Power Grid Corporation of India Ltd (POWERGRID)
₹337.15▲0.87%
Analyst Rating
based on 22 analysts
59.09%
Buy
4.55%
Hold
36.36%
Sell
Based on 22 analysts offering long term price targets for Power Grid Corporation of India Ltd. An average target of ₹306.64
Source: S&P Global Market Intelligence
Power Grid Corporation of India Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹330.3₹338.852 Week's Low
52 Week's High
₹179.81₹348.75
| Returns % | |
| 1 Month Return | + 0.39 % |
| 3 Month Return | + 15.1 % |
| 1 Year Return | + 80.1 % |
| Market Stats | |
| Previous Close | ₹334.25 |
| Open | ₹330.90 |
| Volume | 1.26Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹3,10,872.68Cr |
Key Statistics
| P/E Ratio | 19.97 |
| PEG Ratio | 17.52 |
| Market Cap | ₹3,10,872.68 Cr |
| P/B Ratio | 1.9 |
| EPS | 10.7886151423107 |
Peer Comparison
Company Information
The company's top products include high voltage transmission lines, substations, telecom systems and equipment, and automation systems. PGCIL is also responsible for the development of India's national power grid and is the country's largest transmission utility. It has popular brands such as the National Load Dispatch Centre, Power System Operation Corporation, and the Regional Load Dispatch Centres.
Share Price: ₹337.15 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹3,10,872.68Cr as of today
Revenue: ₹11,978.11Cr as on March 2024 (Q1 24)
Net Profit: ₹4,166.33Cr as on March 2024 (Q1 24)
Listing date: 05 Oct, 2007
Chairperson Name: R. K. Tyagi
| Organisation | Power Grid Corporation of India Ltd |
| Headquarters | Gurgaon |
| Industry | Power Generation & Distribution |
| E-voting on shares | Click here to vote |
Key events for Power Grid Corporation of India Ltd
Power Grid Among Major Losers in Stock Market - 23 Jul, 2024
Power Grid Corporation of India Ltd was among the major losers in the stock market on July 23, 2024.
Fisdom Recommends Power Grid Corporation of India Ltd as Top Stock to Watch - 22 Jul, 2024
According to Fisdom, Power Grid Corporation of India Ltd is among the top stocks to watch due to likely increase in capex spending. No specific details were provided.
Power Grid Corp. of India Sees Strong Returns and High Valuations - 17 Jul, 2024
Power Grid Corporation of India has seen a total shareholder return of 293% in the last five years, largely due to its dividend payments. However, current valuations are high given an expected ROE of 10-12%.
Power Grid Awards Major Transmission Projects - 16 Jul, 2024
Power Grid Corporation of India Ltd has awarded two major 765kV high-voltage transmission projects to Hartek Group. JM Financials' top stock picks highlight an enhanced focus on T&D capex that should benefit Power Grid.
Power Grid Corp Places Order Worth Rs 490 Crore with GE T&D India - 15 Jul, 2024
Power Grid Corporation of India has placed an order worth Rs 490 crore with GE T&D India for the supply, installation, testing, commissioning and maintenance of SCADA/EMS control centres. The order is expected to be completed by January 2026.
Power Grid Board Approves Borrowing Plan - 11 Jul, 2024
State-owned Power Grid Corporation of India Ltd plans to raise funds worth Rs 16,000 crore in FY25-26 through bond issuance and increase its borrowing limit from Rs 12,000 crore to Rs 15,000 crore for FY24-25.
Power Grid Increases Borrowing Limit for FY25 - 10 Jul, 2024
State-owned Power Grid Corporation has increased the borrowing limit from Rs 12,000 crore to Rs 15,000 crore for FY25. The company also plans to raise up to Rs 16,000 crore in FY26 through various sources including domestic bonds. Additionally, Power Grid inaugurated a new Vishram Sadan at RIMS Ranchi as part of its social responsibility efforts.
Power Grid Corp. Plans to Raise Funds Through Borrowing - 08 Jul, 2024
The Board of Power Grid Corporation of India will meet on July 10 to discuss the proposal of fund raising and increasing borrowing limits for FY25. The company plans to borrow up to Rs 16,000 crore in FY26 through various sources including domestic bonds.
Power Grid Corp. Plans to Raise Funds Through Domestic Bonds - 05 Jul, 2024
The Board of Power Grid Corporation of India will meet on July 10 to discuss borrowing funds of upto Rs.16,000 crore during the financial year (FY) 2025-26 through various sources including Domestic Bonds and enhancing current borrowing limits from existing Rs.12,000 crore to Rs.15,000 crore for FY24-25.
Power Grid Outperforms Sensex in H1 2024 - 04 Jul, 2024
Power Grid Corporation of India Ltd's stock has surged by 15-75% in the first half of 2024, outperforming Sensex. Technical analyst Chandan Taparia suggests buying with a target price of ₹352.
New Appointment at Power Grid Corp; Focus on JV for Investments - 02 Jul, 2024
Power Grid Corporation appoints Akhilesh Pathak as the new Chief General Manager of SRTS-I. The company's Executive Director, Manju Gupta, suggests forming JVs with state utilities to enhance transmission investments.
India and Sri Lanka to Fast-Track Talks on Power Grid Link - 28 Jun, 2024
India is expediting talks with Sri Lanka to establish a power grid link between the two countries for electricity trading, particularly renewable energy. The state-owned Power Grid Corporation of India aims to sign an MoU with Ceylon Electricity Board. The project will involve overhead and under-sea cables.
Ramky Infra Wins Orders Worth Rs 131.19 Crore from Power Grid Corp - 27 Jun, 2024
Powergrid Energy Services, a subsidiary of Power Grid Corporation of India, has awarded Ramky Infrastructure two contracts worth Rs 131.19 crore for supply of plant contract and installation services contract for loss reduction work under the Revamped Distribution Sector Scheme in Leh district.
Power Grid to Implement ISTS Schemes for Renewable Energy - 25 Jun, 2024
The Indian government has approved new Inter State Transmission System (ISTS) schemes worth Rs. 13,595 crore to evacuate a total of 9 GW of renewable energy power from Rajasthan and Karnataka. Power Grid Corporation of India Limited will implement the projects as part of the nation's goal to achieve 500 GW of RE capacity by 2030.
Insights on Power Grid Corporation of India Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 4 quarters, 11.25K Cr → 12.36K Cr (in ₹), with an average increase of 3.1% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 10.91% to 11.61% in Jun 2024 quarter
- POSITIVE IMPACT
Price Rise
In the last 6 months, POWERGRID stock has moved up by 35.8%
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 4 quarters, 3.59K Cr → 4.16K Cr (in ₹), with an average increase of 4.8% per quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 3.56% to 3.60% in Jun 2024 quarter
NO EFFECTAgainst Peers
In the last 3 years, NHPC Ltd has given 302.9% return, outperforming this stock by 147.5%
- NO EFFECT
Against Peers
In the last 1 year, NHPC Ltd has given 107.9% return, outperforming this stock by 27.8%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 51.34% of holdings in Jun 2024 quarter
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 29.83% to 28.73% in Jun 2024 quarter
News
Research and Development for Replacement of Coal
After studies, it has been established that 5% to 10% of biomass can be safely co-fired with coal in Thermal Power Plants (TPPs) without any adverse impact on th... Read more
24 Jul, 2024 05:49 PMGovernment Boosts R&D Funding for Coal Technologies with Rs. 21 Crore Allocation for 2024-25
Government has given high thrust on Research & Development (R&D) in coal technologies for improvement in existing uses and also in futuristic fields for div... Read more
24 Jul, 2024 05:50 PMR&D in Coal Technologies
R&D in Coal Technologies By PIB Delhi The government has given high thrust on Research & Development (R&D) in coal technologies for improvement in exist... Read more
24 Jul, 2024 06:33 PMCompany Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹11,978.11Cr | ↑3.71% |
Net Income | ₹4,166.33Cr | ↑3.43% |
Net Profit Margin | 34.78% | ↓0.29% |
| 2023 | Y/Y Change | |
|---|---|---|
Revenue | ₹45,581.28Cr | ↑9.51% |
Net Income | ₹15,417.12Cr | ↓8.36% |
Net Profit Margin | 33.82% | ↓16.33% |
| 2023 | Y/Y Change | |
|---|---|---|
Total Assets | ₹2,62,323.74Cr | ↑0.16% |
Total Liabilities | ₹1,79,490.78Cr | ↓3.38% |
| 2023 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹35,268.25Cr | ↑43.13% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 51.34% | 0.00 | |
| Foreign Institutions | 28.73% | ||
| Mutual Funds | 11.61% | 6.40 | |
| Retail Investors | 3.6% | 1.37 | |
| Others | 4.72% | 8.04 |
Key Indicators
Power Grid Corporation of India Ltd Valuation
Power Grid Corporation of India Ltd in the last 5 years
Lowest (6.98x)
March 18, 2020
Today (19.97x)
July 23, 2024
Industry (29.31x)
July 23, 2024
Highest (20.67x)
July 10, 2024
Earnings and Dividends
Power Grid Corporation of India Ltd Earnings Results
Power Grid Corporation of India Ltd’s net profit fell -3.62% since last year same period to ₹4,166.33Cr in the Q4 2023-2024. On a quarterly growth basis, Power Grid Corporation of India Ltd has generated 3.43% jump in its net profits since last 3-months.
Read More about Earnings ResultsPower Grid Corporation of India Ltd Dividends February,2024
In the quarter ending December 2023, Power Grid Corporation of India Ltd has declared dividend of ₹4.50 - translating a dividend yield of 3.96%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Power Grid Corporation of India Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Power Grid Corporation of India Ltd (POWERGRID) share price today is ₹337.15
Power Grid Corporation of India Ltd is listed on NSE
Power Grid Corporation of India Ltd is listed on BSE
- Today’s highest price of Power Grid Corporation of India Ltd is ₹338.8.
- Today’s lowest price of Power Grid Corporation of India Ltd is ₹330.3.
PE Ratio of Power Grid Corporation of India Ltd is 19.97
PE ratio = Power Grid Corporation of India Ltd Market price per share / Power Grid Corporation of India Ltd Earnings per share
Today’s traded volume of Power Grid Corporation of India Ltd(POWERGRID) is 1.26Cr.
Today’s market capitalisation of Power Grid Corporation of India Ltd(POWERGRID) is ₹310872.68Cr.
| Power Grid Corporation of India Ltd(POWERGRID | Price |
|---|---|
52 Week High | ₹348.75 |
52 Week Low | ₹179.81 |
Power Grid Corporation of India Ltd(POWERGRID) share price is ₹337.15. It is down -3.33% from its 52 Week High price of ₹348.75
Power Grid Corporation of India Ltd(POWERGRID) share price is ₹337.15. It is up 87.50% from its 52 Week Low price of ₹179.81
| Power Grid Corporation of India Ltd(POWERGRID | Returns |
|---|---|
1 Day Returns | 2.9% |
1 Month Returns | 0.39% |
3 Month Returns | 15.1% |
1 Year Returns | 80.1% |