Torrent Power Limited

BSE: 532779 NSE: TORNTPOWER
Torrent Power Limited - environment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L31200GJ2004PLC044068 Incorporated 29 April 2004 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: TORNTPOWER · BSE: 532779 Public Limited Company environment Fortune India 500 · #97 Nifty 500
Data last updated
Market Cap
₹58,906 Cr
TORNTPOWER · NSE
Share Price
₹1,178.40
+0.80% today
Revenue
₹29,009 Cr
FY 2025-26 · -0.7% YoY
EBITDA
₹5,541 Cr
Margin 19.1%
Net Profit
₹2,285 Cr
FY 2025-26 · -16.5% YoY
P/E (TTM)
25.6x
P/B 3.1x
ROE
13.5%
ROCE 13.4%
Debt / Equity
0.62
Interest cover 23.8x

About Torrent Power Limited

Data last updated:

Torrent Power Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Torrent Investments Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 29 April 2004 and has been in existence for over 22 years.

Torrent Power is ranked #97 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Samir Mehta and family are #10 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L31200GJ2004PLC044068. Its GSTIN is 24AACCT0294J1ZC (Gujarat). The company holds 7 GST registrations, of which 6 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532779 and NSE: TORNTPOWER.

The company has an authorised share capital of ₹4,370 Cr and a paid-up capital of ₹503.9 Cr. It was formerly known as Torrent Power Trading Private Limited. It is led by directors including Samir Uttamlal Mehta (Managing Director) and Jinal Sudhirbhai Mehta (Managing Director).

Its last annual general meeting (AGM) was held on 05 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at ''Samanvay'' 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹29,009 Cr, a decline of 0.7% compared to the previous year. For the same year it recorded a net profit of ₹2,284.73 Cr (net margin 7.9%) and EBITDA of ₹5,541.38 Cr (EBITDA margin 19.1%). The net worth stands at ₹19,075 Cr (up 8.3% YoY). Total assets are valued at ₹35,731 Cr (up 22.9% YoY).

The company has about 476 employees on its provident fund (EPFO) records. Its group structure includes 35 subsidiaries.

As per MCA filings, the company has open charges of ₹20,051 Cr and satisfied charges of ₹28,825 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website torrentpower.com.

Company details

CIN L31200GJ2004PLC044068
Registration Number 044068
Incorporation Date 29 April 2004
ROC Ahmedabad
Listing Status Listed - Listed on NSE (TORNTPOWER); Listed on BSE (532779)
Company Status Active
Date of Last AGM 05 August 2025
Date of Balance Sheet 31 March 2026
Parent Company Torrent Investments Private Limited
Compliance Status Active Compliant

CIN history

Torrent Power has one previous CIN (Corporate Identification Number): U31200GJ2004PLC044068. The current CIN is L31200GJ2004PLC044068, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L31200GJ2004PLC044068Current
U31200GJ2004PLC044068Previous
Key People
Samir Uttamlal Mehta Managing Director Jinal Sudhirbhai Mehta Managing Director Jigish Bhogilal Mehta Whole-Time Director

Recognitions & Rankings of Torrent Power

Fortune India 500 2025 edition
Rank#97
Total income
₹29,695 Cr
Profit
₹2,989 Cr
Last year #88
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#85
Valuation
₹79,090 Cr
2023 #129 2022 #168 2021 #163
India's Richest People 2026 edition · 1 director · Source: Hurun India
Stock market indices
Nifty 500 BSE 500

Contact details

Torrent Power Limited's registered office is in Ahmedabad, Gujarat. Its website is torrentpower.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    torrentpower.com
  • Registered Address
    ''Samanvay'' 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015
  • Industry
    Environment, Solar Energy Solutions, Wind Energy Solutions

To see the full contact details of Torrent Power Limited, buy the company report.

Comprehensive company report
Torrent Power Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Business activity

The main business activity of Torrent Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distribution

To see the full business activity and turnover split of Torrent Power Limited, buy the company report.

Financials of Torrent Power Limited

FY 2025-26 filings available

Torrent Power Limited reported revenue of ₹29,009 Cr (down 0.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹29,009 Cr
-0.7% YoY
EBITDA
₹5,541 Cr
+4.4% YoY
Profit After Tax
₹2,285 Cr
-16.5% YoY
Net Worth
₹19,075 Cr
+8.3% YoY
Total Assets
₹35,731 Cr
+22.9% YoY
Total Debt
₹13,971 Cr
+58.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue29,00929,20827,22025,72514,27812,19013,665
Revenue growth-0.7%+7.3%+5.8%+80.2%+17.1%-10.8%-
EBITDA5,5415,3074,5594,7592,2913,4652,556
EBITDA margin+19.1%+18.2%+16.8%+18.5%+16.1%+28.4%+18.7%
Profit before tax3,3173,2532,5833,0415641,552475
Net profit2,2852,7361,7522,0508741,2731,515
Net profit margin+7.9%+9.4%+6.4%+8.0%+6.1%+10.4%+11.1%
EPS (₹)47.9559.3138.1444.069.4526.8624.43
Balance sheet
Total assets35,73129,06826,02223,61120,53419,31519,340
Net worth19,07517,61512,06211,0109,94310,1849,154
Total debt13,9718,84011,63210,5419,1437,8178,908
Cash & bank831380419344352202280
Net working capital(102)1,5941,4321,335809606486
Cash flow
Cash from operations5,4644,8054,2583,4563,1672,9883,610
Cash from investing(8,088)(3,650)(3,544)(3,216)(2,483)(910)(1,129)
Cash from financing3,101(1,216)(551)(341)(502)(2,061)(2,506)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8,1246,4066,7787,8767,9066,4566,4997,176
Revenue growth (YoY)+2.8%-0.8%+4.3%+9.8%-12.5%---
Other income80.6670.8869.1577.91105114172125
EBITDA1,5381,1491,4031,5061,4831,1301,1121,207
EBITDA margin+18.9%+17.9%+20.7%+19.1%+18.8%+17.5%+17.1%+16.8%
Depreciation400421413389390389378371
Interest293252255216212236276272
Profit before tax925547805979985619630689
Tax263216150238244(458)141193
Net profit6623316557427421,077489496
EPS (₹)12.686.3112.7614.3614.5221.039.7610.01
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue21,88321,94619,98418,86113,73511,79413,466
Revenue growth-0.3%+9.8%+6.0%+37.3%+16.5%-12.4%-
EBITDA4,4964,3573,8614,2242,0343,2322,423
EBITDA margin+20.6%+19.9%+19.3%+22.4%+14.8%+27.4%+18.0%
Profit before tax3,3503,0982,4462,9315141,583546
Net profit2,4542,7121,7192,0357651,3081,662
Net profit margin+11.2%+12.4%+8.6%+10.8%+5.6%+11.1%+12.3%
EPS (₹)51.1056.5837.4143.778.5227.5725.76
Balance sheet
Total assets29,35025,81523,57721,04019,29418,73518,766
Net worth19,06817,45612,03811,0209,96610,2519,187
Total debt8,3116,3889,7448,4307,9087,2008,340
Cash & bank610297311282207189224
Net working capital5632,5731,4759971,363567461
Cash flow
Cash from operations4,6944,2783,4143,1182,9812,6703,469
Cash from investing(4,762)(2,881)(3,187)(2,137)(2,512)(595)(1,096)
Cash from financing411(1,438)(101)(1,004)(402)(2,059)(2,408)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6,0494,4805,0976,1066,1674,6924,7465,288
Revenue growth (YoY)-1.9%-4.5%+7.4%+15.5%-14.2%---
Other income183169157188173179162201
Total expenses4,9483,5493,9084,9004,9963,7653,8234,353
EBITDA1,1009311,1891,2061,171928923934
EBITDA margin+18.2%+20.8%+23.3%+19.8%+19.0%+19.8%+19.5%+17.7%
Depreciation271299294266277275269266
Interest207176191164164187232228
Profit before tax805624860963902644585641
Tax218192148217218(446)216177

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8,1246,4066,7787,8767,9066,4566,4997,176
Revenue growth (YoY)+2.8%-0.8%+4.3%+9.8%-12.5%---
Other income80.6670.8869.1577.91105114172125
EBITDA1,5381,1491,4031,5061,4831,1301,1121,207
EBITDA margin+18.9%+17.9%+20.7%+19.1%+18.8%+17.5%+17.1%+16.8%
Depreciation400421413389390389378371
Interest293252255216212236276272
Profit before tax925547805979985619630689
Tax263216150238244(458)141193
Net profit6623316557427421,077489496
EPS (₹)12.686.3112.7614.3614.5221.039.7610.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue29,00929,20827,22025,72514,27812,19013,665
Revenue growth-0.7%+7.3%+5.8%+80.2%+17.1%-10.8%-
Other income323487344382235142178
Total expenses23,46723,90022,66120,96711,9878,72511,109
Employee cost989937863825749719719
EBITDA5,5415,3074,5594,7592,2913,4652,556
EBITDA margin+19.1%+18.2%+16.8%+18.5%+16.1%+28.4%+18.7%
Depreciation1,6131,4971,3781,2811,3341,2801,304
Interest9341,045943818628776955
Profit before tax3,3173,2532,5833,0415641,552475
Tax847194687877105256(704)
Net profit2,2852,7361,7522,0508741,2731,515
Net profit margin+7.9%+9.4%+6.4%+8.0%+6.1%+10.4%+11.1%
EPS (₹)47.9559.3138.1444.069.4526.8624.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital504504481481481481481
Reserves & surplus18,57117,11111,58110,5299,4639,7048,673
Shareholders' funds (net worth)19,07517,61512,06211,0109,94310,1849,154
Minority interest63360053647735.9336.3635.63
Secured loans13,7338,53511,0879,7057,8546,8988,580
Unsecured loans2383045458361,289918328
Total debt13,9718,84011,63210,5419,1437,8178,908
Total liabilities35,73129,06826,02223,61120,53419,31519,340
Assets
Gross block41,57938,68134,80630,94127,52225,14924,124
Net block25,61124,28621,80219,26917,09717,32617,569
Capital work in progress6,9652,2502,4722,6251,297838568
Investments1,531895954804407466724
Inventories507658800820538450598
Sundry debtors2,3302,3622,1912,2461,6031,4201,280
Cash & bank balances831380419344352202280
Loans & advances4,0644,3474,1593,2552,4592,2302,058
Total current assets7,7327,7477,5696,6654,9524,3034,216
Total current liabilities7,8346,1536,1375,3304,1433,6963,730
Net working capital(102)1,5941,4321,335809606486
Total assets35,73129,06826,02223,61120,53419,31519,340
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash28935118828910791.16116
Net cash from operating activities5,4644,8054,2583,4563,1672,9883,610
Net cash from investing activities(8,088)(3,650)(3,544)(3,216)(2,483)(910)(1,129)
Net cash from financing activities3,101(1,216)(551)(341)(502)(2,061)(2,506)
Net change in cash478(61.72)163(101)18216.12(24.91)
Closing cash831380419344352202280
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-0.7%+7.3%+5.8%+80.2%+17.1%-10.8%-
EBITDA growth+4.4%+16.4%-4.2%+107.7%-33.9%+35.6%-
PBT growth+2.0%+25.9%-15.1%+439.3%-63.7%+226.8%-62.4%
Net income growth-16.5%+56.2%-14.6%+134.6%-31.3%-16.0%-
Revenue CAGR (3Y)+4.1%+26.9%+30.7%+23.5%+2.7%+1.9%+11.1%
EBITDA CAGR (3Y)+5.2%+32.3%+9.6%+23.0%-10.5%+3.6%+1.3%
Profitability & leverage
Net income margin+8.5%+10.5%+7.0%+8.4%+3.2%+10.6%+8.6%
Return on capital employed+13.4%+15.9%+14.5%+17.7%+12.2%+12.1%+12.3%
Return on net worth+13.5%+20.6%+16.4%+20.7%+8.7%+13.4%+16.8%
Debt / equity0.620.690.960.940.840.861.03
Long-term debt / equity0.530.580.820.770.690.750.91
Interest cover23.7927.4229.6523.5365.6335.4976.25
Efficiency & per share
Fixed asset turnover0.720.790.830.880.540.490.59
Inventory turnover49.7940.0533.5937.8928.9123.2522.31
Debtors turnover12.3712.8312.2713.379.459.0310.89
EPS (₹)47.9559.3138.1444.069.4526.8624.43
Dividend per share (₹)20.0019.0016.0026.009.0011.0011.60
Book value per share (₹)378.09349.16250.56228.72206.56211.62190.21
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6,0494,4805,0976,1066,1674,6924,7465,288
Revenue growth (YoY)-1.9%-4.5%+7.4%+15.5%-14.2%---
Other income183169157188173179162201
Total expenses4,9483,5493,9084,9004,9963,7653,8234,353
EBITDA1,1009311,1891,2061,171928923934
EBITDA margin+18.2%+20.8%+23.3%+19.8%+19.0%+19.8%+19.5%+17.7%
Depreciation271299294266277275269266
Interest207176191164164187232228
Profit before tax805624860963902644585641
Tax218192148217218(446)216177
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue21,88321,94619,98418,86113,73511,79413,466
Revenue growth-0.3%+9.8%+6.0%+37.3%+16.5%-12.4%-
Other income686687490435296250245
Total expenses17,38717,58816,12314,63711,7028,56211,043
Employee cost844841777748721694715
EBITDA4,4964,3573,8614,2242,0343,2322,423
EBITDA margin+20.6%+19.9%+19.3%+22.4%+14.8%+27.4%+18.0%
Depreciation1,1361,0721,1231,0591,2341,1801,230
Interest696874781668582719892
Profit before tax3,3503,0982,4462,9315141,583546
Tax775247648828105258(692)
Net profit2,4542,7121,7192,0357651,3081,662
Net profit margin+11.2%+12.4%+8.6%+10.8%+5.6%+11.1%+12.3%
EPS (₹)51.1056.5837.4143.778.5227.5725.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital504504481481481481481
Reserves & surplus18,56416,95211,55810,5399,4859,7718,707
Shareholders' funds (net worth)19,06817,45612,03811,0209,96610,2519,187
Secured loans8,2856,3549,6088,2017,2336,8788,012
Unsecured loans26.0733.69136230675322328
Total debt8,3116,3889,7448,4307,9087,2008,340
Total liabilities29,35025,81523,57721,04019,29418,73518,766
Assets
Gross block29,06327,79228,23625,78424,30323,07822,155
Net block15,85115,69216,14314,76614,30715,58215,791
Capital work in progress9577568161,6091,186838568
Investments7,2062,4162,7422,4941,4147811,021
Inventories444609646646438386598
Sundry debtors1,7181,6911,5661,5161,3641,2761,181
Cash & bank balances610297311282207189224
Loans & advances3,0464,8423,6822,8583,3472,2412,029
Total current assets5,8187,4396,2045,3015,3554,0924,031
Total current liabilities5,2544,8664,7294,3043,9923,5253,571
Net working capital5632,5731,4759971,363567461
Total assets29,35025,81523,57721,04019,29418,73518,766
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash22226413816295.5579.42114
Net cash from operating activities4,6944,2783,4143,1182,9812,6703,469
Net cash from investing activities(4,762)(2,881)(3,187)(2,137)(2,512)(595)(1,096)
Net cash from financing activities411(1,438)(101)(1,004)(402)(2,059)(2,408)
Net change in cash343(41.24)126(23.71)66.2416.13(34.91)
Closing cash610297311282207189224
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-0.3%+9.8%+6.0%+37.3%+16.5%-12.4%-
EBITDA growth+3.2%+12.8%-8.6%+107.7%-37.1%+33.4%-
PBT growth+8.1%+26.7%-16.6%+469.9%-67.5%+190.0%-56.3%
Net income growth-9.5%+57.8%-15.5%+166.1%-41.5%-21.3%-
Revenue CAGR (3Y)+5.1%+16.9%+19.2%+11.9%+1.9%+1.0%+10.7%
EBITDA CAGR (3Y)+2.1%+28.9%+6.1%+20.4%-12.6%+1.9%-0.1%
Profitability & leverage
Net income margin+11.8%+13.0%+9.0%+11.2%+3.0%+11.2%+9.2%
Return on capital employed+14.7%+16.1%+14.5%+17.9%+12.3%+12.3%+12.6%
Return on net worth+14.1%+19.3%+15.6%+20.1%+7.6%+13.6%+18.3%
Debt / equity0.400.550.790.780.750.800.96
Long-term debt / equity0.350.460.670.630.610.690.85
Interest cover20.7026.6028.5421.1272.7135.0474.78
Efficiency & per share
Fixed asset turnover0.770.780.740.750.580.520.62
Inventory turnover41.6035.0030.9534.8133.3323.9721.99
Debtors turnover12.8413.4812.9713.1010.419.6011.46
EPS (₹)51.1056.5837.4143.778.5227.5725.76
Dividend per share (₹)20.0019.0016.0026.009.0011.0011.60
Book value per share (₹)377.94346.00250.08228.92207.04213.01190.91

To see the full year-wise statements and ratios of Torrent Power Limited, buy the company report.

Board of directors of Torrent Power Limited

Torrent Power has 9 current directors and 37 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Samir Uttamlal Mehta
Also directs: Radiant Urja LLP, Abhivyakti Enterprise LLP, Akalpya Enterprise LLP and 4 more
Managing Director29 Apr 200422 Years 5 MonthsCurrent
Usha Sangwan
Also directs: Tata Motors Passenger Vehicles Limited, Tata Technologies Limited, Sbi Life Insurance Company Limited and 3 more
Director21 May 20215 Years 5 MonthsCurrent
Jinal Sudhirbhai Mehta
Also directs: Radiant Urja LLP, Torrent Pharmaceuticals Ltd, Torrent Investments Limited and 4 more
Managing Director19 Oct 201115 Years 0 MonthsCurrent
Radhika Vijay Haribhakti
Also directs: Imc Chamber of Commerce and Industry, Koss Medical Devices LLP, Bajaj Finance Limited and 4 more
Director07 Aug 20215 Years 2 MonthsCurrent
Ketan Arvind Dalal
Also directs: Multiples Private Equity Fund II LLP, Katalyst Advisors LLP, Siemens Energy India Limited and 5 more
Director11 May 20224 Years 5 MonthsCurrent
Varun Sudhir Mehta
Also directs: Radiant Urja LLP, Torrent Investments Limited, Shardashish Enterprise LLP and 3 more
Director01 Jun 20242 Years 4 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Peer comparison

Torrent Power Limited is compared with the 7 companies closest to it by revenue in the Cleantech industry (Solar Power, Thermal Power Plants, Wind Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Adani Power Limited₹58,906 Cr (FY 2025)-2.0%Ahmedabad, Gujarat, India
Punjab State Power Corporation Limited₹43,965 Cr (FY 2024)12.0%Patiala, Punjab, India
Maharashtra State Power Generation Company Limited₹38,334 Cr (FY 2025)16.0%Mumbai, Maharashtra, India
Torrent Power Limitedthis company₹29,009 Cr (FY 2026)₹2,284.73 Cr7.9%-0.7%476Ahmedabad, Gujarat, India
Rajasthan Rajya Vidyut Utpadan Nigam Limited₹21,344 Cr (FY 2025)6.0%Jaipur, Rajasthan, India
Bihar State Power (Holding) Company Limited₹19,718 Cr (FY 2021)8.0%Patna, Bihar, India
Andhra Pradesh Power Generation Corporation Limited₹19,327 Cr (FY 2024)23.0%Vijayawada, Andhra Pradesh, India
Cesc Ltd₹17,375 Cr (FY 2025)12.0%Kolkata, West Bengal, India

To see the full peer comparison of Torrent Power Limited, buy the company report.

Auditor

Torrent Power Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Price Waterhouse Chartered Accountants LLPFY 2024012754N / N500016

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 51.10%, foreign institutional investors hold 8.50%, domestic institutional investors hold 31.10% and retail and other public shareholders hold 9.40%.

Promoters: 51.10%DII (Domestic Institutional): 31.10%FII (Foreign Institutional): 8.50%Retail & Others: 9.40%
Sep 2026
QUARTER
51.10% Promoters
31.10% DII (Domestic Institutional)
8.50% FII (Foreign Institutional)
9.40% Retail & Others
Promoter holding - history
Now 51.10% · Sep 2026High 51.10% · Dec 2025Low 51.10% · Dec 2025
50%50.8%51.5%52.3%53%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 51.10%Mar 2026: 51.10%Jun 2026: 51.10%Sep 2026: 51.10%51.10%51.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters51.10%51.10%51.10%51.10%
Public48.90%48.90%48.90%48.90%

Charges & borrowings

Open charges
₹20,051 Cr
Satisfied charges
₹28,825 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹19,675.45 Cr
Others₹375.00 Cr
Hdfc Bank Limited₹0.50 Cr
State Bank of India₹0.19 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
06 Mar 2026101275609Idbi Trusteeship Services Limited₹2,000 CrOpen
17 Dec 2025101214768Hdfc Bank Limited₹50 LakhOpen
25 Sep 2025101166814Others₹375 CrOpen
27 Feb 2024100912318Idbi Trusteeship Services Limited₹700 CrOpen
17 Jan 2024100860779Idbi Trusteeship Services Limited₹750 CrOpen

To see the full charge records of Torrent Power Limited, buy the company report.

Total charge records: 84 View all charges

Credit ratings & regulatory alerts

Torrent Power Limited was last rated by Indiarating on 14 Jun 2022.

Rating agencyRated onRating
Indiarating14 Jun 2022

To see the full credit ratings and regulatory alerts of Torrent Power Limited, buy the company report.

MSME payment delays

Torrent Power Limited has 9 MSME Form 1 returns on record between 2017 and 2020, listing 21 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 14)

SupplierAmount dueDue sinceReported on
SPX Flow Technology (India) Private Limited
an individual supplier
Radix Innovations Private Limited
Jupiter Automation
an individual supplier

To see the full MSME payment records of Torrent Power Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Torrent Power has 35 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

35
Subsidiary companies
2
Associated companies
Key subsidiaries
Company NameCINShares held
Torrent Electricals Private LimitedU31904GJ2019PTC110468
Latur Renewable Private LimitedU31906GJ2017PTC106736
Jodhpur Wind Farms Private LimitedU31909GJ2017PTC106919
Torrent PSH 3 Private LimitedU35100GJ2023PTC147330
Torrent PSH 4 Private LimitedU35100GJ2023PTC147364
Torrent PSH 2 Private LimitedU35100GJ2024PTC147459

To see the full group structure of Torrent Power Limited, buy the company report.

Employees & EPFO

Torrent Power Limited has a workforce of 476 employees on its EPFO records as of Dec 06, 2025, across 1 active EPFO establishment.

Employee count
476
Active EPFO establishments
1
Employee growth
16.1%

GST

Torrent Power has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
7
Active
6
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AACCT0294J1ZCGujaratActive01 Jul 2017
24AACCT0294J2ZBGujaratActive27 Jul 2017
24AACCT0294J3ZAGujaratActive01 Oct 2018
24AACCT0294J4Z9GujaratActive01 Aug 2024

To see the full GST registrations and return filing status of Torrent Power Limited, buy the company report.

Recent activity

Torrent Power Limited has 73 board changes on record since 2004: 42 appointments and 31 cessations. The latest: Mamta Verma ceased to be Director on 01 Aug 2024.

Filing
Torrent Power Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 2,000.00 Cr with Charge ID 101275609 was registered on 06 Mar 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 101214768 was registered on 17 Dec 2025.
Charges
A charge with Others amounted to Rs. 375.00 Cr with Charge ID 101166814 was registered on 25 Sep 2025.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 8,215.45 Cr registered on 05 Mar 2016 with Charge ID 10623909 was modified on 20 Aug 2025.
AGM
Torrent Power Limited last Annual general meeting of members was held on 05 Aug 2025 as per latest MCA records.
Charges
A charge registered on 29 Mar 2023 via Charge ID 100698128 with Others was fully satisfied on 01 Jul 2025.
Charges
A charge registered on 27 Mar 2017 via Charge ID 100091229 with Idbi Trusteeship Services Limited was fully satisfied on 26 Feb 2025.
Ceased
Mamta Verma ceased to be Director.
Appointed
Jigish Bhogilal Mehta was appointed as Whole-Time Director.
Appointed
Varun Sudhir Mehta was appointed as Director.
Appointed
Sunil Dass Mathur was appointed as Director.

254 earlier events are in the company report.

News

Torrent Power: Subsidiary's 300 MW Wind Agreement with SECI Canceled, ₹39.78 Crore in Liquidated Damages Due
07 Oct 2026 · Exchange Update
Torrent Power Limited : Jefferies on Torrent Power Maintains Buy with Target Price of ₹1,780 as 3 GW of pumped-storage capacity planned by FY29E is not yet factored into estimates, leaving upside potential, while renewable energy growth is expected to drive 13% EBITDA CAGR over FY26-30E despite transmission and evacuation delays.
17 Sep 2026 · Exchange Update

From our blog

Frequently asked questions

Torrent Power is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 29 April 2004 (22+ years old) and is registered under CIN L31200GJ2004PLC044068. Listed on BSE: 532779 and NSE: TORNTPOWER.

Torrent Power reported revenue of ₹29,009 Cr for FY 2025-26 (down 0.7% YoY) based on consolidated financials.

Torrent Power has 9 current directors:

The latest financial statements of Torrent Power on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Torrent Power is 24AACCT0294J1ZC, registered in Gujarat. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCT0294J2ZB (Gujarat), 24AACCT0294J3ZA (Gujarat), 24AACCT0294J4Z9 (Gujarat).

The CIN (Corporate Identification Number) of Torrent Power is L31200GJ2004PLC044068. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Torrent Power is a listed company as per MCA records. Its shares are listed on both BSE (code: 532779) and NSE (symbol: TORNTPOWER).

Torrent Power was incorporated on 29 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Torrent Power by revenue are Adani Power Limited, Punjab State Power Corporation Limited, Maharashtra State Power Generation Company Limited, Rajasthan Rajya Vidyut Utpadan Nigam Limited, Bihar State Power (Holding) Company Limited and 2 more, all in the Cleantech industry (Solar Power, Thermal Power Plants, Wind Power), with the same principal business activity (electric power generation, transmission and distribution).

Mamta Verma ceased to be Director on 01 Aug 2024. Jigish Bhogilal Mehta was appointed as Whole-Time Director on 01 Jun 2024. Varun Sudhir Mehta was appointed as Director on 01 Jun 2024. Torrent Power has 73 board changes on record in total.

Torrent Power has 9 MSME Form 1 returns on record between 2017 and 2020, listing 21 overdue payments to 14 micro and small suppliers. The latest return was filed on 30 Apr 2020.

Torrent Power can be reached through the website torrentpower.com. Its registered office is in Ahmedabad, Gujarat, India.