Torrent Power Share Price: 17.6% CAGR in 3 Years as the Ahmedabad Utility Edges Ahead of Tata Power

Torrent Power previous close Rs 1,236. 3-year CAGR 17.6%. Up 1.6x since 9 Nov 2023. ROE 11.52%. Market cap Rs 62,282 crore.

The Torrent Power share price has delivered a steady return over the last three years, and that makes Torrent Power one of the more dependable names in the power sector. The Ahmedabad-based company generates, transmits and distributes electricity in several Indian cities.

This article compares that run with Tata Power Company, the other large private sector integrated utility. We calculate the three-year CAGR for both and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.

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How Much Has the Torrent Power Share Price Returned in 3 Years?

The Torrent Power stock closed at Rs 760.10 on 9 November 2023 and at Rs 1,236.00 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.63 lakh, which is a CAGR of 17.6%. This is a price return and leaves out dividends.

CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Torrent Power can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.

The Torrent Power share price has also been supported by rising electricity demand, a growing share of renewable capacity and steady earnings from its distribution licences, which together give the business a more predictable profit base than a pure generation company would have.

Torrent Power vs Tata Power Company: 3-Year CAGR Compared

The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.

Company	Close on 9 Nov 2023	Previous close (9 Nov 2026)	Price multiple	3-year CAGR
Torrent Power	Rs 760.10	Rs 1,236.00	1.6x	17.6%
Tata Power Company	Rs 248.00	Rs 360.00	1.5x	13.2%

The Torrent Power stock leads the pair at 17.6%, ahead of Tata Power Company at 13.2%. Torrent Power leads the pair, and Tata Power follows. Tata Power is the larger company by market cap, so its yearly return came on a bigger base of capital.

Look at the Torrent Power share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.

Valuation and Quality Compared

Company	Market cap	P/E	Industry P/E	ROE	Debt to equity
Tata Power Company	Rs 1,14,872 crore	21.85	20.67	9.49%	1.93
Torrent Power	Rs 62,282 crore	25.05	20.67	11.52%	1.11

By market cap, Tata Power Company is the largest of the group at Rs 1,14,872 crore, while the Torrent Power stock stands at Rs 62,282 crore, about 54% of that size. On earnings, Torrent Power shares trade at a P/E of 25.05 against an industry P/E of 20.67, a premium of about 21%, which signals that the market expects faster earnings growth. Peer multiples are Tata Power Company at 21.85.

Return on equity is 11.52% for the Torrent Power stock, which ranks first among the two, and debt to equity stands at 1.11. Trailing EPS is Rs 49.34. Utilities are valued on the stability of their regulated returns and the pace of capacity additions, so the P/E is best read next to return on equity and the debt position.

What Is Driving the Torrent Power Stock?

Torrent Power runs power generation plants, transmission lines and distribution networks. It supplies electricity to consumers in cities such as Ahmedabad, Gandhinagar and Surat, where regulated distribution businesses bring steady cash flows.

The company has been adding renewable energy capacity alongside its gas and coal based plants. Wind and solar projects, along with pumped storage plans, are expected to take up a larger share of its capital spending.

Followers of the Torrent Power share price usually track capacity additions, power purchase agreements, the performance of the distribution licences and the pace of renewable commissioning.

How the Established Players Stack Up

Tata Power Company is a Mumbai-based integrated utility with generation, transmission, distribution, rooftop solar and electric vehicle charging businesses. It compounded at 13.2% a year, on a market cap of Rs 1,14,872 crore and an ROE of 9.49%.

What Should Investors Track Next?

Three things are worth watching on the Torrent Power share price. First, the pace at which renewable capacity gets commissioned. Second, performance of the distribution licences. Third, the cost of funding for new projects.

At a P/E of 25, the valuation is above its sector, and debt to equity of 1.11 means the balance sheet should be watched as spending rises.

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How to Compare Power Stocks Yourself

You can repeat this exercise for any pair of stocks, including the Torrent Power stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.

A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Torrent Power share price, the same four checks give a more complete picture than price alone.

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A Steady Power Utility With a Rising Renewable Mix

The Torrent Power share price compounded at 17.6% a year over three years, ahead of Tata Power at 13.2%. Its ROE of 11.52% is also higher than the 9.49% of Tata Power.

Tata Power brings greater scale and a wider business mix, while Torrent Power brings a regulated distribution base. The choice depends on which model of the power business you want to follow.

Frequently Asked Questions

What is the Torrent Power share price today?

Ans. Torrent Power closed at Rs 1,236 on 9 November 2026, according to NSE data. It has a market cap of Rs 62,282 crore and a P/E of 25.05. Check live quotes before acting, as prices change every trading day.

What is the 3-year CAGR of the Torrent Power stock?

Ans. Torrent Power delivered a price CAGR of 17.6% over three years, moving from Rs 760.10 on 9 November 2023 to Rs 1,236.00 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.

Is Torrent Power better than Tata Power?

Ans. Torrent Power delivered a higher three-year CAGR at 17.6% than Tata Power at 13.2%. Tata Power is larger by market cap at Rs 1,14,872 crore, while Torrent Power has a higher ROE at 11.52% against 9.49% and a P/E of 25.05 against 21.85. The better choice depends on your view of each business.

What does Torrent Power do?

Ans. Torrent Power is an Ahmedabad-based company that generates, transmits and distributes electricity and is expanding in renewable energy.

Is the Torrent Power stock debt free?

Ans. The debt to equity ratio of the Torrent Power stock is 1.11 and its return on equity is 11.52%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.

Is Torrent Power expensive compared with the industry?

Ans. Torrent Power trades at a P/E of 25.05 against an industry P/E of 20.67. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.

Which power stock gave the highest return in 3 years?

Ans. Among the companies compared here, Torrent Power delivered the highest three-year CAGR at 17.6%, followed by Tata Power Company at 13.2%. Past returns do not guarantee future performance.

How do I calculate CAGR for a stock?

Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.