Torrent Power Share Price Target 2027: What Earnings Say About Rs 1,420 and Rs 1,720

Torrent Power share price Rs 1,262.20 (6 November 2026). Base target Rs 1,420, bull Rs 1,720, downside risk Rs 1,013. PE 25.67. 52W range Rs 1,147.50 to Rs 1,824.10.

Investors weighing a Torrent Power target price for 2027 should start with where the stock sits today. At Rs 1,262.20 on 6 November 2026, it is 30.8% below its 52-week high of Rs 1,824.10 and 10.0% above its 52-week low of Rs 1,147.50. That range spans 59% from low to high, so the entry point matters as much as the Torrent Power price forecast itself.

This article builds the Torrent Power share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

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Torrent Power Stock Analysis: Company Overview and Key Stats

Torrent Power (NSE: TORNTPOWER) has a market capitalisation of Rs 63,814 crore. In FY26 it reported revenue of Rs 29,289 crore and net profit of Rs 2,469 crore. The table collects the figures the Torrent Power share price target is built on.

Metric	Value
Company	Torrent Power
NSE Ticker	TORNTPOWER
CMP (6 November 2026)	Rs 1,262.20
52-Week High	Rs 1,824.10
52-Week Low	Rs 1,147.50
Market Cap	Rs 63,814 crore
PE Ratio (TTM)	25.67
Industry PE	20.42
Price to Book	3.04
Return on Equity	11.52%
Debt to Equity	1.11
EPS (TTM)	Rs 49.34
Dividend Yield	1.58%
12-Month Base Target	Rs 1,420
Bull Case	Rs 1,720
Downside Risk Level (not a target)	Rs 1,013

Why Is Torrent Power Share Price Target Set at Rs 1,420 for 2027?

The arithmetic is short. Trailing EPS of Rs 49.34 grown for one year gives a forward EPS estimate of Rs 55.32, and multiplying it by the unchanged PE of 25.67 gives the Rs 1,420 base-case Torrent Power stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Torrent Power Target Price: Five Years of Results

Torrent Power grew revenue from Rs 14,493 crore in FY22 to Rs 29,289 crore in FY26, a compound annual growth rate of 19.2%. Net profit grew faster, from Rs 458.70 crore to Rs 2,469 crore (52.3% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	14,492.65	458.70	9.45	9.00
FY23	26,075.97	2,164.67	44.06	26.00
FY24	27,527.53	1,896.00	38.14	16.00
FY25	29,652.47	3,058.61	61.23	19.00
FY26	29,288.92	2,469.36	47.95	20.00

FY26 revenue growth was -1.2%, slower than the four-year average of 19.2%, and net profit moved down 19.3%. EPS rose from Rs 38.14 in FY24 to Rs 47.95 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Torrent Power converted 8.4% of FY26 revenue into net profit, against 10.3% in FY25, within a five-year range of 3.2% to 10.3%. EBITDA margin was 20.0% in FY26 versus 19.5% in FY25.

In the September 2026 quarter, revenue was Rs 10,051 crore, up 26.4% from the same quarter a year earlier, while net profit of Rs 837.96 crore was up 13.0%. EBITDA came in at Rs 1,988 crore, up 25.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 1.11, and shareholders’ equity grew from Rs 9,979 crore in FY22 to Rs 19,709 crore in FY26. Operating cash flow in FY26 was Rs 5,464 crore against capital expenditure of Rs 7,705 crore, leaving negative free cash flow of Rs 2,240 crore. In FY25 free cash flow was Rs 474.70 crore, so cash generation has not been steady year to year.

Valuation Check for the Torrent Power Stock Target: PE, Price to Book and ROE

At a PE of 25.67 against an industry PE of 20.42, Torrent Power trades at a premium to its industry. Price to book is 3.04 on a book value of Rs 417.04 per share, and return on equity is 11.52%. A PE of 25.67 equals an earnings yield of 3.9%, and the FY26 dividend of Rs 20.00 per share gives a yield of 1.58%.

Shareholding Pattern and Institutional Holding

Promoters held 51.09% of Torrent Power in September 2026, and promoter holding has stayed near 51.09% since September 2025. Foreign institutional investors (FII) held 8.36% and domestic institutions (DII) held 22.80%, which puts total institutional holding at 31.16%. FII holding fell from 8.81% in September 2025 to 8.36% in September 2026. Public shareholders own the remaining 17.75%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Torrent Power Share Price Targets for the Short Term and 12 Months

Short Term Torrent Power Stock Target Levels: Technical Setup

At Rs 1,262.20 on 6 November 2026, Torrent Power trades above its 50-day simple moving average of Rs 1,234.83 and below its 200-day exponential moving average of Rs 1,342.79. The 14-day RSI reads 55.9, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,342.79 (200-day exponential moving average) and the nearest support is Rs 1,234.83 (50-day simple moving average). A sustained move above Rs 1,342.79 would improve the short-term setup, while a close below Rs 1,234.83 would shift attention to the next support.

12 Month Torrent Power Target Price for 2027

The 12-month target of Rs 1,420 means a move of 12.5% up from Rs 1,262.20 over the next 12 months. It would still leave the stock 22.2% below its 52-week high of Rs 1,824.10. Anyone checking the Torrent Power share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the Torrent Power Target Price

EPS Growth	PE 20.54	PE 25.67	PE 29.52
0.0% (EPS Rs 49.34)	Rs 1,013	Rs 1,267	Rs 1,457
12.1% (EPS Rs 55.32)	Rs 1,136	Rs 1,420	Rs 1,633
18.1% (EPS Rs 58.28)	Rs 1,197	Rs 1,496	Rs 1,720

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Torrent Power price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Torrent Power Stock Target in 2027

Bull Case Rs 1,720

The bull case Torrent Power price target needs EPS growth of 18.1%, which lifts forward EPS to Rs 58.28, and a PE multiple that rises 15% to 29.52. That gives Rs 1,720, 36.3% above the current price and below the 52-week high of Rs 1,824.10.

Downside Risk Level Rs 1,013

The downside risk level is not a target. It assumes EPS stays flat at Rs 49.34 and the PE falls 20% to 20.54. That gives Rs 1,013, 19.7% below the current price and below the 52-week low of Rs 1,147.50.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	18.1%	29.52	Rs 1,720	+36.3%
Base Case	12.1%	25.67	Rs 1,420	+12.5%
Downside Risk	0.0%	20.54	Rs 1,013	-19.7%

Key Risks to the Torrent Power Target Price for 2027

Growth Slowdown Risk for the Torrent Power Price Target

Revenue in the September 2026 quarter was up 26.4% year on year, and FY26 revenue growth was -1.2%. If growth slows from here, the EPS estimate behind the Torrent Power stock target will need revising.

Liquidity and Size Risk

Torrent Power has a market capitalisation of Rs 63,814 crore. Institutional holding is 31.16%, and promoters hold 51.09%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.

Valuation and Margin Risk

Net margin was 8.4% in FY26, so a small slip in costs moves profit noticeably. At a PE of 25.67 versus an industry PE of 20.42, a de-rating toward the downside-risk PE of 20.54 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 55.9 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.

How to Invest in Torrent Power

Start with the live price and volume. Any Torrent Power share price target is only as current as the data behind it, and the data here is as of 6 November 2026, so refresh the Rs 1,262.20 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Torrent Power’s PE, ROE, debt and shareholding in one place.

Check Torrent Power fundamentals on the Univest Screener

Then compare the three Torrent Power target price scenarios with your own view. If you expect EPS growth below 12.1%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Torrent Power live price and get daily stock recommendations.

Conclusion

The Torrent Power share price target for 2027 is Rs 1,420 in the base case, with Rs 1,720 as the bull case. The support for that view is arithmetic you can check: EPS grew 12.1% a year over FY24 to FY26, and the stock trades at a PE of 25.67. The risks are equally concrete, including a PE of 25.67 that sits above the industry PE of 20.42 and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Torrent Power Share Price Target 2027

What is the Torrent Power share price target for 2027?

Ans. The base-case Torrent Power share price target for 2027 is Rs 1,420, which is 12.5% above the price of Rs 1,262.20 on 6 November 2026. The bull case is Rs 1,720 and the downside risk level, which is not a target, is Rs 1,013. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the Torrent Power share price today?

Ans. As of 6 November 2026, 9:57 AM IST, Torrent Power (NSE: TORNTPOWER) trades at Rs 1,262.20, down 0.25% on the day. That is 30.8% below the 52-week high of Rs 1,824.10 and 10.0% above the 52-week low of Rs 1,147.50. The market capitalisation of Rs 63,814 crore places it among large-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is Torrent Power a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown 12.1% a year over FY24 to FY26 and the base case implies 12.5% upside; on the cautious side, the PE of 25.67 is above the industry PE of 20.42, and the downside risk level of Rs 1,013 is 20% below the current price. Whether Torrent Power fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for Torrent Power shares?

Ans. The bull case in the Torrent Power share price target for 2027 is Rs 1,720, which assumes 18.1% EPS growth and a PE of 29.52, a 15% re-rating from today’s multiple. That is 36.3% above the current price and below the 52-week high of Rs 1,824.10. The downside risk level is Rs 1,013, which assumes flat EPS and a PE of 20.54, 20% lower than today. It sits 19.7% below the current price and below the 52-week low of Rs 1,147.50, and it marks a risk to watch, not a target.

What are the main risks to the Torrent Power price target?

Ans. Four risks matter most for the Torrent Power share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. The market capitalisation of Rs 63,814 crore means liquidity is deep, so the bigger risk is paying a full price for slow earnings growth. A fall to the downside-risk PE of 20.54 would cut the price even if earnings hold.

What is the PE ratio of Torrent Power and how does it compare with the industry?

Ans. The PE ratio of Torrent Power is 25.67, against an industry PE of 20.42, which is a premium to the industry. Price to book is 3.04 and return on equity is 11.52%, and the PE equals an earnings yield of 3.9%. The base case holds the PE unchanged, so the Torrent Power share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns Torrent Power, and what is the promoter holding?

Ans. Promoters held 51.09% of Torrent Power in September 2026. FII held 8.36%, DII held 22.80% and the public held 17.75%. Together the two institutional groups hold 31.16%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were Torrent Power’s latest quarterly results?

Ans. In the September 2026 quarter, Torrent Power reported revenue of Rs 10,051 crore (up 26.4% year on year) and net profit of Rs 837.96 crore (up 13.0%). For comparison, FY26 full-year revenue growth was -1.2% and net profit moved down 19.3%. Each new quarter either supports or weakens the EPS growth of 12.1% assumed in the base case.