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Power Grid Corporation of India Ltd (POWERGRID)

₹332.22.65%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 21 analysts

HOLD

59.09%

Buy

4.55%

Hold

36.36%

Sell

Based on 21 analysts offering long term price targets for Power Grid Corporation of India Ltd. An average target of ₹307.95

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

    ₹331
    ₹341.85
  • 52 Week's Low

    52 Week's High

    ₹179.81
    ₹348.75
1 Month Return+ 2.36 %
3 Month Return+ 17.12 %
1 Year Return+ 81.34 %
Previous Close₹341.25
Open₹339.55
Volume1.29Cr
Upper Circuit-
Lower Circuit-
Market Cap₹3,17,383.11Cr

Key Statistics

P/E Ratio19.84
PEG Ratio17.41
Market Cap₹3,17,383.11 Cr
P/B Ratio1.9
EPS10.7886151423107

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth6.28%
HDFC Flexi Cap Fund -Direct Plan - Growth OptionHDFC Flexi Cap Fund -Direct Plan - Growth Option1.46%
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth1.12%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth1.23%
SBI Dividend Yield Fund Direct GrowthSBI Dividend Yield Fund Direct Growth5.4%

Company Information

Power Grid Corporation of India Ltd (PGCIL) is a Navratna public sector enterprise under the Ministry of Power, Government of India. Incorporated on October 23rd, 1989, PGCIL is India's largest electric utility company and is responsible for the transmission of about 50% of India's total power. The company has operations across the entire power sector value chain, from generation to transmission and distribution.

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: ₹332.20 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹3,17,383.11Cr 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
OrganisationPower Grid Corporation of India Ltd
HeadquartersGurgaon
IndustryPower Generation & Distribution
E-voting on sharesClick here to vote

Key events for Power Grid Corporation of India Ltd

  • 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.

  • Power Grid Corporation of India Ltd Shares Gain 40% in Last Six Months - 23 Jun, 2024

    Power Grid Corporation of India Ltd will oversee the construction of essential infrastructure for an offshore wind energy project and establish a State Transmission Asset Management Centre in Odisha. The company's shares have gained 40% over the last six months and 69% over the last 12 months, closing at Rs 325.80 per share on Friday.

  • PowerGrid Board Approves Investment Proposals Worth Rs 810 Crore - 21 Jun, 2024

    Power Grid Corporation of India's board has given in-principle approval for the formation of a joint venture with Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) for the development of intra-state transmission system in Rajasthan. The board also approved investment proposals worth Rs 810 crore, including upgrading facilities in Madhya Pradesh and Kurnool. Additionally, POWERGRID's corporate communications team was recognized as one of India's top 30 corporate communications teams.

  • Goldman Sachs Maintains Buy on Power Grid with Target of Rs 355 - 20 Jun, 2024

    Global brokerage Goldman Sachs expects Gujarat's grid capital expenditure to rise four times from the 10-year average and more states to follow. The firm maintained a buy rating on Power Grid Corporation of India Ltd and set a target price of Rs 355 per share.

  • PGCIL Stock Rises on Goldman Sachs Report and NHPTL Approval - 18 Jun, 2024

    Power Grid Corporation of India Ltd's stock rose by 3% following a favourable report from Goldman Sachs projecting it as a major beneficiary of significant capital expenditure requirements in Gujarat. Additionally, National High Power Test Laboratory Pvt. Ltd approved the transfer of 1 crore shares from NTPC Limited to Power Grid Corporation of India Limited.

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.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, POWERGRID stock has moved up by 40.1%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 11.25K Cr → 12.36K Cr (in ₹), with an average increase of 3.1% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 3.59K Cr → 4.16K Cr (in ₹), with an average increase of 4.8% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 3.56% to 3.60% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 10.91% to 11.61% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, NHPC Ltd has given 314.3% return, outperforming this stock by 159.0%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 51.34% of holdings in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, NHPC Ltd has given 119.8% return, outperforming this stock by 38.5%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 29.83% to 28.73% in Jun 2024 quarter

News

Iraq and Turkiye launch new power grid connection

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani inaugurated the new Iraq-Turkiye power grid connection project on Sunday, according to a statement fro... Read more

21 Jul, 2024 01:08 PM

Aggreko successfully provides 20 MW of power to GPA grid

Stabilizing the island’s power grid just got a little easier as the Aggreko generators have successfully been commissioned, dispatching 20 megawatts of power in... Read more

21 Jul, 2024 03:00 PM

These Two U.S. Cities Are The Most Vulnerable To Severe Space Weather

Washington DC and Milwaukee power grids are the most at risk from space weather, and there is the potential for widespread infrastructure damage, says new resea... Read more

21 Jul, 2024 03:30 PM
View More

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹11,978.11Cr
↑3.71%
Net Income
₹4,166.33Cr
↑3.43%
Net Profit Margin
34.78%
↓0.29%
2023Y/Y Change
Revenue
₹45,581.28Cr
↑9.51%
Net Income
₹15,417.12Cr
↓8.36%
Net Profit Margin
33.82%
↓16.33%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹2,62,323.74Cr
↑0.16%
Total Liabilities
₹1,79,490.78Cr
↓3.38%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹35,268.25Cr
↑43.13%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
51.34%
0.00
Foreign Institutions
28.73%
-3.68
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

  • Overview

  • Trends

Lowest (6.98x)

March 18, 2020

Today (19.84x)

July 19, 2024

Industry (29.65x)

July 19, 2024

Highest (20.67x)

July 10, 2024

LowHigh

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 Results
  • Power 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 3.99%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

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 ₹332.2

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 ₹341.85.
  • Today’s lowest price of Power Grid Corporation of India Ltd is ₹331.

PE Ratio of Power Grid Corporation of India Ltd is 19.84

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 1.29Cr.

Today’s market capitalisation of Power Grid Corporation of India Ltd(POWERGRID) is ₹317383.11Cr.

Power Grid Corporation of India Ltd(POWERGRIDPrice
52 Week High
₹348.75
52 Week Low
₹179.81

Power Grid Corporation of India Ltd(POWERGRID) share price is ₹332.2. It is down -4.75% from its 52 Week High price of ₹348.75

Power Grid Corporation of India Ltd(POWERGRID) share price is ₹332.2. It is up 84.75% from its 52 Week Low price of ₹179.81

Power Grid Corporation of India Ltd(POWERGRIDReturns
1 Day Returns
-9.05%
1 Month Returns
2.36%
3 Month Returns
17.12%
1 Year Returns
81.34%