Torrent Power's share price hit a fresh 52-week low of ₹1,192 and was last traded at ₹1,194.55, falling 1.61% from the previous close of ₹1,214.05. According to Univest data, the stock opened at ₹1,225.80, reached a day's high of ₹1,225.80, and touched the intraday low of ₹1,192 before recovering slightly. The stock's market capitalisation stands at ₹62,302.63 crore, reflecting significant investor concerns about the company's operational challenges. This represents the lowest level since March 2024 and marks a 35% decline from its 52-week high of ₹1,824 touched on April 27, 2026.
Despite elevated gas prices during the April to June 2026 quarter (Q1FY27), Torrent Power maintained healthy operating margins in its merchant power operations. However, as reported by Business Standard, gains from the merchant sales and liquefied natural gas (LNG) trading were lower by ₹87 crore, impacting the company's overall performance during the quarter. The company confirmed these figures during their Q1 earnings conference call.
According to latest Univest figures, Torrent Power trades at a P/E ratio of 26.33x compared to the peer median of 27.75x, indicating relatively attractive valuation. The company's ROE stands at 13.46% versus a peer median of 10.41%, while ROCE is 14.37% compared to the displayed peer median of 8.5%. The stock carries a dividend yield of 1.65% and has June 2026 revenue of ₹8,124.15 crore. Among the 5 peers shown, 4 have larger market capitalisations, positioning Torrent Power within the large listed-company category by value.
Motilal Oswal Financial Services initiated coverage on Torrent Power with a Neutral rating and a sum-of-the-parts (SoTP)-based target price of ₹1,270. According to the brokerage's coverage report, Torrent Power is an integrated power utility spanning electricity generation, transmission, and distribution with a diversified installed capacity of 6.6GWp, representing 4.5GW of thermal and ~2.1GWp of renewable capacity (including ~1.8GW contracted).
The company holds licenses for distribution in Gujarat's major cities and Dadra & Nagar Haveli/Daman & Diu (~2,050 sqkm), in addition to franchisee operations (1,007 sqkm). As reported by Business Standard, the most notable upcoming distribution opportunity is the privatization in UP, where each player can win a maximum of two packages, each catering to 3.0-3.5 million customers. However, MOFSL noted that should Torrent Power win any additional licenses, these are not factored into their current estimates.
