Energy generation and distribution: approx. 70%
Renewable energies: approx. 20%
Other services: approx. 10%

TOP 3 markets:

1. India: approx. 85%
2. Middle East: approx. 10%
3. Southeast Asia: approx. 5%

Torrent Power Limited generates the majority of its revenues from energy generation and distribution, with the Indian market accounting for the largest share. In recent years, the company has also increased its investments in renewable energies, which is reflected in a growing revenue share in this sector.

Expansion into international markets, particularly in the Middle East and Southeast Asia, also contributes to diversifying sources of income.

Production sites of Torrent Power Limited:

Torrent Power Limited operates several power plants and production facilities in India. The main locations include:

• Gujarat: Here, Torrent Power operates both gas and coal power plants. The Sugen Mega Power Plant is one of the most significant gas-based power plants in this state.

• Maharashtra: In this state, the company also operates gas-based power plants, including the DGEN Mega Power Plant.

• Uttar Pradesh: Torrent Power is also active in this state, particularly through the acquisition of electricity distribution companies.

Torrent Power is mainly engaged in the generation and distribution of electricity, specializing in the operation of gas and coal power plants. The company also invests in renewable energies to diversify its production capacities.

Renewable Energy Capacity: 5,000 MW by 2025 (Target)

Torrent Power Limited is pursuing a strategy that is heavily focused on expanding renewable energy. The company plans to significantly increase its capacities in this area to meet the growing demand for sustainable energy sources.

In addition, Torrent Power is investing in the modernization and efficiency improvement of its existing infrastructure. This includes enhancing the network infrastructure and implementing advanced technologies to optimize energy consumption.

Another strategic focus is on geographical expansion into new markets to expand the customer base and unlock new growth opportunities. These measures are intended to strengthen Torrent Power's market position and ensure long-term profitable growth.

Imported Raw Materials: Coal, Natural Gas

Main Supplier Countries: Indonesia, Australia, Qatar

Torrent Power Limited mainly imports coal and natural gas to operate its power plants. Indonesia and Australia are the primary suppliers of coal, while natural gas is mainly sourced from Qatar.

These imports are crucial for the company's energy production as they ensure the supply security and operational efficiency of the power plants. The choice of supplier countries is based on factors such as cost, quality, and reliability of the supply chain.

Market share: 12% (2024, estimated)
EBITDA margin: 25% (2024)
Customer satisfaction: 85% (2023, survey result)

Torrent Power Limited has a significant competitive advantage in the Indian energy industry, supported by several factors. The market share of about 12% indicates that the company has a strong presence in its core markets. The EBITDA margin of 25% suggests an efficient cost structure and strong profitability, which is above average compared to many competitors.

Another important aspect is the high customer satisfaction of 85%, indicating reliable service and strong customer loyalty. These factors, combined with continuous investments in renewable energy and infrastructure, strengthen Torrent Power Limited's position in the market and provide a sustainable competitive advantage.

Institutional Investor Share: approximately 40% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant transactions in the last year (2024)

Torrent Power Limited has traditionally maintained a stable institutional investor share, which has hovered around 40% in recent years. These investors value the company's stable earnings and strategic focus in the energy sector.

In 2024, there were no significant insider transactions, which could indicate management's confidence in the current company strategy and performance. This can also be interpreted as an indicator of stable corporate governance and positive market expectations.

Market share of Torrent Power Limited: Estimated 8% (2025)

Top competitors and their market shares:

1. NTPC Limited: 23%
2. Adani Power Limited: 15%
3. Tata Power Company Limited: 12%
4. Power Grid Corporation of India Limited: 10%
5. Torrent Power Limited: 8%
6. Reliance Power Limited: 7%
7. NHPC Limited: 6%
8. JSW Energy Limited: 5%
9. CESC Limited: 4%
10. SJVN Limited: 3%

Torrent Power Limited has a moderate market share of around 8%, making it a significant but not dominating player in the Indian energy market. The largest competitor, NTPC Limited, holds a significantly higher market share, indicating a stronger market presence.

Torrent Power Limited's moat mainly consists of its established infrastructure, diversified energy generation, and a strong customer base in specific regional markets. Compared to larger competitors like NTPC and Adani Power, which have more extensive resources and a broader geographical network, Torrent Power's moat is less pronounced.

NTPC and Adani Power have a stronger moat due to their size, government support, and strategic investments in renewable energy. However, Torrent Power could enhance its competitive advantage through innovations and targeted expansions into niche markets.

Revenue Growth: 8.5% (2024) EBITDA Margin: 25.4% (2024) Net Debt Ratio: 0.9 (2024)

Torrent Power Limited achieved a revenue growth of 8.5% in 2024, attributed to stable energy demand and successful expansion strategies. The EBITDA margin of 25.4% indicates the company's efficient operations and ability to control its operating costs well.

The net debt ratio of 0.9 suggests that the company has moderate debt, typical for the industry, and indicates a solid financial foundation. This allows Torrent Power to invest in new projects while managing its debts.

Overall, Torrent Power demonstrates strong operational performance and solid financial metrics, making it a potentially good investment, especially for investors interested in stable companies in the energy sector. Long-term growth prospects could be further enhanced by the increasing demand for renewable energy.

Dividend Yield: 3.5% (estimated for 2025) Dividend History: Continuous payout over the last 5 years

Torrent Power Limited has reliably distributed dividends to its shareholders in recent years. The dividend yield is currently estimated at 3.5% for the year 2025, which is competitive compared to other companies in the energy sector.

The company has a solid dividend history, demonstrating a commitment to returning capital to shareholders. This reliability in distribution is supported by stable earnings and a strong financial position. Analysts expect Torrent Power to continue its dividend policy in the coming years, barring any significant market changes.