Torrent PowerNSE:TORNTPOWER -2.11%88 Net Margin % is 4.97% as of Mar. 2026, which is 40% below its 10-year median of 8.34. GuruFocus rates NSE:TORNTPOWER with a GF Score™ of 88/100 and a GF Value™ of ₹1,400.54 (Fairly Valued). The stock has 5 warning signs investors should review. Among 421 Utilities - Independent Power Producers companies, Torrent Power ranks better than 57.01% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Torrent Power's Net Income for the
three
months ended in Mar. 2026 was ₹3,182 Mil. Torrent Power's Revenue for the
three
months ended in Mar. 2026 was ₹64,061 Mil. Therefore, Torrent Power's net margin for the quarter that ended in Mar. 2026 was 4.97%.
The historical rank and industry rank for Torrent Power's Net Margin % or its related term are showing as below:
NSE:TORNTPOWER'
s Net Margin % Range Over the Past 10 Years
Min: 3.23 Med: 8.34 Max: 10.74
Current: 8.34
NSE:TORNTPOWER's Net Margin % is ranked better than 57.01% of 421
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.17
vs NSE:TORNTPOWER: 8.34
Torrent Power (NSE:TORNTPOWER) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Torrent Power Net Margin % Related Terms
Torrent Power Net Margin % Historical Data
* Premium members only.
The historical data trend for Torrent Power's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:TORNTPOWER vs CEG, VST, NRG: Net Margin % Comparison
For the Utilities - Independent Power Producers subindustry, Torrent Power's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Torrent Power Net Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Torrent Power's Net Margin % distribution charts can be found below:
* The bar in red indicates where Torrent Power's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Torrent Power (NSE:TORNTPOWER) has a Net Margin % of 4.97% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Torrent Power and its competitors. This is 40% below median its historical median of 8.34. Over the past decade, Torrent Power's Net Margin % has ranged from 3.23 to 10.74. According to the industry distribution chart, Torrent Power ranks #181 out of 421 companies in the Utilities - Independent Power Producers industry, placing it in the top 43%.
Is Torrent Power's Net Margin % too high?
Torrent Power's current Net Margin % of 4.97% is 40% below median its 10-year median of 8.34. Over the past 10 years, this metric has ranged from a low of 3.23 to a high of 10.74. The Utilities - Independent Power Producers industry median Net Margin % is 6.17. Torrent Power's value of 4.97% is 19.4% below this industry median. Based on the distribution chart, Torrent Power ranks #181 out of 421 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Torrent Power has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Torrent Power's Net Margin % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Torrent Power ranks #181 out of 421 companies for Net Margin %. This puts Torrent Power in the upper half of its industry. The industry median Net Margin % is 6.17. Torrent Power's value of 4.97% is 19.4% below this benchmark. Historically, Torrent Power's own Net Margin % has ranged from 3.23 to 10.74 over the past decade. While the company's 10-year median is 8.34 vs. the industry median of 6.17, Torrent Power has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Utilities - Independent Power Producers company?
The median Net Margin % among Utilities - Independent Power Producers companies is 6.17, based on 421 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Torrent Power's current Net Margin % of 4.97% is 19.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Torrent Power and its competitors. For the Utilities - Independent Power Producers industry, the median Net Margin % is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Torrent Power's current Net Margin % is 4.97%, which is 40% below median its own 10-year median of 8.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torrent Power stock overvalued right now?
Based on GuruFocus' analysis, Torrent Power (NSE:TORNTPOWER) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,400.54, compared to a current price of ₹1,413.70 — trading 0.9% above its estimated fair value. The current Net Margin % is 4.97%, which is 40% below median its 10-year median of 8.34 and 19.4% below the Utilities - Independent Power Producers industry median of 6.17. Torrent Power's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Torrent Power (NSE:TORNTPOWER), the current Net Margin % is 4.97% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Torrent Power (NSE:TORNTPOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Torrent Power stock appears to be overvalued.
The current stock price of ₹1,413.70 is trading 0.9% above its estimated GF Value™ of ₹1,400.54.
GuruFocus considers Torrent Power to be Fairly Valued.
Key valuation signals for NSE:TORNTPOWER:
Net Margin %: 4.97% (40% below median its 10-year median of 8.34)
GF Value™: ₹1,400.54 vs. price of ₹1,413.70 (0.9% above fair value)
Industry Position: 19.4% below the Utilities - Independent Power Producers median (#181 of 421)
No single metric tells the full story. See the NSE:TORNTPOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Torrent Power Ltd is an Indian utility company engaged in the business of power generation, transmission, and distribution. Both by itself and through its subsidiaries, Torrent Power operates a portfolio of gas, combined cycle, coal, wind, and solar power plants. The group's reportable segments are: Generation, Transmission and Distribution, and Renewables. The majority of its revenue is generated from the Transmission and Distribution segment, which comprises transmission and distribution business (licensed and franchisee) and related ancillary services. The Generation segment includes the generation of power from thermal sources (gas and coal) and trading of Regassified Liquified Natural Gas, and the Renewables segment includes generation of power from renewable energy sources.
88GF Score
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