Power Grid Corporation of India Ltd
POWERGRIDPower Grid Corporation of India Ltd
POWERGRID
Price 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 |
|---|---|---|
| 18.65 | 3.36 | 3.57% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 21.55 | 3.27 | 1.36% |
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 peersTata 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 | 47,697.60 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 6,577.06 | ||||||||||
| 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 | 41,120.54 | ||||||||||
| 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 | 13,044.93 | ||||||||||
| 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 | 28,075.61 | ||||||||||
| 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 | 8,854.32 | ||||||||||
| 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 | 19,221.29 | ||||||||||
| 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 | 3,509.77 | ||||||||||
| 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 | 15,711.52 | ||||||||||
| EPS | 6.41 | 8.01 | 8.82 | 10.79 | 11.89 | 12.94 | 18.09 | 16.58 | 16.74 | 16.89 | ||||||||||
| DPS | 1.30 | 2.45 | 2.95 | 4.69 | 5.62 | 6.75 | 11.06 | 11.06 | 11.25 | 11.25 | ||||||||||
| Payout ratio | 0.20 | 0.31 | 0.33 | 0.43 | 0.47 | 0.52 | 0.61 | 0.67 | 0.67 | 0.67 |
Company Updates
Investor Presentation
Investor Presentation
Investor Presentation
Annual report
PDFAnnual report
PDFPeers & Comparison
UtilitiesPower Transmission & Distribution
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Power Grid Corporation of India Ltd | 18.81 | 3.36 | 3.57% |
| Tata Power Company Ltd | 35.28 | 3.40 | 0.49% |
| Torrent Power Ltd | 41.48 | 6.04 | 1.01% |
| 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
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 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 1.9790% | Percentage of the fund’s portfolio invested in the stock 7.08% | Change in the portfolio weight of the stock over the last 3 months 0.22% | 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 3/91 (0) |
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 0.2745% | Percentage of the fund’s portfolio invested in the stock 1.26% | Change in the portfolio weight of the stock over the last 3 months 0.12% | 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 16/90 (+4) |
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 0.2737% | Percentage of the fund’s portfolio invested in the stock 1.24% | Change in the portfolio weight of the stock over the last 3 months -0.24% | 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 20/60 (+1) |
Compare 3-month MF holding change on Screener
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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 3.57%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹35.71 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 14, 2024
Dividend/Share
₹4.50
Ex DateEx Date
Nov 14, 2024
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
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
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
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
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
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
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
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
Power Grid Corporation of India will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live
Power Grid Corporation Of India has fixed 14th November 2024 as the record date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Directors.Powered by Capital Market - Live
Power Grid Corporation of India has approved the raising of Bonds as Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable, POWERGRID Bonds - LXXIX (79th) issue upto Rs. 5,000 crore on private placement basis. 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%