Power
Valuation | |
|---|---|
| Market Cap | 2.68 LCr |
| Price/Earnings (Trailing) | 17.62 |
| Price/Sales (Trailing) | 5.65 |
| EV/EBITDA | 10.2 |
| Price/Free Cashflow | 19.94 |
| MarketCap/EBT | 14.71 |
| Enterprise Value | 4.01 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -3.2% |
| Price Change 1M | -3.7% |
| Price Change 6M | -9.5% |
| Price Change 1Y | -11.5% |
| 3Y Cumulative Return | 18% |
| 5Y Cumulative Return | 22.6% |
| 7Y Cumulative Return | 14.9% |
| 10Y Cumulative Return | 14.2% |
| Revenue (TTM) |
| 47.45 kCr |
| Rev. Growth (Yr) | -1.5% |
| Earnings (TTM) | 15.2 kCr |
| Earnings Growth (Yr) | -6% |
Profitability | |
|---|---|
| Operating Margin | 40% |
| EBT Margin | 40% |
| Return on Equity | 16.65% |
| Return on Assets | 5.8% |
| Free Cashflow Yield | 5.02% |
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 | 1.41 |
| Interest Coverage | 1.19 |
| Interest/Cashflow Ops | 5.21 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 9 |
| Dividend Yield | 3.12% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
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% return compared to 13.5% by NIFTY 50.
Balance Sheet: Reasonably good balance sheet.
Smart Money: Smart money has been increasing their position in the stock.
Size: It is among the top 200 market size companies of india.
Dividend: Dividend paying stock. Dividend yield of 3.12%.
Profitability: Very strong Profitability. One year profit margin are 32%.
Momentum: Stock is suffering a negative price momentum. Stock is down -3.7% in last 30 days.
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% return compared to 13.5% by NIFTY 50.
Balance Sheet: Reasonably good balance sheet.
Smart Money: Smart money has been increasing their position in the stock.
Size: It is among the top 200 market size companies of india.
Dividend: Dividend paying stock. Dividend yield of 3.12%.
Profitability: Very strong Profitability. One year profit margin are 32%.
Momentum: Stock is suffering a negative price momentum. Stock is down -3.7% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 3.12% |
| Dividend/Share (TTM) | 9 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 16.35 |
Financial Health | |
|---|---|
| Current Ratio | 0.73 |
| Debt/Equity | 1.41 |
Technical Indicators | |
|---|---|
| RSI (14d) | 52.91 |
| RSI (5d) | 41.16 |
| RSI (21d) | 56.53 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Updated Nov 4, 2025
Power Grid's net profit fell 6% year-on-year to ₹3,566 crore, missing market expectations and raising concerns about profitability.
The company's EBITDA dropped 6.1% to ₹9,114 crore, resulting in narrower margins of 79.4%, compared to 86% last year.
Overall, Power Grid shares are down 9.7% year-to-date, reflecting a negative sentiment among investors.
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.
In the Q1 FY 2025-26 earnings call, management provided an optimistic outlook for Power Grid Corporation of India Limited. The company is committed to supporting the Government of India's mission for renewable energy (RE) development, targeting a capacity of 500 GW by 2030. To achieve this, a robust transmission system is essential, as highlighted by their inter-regional capacity of 101 GW out of the total 120 GW.
Key financial figures shared include:
Management indicated a CAPEX of Rs.28,000 Crore for FY26 with a commissioning target of Rs.22,000 Crore, further broken down into quarterly targets: Rs.3,000 Crore (Q2), Rs.7,000 Crore (Q3), and Rs.8,000 Crore (Q4). They emphasized their efficient project execution capabilities, including the recent commissioning of critical substations in high renewable energy regions, such as Khavda and Kurnool.
Looking forward, management outlined substantial growth opportunities, including:
Key challenges addressed included the right-of-way (RoW) issues, acknowledged as a significant barrier but showing signs of improvement with initiatives for better compensation guidelines and the establishment of dedicated teams to resolve these issues.
Overall, management expressed confidence in meeting their targets and navigating challenges while expanding their renewable energy initiatives.
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 |
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 | 3.27 LCr | 1.9 LCr | -3.30% | -17.60% | 13.75 | 1.72 | - | - |
| ADANIGREEN | Adani Green Energy | 1.79 LCr | 13.17 kCr |
Comprehensive comparison against sector averages
POWERGRID metrics compared to Power
| Category | POWERGRID | Power |
|---|---|---|
| PE | 17.62 | 18.46 |
| PS | 5.65 | 2.99 |
| Growth | 0.4 % | 2.7 % |
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.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
POWERGRID vs Power (2021 - 2025)
Investor Presentation • 04 Nov 2025 Presentation on Webinar scheduled to be held on Tuesday, 03rd November, 2025. |
Newspaper Publication • 04 Nov 2025 Newspaper Publication of Unaudited Financial Results for the quarter and half year ended 30th September, 2025. |
Analyst / Investor Meet • 29 Oct 2025 Schedule of Webinar for Investors & Analysts on Financial Performance of POWERGRID for the 2nd quarter & half year ended 30th September, 2025. |
Acquisition • 17 Oct 2025 Acquisition of SR WR Power Transmission Limited by POWERGRID under TBCB route. |
Acquisition • 16 Oct 2025 Acquisition of Vindhyachal Varanasi Transmission Limited by POWERGRID under TBCB route. |
• 13 Oct 2025 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Here are the major questions and their detailed answers from the Q&A section of the earnings transcript:
Question: Can you provide more detail on future growth levers that include BESS and Green Hydrogen, and the organization's investment in people and technical skills?
Answer: Our core area remains transmission, and we are expanding into solar with 85MW commissioned at Nagda. For Green Hydrogen, we will generate it at our Neemrana substation using solar energy, which can then be converted back to electricity. We aim to be a significant player in BESS as we pursue a tender for 2000 MW/4000 MWh in Rajasthan. We're investing in capabilities to capitalize on these opportunities over the next few years.
Question: Can you elaborate on right of way (RoW) challenges and if the situation is improving?
Answer: RoW is indeed a significant challenge in India. We've established a dedicated women's cell for resolving RoW issues and have engaged with the government to enhance compensation for affected farmers. Recent changes allow for market rate compensation, significantly higher than previous rates. While we've made progress in Maharashtra and Gujarat, we still face challenges, particularly in Delhi and Haryana.
Question: What updates can you share regarding the GIB issue in Rajasthan?
Answer: The GIB issue is no longer a concern. We have ensured that current and future transmission planning avoids GIB areas. This proactive approach allows us to continue executing projects without further interruptions from this environmental concern.
Question: Any update on the Leh project and potential technology changes?
Answer: There have been delays in the Leh project due to its challenges at high altitudes. Currently, only one party is interested, and they have submitted a bid. We are evaluating their queries, and a decision will be made in a couple of months regarding whether to proceed with HVDC technology or switch to HVAC based on feasibility.
Question: Can you specify the capitalization figure for Q1?
Answer: Our capitalization for Q1 is approximately Rs.1,800 Crore, while we commissioned around Rs.2,800 Crore worth of projects. However, full capitalization is pending for some projects until all elements are commissioned.
Question: What are the capitalized projects and targets for FY27-28?
Answer: For FY27, we expect around Rs.20,000-25,000 Crore in capitalization, with a focus on timely commissioning of ongoing projects. For FY28, this could increase to about Rs.25,000 Crore, reflecting our ramped-up project execution.
Question: Why has consolidated profit declined?
Answer: Profit has decreased due to higher CSR expenditures of Rs.70 Crore compared to last year and increased losses from our joint venture, EESL, which impacted profits significantly. Although standalone profits improved, these factors contributed to the decline in overall consolidated profit.
Question: Can you discuss your financing strategy for upcoming capital expenditures?
Answer: We plan to meet our financing needs through internal resources, as our profits will cover a significant portion. Additionally, we will secure loans at competitive rates given our strong balance sheet. Our strategy for TBCB projects typically involves upfront equity investment of about 20%.
Question: Can you share insights into supply chain challenges for transformers?
Answer: We are indeed facing significant bottlenecks. We often receive limited bids for critical components as demand has surged. To mitigate risks, we are procuring transformers and critical components ahead of projects to ensure we meet demands without delays when projects commence.
Question: Does the Rs.1.48 lakh Crore project pipeline include both inter-state and intra-state projects?
Answer: Yes, the Rs.1.48 lakh Crore covers inter-state and intra-state projects. With various states initiating their own TBCB projects, we see additional opportunities for growth in the coming years.
These questions and answers encapsulate the key concerns raised during the earnings call and provide insights into Power Grid Corporation's current strategies and outlook.
| 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| +1.50% |
| -32.60% |
| 91.45 |
| 13.59 |
| - |
| - |
| TATAPOWER | Tata Power Co. | 1.28 LCr | 67.85 kCr | +1.40% | -6.60% | 31.57 | 1.89 | - | - |
| NHPC | NHPC | 84.54 kCr | 12.13 kCr | -3.20% | +1.00% | 27.68 | 6.97 | - | - |
| TORNTPOWER | TORRENT POWER | 65.72 kCr | 28.55 kCr | +6.80% | -27.40% | 23.58 | 2.3 | - | - |
| SJVN | SJVN | 34.31 kCr | 3.39 kCr | -4.60% | -21.60% | 49.61 | 10.12 | - | - |
| Total profit before tax | -9.1% | 3,937 | 4,330 | 5,041 | 4,914 | 4,536 | 4,637 |
| Current tax | -9.6% | 701 | 775 | 939 | 882 | 761 | 781 |
| Deferred tax | 38% | 128 | 93 | -19.98 | 209 | 123 | 99 |
| Total tax | -4.5% | 829 | 868 | 919 | 1,090 | 884 | 879 |
| Total profit (loss) for period | -1.8% | 3,566 | 3,631 | 4,143 | 3,862 | 3,793 | 3,724 |
| Other comp. income net of taxes | -76.3% | 46 | 191 | -77.49 | -116.35 | -86.92 | 44 |
| Total Comprehensive Income | -5.5% | 3,612 | 3,821 | 4,065 | 3,745 | 3,706 | 3,768 |
| Earnings Per Share, Basic | -2.1% | 3.84 | 3.9 | 4.46 | 4.15 | 4.08 | 4 |
| Earnings Per Share, Diluted | -2.1% | 3.84 | 3.9 | 4.46 | 4.15 | 4.08 | 4 |
| Debt equity ratio | 5.7% | 1.37 | 1.35 | 1.41 | 0.0141 | 0.01 | 0.0136 |
| Debt service coverage ratio | 1400% | 1.9 | 1.06 | 1.57 | 0.0156 | 0.01 | 0.0167 |
| Interest service coverage ratio | -7.7% | 4.36 | 4.64 | 4.16 | 0.0475 | 0.04 | 0.0439 |
| -1.6% |
| 12,352 |
| 12,558 |
| 12,940 |
| 12,551 |
| 11,712 |
| 11,073 |
| Other expenses | 9.3% | 3,562 | 3,259 | 3,564 | 2,772 | 2,499 | 2,824 |
| Total Expenses | 2.7% | 27,987 | 27,241 | 28,753 | 25,768 | 24,822 | 25,671 |
| Profit Before exceptional items and Tax | -1.3% | 18,339 | 18,574 | 17,215 | 16,568 | 15,705 | 12,647 |
| Exceptional items before tax | - | 0 | 0 | 0 | 3,760 | -1,078.64 | 0 |
| Total profit before tax | -1.3% | 18,339 | 18,574 | 17,215 | 20,327 | 14,626 | 12,647 |
| Current tax | -1.8% | 3,178 | 3,236 | 2,914 | 3,282 | 2,529 | 2,231 |
| Deferred tax | 114.4% | 88 | -604.45 | -775.57 | -571 | 560 | 1,289 |
| Total tax | 24.1% | 3,266 | 2,632 | 2,138 | 2,711 | 3,089 | 3,520 |
| Total profit (loss) for period | -0.8% | 15,354 | 15,475 | 15,333 | 17,094 | 11,936 | 10,811 |
| Other comp. income net of taxes | -2.8% | -239.33 | -232.89 | -106.7 | 291 | 25 | -104.02 |
| Total Comprehensive Income | -0.8% | 15,114 | 15,242 | 15,226 | 17,385 | 11,961 | 10,707 |
| Earnings Per Share, Basic | -0.8% | 16.51 | 16.64 | 16.485041 | 18.382546 | 12.830689 | 11.626933 |
| Earnings Per Share, Diluted | -0.8% | 16.51 | 16.64 | 16.485041 | 18.382546 | 12.830689 | 11.626933 |
| Debt equity ratio | 142.6% | 1.42 | 0.0142 | 0.0153 | 0.0177 | 0.0203 | 0.0223 |
| Debt service coverage ratio | 148.8% | 1.48 | 0.0165 | 0.0152 | 0.0161 | 0.018 | 0.0169 |
| Interest service coverage ratio | 406.6% | 3.94 | 0.041 | 0.0393 | 0.0461 | 0.0416 | 0.0373 |
| 6.9% |
| 13,008 |
| 12,167 |
| 10,877 |
| 9,581 |
| 8,046 |
| 7,668 |
| Investment property | 0% | 1.87 | 1.87 | 1.84 | 1.84 | 0 | 0 |
| Non-current investments | 12.9% | 12,769 | 11,312 | 8,980 | 8,732 | 7,741 | 7,415 |
| Loans, non-current | 27% | 46,022 | 36,249 | 27,016 | 21,503 | 18,530 | 16,897 |
| Total non-current financial assets | 22.7% | 64,887 | 52,889 | 41,313 | 35,179 | 30,866 | 29,178 |
| Total non-current assets | 4.1% | 232,088 | 222,997 | 214,711 | 212,123 | 210,698 | 214,067 |
| Total assets | 4.5% | 269,475 | 257,870 | 248,785 | 245,421 | 241,651 | 246,294 |
| Borrowings, non-current | 9.5% | 120,313 | 109,858 | 104,112 | 105,067 | 106,646 | 113,891 |
| Total non-current financial liabilities | 9.2% | 123,873 | 113,421 | 107,678 | 108,657 | 110,198 | 117,518 |
| Provisions, non-current | 6.4% | 770 | 724 | 687 | 643 | 602 | 578 |
| Total non-current liabilities | 8.2% | 142,964 | 132,149 | 127,506 | 128,749 | 130,801 | 139,087 |
| Borrowings, current | -26% | 15,610 | 21,107 | 18,387 | 18,382 | 13,204 | 12,704 |
| Total current financial liabilities | -17.9% | 23,930 | 29,130 | 26,500 | 26,616 | 20,214 | 20,425 |
| Provisions, current | -17.4% | 500 | 605 | 797 | 583 | 1,017 | 781 |
| Current tax liabilities | 16% | 190 | 164 | 159 | 0 | 0 | 35 |
| Total current liabilities | -16.4% | 28,014 | 33,505 | 29,888 | 29,806 | 23,557 | 24,374 |
| Total liabilities | 3.2% | 170,978 | 165,654 | 157,394 | 158,554 | 154,950 | 163,461 |
| Equity share capital | 0% | 9,301 | 9,301 | 9,301 | 9,301 | 9,301 | 6,975 |
| Total equity | 6.8% | 98,497 | 92,216 | 91,391 | 86,867 | 86,701 | 82,833 |
| Total equity and liabilities | 4.5% | 269,475 | 257,870 | 248,785 | 245,421 | 241,651 | 246,294 |
| -8.1% |
| 2,986 |
| 3,248 |
| 2,797 |
| 3,709 |
| - |
| - |
| Net Cashflows From Operating Activities | -9.9% | 31,357 | 34,790 | 35,268 | 24,640 | - | - |
| Proceeds from sales of PPE | - | 23 | 0 | 0 | 0 | - | - |
| Purchase of property, plant and equipment | -2.8% | 4,990 | 5,132 | 2,804 | 3,561 | - | - |
| Purchase of investment property | - | 0.03 | 0 | 0 | 0 | - | - |
| Purchase of intangible assets | -60.2% | 152 | 380 | 261 | 84 | - | - |
| Proceeds from government grants | 614.1% | 4.65 | 0.29 | 0.35 | 131 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 0 | 0 | 0 | 1,229 | - | - |
| Dividends received | 32.7% | 1,377 | 1,038 | 672 | 664 | - | - |
| Interest received | 30.8% | 2,287 | 1,749 | 1,200 | 1,239 | - | - |
| Other inflows (outflows) of cash | 138% | 768 | -2,016.04 | 325 | 345 | - | - |
| Net Cashflows From Investing Activities | -71.5% | -17,896.81 | -10,433.54 | -4,315.83 | 2,189 | - | - |
| Proceeds from borrowings | 140% | 19,324 | 8,053 | 20,985 | 9,985 | - | - |
| Repayments of borrowings | 16.8% | 15,702 | 13,441 | 31,986 | 19,152 | - | - |
| Payments of lease liabilities | 39.2% | 8.31 | 6.25 | 8.82 | 8.14 | - | - |
| Dividends paid | -13% | 9,766 | 11,219 | 8,545 | 10,812 | - | - |
| Interest paid | -1.3% | 9,222 | 9,339 | 9,710 | 8,814 | - | - |
| Other inflows (outflows) of cash | 4269.6% | 3,016 | 70 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | 52.3% | -12,357.08 | -25,882.28 | -29,263.65 | -28,801.32 | - | - |
| Net change in cash and cash eq. | 172.2% | 1,103 | -1,525.69 | 1,689 | -1,972.58 | - | - |
Acquisition • 08 Oct 2025 Acquisition of Mandsaur I RE Transmission Limited by POWERGRID under TBCB route. |
Analysis of POWER GRID Corp OF INDIA's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Transmission | 93.7% | 11.8 kCr |
| Consultancy | 3.9% | 496.5 Cr |
| Telecom | 2.4% | 298.8 Cr |
| Total | 12.6 kCr |