Torrent Power Limited
Torrent Power Limited, together with its subsidiaries, engages in the generation, renewables, transmission and distribution of electricity in India. 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 elect… Read more
Torrent Power Limited (TORNTPOWER) - Net Assets
Latest net assets as of September 2025: ₹194.19 Billion INR
Based on the latest financial reports, Torrent Power Limited (TORNTPOWER) has net assets worth ₹194.19 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹403.09 Billion) and total liabilities (₹208.90 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹194.19 Billion |
| % of Total Assets | 48.18% |
| Annual Growth Rate | 11.18% |
| 5-Year Change | 78.23% |
| 10-Year Change | 180.22% |
| Growth Volatility | 12.39 |
Torrent Power Limited - Net Assets Trend (2007–2025)
This chart illustrates how Torrent Power Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Torrent Power Limited (2007–2025)
The table below shows the annual net assets of Torrent Power Limited from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹182.16 Billion | +44.60% |
| 2024-03-31 | ₹125.97 Billion | +9.67% |
| 2023-03-31 | ₹114.87 Billion | +15.11% |
| 2022-03-31 | ₹99.79 Billion | -2.36% |
| 2021-03-31 | ₹102.21 Billion | +11.22% |
| 2020-03-31 | ₹91.89 Billion | +2.02% |
| 2019-03-31 | ₹90.08 Billion | +16.15% |
| 2018-03-31 | ₹77.55 Billion | +12.06% |
| 2017-03-31 | ₹69.21 Billion | +6.47% |
| 2016-03-31 | ₹65.01 Billion | -1.31% |
| 2015-03-31 | ₹65.86 Billion | +5.64% |
| 2014-03-31 | ₹62.35 Billion | +1.63% |
| 2013-03-31 | ₹61.35 Billion | +5.95% |
| 2012-03-31 | ₹57.90 Billion | +20.48% |
| 2011-03-31 | ₹48.06 Billion | +5.15% |
| 2010-03-31 | ₹45.70 Billion | +40.74% |
| 2009-03-31 | ₹32.47 Billion | +12.07% |
| 2008-03-31 | ₹28.98 Billion | +7.10% |
| 2007-03-31 | ₹27.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Torrent Power Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9859970000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹98.60 Billion | 55.97% |
| Common Stock | ₹5.04 Billion | 2.86% |
| Other Comprehensive Income | ₹38.14 Billion | 21.65% |
| Other Components | ₹34.38 Billion | 19.51% |
| Total Equity | ₹176.15 Billion | 100.00% |
Torrent Power Limited Competitors by Market Cap
The table below lists competitors of Torrent Power Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Komercní banka a.s.
PINK:KMERF
|
$2.66 Billion |
|
PGE Polska Grupa Energetyczna S.A
PINK:PPOEF
|
$2.66 Billion |
|
Simmons First National Corporation
NASDAQ:SFNC
|
$2.66 Billion |
|
Birkenstock Holding plc
NYSE:BIRK
|
$2.66 Billion |
|
Vontobel Holding AG
PINK:VONHF
|
$2.66 Billion |
|
Sunrun Inc
NASDAQ:RUN
|
$2.66 Billion |
|
CCR S.A
SA:CCRO3
|
$2.66 Billion |
|
China International Marine Containers (Group) Co. Ltd
F:OCM
|
$2.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Torrent Power Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 120,617,100,000 to 176,153,100,000, a change of 55,536,000,000 (46.0%).
- Net income of 29,885,000,000 contributed positively to equity growth.
- Dividend payments of 9,016,900,000 reduced retained earnings.
- Share repurchases of 34,397,700,000 reduced equity.
- New share issuances of 34,397,700,000 increased equity.
- Other comprehensive income decreased equity by 156,000,000.
- Other factors increased equity by 34,823,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹29.89 Billion | +16.97% |
| Dividends Paid | ₹9.02 Billion | -5.12% |
| Share Repurchases | ₹34.40 Billion | -19.53% |
| Share Issuances | ₹34.40 Billion | +19.53% |
| Other Comprehensive Income | ₹-156.00 Million | -0.09% |
| Other Changes | ₹34.82 Billion | +19.77% |
| Total Change | ₹- | 46.04% |
Book Value vs Market Value Analysis
This analysis compares Torrent Power Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.99x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 25.21x to 3.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | ₹57.26 | ₹1443.40 | x |
| 2008-03-31 | ₹61.17 | ₹1443.40 | x |
| 2009-03-31 | ₹68.41 | ₹1443.40 | x |
| 2010-03-31 | ₹83.87 | ₹1443.40 | x |
| 2011-03-31 | ₹101.16 | ₹1443.40 | x |
| 2012-03-31 | ₹121.93 | ₹1443.40 | x |
| 2013-03-31 | ₹129.18 | ₹1443.40 | x |
| 2014-03-31 | ₹131.34 | ₹1443.40 | x |
| 2015-03-31 | ₹138.76 | ₹1443.40 | x |
| 2016-03-31 | ₹134.63 | ₹1443.40 | x |
| 2017-03-31 | ₹143.41 | ₹1443.40 | x |
| 2018-03-31 | ₹160.62 | ₹1443.40 | x |
| 2019-03-31 | ₹186.64 | ₹1443.40 | x |
| 2020-03-31 | ₹190.45 | ₹1443.40 | x |
| 2021-03-31 | ₹211.90 | ₹1443.40 | x |
| 2022-03-31 | ₹206.88 | ₹1443.40 | x |
| 2023-03-31 | ₹229.08 | ₹1443.40 | x |
| 2024-03-31 | ₹250.96 | ₹1443.40 | x |
| 2025-03-31 | ₹361.45 | ₹1443.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Torrent Power Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.97%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.25%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.08x
- Recent ROE (16.97%) is above the historical average (11.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 2.65% | 5.16% | 0.23x | 2.19x | ₹-1.99 Billion |
| 2008 | 7.31% | 5.83% | 0.50x | 2.53x | ₹-777.36 Million |
| 2009 | 12.54% | 9.38% | 0.51x | 2.61x | ₹822.18 Million |
| 2010 | 21.10% | 14.35% | 0.59x | 2.48x | ₹4.40 Billion |
| 2011 | 22.07% | 16.16% | 0.61x | 2.23x | ₹5.77 Billion |
| 2012 | 21.74% | 16.74% | 0.54x | 2.42x | ₹6.77 Billion |
| 2013 | 6.34% | 4.85% | 0.46x | 2.83x | ₹-2.24 Billion |
| 2014 | 1.70% | 1.23% | 0.45x | 3.08x | ₹-5.15 Billion |
| 2015 | 5.49% | 3.55% | 0.52x | 2.99x | ₹-2.96 Billion |
| 2016 | 13.91% | 8.03% | 0.57x | 3.03x | ₹2.53 Billion |
| 2017 | 6.22% | 4.33% | 0.48x | 3.02x | ₹-2.60 Billion |
| 2018 | 12.21% | 8.35% | 0.50x | 2.93x | ₹1.70 Billion |
| 2019 | 10.02% | 6.94% | 0.53x | 2.74x | ₹19.17 Million |
| 2020 | 12.83% | 8.71% | 0.57x | 2.58x | ₹2.59 Billion |
| 2021 | 12.68% | 10.85% | 0.51x | 2.31x | ₹2.73 Billion |
| 2022 | 4.57% | 3.18% | 0.57x | 2.52x | ₹-5.40 Billion |
| 2023 | 19.23% | 8.24% | 0.86x | 2.72x | ₹10.16 Billion |
| 2024 | 15.20% | 6.74% | 0.81x | 2.77x | ₹6.27 Billion |
| 2025 | 16.97% | 10.25% | 0.80x | 2.08x | ₹12.27 Billion |
Industry Comparison
This section compares Torrent Power Limited's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $48,763,528,631
- Average return on equity (ROE) among peers: 20.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Torrent Power Limited (TORNTPOWER) | ₹194.19 Billion | 2.65% | 1.08x | $2.66 Billion |
| Adani Energy Solutions Limited (ADANIENSOL) | $10.70 Billion | 8.33% | 9.72x | $3.76 Billion |
| Adani Power Limited (ADANIPOWER) | $2.78 Billion | -0.82% | 1.35x | $9.37 Billion |
| Orient Green Power Company Limited (GREENPOWER) | $4.46 Billion | -12.90% | 3.25x | $83.17 Million |
| GVK Power & Infrastructure Limited (GVKPIL) | $12.45 Billion | -29.19% | 16.52x | $21.94 Million |
| Jaiprakash Power Ventures Limited (JPPOWER) | $5.49 Billion | 10.55% | 2.12x | $1.09 Billion |
| JSW Energy Limited (JSWENERGY) | $12.00 Billion | 22.67% | 0.77x | $3.13 Billion |
| Reliance Power Limited (RPOWER) | $212.35 Billion | 3.96% | 1.93x | $725.55 Million |
| RattanIndia Power Limited (RTNPOWER) | $43.64 Billion | 203.87% | 1.19x | $252.68 Million |
| Surana Telecom and Power Limited (SURANAT&P) | $638.41 Million | 2.02% | 2.15x | $7.94 Million |
| Tata Power Company Limited (TATAPOWER) | $183.11 Billion | 0.92% | 3.12x | $7.68 Billion |