TheScreener - Torrent Power (TORNTPOWER) TORRENT POWER reduced its risk exposure resulting in an upgrade to Slightly Positive

Report

TheScreener

EUR 13.20 For Business Accounts Only

TORRENT POWER reduced its risk exposure resulting in an upgrade to Slightly Positive

TORRENT POWER (IN), a company active in the Conventional Electricity industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 8, 2022, the closing price was INR 468.80 and its potential was estimated at INR 579.14.

09/03/2022 1 EN

Underlying

Torrent Power

Torrent Power Limited is a holding company. The Company is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh. It is also engaged in the business of cables manufacturing with operations in the state of Gujarat. It has an aggregate generating capacity of approximately 3,334 megawatts (MW). The Company's generation facilities include an approximately 1,147.5 MW SUGEN Mega Power Plant near Surat; an over 382.5 MW UNOSUGEN Power Plant near Surat; an approximately 1,200 MW DGEN Power Plant at Dahej SEZ near Bharuch; an approximately 422 MW AMGEN Power Plant at Ahmedabad; an approximately 49.6 MW Wind Power Plant at Lalpur, Jamnagar; an approximately 51 MW Solar Power Plant at Charanka, Patan, and an approximately 81 MW GENSU Solar Power Plant near Surat. The Company distributes approximately 10 billion units of power to over 2.2 million customers.

See profile

INE813H01021 National Stock Exchange of India India

Provider

TheScreener

Empowering Investors

theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.

Worldwide coverage: theScreener analyses cover around 6'500 Stocks, i.e 95% of the world Market Capitalization. theScreener state of art: We provide
theScreener state of art: We provide easy to use and complete analyses over Stocks, including Fundamentals / Technical / Risk/ Peer / Alternatives analyses.
For Research Pool community, we provide twice a week around 500 new equity analyses. We produce analyses about equities which have been upgraded or downgraded.

See profile

Other Reports on these Companies

Motilal Oswal

MOSL: TORRENT POWER (Buy)-Low LNG prices keep UnoSugen up and running

Torrent Power: Low LNG prices keep UnoSugen up and running (TPW IN, Mkt Cap USD1.8b, CMP INR270, TP INR346, 28% Upside, Buy) We met Torrent Power (TPW) to get an update on the business outlook. Key takeaways: Plan to increase gas sourcing mix toward spot - TPW has not tied-up new gas supplies for its UnoSugen PPA (effective from 1st Jul’19). Instead, the company is (a) making use of gas tied up for Sugen (@USD6.5/mmbtu till Dec’20) and (b) buying from spot, as required. - While the Unosugen PPA has a ceiling on the cost of supply (INR5.6/kWh), current spot contract price...

EUR 120.00

December 19, 2019 December 19, 2019 8 EN

Motilal Oswal

MOSL: TORRENT POWER (Buy)-UnoSugen, merchant sales drive growth

TORRENT POWER: UnoSugen, merchant sales drive growth (TPW IN, Mkt Cap USD2b, CMP INR291, TP INR357, 23% Upside, Buy) Torrent Power's (TPW) 2QFY20 EBITDA was up 7% YoY to INR10.6b, led by the UnoSugen PPA, short-term sales and the better performance at DFs. This was partly offset by the impact from the new CERC norms on Sugen. PBT was up 6% YoY to INR5.3b (our estimate: INR5.1b). PAT increased 83% YoY to INR7.5b on account of deferred tax credit. The current quarter contains one-offs pertaining to (1) +INR1.7b on favorable APTEL order, (2) -INR1.6b related to provisions on SECI-III delay a...

EUR 120.00

November 7, 2019 November 7, 2019 8 EN

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

AC ENERGY CORP (PH), a company active in the Alternative Electricity industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 4 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date April 8, 2022, the closing price was PHP 8.54 and its expected value was estimated at PHP 8.53.

Free Trial

April 9, 2022 April 9, 2022 1 EN

With a more favourable environment, VUKILE PROPERTY improves to Positive

VUKILE PROPERTY (ZA), a company active in the Real Estate Holding & Development industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date April 5, 2022, the closing price was ZAR 13.72 and its potential was estimated at ZAR 15.16.

Free Trial

April 6, 2022 April 6, 2022 1 EN

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of ROYAL BAFOKENG PLATINUM (ZA), active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date April 5, 2022, the closing price was ZAR 159.78 and its target price was estimated at ZAR 127.50.

Free Trial

April 6, 2022 April 6, 2022 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

TORRENT POWER reduced its risk exposure resulting in an upgrade to Slightly Positive

Empowering Investors

MOSL: TORRENT POWER (Buy)-Low LNG prices keep UnoSugen up and running

MOSL: TORRENT POWER (Buy)-UnoSugen, merchant sales drive growth

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe