Power Grid vs NLC India: share price, P/E, ROE and financials compared
Power Grid Corporation of India
NLC India
Power Grid and NLC India at a glance
Power Grid and NLC India are both listed in Power. Power Grid is the larger by market cap, at ₹2.4L Cr against ₹32,948 Cr for NLC India (7.3 times as large). On valuation, NLC India has the lower P/E (8.3× against 14.9×) and the lower price-to-book (1.41× against 2.26×). On returns and margins, Power Grid has the higher ROCE (11.2% against 9.3%) and the higher operating margin (82.3% against 31.4%). Over three years, NLC India has faster 3-year sales growth (+2.7% against +0.6% a year) and faster 3-year profit growth (+36.1% against +1.1% a year). NLC India carries less debt for its equity, with a debt-to-equity of 1.04× against 1.46×.
Key metrics, side by side
| Metric | Power GridPOWERGRID | NLC IndiaNLCINDIA |
|---|---|---|
| Price (₹) | 259.90 | 237.61 |
| Market cap (₹ Cr) | 2,41,723 | 32,948 |
| P/E | 14.9× | 8.3× (the lower figure, shaded) |
| P/B | 2.26× | 1.41× (the lower figure, shaded) |
| Dividend yield, trailing | 3.46% (the higher figure, shaded) | 1.62% |
| ROE | 15.7% | 15.8% |
| ROCE | 11.2% (the higher figure, shaded) | 9.3% |
| Operating margin (OPM) | 82.3% (the higher figure, shaded) | 31.4% |
| Net margin (NPM) | 34.2% (the higher figure, shaded) | 20.9% |
| Sales CAGR 3Y | +0.6% | +2.7% (the higher figure, shaded) |
| Profit CAGR 3Y | +1.1% | +36.1% (the higher figure, shaded) |
| Debt to equity | 1.46× | 1.04× (the lower figure, shaded) |
| Interest cover | 2.8× | 4.2× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 16,196 | – |
| 1Y return | −6.4% (the higher figure, shaded) | −7.9% |
| Promoter holding | 51.34% | – |
Power Grid vs NLC India: common questions
Which is bigger, Power Grid or NLC India?
By market cap, Power Grid is bigger at ₹2.4L Cr, against ₹32,948 Cr for NLC India (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Power Grid or NLC India?
Power Grid trades at a P/E of 14.9× and NLC India at 8.3×. NLC India has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Power Grid or NLC India?
Power Grid reports a return on equity of 15.7% and NLC India 15.8%. The two are close. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Power Grid or NLC India?
Over the last three years: Sales grew +0.6% a year at Power Grid and +2.7% at NLC India, so NLC India grew sales faster; profit grew +1.1% a year at Power Grid and +36.1% at NLC India, so NLC India grew profit faster. Past growth doesn’t predict future growth.