P

Power Grid Corporation of India Limited

POWERGRIDNSE
Market snapshot · 2026-08-12 15:26 UTC

269.45

+₹1.50 (+0.56%)

MARKET CAP

₹2.51L Cr

STOCK P/E

13.2x

52W HIGH

₹324.95

52W LOW

₹250.00

BOOK VALUE

₹108.05

EPS

₹20.42

ROE

SECTOR

Utilities

DEBT/EQUITY

150.81

VOLUME

66.98L

P/B RATIO

2.49x

PEG RATIO

-16.50

Sector

Utilities

Themes

Power Transmission & Distribution
D
Dividend
E
Earnings
₹318.35₹300.90₹283.46₹266.01₹248.56VolumeDEDEDEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Power Grid Corporation of India is an electric power transmission utility operating in India and internationally. Transmission Services drive its core revenue, supported by Telecom Services under POWERTEL and Consultancy Services. Its 180,195 circuit kilometers and 551,961 MVA transformation capacity underpin regulated network scale. Recent ultra-mega EPC awards for 765 kV transmission lines could expand project execution and support future growth. Revenue grew 1.6% year-on-year, while profit increased 2.6%, with stable margins indicating limited operating improvement. ROE is unavailable, while debt-to-equity of 150.81 implies substantial leverage and amplifies leverage impact on shareholder returns. At 13.2 times earnings, the stock appears undervalued versus typical utility valuations. However, high leverage and modest growth leave execution, financing costs, and capital allocation as key open questions.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for POWERGRID.

25.00 analysts

Price Forecast

Current
₹269.45
High Target
₹400.00
▲ +48.5%
Median Target
₹315.00
▲ +16.9%
Low Target
₹277.00
▲ +2.8%
Now₹269.45High ₹400.00Median ₹315.00Low ₹277.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
25 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹241.23 - ₹312.5280%
6M₹232.98 - ₹336.0180%
12M₹224.25 - ₹376.3980%
Realized vol: +20.2% · Drift: +9.6%

Revenue Forecast

₹ Cr
Jun '26Current₹9,795.0
Sep 2026 ETrend estimate range
High₹10,734.5Base₹9,939.3Low₹9,144.2
Sep '25: ₹10,000.0 · Dec '25: ₹11,005.0 · Mar '26: ₹9,971.0 · Jun '26: ₹9,795.0 · Sep '26: ₹9,939.3 · Dec '26: ₹10,938.3
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E10,000.011,005.09,971.09,795.09,939.310,938.3
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹3.67
Sep 2026 ETrend estimate range
High₹4.35Base₹3.89Low₹3.42
Sep '25: ₹3.82 · Dec '25: ₹4.47 · Mar '26: ₹4.90 · Jun '26: ₹3.67 · Sep '26: ₹3.89 · Dec '26: ₹4.55
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E3.824.474.903.673.894.55
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
61%
Analyst Consensus
Weakening

From 25 analysts

Mean upside+19.4%

Fundamentals

Weakening

Fundamentals institutional score is 43 using growth durability 42.7.

Valuation

Fairly valued

Valuation institutional score is 61 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 63 using mean target upside 19.4%; dispersion penalty 15.3; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 50 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 11 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. market sentiment provide support, while fundamentals and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Fairly valuedAnalyst Consensus NeutralTechnical Structure Mixed MomentumMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price321.7 target
Mean Upside+19.4%
Technical Score51%
Fundamental Score43%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 4.8% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.08). Confidence: 85%.

Live forward EPS implies next-12-month EPS of ₹20.02. Applying the stock's normalized valuation corridor produces a fair range of ₹254.05 to ₹292.49, with base value near ₹277.48 (+3.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹20.02

Forward P/E

13.5x

Base Fair Value

₹277.48

Fair Range

₹254.05 - ₹292.49

Upside To Base

+3.0%

Estimate Source

Live forward EPS

Growth Estimate

-0.8%

P/E
Strongly Undervalued

5Y Average

10.87

Current

13.20

Overvalued

14.61

Undervalued

12.69

EV/EBITDA
Overvalued

5Y Average

8.19

Current

9.94

Overvalued

10.59

Undervalued

5.37

P/B
Strongly Undervalued

5Y Average

2.77

Current

2.49

Overvalued

3.18

Undervalued

2.35

Peers & Comparison

Sector: Utilities · Theme: Power Transmission & Distribution

Power Transmission & Distribution Peers2 peers
Avg P/E: 30x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
TATA POWER CO LTD
TATAPOWERPower Transmission & Distribution
+5.6%6.1%
31.4x
Fair
+5% vs avg
-1.9%
TORRENT POWER LTD
TORNTPOWERPower Transmission & Distribution
+2.8%8.0%
28.6x
Fair
-5% vs avg
-2.3%
WHY THESE PEERS

POWER GRID CORP. LTD. trades at a discount (13.2x vs peer avg 30.0x), suggesting potential undervaluation relative to the Power Transmission & Distribution cohort. Peers include TATA POWER CO LTD, TORRENT POWER LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹9.79K CrJun 2026

Latest net profit

₹3.41K CrJun 2026

Latest EPS

₹3.67Jun 2026

Net margin

82.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%25.0%50.0%75.0%100.0%0.00 Cr3.00K Cr6.00K Cr9.00K Cr12.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr3.00K Cr6.00K Cr9.00K Cr12.00K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr2.50K Cr5.00K Cr7.50K Cr10.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr70.00K Cr1.40L Cr2.10L Cr2.80L Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +10,24510,41910,67711,05110,06810,26010,12110,9839,92810,00011,0059,9719,795
Expenses +1,5841,3711,2762,0831,3851,4731,5981,7601,8101,9901,5866,2881,790
Operating Profit8,6619,0499,4018,9688,6838,7878,5239,2238,1188,0109,4193,6838,005
OPM %85%87%88%81%86%86%84%84%82%80%86%37%82%
Other Income +7028259031,2037821,3701,5331,5501,5431,8681,6911,9841,575
Interest2,1212,3892,5162,0212,1602,6052,1272,5882,3042,5582,5742,6142,515
Depreciation3,1413,1423,1593,1163,0733,1623,0743,0432,9703,0563,2073,0962,925
Profit before tax4,1004,3434,6305,0344,2324,3914,8545,1434,3874,2635,329-444,140
Tax %14%12%14%18%19%15%20%16%17%17%22%-10,495%18%
Net Profit +3,5433,8343,9704,1283,4123,7113,8944,3363,6533,5554,1604,5533,411
EPS in Rs3.814.124.274.443.673.994.194.663.933.824.474.903.67
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.34%51.34%51.34%51.34%51.34%
FII26.50%25.66%24.73%25.02%24.33%
DII18.49%19.33%20.19%20.05%20.62%
Government0.07%0.07%0.07%0.08%0.08%
Public3.61%3.60%3.67%3.51%3.63%
Jun 2026
Promoters
FII
DII
Government
Public

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 06, 2026PDFCompany Reports Open