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Power Grid Corporation of India Ltd

POWERGRID

Power Grid Corporation of India Ltd

POWERGRID
UtilitiesPower Transmission & Distribution
LargecapWith a market cap of ₹3,02,316 cr, stock is ranked 24
Moderate RiskStock is 2.25x as volatile as Nifty
332.251.19% (+3.90)
332.251.19% (+3.90)

Price Chart

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UtilitiesPower Transmission & Distribution
LargecapWith a market cap of ₹3,02,316 cr, stock is ranked 24
Moderate RiskStock is 2.25x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

UtilitiesPower Transmission & Distribution
LargecapWith a market cap of ₹3,02,316 cr, stock is ranked 24
Moderate RiskStock is 2.25x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
19.243.473.46%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
23.223.511.26%

Forecast & Ratings

Detailed Forecast 
63%
Analysts have suggested that investors can buy this stock

from 19 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Power Grid Corporation of India Limited is a transmission company engaged in the power transmission business with responsibility for planning, implementation, operation and maintenance of Inter-State Transmission System.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 5.13%, vs industry avg of 11.07%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 43.2% to 32.5%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 9.19%, vs industry avg of 12.93%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue21,315.0526,634.1334,029.2536,591.1540,938.7441,502.4046,341.9946,889.7547,000.7347,697.60
Raw Materialssubtract—————————6,577.06
Power & Fuel Costsubtract161.29228.02244.12266.13287.04268.70297.82311.28327.29
Employee Costsubtract1,503.191,911.602,150.292,300.542,448.572,598.442,637.052,767.472,697.00
Selling & Administrative Expensessubtract719.17655.18935.80965.851,046.63908.941,040.361,251.821,401.81
Operating & Other expensessubtract91.81456.53673.164,633.941,450.312,051.731,849.241,890.242,192.66
Depreciation/Amortizationsubtract6,181.827,722.259,230.9910,540.9511,607.0412,039.1912,871.6613,333.3813,095.2713,044.93
Interest & Other Itemssubtract5,086.236,203.557,324.148,736.579,509.008,134.698,036.229,633.948,772.758,854.32
Taxes & Other Itemssubtract1,612.932,006.275,266.75-886.353,530.753,464.252,785.572,281.882,940.793,509.77
EPS6.418.018.8210.7911.8912.9418.0916.5816.7416.89
DPS1.302.452.954.695.626.7511.0611.0611.2511.25
Payout ratio0.200.310.330.430.470.520.610.670.670.67

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2017

Annual report

PDF

Investor Presentation

May 30PDF
FY 2018

Annual report

PDF

Investor Presentation

May 30PDF
Feb 2PDF
Nov 3PDF
Aug 2PDF
FY 2020

Annual report

PDF

Investor Presentation

Jun 23PDF
Nov 11PDF
FY 2021

Annual report

PDF

Investor Presentation

Jun 18PDF
Aug 13PDF
FY 2022

Annual report

PDF

Investor Presentation

Feb 11PDF
 

Peers & Comparison

Comparing 3 stocks from 
UtilitiesPower Transmission & Distribution

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Power Grid Corporation of India Ltd19.413.473.46%
Tata Power Company Ltd36.803.550.47%
Torrent Power Ltd43.726.360.96%
Powergrid Infrastructure Investment Trust12.431.412.37%

Price Comparison

Compare POWERGRID with any stock or ETF
Compare POWERGRID with any stock or ETF
POWERGRID
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding51.34%12.26%4.64%28.26%3.50%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep33.14%32.01%30.51%29.83%28.73%28.26%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Power Grid Corporation of India Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Parag Parikh Flexi Cap Fund - Growth - Direct Plan

Growth
1.9181%7.08%0.22%3/91 (0)
ICICI Prudential Bluechip Fund - Growth - Direct Plan

Growth
0.2660%1.26%0.12%16/90 (+4)
HDFC Flexi Cap Fund - Growth - Direct Plan

Growth
0.2653%1.24%-0.24%20/60 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Power Grid Corporation of India Ltd

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

POWERGRID has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 3.46%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹34.61 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateNov 14, 2024

Interim 1
Interim 1 | Div/Share: ₹4.50

Dividend/Share

₹4.50

Ex DateEx Date

Nov 14, 2024

Cash Dividend

Ex DateEx DateAug 16, 2024

Final
Final | Div/Share: ₹2.75

Dividend/Share

₹2.75

Ex DateEx Date

Aug 16, 2024

Cash Dividend

Ex DateEx DateFeb 15, 2024

Interim 2
Interim 2 | Div/Share: ₹4.50

Dividend/Share

₹4.50

Ex DateEx Date

Feb 15, 2024

Cash Dividend

Ex DateEx DateNov 16, 2023

Interim
Interim | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Nov 16, 2023

Cash Dividend

Ex DateEx DateAug 8, 2023

Final
Final | Div/Share: ₹4.75

Dividend/Share

₹4.75

Ex DateEx Date

Aug 8, 2023

News & Opinions
Corporate
Power Grid Corporation of India announces change in senior management

Power Grid Corporation of India announced that following officials of POWERGRID have been promoted as Executive Director (ED) (i.e. Senior Management Personnel - One level below the Board of Directors) w.e.f. 02 December 2024: 1. Rajesh Wadhwa 2. Rajesh Gupta 3. A SensarmaPowered by Capital Market - Live

3 days agoCapital Market - Live
Spotlight
Power Grid bags transmission project from Rajasthan REZ

The project comprises the establishment of a 765/400 kV substation near Ghiror in Mainpuri, Uttar Pradesh, along with 765 kV and 400 kV transmission lines, and augmentation and bay extension works at existing and under-construction substations in the States of Rajasthan & Uttar Pradesh. The award has been granted under tariff-based competitive bidding (TBCB) and will be executed on a build, own, operate, and transfer (BOOT) basis. The Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under the Ministry of Power, GoI. As of 30 September 2024, the Government of India owned a 51.34% stake in the company. The company reported a 1.85% rise in consolidated net profit to Rs 3,793.02 crore in Q2 FY25 as against Rs 3,723.92 crore posted in Q1 FY25. Revenue from operations added 2.46% to Rs 11,277.76 crore in Q2 FY25 as against Rs 11,006.18 crore posted in Q1 FY25. Shares of Power Grid Corporation of India rose 0.12% to Rs 343.25 on the BSE.Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Power Grid Corporation of India Ltd up for third consecutive session

Power Grid Corporation of India Ltd is up for a third straight session today. The stock is quoting at Rs 332.35, up 1.98% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.05, up 1.27%. Power Grid Corporation of India Ltd has gained around 4.88% in last one month. Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has gained around 8.7% in last one month and is currently quoting at 35789.3, up 1.56% on the day. The volume in the stock stood at 156.28 lakh shares today, compared to the daily average of 125.45 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 331.95, up 2.01% on the day. Power Grid Corporation of India Ltd is up 57.59% in last one year as compared to a 19.6% jump in NIFTY and a 27.11% jump in the Nifty Energy index.The PE of the stock is 19.9 based on TTM earnings ending September 24.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Power Grid Corporation of India announces cessation of directors

Power Grid Corporation of India announced the cessation of Chetan Bansilal Kankariya (DIN: 09402860) and Ram Naresh Tiwari (DIN: 09405377), the Independent Directors of the company with effect from 14 November 2024. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Power Grid Corp's Q2 PAT rises 2% QoQ to Rs 3,794 cr

Revenue from operations added 2.46% to Rs 11,277.76 crore in Q2 FY25 as against Rs 11,006.18 crore posted in Q1 FY25. On year on year basis, the company in Q2 FY25 recorded marginally higher net profit as compared to Rs 3,793.02 crore in Q2 FY24. Revenue rose 0.09% YoY in Q2 FY25 from Rs 11,267.07 crore posted in Q2 FY24. Profit before tax was at Rs 4,431.73 crore in the second quarter of FY25, down 1.84% as against Rs 4,515.15 crore posted in Q2 FY24. Total expenses ralllied 4.76% year on year to Rs 7,309.59 crore in the quarter ended 30 September 2024. Employee benefit expenses stood at Rs 620.94 crore (up 6.71% YoY) and finance cost stood at Rs 2441.09 crore (up 4.26% YoY) during the period under review. On half year basis, the company's net profit rose 1.87% to Rs 7,516.94 crore on 0.14% decrease in revenue from operations to Rs 22,283.94 crore in H1 FY25 over H1 FY24. Meanwhile, The company's board declared a first interim dividend of Rs 4.50 per share for financial year 2024-25 and has set the record date on 14 November 2024. Further, the board also approved the proposal to sell, assign and transfer 26% residual equity shareholding in four associate companies, Powergrid Kala Amb Transmission, Powergrid Parli Transmission, Powergrid Warora Transmission and Powergrid Jabalpur Transmission to Powergrid Infrastructure Investment Trust (PGInvIT). Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under Ministry of Power, GoI. As of 30 September 2024, the Government of India owned a 51.34% stake in the company. The scrip rose 0.55% to end at Rs 318.45 on Wednesday, 6 November 2024.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Earnings
Power Grid Corporation of India consolidated net profit rises 0.31% in the September 2024 quarter

Net profit of Power Grid Corporation of India rose 0.31% to Rs 3793.02 crore in the quarter ended September 2024 as against Rs 3781.42 crore during the previous quarter ended September 2023. Sales rose 0.09% to Rs 11277.76 crore in the quarter ended September 2024 as against Rs 11267.07 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11277.7611267.07 0 OPM %85.0986.18 - PBDT7969.567632.12 4 PBT4677.504355.08 7 NP3793.023781.42 0 Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Power Grid board approves transfer of four transmission projects to PGInvIT

The Board of Power Grid Corporation of India at its meeting held on 06 November 2024 has approved the proposal to sell, assign, transfer 26% residual equity shareholding in four associate companies viz. POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission, held by the Company to POWERGRID Infrastructure Investment Trust (PGInvIT). Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Power Grid fixes record date for 1st interim dividend

Power Grid Corporation of India has fixed 14 November 2024 as record date for first interim dividend of Rs 4.50 per share for FY 2024-25. The dividend will be paid on 04 December 2024. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Board of Power Grid Corporation of India recommends first interim dividend

Power Grid Corporation of India announced that the Board of Directors of the Company at its meeting held on 6 November 2024, inter alia, have recommended the first interim dividend of Rs 4.5 per equity Share (i.e. 45%) , subject to the approval of the shareholders.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Power Grid Corporation of India Director ceases

Shri Purshottam Agarwal, the Executive Director of Power Grid Corporation of India has ceased to be ED upon attaining the age of superannuation with effect from 31 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live