Power Grid Corporation of India Ltd
POWERGRIDPower Grid Corporation of India Ltd
POWERGRIDPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
20.82 | 3.75 | 3.20% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
25.88 | 3.93 | 1.10% |
Forecast & Ratings
Detailed Forecast from 19 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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.
Peers
Compare with peersÂTata Power Company Ltd
Torrent Power Ltd
Powergrid Infrastructure Investment Trust
India Grid Trust
Jyoti Structures Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 21,315.05 | 26,634.13 | 34,029.25 | 36,591.15 | 40,938.74 | 41,502.40 | 46,341.99 | 46,889.75 | 47,000.73 | 47,136.33 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 6,453.06 | ||||||||||
Power & Fuel Cost | 161.29 | 228.02 | 244.12 | 266.13 | 287.04 | 268.70 | 297.82 | 311.28 | 327.29 | |||||||||||
Employee Cost | 1,503.19 | 1,911.60 | 2,150.29 | 2,300.54 | 2,448.57 | 2,598.44 | 2,637.05 | 2,767.47 | 2,697.00 | |||||||||||
Selling & Administrative Expenses | 719.17 | 655.18 | 935.80 | 965.85 | 1,046.63 | 908.94 | 1,040.36 | 1,251.82 | 1,401.81 | |||||||||||
Operating & Other expenses | 91.81 | 456.53 | 673.16 | 4,633.94 | 1,450.31 | 2,051.73 | 1,849.24 | 1,890.24 | 2,192.66 | |||||||||||
EBITDA | 18,839.59 | 23,382.80 | 30,025.88 | 28,424.69 | 35,706.19 | 35,674.59 | 40,517.52 | 40,668.94 | 40,381.97 | 40,683.27 | ||||||||||
Depreciation/Amortization | 6,181.82 | 7,722.25 | 9,230.99 | 10,540.95 | 11,607.04 | 12,039.19 | 12,871.66 | 13,333.38 | 13,095.27 | 13,029.91 | ||||||||||
PBIT | 12,657.77 | 15,660.55 | 20,794.89 | 17,883.74 | 24,099.15 | 23,635.40 | 27,645.86 | 27,335.56 | 27,286.70 | 27,653.36 | ||||||||||
Interest & Other Items | 5,086.23 | 6,203.55 | 7,324.14 | 8,736.57 | 9,509.00 | 8,134.69 | 8,036.22 | 9,633.94 | 8,772.75 | 8,754.49 | ||||||||||
PBT | 7,571.54 | 9,457.00 | 13,470.75 | 9,147.17 | 14,590.15 | 15,500.71 | 19,609.64 | 17,701.62 | 18,513.95 | 18,898.87 | ||||||||||
Taxes & Other Items | 1,612.93 | 2,006.27 | 5,266.75 | -886.35 | 3,530.75 | 3,464.25 | 2,785.57 | 2,281.88 | 2,940.79 | 3,198.95 | ||||||||||
Net Income | 5,958.61 | 7,450.73 | 8,204.00 | 10,033.52 | 11,059.40 | 12,036.46 | 16,824.07 | 15,419.74 | 15,573.16 | 15,699.92 | ||||||||||
EPS | 6.41 | 8.01 | 8.82 | 10.79 | 11.89 | 12.94 | 18.09 | 16.58 | 16.74 | 16.88 | ||||||||||
DPS | 1.30 | 2.45 | 2.95 | 4.69 | 5.62 | 6.75 | 11.06 | 11.06 | 11.25 | 12.06 | ||||||||||
Payout ratio | 0.20 | 0.31 | 0.33 | 0.43 | 0.47 | 0.52 | 0.61 | 0.67 | 0.67 | 0.71 |
Company Updates
Investor Presentation
Investor Presentation
Investor Presentation
Annual report
PDFAnnual report
PDFPeers & Comparison
UtilitiesPower Transmission & Distribution
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Power Grid Corporation of India Ltd | 20.99 | 3.75 | 3.20% |
Tata Power Company Ltd | 41.68 | 4.02 | 0.42% |
Torrent Power Ltd | 48.89 | 7.12 | 0.86% |
Powergrid Infrastructure Investment Trust | 12.43 | 1.41 | 2.37% |
Price Comparison
Compare POWERGRID with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.10%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Parag Parikh Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.6185% | Percentage of the fund’s portfolio invested in the stock 6.74% | Change in the portfolio weight of the stock over the last 3 months 0.46% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/96 (0) |
HDFC Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2581% | Percentage of the fund’s portfolio invested in the stock 1.33% | Change in the portfolio weight of the stock over the last 3 months -0.13% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 23/55 (-3) |
ICICI Prudential Bluechip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2133% | Percentage of the fund’s portfolio invested in the stock 1.09% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 22/82 (-1) |
Compare 3-month MF holding change on Screener
smallcases
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Events
Dividend Trend
No Dividend Cuts
POWERGRID has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 3.20%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹32.01 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 16, 2024
Dividend/Share
₹2.75
Ex DateEx Date
Aug 16, 2024
Cash Dividend
Ex DateEx DateFeb 15, 2024
Dividend/Share
₹4.50
Ex DateEx Date
Feb 15, 2024
Cash Dividend
Ex DateEx DateNov 16, 2023
Dividend/Share
₹4.00
Ex DateEx Date
Nov 16, 2023
Cash Dividend
Ex DateEx DateAug 8, 2023
Dividend/Share
₹4.75
Ex DateEx Date
Aug 8, 2023
Cash Dividend
Ex DateEx DateFeb 8, 2023
Dividend/Share
₹5.00
Ex DateEx Date
Feb 8, 2023
The key equity indices traded with small losses in afternoon trade. The Nifty slipped below the 25,950 level. Media, realty and financial services shares advanced while IT, PSU bank and auto shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex was down 29.97 points or 0.03% to 84,875.39. The Nifty 50 index fell 24.40 points or 0.11% to 25,911.95. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.72% and the S&P BSE Small-Cap index shed 0.47%. The market breadth was negative. On the BSE, 1,526 shares rose and 2,370 shares fell. A total of 103 shares were unchanged. Economy: Moody's has revised its calendar year 2024 growth forecast for India to 7.1% from its earlier estimates of 6.8% in June, as it expects growth in the Asia-Pacific region to outpace the global economy. Gainers & Losers: Power Grid Corporation of India (up 2.34%), Axis Bank (up 1.29%), NTPC (up 1.11%), Grasim Industries (up 1.11%) and HDFC Bank (up 0.73%) were major Nifty gainers. LTIMindtree (down 3.87%), Tech Mahindra (down 2.66%), Tata Consumer Products (down 2.21%), Tata Motors (down 1.71%) and Titan Company (down 1.47%) were major Nifty losers. Stocks in Spotlight: Delta Corp rallied 4.26% after the company's board approved demerger of its hospitality and real estate business into a newly incorporated company named as Delta Penland (DPPL). According to the scheme of arrangement, each Delta Corp shareholder will receive 1 share of Delta Penland for every 1 share held in Delta Corp and the shares of new entity will be listed on both stock exchanges, NSE and BSE. Mazagon Dock Shipbuilders (MDL) advanced 1.33% after the company announced the commencement of production activity for the first multipurpose cargo vessel (MPV) for Denmark's Navi Merchants. Gillette India declined 2.86% after the company's distributor notified that Procter & Gamble (P&G) Bangladesh terminated the distribution agreement with effect from 31 December 2024. Mahindra Holidays & Resorts India rose 0.67%. The company said that its flagship brand Club Mahindra, has assumed the complete management of the Club Mahindra Golden Landmark resort in Mysuru, Karnataka. Ecos (India) Mobility & Hospitality slipped 2.74% after the company reported standalone net profit of Rs 13.50 crore in Q1 FY25, marking a de-growth of 2.87% as compared with the PAT of Rs 13.90 crore recorded in Q1 FY24. Revenue from operations increased by 14.01% to Rs 148.90 crore in Q1 FY25 from Rs 130.60 crore posted in Q1 FY24. Snowman Logistics slipped 3.69% after the company said that its Chief Executive Officer (CEO), Sunil Prabhakaran Nair has resigned with effect from the close of business hours of 30 November 2024, due to his personal reasons. Global Markets: European stocks were traded lower on Wednesday as investors digested Chinese stimulus measures. Asian stocks traded mixed on Wednesday, buoyed by China's expansive stimulus package and a strengthening yuan. The rally, which began the previous day, was fueled by the People's Bank of China's announcement of measures aimed at supporting the economy and financial markets. In the United States, the S&P 500 (+0.25%) reached a new all-time high Tuesday, shrugging off concerns about weak consumer confidence. Nvidia's shares surged 4% following news that CEO Jensen Huang had completed his stock sales. The Dow Jones Industrial Average (+0.20%) and Nasdaq Composite (+0.56%) also recorded gains. US consumer confidence suffered its biggest one-month decline in more than three years, hitting 98.7 for September. The data follows a warning from JPMorgan Chase CEO Jamie Dimon about increasing geopolitical instability cast a shadow over the positive market sentiment. Dimon expressed concerns that these geopolitical tensions could impact the global economy.Powered by Capital Market - Live
The company has been declared as the successful bidder under Tariff based competitive bidding. The project comprises installation of STATCOMs at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3) along with associated bays extension work in the State of Gujarat. 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 June 2024, the Government of India owned a 51.34% stake in the company. The company reported 3.52% increase in consolidated net profit to Rs 3,723.92 crore in Q1 FY25 as compared with Rs 3,597.16 crore posted in corresponding quarter last year. Revenue from operations fell marginally to Rs 11,006.18 crore during the quarter as comapred with Rs 11,048.13 crore posted in corresponding quarter last year.Powered by Capital Market - Live
In a regulatory filing made after market hours yesterday, the company informed that it has been declared as the successful bidder for establishing a transmission system for evacuation of power from potential renewable energy zone in Khavda area of Gujarat. The project comprises establishment of new 765/400/220kV (GIS) sub-station at a suitable location near South of Olpad, 765kV & 400kV D/C Transmission Lines and associated bays extension works at other existing substation in the State of Gujarat. The winner was chosen post a tariff-based competitive bidding process. The letter of intent (LoI) has been received by Power Grid Corporation of India on 19 September 2024. 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 June 2024, the Government of India owned a 51.34% stake in the company. The company reported 3.52% increase in consolidated net profit to Rs 3,723.92 crore in Q1 FY25 as compared with Rs 3,597.16 crore posted in corresponding quarter last year. Revenue from operations fell marginally to Rs 11,006.18 crore during the quarter as comapred with Rs 11,048.13 crore posted in corresponding quarter last year. The scrip rose 0.37% to currently trade at Rs 336.15 on the BSE. Powered by Capital Market - Live
'Power Grid has been declared as the successful bidder under TBCB to establish inter-state transmission system for the project namely 'transmission system for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/ Barmer Complex): part H1' on build, own operate and transfer (BOOT) basis,' the company stated in the press release. The project comprises establishment of new 765/400/220kV sub-station at Kurawar, 765kV & 400kV D/C transmission lines and associated bays extension works at other existing substation in Madhya Pradesh. The power ' transmission firm also received letter of intent (LoI) for the same project on 18 September 2024. 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 June 2024, the Government of India owned a 51.34% stake in the company. The company reported 3.52% increase in consolidated net profit to Rs 3,723.92 crore in Q1 FY25 as compared with Rs 3,597.16 crore posted in corresponding quarter last year. Revenue from operations fell marginally to Rs 11,006.18 crore during the quarter as comapred with Rs 11,048.13 crore posted in corresponding quarter last year. Shares of Power Grid rose 0.45% to end at Rs 335.70 on the BSE. Powered by Capital Market - Live
'Power Grid Corporation of India has been declared as the successful bidder under tariff based competitive bidding to establish inter-state transmission system for augmentation of transformation capacity at Jam Khambhaliya PS (GIS) on build, own operate and transfer (BOOT) basis,' the company stated in the press release. The project comprises of augmentation of transformation capacity and associated bays extension works at existing substation in the state of Gujarat. 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 June 2024, the Government of India owned a 51.34% stake in the company. The company reported 3.52% increase in consolidated net profit to Rs 3,723.92 crore in Q1 FY25 as compared with Rs 3,597.16 crore posted in corresponding quarter last year. Revenue from operations fell marginally to Rs 11,006.18 crore during the quarter as comapred with Rs 11,048.13 crore posted in corresponding quarter last year. Shares of Power Grid Corporation of India added 0.80% to Rs 340.50 on the BSE. Powered by Capital Market - Live
Power Grid Corporation of India announced the cessation of Upendra Pande and Upananda Kataki as Executive Directors of the company with effect from 31 August 2024. Powered by Capital Market - Live
Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 30 August 2024 acquired Bhadla-III & Bikaner-III Transmission, the Project SPV to establish 'Transmission System Strengthening for interconnections of Bhadla-III & Bikaner-III Complex', on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting. The project comprises 765kV D/C Transmission Line interconnecting Bhadla-III & Bikaner-III substations and associated bays extension works at these substations in the state of Rajasthan. Powered by Capital Market - Live
Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 28 August 2024, acquired Bhadla-III Power Transmission, the Project SPV to establish 'Additional Transmission System for Evacuation of Power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)', on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator i.e. REC Power Development and Consultancy. The project comprises of augmentation of transformation capacity and associated bays extension works at existing Bhadla-III substation, Rajasthan. Powered by Capital Market - Live
Power Grid Corporation of India Share Price Today Live Updates: Power Grid Corporation of India Sees Slight Price Increase Today, Reports Strong 3-Month Returns of 12.19% - The Economic Times
Power Grid Corporation of India announced that the 25th Annual General Meeting (AGM) of the company will be held on 22 August 2024.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 5.13%, vs industry avg of 11.07%
Decreasing Market Share
Over the last 5 years, market share decreased from 43.2% to 32.53%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 9.19%, vs industry avg of 12.93%