Power Grid Corp. Ltd.
NSE: POWERGRID · Power · sector
₹247.00NSE close 2026-10-26
Key numbers
Market cap₹2,29,725 cr
Price₹247.00
52w high / low₹325 / ₹245
P/E14.4xSector median 17.0x
P/B2.3xSector median 1.7x
Book value₹108.0
Dividend yield3.64%Sector median 7.28%
ROE16.5%Sector median 10.5%
ROCE10.6%Sector median 10.9%
OPM81.6%Sector median 27.2%
Debt / equity1.47xSector median 1.22x
EV/EBITDA9.6xSector median 11.1x
Interest cover3.1x
Current ratio0.60x
Sales growth 3y+0.8%Sector median +14.6%
Profit growth 3y+1.1%Sector median +10.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 5 companies in Power (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9,172 cr vs borrowings ₹1,48,009 cr (FY26): borrowings are higher by ₹1,38,837 cr.
- Operating profit covered interest 3.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 6% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹247.00 on 2026-10-26: -24.0% from the 52-week high, +1.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹352.85 · low ₹247.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,278 | 11,233 | 12,275 | 11,196 | 11,476 | 12,395 | 11,666 | 11,497 |
| EBITDA | 9,701 | 9,538 | 10,224 | 9,147 | 9,114 | 10,653 | 9,066 | 9,536 |
| OPM % | 86.0% | 84.9% | 83.3% | 81.7% | 79.4% | 85.9% | 77.7% | 82.9% |
| Other income | 568 | 510 | 315 | 248 | 194 | 204 | 305 | 200 |
| Net profit | 3,793 | 3,862 | 4,143 | 3,631 | 3,566 | 4,185 | 4,546 | 3,598 |
| EPS (₹) | 4.08 | 4.15 | 4.46 | 3.90 | 3.84 | 4.50 | 4.89 | 3.87 |
| Revenue YoY | +1.8% | +10.3% | -5.0% | +2.7% | ||||
| Profit YoY | -6.0% | +8.4% | +9.7% | -0.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 41,616 | 45,581 | 45,843 | 45,792 | 46,733 | 47,033 |
| EBITDA | 39,887 | 39,478 | 39,903 | 39,065 | 37,979 | 38,369 |
| Net profit | 16,824 | 15,417 | 15,573 | 15,521 | 15,928 | 15,896 |
| EPS (₹) | 24.12 | 22.10 | 16.74 | 16.69 | 17.13 | 17.10 |
| Revenue growth | +9.5% | +0.6% | -0.1% | +2.1% | +2.3% | |
| Profit growth | -8.4% | +1.0% | -0.3% | +2.6% | +3.0% | |
| Dividend / share (₹) | 12.50 | 12.25 | 13.25 | 10.50 | 9.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.8% | +3.3% | +2.3% |
| Net profit | +1.1% | +5.8% | +3.0% |
| EPS | -8.1% | -5.7% | – |
| Share price | – | -12.7% (2y) | -12.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 83,015 | 87,145 | 92,663 | 1,00,494 |
| Borrowings | – | 1,26,595 | 1,23,449 | 1,30,965 | 1,48,009 |
| Cash & equivalents | – | 7,385 | 8,103 | 10,077 | 9,172 |
| Total assets | – | 2,50,296 | 2,50,891 | 2,66,107 | 2,94,727 |
| Fixed assets | – | 1,83,777 | 1,76,223 | 1,70,886 | 1,74,970 |
| Capital work in progress | – | 13,741 | 18,082 | 33,269 | 43,654 |
| Investments | – | 1,774 | 1,516 | 1,234 | 1,420 |
| Receivables | – | 12,961 | 11,540 | 7,965 | 11,673 |
| Inventory | – | 1,340 | 1,406 | 1,803 | 2,126 |
| Payables | – | 328 | 371 | 620 | 956 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 26,124 | 38,005 | 37,290 | 36,223 | 40,931 |
| Cash from investing | 753 | -6,126 | -13,114 | -23,533 | -35,305 |
| Cash from financing | -28,967 | -29,264 | -25,903 | -12,357 | -4,006 |
| Capex | 7,966 | 6,903 | 11,404 | 24,134 | 37,279 |
| Free cash flow | 18,157 | 31,102 | 25,886 | 12,089 | 3,651 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.6% | 17.9% | 16.8% | 15.8% |
| ROCE % | – | 13.0% | 13.2% | 12.4% | 10.4% |
| Debtor days | – | 104 | 92 | 63 | 91 |
| Inventory days | – | 11 | 11 | 14 | 17 |
| Payable days | – | 3 | 3 | 5 | 7 |
| Cash conversion cycle (days) | – | 112 | 100 | 72 | 101 |
| Working capital days | – | -30 | -61 | -86 | -160 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.34% |
| FIIs | 24.03% |
| DIIs | 20.91% |
| of which Mutual funds | 12.76% |
| of which Insurance | 6.42% |
| Government | 0.00% |
| Public (non-institutions) | 3.72% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.34% | 51.34% | 51.34% | 51.34% | 51.34% | 51.34% | 51.34% | 51.34% |
| Promoter group | % |
|---|---|
| President of India | 49.40% |
| President of India | 1.94% |
| Public holders above 1% | % |
|---|---|
| LICI NEW PENSION PLUS SECURED FUND & Others | 5.50% |
| Parag Parikh Large CAP Fund | 3.56% |
| SBI Arbitrage Fund | 2.11% |
| Nippon Life India Trustee Ltd-a/c Nippon India IND | 1.88% |
| NPS Trust A/C - HDFC PF NPS Surakshit Income Fund | 1.57% |
| Government of Singapore - E | 1.52% |
| HDFC Trustee Company Limited-hdfc Flexi CAP Fund | 1.38% |
| Isif Active Asset Allocator Long-short Fund | 1.23% |
| UTI Nifty 500 Exchange Traded Fund | 1.15% |
13,55,725 shareholders. Pledged: 0.00% of promoter shares.
Peers in Power
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| POWERGRID | ₹2,29,725 cr | 14.4x | 2.3x | 16.5% | 10.6% | 81.6% | +0.8% | 3.64% |
| ADANIENSOL | ₹1,51,121 cr | 46.0x | 6.0x | 12.3% | 11.3% | 32.2% | +27.6% | – |
| TRIVENIPT | ₹4,802 cr | – | – | – | – | – | – | – |
| PTC | ₹3,987 cr | 7.8x | 0.7x | 8.6% | 13.7% | 4.2% | +1.6% | 10.91% |
| AMPVOLTS | ₹58 cr | 19.5x | 1.1x | 6.0% | 7.0% | 22.2% | +782.8% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Transmission | ₹44,083 cr | 92.6% | ₹26,353 cr | 59.8% |
| Consultancy | ₹2,347 cr | 4.9% | ₹403 cr | 17.2% |
| Telecom | ₹1,195 cr | 2.5% | ₹566 cr | 47.4% |
| Asset held for Sale | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-13 | Dividend | Dividend - Rs 1.25 Per Share |
| 2026-02-09 | Dividend | Interim Dividend - Rs 3.25 Per Share |
| 2025-11-10 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2025-08-19 | Dividend | Dividend - Rs 1.25 Per Share |
| 2025-02-07 | Dividend | Interim Dividend - Rs 3.25 Per Share |
| 2024-11-14 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2024-08-16 | Dividend | Annual General Meeting/Dividend - Rs 2.75 Per Share |
| 2024-02-15 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2023-11-16 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2023-09-12 | Bonus | Bonus 1:3 |
| 2023-08-08 | Dividend | Dividend - Rs 4.75 Per Share |
| 2023-02-08 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2022-11-14 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2022-08-19 | Dividend | Annual General Meeting/Dividend - Rs 2.25 Per Share |
| 2022-02-16 | Dividend | Interim Dividend - Rs 5.50 Per Share |
| 2021-12-22 | Dividend | Interim Dividend - Rs 4 Per Share/ Special Dividend - Rs 3 Per Share |
| 2021-09-08 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2021-07-29 | Bonus | Bonus 1:3 |
| 2021-03-08 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2020-12-17 | Dividend | Interim Dividend - Rs 5 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Transmission of Power: POWERGRID primarily operates in inter-state and intra-state transmission of power in the country
| Sector | Utilities |
| Industry | Power |
| Sub-industry | Power - Transmission |
| Symbol | POWERGRID |
| BSE code | 532898 |
| ISIN | INE752E01010 |
| Face value | ₹10.0 |
| Incorporated | 1989-10-23 |
| Website | www.powergrid.in |
| Plants (India / abroad) | 291 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.