Torrent Power (NSE: TORNTPOWER) share: Today, in this post we’ll discuss about Torrent Power latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
On April investors bought the stock that belonged to Torrent Power, a company associated with electricity. Previous day at the end of trading, this share increased by 4.72 percent, to approximately Rs 1422.
The reason behind the increase in this share is due to an order that was huge that the company received.
Order Details
Torrent Power has received a 150-MW wind-solar hybrid plan from its distribution arm.
The company recently informed the stock exchange – that an order letter has been received by the Torrent Power Limited-Distribution Unit, to set up 150MW (RE Power) grid-connected wind-solar hybrid projects in the Greenshoe option.
The project’s cost is around 1825 crore and it will be in operation within 24 months of the Power Purchase Agreement (PPA).
The contract period is 25 years beginning on the day of the commencement of the project. It is estimated that the power output assessed for wind and solar will be at a ratio of 2:1.
On March 16, Torrent Power received LOA from Torrent Power Limited-Distribution Unit for 300 MW (RE Power) grid-connected hybrid wind-solar projects, which are valued at around 3650 crore.
Expert Opinions On Shares
This stock has gained nearly 175% over the past the past 12 months.
Of the eleven analysts who track the stock, only three have “buy” ratings. While two have recommended holding and six have recommended sell.
About Torrent Power Ltd
Torrent Power Limited is an integrated utility that generates, transmits, and distributes electricity in India.
Torrent Power is the leading integrated power utility belonging to Torrent Group with an annual income of 37,600 crore.
Torrent Power is one of the biggest companies in the power industry of the nation. It is involved in the production of power transmission, distribution, and transmission.
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 | ₹ 68,348 Cr. |
| Current Price | ₹ 1,429.55 |
| 52-wk High | ₹ 1,515 |
| 52-wk Low | ₹ 512 |
| Stock P/E | 36.9 |
| Book Value | ₹ 247 |
| Dividend | 0.90 % |
| ROCE | 18.3 % |
| ROE | 19.6 % |
| Face Value | ₹ 10.00 |
| P/B Value | 5.74 |
| OPM | 17.0 % |
| EPS | ₹ 38.5 |
| Debt | ₹ 10,685 Cr. |
| Debt to Equity | 0.90 |
Torrent Power Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 1200 | ₹ 1500 |
| 2025 | ₹ 1512 | ₹ 1548 |
| 2026 | ₹ 1600 | ₹ 1789 |
| 2027 | ₹ 1800 | ₹ 2000 |
| 2028 | ₹ 2145 | ₹ 2356 |
| 2029 | ₹ 2458 | ₹ 2600 |
| 2030 | ₹ 2648 | ₹ 2789 |
Torrent Power Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 53.56% |
| Mar 2023 | 53.56% |
| June 2023 | 53.56% |
| Sept 2023 | 53.56% |
| Dec 2023 | 53.56% |
| FII Holding | |
| Dec 2022 | 6.73% |
| Mar 2023 | 6.30% |
| June 2023 | 6.04% |
| Sept 2023 | 6.17% |
| Dec 2023 | 6.13% |
| DII Holding | |
| Dec 2022 | 21.31% |
| Mar 2023 | 21.63% |
| June 2023 | 21.68% |
| Sept 2023 | 21.63% |
| Dec 2023 | 21.62% |
| Govt. Holding | |
| Dec 2022 | 1.47% |
| Mar 2023 | 1.47% |
| June 2023 | 1.47% |
| Sept 2023 | 1.47% |
| Dec 2023 | 1.47% |
| Public Holding | |
| Dec 2022 | 16.94% |
| Mar 2023 | 17.02% |
| June 2023 | 17.25% |
| Sept 2023 | 17.19% |
| Dec 2023 | 17.23% |
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:
| 2019 | 0.99 |
| 2020 | 0.85 |
| 2021 | 0.66 |
| 2022 | 0.92 |
| 2023 | 0.95 |
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.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.
