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TORRENT POWER
PE (Price/Earnings) Ratio

The Current P/E Ratio of TORRENT POWER is 37.67.

Share Price ₹1,515.0Apr 24,2024
Market Cap ₹72,810.9 Cr
Earnings-TTM₹1,932.9 CrTTM-Consolidated Results
Price/Earnings37.67xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TORRENT POWER

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of TORRENT POWER is calculated as :

Current Market Cap [ ₹72,810.9 Cr] as on Apr 24,2024

(/) Earnings [ ₹1,932.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 37.67x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for TORRENT POWER , the investors are currently willing to pay 37.67 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of TORRENT POWER !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of TORRENT POWER over the last five years.

Historical PE (Price/Earnings) ratio chart of TORRENT POWER


PE Ratio Performance Analysis for TORRENT POWER

- TORRENT POWER 's latest p/e ratio is 37.67x.

- TORRENT POWER 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 20.92x.

- TORRENT POWER 's operated at median p/e ratio of 13.75x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TORRENT POWER 's p/e ratio peaked in Mar2022 at 52.08x.

- TORRENT POWER 's p/e ratio hit its five-year low in Mar2020 of 11.42x.


How does TORRENT POWER 's P/E Ratio benchmark against top 10 peers in Power Generation/Distribution Industry?

Peer Comparison (Power Generation/Distribution Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TORRENT POWER 1,932.8937.6772,810.9
NTPC LTD16,487.1020.68340,886.0
ADANI GREEN ENERGY LTD1,198.00239.09286,425.0
POWER GRID CORPORATION OF INDIA LTD16,282.8016.60270,229.0
ADANI POWER LTD23,334.009.85229,931.0
TATA POWER COMPANY LTD3,132.9943.69136,872.0
ADANI ENERGY SOLUTIONS LTD1,251.9893.30116,814.0
NHPC LTD3,737.5224.2590,636.4
JSW ENERGY LTD1,657.7863.38105,067.0
SJVN LTD990.5251.4450,949.8
NLC INDIA LTD2,590.1012.4332,204.6

Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs TORRENT POWER 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.85x
Max industry PE 239.09x
Median industry PE 37.67x
Average industry PE 55.67x



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