Torrent Power Limited (TORNTPOWER.NS) stock analysis

In our weekly check, Torrent Power Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 6.

About Torrent Power Limited

Torrent Power Limited is an Utilities company (Independent Power Producers) based in India, listed on NSE as TORNTPOWER.NS.

What our checks show for TORNTPOWER.NS

Red flags

• The gross margin fell by 3 points, to 27.2%: costs are rising faster than prices.
• Free cash flow is negative (-10.8% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 81% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 7.3 years.
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Operating profit covers interest only 3.9 times: a weak year could make the payments hard.
• Margins expected to shrink
• Revenue grew only 4.7% a year over the last 3 years.
• The net margin is only 8%: little room if costs rise.
• Thinly traded (about 319 thousand shares a day): buying and selling can move the price.

Strengths

• Debt is low: 0x equity.
• The net margin rose by 4.7 points over 5 years, to 8%.
• Operating cash flow is 1.95x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 12.3% a year over the next years.
• The dividend takes 11% of profit: there is a cushion.
• Beta 0.64: the stock usually moves less than the market.

Next earnings report: 2026-11-05

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GULF-R.BK · JSWENERGY.NS · TATAPOWER.NS · 1816.HK · ADANIENSOL.NS · 0006.HK

Questions

What grade does Torrent Power Limited (TORNTPOWER.NS) have?

In our weekly check, Torrent Power Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of TORNTPOWER.NS stock?

This week's biggest flags for Torrent Power Limited: Gross margin falling, Weak free cash flow, Deep past fall. In total 11 of 25 checks show a warning or a red flag.

What does Torrent Power Limited do?

Torrent Power Limited is an Utilities company (Independent Power Producers) based in India, listed on NSE as TORNTPOWER.NS.

When does Torrent Power Limited report earnings next?

The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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