1. Power Grid Corp
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59% Buy

Power Grid Corp Share Price

POWERGRID

₹318.80-₹1.10 (-0.34%) TodayLast updated on 24 May, 2024 | 03:53 PM IST
₹317.40₹322.95
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Company overview

Financial performance

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Market cap

Market Cap Switch₹2,96,503 Crs

Open

₹318.00

Close

₹319.90

Circuit range

₹351.85 - ₹287.95

Day range

₹317.40 - ₹322.95

Year range

₹172.50 - ₹327.75

Volume

1,50,58,182

Avg. traded

₹320.11

Revenue (12m)

₹45,843 Crs

Power Grid Corp

Power Grid Corporation of India Ltd is an electricity transmission utility with a Maharatna status. The Government of India holds a 51.34% share in the company while the remaining 48.66% is held by public shareholders.

The public sector entity was set up on October 23, 1989, under the Company Act as the National Power Transmission Corporation Ltd. It was assigned the responsibility of constructing and operating high-voltage transmission systems in India. The National Power Transmission Corporation was renamed as Power Grid Corporation of India in October 1992.

Power Grid was listed on the Indian stock exchanges in 2007 and on the Singapore exchange in 2013. It was conferred Navratna status in 2008. In 2009, it set up the National Load Dispatch Centre in New Delhi, while in 2012 it set up a transmission network for the first ultra mega power project.

Power Grid operates 176,180 circuit km of extra high voltage (EHV) transmission lines in India. It owns 275 extra high voltage AC & HVDC substations with a more than 512,601 MVA transformation capacity across India. The company operates 86% of inter-regional networks.

In addition to the transmission business, the company has also diversified into the telecom business.

Power Grid also provides consultancy services in power transmission, sub-transmission, load dispatch & communication, distribution management and other areas to domestic and international customers.

Business operations

The company has fixed assets of ₹2.7 lakh crore. The market valuation of Power Grid reached around ₹2.17 lakh crore in 2023 as of December 19. Power Grid share price has zoomed over 120% in three years.

The company is involved in mainly three segments:

Transmission

Power Grid is a leading transmission services provider in India. It operates around 1,76,343 cubic km of transmission lines and has 275 sub-stations. Power Grid is a major transmission utility in the world. It has played a key role in the development of the Indian power sector. It was instrumental in setting up a strong National Grid in India and that has been augmented regularly to facilitate power transmission requirements with reliability. The National Grid has an inter-regional power transfer capacity of 112,250 MW.

Telecom Vertical

The company is also involved in the telecom business. The PSU provides back-bone connectivity to all metros, big cities and towns and remote areas. Its wholly-owned subsidiary Power Grid Teleservices Limited gives services under the PowerTel brand. It is the only telecom service provider with a pan-India overhead optic fibre network.

The PSU is one of the implementing agencies for the BharatNet project. Power Grid is developing the national optical fibre network in Andhra Pradesh, Telangana, Jharkhand, Odisha and Himachal Pradesh.

Consultancy

Power Grid also provides consultancy services in areas such as power transmission, sub-transmission system, distribution management and load dispatch & communications in India and abroad.

Being one of the largest power transmission utilities in the world, consulting services have been provided to several customers globally.

Financial Highlights

Power Grid reported consolidated revenue from operations of ₹45,581.28 crore in FY23 against ₹41,621.64 crore in FY22, up by 9.5%. Expenses were ₹29,070.47 crore in FY23 against ₹25,957.32 crore in FY22, up by 11%. Profit before tax stood at ₹17,453.05 crore in FY23 against ₹20,139.38 crore in FY22, down by 13%. Net profit of the company dropped to ₹15,417.12 crore in FY23 compared to ₹16,824 crore in FY22. The earnings per share was ₹22.10 per share in FY23 against ₹24.12 per share in FY22.

Power Grid Corp Key indicators

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52 week high

₹327.75

52 week low

₹172.50

P/E ratio

19.04

P/B ratio

3.14

ROE

19.29%

ROCE

12.95%

Dividend yield

4.81%

Debt/Equity ratio

1.53

EPS

21.98

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Investment checklist: (4/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

59%

Hold

17%

Sell

24%

This analysis is based on the reviews of 17 experts in the last 7 days

Brands by Power Grid Corp

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POSOCO

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Powergrid

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

92.05%

Net profit margin

35.38%

ROE

19.29%

ROA

5.93%

ROCE

12.95%

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Power Grid Corp Shareholder returns

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1 day

-0.34%

1 week

+1.80%

1 month

+9.78%

3 months

+13.07%

1 year

+80.27%

3 years

+145.34%

5 years

+205.28%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Power Grid Corp Share Price history

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DayOpenCloseDay’s change
Fri, May 24 2024
₹318.00
₹318.80
-0.34%
Thu, May 23 2024
₹319.45
₹319.90
-1.80%
Wed, May 22 2024
₹327.75
₹325.75
+0.03%
Tue, May 21 2024
₹311.00
₹325.65
+2.76%
Sat, May 18 2024
₹315.85
₹316.90
+1.20%
Fri, May 17 2024
₹314.90
₹313.15
+0.21%
Thu, May 16 2024
₹314.50
₹312.50
-0.75%
Wed, May 15 2024
₹310.00
₹314.85
+1.81%

Shareholding info

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Promoters (51.34%)

Mutual Funds (10.91%)

Retail and other (3.57%)

Foreign institutions-FII (29.82%)

Other domestic institutions (4.36%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹4.5/share

    Ex date 15 Feb 2024

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  • Dividend • ₹4/share

    Ex date 16 Nov 2023

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  • Bonus • 1:3

    Ex date 12 Sep 2023

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  • Dividend • ₹4.75/share

    Ex date 08 Aug 2023

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  • Dividend • ₹5/share

    Ex date 08 Feb 2023

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  • Dividend • ₹5/share

    Ex date 14 Nov 2022

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  • Dividend • ₹2.25/share

    Ex date 19 Aug 2022

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  • Dividend • ₹5.5/share

    Ex date 16 Feb 2022

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  • Dividend • ₹4/share

    Ex date 22 Dec 2021

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  • Dividend • ₹3/share

    Ex date 22 Dec 2021

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Frequently asked questions