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POWERGRID · NSE · Power - Transmission

Power Grid Corporation of India Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Utilities
cheap low confidence No valuation within 120 days; P/E 14.6 vs peers 28.3 (2nd of 10); P/B 2.8 vs peers 4.1 (3rd of 10).
Cheap for a reason: Revenue 1.4% a year over 3 years.
Statements through FY2026Prices adjusted for 2 corporate actionsNot yet reviewed by the adversarial model

What is Power Grid Corporation of India's share price today?

Power Grid Corporation of India last traded at ₹249.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.1% on the day, down 12.9% over a year. Its 52-week range is ₹245 to ₹325. The live price is in the app.

₹249.00 −0.1% today
−12.9% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range5% of the way up
Low ₹245High ₹325

What is Power Grid Corporation of India's market cap?

Power Grid Corporation of India's market capitalisation is about ₹2.32 lakh crore: what it would cost to buy every share at today's price. That makes it the 36th largest large cap company we cover.

₹2.3 L Cr Large Cap36th largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: POWERGRID
ISIN
INE752E01010
Cap bucket
Large Cap, 36th largest by market cap
Industry (NSE)
Utilities › Power › Power - Transmission
Listed since
2007
Futures and options
Traded

Is Power Grid Corporation of India overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 14.6 vs peers 28.3 (2nd of 10); P/B 2.8 vs peers 4.1 (3rd of 10). Cheap for a reason: revenue 1.4% a year over 3 years.

Valuation

Latest price and trailing 12 months
P/E 14.57
vs peers 28.3 · 2nd of 10
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 2.76
vs peers 4.1 · 3rd of 10
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹2.32 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 3.0%
vs peers 1.5% · 1st of 6
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 28.57
vs peers 18.2 · 4th of 5
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 13.37
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Power Grid Corporation of India a quality business?

Quality score 61.4, 3rd of 10 in its peer set; WATCH on 26 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 61.4
vs peers 56.5 · 3rd of 10
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
26 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 16.6%
vs peers 7.0% · 2nd of 10
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 9.7%
vs peers 7.4% · 3rd of 10
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 32.6%
vs peers 12.3% · 1st of 10
Profit after everything, as a share of revenue. Learn more →
EPS ₹17.13
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Power Grid Corporation of India made money for shareholders?

Mixed: −12.9% over one year and +12.8% a year over five years.

Shareholder returns

1-year return −12.9%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +12.8% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−3.0%
1M
−5.2%
3M
−12.9%
6M
−17.1%
1Y
−12.9%
3Y
+8.8%
5Y
+12.8%

Does Power Grid Corporation of India pay a dividend?

Yes. Power Grid Corporation of India's dividend yield is 3.04% at the latest price; the last payout was ₹1.25 a share, ex-dividend 13 Aug 2026.

Dividends

Per share, by ex-dividend date
Dividend yield3.04%
The past 12 months' dividends as a share of today's price.
13 Aug 2026 · Final₹1.25
9 Feb 2026 · Interim 2₹3.25
10 Nov 2025 · Interim 1₹4.50
19 Aug 2025 · Final₹1.25
7 Feb 2025 · Interim 2₹3.25
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Power Grid Corporation of India growing?

Revenue 3 years 1.4% a year; profit 3 years 1.1% a year; revenue 5 years 1.0% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 1.4% a year
vs peers 10.4% · 10th of 10
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 1.1% a year
vs peers 14.9% · 9th of 10
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 1.0% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years -1.1% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 1.1% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 5.8% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -5.5%
vs peers -13.7% · 6th of 9
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Power Grid Corporation of India do last quarter?

Power Grid Corporation of India reported revenue of ₹11,497 Cr, up 2.0% on a year earlier and a net profit of ₹3,598 Cr, up 2.6% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹11,497 Cr
+2.0% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹3,598 Cr
+2.6% on a year earlier
What was left for shareholders after every cost and tax.

How does Power Grid Corporation of India compare with its peers?

Compared with 9 Power (the industry, as the basic industry was too small); 2nd of 10 on P/E; 3rd of 10 on quality score.

Compared with 9 Power (the industry, as the basic industry was too small)

9 companies

Power Grid Corporation of India against its peers

Largest 9 of 9 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Power Grid Corporation of India Ltd₹2.3 L Cr14.62.816.6%9.7%−12.9%
Adani Power Ltd₹3.6 L Cr25.65.722.1%18.0%+22.4%
NTPC Ltd₹3.0 L Cr10.92.113.8%8.3%−8.7%
Adani Green Energy Ltd₹2.1 L Cr120.38.97.0%5.5%+19.4%
Adani Energy Solutions Ltd₹1.5 L Cr51.95.42.8%4.9%+34.6%
Tata Power Company Ltd₹1.1 L Cr28.36.86.1%7.4%−12.5%
JSW Energy Ltd₹84,762 Cr41.23.53.7%4.8%−15.1%
NTPC Green Energy Ltd₹78,028 Cr130.44.12.2%4.1%−6.2%
NHPC Ltd₹73,319 Cr20.71.912.8%7.6%−15.6%
Torrent Power Ltd₹59,894 Cr25.83.514.1%14.7%−7.4%
Peer median—28.34.17.0%7.4%−7.4%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Power Grid Corporation of India?

Power Grid Corporation of India is held by promoters 51.3%, foreign institutions 24.3%, domestic institutions 20.7%.

Shareholding pattern

Latest filing, percent of shares
Promoters51.3%
The founders and controlling group.
Foreign institutions24.3%
Overseas funds investing through the FPI route.
Domestic institutions20.7%
Indian insurers, banks, pension and mutual funds together.
Mutual funds13.6%
Indian mutual fund schemes; part of domestic institutions.
Retail and others2.8%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Power Grid Corporation of India?

26 analysts cover Power Grid Corporation of India, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

26 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Power Grid Corporation of India do and what is it sensitive to?

POWERGRID's principal business is transmission of bulk power across the states of India, with income accounted for on tariff orders notified by the CERC. Sensitive to: interest rates on floating-rate long-term borrowings.

Business-model card

FY2025 · 39 verified
4Revenue
4Channels
3Regulators
4Reg. dependencies
4Sensitivities
3Costs
4Geographies

POWERGRID's principal business is transmission of bulk power across the states of India, with income accounted for on tariff orders notified by the CERC. It also sells consultancy services and telecom bandwidth leasing over spare optical fibre on its transmission network.

Revenue by segment

year ended March 31, 2025 (consolidated; from the segment table with Telecom and inter-segment lines, in chunk 7)
Transmission95.2%
Consultancy2.4%
Telecom2.4%

Revenue engine

4 verified
Transmission Services
Principal business: transmission of bulk power across states. Interpretation: income is set by CERC-notified tariff orders, so revenue follows approved tariffs rather than volumes sold.
TBCB transmission project wins
Projects won through tariff-based competitive bidding, with stated annual tariff value. Interpretation: adds to future transmission tariff income once commissioned.
Consultancy Services
Consultancy in transmission, distribution and telecom sectors, including planning, engineering, load dispatch, O&M, financing and project management. Revenue share not stated.
1 more statement
Telecom Services (OPGW bandwidth leasing)
Uses spare optical fibres in the Optical Ground Wire on the transmission network to lease point-to-point bandwidth as a neutral carrier. Stated telecom revenue is ₹1,128 crore.

Customers & channels

4 verified
State power utilities, DISCOMs, private entities and CPSEs (domestic consultancy)
Consultancy buyers in India. Interpretation: these are the counterparties whose tariff and procurement decisions drive consultancy demand.
Telecom bandwidth buyers
Telecom services are sold to other telecom operators, OTT players, IT companies, government departments, CPSEs and ISPs.
Energy developers and bulk consumers under BOOM model
Target buyers for transmission projects built under the Build, Own, Operate and Maintain model.
1 more statement
No single dominant customer
Interpretation: revenue is spread across customers, since none reaches 10% of total revenue.

Regulators

3 verified
Central Electricity Regulatory Commission (CERC)
Notifies transmission tariff orders and tariff regulations that set the company's transmission income.
Ministry of Power / Electricity Act 2003 framework
Electricity Act, 2003 and rules and regulations made under it are stated as laws specifically applicable to the company's sector.
Department of Investment and Public Asset Management (DIPAM), Ministry of Finance
Issues capital restructuring guidelines applicable to the company as a CPSE.

Regulatory dependencies

4 verified
CERC tariff regulations 2024 (depreciation and useful life)
Changes depreciation method, rate and useful life for assets commissioned from 1 April 2024. Interpretation: this moves the depreciation charge and, through tariff, the income base for new assets.
CERC tariff orders and provisional accounting
Income is booked on tariff orders; where final orders are pending, income is accrued provisionally and the difference is booked when final orders issue. Interpretation: a tariff change moves reported revenue when the order is finalised.
Transmission tariff regulation and currency exposure
Transmission tariff is regulated by CERC while foreign-currency borrowings are unhedged. Interpretation: FX movements on these borrowings reach the cost base, and the excerpt does not state how tariffs recover them.
1 more statement
Depreciation step-down on aged assets
Depreciation fell as assets completed 12 years of life. Interpretation: depreciation cost changes with the asset age profile and new capitalisation.

Sensitivities

4 verified
Interest rates on floating-rate long-term borrowings
Interpretation: rising rates raise finance cost on the floating-rate portion of debt; falling rates lower it.
Finance cost trend
Finance costs rose 4.78% year on year, driven by loans to subsidiaries/JVs, domestic borrowing cost and working capital loans.
Foreign exchange rate variation
Other expenses rose on higher forex variation. Interpretation: rupee weakness against foreign-currency borrowings increases expense.
1 more statement
Private competition in TBCB bidding
Private players compete for ISTS projects. Interpretation: more competitive bids lower the number of projects won or pressure the bid tariff.

Cost inputs

3 verified
Employee costs
Salary, DA, HRA, medical and leave encashment; rising with new capitalised transmission assets and pay revisions.
Equipment procurement (transformers and reactors)
Bulk procurement of high-value equipment is a stated cost optimisation lever; modular substation design is also used.
Borrowings (foreign-currency, unhedged)
Foreign-currency borrowings not hedged by derivatives are reported in the currency-risk note. Interpretation: these carry FX-driven repayment cost.

Geographies

4 verified
India (domestic external revenue)
Revenue from external customers in India, the core transmission and consultancy market.
Outside India
Small overseas revenue line from international consultancy.
International consultancy footprint
Footprint in 24 countries as of 31 March 2025, with one new country (Oman) added during the year and 16 assignments in execution.
1 more statement
Cross-border grid connectivity
Interconnection projects with neighbouring countries, with a Nepal agreement for two 400 kV interconnections via JVs.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Dividend - Rs 1.25 Per Share (13 Aug 2026).

Change log

8 entries · newest first
  1. Corporate actionDividend - Rs 1.25 Per Share.
  2. Results filedQ1 FY2027 results filed.
  3. Results filedQ4 FY2026 results filed.
  4. Corporate actionInterim Dividend - Rs 3.25 Per Share.
  5. Results filedQ3 FY2026 results filed.
  6. Corporate actionInterim Dividend - Rs 4.50 Per Share.
  7. Results filedQ2 FY2026 results filed.
  8. Corporate actionDividend - Rs 1.25 Per Share.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsWATCH on 26 of 30 flags judged; 1 red; 4 could not be judged.
  • Data gapsBusiness quality: not available yet.
Not applicable to this company · 1
  • Altman ZAltman Z is a manufacturing model; a service business has no inventory or plant turnover for it to read.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓228 months of month-end prices, adjusted for bonuses and splits (2 corporate actions)○no valuation of ours yet✓business-model card FY2025 · 39 verified

Questions people ask

What is Power Grid Corporation of India's share price today?

Power Grid Corporation of India last traded at ₹249.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.1% on the day, down 12.9% over a year. Its 52-week range is ₹245 to ₹325. The live price is in the app.

What is Power Grid Corporation of India's market cap?

Power Grid Corporation of India's market capitalisation is about ₹2.32 lakh crore: what it would cost to buy every share at today's price. That makes it the 36th largest large cap company we cover.

Is Power Grid Corporation of India Ltd a large cap, mid cap or small cap?

Power Grid Corporation of India Ltd (POWERGRID) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Power Grid Corporation of India Ltd's P/E ratio?

14.57, vs peers 28.3 · 2nd of 10. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Power Grid Corporation of India Ltd overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 14.6 vs peers 28.3 (2nd of 10); P/B 2.8 vs peers 4.1 (3rd of 10). Cheap for a reason: revenue 1.4% a year over 3 years.

How does Power Grid Corporation of India Ltd make money?

POWERGRID's principal business is transmission of bulk power across the states of India, with income accounted for on tariff orders notified by the CERC. It also sells consultancy services and telecom bandwidth leasing over spare optical fibre on its transmission network.

Who are Power Grid Corporation of India Ltd's peers?

Compared with 9 Power (the industry, as the basic industry was too small): Adani Power Ltd, NTPC Ltd, Adani Green Energy Ltd, Adani Energy Solutions Ltd, Tata Power Company Ltd and 4 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Power Grid Corporation of India do last quarter?

Power Grid Corporation of India reported revenue of ₹11,497 Cr, up 2.0% on a year earlier and a net profit of ₹3,598 Cr, up 2.6% in the Jun 2026 quarter.

Who owns Power Grid Corporation of India?

Power Grid Corporation of India is held by promoters 51.3%, foreign institutions 24.3%, domestic institutions 20.7%.

Does Power Grid Corporation of India pay a dividend?

Yes. Power Grid Corporation of India's dividend yield is 3.04% at the latest price; the last payout was ₹1.25 a share, ex-dividend 13 Aug 2026.

What do analysts say about Power Grid Corporation of India?

26 analysts cover Power Grid Corporation of India, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Power Grid Corporation of India, and 6,621 other companies, with 212 filters and the full peer tables

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