Torrent Power Ltd (TORNTPOWER) — shareholding pattern, promoter holding, financials and share price
About Torrent Power Ltd (TORNTPOWER)
Torrent Power Ltd operates in the Integrated Power Utilities industry, within the Power sector. It trades on the NSE as TORNTPOWER and on the BSE under scrip code 532779. Its ISIN is INE813H01021.
Torrent Power Ltd is a leading integrated power utility company in India with presence across generation, transmission and distribution of power. Its operations are spread across the states of Gujarat, Maharashtra, Uttar Pradesh and Karnataka. [1] It is a part of Torrent Group which has presence across pharmaceutical, power and city gas distribution business. [2]
Torrent Power Limited is an integrated private‑sector power utility operating across generation, transmission and distribution, with a reported operational capacity of c.5.04 GW as on 31 December 2025 and an installed+pipeline capacity of ~10.64 GW, serving licensed areas such as Ahmedabad, Surat, Dahej and franchise areas like Bhiwandi and Agra while owning transmission assets through TPGL.
The company is executing a large multi‑technology expansion: a 1,600 MW ultra‑supercritical coal project (₹22,000 crore), a multi‑GW renewables pipeline with ~2.3 GW contracted and ~4.3 GW under installation, and a 3,000 MW pumped storage hydro project (₹14,000 crore) tied to a long‑term MSEDCL agreement, indicating aggressive capex and multi‑year revenue visibility backed by PPAs.
Listed peers in Integrated Power Utilities: JSW Energy Ltd, NHPC Ltd, NTPC Green Energy Ltd, NLC India Ltd, SJVN Ltd, ACME Solar Holdings Ltd.
Valuation & Returns
10 Jul 2026At ₹1,419 a share on 10 Jul 2026, Torrent Power Ltd (TORNTPOWER) was valued at a price-to-earnings ratio of 28.96x against an industry P/E of 25.26x and a price-to-book of 4.06x on a book value of ₹349.58 per share as of Mar 2025. Solomo computes return on equity of 14.02% and return on capital employed of 16.07% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 28.96x
- Industry P/E
- 25.26x
- P/B
- 4.06x
- EPS (TTM)
- ₹49
- Book value / share
- ₹349.58
- ROE
- 14.02%
- ROCE
- 16.07%
- ROA
- 6.75%
- Debt / equity
- 0.5x
- Dividend yield
- 1.41%
- EBITDA margin
- 20.24%
- 52-week range
- ₹1,188 – ₹1,824
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Torrent Power Ltd (TORNTPOWER) reported revenue of ₹28,966 crore, net profit of ₹2,469 crore and earnings per share of ₹47.95. That compares with revenue of ₹29,165 crore and net profit of ₹3,059 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹6,406 crore and net profit ₹331 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 14,258 | 25,694 | 27,183 | 29,165 | 28,966 |
| Net profit (₹ cr) | 459 | 2,165 | 1,896 | 3,059 | 2,469 |
| EPS (₹) | 9.45 | 44.06 | 38.14 | 59.31 | 47.95 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 7.26% | 10.27% | 16.90% | 7.30% |
| Profit growth | 13.68% | 18.15% | 90.92% | 61.32% |
| Stock price CAGR | 24% | 24% | 33% | 2% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 51.09% of Torrent Power Ltd (TORNTPOWER) (unchanged from the previous quarter), foreign institutional investors (FII) hold 8.52% and domestic institutional investors (DII) hold 22.68%. Market capitalisation was ₹71,504 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2010.
Largest disclosed public shareholders in Jun 2026: SBI Mutual Funds 9%, Gujarat Urja Vikas Nigam Limited 6.95%, Life Insurance Corporation Of India 3.16%, Gujarat State Financial Services Ltd 2.36%, Axis Mutual Funds 2.04%, NPS Trust- A/C Sbi Pension Fund Scheme - Central Govt 1.57%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 51.09% | - | 8.52% | 22.68% | 48.91% |
| Mar 2026 | 51.09% | - | 8.4% | 22.83% | 48.91% |
| Dec 2025 | 51.09% | - | 8.32% | 22.73% | 48.91% |
| Sep 2025 | 51.09% | - | 8.81% | 22.16% | 48.91% |
| Jun 2025 | 51.09% | - | 9.8% | 21.42% | 48.91% |
| Mar 2025 | 51.09% | - | 9.43% | 21.9% | 48.91% |
| Dec 2024 | 51.09% | - | 9.94% | 21.21% | 48.91% |
| Sep 2024 | 53.57% | - | 8.89% | 19.03% | 46.43% |