Power Grid Corporation of India Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Power Grid Corporation of India Ltd?

Power Grid Corporation of India Ltd is trading at 293.00 as of 21 April 2026, with a FY2026-2027 high of 322 and low of 250. The stock is currently in the middle of its 52-week range. Market cap stands at 2,72,322 Cr..

Q: Is Power Grid Corporation of India Ltd financially healthy?

Key indicators: ROCE of 12.8 % is moderate. Dividend yield is 3.07 %.

Fair Value

₹260.02Overvalued by 11.26%vs CMP ₹293.00

P/E (17.5) × ROE (17.0%) × BV (₹106.00) × DY (3.07%)

₹181.72Overvalued by 37.98%vs CMP ₹293.00

MoS: -61.2% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹255.84	26%	Over (-12.7%)
Graham Number	Earnings	₹199.45	18%	Over (-31.9%)
DCF	Cash Flow	₹30.90	15%	Over (-89.5%)
Net Asset Value	Assets	₹106.44	8%	Over (-63.7%)
EV/EBITDA	Enterprise	₹299.05	10%	Fair (+2.1%)
Earnings Yield	Earnings	₹166.80	8%	Over (-43.1%)
ROCE Capital	Returns	₹235.90	8%	Over (-19.5%)
Revenue Multiple	Revenue	₹49.27	6%	Over (-83.2%)
Consensus (8 models)		₹181.72	100%	Overvalued

Key Drivers: Wide model spread (₹31–₹299) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -1.6%

*Investments are subject to market risks

Analyst Summary

Power Grid Corporation of India Ltd operates in the Power - Transmission/Equipment segment, NSE: POWERGRID | BSE: 532898, current market price is ₹293.00, market cap is 2,72,322 Cr.. At a glance, stock P/E is 17.5, ROE is 17.0 %, ROCE is 12.8 %, book value is 106, dividend yield is 3.07 %. The latest intrinsic value estimate is ₹181.72, around 38.0% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹45,792 Cr versus the prior period change of -0.1%, while latest net profit is about ₹15,521 Cr with a prior-period change of -0.3%. This analysis page also carries profit and loss, shareholding pattern, ratio panels, mutual fund holdings data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 322/250, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisPower Grid Corporation of India Ltd. is a Public Limited Listed company incorporated on 23/10/1989 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L40101DL1989GOI038121 and registration number is 038121. Currently Comp…

This summary is generated from the stock page data available for Power Grid Corporation of India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Power Grid Corporation of India Ltd scores 52/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health53/100 · Moderate

ROCE 12.8% GoodROE 17.0% GoodD/E 1.87 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money45/100 · Moderate

FII holding down -2.06% (6mo) SellingDII holding up 1.89% MF buyingPromoter holding at 51.3% Stable

Earnings Quality60/100 · Moderate

OPM stable around 86% SteadyWorking capital: -166 days (improving) Efficient

Quarterly Momentum40/100 · Moderate

Revenue (4Q): 4% YoY FlatProfit (4Q): 0% YoY Declining

Industry Rank60/100 · Moderate

P/E 17.5 vs industry 31.8 Cheaper than peersROCE 12.8% vs industry 18.2% Average3Y sales CAGR: 3% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:29 am

Market Cap	2,72,322 Cr.
Current Price	293
Intrinsic Value	₹181.72
High / Low	322/250
Stock P/E	17.5
Book Value	106
Dividend Yield	3.07 %
ROCE	12.8 %
ROE	17.0 %
Face Value	10.0
PEG Ratio	-10.87

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Power Grid Corporation of India Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Power Grid Corporation of India Ltd	2,72,322 Cr.	293	322/250	17.5	106	3.07 %	12.8 %	17.0 %	10.0
KEC International Ltd	13,897 Cr.	522	947/510	19.1	212	1.05 %	18.0 %	12.0 %	2.00
Voltamp Transformers Ltd	9,161 Cr.	9,055	10,088/5,900	25.9	1,626	1.10 %	29.1 %	21.7 %	10.0
Transformers & Rectifiers India Ltd (TRIL)	8,234 Cr.	274	595/224	30.9	44.8	0.07 %	28.0 %	23.4 %	1.00
Bajel Projects Ltd	1,783 Cr.	154	264/135	85.0	45.4	0.00 %	12.9 %	2.68 %	2.00
Industry Average	38,511.88 Cr	1,451.63		31.78	294.38	0.70%	18.23%	15.50%	5.25

All Competitor Stocks of Power Grid Corporation of India Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	11,262	12,264	11,048	11,267	11,550	11,978	11,006	11,278	11,233	12,275	11,196	11,476	12,395
Expenses	1,368	1,433	1,716	1,557	1,375	2,055	1,466	1,681	1,700	2,081	2,094	2,421	1,788
Operating Profit	9,893	10,831	9,332	9,710	10,175	9,923	9,540	9,597	9,533	10,194	9,102	9,055	10,607
OPM %	88%	88%	84%	86%	88%	83%	87%	85%	85%	83%	81%	79%	86%
Other Income	500	294	209	263	380	389	302	814	552	366	461	712	463
Interest	3,012	2,475	2,057	2,341	2,446	1,928	2,039	2,441	1,917	2,303	1,934	2,148	2,190
Depreciation	3,407	3,314	3,266	3,277	3,293	3,259	3,200	3,292	3,216	3,196	3,130	3,223	3,381
Profit before tax	3,975	5,335	4,218	4,355	4,816	5,125	4,603	4,678	4,952	5,062	4,499	4,395	5,497
Tax %	8%	19%	15%	13%	16%	19%	19%	19%	22%	18%	19%	19%	24%
Net Profit	3,645	4,323	3,597	3,781	4,028	4,166	3,724	3,793	3,862	4,143	3,631	3,566	4,185
EPS in Rs	3.92	4.65	3.87	4.07	4.33	4.48	4.00	4.08	4.15	4.45	3.90	3.83	4.50

Last Updated: February 4, 2026, 2:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 10:16 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	15,555	17,540	20,652	25,697	29,954	35,059	37,744	39,640	41,622	45,603	45,843	45,792	47,343
Expenses	2,588	2,613	2,468	3,247	3,993	8,140	4,858	4,734	5,796	6,028	6,599	6,955	8,384
Operating Profit	12,967	14,927	18,184	22,450	25,961	26,920	32,886	34,906	35,826	39,576	39,244	38,837	38,958
OPM %	83%	85%	88%	87%	87%	77%	87%	88%	86%	87%	86%	85%	82%
Other Income	725	731	656	933	4,065	1,505	2,820	769	4,692	1,093	1,138	2,061	2,001
Interest	3,254	4,081	5,086	6,204	7,324	8,737	9,509	8,135	8,036	9,634	8,773	8,700	8,576
Depreciation	4,079	5,173	6,182	7,722	9,231	10,541	11,607	12,039	12,872	13,333	13,095	12,904	12,931
Profit before tax	6,359	6,404	7,572	9,457	13,471	9,147	14,590	15,501	19,610	17,702	18,514	19,294	19,453
Tax %	28%	21%	21%	21%	39%	-10%	24%	22%	14%	13%	16%	20%
Net Profit	4,548	5,046	5,959	7,451	8,204	10,034	11,059	12,036	16,824	15,420	15,573	15,521	15,524
EPS in Rs	4.89	5.43	6.41	8.01	8.82	10.79	11.89	12.94	18.09	16.58	16.74	16.69	16.68
Dividend Payout %	30%	21%	20%	31%	33%	43%	47%	52%	61%	67%	67%	54%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	10.95%	18.09%	25.04%	10.11%	22.31%	10.22%	8.83%	39.78%	-8.35%	0.99%	-0.33%
Change in YoY Net Profit Growth (%)	0.00%	7.14%	6.94%	-14.93%	12.20%	-12.09%	-1.38%	30.95%	-48.13%	9.34%	-1.33%

Power Grid Corporation of India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	4%
3 Years:	3%
TTM:	0%

Compounded Profit Growth
10 Years:	12%
5 Years:	9%
3 Years:	3%
TTM:	-2%

Stock Price CAGR
10 Years:	15%
5 Years:	23%
3 Years:	19%
1 Year:	-15%

Return on Equity
10 Years:	17%
5 Years:	18%
3 Years:	18%
Last Year:	17%

Last Updated: September 5, 2025, 12:25 pm

Balance Sheet

Last Updated: December 4, 2025, 1:48 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	5,232	5,232	5,232	5,232	5,232	5,232	5,232	5,232	6,975	6,975	9,301	9,301	9,301
Reserves	29,466	33,207	38,738	44,634	49,194	53,857	59,464	64,704	69,272	76,051	77,845	83,362	89,631
Borrowings	84,220	96,243	108,545	118,988	131,503	146,376	148,270	143,232	134,696	128,584	123,516	131,030	135,984
Other Liabilities	22,562	26,102	26,797	26,809	39,425	41,916	43,706	42,539	40,008	40,615	40,168	42,326	43,497
Total Liabilities	141,480	160,784	179,312	195,662	225,354	247,380	256,671	255,708	250,950	252,225	250,829	266,019	278,412
Fixed Assets	74,252	91,191	115,094	137,678	156,198	172,740	181,112	183,726	191,773	185,437	177,761	172,320	168,999
CWIP	50,069	53,681	45,611	38,264	37,669	37,631	35,177	24,838	12,854	13,772	18,197	33,585	43,808
Investments	423	220	919	1,165	1,224	1,296	1,431	1,486	3,788	3,489	4,163	3,117	3,745
Other Assets	16,736	15,693	17,688	18,555	30,264	35,713	38,951	45,659	42,536	49,527	50,708	56,998	61,860
Total Assets	141,480	160,784	179,312	195,662	225,354	247,380	256,671	255,708	250,950	252,225	250,829	266,019	278,412

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	15,223	15,800	15,008	21,575	22,710	23,271	30,739	29,403	26,124	40,203	37,290	36,223
Cash from Investing Activity +	-26,639	-24,185	-21,576	-23,836	-25,701	-18,727	-10,733	-9,244	753	-7,138	-13,114	-23,533
Cash from Financing Activity +	13,712	6,399	5,621	3,959	1,285	-2,431	-18,806	-20,521	-28,967	-30,450	-25,903	-12,357
Net Cash Flow	2,295	-1,986	-948	1,698	-1,707	2,113	1,199	-362	-2,091	2,615	-1,728	333
Free Cash Flow	-11,830	-9,178	-6,671	-2,349	-3,470	820	19,372	19,786	18,157	31,960	25,886	12,112
CFO/OP	127%	114%	90%	104%	96%	95%	101%	90%	83%	109%	104%	101%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-72.00	-82.00	-90.00	-96.00	-106.00	-120.00	-116.00	-109.00	-99.00	-89.00	-84.00	-93.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	38	46	48	44	44	49	49	79	81	119	92	63
Inventory Days
Days Payable
Cash Conversion Cycle	38	46	48	44	44	49	49	79	81	119	92	63
Working Capital Days	-365	-356	-306	-250	-220	-201	-274	-187	-241	-174	-134	-166
ROCE %	9%	8%	9%	10%	10%	9%	11%	12%	11%	13%	13%	13%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	51.34%	51.34%	51.34%	51.34%	51.34%	51.34%	51.34%	51.34%	51.34%	51.34%	51.34%	51.34%
FIIs	32.30%	33.14%	32.01%	30.51%	29.82%	28.73%	28.26%	28.11%	26.79%	26.50%	25.66%	24.73%
DIIs	13.39%	12.55%	13.21%	14.77%	15.26%	16.32%	16.89%	16.99%	18.30%	18.49%	19.33%	20.19%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.06%	0.07%	0.07%	0.07%
Public	2.99%	2.95%	3.44%	3.37%	3.58%	3.61%	3.50%	3.50%	3.52%	3.61%	3.60%	3.67%
No. of Shareholders	8,02,619	7,83,265	9,31,366	9,61,585	11,00,850	13,17,077	13,29,741	13,51,252	13,83,986	13,88,417	13,72,725	13,74,801

Shareholding Pattern Chart

No. of Shareholders

Power Grid Corporation of India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Flexi Cap Fund	91,000,000	2.4	2334.15	76,600,000	2025-12-15 06:13:35	18.8%
ICICI Prudential Large Cap Fund	45,026,236	1.51	1154.92	37,955,672	2026-02-23 02:43:09	18.63%
HDFC Focused Fund	27,000,000	2.63	692.55	24,000,000	2025-12-15 08:41:51	12.5%
Kotak Flexicap Fund	20,000,000	0.91	513	N/A	N/A	N/A
SBI PSU Fund	19,935,554	8.55	511.35	17,635,554	2026-02-23 02:43:09	13.04%
ICICI Prudential Energy Opportunities Fund	16,495,774	4.28	423.12	13,645,774	2026-02-23 02:43:09	20.89%
SBI Dividend Yield Fund	12,166,666	3.5	312.08	N/A	N/A	N/A
Kotak Large & Midcap Fund	12,000,000	1.03	307.8	N/A	N/A	N/A
SBI Equity Hybrid Fund	11,000,000	0.35	282.15	38,666,666	2025-12-08 00:51:45	-71.55%
HDFC ELSS Tax Saver Fund	10,016,442	1.53	256.92	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	16.69	17.36	22.10	24.12	23.01
Diluted EPS (Rs.)	16.69	17.36	22.10	24.12	23.01
Cash EPS (Rs.)	30.68	30.84	41.33	42.46	45.61
Book Value[Excl.RevalReserv]/Share (Rs.)	99.63	93.70	119.01	109.31	133.68
Book Value[Incl.RevalReserv]/Share (Rs.)	99.63	93.70	119.01	109.31	133.68
Revenue From Operations / Share (Rs.)	49.23	49.29	65.34	59.66	75.77
PBDIT / Share (Rs.)	43.80	44.05	58.06	53.97	69.15
PBIT / Share (Rs.)	29.92	29.97	38.95	35.52	46.14
PBT / Share (Rs.)	20.86	19.93	25.49	28.00	29.22
Net Profit / Share (Rs.)	16.81	16.77	22.22	24.01	22.60
NP After MI And SOA / Share (Rs.)	16.69	16.74	22.10	24.12	23.01
PBDIT Margin (%)	88.95	89.37	88.85	90.46	91.26
PBIT Margin (%)	60.77	60.81	59.60	59.53	60.89
PBT Margin (%)	42.37	40.42	39.01	46.93	38.56
Net Profit Margin (%)	34.13	34.01	34.00	40.23	29.82
NP After MI And SOA Margin (%)	33.89	33.97	33.82	40.42	30.36
Return on Networth / Equity (%)	16.75	17.87	18.57	22.06	17.21
Return on Capital Employeed (%)	12.32	13.46	12.81	12.02	11.20
Return On Assets (%)	5.83	6.20	6.15	6.70	4.70
Long Term Debt / Equity (X)	1.19	1.21	1.37	1.50	1.85
Total Debt / Equity (X)	1.41	1.42	1.52	1.77	1.87
Asset Turnover Ratio (%)	0.17	0.18	0.17	0.15	0.14
Current Ratio (X)	0.97	0.83	0.91	0.72	0.89
Quick Ratio (X)	0.93	0.80	0.87	0.69	0.85
Inventory Turnover Ratio (X)	28.54	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	46.43	50.76	45.24	51.82	56.67
Dividend Payout Ratio (CP) (%)	25.35	27.57	24.26	29.36	28.33
Earning Retention Ratio (%)	53.57	49.24	54.76	48.18	43.33
Cash Earning Retention Ratio (%)	74.65	72.43	75.74	70.64	71.67
Interest Coverage Ratio (X)	4.68	4.67	4.20	4.68	4.45
Interest Coverage Ratio (Post Tax) (X)	2.76	2.84	2.58	2.74	2.54
Enterprise Value (Cr.)	391023.65	373626.62	276646.23	280879.72	238435.32
EV / Net Operating Revenue (X)	8.54	8.15	6.07	6.75	6.01
EV / EBITDA (X)	9.60	9.12	6.83	7.46	6.59
MarketCap / Net Operating Revenue (X)	5.90	5.62	3.45	3.63	2.85
Retention Ratios (%)	53.56	49.23	54.75	48.17	43.32
Price / BV (X)	2.92	2.96	1.90	1.98	1.61
Price / Net Operating Revenue (X)	5.90	5.62	3.45	3.63	2.85
EarningsYield	0.05	0.06	0.09	0.11	0.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Power Grid Corporation of India Ltd. is a Public Limited Listed company incorporated on 23/10/1989 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L40101DL1989GOI038121 and registration number is 038121. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company's Total Operating Revenue is Rs. 41431.49 Cr. and Equity Capital is Rs. 9300.60 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Power - Transmission/Equipment	B-9, Qutab Institutional Area, New Delhi Delhi 110016	Contact not found

Management
Name	Position Held
Mr. Ravindra Kumar Tyagi	Chairman & Managing Director
Mr. Ravisankar Ganesan	Director - Finance & CFO
Dr. Yatindra Dwivedi	Director - Personnel
Mr. Naveen Srivastava	Director - Operations
Mr. Vamsi Ramamohan Burra	Director - Projects
Mr. Shiv Tapasya Paswan	Independent Director
Mr. Rohit Vaswani	Independent Director
Mrs. Sajal Jha	Independent Director
Dr. Saibaba Darbamulla	Government Nominee Director
Mr. Abhay Bakre	Government Nominee Director

FAQ

What is the intrinsic value of Power Grid Corporation of India Ltd and is it undervalued?

As of 21 April 2026, Power Grid Corporation of India Ltd's intrinsic value is ₹181.72, which is 37.98% lower than the current market price of ₹293.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.0 %), book value (₹106), dividend yield (3.07 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Power Grid Corporation of India Ltd?

Power Grid Corporation of India Ltd is trading at ₹293.00 as of 21 April 2026, with a FY2026-2027 high of ₹322 and low of ₹250. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,72,322 Cr..

How does Power Grid Corporation of India Ltd's P/E ratio compare to its industry?

Power Grid Corporation of India Ltd has a P/E ratio of 17.5, which is below the industry average of 31.78. This is broadly in line with or below the industry average.

Is Power Grid Corporation of India Ltd financially healthy?

Key indicators for Power Grid Corporation of India Ltd: ROCE of 12.8 % is moderate; ROE of 17.0 % shows strong shareholder returns. Dividend yield is 3.07 %.

Is Power Grid Corporation of India Ltd profitable and how is the profit trend?

Power Grid Corporation of India Ltd reported a net profit of ₹15,521 Cr in Mar 2025 on revenue of ₹45,792 Cr. Compared to ₹16,824 Cr in Mar 2022, the net profit shows a declining trend.

Does Power Grid Corporation of India Ltd pay dividends?

Power Grid Corporation of India Ltd has a dividend yield of 3.07 % at the current price of ₹293.00. This is a relatively attractive yield for income-seeking investors.