All Jews, regardless of levels of observance are "Torah Jews". (Please note that there's no such designation amongst Jews.)
It is indeed customary today to call observant Jews "Torah Jews"; so the answer to the question is Yes.
(To clarify: "Torah Jews" can mean more than one thing. If the definition is: Who is Jewish according to the Torah, then Torah Jews would include non-observant Jews, because they don't cease being Jewish.
If the definition is: Those who live the laws of the Torah [which is the way the phrase "Torah Jews" is usually used], then it is understandably common to reserve that description for observant Jews.
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