Power Grid Corporation of India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Strong return on equity (ROE 16.5%)
- ✓Attractively valued vs sector (P/E 16.5x vs industry 49.5x)
- ✓Regular dividends — yield 3.2%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹233 | ₹4.6L Cr | 35.6 | 6.91 | 21.1 | 17.2 | 0.83 |
| NTPC NTPC Limited | ₹361 | ₹3.6L Cr | 13.2 | 1.72 | 14 | 8.33 | 1.33 |
| ADANIGREEN Adani Green Energy Limited | ₹1,522 | ₹2.4L Cr | 130 | 12.58 | 11.4 | 7.39 | 5.19 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,579 | ₹1.8L Cr | 80.5 | 7.45 | 9.61 | 9.71 | 1.93 |
| TATAPOWER Tata Power Company Limited | ₹409 | ₹1.3L Cr | 34.9 | 3.3 | 10.1 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹581 | ₹1.1L Cr | 47.3 | 3.32 | 7.86 | 8.29 | 2.37 |
| NTPCGREEN NTPC Green Energy Limited | ₹101 +0.02% | ₹85K Cr | 163 | 4.63 | 2.79 | 3.53 | 1.65 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
POWERGRID · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 51.34% | 51.34% | 51.34% | 51.34% | 51.34% | 51.34% |
| FII | 30.51% | 29.82% | 28.73% | 28.26% | 28.11% | 26.79% |
| DII | 14.77% | 15.26% | 16.32% | 16.89% | 16.99% | 18.30% |
| Public | 3.37% | 3.58% | 3.61% | 3.50% | 3.50% | 3.52% |
| Govt | — | — | — | — | 0.04% | 0.06% |
Corporate Events
To consider Fund Raising and other business matters
To consider and approve the financial results for the period ended March 31, 2026 and dividend
POWERGRID : 15-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 16, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held o
To consider Fund Raising
Interim Dividend - Rs 3.25 Per Share
Interim Dividend - Rs 4.50 Per Share
Dividend - Rs 1.25 Per Share
Interim Dividend - Rs 3.25 Per Share
Interim Dividend - Rs 4.50 Per Share
Annual General Meeting/Dividend - Rs 2.75 Per Share
Latest News
All news →36 key power transmission lines delayed beyond deadline
*36 key power transmission lines delayed beyond deadline* — Critical ISTS lines meant for grid stability have missed commissioning deadlines, affecting renewable integration. Delays could impact project timelines and increase costs for developers. This may lead to regulatory scrutiny and near-term headwinds for sector growth. 📊 *STOCKS:* POWERGRID | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #PowerGrid
POWERGRID Q4 earnings reveal strong transmission growth
*POWERGRID Q4 earnings reveal strong transmission growth* shows revenue up **12% YoY** and net profit rising **9% YoY**, driven by higher tariff collections and operational efficiency. The company maintained a healthy balance sheet with **debt-to-EBITDA at 1.8x**. Execution of new transmission projects remains on track, boosting investor confidence. 📊 *STOCKS:* POWERGRID | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Earnings
Power Grid poised for next capex cycle amid energy transition
*Power Grid poised for next capex cycle amid energy transition* — Power Grid Corporation is set to benefit from India’s accelerating energy transition and upcoming transmission projects. The company is expected to see **₹50,000–60,000 crore** in capex over the next cycle. Rising demand for grid modernization supports long-term growth. 📊 *STOCKS:* POWERGRID | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #PowerGrid
Morgan Stanley forecasts Sensex at 89,000 by 2027
*Morgan Stanley forecasts Sensex to reach 89,000 by June 2027*, driven by India’s next capex cycle. The brokerage identifies 7 key stocks across infrastructure, defense, and capital goods as primary beneficiaries. **₹500,000 crore** in estimated capex over the next few years could fuel earnings growth. Institutional focus on domestic cyclicals may accelerate F&O activity. 📊 *STOCKS:* LT, ULTRACEMCO, HAL, BEL, TATAMOTORS, POWERGRID, IRFC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
Power Grid declares dividend of ₹3.25 per share
*Power Grid Corporation of India announced a dividend payout of **₹3.25** per share to shareholders.* This represents a routine capital return distribution by the state-owned power transmission utility. The dividend reflects the company's steady cash generation from its core operations. Traders should monitor the ex-dividend and record dates for position adjustments. 📊 *STOCKS:* POWERGRID | 🏢 *SECTOR:* Energy | #LOWIMPACT #dividend
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12.4K Cr ▲8.0% | ₹11.5K Cr ▲2.5% | ₹11.2K Cr ▼8.8% | ₹12.3K Cr ▲9.3% | ₹11.2K Cr ▼0.4% | ₹11.3K Cr ▲2.5% | ₹11.0K Cr ▼8.1% | ₹12.0K Cr |
| Op. Profit | ₹10.6K Cr ▲17.1% | ₹9.1K Cr ▼0.5% | ₹9.1K Cr ▼10.7% | ₹10.2K Cr ▲6.9% | ₹9.5K Cr ▼0.7% | ₹9.6K Cr ▲0.6% | ₹9.5K Cr ▼3.9% | ₹9.9K Cr |
| OPM | 86.0% ▲8.9% | 79.0% ▼2.5% | 81.0% ▼2.4% | 83.0% ▼2.4% | 85.0% ▲0.0% | 85.0% ▼2.3% | 87.0% ▲4.8% | 83.0% |
| Net Profit | ₹4.2K Cr ▲17.4% | ₹3.6K Cr ▼1.8% | ₹3.6K Cr ▼12.4% | ₹4.1K Cr ▲7.3% | ₹3.9K Cr ▲1.8% | ₹3.8K Cr ▲1.9% | ₹3.7K Cr ▼10.6% | ₹4.2K Cr |
| EPS (₹) | 4.5 ▲17.5% | 3.83 ▼1.8% | 3.9 ▼12.4% | 4.45 ▲7.2% | 4.15 ▲1.7% | 4.08 ▲2.0% | 4 ▼10.7% | 4.48 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹46.7K Cr ▲2.1% | ₹45.8K Cr ▼0.1% | ₹45.8K Cr ▲0.5% | ₹45.6K Cr ▲9.6% | ₹41.6K Cr ▲5.0% | ₹39.6K Cr ▲5.0% | ₹37.7K Cr ▲7.7% | ₹35.1K Cr ▲17.0% | ₹30.0K Cr ▲16.6% | ₹25.7K Cr |
| Expenses | ₹11.7K Cr ▲67.7% | ₹7.0K Cr ▲5.4% | ₹6.6K Cr ▲9.5% | ₹6.0K Cr ▲4.0% | ₹5.8K Cr ▲22.4% | ₹4.7K Cr ▼2.6% | ₹4.9K Cr ▼40.3% | ₹8.1K Cr ▲103.9% | ₹4.0K Cr ▲23.0% | ₹3.2K Cr |
| Op. Profit | ₹35.1K Cr ▼9.7% | ₹38.8K Cr ▼1.0% | ₹39.2K Cr ▼0.8% | ₹39.6K Cr ▲10.5% | ₹35.8K Cr ▲2.6% | ₹34.9K Cr ▲6.1% | ₹32.9K Cr ▲22.2% | ₹26.9K Cr ▲3.7% | ₹26.0K Cr ▲15.6% | ₹22.4K Cr |
| OPM | 75.0% ▼11.8% | 85.0% ▼1.2% | 86.0% ▼1.1% | 87.0% ▲1.2% | 86.0% ▼2.3% | 88.0% ▲1.1% | 87.0% ▲13.0% | 77.0% ▼11.5% | 87.0% ▲0.0% | 87.0% |
| Other Income | ₹952 Cr ▼53.8% | ₹2.1K Cr ▲81.1% | ₹1.1K Cr ▲4.1% | ₹1.1K Cr ▼76.7% | ₹4.7K Cr ▲510.1% | ₹769 Cr ▼72.7% | ₹2.8K Cr ▲87.4% | ₹1.5K Cr ▼63.0% | ₹4.1K Cr ▲335.7% | ₹933 Cr |
| Interest | ₹8.4K Cr ▼2.9% | ₹8.7K Cr ▼0.8% | ₹8.8K Cr ▼8.9% | ₹9.6K Cr ▲19.9% | ₹8.0K Cr ▼1.2% | ₹8.1K Cr ▼14.4% | ₹9.5K Cr ▲8.8% | ₹8.7K Cr ▲19.3% | ₹7.3K Cr ▲18.1% | ₹6.2K Cr |
| Depreciation | ₹13.0K Cr ▲1.0% | ₹12.9K Cr ▼1.5% | ₹13.1K Cr ▼1.8% | ₹13.3K Cr ▲3.6% | ₹12.9K Cr ▲6.9% | ₹12.0K Cr ▲3.7% | ₹11.6K Cr ▲10.1% | ₹10.5K Cr ▲14.2% | ₹9.2K Cr ▲19.5% | ₹7.7K Cr |
| PBT | ₹14.5K Cr ▼24.6% | ₹19.3K Cr ▲4.2% | ₹18.5K Cr ▲4.6% | ₹17.7K Cr ▼9.7% | ₹19.6K Cr ▲26.5% | ₹15.5K Cr ▲6.2% | ₹14.6K Cr ▲59.5% | ₹9.1K Cr ▼32.1% | ₹13.5K Cr ▲42.4% | ₹9.5K Cr |
| Tax % | -10.0% ▼150.0% | 20.0% ▲25.0% | 16.0% ▲23.1% | 13.0% ▼7.1% | 14.0% ▼36.4% | 22.0% ▼8.3% | 24.0% ▲340.0% | -10.0% ▼125.6% | 39.0% ▲85.7% | 21.0% |
| Net Profit | ₹15.9K Cr ▲2.6% | ₹15.5K Cr ▼0.3% | ₹15.6K Cr ▲1.0% | ₹15.4K Cr ▼8.3% | ₹16.8K Cr ▲39.8% | ₹12.0K Cr ▲8.8% | ₹11.1K Cr ▲10.2% | ₹10.0K Cr ▲22.3% | ₹8.2K Cr ▲10.1% | ₹7.5K Cr |
| EPS (₹) | 17.13 ▲2.6% | 16.69 ▼0.3% | 16.74 ▲1.0% | 16.58 ▼8.3% | 18.09 ▲39.8% | 12.94 ▲8.8% | 11.89 ▲10.2% | 10.79 ▲22.3% | 8.82 ▲10.1% | 8.01 |
| Div Payout | 79.0% ▲46.3% | 54.0% ▼19.4% | 67.0% ▲0.0% | 67.0% ▲9.8% | 61.0% ▲17.3% | 52.0% ▲10.6% | 47.0% ▲9.3% | 43.0% ▲30.3% | 33.0% ▲6.5% | 31.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹9.3K Cr ▲0.0% | ₹9.3K Cr ▲0.0% | ₹9.3K Cr ▲33.3% | ₹7.0K Cr ▲0.0% | ₹7.0K Cr ▲33.3% | ₹5.2K Cr ▲0.0% | ₹5.2K Cr ▲0.0% | ₹5.2K Cr ▲0.0% | ₹5.2K Cr ▲0.0% | ₹5.2K Cr |
| Reserves | ₹89.6K Cr ▲7.5% | ₹83.4K Cr ▲7.1% | ₹77.8K Cr ▲2.4% | ₹76.1K Cr ▲9.8% | ₹69.3K Cr ▲7.1% | ₹64.7K Cr ▲8.8% | ₹59.5K Cr ▲10.4% | ₹53.9K Cr ▲9.5% | ₹49.2K Cr ▲10.2% | ₹44.6K Cr |
| Borrowings | ₹1.4L Cr ▲3.8% | ₹1.3L Cr ▲6.1% | ₹1.2L Cr ▼3.9% | ₹1.3L Cr ▼4.5% | ₹1.3L Cr ▼6.0% | ₹1.4L Cr ▼3.4% | ₹1.5L Cr ▲1.3% | ₹1.5L Cr ▲11.3% | ₹1.3L Cr ▲10.5% | ₹1.2L Cr |
| Other Liabilities | ₹43.5K Cr ▲2.8% | ₹42.3K Cr ▲5.4% | ₹40.2K Cr ▼1.1% | ₹40.6K Cr ▲1.5% | ₹40.0K Cr ▼5.9% | ₹42.5K Cr ▼2.7% | ₹43.7K Cr ▲4.3% | ₹41.9K Cr ▲6.3% | ₹39.4K Cr ▲47.1% | ₹26.8K Cr |
| Total Liabilities | ₹2.8L Cr ▲4.7% | ₹2.7L Cr ▲6.1% | ₹2.5L Cr ▼0.6% | ₹2.5L Cr ▲0.5% | ₹2.5L Cr ▼1.9% | ₹2.6L Cr ▼0.4% | ₹2.6L Cr ▲3.8% | ₹2.5L Cr ▲9.8% | ₹2.3L Cr ▲15.2% | ₹2.0L Cr |
| Assets | ||||||||||
| Fixed Assets | ₹1.7L Cr ▼1.9% | ₹1.7L Cr ▼3.1% | ₹1.8L Cr ▼4.1% | ₹1.9L Cr ▼3.3% | ₹1.9L Cr ▲4.4% | ₹1.8L Cr ▲1.4% | ₹1.8L Cr ▲4.8% | ₹1.7L Cr ▲10.6% | ₹1.6L Cr ▲13.5% | ₹1.4L Cr |
| CWIP | ₹43.8K Cr ▲30.4% | ₹33.6K Cr ▲84.6% | ₹18.2K Cr ▲32.1% | ₹13.8K Cr ▲7.1% | ₹12.9K Cr ▼48.2% | ₹24.8K Cr ▼29.4% | ₹35.2K Cr ▼6.5% | ₹37.6K Cr ▼0.1% | ₹37.7K Cr ▼1.6% | ₹38.3K Cr |
| Investments | ₹3.7K Cr ▲20.1% | ₹3.1K Cr ▼25.1% | ₹4.2K Cr ▲19.3% | ₹3.5K Cr ▼7.9% | ₹3.8K Cr ▲154.9% | ₹1.5K Cr ▲3.8% | ₹1.4K Cr ▲10.4% | ₹1.3K Cr ▲5.9% | ₹1.2K Cr ▲5.1% | ₹1.2K Cr |
| Other Assets | ₹61.9K Cr ▲8.5% | ₹57.0K Cr ▲12.4% | ₹50.7K Cr ▲2.4% | ₹49.5K Cr ▲16.4% | ₹42.5K Cr ▼6.8% | ₹45.7K Cr ▲17.2% | ₹39.0K Cr ▲9.1% | ₹35.7K Cr ▲18.0% | ₹30.3K Cr ▲63.1% | ₹18.6K Cr |
| Total Assets | ₹2.8L Cr ▲4.7% | ₹2.7L Cr ▲6.1% | ₹2.5L Cr ▼0.6% | ₹2.5L Cr ▲0.5% | ₹2.5L Cr ▼1.9% | ₹2.6L Cr ▼0.4% | ₹2.6L Cr ▲3.8% | ₹2.5L Cr ▲9.8% | ₹2.3L Cr ▲15.2% | ₹2.0L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹36.2K Cr ▼2.9% | ₹37.3K Cr ▼7.2% | ₹40.2K Cr ▲53.9% | ₹26.1K Cr ▼11.2% | ₹29.4K Cr ▼4.3% | ₹30.7K Cr ▲32.1% | ₹23.3K Cr ▲2.5% | ₹22.7K Cr ▲5.3% | ₹21.6K Cr ▲43.8% | ₹15.0K Cr |
| Investing CF | ₹-23.5K Cr ▼79.4% | ₹-13.1K Cr ▼83.7% | ₹-7.1K Cr ▼1047.9% | ₹753 Cr ▲108.1% | ₹-9.2K Cr ▲13.9% | ₹-10.7K Cr ▲42.7% | ₹-18.7K Cr ▲27.1% | ₹-25.7K Cr ▼7.8% | ₹-23.8K Cr ▼10.5% | ₹-21.6K Cr |
| Financing CF | ₹-12.4K Cr ▲52.3% | ₹-25.9K Cr ▲14.9% | ₹-30.4K Cr ▼5.1% | ₹-29.0K Cr ▼41.2% | ₹-20.5K Cr ▼9.1% | ₹-18.8K Cr ▼673.6% | ₹-2.4K Cr ▼289.2% | ₹1.3K Cr ▼67.5% | ₹4.0K Cr ▼29.6% | ₹5.6K Cr |
| Net Cash Flow | ₹333 Cr ▲119.3% | ₹-1.7K Cr ▼166.1% | ₹2.6K Cr ▲225.1% | ₹-2.1K Cr ▼477.6% | ₹-362 Cr ▼130.2% | ₹1.2K Cr ▼43.3% | ₹2.1K Cr ▲223.8% | ₹-1.7K Cr ▼200.5% | ₹1.7K Cr ▲279.1% | ₹-948 Cr |
| Free Cash Flow | ₹12.1K Cr ▼53.2% | ₹25.9K Cr ▼19.0% | ₹32.0K Cr ▲76.0% | ₹18.2K Cr ▼8.2% | ₹19.8K Cr ▲2.1% | ₹19.4K Cr ▲2262.4% | ₹820 Cr ▲123.6% | ₹-3.5K Cr ▼47.7% | ₹-2.3K Cr ▲64.8% | ₹-6.7K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63d ▼31.5% | 92d ▼22.7% | 119d ▲46.9% | 81d ▲2.5% | 79d ▲61.2% | 49d ▲0.0% | 49d ▲11.4% | 44d ▲0.0% | 44d ▼8.3% | 48d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 63d ▼31.5% | 92d ▼22.7% | 119d ▲46.9% | 81d ▲2.5% | 79d ▲61.2% | 49d ▲0.0% | 49d ▲11.4% | 44d ▲0.0% | 44d ▼8.3% | 48d |
| Working Capital Days | -166d ▼23.9% | -134d ▲23.0% | -174d ▲27.8% | -241d ▼28.9% | -187d ▲31.8% | -274d ▼36.3% | -201d ▲8.6% | -220d ▲12.0% | -250d ▲18.3% | -306d |
| ROCE | 13.0% ▲0.0% | 13.0% ▲0.0% | 13.0% ▲18.2% | 11.0% ▼8.3% | 12.0% ▲9.1% | 11.0% ▲22.2% | 9.0% ▼10.0% | 10.0% ▲0.0% | 10.0% ▲11.1% | 9.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Power Grid Corporation of India Limited
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.
Power · Power