Powergrid Infrastructure Investment Trust
Powergrid InvIT (Infrastructure Investment Trust) owns, constructs, operates, maintains, and invests in power transmission assets in India. Powergrid InvIT registered with SEBI as an InvIT on January 7, 2021.[1]
- Market Cap ₹ 7,840 Cr.
- Current Price ₹ 86.2
- High / Low ₹ 104 / 86.1
- Stock P/E 9.49
- Book Value ₹ 85.3
- Dividend Yield %
- ROCE 12.8 %
- ROE 13.1 %
- Face Value ₹
Pros
- Company is almost debt free.
- Stock is trading at 1.01 times its book value
Cons
- Promoter holding is low: 15.0%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Investment Trusts Industry: Power Generation And Supply
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|
344 | 977 | 1,324 | 973 | 1,049 | 945 | 873 | |
14 | 34 | 38 | 195 | 1,287 | -120 | 6 | |
Operating Profit | 330 | 943 | 1,286 | 778 | -238 | 1,065 | 867 |
OPM % | 96% | 97% | 97% | 80% | -23% | 113% | 99% |
8 | 8 | 10 | 3 | 6 | 8 | 8 | |
Interest | 116 | 328 | 429 | 0 | 41 | 47 | 46 |
Depreciation | 93 | 275 | 379 | 0 | 0 | 0 | 0 |
Profit before tax | 129 | 348 | 487 | 781 | -274 | 1,026 | 828 |
Tax % | 11% | 29% | 22% | 0% | 1% | 0% | |
114 | 248 | 379 | 780 | -276 | 1,023 | 825 | |
EPS in Rs | 25.80 | 24.84 | 31.55 | 8.57 | -3.03 | 11.24 | 9.07 |
Dividend Payout % | 29% | 48% | 110% | 123% | -494% | 27% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -1% |
3 Years: | % |
TTM: | -11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | % |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -10% |
1 Year: | -12% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 442 | 999 | 1,201 | 9,100 | 9,100 | 9,100 |
Reserves | 71 | 220 | 333 | 97 | -1,271 | -1,340 |
5,347 | 5,577 | 5,177 | 575 | 572 | 569 | |
645 | 205 | 111 | 1 | 0 | 0 | |
Total Liabilities | 6,505 | 7,000 | 6,821 | 9,773 | 8,401 | 8,330 |
1,779 | 6,704 | 6,437 | 0 | 0 | 0 | |
CWIP | 4,548 | 9 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 4,254 | 2,978 | 3,109 |
178 | 288 | 384 | 5,519 | 5,424 | 5,221 | |
Total Assets | 6,505 | 7,000 | 6,821 | 9,773 | 8,401 | 8,330 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
1,052 | -12 | -13 | -14 | |||
-107 | -4,594 | 1,160 | 1,161 | |||
-908 | 4,886 | -1,136 | -1,142 | |||
Net Cash Flow | 37 | 280 | 11 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 54 | 44 | 48 | 0 | 0 | 0 |
Inventory Days | ||||||
Days Payable | ||||||
Cash Conversion Cycle | 54 | 44 | 48 | 0 | 0 | 0 |
Working Capital Days | -695 | -60 | -135 | -0 | -0 | 0 |
ROCE % | 11% | 14% | -3% | 13% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
2d - Notice of Postal Ballot for PGInvIT.
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Reg 23(5)(i): Disclosure of material issue
18 Nov - Audio recording of Q2 & H1 FY25 earnings call.
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Reg 23(5)(i): Disclosure of material issue
18 Nov - Notice of Postal Ballot for acquisition of SPVs.
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Reg 23(5)(i): Disclosure of material issue
18 Nov - Investor presentation on Q2 & H1 FY25 results.
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Reg 23(5)(i): Disclosure of material issue
15 Nov - Appointment and cessation of Independent Director at PUTL.
Annual reports
Concalls
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Jul 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023TranscriptNotesPPT REC
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May 2023TranscriptNotesPPT REC
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Jan 2023TranscriptNotesPPT REC
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Nov 2022TranscriptNotesPPT REC
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Jul 2022TranscriptNotesPPT REC
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May 2022TranscriptNotesPPT REC
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Jan 2022TranscriptNotesPPT REC
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Nov 2021TranscriptNotesPPT REC
India’s 1st PSU InvIT
It is sponsored by Power Grid Corporation India Ltd and is also responsible for managing the InvIT, providing the initial portfolio assets, and will undertake investment decisions related to its assets. [1]
IDBI Trusteeship Services Limited is the debenture trustee, responsible for ensuring the necessary compliance to InvIT Regulations and monitoring the activities of Investment Manager and Project Manager. [2]