High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Profitability: Very strong Profitability. One year profit margin are 33%.
Balance Sheet: Reasonably good balance sheet.
Size: It is among the top 200 market size companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 15.3% return compared to 6.5% by NIFTY 50.
Smart Money: Smart money has been increasing their position in the stock.
Dividend: Dividend paying stock. Dividend yield of 3.11%.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 2.69 LCr |
| Price/Earnings (Trailing) | 16.87 |
| Price/Sales (Trailing) | 5.64 |
| EV/EBITDA | 10.57 |
| Price/Free Cashflow | 73.61 |
| MarketCap/EBT | 15.4 |
| Enterprise Value | 4.12 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 47.68 kCr |
| Rev. Growth (Yr) | -4.9% |
| Earnings (TTM) | 15.93 kCr |
| Earnings Growth (Yr) | 9.7% |
Profitability | |
|---|---|
| Operating Margin | 37% |
| EBT Margin | 37% |
| Return on Equity | 15.85% |
| Return on Assets | 5.4% |
| Free Cashflow Yield | 1.36% |
Growth & Returns | |
|---|---|
| Price Change 1W | 1.9% |
| Price Change 1M | -0.60% |
| Price Change 6M | 13.7% |
| Price Change 1Y | -3.5% |
| 3Y Cumulative Return | 15.3% |
| 5Y Cumulative Return | 17.1% |
| 7Y Cumulative Return | 13.5% |
| 10Y Cumulative Return | 11.6% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -35.31 kCr |
| Cash Flow from Operations (TTM) | 40.93 kCr |
| Cash Flow from Financing (TTM) | -4.01 kCr |
| Cash & Equivalents | 5.28 kCr |
| Free Cash Flow (TTM) | 3.65 kCr |
| Free Cash Flow/Share (TTM) | 3.93 |
Balance Sheet | |
|---|---|
| Total Assets | 2.95 LCr |
| Total Liabilities | 1.94 LCr |
| Shareholder Equity | 1 LCr |
| Current Assets | 30.66 kCr |
| Current Liabilities | 51.2 kCr |
| Net PPE | 1.75 LCr |
| Inventory | 2.13 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.5 |
| Debt/Equity | 1.47 |
| Interest Coverage | 1.07 |
| Interest/Cashflow Ops | 5.85 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 9 |
| Dividend Yield | 3.11% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Profitability: Very strong Profitability. One year profit margin are 33%.
Balance Sheet: Reasonably good balance sheet.
Size: It is among the top 200 market size companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 15.3% return compared to 6.5% by NIFTY 50.
Smart Money: Smart money has been increasing their position in the stock.
Dividend: Dividend paying stock. Dividend yield of 3.11%.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 3.11% |
| Dividend/Share (TTM) | 9 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 17.13 |
Financial Health | |
|---|---|
| Current Ratio | 0.6 |
| Debt/Equity | 1.47 |
Technical Indicators | |
|---|---|
| RSI (14d) | 55.57 |
| RSI (5d) | 73 |
| RSI (21d) | 48.05 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
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.
The management outlook for Power Grid Corporation of India Limited (POWERGRID) highlights optimism regarding significant opportunities in the transmission sector, particularly driven by India's renewable energy ambitions and network expansion needs. The company aims to sustain long-term growth while continuing to deliver reliable returns.
Key forward-looking points provided by management include:
CapEx Guidance: For FY27, the initial CapEx guidance is set at Rs.37,000 crore, with expectations for FY28 to exceed Rs.40,000 crore, likely in the range of Rs.40,000 - Rs.45,000 crore.
Systems and Project Execution: POWERGRID has successfully added 4,765 circuit kilometers (ckm) and 72,055 MVA of transformation capacity in the previous financial year, with a commitment to continue this pace.
Project Pipeline: The company currently has Rs.1.7 lakh crore of works in hand and an additional Rs.1.1 lakh crore in bidding pipelines, with significant projects anticipated to emerge from states, enhancing growth potential.
Innovations and Technological Integration: Management plans to adopt advanced technologies including AI for asset management and monitoring, and intends to explore Battery Energy Storage Systems (BESS) as innovative solutions for enhanced efficiency.
Market Positioning: With 80% of work in hand being under tariff-based competitive bidding (TBCB), the management remains committed to achieving equity IRRs of 11-13%. Additionally, the market cap stands at Rs.2.75 lakh crore, reflecting the company's strong financial performance and robustness.
Overall Income Growth: The company's total income for FY26 was reported at Rs.47,684 crore, with expectations that upcoming projects and improved capitalization will yield better earnings growth in the next three years compared to the past.
These initiatives and projections illustrate POWERGRID's strategy to enhance its infrastructure and maintain leadership in India's power transmission sector amid increasing demands for sustainable energy solutions.
Question: Can you please explain the reason for EBITDA decline in Q4 FY26? Is it due to older assets completing 12 years of life? Are you booking everything on service concession accounting?
Answer: Yes, you're correct. The EBITDA decline is partly due to assets reaching 12 years, resulting in a dip in regulated tariffs for those projects. This decline is a natural transition. Regarding accounting, new projects are being booked under the service concession method, following the BOOT (Build-Own-Operate-Transfer) model.
Question: Can you provide capital expenditure targets for FY27, FY28, and FY29? Also, what are your commissioning expectations for these years?
Answer: For FY27, our initial guidance is Rs.37,000 crore. For FY28, we expect it to exceed Rs.40,000 crore, likely falling within the Rs.40,000-45,000 crore range. As for commissioning timelines, we'll provide clearer expectations as we move through the year.
Question: Can you shed light on your Battery Energy Storage System (BESS) strategy and how you intend to grow this part of your portfolio?
Answer: Our BESS strategy involves participating in government tenders, which have emerged due to VGF (Viability Gap Funding). We're also exploring opportunities under Sections 61 and 62 of the tariff regulations, enabling us to develop integrated storage systems. We've already begun actions in this area and see positive momentum.
Question: Could you comment on the challenges around right-of-way (ROW) and how recent amendments are aiding improvement in this area?
Answer: ROW is a persistent challenge in transmission projects. Recent amendments allowing market-rate determinations for compensation have improved this situation. Valuers are now assigned to establish fair compensation rates, which should ease land acquisition issues significantly.
Question: How do you see the competitive intensity for TBCB projects evolving, and will you expect similar success rates in future bids?
Answer: The competitive landscape for TBCB projects has intensified, but we continue to focus on project risk-return frameworks. While market dynamics may change, we believe our experience will help us maintain a strong success rate in upcoming bids.
Question: What is the variance you see between gross block and NCT cost on projects? Also, how do you view the timeline and risk for your bidding pipeline?
Answer: The variance between the gross block and NCT cost can vary by project, but we ensure all costs are well factored and can be claimed under provisions if unexpected issues arise. As for the bidding pipeline, while timelines can shift due to various factors, we remain optimistic about project completions.
Question: Would you say the annual CapEx could increase to Rs.50,000 crore and beyond as opportunities grow?
Answer: It's feasible that annual CapEx could rise to Rs.50,000-60,000 crore as generation and load centers expand. Transmission must follow this growth to meet demand, and we expect to see upward trends in CapEx based on evolving requirements.
Question: Given the rise in supply chain issues, do you see costs exceeding the earlier projected IRR of 11% to 13% for TBCB projects?
Answer: While costs have risen due to inflation and supply chain issues, we've accounted for these in our bidding. The provisions in our agreements allow us to claim for unanticipated costs, aiming to protect stakeholder returns and potentially yield better IRRs than initially expected.
Analysis of POWER GRID Corp OF INDIA's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Jun 30, 2026
| Description | Share | Value |
|---|---|---|
| Transmission | 93.4% | 10.9 kCr |
| Consultancy | 4.4% | 518.7 Cr |
| Telecom | 2.2% | 251.8 Cr |
| Total | 11.7 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 % |
|---|---|
| PRESIDENT OF INDIA | 49.4% |
| LIFE INSURANCE CORPORATION OF INDIA - ULIF00420091 | 4.52% |
| PARAG PARIKH ARBITRAGE FUND | 3.56% |
| SBI ARBITRAGE OPPORTUNITIES FUND | 2.13% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA CON | 1.87% |
| HDFC MUTUAL FUND - HDFC BSE 500 ETF | 1.76% |
| GOVERNMENT OF SINGAPORE | 1.76% |
| NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME CENT | 1.54% |
| ICICI PRUDENTIAL ESG EXCLUSIONARY STRATEGY FUND | 1.34% |
| UTI NIFTY 50 INDEX FUND | 1.09% |
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 | 3.37 LCr | 1.93 LCr | -2.70% | +2.50% | 12.13 | 1.74 | - | - |
| ADANIGREEN | Adani Green Energy | 2.3 LCr | 14.48 kCr | -8.50% | +36.80% | 133.7 | 15.88 | - | - |
| TATAPOWER | Tata Power Co. | 1.2 LCr | 64.17 kCr | -4.50% | -6.30% | 32.04 | 1.87 | - | - |
| NHPC | NHPC | 79.75 kCr | 12.69 kCr | +0.10% | -7.50% | 21.17 | 6.29 | - | - |
| TORNTPOWER | TORRENT POWER | 72.26 kCr | 29.29 kCr | -0.70% | +5.70% | 29.91 | 2.47 | - | - |
| SJVN | SJVN | 26.6 kCr | 4.72 kCr | -7.20% | -31.50% | 41.52 | 5.63 | - | - |
Comprehensive comparison against sector averages
POWERGRID metrics compared to Power
| Category | POWERGRID | Power |
|---|---|---|
| PE | 16.87 | 19.95 |
| PS | 5.64 | 3.17 |
| Growth | 0.5 % | 3.1 % |
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 - 2026)