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:
₹353.00
▲(30.23% 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
Strong operating cash flow and free cash flow
Consistently strong operating cash flow and positive free cash flow underpin durable internal funding for capex, debt service, and dividends. This high-quality cash generation reduces reliance on external financing, supports project execution timelines, and enhances financial resilience over the medium term.
Negative Factors
Significant capital-intensive debt burden
A sizeable debt stock is inherent to large transmission networks and increases interest and refinancing obligations, constraining financial flexibility. If capex needs or rates rise, servicing and rolling over debt could pressure cash flow allocation for growth and shareholder distributions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating cash flow and free cash flow
Consistently strong operating cash flow and positive free cash flow underpin durable internal funding for capex, debt service, and dividends. This high-quality cash generation reduces reliance on external financing, supports project execution timelines, and enhances financial resilience over the medium term.
Read all positive factors
Power Grid Corporation of India Limited (POWERGRID) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.91T
Dividend Yield3.37%
Average Volume (3M)668.98K
Price to Earnings (P/E)14.7
Beta (1Y)0.87
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)18.52
Revenue Forecast (FY)₹511.26B
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 makes money mainly by building, owning, and operating electricity transmission assets and earning regulated, availability-based income for providing transmission service. Its core revenue stream comes from transmission tariffs/charges ap...
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
Positive
271.05
Price Trends
297.07
Positive
279.35
Positive
279.38
Positive
Market Momentum
4.27
Negative
70.84
Negative
92.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:POWERGRID, the sentiment is Positive. The current price of 271.05 is below the 20-day moving average (MA) of 299.54, below the 50-day MA of 297.07, and below the 200-day MA of 279.38, indicating a bullish trend. The MACD of 4.27 indicates Negative momentum. The RSI at 70.84 is Negative, neither overbought nor oversold. The STOCH value of 92.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹759.23B | 25.60 | ― | 1.48% | -1.26% | 27.83% | |
72 Outperform | ₹2.91T | 14.70 | ― | 3.37% | 0.80% | -3.25% | |
72 Outperform | ₹1.06T | 98.17 | ― | 0.10% | 33.42% | 132.99% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | ₹809.33B | 90.79 | ― | 2.44% | 15.72% | 6.45% | |
65 Neutral | ₹1.35T | 39.28 | ― | 0.59% | 4.06% | 8.22% | |
55 Neutral | ₹295.80B | 32.79 | ― | 1.94% | 6.92% | -44.22% |
* Utilities Sector Average
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Power Grid Corporation of India Limited Corporate Events
POWERGRID CMD Burra Vamsi Rama Mohan Given Additional Charge as Director (Projects)
Apr 6, 2026
Power Grid Corporation of India Limited has announced that Chairman and Managing Director Burra Vamsi Rama Mohan has been given additional charge as Director (Projects). The temporary assignment, effective from 1 April 2026 for up to three months ...
Power Grid wins Tumkur-II inter-state transmission project for 2.7 GW renewable integration
Apr 1, 2026
Power Grid Corporation of India Limited has been declared the successful bidder under the Tariff Based Competitive Bidding framework to establish an inter-state transmission system for the “Transmission System Strengthening at Tumkur-II for ...
Power Grid appoints Burra Vamsi Rama Mohan as new CMD
Apr 1, 2026
Power Grid Corporation of India Limited has announced a leadership change following a Board meeting held on 1 April 2026, acting on an order from the Ministry of Power. The Board has approved the appointment of Shri Burra Vamsi Rama Mohan, previou...
Power Grid posts analyst webinar recordings to bolster investor transparency
Mar 24, 2026
Power Grid Corporation of India Limited has made available the video and audio recordings of a webinar held on 23 March 2026 for analysts and investors, where senior management provided a business update and interacted with market participants. Th...
Power Grid shares analyst webinar recording with investors
Mar 23, 2026
Power Grid Corporation of India Limited, a leading state-owned power transmission utility, operates the national high-voltage network that underpins electricity flows across India. It plays a critical role in maintaining grid stability and facilit...
POWERGRID Board Clears ₹705 Crore Investment in Grid Spares
Mar 19, 2026
Power Grid Corporation of India Limited’s board has approved an investment for the procurement of cold spare transformers and reactors, as endorsed in the 77th Northern Regional Power Committee. The project, with an estimated cost of ₹...
Power Grid expands subsidiary merger plan to streamline structure
Mar 19, 2026
Power Grid Corporation of India’s board has approved a revised consolidation plan to merge 28 wholly owned subsidiaries into two other wholly owned units, superseding an earlier proposal that covered 11 subsidiaries. The expanded amalgamatio...
Power Grid board to weigh new bank funding; trading window closed around meeting
Mar 3, 2026
Power Grid Corporation of India has scheduled a board meeting on 9 March 2026 to consider raising funds through an unsecured rupee term loan or line of credit from banks. The move signals the company’s intention to secure additional debt fin...
Power Grid faces board-composition fines from BSE and NSE, seeks waiver and ministry action
Feb 28, 2026
Power Grid Corporation of India Limited has disclosed that both BSE and NSE have imposed fines of Rs. 5,42,800 each, including GST, for non-compliance with board composition norms under Regulation 17(1) of SEBI’s Listing Obligations and Disc...
Government raises equity investment limit for Power Grid subsidiaries to boost transmission, renewables
Feb 24, 2026
The Cabinet Committee on Economic Affairs has approved an enhanced delegation of powers to Power Grid Corporation of India, raising its permissible equity investment limit in each subsidiary from Rs 5,000 crore to Rs 7,500 crore while retaining th...
Power Grid Publishes Q3 FY26 Analyst Meet Transcript for Investors
Feb 9, 2026
Power Grid Corporation of India Limited has notified the stock exchanges that it has made available the transcript of its Analysts’ and Institutional Investors’ Meet held in Mumbai on 2 February 2026 for Q3 FY 2025-26. The disclosure, ...
Power Grid Issues Public Notice on Transfer of Unclaimed Shares to IEPF
Feb 3, 2026
Power Grid Corporation of India Limited has published notices in newspapers to inform shareholders about the impending transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) Authority, in line with the Investor Educ...
Power Grid shares analyst meet recording after Q3 FY26 results briefing
Feb 2, 2026
Power Grid Corporation of India Limited informed the stock exchanges that it organized an Analysts’ and Institutional Investors’ Meet in Mumbai on 2 February 2026, shortly after announcing its financial results for the quarter and nine...
POWERGRID Approves ₹173 Crore Augmentation Project at Thrissur HVDC Station
Jan 30, 2026
Power Grid Corporation of India Limited has received approval from its Committee of Directors on Investment on Projects to implement an augmentation project at the Thrissur VSC HVDC Station in Kerala, involving the installation of a third 1×5...
Power Grid to Exit Promoter Role in PTC India, Withdraws Nominee Director
Jan 30, 2026
Power Grid Corporation of India Limited’s board has approved the withdrawal of its nominee director from the board of PTC India Limited and the relinquishment of all promoter rights in PTC as defined in that company’s Articles of Assoc...
Power Grid Declares Second Interim Dividend, Clears Plan to Raise Up to Rs 32,000 Crore
Jan 30, 2026
Power Grid Corporation of India’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, and declared a second interim dividend of Rs 3.25 per equity share for F...
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...
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.