Torrent Power share price today

Torrent Power Ltd's share price was ₹1,234.40 at the close on 4 November 2026. It has been falling for 13 weeks. That is 8.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,169 and ₹1,736, and at that close it sat 12% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Torrent Power Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running.

Over the last 11 years the share price moved +467% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Highest quarterly revenue in 8 quarters

   Revenue of ₹8,124 crore in the June 2026 quarter is the highest of the last 8 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Torrent Power reported revenue of ₹8,124 crore, up 2.8% from ₹7,906 crore a year earlier, and a profit of ₹662 crore, down 10.8% from ₹742 crore.

Torrent Power results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Torrent Power's management discussed these results on a call held on 3 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Torrent Power closed at ₹1,234.40 on 4 November 2026, down 3.7% from ₹1,281.20 a year earlier (7 November 2025) and up 139.4% over five years. Its highest weekly close since February 2016 was ₹1,973.65 on 18 October 2024.

Torrent Power share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: Torrent Power closed at ₹1,234.40, up 5.2% on the week and down 0.7% on the month. 3 Aug 2026: Torrent Power held its results call for April to June 2026. Management guided: Renewable commissioning: about 1.2 GW in FY27, about 400 MW by Q2, 1.4-1.6 GW in FY28 and balance in FY29.

Earlier

• Results for April to June 2026: Revenue up 2.8% and profit down 10.8% on a year earlier.
• 19 Jun 2026: ex-date for a dividend of ₹5 a share.
• 16 Feb 2026: ex-date for an interim dividend of ₹15 a share.

Torrent Power paid ₹20 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 1.62% at the ₹1,234.40 close on 4 November 2026. The last was a dividend of ₹5 a share, ex-date 19 June 2026.

Torrent Power dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Torrent Power Ltd paid out 42% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 3 August 2026, Torrent Power's management guided: Renewable commissioning: about 1.2 GW in FY27, about 400 MW by Q2, 1.4-1.6 GW in FY28 and balance in FY29.

“Our benchmark will be the IRR, not acquiring more and more capacity. That is the philosophy we are following, and we will continue to follow it going forward.”Management, on the call for April to June 2026

What management guided

• RE project capital spending: approximately ₹10,000 crore in FY27 within ₹29,600 crore total RE project capital spending.
• Nabha Power steady-state operating profit: around ₹1,000 crore.
• Anuppur thermal project: 1.6 GW commissioning in the next 6-7 years.
• Pumped-hydro: 3 GW commissioning in the next 3-4 years; Sholapur transmission commissioning this year.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 3 August 2026.

When Torrent Power reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: RE commissioning phasing and Sholapur transmission progress to track against onward-line readiness.

Torrent Power is on 4 of our India lists: 52 week high & low, Dividend stocks, Small & mid cap stocks and Power & green energy stocks.

Torrent Power Ltd earned ₹662 Cr of net profit in the Jun 2026 quarter, −10.8% on the same quarter a year earlier. Full-year FY26 profit was ₹2,469 Cr. Over 10 years profit has grown 10.6% a year on average. That is 8.1% of the quarter's revenue. The same quarter a year earlier earned ₹742 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹2,469 Cr (−19.3% on the year before).

Why profit moved: revenue changed +2.8% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +0.9% and revenue +4.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

Torrent Power Ltd reported ₹8,124 Cr of revenue in the Jun 2026 quarter, +2.8% on the same quarter a year earlier. Over 10 years it has grown 9.5% a year on average. The last full year, FY26, came in at ₹28,966 Cr. The last four reported quarters add to ₹29,184 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. MP thermal 1.6 GW: power sale agreement executed with MP Power Management Company at Rs 5.8983/kWh (Rs 4.22 fixed + Rs 6.00 variable); boiler, turbine, generator, balance-of-plant LoAs issued; environmental clearance received. COD planned within 66 months of PTA signing (PTA expected within 2 months from Nov 2025 concall). Pumped Storage: 3 GW total (2 GW contracted MSEDCL 40-year + 1 GW merchant); civil/hydro-mechanical + electrical/mechanical LoAs issued; environmental clearance secured; October 2028 COD goal. Together these add contracted baseload coal and storage capacity, both at declared IRR thresholds. These are FY30 to 31 earnings contributors, not near-term.

FY26 revenue was ₹28,966 Cr, −0.7% on the year before.

Recent pace: the last four quarters grew +4.0% on average, against 9.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +4.1%, against +0.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −14.8%, against +0.6% a year (rolling over).

Torrent Power Ltd's operating margin was 19.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 15.0% and 29.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Torrent Power has a 4 GW renewable pipeline with total capex Rs 28,000 Cr. FY26 commissioned only ~200 MW (lackluster, acknowledged). FY27 guide is 1.2 to 1.4 GW, a 6 to 7x step-up. 603 MW merchant wind (peak-hour planned) + 860 MW C&I under construction. Once commissioned, incremental EBITDA accrues at near-zero fuel cost. The SECI 367 MW project is 95% commissioned; final 5% awaits government land replacement (6 to 9 months). Operating leverage is real and multi-year, but the FY26 execution gap creates credibility discount on FY27 goals.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed +0.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 196% of Torrent Power Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹5,464 Cr of operating cash against ₹2,469 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹7,653 Cr of spending on assets, free cash was −₹2,189 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 196% of profit came in as cash: the cash cycle got 14 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 3.4× depreciation over three years. The next section checks what that spending is building.

Torrent Power Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 29 days in FY26, down from 43 days in FY21. It spent ₹15,170 Cr on assets over the last 3 years. Customers take 29 days to pay, and stock sits for 116 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹28,966 Cr, each day of that cycle ties up about ₹79.4 Cr, so roughly ₹2,301 Cr is tied up in the business at any time.

FY26: customers took 29 days to pay and stock sat for 116 days, about 3.8 months of sales sitting as stock, for a full cycle of 29 days, shorter than FY21's 43.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 116 days. Customers pay about 29 days after that. Suppliers are paid at 430 days. Together that makes the 29-day cycle.

Spending on assets: ₹15,170 Cr over the last 3 years, against ₹4,488 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹6,965 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Torrent Power Ltd's P/E is 26.7×, near the high end of its own history: higher than 81% of past readings. Its usual P/E (the middle reading) is 15.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.