Torrent Power (NSE:TORNTPOWER) Dividend Payout Ratio: 2.38 (As of Mar. 2026) — 721% Above Median


NSE:TORNTPOWER Torrent Power Ltd NSE:TORNTPOWER
88 GF Score
Price ₹1,419.40
GF Value ₹1,409.08
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Torrent Power Dividend Payout Ratio?

Torrent Power NSE:TORNTPOWER +0.32% 88 Dividend Payout Ratio is 2.38 as of Mar. 2026, which is 721% above its 10-year median of 0.29. GuruFocus rates NSE:TORNTPOWER with a GF Score™ of 88/100 and a GF Value™ of ₹1,409.08 (Fairly Valued). The stock has 5 warning signs investors should review. Among 180 Utilities - Independent Power Producers companies, Torrent Power ranks better than 53.33% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Torrent Power's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.38.

The historical rank and industry rank for Torrent Power's Dividend Payout Ratio or its related term are showing as below:

NSE:TORNTPOWER' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.29   Max: 0.47
Current: 0.42

During the past 13 years, the highest Dividend Payout Ratio of Torrent Power was 0.47. The lowest was 0.12. And the median was 0.29.

NSE:TORNTPOWER's Dividend Payout Ratio is ranked better than
53.33% of 180 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44 vs NSE:TORNTPOWER: 0.42

As of today (2026-07-11), the Dividend Yield % of Torrent Power is 1.41%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Torrent Power was 5.94%. The lowest was 0.73%. And the median was 1.75%.

Torrent Power's Dividends per Share for the months ended in Mar. 2026 was ₹15.00.

During the past 12 months, Torrent Power's average Dividends Per Share Growth Rate was 11.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 30.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 24.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Torrent Power was 71.00% per year. The lowest was -56.30% per year. And the median was 20.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Torrent Power (NSE:TORNTPOWER) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Torrent Power Dividend Payout Ratio Related Terms

Torrent Power Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Torrent Power's Dividend Payout Ratio 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.

Torrent Power Dividend Payout Ratio Chart

Torrent Power Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.21 0.44 0.29 0.42

Torrent Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.67 0.34 0.00 0.00 2.38

NSE:TORNTPOWER vs CEG, VST, NRG: Dividend Payout Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Torrent Power's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Torrent Power's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Torrent Power's Dividend Payout Ratio falls into.


NSE:TORNTPOWER
88GF Score
Torrent Power Ltd NSE:TORNTPOWER
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Torrent Power Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Torrent Power's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=20/ 47.95
=0.42

Torrent Power's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=15/ 6.31
=2.38

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 2.38 mean?
Torrent Power (NSE:TORNTPOWER) has a Dividend Payout Ratio of 2.38 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Torrent Power and its competitors. This is 721% above median its historical median of 0.29. Over the past decade, Torrent Power's Dividend Payout Ratio has ranged from 0.12 to 0.47. According to the industry distribution chart, Torrent Power ranks #84 out of 180 companies in the Utilities - Independent Power Producers industry, placing it in the top 46.7%.
Is Torrent Power's Dividend Payout Ratio too high?
Torrent Power's current Dividend Payout Ratio of 2.38 is 721% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.47. The Utilities - Independent Power Producers industry median Dividend Payout Ratio is 0.44. Torrent Power's value of 2.38 is 440.9% above this industry median. Based on the distribution chart, Torrent Power ranks #84 out of 180 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 Dividend Payout Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Torrent Power ranks #84 out of 180 companies for Dividend Payout Ratio. This puts Torrent Power in the upper half of its industry. The industry median Dividend Payout Ratio is 0.44. Torrent Power's value of 2.38 is 440.9% above this benchmark. Historically, Torrent Power's own Dividend Payout Ratio has ranged from 0.12 to 0.47 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.44, Torrent Power has consistently been above 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 Dividend Payout Ratio for an Utilities - Independent Power Producers company?
The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 180 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Torrent Power's current Dividend Payout Ratio of 2.38 is 440.9% above 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Torrent Power and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Torrent Power's current Dividend Payout Ratio is 2.38, which is 721% above median its own 10-year median of 0.29. 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 ₹1,409.08, compared to a current price of ₹1,419.40 — trading 0.7% above its estimated fair value. The current Dividend Payout Ratio is 2.38, which is 721% above median its 10-year median of 0.29 and 440.9% above the Utilities - Independent Power Producers industry median of 0.44. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Torrent Power (NSE:TORNTPOWER), the current Dividend Payout Ratio is 2.38 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 ₹1,419.40 is trading 0.7% above its estimated GF Value™ of ₹1,409.08. GuruFocus considers Torrent Power to be Fairly Valued.

Key valuation signals for NSE:TORNTPOWER:

  • Dividend Payout Ratio: 2.38 (721% above median its 10-year median of 0.29)
  • GF Value™: ₹1,409.08 vs. price of ₹1,419.40 (0.7% above fair value)
  • GF Score™: 88/100 with 5 warning signs
  • Industry Position: 440.9% above the Utilities - Independent Power Producers median (#84 of 180)

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 Business Description

Other Exchanges 532779:India
Address Samanvay, 600, Tapovan, Ambawadi, Ahmedabad, GJ, IND, 380015
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

Get the complete analysis for NSE:TORNTPOWER

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,419.40
Price
₹1,409.08
GF Value