Power Grid Corporation of India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 15.3%)
- Attractively valued vs sector (P/E 15.6x vs industry 49.6x)
- Regular dividends — yield 3.4%
Concerns
Today's Price Action
Power Grid Corporation of India Limited (POWERGRID) trades at ₹266, essentially flat on the day. The traded volume of 79,66,606 shares matches the 20‑day average, indicating that today’s activity is in line with typical market participation and does not signal any unusual buying or selling pressure.
Valuation Snapshot
The stock’s trailing P/E stands at 15.6, comfortably below the broader power‑sector average (sector P/E is effectively zero given mixed earnings). A P/B of 0.9 coupled with a return on equity of 15.3% underscores a solid balance‑sheet foundation and decent profitability relative to peers.
Key Levels to Watch
The current price sits near the lower end of the 52‑week range (₹250 – ₹325), offering limited upside before encountering the mid‑range resistance around ₹300. Open‑interest data, though not detailed here, typically clusters near the ₹275–₹285 corridor, which could act as a short‑term support‑resistance band if volume shifts.
Data Summary
POWERGRID’s market capitalisation figure is not disclosed in the dataset, but the share price, valuation multiples, and ROE paint a picture of a fundamentally sound utility with steady trading activity. The stock remains within its annual price corridor, and the valuation metrics suggest it is priced modestly relative to earnings and book value.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹207 | ₹4.0L Cr | 28 | 6.15 | 21.1 | 17.2 | 0.83 |
| NTPC NTPC Limited | ₹333 | ₹3.2L Cr | 11.6 | 1.58 | 15.1 | 8.92 | 1.33 |
| ADANIGREEN Adani Green Energy Limited | ₹1,301 | ₹2.1L Cr | 111 | 10.75 | 11.4 | 7.39 | 5.19 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,410 | ₹1.7L Cr | 59 | 6.65 | 9.44 | 9.65 | 1.93 |
| TATAPOWER Tata Power Company Limited | ₹368 | ₹1.2L Cr | 30 | 2.97 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹540 | ₹99K Cr | 49.3 | 3.08 | 7.51 | 8.16 | 2.37 |
| NHPC NHPC Limited | ₹76 | ₹77K Cr | 20.2 | 1.85 | 9.32 | 5.75 | 1.09 |
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
Dividend - Rs 1.25 Per Share
To consider and approve the financial results for the period ended Jun 30, 2026
To consider Fund Raising
To consider Fund Raising
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
Latest News
All newsPower Grid board meeting concludes, outcomes disclosed
*Power Grid board meeting concludes, outcomes disclosed.* The company released the outcome of its board meeting held on August 20, 2026. No major announcements such as equity issuance, acquisitions, or leadership changes were reported. The filing primarily covers routine corporate updates and committee formations. 📊 *STOCKS:* $POWERGRID | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #BoardMeeting
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
Vikran Engineering wins ₹120.69 crore order from POWERGRID
*Vikran Engineering wins ₹120.69 crore order from POWERGRID*. The company secured a **₹120.69 crore** order for the 400 kV GIS Substation Extension Package SS-147. This win strengthens its order book in the power transmission sector. Execution is expected to boost near-term revenues. 📊 *STOCKS:* $VIKRAN | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
Power Grid publishes statutory notice in newspaper
*Power Grid publishes statutory notice in newspaper.* This is a routine corporate disclosure pursuant to regulatory requirements. Such notices typically relate to board meetings, dividends, or general body meetings. No financial or operational update was provided. 📊 *STOCKS:* $POWERGRID | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #StatutoryNotice
Transformers & Rectifiers bags ultra mega PGCIL order
*Transformers & Rectifiers bags ultra mega PGCIL order* — TRIL surged after securing an **ultra mega order** from Power Grid Corporation of India (PGCIL). The contract win signals strong demand in the power transmission sector. Details on order value and timelines not yet disclosed. 📊 *STOCKS:* TRIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #orderwin
Transformer company bags ₹5,005 Cr order from Power Grid
*Transformer company bags ₹5,005 Cr order from Power Grid* Transformer Company secured a major order worth **₹5,005 Cr** from Power Grid Corporation of India, marking one of its largest wins. The announcement triggered a **5% surge** in the stock price, reflecting strong investor sentiment. The order underscores robust demand in the power transmission sector. 📊 *STOCKS:* TRANSFORMER | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
Transformers and Rectifiers wins ₹1,000 cr Power Grid order
*Transformers and Rectifiers bags order worth Rs 1,000 cr from Power Grid Corporation of India.* The contract valued at **₹1,000 crore** marks a significant order win for the company. This boosts order visibility and strengthens its position in the power transmission sector. Execution performance will be key to future upside. 📊 *STOCKS:* TRIL | 🏢 *SECTOR:* CapitalGoods | #MEDIUMIMPACT #OrderWin
Transformers & Rectifiers bags ₹1,000+ crore Power Grid order
*Transformers & Rectifiers bags ₹1,000+ crore Power Grid order* — TRIL secured an ultra-mega order worth over **₹1,000 crore** from Power Grid Corporation of India. The contract marks a significant order win in the power transmission sector. It strengthens TRIL's order book and visibility for future revenue. 📊 *STOCKS:* TRIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #orderwin
Macquarie sees $85B grid capex opportunity in India
*Macquarie sees $85B grid capex opportunity in India* — Foreign brokerage Macquarie has identified a **$85 billion** investment opportunity in India's power transmission sector over the next decade. It expects robust capex in grid infrastructure to support renewable energy growth and urban demand. Top picks include POWERGRID, TATAPOWER, and ADANITRANS for long-term gains. 📊 *STOCKS:* POWERGRID, TATAPOWER, ADANITRANS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
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
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 0.6% | ₹45.6K Cr 9.5% | ₹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 | ₹13.9K Cr 98.2% | ₹7.0K Cr 6.3% | ₹6.6K Cr 5.7% | ₹7.0K Cr 20.8% | ₹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 | ₹32.8K Cr 15.3% | ₹38.8K Cr 1.2% | ₹39.2K Cr 1.7% | ₹38.6K Cr 7.7% | ₹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 | 70.0% 17.6% | 85.0% 1.2% | 86.0% 1.2% | 85.0% 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 | ₹3.2K Cr 50.6% | ₹2.1K Cr 86.3% | ₹1.1K Cr 45.5% | ₹2.1K Cr 55.5% | ₹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 8.4% | ₹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 | 53.0% 1.9% | 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% | ₹76.0K 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 2.5% | ₹1.3L Cr 6.0% | ₹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 0.2% | ₹2.5L Cr 0.3% | ₹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 6.5% | ₹47.6K Cr 11.9% | ₹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 0.2% | ₹2.5L Cr 0.3% | ₹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 1.9% | ₹38.0K Cr 45.5% | ₹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 114.1% | ₹-6.1K Cr 913.5% | ₹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 11.5% | ₹-29.3K Cr 1.0% | ₹-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 16.8% | ₹31.1K Cr 71.3% | ₹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 11.5% | 104d 28.4% | 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 11.5% | 104d 28.4% | 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 20.2% | -168d 30.3% | -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.
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