ट्रेंडिंग न्यूज़

2700 Crore Railways Renewable Power Supply Project For 25 Years; Double Return

Torrent Power Ltd (NSE: TORNTPOWER): Torrent Power has informed us that the company has won the bid from Railways for a 100 MW renewable power supply project. The company has won the bid for a power supply project worth about Rs 2700 crore for 25 years. 

In a regulatory filing, the company stated that the project would be completed within 24 months after signing the power-purchase agreement.

The cost of the project is approximately ₹2700 crore. There is a 325 MW wind and solar capacity to supply 100 MW RTC power.

Stock Performance

Torrent Power shares rose today. It closed at Rs. 1,115, a 3.45 percent increase. The 52-week highest share price is Rs. 1,23,695.

The stock has seen an increase of 116.25 percent in the last year. Talking about shareholding, the promoters’ stake remains unchanged at 53.57 percent in the December 2023 quarter. Whereas mutual funds have increased their holdings from 16.03 percent to 16.35 percent.

Gujarat-based Torrent Power reported a consolidated profit of Rs 359.8 crore for the quarter ending December 2023, down about 47 percent from the previous financial year. The third-quarter income from operations also dropped 1.2 percent on an annual basis to Rs 63.66 billion.

About Torrent Power Ltd Company 

Torrent Power Limited is an integrated utility that generates, transmits, and distributes electricity in India. 

The company has a thermal power plant that generates 3,092 megawatts and renewable power plants that produce 1,804 Megawatts. 

The company also distributes power in Ahmedabad and Gandhinagar as well as Surat, Dahej SEZ, the UTs of Dadra & Nagar Haveli & Daman & Diu, covering an approximate area of 1,028 sq km. 

It is also a franchisee in the cities of Bhiwandi Agra and Shil-Mumbra-Kalwa, covering approximately 1,007 sq km. 

The company was founded in India in 2004. It is located in Ahmedabad. Torrent Power Limited, a subsidiary company of Torrent Investments Private Limited, was founded in 2004.

Fundamental Analysis of Torrent Power Ltd

Market Cap₹53,649 Cr.
Current Price₹ 1,116
52-wk High₹ 1,237 
52-wk Low₹ 484
Stock P/E29.0
Book Value₹ 247
Dividend1.16 %
ROCE18.3 %
ROE19.6 %
Face Value₹ 10.00
P/B Value4.53
OPM17.0 %
EPS₹ 38.5
Debt₹ 10,685 Cr.
Debt to Equity0.90

Torrent Power Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1200₹ 1380
2025₹ 1400₹ 1548
2026₹ 1600₹ 1789
2027₹ 1800₹ 2000
2028₹ 2145₹ 2356
2029₹ 2458₹ 2600
2030₹ 2648₹ 2789

Torrent Power Ltd Shareholding Pattern

Promoters Holding
Dec 202253.56%
Mar 202353.56%
June 202353.56%
Sept 202353.56%
Dec 202353.56%
FII Holding
Dec 20226.73%
Mar 20236.30%
June 20236.04%
Sept 20236.17%
Dec 20236.13%
DII Holding
Dec 202221.31%
Mar 202321.63%
June 202321.68%
Sept 202321.63%
Dec 202321.62%
Govt. Holding
Dec 20221.47%
Mar 20231.47%
June 20231.47%
Sept 20231.47%
Dec 20231.47%
Public Holding
Dec 202216.94%
Mar 202317.02%
June 202317.25%
Sept 202317.19%
Dec 202317.23%

Torrent Power Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 13,151 Cr
2020₹ 13,641 Cr
2021₹ 12,173 Cr
2022₹ 14,258 Cr
2023₹ 26,692 Cr

Last 5 Years’ Net Profit:

2019₹ 904 Cr
2020₹ 1,179 Cr
2021₹ 1,296 Cr
2022₹ 459 Cr
2023₹ 1,933 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.99
20200.85
20210.66
20220.92
20230.95

Last 10 Years’ Profit Growth:

10 Years:19%
5 Years:18%
3 Years:11%
Current Year:-21%

Last 10 years’ Return on Equity (ROE):

10 Years:11%
5 Years:14%
3 Years:14%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:12%
5 Years:17%
3 Years:24%
Current Year:14%

Conclusion

This article is a complete guide about Torrent Power Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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