POWER GRID CORPORATION OF INDIA LIMITED
₹264.50+₹4.10 (+1.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,40,607 Cr
- P/E
- 15.6x
- EV / EBITDA
- 8.8x
- Revenue
- ₹41,431 Cr
- Net margin
- 36.5%
- ROCE
- 17.2%
Price chart
Technical chartScreen technicals →-9.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +1.6%
- 3M
- -7.4%
- 6M
- -16.9%
- 1Y
- -9.3%
- 5Y
- +90.5%
52-week range
Day change +₹4.10 (+1.6%) from ₹260 to ₹265 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in POWERGRID, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 17.8%
Concerns1
- Slow revenue growth of 3.2% CAGR over 5 years
Rule-based from financial data. Not advice.
About the company
Power Grid Corporation of India Limited, an electric power transmission utility, engages in the power transmission business in India and internationally. It operates in three segments: Transmission Services, Telecom Services, and Consultancy Services.
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Power Grid Corporation of India Limited, an electric power transmission utility, engages in the power transmission business in India and internationally. It operates in three segments: Transmission Services, Telecom Services, and Consultancy Services. As of 31 March 2025, the company owned and operated 180,195 circuit kilometers of transmission lines, and 282 substations with an aggregate transformation capacity of 551,961 mega volt amperes. It also provides telecom services that offer overhead optic fiber network services using optical ground wire on power transmission lines under the POWERTEL brand name, as well as lease lines, MPLS-VPN, data, infrastructure, and international long-distance services. In addition, it provides consultancy services to the transmission, distribution, and telecom sectors on system planning and feasibility studies; environmental and social studies; design and engineering; contract/procurement services; project management and construction supervision; capacity building; operation and maintenance; asset management; owners' and lenders' engineer services to utilities and funding institutions; preparation of grid code, tariff mechanisms, and market analysis; legal and technical advisory in power transmission; power system studies/DPR preparation; smart grid and EV charging; load despatch and communication; sub-transmission/distribution/rural electrification services; testing and quality assurance and inspection; energy efficiency; and preventive vigilance, as well as human resource development. Further, it operates electric vehicle charging stations; and engages in solar power generation, green hydrogen production, smart metering, and data centers. The company was formerly known as National Power Transmission Corporation Limited and changed its name to Power Grid Corporation of India Limited in October 1992. Power Grid Corporation of India Limited was incorporated in 1989 and is based in Gurugram, India.
- Sector
- Energy
- Shares outstanding
- 929 Cr shares
- ISIN
- INE752E01010
- BSE code
- 532898
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,40,607 Cr
- P/E
- 15.6x
- P/B
- 2.4x
- EV / EBITDA
- 8.8x
- EV / Sales
- 8.3x
- P/S
- 5.7x
- Earnings yield
- 6.4%
- 52-week high
- ₹320.85
- 52-week low
- ₹245.40
Profitability
- Operating margin
- 85.4%
- Net margin
- 36.5%
- EBITDA margin
- 93.7%
- ROE
- 17.8%
- ROCE
- 17.2%
- ROA
- 6.3%
- Dividend payout
- 68.0%
- Tax rate
- 15.0%
- Other income, % of PBT
- 19.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹41,431 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -2.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹39,712 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -0.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹34,790 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1.4%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,103 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1.1%
Solvency and efficiency
- Current ratio
- 2.08
- Debt / Equity
- 1.42
- Debt / Assets
- 0.50
- Debt / EBITDA
- 3.11
- Interest coverage
- 4.00
- Financial leverage
- 2.83
- CFO / Net profit
- 2.25
- Cash / Market cap
- 26.5%
- Cash per share
- ₹68.58
- Asset turnover
- 0.17
- Fixed asset turnover
- 0.26
- Capital intensity
- 3.84
- Debtor days
- 93 days
- Cash conversion cycle
- 93 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹37 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹5,906 Cr |
| Sales | Operating profit | ₹35,525 Cr |
| Operating profit | Interest | ₹9,479 Cr |
| Operating profit | Depreciation | ₹12,352 Cr |
| Operating profit | Profit before tax | ₹13,694 Cr |
| Other income | Profit before tax | ₹4,926 Cr |
| Profit before tax | Tax and other | ₹3,265 Cr |
| Profit before tax | Net profit | ₹15,354 Cr |
Revenue and net profit
Revenue fell 2.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹37,666 Cr | ₹11,936 Cr |
| FY2022 | ₹39,933 Cr | ₹17,094 Cr |
| FY2023 | ₹43,343 Cr | ₹15,333 Cr |
| FY2024 | ₹42,391 Cr | ₹15,475 Cr |
| FY2025 | ₹41,431 Cr | ₹15,354 Cr |
Cash flows
FY2025: ₹31,357 Cr from operations, ₹13,460 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹27,614 Cr | ₹19,811 Cr |
| FY2022 | ₹24,640 Cr | ₹26,829 Cr |
| FY2023 | ₹35,268 Cr | ₹30,952 Cr |
| FY2024 | ₹34,790 Cr | ₹24,356 Cr |
| FY2025 | ₹31,357 Cr | ₹13,460 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹41,431 Cr-2.3%1Y
- Net profit
- ₹15,354 Cr-0.8%1Y
- Cash from operations
- ₹31,357 Cr
- Free cash flow
- ₹13,460 Cr-44.7%1Y
- Revenue CAGR, 5Y
- 3.2%
- EBITDA CAGR, 5Y
- 2.4%
- Net profit CAGR, 5Y
- 7.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹41,431 Cr | ₹35,525 Cr | — | ₹15,354 Cr | ₹31,357 Cr | ₹13,460 Cr | 16.7% | -2.3% | -0.8% |
Monthly returns
Month-by-month returns of POWERGRID across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2.6 L Cr |
| Equity capital | ₹9,301 Cr |
| Reserves | ₹82,915 Cr |
| Borrowings | ₹1.3 L Cr |
| Other liabilities | ₹34,642 Cr |
| Assets | ₹2.6 L Cr |
| Fixed assets | ₹1.5 L Cr |
| Capital work in progress | ₹12,399 Cr |
| Investments | ₹11,312 Cr |
| Other assets | ₹80,522 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
POWERGRID trades at 15.6x earnings against a peer median of 24.8x (a 37% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| POWER GRID CORPORATION OF INDIA LIMITEDPOWERGRIDthis companyP/E ↓ discount | ₹2.4 L Cr | 15.6x | 2.4x | 17.8% | 8.8x |
| NTPC LimitedNTPC | ₹3.3 L Cr | 16.4x | 2.0x | 12.1% | 10.0x |
| Oil And Natural Gas Corporation LtdONGC | ₹3.1 L Cr | 9.4x | 0.9x | 13.2% | 4.1x |
| Adani Power LimitedADANIPOWER | ₹2.8 L Cr | 24.6x | 5.8x | 49.1% | 11.4x |
| Adani Enterprises Ltd.ADANIENT | ₹2.5 L Cr | 108.0x | 8.9x | 17.1% | 54.6x |
| Indian Oil Corporation Ltd.IOC | ₹2.2 L Cr | 9.7x | 1.2x | 22.4% | 4.3x |
| Adani Green Energy LimitedADANIGREEN | ₹1.5 L Cr | 127.0x | 10.4x | -7.3% | 163.7x |
| Bharat Petroleum Corpn. Ltd.BPCL | ₹1.5 L Cr | 7.1x | 1.7x | 35.7% | 3.8x |
| Adani Energy Solutions LimitedADANIENSOL | ₹1.1 L Cr | 181.0x | 5.6x | 5.4% | 114.6x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
POWERGRID since 1 January, against earlier years.
Historical volatility
POWERGRID's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 89.0% |
| FY2022 | 86.0% |
| FY2023 | 89.0% |
| FY2024 | 85.0% |
| FY2025 | 86.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹41,431 Cr |
| Costs | |
| Interest | ₹9,479 Cr |
| Expenses | ₹5,907 Cr |
| Operating profitOperating Profit | ₹35,525 Cr |
| Other income and charges | |
| Profit before tax | ₹18,619 Cr |
| Tax | |
| Net profitNet Profit | ₹15,354 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2.6 L Cr |
| Equity capitalEquity Capital | ₹9,301 Cr |
| Reserves | ₹82,915 Cr |
| Borrowings | ₹1.3 L Cr |
| Other liabilitiesOther Liabilities | ₹34,642 Cr |
| AssetsTotal Assets | ₹2.6 L Cr |
| Fixed assetsFixed Assets | ₹1.5 L Cr |
| Capital work in progressCWIP | ₹12,399 Cr |
| Investments | ₹11,312 Cr |
| Other assetsOther Assets | ₹80,522 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹31,357 Cr |
| Investing cash flowCash from Investing Activity | -₹17,897 Cr |
| Financing cash flowCash from Financing Activity | -₹12,357 Cr |
| Change in cashNet Cash Flow | ₹1,103 Cr |
Learn while you research
Academy chapters picked for POWER GRID CORPORATION OF INDIA LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read