Power
Smart Money: Smart money has been increasing their position in the stock.
Dividend: Dividend paying stock. Dividend yield of 3.32%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: In past three years, the stock has provided 18.8% return compared to 12.3% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Balance Sheet: Reasonably good balance sheet.
Profitability: Very strong Profitability. One year profit margin are 32%.
Technicals: SharesGuru indicator is Bearish.
Momentum: Stock is suffering a negative price momentum. Stock is down -6.8% in last 30 days.
Valuation | |
|---|---|
| Market Cap | 2.52 LCr |
| Price/Earnings (Trailing) | 16.59 |
| Price/Sales (Trailing) | 5.32 |
| EV/EBITDA | 9.8 |
| Price/Free Cashflow | 19.94 |
| MarketCap/EBT | 13.85 |
| Enterprise Value | 3.85 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 47.45 kCr |
| Rev. Growth (Yr) | -1.5% |
| Earnings (TTM) | 15.2 kCr |
| Earnings Growth (Yr) | -6% |
Profitability | |
|---|---|
| Operating Margin | 38% |
| EBT Margin | 38% |
| Return on Equity | 15.37% |
| Return on Assets | 5.46% |
| Free Cashflow Yield | 5.02% |
Growth & Returns | |
|---|---|
| Price Change 1W | -0.30% |
| Price Change 1M | -6.8% |
| Price Change 6M | -9.6% |
| Price Change 1Y | -13.1% |
| 3Y Cumulative Return | 18.8% |
| 5Y Cumulative Return | 20.6% |
| 7Y Cumulative Return | 14.4% |
| 10Y Cumulative Return | 13.9% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -23.53 kCr |
| Cash Flow from Operations (TTM) | 36.22 kCr |
| Cash Flow from Financing (TTM) | -12.36 kCr |
| Cash & Equivalents | 3.32 kCr |
| Free Cash Flow (TTM) | 13.61 kCr |
| Free Cash Flow/Share (TTM) | 14.63 |
Balance Sheet | |
|---|---|
| Total Assets | 2.78 LCr |
| Total Liabilities | 1.79 LCr |
| Shareholder Equity | 98.93 kCr |
| Current Assets | 31.02 kCr |
| Current Liabilities | 35.21 kCr |
| Net PPE | 1.67 LCr |
| Inventory | 1.88 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.49 |
| Debt/Equity | 1.37 |
| Interest Coverage | 1.19 |
| Interest/Cashflow Ops | 5.21 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 9 |
| Dividend Yield | 3.32% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Updated Nov 15, 2025
Power Grid Corporation has declared a 45% interim dividend for FY26, enhancing shareholder value.
Analysts from Motilal Oswal and Antique Stock Broking have assigned a 'Buy' rating for POWERGRID, indicating strong market confidence.
The company is planning to raise up to Rs 60 billion through a loan for future growth initiatives.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of POWER GRID Corp OF INDIA's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
The management of Power Grid Corporation of India Limited provided a positive outlook for the future, emphasizing a commitment to significantly increase capitalization and project execution. The key forward-looking points from the management include:
Capitalization Target: For FY 2025-26, the company is targeting a capitalization of approximately Rs.20,000 crores. Future projections indicate an increasing trajectory, targeting Rs.25,000 to Rs.26,000 crores in FY 2026-27, and Rs.35,000 crores in FY 2027-28, followed by Rs.45,000 crores in FY 2028-29.
Project Pipeline: The management has identified a project pipeline worth Rs.1.52 lakh crores, including Rs.1.03 lakh crores in TBCB projects. Key projects include the significant Brahmaputra basin initiative, requiring investments of Rs.6.42 lakh crores up to 2035, focusing on HVDC corridors and power transfer stations.
Equipment Procurement: Despite facing challenges with delays in equipment sourcing, especially transformers and HVDC components, the management is proactively procuring these items in advance to mitigate potential execution delays. The company is also leveraging local production capacities from international manufacturers who have established plants in India.
Innovations: Management highlighted ongoing innovations, such as the development of insulated cross arms for 400 kV transmission lines, which aim to reduce environmental impact and construction delays.
Financial Performance: In the half-year results, total income was reported at Rs.23,115 crores, with a EBITDA of Rs.19,109 crores and profit after tax of Rs.7,197 crores. The company anticipates continued growth supported by ongoing initiatives and evolving market demands.
Regulatory Changes: Management mentioned regulatory adjustments regarding land acquisition and compensation for ROW, aimed at facilitating smoother project execution.
Overall, the management is optimistic about future growth, driven by extensive project pipelines, strategic equipment procurement, and a solid record of innovation and execution.
Last updated:
Question: "Given that we had achieved around 46 billion of capitalization in the first half and we have guided about 220 billion for the full year. Do we still maintain that target and what challenges are you facing?"
Answer: Yes, we still maintain our capitalization target of about Rs. 20,000 crores for this financial year. Our major challenge lies in obtaining Right of Way (RoW) from landowners. However, the Government of India has issued guidelines to increase compensation rates, which should help. We're optimistic that we can achieve our target with these measures in place.
Question: "Have we tied up for the equipment for the next 2-3 years, and is there any shortage of transmission equipment?"
Answer: Yes, we are proactively procuring equipment like transformers and GIS, which do face supply constraints. We are ordering in advance to mitigate project delays. However, HVDC equipment requires specific project alignment and has a longer timeline. We are managing resources effectively to ensure timely project delivery.
Question: "When you move from HVDC to AC for the Leh Ladakh project, will commissioning timeline increase or reduce, and will capex go up or down?"
Answer: The estimated cost for the AC project is around Rs. 30,000 crores, compared to the previous Rs. 20,000 crores for HVDC. Although this represents an increase, the timeline remains unchanged. We expect completion by 2029 as the technology for 400 kV is readily available.
Question: "On your standalone accounts, you have an effective tax rate of less than 20%. How long will this benefit last?"
Answer: This lower effective tax rate is due to our current capitalization and income structure. Once capitalization stabilizes and profit exceeds certain thresholds, we will likely revert to a more standard tax rate of 25%. However, as we continue growing capital projects, we expect to return to MAT soon.
Question: "What is the status of the Rajasthan joint venture on the transmission side?"
Answer: The Rajasthan JV has faced regulatory hurdles regarding project limits. As of now, we are awaiting communication from the Rajasthan Government and do not expect significant progress until their regulations change.
Question: "What is your guidance on capitalization for 2026, 2027, and 2028?"
Answer: We are targeting about Rs. 20,000 crores for the current year, Rs. 25,000-26,000 crores for FY27, and Rs. 28,000 crores for FY28. Beyond that, I estimate capitalizations could rise to Rs. 35,000-45,000 crores by FY28 based on ongoing projects and expansions.
Analysis of POWER GRID Corp OF INDIA's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Transmission | 92.2% | 10.7 kCr |
| Consultancy | 5.3% | 614.4 Cr |
| Telecom | 2.5% | 291.1 Cr |
| Total | 11.6 kCr |
Understand POWER GRID Corp OF INDIA ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| LIFE INSURANCE CORPORATION OF INDIA - ULIF00420091 | 3.16% |
| PARAG PARIKH ARBITRAGE FUND | 2.93% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF | 2.72% |
| GOVERNMENT OF SINGAPORE - E | 2.34% |
| BHARAT 22 ETF | 1.49% |
| HDFC MUTUAL FUND - HDFC FOCUSED FUND | 1.38% |
| FOREIGN INSTITUTIONAL INVESTORS | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of POWER GRID Corp OF INDIA against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| NTPC | NTPC | 3.18 LCr | 1.9 LCr | -3.20% | -11.80% | 13.41 | 1.68 | - | - |
| ADANIGREEN | Adani Green Energy | 1.76 LCr | 13.17 kCr | +2.40% | -28.30% | 89.97 | 13.37 | - | - |
| TATAPOWER | Tata Power Co. | 1.24 LCr | 67.69 kCr | -2.00% | -4.00% | 30.66 | 1.83 | - | - |
| NHPC | NHPC | 80.66 kCr | 12.36 kCr | -7.70% | +2.40% | 25.41 | 6.52 | - | - |
| TORNTPOWER | TORRENT POWER | 65.56 kCr | 29.21 kCr | -0.70% | -16.60% | 21.8 | 2.24 | - | - |
| SJVN | SJVN | 32.79 kCr | 3.36 kCr | -6.60% | -19.60% | 58.76 | 9.76 | - | - |
Comprehensive comparison against sector averages
POWERGRID metrics compared to Power
| Category | POWERGRID | Power |
|---|---|---|
| PE | 16.59 | 18.63 |
| PS | 5.32 | 2.89 |
| Growth | 0.4 % | 2.9 % |
POWER GRID Corp OF INDIA is a prominent power transmission company, operating under the stock ticker POWERGRID. With a significant market capitalization of Rs. 286,970 Crores, it specializes in the transmission of electric power both domestically and internationally.
The company is structured into three main segments:
As of June 30, 2024, POWER GRID owned and managed 1,77,790 circuit kilometers of transmission lines, alongside 278 substations with a transformation capacity of 5,28,761 mega volt ampere.
In addition to its core transmission services, the company provides a range of consultancy services, including:
The company also operates under the POWERTEL brand, providing overhead optic fiber network services utilizing optical ground wire on its power transmission lines, and is involved in operating electric vehicle charging stations.
Founded in 1989 and originally named National Power Transmission Corporation Limited, it rebranded to Power Grid Corporation of India Limited in October 1992. Headquartered in Gurugram, India, the company reported a trailing twelve months revenue of Rs. 47,174 Crores and profits of Rs. 15,544.9 Crores over the previous four quarters, demonstrating its profitability.
Moreover, POWER GRID Corp OF INDIA has shown robust growth, with an 11.1% increase in revenue over the past three years. The company values its investors, distributing dividends with a yield of 4.86% per year, having paid out Rs. 15 in dividends per share in the last year.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
POWERGRID vs Power (2021 - 2025)