POWERGRIDPower

Power Grid Corporation of India Limited

Power - Transmission · ISIN INE752E01010 · BSE 532898 · NSE EQ · FV ₹10
Last price
₹264
+0.36%today
What this company does

Power Grid Corporation of India Limited operates in Power - Transmission, part of the Power sector. It booked ₹11,497 cr of revenue in its latest quarter (Q1 FY27) and kept 31.3% of sales as profit. It is the 3rd largest of 9 Power companies we track, by market value.

66out of 100
Equitytale Health Score
Solid

Healthier than 66% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 10–21 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns81

How much profit it earns on the money it employs

Balance sheet48

How much it owes, and whether earnings cover the interest

Cash quality73

Whether reported profit actually arrives as cash

Growth & consistency37

Whether sales and profit have grown, and how steadily

Valuation67

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 31% net margin
Promoters hold 51%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Carries high debt (D/E 1.5)

What if I invest in POWERGRID?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹264 +0.36%
latest close · 2026-09-17
1-year return
+103.2%
52-wk low ₹12852-wk high ₹294
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio17.0Average
LowAverageHigh
P/B ratio2.44Moderate
Below bookModerateHigh
EV / EBITDA10.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.3%Fair
WeakFairStrong ▸15%
Return on capital10.9%Fair
WeakFairStrong
Net margin31.3%Strong
ThinDecentStrong
EBITDA margin84.7%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.47High
LowModerateHigh ▸1
Interest cover3.3×Okay
RiskyOkayStrong ▸5×
Current ratio0.60Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹2.45 L cr
Book value
₹108
EPS
₹3.87
latest quarter
Net debt
₹1.43 L cr
owes more than its cash
Enterprise value
₹3.88 L cr
EBITDA
₹38,946 cr
annualised
EBIT
₹26,432 cr
annualised
Operating margin
57.5%
Return on assets
4.9%
Earnings yield
5.87%
P/S
5.33
Sales / share
₹49.4
Tax rate
19.3%
Face value
₹10
Shares
930.1 cr
Working capital
₹-20,538 cr
Current assets
₹30,658 cr
Current liabilities
₹51,196 cr
Delivery %
58.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹198 vs market price ₹264 — price is 33% above it
Safety cushion-33.2%(target ≥ +20%)
Models span ₹152₹201, midpoint ₹198
Model ₹198
Price ₹264
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹11,497 cr
Other Income₹200 cr
Total Income₹11,697 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹674 cr
Finance Costs₹2,023 cr
Depreciation & Amortisation₹3,128 cr
Other Expenses₹1,287 cr
Total Expenses₹7,112 cr
Profit before Tax₹4,585 cr
Tax Expense₹883 cr
Share of JV / Associates₹2 cr
Net Profit₹3,598 cr
Net margin on total income30.8%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹674 cr5.8%
Finance costs₹2,023 cr17.4%
Depreciation & amortisation₹3,128 cr27.0%
Other expenses₹1,287 cr11.1%
Tax expense₹883 cr7.6%
Profit for the period₹3,598 cr31.0%
Total income ₹11,697 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue12,395 cr11,666 cr11,497 cr
Total income12,599 cr11,971 cr11,697 cr
Expenses7,314 cr8,069 cr7,112 cr
Profit before tax5,285 cr3,901 cr4,585 cr
Tax1,312 cr-4,391 cr883 cr
Net profit (owners' share)4,185 cr4,546 cr3,598 cr
Net margin (owners' share, on revenue)33.8%39.0%31.3%
EPS (₹)4.504.893.87
YoY (latest quarter): total income +2.2% · net profit -0.9%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹2.95 L cr
Shareholder equity
₹1.00 L cr
parent shareholders
Total debt
₹1.48 L cr
Cash
₹5,281 cr
Cash flow · H1 FY26
Operating
₹14,832 cr
Investing
₹-13,092 cr
Financing
₹-2,213 cr
Peer comparison
Power · by market value (sector-level match)
CompanyPriceMarket capP/E
Adani Power Limited₹206₹3.97 L cr20.7
NTPC Limited₹330₹3.20 L cr11.9
Power Grid Corporation of India Limitedthis company₹264₹2.45 L cr17.0
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
Adani Energy Solutions Limited₹1,387₹1.67 L cr36.2
Tata Power Company Limited₹369₹1.18 L cr25.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.41%
trailing 12 months
Dividend / share (TTM)
₹9
Last dividend
₹1.25
ex 13 Aug 2026
ActionDetailEx-date
Dividend₹1.25 / share13 Aug 2026
Dividend₹3.25 / share9 Feb 2026
Dividend₹4.5 / share10 Nov 2025
Dividend₹1.25 / share19 Aug 2025
Dividend₹3.25 / share7 Feb 2025
Dividend₹4.5 / share14 Nov 2024
Who owns it · 2026-06-30
No pledge
Promoter
51.3%
FII / Foreign
24.3%
DII / Domestic
20.7%
Retail / others
3.6%
Smart-money activity
Bulk / block deals
short · NSE1,80610 Sep 26
short · NSE8967 Sep 26
short · NSE224 Sep 26
Stake changes
BoughtLife Insurance Corporation of India→ 5.01% · 19.09 L17 Aug 26
DisposalLIFE INSURANCE CORPORATION OF INDIA→ 3.30%11 Oct 22
DisposalLIFE INSURANCE CORPORATION OF INDIA→ 3.30%11 Oct 22
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements including Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026, together with the Board’s Report, the Auditors’ Report thereon and comments of the Comptroller and Auditor General of India.
Backed by 87% of shareholders other than promotersneeded 50%
338.71 cr votes for, 52.79 cr against · 10% of mutual funds and other big investors said no
2
To confirm payment of 1st and 2nd interim dividend and declare final dividend for the financial year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
389.94 cr votes for, 1.72 cr against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Dr. Yatindra Dwivedi (DIN: 10301390), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 51% of shareholders other than promotersneeded 50%
200.30 cr votes for, 191.29 cr against · 51% of mutual funds and other big investors said no
4
To appoint a director in place of Shri Naveen Srivastava (DIN:10158134), who retires by rotation and being eligible, offers himself for re-appointment.
⚑ Passed only because promoters voted yes
Backed by 45% of shareholders other than promotersneeded 50%
177.04 cr votes for, 214.55 cr against · 57% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 1.9% between them · as of 2026-06-30
PRESIDENT OF INDIA1.94%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.