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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 ₹3,26,830 cr, stock is ranked 26
Moderate RiskStock is 2.21x as volatile as Nifty
338.851.54% (-5.30)
338.851.54% (-5.30)

Price Chart

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UtilitiesPower Transmission & Distribution
LargecapWith a market cap of ₹3,26,830 cr, stock is ranked 26
Moderate RiskStock is 2.21x 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 ₹3,26,830 cr, stock is ranked 26
Moderate RiskStock is 2.21x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
20.823.753.20%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
25.883.931.10%

Forecast & Ratings

Detailed Forecast 
58%
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 32.53%

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 Revenue21,315.0526,634.1334,029.2536,591.1540,938.7441,502.4046,341.9946,889.7547,000.7347,136.33
Raw Materialssubtract—————————6,453.06
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/Amortizationsubtract6,181.827,722.259,230.9910,540.9511,607.0412,039.1912,871.6613,333.3813,095.2713,029.91
Interest & Other Itemssubtract5,086.236,203.557,324.148,736.579,509.008,134.698,036.229,633.948,772.758,754.49
Taxes & Other Itemssubtract1,612.932,006.275,266.75-886.353,530.753,464.252,785.572,281.882,940.793,198.95
EPS6.418.018.8210.7911.8912.9418.0916.5816.7416.88
DPS1.302.452.954.695.626.7511.0611.0611.2512.06
Payout ratio0.200.310.330.430.470.520.610.670.670.71

Company Updates

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

Annual Report Unavailable

Investor Presentation

May 30PDF
FY 2018

Annual Report Unavailable

Investor Presentation

May 30PDF
Feb 2PDF
Nov 3PDF
Aug 2PDF
FY 2019

Annual Report Unavailable

FY 2020

Annual Report Unavailable

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 Ltd20.993.753.20%
Tata Power Company Ltd41.684.020.42%
Torrent Power Ltd48.897.120.86%
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

Decreased 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 decreased by 1.10%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding51.34%11.61%4.71%28.73%3.61%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun32.29%33.14%32.01%30.51%29.83%28.73%

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
1.6185%6.74%0.46%3/96 (0)
HDFC Flexi Cap Fund - Growth - Direct Plan

Growth
0.2581%1.33%-0.13%23/55 (-3)
ICICI Prudential Bluechip Fund - Growth - Direct Plan

Growth
0.2133%1.09%-0.04%22/82 (-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 3.20%. 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

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

Cash Dividend

Ex DateEx DateFeb 8, 2023

Interim 2
Interim 2 | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Feb 8, 2023

News & Opinions
Live Market Update
Indices trade lower; European mkt opens lower

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

1 week agoCapital Market - Live
Spotlight
Power Grid gains on bagging inter-state transmission project in Gujarat

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

1 week agoCapital Market - Live
Spotlight
Power Grid Corp declared as successful bidder for establishing transmission system in Gujarat

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

2 weeks agoCapital Market - Live
Spotlight
Power Grid bags transmission project in MP

'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

2 weeks agoCapital Market - Live
Spotlight
Power Grid bags transmission project in Gujarat

'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

3 weeks agoCapital Market - Live
Corporate
Power Grid announces cessation of two executive directors

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

1 month agoCapital Market - Live
Corporate
Power Grid acquires Bhadla-III & Bikaner-III Transmission under TBCB route

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

1 month agoCapital Market - Live
Corporate
Power Grid acquires Bhadla-III Power Transmission

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

1 month agoCapital 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

1 month agoEconomic Times
Corporate
Power Grid Corporation of India to convene AGM

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

2 months agoCapital Market - Live