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Utilities · Power - Transmission

Power Grid Corporation of India Ltd (POWERGRID)

₹288.20

Mkt cap
₹2.68L Cr
P/E ratio
16.80
P/B
2.67
Div yield
3.12%
ROE
16.50%
ROCE
9.74%
EPS (TTM)
₹17.15
Book value
₹108
52W range
251–321
Sector
Utilities

Power Grid Corporation of India Limited is a Maharatna CPSU and India’s largest electric power transmission company. GoI holds a 51.34% stake in the company as on March 31, 2021. PGCIL was incorporated in 1989 to set up extra-high voltage alternating current and high-voltage direct current (HVDC) transmission lines. The company moves large blocks of power from the central generating agencies and areas that have surplus power to load centres within and across regions. It is under the administrative control of the Ministry of Power, GoI. PGCIL also executes several strategically important projects, assigned to the company by GoI on nomination basis. Power Grid Corporation of India is principally engaged in planning, implementation, operation and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy services.

NSE POWERGRIDBSE 532898www.powergrid.in
Health check
Cautious
ValuationFair
ProfitabilityWeak
GrowthModerate
TechnicalsNeutral
52-week range
−10.19% from high
₹288
₹251+14.66% from low₹321
Current
₹288.20
Prev close
₹288.55
Day
−0.12%
Price performance
1D
−0.12%
1W
−0.17%
1M
+1.51%
3M
−8.91%
6M
+13.44%
1Y
−2.83%
YTD
+6.37%

Financials

F
Revenue, profit & margin
P/E ratio
16.8×
POWERGRID is 0% below the sector median of 16.8×
POWERGRID16.8×
Sector median16.8×
 Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Trend
Sales12,26411,04811,26711,55011,97811,00611,27811,23312,27511,19611,47612,39511,666
Expenses1,4331,7161,5571,3752,0551,4661,6811,7002,0812,0942,4211,7886,363
Operating Profit10,8319,3329,71010,1759,9239,5409,5979,53310,1949,1029,05510,6075,303
OPM %88%84%86%88%83%87%85%85%83%81%79%86%45%
Other Income294209263380389302814552366461712463322
Interest2,4752,0572,3412,4461,9282,0392,4411,9172,3031,9342,1482,1902,175
Depreciation3,3143,2663,2773,2933,2593,2003,2923,2163,1963,1303,2233,3813,295
Profit before tax5,3354,2184,3554,8165,1254,6034,6784,9525,0624,4994,3955,497155
Tax %19%15%13%16%19%19%19%22%18%19%19%24%-2,829%
Net Profit4,3233,5973,7814,0284,1663,7243,7933,8624,1433,6313,5664,1854,546
EPS in Rs4.653.874.074.334.484.004.084.154.453.903.834.504.89
Raw PDF

Earnings

EResults dates & reactions
No upcoming results date on calendar.

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move +0.04% · closed higher next day 26 of last 58
 Q1FY24Q2FY24Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26
Broadcast1 Aug '238 Nov '238 Feb '2423 May '24◦26 Jul '24◦7 Nov '244 Feb '25◦20 May '2530 Jul '253 Nov '25◦30 Jan '26◦15 May '26◦
Earnings day−5.36%−0.48%+3.08%−0.34%−0.54%−1.74%−0.16%−2.02%−1.42%−3.11%+5.42%−3.04%
+1 day−6.58%+0.87%+1.88%−0.61%+1.63%−0.71%−1.58%−2.60%−0.72%−6.18%+10.41%−2.37%
+5 days−9.23%−0.38%+5.11%−3.09%−0.41%−2.01%−10.01%−3.12%−2.83%−7.26%+12.96%−3.43%
+15 days−6.18%+1.06%+5.56%+0.50%−1.07%+2.94%−10.29%−0.99%−3.10%−4.50%+18.27%−6.59%
+30 days−3.18%+11.42%+2.91%+6.10%−2.92%−1.00%−0.89%−2.14%−1.86%−9.34%+16.37%−5.98%
FilingXBRLXBRLXBRLXBRLXBRLXBRLXBRLPDFXBRLXBRLXBRLXBRL

Corporate actions

CLast 6 months
KindValueEx-dateRecord
dividend
Interim Dividend - Rs 3.25 Per Share
3.259 Feb '269 Feb '26

Shareholding

Sas of Jun 2026
51.34%Promoter
Promoters51.34%
FIIs24.33%0.69
DIIs20.62%0.57
Public3.63%0.12
Government0.08%
Ownership trend

Peers

P4 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Power Grid Corpn₹288.2016.832,68,0433.12%4,546+9.74%11,666−4.97%9.74%
IndiGrid Trust₹179.2750.1920,37412.18%185+60.05%2,240+156.15%7.99%
Powergrid Infra.₹100.2610.029,12511.97%244−64.48%311+0.02%11.65%
Anzen IYEP Trust₹130.00—3,3249.90%4+147.43%155+101.95%3.28%
Median: 4 Co.₹154.6316.8314,75010.94%215+34.89%1,275+50.98%8.87%

Filings

D
Annual reports15
Financial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bseFinancial Year 2011nse
Concall transcripts48
TranscriptMay 2026PPTMay 2026TranscriptApr 2026PPTApr 2026RECApr 2026TranscriptFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024PPTAug 2024TranscriptMay 2024PPTMay 2024
Credit ratings6
Rating update 24 JuncrisilRating update 8 MaycrisilRating update 23 AprcareRating update 22 ApricraRating update 22 AprcrisilRating update 27 Marcrisil
Announcements5
Announcement under Regulation 30 (LODR)-Change in Directorate 1d - CMD Burra Vamsi Rama Mohan's additional charge as Director (Projects) extended three months1 July 2026.Additional Charge Of Directors Projects) 1d - CMD Burra Vamsi Rama Mohan’s additional charge as Director (Projects) extended for three months1 July 2026.Board Meeting Outcome for Outcome Of The Board Meeting Held On 22Nd July, 2026 1d - Board approved borrowing limit increase to Rs. 35,000 crore for FY27 and borrowing up to Rs. 35,000 crore for FY28.Appointment Of Cost Auditors For The FY 2026-27. 1d - Board approved borrowing limit hike to ₹35,000 crore for FY2026-27 and borrowing up to ₹35,000 crore for FY2027-28.POWERGRID Declared As Successful Bidder Under TBCB 17 Jul - POWERGRID received LoI on 17 July 2026 for Fatehgarh-II SynCon project under BOOT.