NSE: TORNTPOWER | BSE: 532779

Mid-range Performer

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1490.40 -48.70 (-3.16%)

26.83% Fall from 52W High

333.8K NSE+BSE Volume

NSE 02 May, 2025 3:31 PM (IST)

75,101.8

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Torrent Power Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TORNTPOWER, BSE:532779 Torrent Power Ltd.

Torrent Power Ltd.

14 Nov 2022

1490.40

-3.16%

Strong print boosted by LNG sales; distribution franchisees outperform

Accumulate: Torrent Power Ltd.

Recommendation Target

ICICI Securities Limited

Torrent Power’s (TPW) Q2FY23 performance was boosted by strong performance in the distribution business, particularly franchised distribution (DF).

Torrent Power Ltd.'s price crossed below 30Day SMA today

Torrent Power Ltd.

10 Aug 2022

1490.40

-3.16%

Distribution businesses boost profits

Sell: Torrent Power Ltd.

ICICI Securities Limited

Torrent Power’s (TPW) Q1FY23 numbers were bolstered by good performance in the distribution business, particularly franchised distribution (DF), and renewables.

Torrent Power Ltd. is trading above its 100 day SMA of 1453.3

Torrent Power Ltd.

08 Aug 2021

1490.40

-3.16%

Distribution business recovering

Neutral: Torrent Power Ltd.

Target

Motilal Oswal

Price capturing in a demand recovery; reiterate Neutral TPW's result highlights the benefit of better demand and lower T&D; losses in its distribution franchise (DF) business, leading to a 7%/43% YoY jump in...

Torrent Power Ltd.'s price crossed below 30Day SMA today

Torrent Power Ltd.

22 May 2021

1490.40

-3.16%

Distribution business normalizes

Neutral: Torrent Power Ltd.

Recommendation Target

Motilal Oswal

Price captures demand recovery; downgrade to Neutral Torrent Power (TPW)'s result highlights the benefit of normalizing demand in its Distribution Franchise (DF) business, offset by lower renewable generation. Reported EBITDA was up 11% YoY. While a fresh set of lockdowns could affect the performance of DFs, power demand and collections in DFs have not been significantly impacted thus far. We expect the co.'s DF business to improve over FY2223. However, with the recent run-up in the stock (+45% in the last six months), this...

Torrent Power Ltd. is trading below its 30 day SMA of 1523.2

Torrent Power Ltd.

21 May 2021

1490.40

-3.16%

Torrent Power (ADD): Good results; hopeful on DNH, selective on renewable bids

Accumulate: Torrent Power Ltd.

BOB Capital Markets Ltd.

Torrent Power (ADD): Good results; hopeful on DNH, selective on renewable bids

Torrent Power Ltd.'s price crossed below 30Day SMA today

Torrent Power Ltd.

22 Feb 2021

1490.40

-3.16%

Expanding its distribution presence

Buy: Torrent Power Ltd.

Target

Motilal Oswal

Torrent Power Ltd. has an average target of 1271.00 from 2 brokers.

Torrent Power Ltd.

19 May 2020

1490.40

-3.16%

Better performance of distribution drives beat

Buy: Torrent Power Ltd.

Target

Motilal Oswal

19 May 2020 Torrent Powers (TPW) 4QFY20 results highlight the improved performance of its distribution businesses (franchise and licensed) along with some benefit of merchant sales. EBITDA improved 17% YoY to INR8.3b. TPWs distribution business may get impacted due to lower volumes owing to the COVID-19 pandemic. However, a healthy balance sheet should help it to tide over this wave. TPWs 4QFY20 EBITDA rose 17% YoY to INR8.3b (v/s est. INR7.4b) amid lower T&D; losses and some merchant volumes. This was partly offset by the impact of new CERC norms on Sugen. The beat to our estimates was largely led by (1) improved performance of its distribution businesses (both franchise and licensed) amid lower T&D; losses, and (2) some merchant volumes. In addition, the company made a provision of (1) INR0.5b for possible cancellation of its SECI-V project, and (2) INR0.5b for bad debts adj.

Torrent Power Ltd. is trading below its 30 day SMA of 1523.2

Torrent Power Ltd.

18 Dec 2019

1490.40

-3.16%

Low LNG prices keep UnoSugen up and running

Buy: Torrent Power Ltd.

Target

Motilal Oswal

Key TPW has not tied-up new gas supplies for its UnoSugen PPA (effective from 1 Jul19). Instead, the company is (a) making use of gas tied up for Sugen (@USD6.5/mmbtu till Dec20) and (b) buying from spot, as required. While the Unosugen PPA has a ceiling on the cost of supply (INR5.6/kWh), current spot contract prices provide significant cushion (Exhibit 2). TPW believes that the natural gas market would remain oversupplied, and thus it would increase sourcing from spot contracts. Longer-term contracts (generally up to 1.5 years) could be entered, but pricing is done with reference to Brent (slope of ~10-11%) and resulting in higher cost. TPW has also contracted storage-cum-regasification capacity of 1mtpa at Petronet LNGs Dahej terminal for its imports. We note there is capacity in place to increase offtake, if required. Of the 17.5mtpa capacity at the Dahej terminal, only ~15.8 mtpa is contracted.

Torrent Power Ltd. is trading above its 100 day SMA of 1453.3

Torrent Power Ltd.

08 Nov 2019

1490.40

-3.16%

Model Trading Portfolio - Torrent Power

Torrent Power Ltd.

Edelweiss

Torrent Power is one of the leading brands in the Indian power sector.

Torrent Power Ltd. is trading above its 100 day SMA of 1453.3

Torrent Power Ltd.

06 Aug 2019

1490.40

-3.16%

Growth across segments barring Sugen

Buy: Torrent Power Ltd.

Target

Motilal Oswal

UnoSugen PPA kicks off but RE projects may be at risk EBITDA increased 9% YoY to INR8.3b (our estimate: INR8.1b) in 1QFY20, led by (a) increased merchant power sales, (b) higher renewable generation and (c) investments in the distribution license business. However, the gains from these segments were partly offset by the impact from the new CERC regulations on...

Number of FII/FPI investors decreased from 538 to 511 in Mar 2025 qtr

Is Torrent Power Ltd. worth buying?

251 Votes:

Buy 84.06%

Sell 7.57%

Hold 8.37%

RESEARCH REPORTS

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