BEL.NS vs. TORNTPOWER.NS

Last updated Jun 5, 2026

BEL.NS (Bharat Electronics Limited) and TORNTPOWER.NS (Torrent Power Limited) are both stocks. BEL.NS operates in Aerospace & Defense (Industrials), while TORNTPOWER.NS operates in Utilities - Independent Power Producers (Utilities). Over the past 10 years, BEL.NS returned 29.93%/yr vs 26.04%/yr for TORNTPOWER.NS. At a 0.29 correlation, their price movements are largely independent.

Performance

BEL.NS vs. TORNTPOWER.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Bharat Electronics Limited (BEL.NS) and Torrent Power Limited (TORNTPOWER.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEL.NS achieves a 3.01% return, which is significantly lower than TORNTPOWER.NS's 11.34% return. Over the past 10 years, BEL.NS has outperformed TORNTPOWER.NS with an annualized return of 29.93%, while TORNTPOWER.NS has yielded a comparatively lower 26.04% annualized return.

BEL.NS

• 1D: 0.81%
• 1M: -6.78%
• YTD: 3.01%
• 6M: 1.17%
• 1Y: 5.61%
• 3Y*: 53.83%
• 5Y*: 53.77%
• 10Y*: 29.93%

TORNTPOWER.NS

• 1D: 0.23%
• 1M: -16.49%
• YTD: 11.34%
• 6M: 12.79%
• 1Y: 3.33%
• 3Y*: 36.71%
• 5Y*: 30.27%
• 10Y*: 26.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEL.NS vs. TORNTPOWER.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEL.NS Bharat Electronics Limited	3.01%	37.39%	60.76%	87.62%	45.68%	79.86%	23.47%	17.07%	-51.05%	47.74%
TORNTPOWER.NS Torrent Power Limited	11.34%	-10.78%	61.12%	99.30%	-9.47%	79.48%	15.84%	10.72%	-5.79%	60.10%

Correlation

The correlation between BEL.NS and TORNTPOWER.NS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 29, 2006	0.29

Return for Risk

BEL.NS vs. TORNTPOWER.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEL.NS

BEL.NS Risk / Return Rank: 47
BEL.NS Sharpe Ratio Rank: 50
BEL.NS Sortino Ratio Rank: 44
BEL.NS Omega Ratio Rank: 42
BEL.NS Calmar Ratio Rank: 50
BEL.NS Martin Ratio Rank: 50

TORNTPOWER.NS

TORNTPOWER.NS Risk / Return Rank: 42
TORNTPOWER.NS Sharpe Ratio Rank: 45
TORNTPOWER.NS Sortino Ratio Rank: 39
TORNTPOWER.NS Omega Ratio Rank: 39
TORNTPOWER.NS Calmar Ratio Rank: 44
TORNTPOWER.NS Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEL.NS vs. TORNTPOWER.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bharat Electronics Limited (BEL.NS) and Torrent Power Limited (TORNTPOWER.NS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BEL.NS	TORNTPOWER.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.22	0.10	+0.13
Sortino ratio: Return per unit of downside risk	0.53	0.34	+0.19
Omega ratio: Gain probability vs. loss probability	1.06	1.04	+0.02
Calmar ratio: Return relative to maximum drawdown	0.36	0.14	+0.22
Martin ratio: Return relative to average drawdown	0.77	0.27	+0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEL.NS vs. TORNTPOWER.NS - Sharpe Ratio Comparison

The current BEL.NS Sharpe Ratio is 0.22, which is higher than the TORNTPOWER.NS Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of BEL.NS and TORNTPOWER.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BEL.NS	TORNTPOWER.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	0.10	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.72	0.86	+0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.76	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.45	+0.30

Drawdowns

BEL.NS vs. TORNTPOWER.NS - Drawdown Comparison

The maximum BEL.NS drawdown since its inception was -73.29%, smaller than the maximum TORNTPOWER.NS drawdown of -79.97%. Use the drawdown chart below to compare losses from any high point for BEL.NS and TORNTPOWER.NS.

Drawdown Indicators

	BEL.NS	TORNTPOWER.NS	Difference
Max Drawdown Largest peak-to-trough decline	-73.29%	-79.97%	+6.68%
Max Drawdown (1Y) Largest decline over 1 year	-15.63%	-20.33%	+4.70%
Max Drawdown (3Y) Largest decline over 3 years	-26.90%	-38.31%	+11.41%
Max Drawdown (5Y) Largest decline over 5 years	-26.90%	-38.31%	+11.41%
Max Drawdown (10Y) Largest decline over 10 years	-67.21%	-38.31%	-28.90%
Current Drawdown Current decline from peak	-12.50%	-25.20%	+12.70%
Average Drawdown Average peak-to-trough decline	-20.48%	-28.80%	+8.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.34%	10.58%	-3.24%

Volatility

BEL.NS vs. TORNTPOWER.NS - Volatility Comparison

The current volatility for Bharat Electronics Limited (BEL.NS) is 6.59%, while Torrent Power Limited (TORNTPOWER.NS) has a volatility of 12.27%. This indicates that BEL.NS experiences smaller price fluctuations and is considered to be less risky than TORNTPOWER.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEL.NS	TORNTPOWER.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	12.27%	-5.68%
Volatility (6M) Calculated over the trailing 6-month period	19.68%	25.63%	-5.95%
Volatility (1Y) Calculated over the trailing 1-year period	25.27%	30.08%	-4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.97%	35.96%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.82%	35.00%	+0.82%

Dividends

BEL.NS vs. TORNTPOWER.NS - Dividend Comparison

BEL.NS's dividend yield for the trailing twelve months is around 0.70%, less than TORNTPOWER.NS's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEL.NS Bharat Electronics Limited	0.70%	0.60%	0.75%	0.98%	1.50%	1.91%	2.33%	2.70%	2.27%	1.12%	1.24%	0.71%
TORNTPOWER.NS Torrent Power Limited	1.04%	1.45%	1.08%	2.78%	1.83%	1.99%	3.65%	1.76%	1.91%	0.78%	2.51%	0.86%

Financials

Frequently Asked Questions

Can I hold both BEL.NS and TORNTPOWER.NS in my portfolio?

BEL.NS and TORNTPOWER.NS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.