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1 Comment
Torrent Power Limited is currently in a long term uptrend where the price is trading 27.2% above its 200 day moving average.
From a valuation standpoint, the stock is 62.6% cheaper than other stocks from the Utilities sector with a price to sales ratio of 1.7.
Torrent Power Limited's total revenue sank by 4.1% to $30B since the same quarter in the previous year.
Its net income has dropped by 23.6% to $3B since the same quarter in the previous year.
Finally, its free cash flow fell by 47.2% to $10B since the same quarter in the previous year.
Based on the above factors, Torrent Power Limited gets an overall score of 2/5.
ISIN | INE813H01021 |
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Sector | Utilities |
Industry | Utilities - Independent Power Producers |
Exchange | NSE |
CurrencyCode | INR |
Beta | 0.47 |
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Dividend Yield | 1.0% |
Market Cap | 811B |
PE Ratio | 32.88 |
Target Price | 1354.7 |
Torrent Power Limited, together with its subsidiaries, engages in the generation, 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 2,077 megawatts peak; and wind power plants with a generation capacity of 2,199 megawatts. It also distributes electricity in the cities of Ahmedabad, Gandhinagar, Surat, Dadra and Nagar Haveli, Daman and Diu, Dahej, and Dholera covering an area of 2,050 square kilometers; and operates as a franchisee for electricity distribution in the cities of Bhiwandi, Agra, and Shil-Mumbra-Kalwa covering an area of approximately 1,007 square kilometers. In addition, the company is involved in the manufacture and supply of power cables. The company was incorporated in 2004 and is based in Ahmedabad, India. Torrent Power Limited operates as a subsidiary of Torrent Investments Private Limited.
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