Power Grid Corp

    POWERGRID
    Energy
    ₹247.40
    Price as of 25 Oct 2026, 10:28 pm IST

    Market cap ₹2.30 L Cr

    P/E
    14.47
    Day range
    ₹242.30 – ₹248.60
    52-week range
    ₹242.30 – ₹324.95
    Volume
    59.17 L
    Open
    ₹248.05
    Prev close
    ₹248.40

    Latest results · Q1 FY27(consolidated)Revenue ₹11,497 Cr+2.7%Profit ₹3,598 Cr-0.9%Margin 31.3%YoY vs the same quarter last year

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    POWERGRID in NSE indices and F&O

    F&O margin for one lot of POWERGRID (1,900 shares)

    Research profile

    Composite 59 / 100

    Factor percentiles

    Value71
    Quality40
    Momentum33
    Low volatility91

    Derived metrics

    Earn. yield
    6.9%
    Graham no.
    ₹203.62
    vs Graham
    -17.7%
    ROE ÷ P/B
    7.2%
    12-1 mom.
    -7.5%
    Return / vol
    -0.68
    Magic Formula
    #313
    Piotroski
    1/6
    FCF yield
    1.6%
    PEG
    1.49

    Appears in 15 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 48 in Energy
    Largest Energy companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Reliance IndustriesRELIANCE₹16.10 L Cr21.551.7811.0%10.0%15.0%0.45+27.0%
    Adani PowerADANIPOWER₹3.51 L Cr19.265.4921.4%17.0%42.0%0.84+34.0%
    NTPCNTPC₹2.89 L Cr10.411.4214.2%9.0%32.0%1.33+7.8%
    Oil & Natural Gas CorpONGC₹2.86 L Cr6.580.7713.9%14.0%8.0%0.47+25.7%
    Coal IndiaCOALINDIA₹2.45 L Cr7.852.0928.1%35.0%26.0%0.12+7.8%
    Power Grid CorpPOWERGRID₹2.30 L Cr14.472.2916.5%9.0%82.0%1.47+2.7%
    Adani Green EnergyADANIGREEN₹1.95 L Cr107.749.5412.4%7.0%89.0%5.48+41.6%
    Indian Oil CorpIOC₹1.82 L Cr5.210.8521.5%19.0%1.5%0.60+38.5%
    Sector median₹38,531 Cr18.141.8913.8%11.5%26.0%0.77+20.7%

    Sector as classified in the tracked universe; medians use every tracked Energy company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 4d ago

    Headlines about Power Grid Corp from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    14.5
    EPS (TTM)
    ₹17.10
    Price / Book
    2.29
    ROE (FY26)
    16.5%
    ROCE (latest year)
    9%
    Dividend yield
    3.64%

    Moving averages (NSE)

    20-day
    ₹254.12
    Price below
    50-day
    ₹261.7
    Price below
    200-day
    ₹282.99
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +0.8%
    Profit 3Y CAGR
    +1.1%
    Revenue YoY (Jun 2026)
    +2.7%
    Profit YoY (Jun 2026)
    -0.9%
    Operating margin
    82.0%
    Net margin
    31.3%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr5K Cr10K Cr15K Cr
    • Revenue
    • Net profit

    Operating margin

    Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 20260%45%90%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • FII
    • DII
    • Public
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-40K Cr-20K Cr0 Cr20K Cr40K Cr60K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%10%20%30%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr50K Cr1L Cr1.5L Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 20260x2x4x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the bonus of 12 Sept 2023: earlier bars are per pre-bonus share.

    FY22FY23FY24FY25FY26FY27₹0₹5₹10₹15

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales11,26711,55011,97811,00611,27811,23312,27511,19611,47612,39511,66611,497
    Expenses1,5571,3752,0551,4661,6811,7002,0812,0942,4211,7886,3632,066
    Operating Profit9,71010,1759,9239,5409,5979,53310,1949,1029,05510,6075,3039,430
    OPM %86%88%83%87%85%85%83%81%79%86%45%82%
    Other Income263380389302814552366461712463322202
    Interest2,3412,4461,9282,0392,4411,9172,3031,9342,1482,1902,1752,023
    Depreciation3,2773,2933,2593,2003,2923,2163,1963,1303,2233,3813,2953,128
    Profit before tax4,3554,8165,1254,6034,6784,9525,0624,4994,3955,4971554,481
    Tax %13%16%19%19%19%22%18%19%19%24%-2829%20%
    Net Profit3,7814,0284,1663,7243,7933,8624,1433,6313,5664,1854,5463,598
    EPS in Rs₹4.07₹4.33₹4.48₹4.00₹4.08₹4.15₹4.45₹3.90₹3.83₹4.50₹4.89₹3.87

    From company filings, updated 24 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days91

    +12 days since Mar 2021

    Cash Conversion Cycle91

    +12 days since Mar 2021

    Working Capital Days-229

    -42 days since Mar 2021

    Strengths, risks & growth

    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. The company moves large blocks of power from the central generating agencies and areas that have surplus power to load centres within and across regions. It is under the administrative control of the Ministry of Power, GoI. PGCIL also executes several strategically important projects, assigned to the company by GoI on nomination basis. Power Grid Corporation of India is principally engaged in planning, implementation, operation and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy services.

    Strengths

    • Company has been maintaining a healthy dividend payout of 57.9%

    Risks

    • The company has delivered a poor sales growth of 3.35% over past five years.
    • Tax rate seems low
    • Company might be capitalizing the interest cost

    Compounded Sales Growth

    10 Years
    +9%
    5 Years
    +3%
    3 Years
    +1%
    TTM
    +2%

    Compounded Profit Growth

    10 Years
    +9%
    5 Years
    +3%
    3 Years
    -2%
    TTM
    +3%

    Stock Price CAGR

    10 Years
    +10%
    5 Years
    +11%
    3 Years
    +7%
    1 Year
    -14%

    Return on Equity

    10 Years
    +17%
    5 Years
    +18%
    3 Years
    +17%
    Last Year
    +15%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter51.34%51.34%51.34%51.34%0.00 pp
    FII24.73%25.02%24.33%24.03%-0.30 pp
    DII20.19%20.05%20.62%20.83%+0.21 pp
    Government0.07%0.08%0.08%0.08%0.00 pp
    Public3.67%3.51%3.63%3.71%+0.08 pp

    Filed with NSE for Sept 2026: promoters 51.34%, public 48.66% · XBRL filing

    Analysts & fund holdings

    65%
    65% recommend buy
    23 analysts cover the stock
    Valuation vs Electric Utilities
    P/E14.5 vs 24.7
    Sector P/B2.72
    Beta0.86

    Who holds the shares, quarter by quarter

    Mutual funds 12.76% (-0.86 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters51.3%
    • Foreign institutions24.0%
    • Mutual funds12.8%
    • Insurance6.4%
    • Other domestic institutions1.7%
    • Retail2.9%
    • Others0.9%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Parag Parikh Flexi Cap Fund3.49%5.60%-0.63 pp
    HDFC Flexi Cap Fund0.98%2.11%-0.29 pp
    ICICI Pru Large Cap Fund0.24%0.71%-0.31 pp
    Kotak Flexi Cap Fund0.22%0.98%-0.04 pp
    SBI PSU Fund0.20%7.41%-1.13 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    20.5%
    Downside volatility
    20.8%
    Worst 5% of days
    2.2%
    Average of that tail
    2.9%
    Max drawdown (1Y)
    23.8%
    Below its peak
    22.9%

    Against the market

    Beta vs Nifty 50
    0.52
    Correlation
    0.34
    Relative strength (3M)
    -9.3%
    ATR (14)
    2.2%

    Return

    Return 1M
    -7.0%
    Return 3M
    -14.6%
    Return 6M
    -22.6%
    Return 1Y
    -13.9%
    vs 200-day average
    -12.6%

    Momentum

    RSI (14)
    36.3
    MACD histogram
    0.05
    Stochastic %K
    29.7
    ADX (14)
    33.9
    +DI / −DI
    8.4 / 26.7
    Money flow index
    54.6

    Participation

    Delivery (20d avg)
    65.5%
    vs its 60-day baseline
    +3.4 pts
    Volume vs 20-day
    -0.9σ
    Close vs day's VWAP
    +1.2%
    52-week position
    4 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    Piotroski F-Score

    1 of 6 tested

    • Return on assets positive — passed
    • Operating cash flow positive — not testableno cash flow statement for this period
    • Return on assets improving — failed
    • Cash flow exceeds profit — not testableneeds cash flow and profit against assets
    • Debt to assets falling — failed
    • Current ratio improving — failed
    • No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
    • Operating margin improving — failed
    • Asset turnover improving — failed
    Free cash flow
    ₹3,651 Cr
    FCF yield
    1.6%
    Cash conversion
    2.57
    Accruals ratio
    -0.085
    Net debt
    ₹1.47 L Cr
    Net debt / equity
    1.47
    EV / sales
    8.02
    PEG
    1.49
    Capex intensity
    79.8%
    Revenue CAGR
    -5.0%
    Profit CAGR
    9.7%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Model simulation

    30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 23 Oct 2026, simulating 10 sessions ahead.

    Research
    Research output, not advice. Model output for research only. Not investment advice, not a price target, and not a prediction of actual returns. Generated by a statistical model from past prices; past patterns do not determine future prices.

    Lower edge (10th percentile)

    ₹258.78

    +4.6%

    Upper edge (90th percentile)

    ₹270.36

    +9.3%

    The marker is the last close, ₹247.4. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹263.36 (+6.5%), which is the centre of the simulation and not an expected or target price.

    The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 23 Oct 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.

    Corporate actions

    • dividend
      ₹1.25

      Dividend - Rs 1.25 Per Share

      13 Aug 2026
      ex-date
    • dividend
      ₹3.25

      Interim Dividend - Rs 3.25 Per Share

      9 Feb 2026
      ex-date
    • dividend
      ₹4.50

      Interim Dividend - Rs 4.50 Per Share

      10 Nov 2025
      ex-date
    • dividend
      ₹1.25

      Dividend - Rs 1.25 Per Share

      19 Aug 2025
      ex-date
    • dividend
      ₹3.25

      Interim Dividend - Rs 3.25 Per Share

      7 Feb 2025
      ex-date
    • dividend
      ₹4.50

      Interim Dividend - Rs 4.50 Per Share

      14 Nov 2024
      ex-date
    • dividend
      ₹2.75

      Annual General Meeting/Dividend - Rs 2.75 Per Share

      16 Aug 2024
      ex-date
    • dividend
      ₹4.50

      Interim Dividend - Rs 4.50 Per Share

      15 Feb 2024
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      16 Nov 2023
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:3

      12 Sept 2023
      ex-date
    • dividend
      ₹4.75

      Dividend - Rs 4.75 Per Share

      8 Aug 2023
      ex-date
    • dividend
      ₹5.00

      Interim Dividend - Rs 5 Per Share

      8 Feb 2023
      ex-date
    • dividend
      ₹5.00

      Interim Dividend - Rs 5 Per Share

      14 Nov 2022
      ex-date
    • dividend
      ₹2.25

      Annual General Meeting/Dividend - Rs 2.25 Per Share

      19 Aug 2022
      ex-date
    • dividend
      ₹5.50

      Interim Dividend - Rs 5.50 Per Share

      16 Feb 2022
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share/ Special Dividend - Rs 3 Per Share

      22 Dec 2021
      ex-date
    • dividend
      ₹3.00

      Annual General Meeting/Dividend - Rs 3 Per Share

      8 Sept 2021
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:3

      29 Jul 2021
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      8 Mar 2021
      ex-date
    • dividend
      ₹5.00

      Interim Dividend - Rs 5 Per Share

      17 Dec 2020
      ex-date
    • dividend
      ₹4.04

      Annual General Meeting/Dividend - Rs 4.04 Per Share

      2 Sept 2020
      ex-date

    Company announcements

    Company Update
    POWERGRID Declared As Successful Bidder Under TBCB

    POWERGRID declared as successful bidder under TBCB

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Acquisition

    Acquisition of Jam Khambhaliya REZ Transmission Limited by POWERGRID under TBCB route.

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Acquisition

    Acquisition of Lakadia C Power Transmission Ltd. by POWERGRID under TBCB route.

    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Acquisition

    Acquisition of Lakadia II Power Transmission Limited by POWERGRID under TBCB route.

    Company Update
    Commissioning Of Project Namely 'Transmission System For Evacuation Of Power From REZ In Rajasthan (20 GW) Under Phase-III Part-C1'.

    Commissioning of project namely "Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase-III Part-C1.

    Company Update
    Commissioning Of Project Namely 'Transmission Scheme For Solar Energy Zone In Bidar (2500 MW), Karnataka (TBCB)'.

    Commissioning of Project namely "Transmission Scheme for Solar Energy Zone in Bidar (2500 MW), Karnataka (TBCB).

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Change in Senior Management (Cessation)

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Directorate

    Appointment of Shri Akhilesh Pathak as Director (Projects) of POWERGRID w.e.f. 30th September, 2026.

    Others
    Board Meeting Outcome for Appointment Of Shri Akhilesh Pathak, (DIN: 10830950) As Director (Projects) On The Board Of POWERGRID

    Outcome of the Board Meeting for appointment of Shri Akhilesh Pathak, (DIN: 10830950) as Director (Projects) on the Board of POWERGRID

    Board Meeting
    Board Meeting Outcome for Outcome Of The Board Meeting Held On 26Th September, 2026.

    Outcome of the Board Meeting held on 26th September, 2026.

    Company Update
    POWERGRID Declared As Successful Bidder Under TBCB

    POWERGRID declared as successful bidder under TBCB.

    Insider Trading / SAST
    Closure of Trading Window
    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper publication regarding Special Window for Transfer and Dematerialization of Physical Securities.

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Acquisition

    Acquisition of Barmer HVDC Power Transmission Limited by POWERGRID under TBCB route.

    Filed with BSE (scrip 532898); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 6 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    Power Grid Corp: common questions

    Answered from the figures on this page.

    Power Grid Corp last traded at ₹247.40 (NSE, as of 25 Oct 2026). The last session moved it down 0.40%.

    Power Grid Corp is valued at about ₹2.30 lakh crore (NSE, as of 25 Oct 2026).

    Power Grid Corp trades at a price-to-earnings ratio of 14.47 (NSE, as of 25 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    Power Grid Corp has traded between ₹242.30 and ₹324.95 over the past 52 weeks, to 25 Oct 2026. It is currently 6% of the way up that range.

    Power Grid Corp (POWERGRID) is classified under Energy on this site's screener.