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On 6 Nov 2026, Power Grid Corporation of India was priced at ₹259.90, or 14.9× trailing earnings, against an industry P/E of 10.8×, and the shares are 20% below their 52-week high. Sales and net profit grew 0.6% and 1.1% a year over 3 years, with ROCE of 11% and ROE of 16%. Debt is 1.46× equity, and its dividend yield is 4.6%. It is a large-cap company with a market cap of ₹2.4 lakh crore, ranked 2nd of 11 Utilities (Regulated Electric) companies by market cap; the shares fell 6.4% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹257.30
Day high
₹259.90
Day low
₹253.30
Prev. close
₹261.15
Volume
1.8 Cr

Health check

2 good · 2 fair · 2 to check
  • ReturnsAhead

    −6.4% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 14.9 vs industry 10.8.

  • GrowthSlow

    Sales +0.6%, profit +1.1% a year over 3 years.

  • ProfitabilityAverage

    ROCE 11.2% vs peer median 9.3%.

  • Balance sheetFair

    Debt 1.46× equity, interest covered 2.8×, Piotroski 4 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Regulated Electric

10 listed peers. Screen the industry

Large cap

₹2.4L Cr, #2 of 11 in its industry by size.

Defensive

Beta 0.20 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹47,374 Cr · profit ₹16,196 Cr
Market cap
₹2.4L Cr
Large cap
P/E
14.9
Industry 10.8
Price to book
2.26
Peers 1.41
Dividend yield
4.62%
ROE
15.7%
Peers 12.2%
ROCE
11.2%
Peers 9.3%
Debt to equity
1.46
Debt ₹1.6L Cr
EPS (TTM)
₹17.42
Face value ₹10
OPM (TTM)
82.3%
Net margin 34.2%
Sales growth
+3.0%
Latest quarter vs a year ago
Profit growth
+8.3%
Latest quarter vs a year ago
Price to sales
5.10
EV/EBITDA 9.7

Strengths and risks

Strengths

  • Dividend yield of 4.62%.
  • Net margin of 34.2%.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Power Grid Corporation of India

Power Grid Corporation of India Limited, an electric power transmission utility, engages in the power transmission business in India and internationally. It operates in three segments: Transmission Services, Telecom Services, and Consultancy Services. As of 31 March 2026, the company owned and operated 184,960 circuit kilometers of transmission lines, and 291 substations with an aggregate transformation capacity of 624,016 mega volt amperes. It also…

Headquarters
Gurugram
Employees
9,745
Sector
Utilities
ISIN
INE752E01010
Website
powergrid.in

Price range

52 weeks

₹242.30₹324.95

Today

₹253.30₹259.90
Avg volume (3M)
96.5 L
1-year return
minus 6.4%
From 52-week high
minus 20.0%

Analyst consensus

25 analysts
BuyMean target ₹311.56 plus 19.9%

Target range, with today’s price

Low ₹260.00High ₹400.00

Today’s price ₹259.90 is below the lowest analyst target.

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Utilities - Regulated Electric

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
NTPCNTPC323.45plus 2.13%3,13,63910.69.68.9%30.8%1.261.9%minus 4.2%
POWERGRIDPower Grid Corporation of India259.90minus 0.48%2,41,72314.910.111.2%82.3%1.460.6%minus 6.4%
NLCINDIANLC India237.61minus 1.60%32,9488.310.19.3%31.4%1.042.7%minus 7.9%
CESCCESC126.25minus 3.07%16,73510.88.410.0%23.0%1.719.2%minus 28.5%
GIPCLGujarat Industries Power Company164.37minus 5.85%2,5515.110.74.4%41.2%0.943.2%minus 2.2%
BAJELBajel Projects163.49minus 2.83%1,89286.020.511.7%3.7%0.4967.5%minus 9.2%
DPSCLTDDPSC6.45minus 0.46%62880.6136.02.8%0.5%0.143.7%minus 44.8%
GVELECTRICG V Electricals104.00minus 1.81%11711.27.039.4%10.6%0.4914.5%minus 37.3%
Median of 7 peers–−1.81%2,55110.810.19.3%23.0%0.943.7%−9.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
11,196–12,39511,66611,49711,816
2,049–1,7422,6001,9602,096
9,147–10,6539,0669,5369,720
81.7%–85.9%77.7%82.9%82.3%
204–158322202235
1,934–2,1912,1752,0232,191
3,130–3,3813,2953,1283,196
4,286–5,2393,9184,5874,568
20.3%–25.1%−112.1%19.2%17.4%
3,631–4,1854,5463,5983,866
3.903.284.504.893.874.06

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+0.6%
Profit CAGR 3Y
+1.1%
EPS CAGR 3Y
+1.1%
ROE
15.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
44,00544,20344,07344,765
–+0.4%minus 0.3%+1.6%
5,1514,3005,3976,187
38,85439,90338,67638,578
88.3%90.3%87.8%86.2%
5401,2282,0561,248
8,4648,9459,1109,521
13,33313,09512,91313,041
−144−4.831056.7
17,45319,08519,01817,321
13.1%15.4%19.8%−8.0%
15,42015,57315,52115,928
–+1.0%minus 0.3%+2.6%
16.5816.7416.6917.13

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,9759,3019,3019,301
76,05177,84583,36291,193
1,28,5841,27,0041,34,5181,51,558
40,66336,74238,92742,675
2,52,2732,50,8912,66,1072,94,727
1,97,5191,95,5752,06,9102,22,858
13,74119,35236,02447,887
8,2571,6811,4071,441
8,5665,3696,7524,933
24,19128,91315,01417,608
2,52,2732,50,8912,66,1072,94,727

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
40,20337,29036,22240,931
−7,138−13,114−23,532−35,305
−30,450−25,903−12,357−4,006
2,615−1,7283331,619
−8,243−11,410−24,134−37,279
31,96025,88012,0883,651
−8,545−11,219−9,766−8,371

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 37.7% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you