āagman

Not investment advice. Data and computed figures, for information only.

Power Grid Corporation of India Ltd

NSE: POWERGRIDF&O
₹250.45
+₹0.60 (+0.24%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹2,31,725 Cr
CMP
₹250.45
52-wk High / Low
₹325 / 245
P/E
14.6
P/B
2.3
Book Value
₹108.0
Div Yield
3.61%
ROCE
9.0%
ROE
15.3%
Face Value
₹10
D/E
1.47

Price−12.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹204
√(22.5 × EPS × book value per share)
ROIC
8.0%
vs 5.8% sector median
Cash flow to profit
2.57
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+72
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.2%
ROE × earnings retention ratio
ROE stability
2.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.69DII +0.57
Latest quarter vs the previous one
Cash-accrual divergence
−8.9%
of assets
Low = accruals track cash flow
Strengths
+Annualised volatility of 20.6% is in the low band (≤25%)
+PE of 14.6x is below the sector median of 25.7x
Watch-outs
−Borrowings are up 36.4% since FY2016 (108545 to 148071)
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales11,04811,26711,55011,97811,00611,27811,23312,27511,19611,47612,39511,66611,497
Expenses1,7161,5571,3752,0551,4661,6811,7002,0812,0942,4211,7886,3632,066
Operating Profit9,3329,71010,1759,9239,5409,5979,53310,1949,1029,05510,6075,3039,430
OPM %84.5%86.2%88.1%82.8%86.7%85.1%84.9%83.0%81.3%78.9%85.6%45.5%82.0%
Other Income209263380389302814552366461712463322202
Interest2,0572,3412,4461,9282,0392,4411,9172,3031,9342,1482,1902,1752,023
Depreciation3,2663,2773,2933,2593,2003,2923,2163,1963,1303,2233,3813,2953,128
Profit before tax4,2184,3554,8165,1254,6034,6784,9525,0624,4994,3955,4971554,481
Net Profit3,5973,7814,0284,1663,7243,7933,8624,1433,6313,5664,1854,5463,598
EPS (₹)3.874.074.334.484.004.084.154.453.903.834.504.893.87

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales17,54020,65225,69729,95435,05937,74439,64041,62245,58145,84345,79246,73347,033
Expenses2,6132,4683,2473,9938,1404,8584,7345,7967,0016,5997,01313,90112,639
Operating Profit14,92718,18422,45025,96126,92032,88634,90635,82638,58039,24438,77932,83134,395
OPM %85.1%88.0%87.4%86.7%76.8%87.1%88.1%86.1%84.6%85.6%84.7%70.3%73.1%
Other Income7316569334,0651,5052,8207694,6922,0891,1382,1203,1931,698
Interest4,0815,0866,2047,3248,7379,5098,1358,0369,6348,7738,7008,4488,536
Depreciation5,1736,1827,7229,23110,54111,60712,03912,87213,33313,09512,90413,03013,028
Profit before tax6,4047,5729,45713,4719,14714,59015,50119,61017,70218,51419,29414,54714,529
Net Profit5,0465,9597,4518,20410,03411,05912,03616,82415,41715,57315,52115,92815,896
EPS (₹)5.436.418.018.8210.7911.8912.9418.0916.5816.7416.6917.1317.09

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital5,2325,2325,2325,2325,2325,2325,2326,9756,9759,3019,3019,301—
Reserves33,20738,73844,63449,19453,85759,46464,70469,27276,03977,84583,36291,193—
Borrowings96,2431,08,5451,18,9881,31,5031,46,3761,48,2701,43,2321,34,6961,26,6611,23,5161,31,0301,48,071—
Other Liabilities26,10226,79726,80939,42541,91643,70642,53940,00840,62740,16842,32646,109—
Total Liabilities1,60,7841,79,3121,95,6622,25,3542,47,3802,56,6712,55,7082,50,9502,50,3032,50,8292,66,0192,94,674—
Fixed Assets91,1911,15,0941,37,6781,56,1981,72,7401,81,1121,83,7261,91,7731,85,4371,77,7611,72,3201,76,531—
CWIP53,68145,61138,26437,66937,63135,17724,83812,85413,77218,19733,58543,747—
Investments2209191,1651,2241,2961,4311,4863,7883,4894,1633,1172,995—
Other Assets15,69317,68818,55530,26435,71338,95145,65942,53647,60450,70856,99871,401—
Total Assets1,60,7841,79,3121,95,6622,25,3542,47,3802,56,6712,55,7082,50,9502,50,3032,50,8292,66,0192,94,674—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity15,22315,80015,00821,57522,71023,27130,73929,40326,12438,00537,29036,22240,935
Cash from Investing Activity−26,639−24,185−21,576−23,836−25,701−18,727−10,733−9,244753−6,126−13,114−23,532−35,445
Cash from Financing Activity13,7126,3995,6213,9591,285−2,431−18,806−20,521−28,967−29,264−25,903−12,357−4,006
Net Cash Flow2,295−1,986−9481,698−1,7072,1131,199−362−2,0912,615−1,7283331,484

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.08.09.010.010.09.011.012.011.013.013.013.09.0
ROE %————————————15.3
EPS (₹)4.895.436.418.018.8210.7911.8912.9418.0916.5816.7416.6917.13
Book Value (₹)————————————108.0
Face Value (₹)————————————10
P/E————————————14.6
Div Yield %————————————3.61
NPM %29.227.628.028.024.127.427.329.836.332.333.132.431.9
OPM %83.085.088.087.087.077.087.088.086.085.086.085.070.0
D/E2.432.502.472.392.422.482.292.051.771.531.421.411.47
P/B————————————2.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+9.0%
5 years+3.0%
3 years+1.0%
TTM+2.0%
Compounded profit growth
10 years+9.0%
5 years+3.0%
3 years−2.0%
TTM+3.0%
Stock price CAGR
10 years+10.0%
5 years+11.0%
3 years+7.0%
Last year−14.0%
Return on equity
10 years17.0%
5 years18.0%
3 years17.0%
Last year15.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters57.90%57.90%56.91%55.37%51.34%51.34%51.34%51.34%51.34%51.34%51.34%51.34%
FIIs26.72%26.72%21.31%25.51%27.02%28.39%29.35%32.30%29.82%26.79%25.02%24.33%
DIIs8.48%8.48%15.77%14.58%16.65%13.77%16.02%13.39%15.26%18.30%20.05%20.62%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.08%0.08%
Public6.91%6.91%6.01%4.55%4.99%6.50%3.29%2.99%3.58%3.52%3.51%3.63%
No. of shareholders6,71,2776,71,2775,98,2445,62,3635,56,3215,91,5858,04,1528,02,61911,00,85013,83,98613,35,90913,51,868
Change since Jun 2023 (pp)
Promoters −6.56FIIs −2.39DIIs +12.14Public −3.28

Documents

As of 11 Oct 2026
Announcements
Commissioning Of Project Namely 'Transmission Scheme For Solar Energy Zone In Bidar (2500 MW), Karnataka (TBCB)'.Announcement under Regulation 30 (LODR)-Change in ManagementAnnouncement under Regulation 30 (LODR)-Change in DirectorateBoard Meeting Outcome for Appointment Of Shri Akhilesh Pathak, (DIN: 10830950) As Director (Projects) On The Board Of POWERGRIDBoard Meeting Outcome for Outcome Of The Board Meeting Held On 26Th September, 2026.
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTApr 2026TranscriptApr 2026PPTApr 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 13 Aug 2026
13 Aug 2026DIVIDENDDividend - Rs 1.25 Per Share—
9 Feb 2026DIVIDENDInterim Dividend - Rs 3.25 Per Share—
10 Nov 2025DIVIDENDInterim Dividend - Rs 4.50 Per Share—
19 Aug 2025DIVIDENDDividend - Rs 1.25 Per Share—
7 Feb 2025DIVIDENDInterim Dividend - Rs 3.25 Per Share—
14 Nov 2024DIVIDENDInterim Dividend - Rs 4.50 Per Share—
16 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 2.75 Per Share—
15 Feb 2024DIVIDENDInterim Dividend - Rs 4.50 Per Share—
16 Nov 2023DIVIDENDInterim Dividend - Rs 4 Per Share—
12 Sep 2023BONUSBonus 1:3—
8 Aug 2023DIVIDENDDividend - Rs 4.75 Per Share—
8 Feb 2023DIVIDENDInterim Dividend - Rs 5 Per Share—
14 Nov 2022DIVIDENDInterim Dividend - Rs 5 Per Share—
19 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2.25 Per Share—
16 Feb 2022DIVIDENDInterim Dividend - Rs 5.50 Per Share—
22 Dec 2021DIVIDENDInterim Dividend - Rs 4 Per Share/ Special Dividend - Rs 3 Per Share—
8 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
29 Jul 2021BONUS Bonus 1:3—
8 Mar 2021DIVIDEND Interim Dividend - Rs 4 Per Share—
17 Dec 2020DIVIDEND Interim Dividend - Rs 5 Per Share—
2 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 4.04 Per Share—
16 Mar 2020DIVIDEND Interim Dividend - Rs 5.96 Per Share—
19 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 2.50 Per Share—
14 Mar 2019DIVIDEND Interim Dividend - Rs 5.83 Per Share—
10 Sep 2018DIVIDEND Annual General Meeting/Dividend Rs 2.80 Per Share—
8 Feb 2018DIVIDEND Interim Dividend Rs 2.45 Per Share (Purpose Revised)—
11 Sep 2017DIVIDEND Dividend - Rs 3.35 Per Share—
16 Feb 2017DIVIDEND Interim Dividend Re 1/- Per Share (Purpose Revised)—
8 Sep 2016DIVIDEND Dividend - Rs 1.51 Per Share—
3 Feb 2016DIVIDEND Interim Dividend - Re 0.80/- Per Share (Purpose Revised)—
7 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 1.31/- Per Share—
9 Mar 2015DIVIDENDInterim Dividend - Re 0.69/- Per Share (Purpose Revised)—
4 Sep 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 1.31/- Per Share—
4 Mar 2014DIVIDENDInterim Dividend Rs.1.27 Per Share(Purpose Revised)—
5 Sep 2013DIVIDENDAnnual General Meeting / Dividend - Rs 1.14 Per Share—
15 Feb 2013DIVIDENDInterim Dividend Rs 1.61 Per Share (Purpose Revised)—
5 Sep 2012DIVIDENDAnnual General Meeting/Dividend Re 1.31 Per Share—
13 Feb 2012DIVIDENDInterim Dividend Re.0.80 Per Share (Purpose Revised)—
6 Sep 2011DIVIDENDDividend-Rs.1.25 Per Share—
11 Feb 2011DIVIDENDInterim Dividend-Re.0.50 Per Share (Purpose Revised)—
7 Sep 2010DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman