In Week of Mar 28, 2026, Torrent Power Ltd (Power - Generation/Distribution) is outperforming Nifty 500 with +15.7% relative strength. Fundamentals: Strong. On a 8-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Favorable regulatory decisions already realized in Q3 FY26
“Saurabh Mashruwala: 'we got some favorable orders from the regulator which has, which is I would say added the bottom line of the company by about close to about 270 crores.'”
What: New renewable capacity driving growth
“Management: 'contribution from renewable generation increased by 24 crores mainly on accounts of higher PLF from the existing wind power projects due to better wind resources coupled with the contribution made by the newly commissioned solar capacity of 285 megawatts.'”
What: New PPA with MP Power Management Co.
“Management: 'during the quarter re pipeline increased by 500 megawatt for 1.6 gigawatt thermal project power purchase agreement Power supply agreement has been executed with MP Power Management Co.'”
Earnings deceleration risks from management commentary
Trigger: Continued regulatory changes affecting merchant market
Management view: Management noted this as a negative factor in thermal generation business performance
Monitor: Quarterly merchant power sales
Trigger: Continued asset expansion
Management view: Partially offset by reduction in finance costs from prepayment
Monitor: Maintenance expense ratio
Key quotes from recent conference calls
“we got some favorable orders from the regulator which has, which is I would say added the bottom line of the company by about close to about 270 crores. — Saurabh Mashruwala”
“contribution from renewable generation increased by 24 crores mainly on accounts of higher PLF from the existing wind power projects due to better wind resources coupled with the contribution made by the newly commissioned solar capacity of 285 megawatts. — Management”
“during the quarter re pipeline increased by 500 megawatt for 1.6 gigawatt thermal project power purchase agreement Power supply agreement has been executed with MP Power Management Co. — Management”
“our aspiration is to reach a 10 GHz of renewable capacities which we look at it, if commercials are favorable, we will definitely want to lock in those — Saurabh Mashruwala”
Forward-looking targets from management for FY26
Capex Plan
₹3100 Cr
Key Milestones
• 10 GW renewable capacity target
• 1.6 GW thermal project execution
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +4% | +27% | Inflection Up |
| PAT (Net Profit) | +34% | +80% | Stable |
| OPM | 21.0% | +400 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Torrent Power Ltd's latest quarterly results (Dec 2025) show
Torrent Power Ltd's profit is growing with an stable trend.
Torrent Power Ltd's revenue growth trend is turning around (inflection up).
Torrent Power Ltd's operating margin is volatile.
Torrent Power Ltd's long-term compounding rates
Torrent Power Ltd's earnings growth is stable with mixed signals on a sequential basis.
Torrent Power Ltd's trailing twelve month (TTM) performance
Torrent Power Ltd appears significantly undervalued based on our fair value analysis.
Torrent Power Ltd's current PE ratio is 21.6x.
Torrent Power Ltd's current PE is 21.6x.
Torrent Power Ltd's price-to-book ratio is 3.6x.
Torrent Power Ltd is rated Strong with a fundamental score of 63.52/100. This score is calculated from objective financial metrics
Torrent Power Ltd has a debt-to-equity ratio of N/A.
Torrent Power Ltd's return ratios over recent years
Torrent Power Ltd's operating cash flow is positive (FY2025).
Torrent Power Ltd's current dividend yield is 1.41%.
Torrent Power Ltd's shareholding pattern (Dec 2025)
Torrent Power Ltd's promoter holding has remained stable recently.
Torrent Power Ltd has been outperforming Nifty 500 for 8 consecutive weeks, indicating consistent outperformance.
Torrent Power Ltd is an established outperformer with 8 weeks of consecutive Nifty 500 outperformance.
Torrent Power Ltd has 3 key growth catalysts identified from recent earnings analysis
Torrent Power Ltd has 2 key risks worth monitoring
In Q3 FY26, Torrent Power Ltd's management highlighted
Torrent Power Ltd's management has provided the following forward guidance for FY26
Based on quantitative research signals, here is why Torrent Power Ltd may be worth studying
Torrent Power Ltd investment thesis summary:
Torrent Power Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
