Power Grid Corporation of India Ltd

Power Grid Corpn Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Power Grid Corporation of India Ltd

₹ 326 3.44%
21 Nov - close price
powergrid.in BSE: 532898 NSE: POWERGRID
About

Power Grid Corporation of India Limited is a Maharatna CPSU and India’s largest electric power transmission company. GoI holds a 51.34% stake in the company as on March 31, 2021. PGCIL was incorporated in 1989 to set up extra-high voltage alternating current and high-voltage direct current (HVDC) transmission lines.

The company moves large blocks of power from the central generating agencies and areas that have surplus power to load centres within and across regions. It is under the administrative control of the Ministry of Power, GoI.

PGCIL also executes several strategically important projects, assigned to the company by GoI on nomination basis. Power Grid Corporation of India is principally engaged in planning, implementation, operation and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy services.

Key Points

Business Segments Q1 FY25

Website BSE NSE
  • Market Cap ₹ 3,03,107 Cr.
  • Current Price ₹ 326
  • High / Low ₹ 366 / 208
  • Stock P/E 19.9
  • Book Value ₹ 98.3
  • Dividend Yield 3.45 %
  • ROCE 12.8 %
  • ROE 18.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is providing a good dividend yield of 3.45%.
  • Company has been maintaining a healthy dividend payout of 65.0%

Cons

  • Stock is trading at 3.32 times its book value
  • The company has delivered a poor sales growth of 4.44% over past five years.
  • Company might be capitalizing the interest cost

* 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: Power Generation & Distribution Industry: Power Generation And Supply

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
9,929 10,001 10,222 10,446 10,468 10,746 11,328 10,245 10,419 10,677 11,051 10,068 10,260
1,482 1,380 1,980 1,644 1,632 1,367 1,277 1,584 1,371 1,276 2,083 1,385 1,473
Operating Profit 8,447 8,621 8,242 8,802 8,837 9,379 10,051 8,661 9,049 9,401 8,968 8,683 8,787
OPM % 85% 86% 81% 84% 84% 87% 89% 85% 87% 88% 81% 86% 86%
543 636 1,310 651 587 960 820 702 825 903 1,203 782 1,370
Interest 1,959 1,852 2,103 1,982 2,196 3,037 2,511 2,121 2,389 2,516 2,021 2,160 2,605
Depreciation 3,143 3,193 3,187 3,203 3,198 3,304 3,193 3,141 3,142 3,159 3,116 3,073 3,162
Profit before tax 3,887 4,212 4,261 4,268 4,029 3,999 5,167 4,100 4,343 4,630 5,034 4,232 4,391
Tax % 14% 20% -1% 12% 9% 7% 18% 14% 12% 14% 18% 19% 15%
3,338 3,349 4,321 3,766 3,651 3,702 4,217 3,543 3,834 3,970 4,128 3,412 3,711
EPS in Rs 3.59 3.60 4.65 4.05 3.93 3.98 4.53 3.81 4.12 4.27 4.44 3.67 3.99
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
12,679 15,115 17,177 20,666 25,710 29,765 34,119 36,186 37,666 39,933 42,636 42,391 42,055
2,118 2,456 2,571 2,460 3,224 4,106 7,428 4,821 4,218 5,758 5,634 6,211 6,217
Operating Profit 10,561 12,659 14,606 18,206 22,486 25,659 26,691 31,365 33,448 34,175 37,002 36,181 35,838
OPM % 83% 84% 85% 88% 87% 86% 78% 87% 89% 86% 87% 85% 85%
971 768 748 650 1,050 4,577 1,563 3,853 1,790 6,391 3,018 3,531 4,259
Interest 2,535 3,168 3,979 5,135 6,304 7,591 9,091 9,814 8,501 8,211 9,707 9,047 9,301
Depreciation 3,352 3,996 5,085 6,180 7,663 9,091 10,201 11,073 11,712 12,551 12,859 12,558 12,510
Profit before tax 5,645 6,264 6,289 7,541 9,570 13,554 8,962 14,331 15,025 19,805 17,454 18,107 18,286
Tax % 25% 28% 21% 21% 21% 39% -11% 25% 21% 14% 12% 15%
4,234 4,497 4,979 5,948 7,520 8,245 9,939 10,811 11,936 17,094 15,336 15,475 15,221
EPS in Rs 5.14 4.84 5.35 6.40 8.09 8.86 10.69 11.62 12.83 18.38 16.49 16.64 16.37
Dividend Payout % 30% 30% 21% 20% 30% 33% 44% 48% 53% 60% 67% 68%
Compounded Sales Growth
10 Years: 11%
5 Years: 4%
3 Years: 4%
TTM: -2%
Compounded Profit Growth
10 Years: 13%
5 Years: 7%
3 Years: 6%
TTM: 0%
Stock Price CAGR
10 Years: 15%
5 Years: 24%
3 Years: 31%
1 Year: 54%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 19%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4,630 5,232 5,232 5,232 5,232 5,232 5,232 5,232 5,232 6,975 6,975 9,301 9,301
Reserves 21,610 29,228 32,935 38,580 44,576 49,183 53,786 59,208 64,347 69,176 75,869 77,566 82,091
68,188 83,170 95,045 108,255 118,698 131,213 146,086 147,980 143,073 134,695 128,583 123,490 122,540
16,706 21,960 25,110 26,363 26,192 38,306 41,392 43,148 41,639 37,038 36,796 35,065 34,853
Total Liabilities 111,134 139,589 158,321 178,429 194,697 223,933 246,496 255,568 254,291 247,885 248,223 245,422 248,785
61,401 73,154 89,686 114,942 135,508 153,610 163,860 169,836 176,944 179,732 172,278 162,702 158,382
CWIP 34,824 49,477 52,924 43,795 35,884 30,307 33,578 30,400 17,972 7,376 7,699 9,672 10,877
Investments 1,148 999 926 841 1,330 1,608 2,757 3,764 4,265 7,229 7,415 9,340 8,980
13,762 15,960 14,784 18,851 21,975 38,408 46,301 51,568 55,110 53,548 60,832 63,707 70,547
Total Assets 111,134 139,589 158,321 178,429 194,697 223,933 246,496 255,568 254,291 247,885 248,223 245,422 248,785

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11,284 15,399 15,042 16,151 21,251 21,881 23,149 29,239 27,614 24,640 37,839 34,790
-21,948 -26,518 -23,843 -21,148 -23,434 -22,981 -18,648 -9,368 -7,803 2,189 -5,701 -10,434
9,990 13,874 6,447 5,387 3,871 -612 -2,374 -18,712 -20,186 -28,801 -30,449 -25,882
Net Cash Flow -675 2,756 -2,355 391 1,688 -1,712 2,127 1,159 -375 -1,973 1,689 -1,526

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 38 45 48 46 45 50 49 82 81 122 93
Inventory Days
Days Payable
Cash Conversion Cycle 41 38 45 48 46 45 50 49 82 81 122 93
Working Capital Days -243 -298 -318 -280 -221 -193 -254 -242 -57 -38 -28 -24
ROCE % 10% 9% 8% 9% 10% 12% 10% 11% 12% 12% 13% 13%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.34% 51.34% 51.34% 51.34% 51.34% 51.34% 51.34% 51.34% 51.34% 51.34% 51.34% 51.34%
28.19% 29.35% 30.25% 31.70% 32.76% 32.30% 33.14% 32.01% 30.51% 29.82% 28.73% 28.26%
8.42% 16.02% 15.17% 13.79% 12.73% 13.39% 12.55% 13.21% 14.77% 15.26% 16.32% 16.89%
12.05% 3.29% 3.24% 3.17% 3.18% 2.99% 2.95% 3.44% 3.37% 3.58% 3.61% 3.50%
No. of Shareholders 7,77,0728,04,1527,90,5328,23,2398,11,0748,02,6197,83,2659,31,3669,61,58511,00,85013,17,07713,29,741

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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