lk
Foreign Exchange Gains	4 Lk	5.32 Cr	63 Lk	0
Operating Profit	3482.05 Cr	3629.73 Cr	4658.51 Cr	4350.95 Cr
Interest	718.96 Cr	581.56 Cr	668.34 Cr	781.43 Cr
InterestonDebenture / Bonds	151.55 Cr	122.23 Cr	190.39 Cr	197.54 Cr
Intereston Term Loan	498.98 Cr	411.6 Cr	433.24 Cr	512.93 Cr
Intereston Fixed deposits	53.14 Cr	51.81 Cr	56.91 Cr	106.73 Cr
Bank Charges etc	11.4 Cr	9.46 Cr	10.03 Cr	10.21 Cr
PBDT	2763.09 Cr	3048.17 Cr	3990.17 Cr	3569.52 Cr
Depreciation	1179.85 Cr	1233.79 Cr	1058.88 Cr	1123.25 Cr
Profit Before Taxation & Exceptional Items	1583.24 Cr	1814.38 Cr	2931.29 Cr	2446.27 Cr
Exceptional Income / Expenses	0	-1300 Cr	0	0
Profit Before Tax	1583.24 Cr	514.38 Cr	2931.29 Cr	2446.27 Cr
Provision for Tax	258.33 Cr	104.67 Cr	827.57 Cr	648.24 Cr
Current Income Tax	284.47 Cr	367.45 Cr	629.14 Cr	409.43 Cr
Deferred Tax	-26.15 Cr	-262.78 Cr	193.12 Cr	244.73 Cr
Profit After Tax	1324.91 Cr	409.71 Cr	2103.72 Cr	1798.03 Cr
Consolidated Net Profit	1324.91 Cr	409.71 Cr	2103.72 Cr	1798.03 Cr
Profit Balance B/F	4774.97 Cr	5907.9 Cr	5699.74 Cr	6751.47 Cr
Appropriations	6099.88 Cr	6317.61 Cr	7803.46 Cr	8549.5 Cr
Equity Dividend %	110	90	260	160
Earnings Per Share	27.57	8.52	43.77	37.41
Adjusted EPS	27.57	8.52	43.77	37.41

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR TORRENT POWER LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	1551.77 Cr	563.97 Cr	3041.36 Cr	2582.6 Cr
Adjustment	1946.19 Cr	2997.42 Cr	1828.14 Cr	1934.89 Cr
Changes In working Capital	-254.62 Cr	-163.16 Cr	-923.63 Cr	238.49 Cr
Cash Flow after changes in Working Capital	3243.34 Cr	3398.23 Cr	3945.87 Cr	4755.98 Cr
Cash Flow from Operating Activities	2987.56 Cr	3167.18 Cr	3455.78 Cr	4258.35 Cr
Cash Flow from Investing Activities	-910.46 Cr	-2483.12 Cr	-3215.96 Cr	-3544.43 Cr
Cash Flow from Financing Activitie	-2060.98 Cr	-501.93 Cr	-341 Cr	-551.32 Cr
Net Cash Inflow / Outflow	16.12 Cr	182.13 Cr	-101.18 Cr	162.6 Cr
Opening Cash & Cash Equivalents	91.16 Cr	107.28 Cr	289.41 Cr	188.23 Cr
Closing Cash & Cash Equivalent	107.28 Cr	289.41 Cr	188.23 Cr	350.83 Cr

STANDALONE CASH FLOW FOR TORRENT POWER LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	1583.24 Cr	514.38 Cr	2931.29 Cr	2446.27 Cr
Adjustment	1684.05 Cr	2777.81 Cr	1312.51 Cr	1316.94 Cr
Changes In working Capital	-343.33 Cr	-81.91 Cr	-660.35 Cr	88.51 Cr
Cash Flow after changes in Working Capital	2923.96 Cr	3210.28 Cr	3583.45 Cr	3851.72 Cr
Cash Flow from Operating Activities	2670.42 Cr	2980.8 Cr	3117.59 Cr	3413.69 Cr
Cash Flow from Investing Activities	-595.09 Cr	-2512.24 Cr	-2137.39 Cr	-3187.06 Cr
Cash Flow from Financing Activitie	-2058.86 Cr	-402.32 Cr	-1003.91 Cr	-101.05 Cr
Net Cash Inflow / Outflow	16.47 Cr	66.24 Cr	-23.71 Cr	125.58 Cr
Opening Cash & Cash Equivalents	79.42 Cr	95.55 Cr	161.79 Cr	138.08 Cr
Cash & Cash Equivalent on Amalgamation / Take over / Merger	-34 Lk	0	0	0
Closing Cash & Cash Equivalent	95.55 Cr	161.79 Cr	138.08 Cr	263.66 Cr

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR TORRENT POWER LIMITED

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR TORRENT POWER LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	26.86	9.45	44.06	38.14
CEPS(Rs)	53.59	37.3	71.69	68.11
DPS(Rs)	11	9	26	16
Book NAV/Share(Rs)	211.9	206.88	229.08	250.96
Tax Rate(%)	16.49	18.67	28.83	26.59
Margin Ratios
Core EBITDA Margin(%)	28.47	24.78	18.43	16.31
EBIT Margin(%)	19.12	8.36	15.02	12.97
Pre Tax Margin(%)	12.75	3.96	11.84	9.5
PAT Margin (%)	10.65	3.22	8.42	6.97
Cash Profit Margin (%)	21.16	12.57	13.41	12.04
Performance Ratios
ROA(%)	5.5	1.89	7.89	6
ROE(%)	13.4	4.56	20.66	16.44
ROCE(%)	12.93	6.44	19.04	15.62
Asset Turnover(x)	0.52	0.59	0.94	0.86
Sales/Fixed Asset(x)	0.49	0.54	0.88	0.83
Working Capital/Sales(x)	-73.58	-15.47	49.15	39.21
Efficiency Ratios
Fixed Capital/Sales(x)	2.02	1.85	1.14	1.21
Receivable days	40.48	38.69	27.34	29.79
Inventory Days	15.72	12.65	9.64	10.88
Payable days	37.93	0	0	0
Valuation Parameters
PER(x)	15.78	52.08	11.56	35.52
PCE(x)	7.91	13.19	7.11	19.89
Price/Book(x)	2	2.38	2.22	5.4
Yield(%)	2.6	1.83	5.1	1.18
EV/Net Sales(x)	2.3	2.27	1.35	2.81
EV/Core EBITDA(x)	7.75	8.47	6.74	15.56
EV/EBIT(x)	12.01	27.17	8.98	21.63
EV/CE(x)	1.19	1.3	1.16	3.23
M Cap / Sales	1.67	1.66	0.95	2.4
Growth Ratio
Net Sales Growth(%)	-10.76	17.13	80.21	5.8
Core EBITDA Growth(%)	-3.39	6.07	34.36	-4.61
EBIT Growth(%)	62.83	-48.78	223.74	-8.64
PAT Growth(%)	9.92	-64.6	371.91	-12.41
EPS Growth(%)	9.95	-64.83	366.42	-13.42
Financial Stability Ratios
Total Debt/Equity(x)	0.76	0.92	0.95	0.96
Current Ratio(x)	0.97	0.85	1.08	1.09
Quick Ratio(x)	0.87	0.76	0.96	0.99
Interest Cover(x)	3	1.9	4.72	3.74
Total Debt/Mcap(x)	0.38	0.38	0.43	0.18

FINANCIAL RATIOS (STANDALONE) FOR TORRENT POWER LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	27.57	8.52	43.77	37.41
CEPS(Rs)	52.12	34.2	65.8	60.78
DPS(Rs)	11	9	26	16
Book NAV/Share(Rs)	213.29	207.36	229.28	250.48
Tax Rate(%)	16.32	20.35	28.23	26.5
Margin Ratios
Core EBITDA Margin(%)	27.44	24.1	22.26	18.82
EBIT Margin(%)	19.55	7.99	19.11	16.17
Pre Tax Margin(%)	13.44	3.75	15.56	12.26
PAT Margin (%)	11.25	2.99	11.17	9.01
Cash Profit Margin (%)	21.27	11.98	16.79	14.64
Performance Ratios
ROA(%)	5.8	1.77	8.48	6.52
ROE(%)	13.63	4.05	20.05	15.6
ROCE(%)	13.19	6.22	19.33	15.69
Asset Turnover(x)	0.52	0.59	0.76	0.72
Sales/Fixed Asset(x)	0.52	0.58	0.75	0.74
Working Capital/Sales(x)	-40.67	-101.75	57.25	22.7
Efficiency Ratios
Fixed Capital/Sales(x)	1.92	1.73	1.33	1.35
Receivable days	38.06	35.12	27.9	28.18
Inventory Days	15.25	10.97	10.5	11.81
Payable days	38.64	0	0	0
Valuation Parameters
PER(x)	15.37	57.7	11.64	36.21
PCE(x)	8.13	14.39	7.74	22.29
Price/Book(x)	1.99	2.37	2.22	5.41
Yield(%)	2.6	1.83	5.1	1.18
EV/Net Sales(x)	2.32	2.28	1.73	3.73
EV/Core EBITDA(x)	7.85	8.62	7	17.12
EV/EBIT(x)	11.88	28.56	9.06	23.08
EV/CE(x)	1.2	1.33	1.25	3.43
M Cap / Sales	1.73	1.72	1.3	3.26
Growth Ratio
Net Sales Growth(%)	-12.39	16.47	37.33	5.95
Core EBITDA Growth(%)	-5.07	4.24	28.34	-6.6
EBIT Growth(%)	60.12	-52.4	228.45	-10.33
PAT Growth(%)	7.01	-69.08	413.47	-14.53
EPS Growth(%)	7.01	-69.08	413.47	-14.53
Financial Stability Ratios
Total Debt/Equity(x)	0.7	0.79	0.76	0.81
Current Ratio(x)	0.94	0.98	1.06	1.14
Quick Ratio(x)	0.85	0.9	0.94	1.04
Interest Cover(x)	3.2	1.88	5.39	4.13
Total Debt/Mcap(x)	0.35	0.33	0.34	0.15

SHARE HOLDING PATTERN FOR TORRENT POWER LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	53.57	53.57	53.57	53.57	53.57	53.57	53.57	53.57	53.57	53.57
FII %	6.79	6.74	6.71	6.30	6.04	6.17	6.13	6.40	8.43	8.88
DII %	0.01	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.02
Public %	17.00	16.99	16.93	17.03	17.25	17.18	17.22	17.09	17.01	9.77

PEER COMPARISON FOR TORRENT POWER LIMITED

No.	Name
1	Reliance Infrastructure Limited
2	Tata Power Company Limited
3	NAVA LIMITED
4	NLC India Limited
5	Gujarat Industries Power Company Limited
6	Urja Global Limited
7	Energy Development Company Limited
8	BF Utilities Limited
9	PTC India Limited
10	NTPC Limited
11	Jaiprakash Power Ventures Limited
12	Torrent Power Limited
13	Indowind Energy Limited
14	Power Grid Corporation of India Limited
15	Reliance Power Limited
16	DPSC Limited
17	JSW Energy Limited
18	Karma Energy Limited
19	Adani Power Limited
20	NHPC Limited
21	RattanIndia Power Limited
22	SJVN Limited
23	Orient Green Power Company Limited
24	Indian Energy Exchange Limited
25	Sampann Utpadan India Limited
26	Adani Green Energy Limited
27	Inox Wind Energy Limited
28	GMR Power and Urban Infra Limited

CORPORATE ACTIONS FOR TORRENT POWER

Exchange Date	Purpose	Book Closure Dates
BSE 24-Jul-2024	Board Meeting - Quarterly Results	30-Jul-2024
BSE 22-May-2024	Dividend - Rs.4.0000 per share(40%)Final Dividend
BSE 17-May-2024	Board Meeting - Final Dividend & Audited Results	22-May-2024
BSE 16-May-2024	Board Meeting - Audited Results	22-May-2024
BSE 22-Mar-2024	SAST - Execution of SPA between the Company, PFC Consulting Limited and Solapur Transmission Limited.
BSE 16-Feb-2024	Dividend - Interim Dividend
BSE 01-Feb-2024	Board Meeting - Quarterly Results & Interim Dividend	08-Feb-2024
BSE 29-Dec-2023	SAST - Intimation for incorporation of a Wholly Owned Subsidiary
BSE 02-Nov-2023	Board Meeting - Quarterly Results	09-Nov-2023
BSE 03-Aug-2023	Board Meeting - Quarterly Results	10-Aug-2023
BSE 02-Aug-2023	SAST - Intimation for incorporation of a wholly owned subsidiary
BSE 29-May-2023	Dividend - Rs.4.0000 per share(40%)Final Dividend
BSE 23-May-2023	Board Meeting - Final Dividend & Audited Results	29-May-2023
BSE 12-May-2023	SAST - Intimation for incorporation of a Wholly Owned Subsidiary
BSE 19-Apr-2023	SAST - Intimation for incorporation of a Wholly Owned Subsidiary
BSE 22-Feb-2023	Dividend - Interim Dividend
BSE 22-Feb-2023	Dividend - Rs.13.0000 per share(130%)Special Dividend
BSE 08-Feb-2023	SAST - We would like to inform you that the Company has signed binding term sheet in relation to acquisition of 100% stake in Airpower Windfarms Private Limited
BSE 06-Feb-2023	Board Meeting - Quarterly Results & Interim Dividend	14-Feb-2023
BSE 03-Nov-2022	Board Meeting - Quarterly Results	10-Nov-2022
BSE 01-Aug-2022	Board Meeting - Quarterly Results	08-Aug-2022
BSE 01-Aug-2022	SAST - Acquisition of equity shares of Wind Two Renergy Private Limited from Inox Green Energy Services Limited (formerly known as Inox Wind Infrastructure ServicesLimited)
BSE 13-Jun-2022	SAST - Please find attached herewith Media Release on completion of transaction of acquisition of 100% securities of the Sunshakti Solar Power Projects Private Limited (the SPV), pursuant to Securities Purchase Agreement between Torrent Power Limited and SkyPower Southeast Asia Ill Investments Limited, SkyPower Southeast Asia Holdings 2 Limited (the Sellers) and Sunshakti Solar Power Projects Private Lim...
BSE 04-May-2022	Board Meeting - Final Dividend & Audited Results Inter alia, to consider Raising of funds by issuance of Non-Convertible Debentures upto = 2,000 Crore through Private Placement basis.	10-May-2022
BSE 25-Apr-2022	SAST - Share Purchase Agreement between Torrent Power Limited and SkyPower Southeast Asia III Investments Limited, SkyPower Southeast Asia Holdings 2 Limited (the Sellers) and Sunshakti Solar Power Projects Private Limited
BSE 25-Mar-2022	SAST - Please find attached herewith Media Release on completion of transaction of acquisition of 100% Equity Share Capital and all securities of LREHL Renewables India SPV 1 Private Limited, which operates 50 MW of Solar Power Plant in the state of Maharashtra.
BSE 15-Mar-2022	SAST - Pursuant to SEBI LODR and in furtherance to Company's intimation dated September 21, 2021, we inform that the Company has, pursuant to Share Purchase Agreement between Torrent Power Limited and CESC Limited, Haldia Energy Limited alongwith Nominal Shareholders (the Sellers) and Surya Vidyut Limited (SPV) as intimated earlier, completed transaction of acquisition of 100% Equity Share Capital of Sur...
BSE 15-Feb-2022	SAST - Pursuant to the SEBI LODR and further to the Company's intimation dated February 10, 2022, we inform that the Company has, pursuant to Share Purchase Agreement between Torrent Power Limited, Blue Daimond Properties Private Limited and Balrampur Chini Mills Limited, (the Sellers) and Visual Percept Solar Projects Private Limited (SPV) as intimated earlier, completed transaction of acquisition of 10...
BSE 10-Feb-2022	Dividend - Interim Dividend
BSE 10-Feb-2022	SAST - Share Purchase Agreement between Torrent Power Limited and Blue Daimond Properties Private Limited, Balrampur Chini Mills Limited (the Sellers) and Visual Percept Solar Projects Private Limited (the SPV)

CORPORATE ANNOUNCEMENTS FOR TORRENT POWER

Exchange Date	Category File	Description
BSE 30-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Compliance pursuant to Regulation 39(3) of SEBI LODR
BSE 30-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Compliance pursuant to Regulation 39(3) of SEBI LODR.
BSE 25-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Compliance pursuant Reg 39(3) of SEBI LODR.
BSE 22-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Analysts / Investors Meeting under Regulation 30 of SEBI LODR.
BSE 22-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation In continuation to our intimation letter dated October 20 2024 the participation of Company representatives in the Non-Deal Roadshow for group and one-on-one Meetings to be held on October 23 2024 has been rescheduled on October 24 2024 via virtual mode.
BSE 20-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Analysts / Investors Meeting under Regulation 30 of SEBI LODR
BSE 19-Oct-2024	General FILE	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011 The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 for Axis Mutual Fund
BSE 18-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate compliance pursuant to SEBI LODR.
BSE 17-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements Intimation for execution of SPA
BSE 10-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Compliance pursuant to Reg 39(3) of SEBI LODR
BSE 08-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements Intimation for execution of SSSA.
BSE 08-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Compliance pursuant to Reg 39(3) of SEBI LODR.
BSE 08-Oct-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Disclosure Pursuant to Regulation 74(5) of SEBI (DP) Regulation.
BSE 08-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Press Release / Media Release Media Release.
BSE 08-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Analysts / Investors Meetings under Regulation 30 of SEBI LODR.
BSE 08-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order Disclosure pursuant to Regulation 30 of SEBI LODR.
BSE 02-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Investor Presentation Investor Presentation in relation Non-deal Road Show
BSE 01-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Analysts / Investors Meeting under Regulation 30 of SEBI LODR.
BSE 28-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Analysts / Investors Meeting under Regulation 30 of SEBI LODR.
BSE 26-Sep-2024	General FILE	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011 The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 for Gujarat State Financial Services Ltd
BSE 26-Sep-2024	General FILE	Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011 The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 for Gujarat Urja Vikas Nigam Ltd
BSE 25-Sep-2024	Intimation FILE	Closure of Trading Window Closure of Trading Window for Designated persons of the Company
BSE 23-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Analyst / Investor Meeting under Regulation 30 of SEBI LODR.
BSE 17-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Press Release / Media Release Receipt of LOI from MSEDCL
BSE 17-Sep-2024	General Announcements FILE	Receipt Of Letter Of Intent From Maharashtra State Electricity Distribution Company Limited For Selection Of Successful Bidder For Supply Of 1500 MW Energy Storage Capacity From Pumped Hydro Storage Project. Receipt of LOI from MSEDCL
BSE 17-Sep-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Compliance pursuant to Regulation 39(3) of SEBI LODR.
BSE 16-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements Memorandum of understanding with Government of Gujarat
BSE 16-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Press Release / Media Release Media Release
BSE 13-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Analyst / Investor Meeting under Regulation 30 of SEBI LODR.
BSE 06-Sep-2024	General Announcements FILE	Violation Under Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations 2015 By Designated Person Report by Company for Violation of Code of Conduct

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
No Insider trading details found

BULK BLOCK DEALS FOR TORRENT POWER LIMITED

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
BSE 25-Oct-2022	Sell BLOCK	454,957 @ 485.75	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 25-Oct-2022	Buy BLOCK	454,957 @ 485.75	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 25-Oct-2022	Sell BLOCK	56,613 @ 485.75	ISHARES INDIA SC MAURITIUS COMPANY
BSE 25-Oct-2022	Buy BLOCK	56,613 @ 485.75	ISHARES MSCI INDIA SMALL-CAP ETF
BSE 17-Oct-2022	Sell BLOCK	454,522 @ 478.00	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 17-Oct-2022	Buy BLOCK	454,522 @ 478.00	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 17-Oct-2022	Sell BLOCK	56,556 @ 478.00	ISHARES INDIA SC MAURITIUS COMPANY
BSE 17-Oct-2022	Buy BLOCK	56,556 @ 478.00	ISHARES MSCI INDIA SMALL-CAP ETF
BSE 11-Oct-2022	Sell BLOCK	222,226 @ 491.35	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 11-Oct-2022	Buy BLOCK	222,226 @ 491.35	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 11-Oct-2022	Sell BLOCK	27,652 @ 491.35	ISHARES INDIA SC MAURITIUS COMPANY
BSE 11-Oct-2022	Buy BLOCK	27,652 @ 491.35	ISHARES MSCI INDIA SMALL-CAP ETF
BSE 19-Sep-2022	Sell BLOCK	179,691 @ 540.60	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 19-Sep-2022	Buy BLOCK	179,691 @ 540.60	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 19-Sep-2022	Sell BLOCK	22,177 @ 540.60	ISHARES INDIA SC MAURITIUS COMPANY
BSE 19-Sep-2022	Buy BLOCK	22,177 @ 540.60	ISHARES MSCI INDIA SMALL-CAP ETF
BSE 04-May-2022	Buy BLOCK	296,990 @ 536.70	ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF
BSE 04-May-2022	Sell BLOCK	296,990 @ 536.70	ISHARES CORE TOTAL INTERNATIONAL STOCK MAURITIUS CO

DIVIDEND BY TORRENT POWER LIMITED

Ex Dividend Date	Dividend Type	Dividend
14-Jun-2024	DIVIDEND	4
16-Feb-2024	INTERIM DIVIDEND	12
16-Jun-2023	DIVIDEND	4
22-Feb-2023	INTERIM DIVIDEND	9
22-Feb-2023	SPECIAL DIVIDEND	13
10-Feb-2022	INTERIM DIVIDEND	9
24-Jun-2021	DIVIDEND	5.5
16-Feb-2021	INTERIM DIVIDEND	5.5