Torrent Power Limited (TORNTPOWER) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Torrent Power Limited stock ₹818, price ₹1,271, that is 35.7% below the price, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ₹383.55 – ₹1,919 · fair‑value band ₹572.32 – ₹1,063 · the ₹1,271 price screens above the ₹817.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Torrent Power Limited, together with its subsidiaries, engages in the generation, renewables, transmission and distribution of electricity in India.
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The company owns thermal power plants with a generation capacity of 3,092 megawatts; solar power plants with a generation capacity of 2,319 megawatts peak; and wind power plants with a generation capacity of 2,581 megawatts.
It also distributes electricity in the cities of Ahmedabad, Gandhinagar, Surat, Dadra and Nagar Haveli, Daman and Diu, Dahej, and Dholera covering an area of 2,050 square kilometers; and operates as a franchisee for electricity distribution in the cities of Bhiwandi, Agra, and Shil-Mumbra-Kalwa covering an area of approximately 1,007 square kilometers.
In addition, the company is involved in the manufacture and supply of power cables and ancillary services. The company was incorporated in 2004 and is headquartered in Ahmedabad, India. Torrent Power Limited is a subsidiary of Torrent Investments Limited.
Stock analysis
Torrent Power Limited (TORNTPOWER) currently trades at ₹1,271, while our model-based Fair Value estimate is ₹817.60, 36% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹827.08 per share, and 1 of the 16 models we run sit above the ₹1,271 price.
Bear case: the Asset-Based group reads lowest at ₹242.62, and 15 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹572.32 (bear) to ₹1,063 (bull), the price of ₹1,271 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 36/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Torrent Power Limited reported revenue of ₹290B in FY2026 versus ₹141B in FY2022, a compound +19.8%/yr. Reported net income was ₹24.2B in FY2026, compounding +51.9%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹641B (≈ $6.8B) Mid · P/E ratio 26.5 · P/S ratio 2.06 · EPS (TTM) ₹48.02 · Dividend yield 1.6% · Net margin 7.8% · Return on equity 12.1% · Return on assets (EBIT) 10.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −48% fair-value upside, at −36%, TORNTPOWER screens cheaper than that median.
Fair Value models
Bear₹572.32Fair Value ₹817.60Bull₹1,063
Price ₹1,271 · Downside -35.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹17.04 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.2%
Start year 2021 (pandemic). Over 10 years: +10.0% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.4%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+16.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.4%
Dividend (yield on the price)1.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14.4% vs 18.3%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.19% → 14%
News mood ⓘNews mood, the average tone of recent news (4 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Independent Power Producers · 77 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−35.7% · Below median
Profitability
Return on equity (12 months)12.1% · Above median
Return on assets5.4% · Top 25%
Net margin (12 months)7.8% · Below median
Operating margin (12 months)13.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)24.4% · Top 25%
Dividend yield (12 months)1.6% · Below median
Balance sheet
Debt / equity0.62× · Above median
Valuation Multiplesvs Utilities - Independent Power Producers median · lower = cheaper
P/E (12 months)26.5× · Pricier than median
P/B3.36× · Priciest 25%
P/S (12 months)2.06× · Pricier than median
EV/EBITDA12.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)100· sector 2
PAST (return on equity)48· sector 31
HEALTH (low debt)69· sector 71
DIVIDEND (yield)31· sector 59
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Torrent Power Limited Fair Value". https://www.fairvalue-calculator.com/stock/TORNTPOWER
Frequently asked questions
Is Torrent Power Limited (TORNTPOWER) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹817.60 versus a price of ₹1,271, about 36% lower (overvalued).
What is the fair value of TORNTPOWER?
Our model-based fair value for Torrent Power Limited is ₹817.60 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹1,271.
What is the quality score of TORNTPOWER?
Torrent Power Limited has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Torrent Power Limited (TORNTPOWER)?
Our model-based price target is the fair value of ₹817.60 (as of Nov 7, 2026) from 16 valuation models. Cautious scenario ₹572.32, optimistic scenario ₹1,063. It is a calculation from audited fundamentals, not an analyst target.
What is the Torrent Power Limited stock forecast for 2026?
Our models put fair value at ₹817.60, about 36% lower versus a price of ₹1,271 (overvalued). Cautious scenario ₹572.32, optimistic scenario ₹1,063. The calculation is refreshed regularly with new filings.
What is the revenue of Torrent Power Limited (TORNTPOWER)?
Torrent Power Limited reported trailing-twelve-month revenue of about ₹311B (latest available figure, as of Nov 7, 2026).
Does Torrent Power Limited pay a dividend?
Torrent Power Limited currently shows a dividend yield of 1.57% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Torrent Power Limited (TORNTPOWER) and when is the ex-dividend date?
Torrent Power Limited pays a dividend of ₹20.00 per share a year, a dividend yield of 1.6%. The last ex-dividend date was Jun 19, 2026. A dividend has been paid every year since at least 2006. The payout ratio is 41.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Torrent Power Limited (TORNTPOWER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Torrent Power Limited it is ₹817.60 per share (as of Nov 7, 2026), against a price of ₹1,271. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Torrent Power Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TORNTPOWER trades above its calculated fair value: price ₹1,271, fair value ₹817.60, a gap of about −36% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TORNTPOWER?
No. The price is what the market pays today (₹1,271); the fair value is what the company's own numbers justify (₹817.60). For Torrent Power Limited the two are ₹453.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Torrent Power Limited worth?
The market values Torrent Power Limited at about ₹641B (market capitalisation, as of Nov 7, 2026). Per share that is ₹1,271; our models calculate a fair value of ₹817.60 per share.
What do the bullish and bearish scenarios say about TORNTPOWER?
Our models span a range for Torrent Power Limited: cautious scenario ₹572.32, base ₹817.60, optimistic ₹1,063 per share (as of Nov 7, 2026, price ₹1,271). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TORNTPOWER?
Torrent Power Limited trades at a price-to-earnings ratio of 26.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹817.60 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 20.0. Other multiples: P/B 3.4, P/S 2.1, EV/EBITDA 12.6.
How solid is the balance sheet of Torrent Power Limited (TORNTPOWER)?
Balance-sheet figures for Torrent Power Limited (as of Nov 7, 2026): return on equity 12.1%, debt of 0.62 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is TORNTPOWER from its 52-week high?
Torrent Power Limited trades at ₹1,271, about 28% below its 52-week high of ₹1,766 and 10% above the low of ₹1,158 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹817.60 is for.
Which stocks are comparable to Torrent Power Limited?
From the same area (Utilities) we also value Constellation Energy Corporation, Vistra Corp, Adani Power Limited, CGN Power Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Torrent Power Limited stock attractive at the current price?
The data as of Nov 7, 2026: price ₹1,271, calculated fair value ₹817.60 (−36%), Quality Score 36/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TORNTPOWER calculated?
We run Torrent Power Limited through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹817.60 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Torrent Power Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Torrent Power Limited (TORNTPOWER)?
The closing price on Nov 6, 2026 was ₹1,271. Our model-based fair value is ₹817.60, about 36% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Torrent Power Limited right now?
The price sits above even our optimistic bull case (₹1,063). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹572.32 to ₹1,063) leaves room in how you read the outcome.
Where does the earnings growth of Torrent Power Limited (TORNTPOWER) come from?
Earnings per share at Torrent Power Limited grew +17.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +11.4 %, EBIT margin −2.4 %, tax rate +2.5 %, residual (interest, one-offs) +5.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Torrent Power Limited
How large is the market capitalisation of Torrent Power Limited (TORNTPOWER)?
The market capitalisation of Torrent Power Limited is ₹641B (≈ $6.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Torrent Power Limited (TORNTPOWER)?
The price-to-sales ratio of Torrent Power Limited is 2.06 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Torrent Power Limited (TORNTPOWER)?
Earnings per share at Torrent Power Limited are ₹48.02 (price ÷ EPS = P/E 26.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Torrent Power Limited (TORNTPOWER)?
The dividend yield of Torrent Power Limited is 1.6% (payout 41.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Torrent Power Limited (TORNTPOWER)?
The net margin of Torrent Power Limited is 7.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Torrent Power Limited (TORNTPOWER)?
The return on equity (ROE) of Torrent Power Limited is 12.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Torrent Power Limited (TORNTPOWER)?
On an EBIT basis the return on assets of Torrent Power Limited is 10.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Torrent Power Limited (TORNTPOWER)?
The operating margin of Torrent Power Limited is 13.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Torrent Power Limited (TORNTPOWER)?
Revenue at Torrent Power Limited is growing +24.4% versus a year earlier (3y avg +4.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Torrent Power Limited (TORNTPOWER)?
Earnings per share at Torrent Power Limited are growing +13.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Torrent Power Limited (TORNTPOWER) generate?
The free cash flow of Torrent Power Limited is −₹31.7B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Torrent Power Limited (TORNTPOWER) carry?
The net debt of Torrent Power Limited is ₹131B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026