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    Torrent Power Limited

    Integrated private power utility: generation, transmission and distribution to 4.2M+ customers in India.

    Power
    Utilities
    View TORNTPOWER earnings calls
    ₹1,438.4
    -5.82% from avg

    Overview

    Price

    ₹1,438.4

    Market Cap

    ₹72.4k Cr

    Sector

    Power

    Utilities

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital481481481481481504504504
    Reserves8.7k9.7k9.5k10.5k11.6k17.1k18.3k18.6k
    Borrowings8.9k7.8k9.1k10.5k11.6k8.8k10.4k14.0k
    Other Liabilities5.5k5.5k5.9k8.3k9.6k10.0k11.1k12.0k
    Total Liabilities23.6k23.5k25.0k29.9k33.3k36.5k40.3k45.0k
    AssetsFixed Assets17.6k17.3k17.1k19.3k21.8k24.3k24.4k25.6k
    CWIP5688381.3k2.6k2.5k2.3k3.6k7.0k
    Investments7244664078049548951.6k1.5k
    Other Assets4.7k4.9k6.2k7.2k8.1k9.0k10.7k10.9k
    Total Assets23.6k23.5k25.0k29.9k33.3k36.5k40.3k45.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2.4k3.6k3.0k3.2k3.5k4.3k4.8k5.5k
    Cash from Investing-1.8k-1.1k-910-2.5k-3.2k-3.5k-3.6k-8.1k
    Cash from Financing-617-2.5k-2.1k-502-341-551-1.2k3.1k
    SummaryCapital Expenditure
    Free Cash Flow5372.3k1.7k1.4k432659608-2.2k
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    TORNTPOWER · CAPITAL_INTENSIVE

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