Torrent Power Limited (TORNTPOWER) - Net Assets

Latest as of September 2025: Rs194.19 Billion INR ≈ $2.10 Billion USD

Based on the latest financial reports, Torrent Power Limited (TORNTPOWER) has net assets worth Rs194.19 Billion INR (≈ $2.10 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs403.09 Billion ≈ $4.36 Billion USD) and total liabilities (Rs208.90 Billion ≈ $2.26 Billion USD). 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. Check TORNTPOWER cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs194.19 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. Also explore Torrent Power Limited assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see TORNTPOWER market cap.

Year Net Assets Change
2025-03-31 Rs182.16 Billion
≈ $1.97 Billion		 +44.60%
2024-03-31 Rs125.97 Billion
≈ $1.36 Billion		 +9.67%
2023-03-31 Rs114.87 Billion
≈ $1.24 Billion		 +15.11%
2022-03-31 Rs99.79 Billion
≈ $1.08 Billion		 -2.36%
2021-03-31 Rs102.21 Billion
≈ $1.11 Billion		 +11.22%
2020-03-31 Rs91.89 Billion
≈ $993.77 Million		 +2.02%
2019-03-31 Rs90.08 Billion
≈ $974.14 Million		 +16.15%
2018-03-31 Rs77.55 Billion
≈ $838.72 Million		 +12.06%
2017-03-31 Rs69.21 Billion
≈ $748.48 Million		 +6.47%
2016-03-31 Rs65.01 Billion
≈ $703.01 Million		 -1.31%
2015-03-31 Rs65.86 Billion
≈ $712.30 Million		 +5.64%
2014-03-31 Rs62.35 Billion
≈ $674.28 Million		 +1.63%
2013-03-31 Rs61.35 Billion
≈ $663.45 Million		 +5.95%
2012-03-31 Rs57.90 Billion
≈ $626.20 Million		 +20.48%
2011-03-31 Rs48.06 Billion
≈ $519.74 Million		 +5.15%
2010-03-31 Rs45.70 Billion
≈ $494.27 Million		 +40.74%
2009-03-31 Rs32.47 Billion
≈ $351.19 Million		 +12.07%
2008-03-31 Rs28.98 Billion
≈ $313.36 Million		 +7.10%
2007-03-31 Rs27.05 Billion
≈ $292.58 Million		 --

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 Rs98.60 Billion 55.97%
Common Stock Rs5.04 Billion 2.86%
Other Comprehensive Income Rs38.14 Billion 21.65%
Other Components Rs34.38 Billion 19.51%
Total Equity Rs176.15 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
UNITED UTILITIES GP ADR/2
F:UUEA
 $9.46 Billion
Hainan Airlines Co Ltd A
SHG:600221
 $9.47 Billion
Turkish Airlines
IS:THYAO
 $9.48 Billion
Skechers USA Inc
NYSE:SKX
 $9.49 Billion
DocuSign Inc
NASDAQ:DOCU
 $9.44 Billion
SEI Investments Company
NASDAQ:SEIC
 $9.44 Billion
SKANSKA AB (SPONS.ADR)/1
F:SKN
 $9.43 Billion
Chongqing Rural Commercial Bank Co
SHG:601077
 $9.42 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 Rs29.89 Billion +16.97%
Dividends Paid Rs9.02 Billion -5.12%
Share Repurchases Rs34.40 Billion -19.53%
Share Issuances Rs34.40 Billion +19.53%
Other Comprehensive Income Rs-156.00 Million -0.09%
Other Changes Rs34.82 Billion +19.77%
Total Change Rs- 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: 4.80x
  • 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 30.32x to 4.80x 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 Rs57.26 Rs1736.00 x
2008-03-31 Rs61.17 Rs1736.00 x
2009-03-31 Rs68.41 Rs1736.00 x
2010-03-31 Rs83.87 Rs1736.00 x
2011-03-31 Rs101.16 Rs1736.00 x
2012-03-31 Rs121.93 Rs1736.00 x
2013-03-31 Rs129.18 Rs1736.00 x
2014-03-31 Rs131.34 Rs1736.00 x
2015-03-31 Rs138.76 Rs1736.00 x
2016-03-31 Rs134.63 Rs1736.00 x
2017-03-31 Rs143.41 Rs1736.00 x
2018-03-31 Rs160.62 Rs1736.00 x
2019-03-31 Rs186.64 Rs1736.00 x
2020-03-31 Rs190.45 Rs1736.00 x
2021-03-31 Rs211.90 Rs1736.00 x
2022-03-31 Rs206.88 Rs1736.00 x
2023-03-31 Rs229.08 Rs1736.00 x
2024-03-31 Rs250.96 Rs1736.00 x
2025-03-31 Rs361.45 Rs1736.00 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 Rs-1.99 Billion
2008 7.31% 5.83% 0.50x 2.53x Rs-777.36 Million
2009 12.54% 9.38% 0.51x 2.61x Rs822.18 Million
2010 21.10% 14.35% 0.59x 2.48x Rs4.40 Billion
2011 22.07% 16.16% 0.61x 2.23x Rs5.77 Billion
2012 21.74% 16.74% 0.54x 2.42x Rs6.77 Billion
2013 6.34% 4.85% 0.46x 2.83x Rs-2.24 Billion
2014 1.70% 1.23% 0.45x 3.08x Rs-5.15 Billion
2015 5.49% 3.55% 0.52x 2.99x Rs-2.96 Billion
2016 13.91% 8.03% 0.57x 3.03x Rs2.53 Billion
2017 6.22% 4.33% 0.48x 3.02x Rs-2.60 Billion
2018 12.21% 8.35% 0.50x 2.93x Rs1.70 Billion
2019 10.02% 6.94% 0.53x 2.74x Rs19.17 Million
2020 12.83% 8.71% 0.57x 2.58x Rs2.59 Billion
2021 12.68% 10.85% 0.51x 2.31x Rs2.73 Billion
2022 4.57% 3.18% 0.57x 2.52x Rs-5.40 Billion
2023 19.23% 8.24% 0.86x 2.72x Rs10.16 Billion
2024 15.20% 6.74% 0.81x 2.77x Rs6.27 Billion
2025 16.97% 10.25% 0.80x 2.08x Rs12.27 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: $54,562,329,084
  • Average return on equity (ROE) among peers: 2.19%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Torrent Power Limited (TORNTPOWER) Rs194.19 Billion 2.65% 1.08x $9.46 Billion
Adani Energy Solutions Limited (ADANIENSOL) $127.60 Billion 9.85% 3.23x $17.44 Billion
Adani Power Limited (ADANIPOWER) $2.78 Billion -0.82% 1.35x $46.27 Billion
Orient Green Power Company Limited (GREENPOWER) $12.71 Billion -5.50% 1.78x $159.08 Million
Jaiprakash Power Ventures Limited (JPPOWER) $52.31 Billion 3.09% 2.78x $1.46 Billion
JSW Energy Limited (JSWENERGY) $111.06 Billion 0.70% 1.41x $10.66 Billion
PTC India Limited (PTC) $36.57 Billion 7.01% 1.92x $664.89 Million
RattanIndia Power Limited (RTNPOWER) $38.90 Billion 0.98% 0.06x $587.73 Million

About Torrent Power Limited

NSE:TORNTPOWER India Utilities - Independent Power Producers
Market Cap
$9.46 Billion
Rs874.78 Billion INR
Market Cap Rank
#2323 Global
#95 in India
Share Price
Rs1736.00
Change (1 day)
+2.02%
52-Week Range
Rs1200.00 - Rs1772.50
All Time High
Rs1973.65
Categories
Companies in India Utilities - Independent Power Producers
About

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