Power Grid Corporation of India Limited POWERGRID NIFTY50NSEAIINFRAPSU

Utilities · Utilities - Regulated Electric · India

https://www.powergrid.in

Power Grid Corporation of India Limited, an electric power transmission utility, engages in the power transmission business in India and internationally. It operates in three segments: Transmission Services, Telecom Services, and Consultancy Services. As of 31 March 2025, the company owned and operated 180,195 circuit kilometers of transmission lines, and 282 substations with an aggregate transformation capacity of 551,961 mega volt amperes. It also provides telecom services that offer overhead optic fiber network services using optical ground wire on power transmission lines under the POWERTEL brand name, as well as lease lines, MPLS-VPN, data, infrastructure, and international long-distance services. In addition, it provides consultancy services to the transmission, distribution, and telecom sectors on system planning and feasibility studies; environmental and social studies; design and engineering; contract/procurement services; project management and construction supervision; capacity building; operation and maintenance; asset management; owners' and lenders' engineer services to utilities and funding institutions; preparation of grid code, tariff mechanisms, and market analysis; legal and technical advisory in power transmission; power system studies/DPR preparation; smart grid and EV charging; load despatch and communication; sub-transmission/distribution/rural electrification services; testing and quality assurance and inspection; energy efficiency; and preventive vigilance, as well as human resource development. Further, it operates electric vehicle charging stations; and engages in solar power generation, green hydrogen production, smart metering, and data centers. The company was formerly known as National Power Transmission Corporation Limited and changed its name to Power Grid Corporation of India Limited in October 1992. Power Grid Corporation of India Limited was incorporated in 1989 and is based in Gurugram, India.

Market & Price

Market Cap

₹2.70 L Cr

Current Price

₹290.55

High / Low (52W)

₹320.90 / ₹251.23

Beta

0.24

Valuation

Stock P/E

14.45

Industry PE

25.70

Forward P/E

14.59

PEG Ratio

Book Value

₹108.09

Price to Book

2.69

P/S

5.78

EV/EBITDA

10.87

Dividend Yield

4.22%

Profitability & Returns

ROCE

10.70%

ROE

16.49%

ROA

5.56%

Profit Margin

34.08%

Op Margin

49.47%

EPS (Latest Qtr)

₹4.89

EPS (TTM)

₹20.11

Balance Sheet & Liquidity

Debt/Equity

1.51

Quick Ratio

0.39

Current Ratio

0.62

Debt

₹1.52 L Cr

Total Assets

₹2.95 L Cr

Current Assets

₹33,614.27 Cr

Working Capital

₹-20,184.08 Cr

Ownership

Promoter Holding

52.61%

Chg in Prom Hold

FII / Inst Holding

36.41%

Chg in FII Hold

-0.04%

Financial Snapshot

Enterprise Value

₹4.13 L Cr

Total Revenue (TTM)

₹46,732.87 Cr

EBITDA

₹37,979.09 Cr

Free Cash Flow

₹-8,342.27 Cr

Operating Cash Flow

₹40,930.58 Cr

Shares Outstanding

₹930.06 Cr

Gross Margin

100.00%

Payout Ratio

44.75%

Growth (CAGR)

Revenue 5Y

2.02%

Profit 5Y

1.09%

Revenue (YoY)

-5.00%

Earnings (YoY)

9.60%

PROS

Excellent profit margin of 34.1%.
Attractive dividend yield of 4.22%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Utilities).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	POWERGRID Power Grid Corporation of India Limited NIFTY50NSEAIINFRAPSU	290.55	14.45	₹2.70 L Cr	4.22%	10.70%	16.49%	2.02%	1.09%
2	ADANIPOWER Adani Power Limited NSEINFRA	243.37	36.76	₹4.69 L Cr	-	15.47%	20.91%	12.57%	6.16%
3	NTPC NTPC Limited NIFTY50NSEINFRAPSU	386.90	12.71	₹3.75 L Cr	2.93%	9.27%	13.69%	2.49%	16.95%
4	ADANIGREEN Adani Green Energy Limited NSEINFRA	1,475.40	153.85	₹2.43 L Cr	-	6.51%	7.58%	18.47%	19.26%
5	ADANIENSOL Adani Energy Solutions Limited NSEINFRA	1,513.30	81.32	₹1.82 L Cr	-	8.72%	9.66%	28.29%	22.02%
6	ENRIN Siemens Energy India Limited NSEINFRA	3,872.10	105.28	₹1.38 L Cr	0.10%	29.23%	-	63.51%	83.35%
7	TATAPOWER Tata Power Company Limited NSEAIINFRA	420.75	35.96	₹1.34 L Cr	0.59%	8.76%	11.34%	4.88%	3.95%
8	JSWENERGY JSW Energy Limited NIFTY_MIDNSEINFRA	595.05	46.74	₹1.09 L Cr	0.34%	7.51%	8.82%	24.01%	14.86%
9	GAIL GAIL (India) Limited NSEINFRAPSU	164.51	14.27	₹1.08 L Cr	7.60%	9.12%	8.69%	-0.86%	10.53%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	11,233.03 Cr	12,275.35 Cr	11,196.22 Cr	12,395.09 Cr	11,665.61 Cr
Cost of Revenue	-	-	-	-	-
Gross Profit	-	-	-	-	-
Operating Expenses	4,911.24 Cr	5,247.26 Cr	5,179.95 Cr	5,123.57 Cr	5,894.63 Cr
Operating Income	6,321.79 Cr	7,028.09 Cr	6,016.27 Cr	7,271.52 Cr	5,770.98 Cr
EBITDA	10,042.92 Cr	10,509.47 Cr	9,350.50 Cr	10,810.75 Cr	9,387.68 Cr
Interest Expense	1,917.41 Cr	2,302.66 Cr	1,934.28 Cr	2,190.50 Cr	2,174.73 Cr
Pretax Income	4,909.32 Cr	5,011.30 Cr	4,285.75 Cr	5,238.79 Cr	3,918.32 Cr
Tax Provision	1,090.16 Cr	918.82 Cr	867.99 Cr	1,312.45 Cr	-4,391.11 Cr
Net Income	3,861.63 Cr	4,142.87 Cr	3,630.58 Cr	4,184.96 Cr	4,546.33 Cr
Diluted EPS	4.15	4.40	3.90	4.50	4.89

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	44,005.22 Cr	44,202.75 Cr	45,792.32 Cr	46,732.87 Cr
Cost of Revenue	1,317.44 Cr	1,325.88 Cr	1,497.16 Cr	1,617.13 Cr	-
Gross Profit	39,472.55 Cr	42,679.34 Cr	42,705.59 Cr	42,455.79 Cr	-
Operating Expenses	-	17,158.68 Cr	16,671.99 Cr	19,631.10 Cr	21,783.48 Cr
Operating Income	-	25,520.66 Cr	26,033.60 Cr	26,161.22 Cr	24,949.39 Cr
EBITDA	-	39,250.10 Cr	41,125.59 Cr	40,622.17 Cr	38,798.31 Cr
Interest Expense	-	8,463.67 Cr	8,944.98 Cr	8,700.13 Cr	8,447.58 Cr
Pretax Income	-	17,453.05 Cr	19,085.34 Cr	19,017.89 Cr	17,321.03 Cr
Tax Provision	-	2,281.88 Cr	2,940.79 Cr	3,772.76 Cr	-1,381.31 Cr
Net Income	-	15,419.74 Cr	15,573.16 Cr	15,521.44 Cr	15,927.95 Cr
Diluted EPS	18.09	16.58	16.74	16.39	-

Compounded Sales Growth

5 Years:	2.02%
1 Year:	-5.00%

Compounded Profit Growth

5 Years:	1.09%
1 Year:	9.60%

Stock Price Performance

1 Year:	+2.37%
6 Months:	+7.45%
3 Months:	-4.68%
1 Month:	-8.73%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	2.52 L Cr	2.51 L Cr	2.66 L Cr	2.95 L Cr
Current Assets	-	25,394.02 Cr	26,674.65 Cr	29,499.28 Cr	33,614.27 Cr
Cash & Equivalents	-	5,192.17 Cr	2,691.15 Cr	3,137.92 Cr	5,280.62 Cr
Inventory	-	1,339.95 Cr	1,406.29 Cr	1,802.52 Cr	2,126.35 Cr
Receivables	-	14,883.96 Cr	11,539.63 Cr	7,964.75 Cr	11,672.59 Cr
Total Liabilities	-	1.69 L Cr	1.64 L Cr	1.73 L Cr	1.94 L Cr
Current Liabilities	-	30,971.09 Cr	35,820.32 Cr	40,605.53 Cr	53,798.35 Cr
Long Term Debt	-	1.14 L Cr	1.09 L Cr	1.13 L Cr	1.21 L Cr
Total Debt	-	1.29 L Cr	1.27 L Cr	1.35 L Cr	1.48 L Cr
Total Equity	-	83,026.29 Cr	87,145.11 Cr	92,662.81 Cr	1.00 L Cr
Shares Outstanding	-	930.06 Cr	930.06 Cr	930.06 Cr	930.06 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	40,202.87 Cr	37,289.50 Cr	36,221.82 Cr	40,930.58 Cr
Investing Cash Flow	-	-7,138.25 Cr	-13,114.39 Cr	-23,531.80 Cr	-35,305.46 Cr
Financing Cash Flow	-	-30,449.56 Cr	-25,903.33 Cr	-12,357.18 Cr	-4,006.26 Cr
Capital Expenditure	-	-8,242.63 Cr	-11,409.68 Cr	-24,134.04 Cr	-37,279.11 Cr
Free Cash Flow	-	31,960.24 Cr	25,879.82 Cr	12,087.78 Cr	3,651.47 Cr
Net Change in Cash	-	2,615.06 Cr	-1,728.22 Cr	332.84 Cr	1,618.86 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	97.0%	96.6%	92.7%	-
Operating Margin %	-	58.0%	58.9%	57.1%	53.4%
Net Margin %	-	35.0%	35.2%	33.9%	34.1%
ROE %	-	18.6%	17.9%	16.8%	15.8%
ROCE %	-	11.5%	12.1%	11.6%	10.4%

Shareholding Pattern

Insiders

52.61%

Institutions

36.41%

Public Float

76.84%

Analyst View

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POWERGRID · Utilities