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Torrent Power Valuation Multiples
Discover revenue and EBITDA valuation multiples for Torrent Power and similar public comparables like Meridian Energy, CEMIG, ACCIONA EnergÃa, National Fuel Gas and more.
Torrent Power Overview
About Torrent Power
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.
Founded
2004
HQ

Employees
7.2K
Website
Financials (LTM)
EV
$9B
Torrent Power Financials
Torrent Power reported last 12-month revenue of $3B and EBITDA of $625M.
In the same LTM period, Torrent Power generated $1B in gross profit, $625M in EBITDA, and $277M in net income.
Revenue (LTM)
Torrent Power P&L
In the most recent fiscal year, Torrent Power reported revenue of $3B and EBITDA of $623M.
Torrent Power expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $684M | XXX | XXX | XXX |
| Gross Margin | 31% | XXX | 20% | XXX | XXX | XXX |
| EBITDA | $625M | XXX | $623M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $277M | XXX | $352M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $912M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Torrent Power Stock Performance
Torrent Power has current market cap of $9B, and enterprise value of $9B.
Market Cap Evolution
Torrent Power's stock price is $16.90.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $9B | 0.5% | XXX | XXX | XXX | $0.70 |
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Start Free TrialTorrent Power Valuation Multiples
Torrent Power trades at 2.7x EV/Revenue multiple, and 14.5x EV/EBITDA.
EV / Revenue (LTM)
Torrent Power Financial Valuation Multiples
As of April 19, 2026, Torrent Power has market cap of $9B and EV of $9B.
Equity research analysts estimate Torrent Power's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Torrent Power has a P/E ratio of 30.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 14.5x | XXX | 14.5x | XXX | XXX | XXX |
| EV/EBIT | 19.7x | XXX | 20.2x | XXX | XXX | XXX |
| EV/Gross Profit | 8.6x | XXX | 13.2x | XXX | XXX | XXX |
| P/E | 30.7x | XXX | 24.2x | XXX | XXX | XXX |
| EV/FCF | 704.9x | XXX | 75.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Torrent Power Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Torrent Power Margins & Growth Rates
Torrent Power's revenue in the last 12 month grew by 14%.
Torrent Power's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.0M for the same period.
Torrent Power's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Torrent Power's rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Torrent Power Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 22% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Torrent Power Public Comps
See public comps and valuation multiples for other Utilities and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Torrent Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Meridian Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| CEMIG | XXX | XXX | XXX | XXX | XXX | XXX |
| ACCIONA EnergÃa | XXX | XXX | XXX | XXX | XXX | XXX |
| National Fuel Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| ENN Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Torrent Power M&A Activity
Torrent Power acquired XXX companies to date.
Last acquisition by Torrent Power was on XXXXXXXX, XXXXX. Torrent Power acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Torrent Power
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTorrent Power Investment Activity
Torrent Power invested in XXX companies to date.
Torrent Power made its latest investment on XXXXXXXX, XXXXX. Torrent Power invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Torrent Power
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Torrent Power
| When was Torrent Power founded? | Torrent Power was founded in 2004. |
| Where is Torrent Power headquartered? | Torrent Power is headquartered in India. |
| How many employees does Torrent Power have? | As of today, Torrent Power has over 7K employees. |
| Is Torrent Power publicly listed? | Yes, Torrent Power is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Torrent Power? | Torrent Power trades under TORNTPOWER ticker. |
| When did Torrent Power go public? | Torrent Power went public in 2006. |
| Who are competitors of Torrent Power? | Torrent Power main competitors are Meridian Energy, CEMIG, ACCIONA EnergÃa, National Fuel Gas. |
| What is the current market cap of Torrent Power? | Torrent Power's current market cap is $9B. |
| What is the current revenue of Torrent Power? | Torrent Power's last 12 months revenue is $3B. |
| What is the current revenue growth of Torrent Power? | Torrent Power revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Torrent Power? | Current revenue multiple of Torrent Power is 2.7x. |
| Is Torrent Power profitable? | Yes, Torrent Power is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Torrent Power? | Torrent Power's last 12 months EBITDA is $625M. |
| What is Torrent Power's EBITDA margin? | Torrent Power's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Torrent Power? | Current EBITDA multiple of Torrent Power is 14.5x. |
| What is the current FCF of Torrent Power? | Torrent Power's last 12 months FCF is $13M. |
| What is Torrent Power's FCF margin? | Torrent Power's last 12 months FCF margin is 0%. |
| What is the current EV/FCF multiple of Torrent Power? | Current FCF multiple of Torrent Power is 704.9x. |
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