NSE: TORNTPOWER | BSE: 532779

Mid-range Performer

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1284.40 15.80 (1.25%)

36.95% Fall from 52W High

394.6K NSE+BSE Volume

NSE 23 Sep, 2025 1:56 PM (IST)

64,721.4

Market Cap

High in industry

1.2

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.

10 Nov 2023

1284.40

1.25%

Torrent Power (HOLD): Gas trading tapers

Hold: Torrent Power Ltd.

Target

BOB Capital Markets Ltd.

Q2 revenue and PBT flattish YoY as gas trading and power sales in the short-term market tapered

Torrent Power Ltd. has an average target of 1438.00 from 2 brokers.

Torrent Power Ltd.

28 Mar 2023

1284.40

1.25%

TORRENT POWER LIMITED

Accumulate: Torrent Power Ltd.

Geojit BNP Paribas

Torrent Power Ltd. has lost -32.47% in the last 1 Year

Torrent Power Ltd.

14 Nov 2022

1284.40

1.25%

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. has lost -32.47% in the last 1 Year

Torrent Power Ltd.

10 Aug 2022

1284.40

1.25%

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 below all available SMAs

Torrent Power Ltd.

08 Aug 2021

1284.40

1.25%

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. has lost -32.47% in the last 1 Year

Torrent Power Ltd.

22 May 2021, 12:00AM

1284.40

1.25%

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 all available SMAs

Torrent Power Ltd.

21 May 2021

1284.40

1.25%

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. is trading below all available SMAs

Torrent Power Ltd.

22 Feb 2021, 12:00AM

1284.40

1.25%

Expanding its distribution presence

Buy: Torrent Power Ltd.

Target

Motilal Oswal

Torrent Power Ltd. is trading below all available SMAs

Torrent Power Ltd.

19 May 2020

1284.40

1.25%

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.

Number of FII/FPI investors increased from 511 to 523 in Jun 2025 qtr.

Torrent Power Ltd.

18 Dec 2019

1284.40

1.25%

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.

Number of FII/FPI investors increased from 511 to 523 in Jun 2025 qtr.

Is Torrent Power Ltd. worth buying?

264 Votes:

Buy 83.33%

Sell 7.2%

Hold 9.47%

RESEARCH REPORTS

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