Power Grid Corporation of India Limited (IN:POWERGRID)
:POWERGRID
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Power Grid Corporation of India Limited
(POWERGRID)
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Rating:72Outperform
Price Target:
₹282.00
▲(4.04% Upside)
Action:ReiteratedDate:11/01/25
Power Grid Corporation's overall stock score is driven by its strong financial performance and balanced valuation. The company's robust cash flow and profitability support its financial health, while technical analysis suggests a stable market position. The absence of earnings call data and corporate events limits additional insights.
Positive Factors
Regulated, availability‑based revenue model
Availability‑based, tariffed revenues create predictable, long‑duration cash flows insulated from short swings in electricity volumes. That structure supports long‑term capex planning, stable debt servicing and makes earnings more durable through regulatory cycles.
Negative Factors
Significant industry capital intensity and debt
Large transmission buildouts require heavy, ongoing capital investment, leaving substantial debt on the balance sheet. Elevated leverage increases refinancing and interest exposure and constrains financial flexibility for new opportunities or adverse shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated, availability‑based revenue model
Availability‑based, tariffed revenues create predictable, long‑duration cash flows insulated from short swings in electricity volumes. That structure supports long‑term capex planning, stable debt servicing and makes earnings more durable through regulatory cycles.
Read all positive factors
Power Grid Corporation of India Limited (POWERGRID) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.75T
Dividend Yield3.37%
Average Volume (3M)668.98K
Price to Earnings (P/E)14.7
Beta (1Y)0.88
Revenue Growth0.80%
EPS Growth-3.25%
CountryIN
Employees8,316
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)4.50
Shares Outstanding9,300,604,000
10 Day Avg. Volume1,066,787
30 Day Avg. Volume668,976
Financial Highlights & Ratios
PEG Ratio-58.03
Price to Book (P/B)2.90
Price to Sales (P/S)5.88
P/FCF Ratio22.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹326.67Price Target Upside20.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)16.93
Revenue Forecast (FY)₹475.68B
Power Grid Corporation of India Limited Business Overview & Revenue Model
Company Description
Power Grid Corporation of India Limited, an electric power transmission utility, engages in the transmission of power in India. It operates in three segments: Transmission Services, Telecom Services, and Consultancy Services. As of March 31, 2022,...
How the Company Makes Money
POWERGRID generates revenue primarily through the transmission of electricity. The company earns a significant portion of its income from 'Transmission Charges' levied on electricity utilities for the use of its transmission networks. These charge...
Power Grid Corporation of India Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
75
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 461.81B | 457.92B | 458.43B | 456.03B | 416.22B | 396.40B |
| Gross Profit | 395.62B | 447.60B | 449.15B | 447.80B | 407.92B | 388.78B |
| EBITDA | 389.57B | 396.00B | 402.17B | 401.77B | 369.73B | 358.17B |
| Net Income | 152.01B | 155.21B | 155.73B | 154.20B | 168.24B | 120.36B |
Balance Sheet | ||||||
| Total Assets | 2.78T | 2.66T | 2.51T | 2.50T | 2.51T | 2.56T |
| Cash, Cash Equivalents and Short-Term Investments | 96.37B | 100.77B | 60.56B | 97.69B | 50.20B | 52.06B |
| Total Debt | 1.36T | 1.35T | 1.27T | 1.32T | 1.35T | 1.47T |
| Total Liabilities | 1.79T | 1.73T | 1.64T | 1.69T | 1.75T | 1.86T |
| Stockholders Equity | 989.32B | 926.63B | 871.45B | 830.15B | 762.47B | 699.36B |
Cash Flow | ||||||
| Free Cash Flow | 6.55B | 120.89B | 258.86B | 311.02B | 181.57B | 199.49B |
| Operating Cash Flow | 148.32B | 362.23B | 372.89B | 380.05B | 261.24B | 293.12B |
| Investing Cash Flow | -130.92B | -235.33B | -131.14B | -71.38B | 7.53B | -89.73B |
| Financing Cash Flow | -22.13B | -123.57B | -259.03B | -304.50B | -289.67B | -205.21B |
Power Grid Corporation of India Limited Technical Analysis
Neutral
271.05
Price Trends
285.95
Positive
275.57
Positive
278.24
Positive
Market Momentum
2.13
Positive
49.99
Neutral
29.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:POWERGRID, the sentiment is Neutral. The current price of 271.05 is below the 20-day moving average (MA) of 298.30, below the 50-day MA of 285.95, and below the 200-day MA of 278.24, indicating a neutral trend. The MACD of 2.13 indicates Positive momentum. The RSI at 49.99 is Neutral, neither overbought nor oversold. The STOCH value of 29.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:POWERGRID.
Power Grid Corporation of India Limited Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹681.91B | 25.60 | ― | 1.48% | -1.26% | 27.83% | |
72 Outperform | ₹2.75T | 14.70 | ― | 3.37% | 0.80% | -3.25% | |
72 Outperform | ₹961.51B | 90.03 | ― | 0.10% | 33.42% | 132.99% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | ₹769.15B | 90.79 | ― | 2.44% | 15.72% | 6.45% | |
65 Neutral | ₹1.23T | 39.28 | ― | 0.59% | 4.06% | 8.22% | |
55 Neutral | ₹259.80B | 32.79 | ― | 1.94% | 6.92% | -44.22% |
* Utilities Sector Average
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Power Grid Corporation of India Limited Corporate Events
Power Grid Elevates Senior Leaders to Executive Director Roles, Strengthening Key Growth Verticals
Jan 25, 2026
Power Grid Corporation of India’s board has approved the promotion and appointment of senior management officials to the position of Executive Director, one level below the board, with effect from 25 January 2026. Among the key moves, Sanjay...
Power Grid Elevates Senior Executives to Executive Director Roles
Jan 25, 2026
Power Grid Corporation of India’s board has approved changes in senior management, promoting and appointing officials to the position of Executive Director, a role one level below the board, with effect from 25 January 2026. The move include...
POWERGRID Clears ₹914 Crore Investment in Spare Transformers and Reactors Across Key Regions
Jan 20, 2026
Power Grid Corporation of India Limited’s Committee of Directors on Investment on Projects has approved three major procurement proposals for cold spare transformers and reactors across different regional power committees. The approvals cove...
Power Grid Subsidiary Commissions Rajasthan Solar Power Evacuation Project
Jan 16, 2026
Power Grid Corporation of India Limited announced that its wholly owned subsidiary, POWERGRID Bhadla Sikar Transmission Limited, has fully commissioned an inter-state transmission project designed to evacuate 8.1 GW of solar power from designated ...
Power Grid Board Clears Merger of 13 Wholly Owned Subsidiaries to Streamline Structure
Dec 20, 2025
Power Grid Corporation of India Limited’s board has approved a merger and amalgamation scheme involving 13 wholly owned subsidiaries, under which 11 subsidiaries will be consolidated into two remaining wholly owned subsidiaries, subject to s...
Power Grid Corporation Wins Bid for Major Transmission Project
Dec 15, 2025
Power Grid Corporation of India Limited has been declared the successful bidder under the Tariff Based Competitive Bidding (TBCB) process to establish an Inter-State Transmission System. This project, titled ‘Inter-Regional Strengthening bet...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.