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Torrent Group's power generation, transmission and distribution company, serving cities like Ahmedabad and Surat plus renewable projects.
Torrent Group's power generation, transmission and distribution company, serving cities like Ahmedabad and Surat plus renewable projects.
Moat: wide (regulatory licence, installed base). Long-standing regulated distribution licences in key Gujarat cities create a local monopoly.
Headquarters: Ahmedabad, India · Founded: 1996 · Employees: 24,581
Size Torrent Power (TORNTPOWER.NS) is an India Utilities company (Electric Utilities) with a market value of $6.78B, the 166th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,271 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against -3.6% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 8.2% over the last twelve months (peer median +8.9%); the operating margin is 13.4% (peer median 15.9%).
Valuation It trades at 23.3× forward earnings against a peer median of 15.2× (3rd most expensive of 21).
Capital Return on invested capital runs 8.7 points below its cost of capital (15.7% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹311B | ₹289B | ₹291B | ₹271B | ₹256B |
| Revenue growth | — | -1% | +7% | +6% | — |
| Gross profit | ₹64.8B | ₹48.0B | ₹45.3B | ₹38.2B | ₹39.9B |
| EBITDA | ₹58.3B | ₹58.0B | ₹54.0B | ₹46.3B | ₹47.8B |
| Net income | ₹24.2B | ₹24.2B | ₹29.9B | ₹18.3B | ₹21.2B |
| Free cash flow | n/a | -₹31.7B | -₹5.70B | -₹3.37B | -₹1.53B |
| Capital expenditure | n/a | ₹77.0B | ₹43.3B | ₹36.6B | ₹28.2B |
| Total debt | ₹234B | ₹140B | ₹88.4B | ₹116B | ₹105B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Torrent Power TORNTPOWER.NS | $6.78B | -26% | +8% | 13% | 23.3× | n/a |
| Tata Power TATAPOWER.NS | $11.9B | -20% | -4% | 13% | 25.0× | n/a |
| Adani Energy Solutions ADANIENSOL.NS | $18.9B | +5% | +33% | 25% | 37.4× | n/a |
| CESC CESC.NS | $1.77B | -32% | +9% | 12% | 9.9× | n/a |
| JSW Energy JSWENERGY.NS | $10.1B | -9% | +26% | 36% | 39.7× | n/a |
| Adani Power ADANIPOWER.NS | $41.6B | -11% | +8% | 23% | 29.4× | n/a |
| NTPC NTPC.NS | $33.2B | -19% | +7% | 20% | 12.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TORNTPOWER.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.8% | 0.0% | 8th highest of 21 |
| 6-month return | -25.8% | -3.6% | 2nd lowest of 21 |
| Distance from 52-week high | -30.3% | -17.1% | 6th lowest of 21 |
| Revenue growth (TTM) | +8.2% | +8.9% | 11th highest of 21 |
| Operating margin | 13.4% | 15.9% | 10th lowest of 21 |
| Forward P/E | 23.3× | 15.2× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -8.7 pp | -0.2 pp | lowest of 21 |
| EV / EBITDA | 14.9× | 11.2× | 5th most expensive of 15 |
| Net debt / EBITDA | 3.8× | 5.1× | 6th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Torrent Power TORNTPOWER.NS | India | $6.78B | -26% | +8% | 13% | 23.3× | n/a | n/a |
| Shenergy 600642.SS | China | $6.64B | +1% | -2% | 12% | 12.6× | -1.6% | +7.2% |
| HK Electric Investments & HK Electric Investments 2638.HK | Hong Kong | $6.99B | -3% | +4% | 42% | 17.1× | 3.5% | +3.1% |
| Companhia Energetica de Minas Gerais SA Sponsored ADR Pfd CIG | United States | $6.45B | -23% | +13% | 13% | 9.0× | -1.6% | +9.4% |
| Capital Power CPX.TO | Canada | $7.13B | -4% | +25% | 10% | 19.5× | 18.9% | +11.8% |
| TXNM Energy TXNM | United States | $6.41B | -1% | +10% | 24% | 22.5× | n/a | n/a |
| SPIC Hydropower 600292.SS | China | $7.26B | -34% | +301% | 28% | 72.6× | -6.8% | +27.0% |
| Inner Mongolia MengDian HuaNeng Thermal Power 600863.SS | China | $7.35B | +16% | -3% | 16% | 18.4× | -1.9% | +6.5% |
| ATCO ACO-X.TO | Canada | $6.15B | +25% | +5% | 12% | 16.8× | 15.0% | +5.5% |
| YTL 1773.T | Japan | $6.14B | +1% | +19% | 19% | 12.5× | n/a | n/a |
| Hera HER.MI | Italy | $6.14B | -3% | -11% | 8% | 11.9× | -8.9% | +12.6% |
| Enel Chile SA Sponsored ADR ENIC | United States | $6.06B | -6% | +16% | 19% | 9.4× | 3.4% | +6.9% |
| Sembcorp Industries U96.SI | Singapore | $7.91B | -8% | +8% | 11% | 11.5× | n/a | n/a |
| Companhia Paranaense de Energia Sponsored ADR ELPC | United States | $7.92B | -15% | +27% | 19% | 16.3× | -5.5% | +5.3% |
| Bkw BKW.SW | Switzerland | $8.12B | -17% | -5% | 11% | 14.1× | 1.6% | +7.4% |
| Ormat Technologies ORA | United States | $5.65B | -24% | +31% | 19% | 41.2× | n/a | n/a |
| China Southern Power Grid Energy Storage 600995.SS | China | $5.48B | -21% | +18% | 41% | 18.7× | n/a | n/a |
| Portland General Electric POR | United States | $5.47B | -5% | +3% | 16% | 12.9× | n/a | n/a |
| A2A A2A.MI | Italy | $8.55B | +4% | +14% | 8% | 11.9× | 2.8% | +15.6% |
| Huadian Power International 600027.SS | China | $8.61B | +3% | -7% | 6% | 13.2× | -0.4% | +6.3% |
| IDACORP IDA | United States | $8.63B | +2% | +4% | 23% | 21.7× | n/a | n/a |