Power Grid Corporation of India Limited

BSE

POWERGRID

Stock

Yield per half year: -6.63%
Dividend yield: 3.72%
Sector: Energy

Reporting Power Grid Corporation of India Limited

Capitalization

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
Capitalization, bln ₹					1 019.96			1 490	1 490		2 673.46	2 673.46	1668.36	27.24
Revenue, bln ₹			257.04	299.41	348.42	368.07	393.08	408.35	455.81	458.43	457.92	457.92	434.72	3.10
Net profit, bln ₹			74.51	81.98	100.34	110.59	120.36	168.24	154.17	155.73	155.21	155.21	150.74	5.22
EV, bln ₹					2 447.25	2 047.76	2 531.64	2 497.73	2 394.8	3 805.13	3 973.04	3 973.04	3040.47	9.43
EBIT, bln ₹	101.47	123	150.83	172.24	201.64	220.3	237.99	241.24	268.43			268.43	233.92	5.89
EBITDA, bln ₹				281.18	319.9	343.91	359.64	409.21	404.2			404.2	367.37	4.79
OIBDA ₹						443.77	469.8	473.6	511.48				474.66	3.61
Book value, bln ₹			498.66	544.26	590.88	646.95	699.36	762.47	830.15	871.45	926.63	926.63	818.01	5.79
FCF, bln ₹				-39.41	9.3	196.73	199.49	181.57	311.02	258.8	120.89	120.89	214.35	-9.53
Operating Cash Flow, bln ₹			215.75	227.1	232.71	307.39	294.03	261.24	380.05	372.9	362.23	362.23	334.09	4.26
Operating profit, bln ₹			148.95	170.67	198.15	210.45	230.52	232.63	261.45	268.08	261.61	261.61	250.86	2.56
Operating expenses, bln ₹			108.09	128.74	150.28	157.62	162.56	175.73	194.37	190.35	196.31	196.31	183.86	3.85
CAPEX, bln ₹			239.24	261.8	224.51	113.67	96.17	79.66	69.03	114.1	241.34	241.34	120.06	20.20

	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	Average for 5 quarters	CAGR 5
Capitalization, bln ₹			1 012.22																						1012.22	0.00
Revenue, bln ₹															112.62	122.64	110.48	112.67	115.5	103.38	110.06	112.78	112.33	122.75	112.26	3.49
Net profit, bln ₹															36.45	43.2	35.97	37.81	40.28	41.66	37.24	37.93	38.62	41.43	39.38	-0.11
EV, bln ₹						1 964.78		2 531.64		2 651.22		2 890.01		2 713.66		2 358.96		3 010.3		3 805.13		4 468.7		3 973.04	3523.23	10.99
EBIT, bln ₹	84.8	50.47	53.16	61.81	53.83	87.96	91.88							61.09	64.87	82.94									77.75	-1.17
EBITDA, bln ₹								103.07	122.05	93.87	93.77	99.52	95.08	96	101.62	111.5	98.87								100.61	0.78
Book value, bln ₹						677.27		699.36		775.75		762.47		822.08		830.15		868.85		871.45		920.61		926.63	883.54	2.22
Operating profit, bln ₹															64.87	75.96	64.17	66.31	69.19	60.66	64.02	64.09	63.22	70.28	64.45	2.99
Operating expenses, bln ₹															47.75	46.68	46.31	46.36	46.3	42.72	46.04	48.69	49.11	52.47	47.81	4.20

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
Cash, bln ₹				33.54	21.89	36.48	48.4	44.87	25.77	51.92	28.41	37.97	37.97	37.79	-3.28
Short-Term Investments ₹				6.42	6.36	11.38	9.59	14.9	28.91	45.77	32.15	154.25	154.25	55.20	59.59
Long-Term Investments ₹	2.06	0.1949	9.14	11.62	12.24	12.96								9.23	131.50
Accounts Receivable ₹				57.73	77.83	112.69	50.41	86.29	91.89	148.84	115.4	79.65	79.65	104.41	-1.59
Total Current Assets ₹				109.75	121.67	176.62	181.12	253.86	226.21	246.68	270.53	294.99	294.99	258.45	3.05
Net assets, bln ₹		1 306.49	1 595.82	1 746.09	1 924.35	2 084.46	2 143.54	2 067.89	2 028.48	246.68			223.76	1714.21	-34.74
Assets, bln ₹				1 956.45	2 143.27	2 473.58	2 566.53	2 557.49	2 509.43	2 502.96	2 508.91	2 661.07	2 661.07	2547.97	0.80
Short-Term Debt ₹				77.35	87.93	150.47	128.49	140.36	204.66	127.04	183.82	211.07	211.07	173.39	8.50
Long-Term Debt ₹				1 112.53	1 227.1	1 313.3	1 354.21	1 291.75	1 141.99	1 138.91	1 085.54	1 098.58	1 098.58	1151.35	-3.19
Liabilities, bln ₹				1 457.8	1 599.01	1 882.69	1 919.58	1 858.13	1 746.96	1 672.81	1 637.45	1 734.44	1 734.44	1729.96	-1.37
Net debt, bln ₹					1 293.14	1 427.29	1 434.3	1 387.23	1 320.88	1 214.03	1 240.95	1 271.68	1 271.68	1286.95	-1.72
Debt, bln ₹				1 189.88	1 315.03	1 463.76	1 482.7	1 432.1	1 346.65	1 265.95	1 269.36	1 309.65	1 309.65	1324.74	-1.77
Interest Income ₹				2.85	2.65	3.71	9.88	2.72	8.62	16.74				8.33	35.17
Interest Expense, bln ₹						98.92	99.16	87.86	79.1	96.34	87.73	87	87	87.61	-0.20
Net interest income, bln ₹				-59.64	-68.54	-84.78	-71.77	-80.86	-69.62	-96.34			16.74	-80.6740	2.59
Cost of production, bln ₹			4.22	8.31	9.07	11.34	11.44	11.7	13.16	13.26	14.97		14.97	12.91	5.53
Inventory ₹				9.07	10.49	12.47	14.33	13.67	13.57	13.4	14.06	18.03	18.03	14.55	5.69

	2010Q2	2010Q3	2010Q4	2011Q1	2019Q1	2019Q3	2020Q1	2020Q3	2021Q1	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	Average for 5 quarters	CAGR 5
Cash, bln ₹								44.59	44.87	36.79		25.77		21.37		51.92		46.93		28.41		38.47		37.97	40.74	-6.07
Short-Term Investments ₹								89.41	14.9	139.46		28.91		60.45		45.77		50.39		32.15		113.47		154.25	79.21	27.51
Long-Term Investments ₹		12.56		9.52		54.95																			25.68	63.55
Accounts Receivable ₹								63.96	36.76	63.65		94.75		141.87		142.32		116.41		115.4		108.16		79.65	112.39	-10.96
Total Current Assets ₹								284.91	254.43	258.49		223.76		242.96		246.68		234.66		270.53		283.37		294.99	266.05	3.64
Net assets, bln ₹		563.38		618.62		2 098.33	2 143.54	284.91	254.43	258.49		223.76		2 000.57		246.68									596.79	-0.62
Assets, bln ₹								2 585.2	2 557.49	2 565.16		2 509.43		2 526.45		2 502.96		2 455.02		2 508.91		2 552.97		2 661.07	2536.19	1.23
Short-Term Debt ₹						48			140.36	117.22		204.66		194.05		127.04		132.04		183.82		183.87		211.07	167.57	10.69
Long-Term Debt ₹								1 331.72	1 291.75	1 232.9		1 141.99		1 111.71		1 138.91		1 066.46		1 085.54		1 041.12		1 098.58	1086.12	-0.72
Liabilities, bln ₹								1 907.93	1 858.13	1 789.41		1 746.96		1 704.36		1 672.81		1 586.17		1 637.45		1 632.36		1 734.44	1652.65	0.73
Net debt, bln ₹								1 319.13	1 387.23	1 313.33		1 320.88		1 284.39		1 214.03		1 151.57		1 240.95		1 186.52		1 271.68	1212.95	0.93
Debt, bln ₹		727.48		401.62	1 463.76	1 370.7										1 265.95		1 198.5		1 269.36		1 224.99		1 309.65	1253.69	0.68
Interest Expense, bln ₹															30.12	24.75	20.57	23.41	24.46	21	20.39	24.41	19.17	23.03	21.60	1.86
Net interest income, bln ₹										-18.85	-18.45	-10.16	-19.6	-21.87	-30.12	-24.75	-20.57	-23.41	-24.46						-24.6620	-4.08
Cost of production, bln ₹	1.18	1.22	1.36	-1.01																					0.6875	-196.19
Inventory ₹								14.16	13.67	13.92		13.57		13.47		13.4		13.61		14.06		14.05		18.03	14.63	6.12

Share

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
EPS	5.47	15.94	19.18	20.59	12.94	24.12	22.1	16.74	16.69	16.69	18.52	5.22
Share price	200.35	199	190.2	189.8	204.35	213.85	237.2	308.6	287.45	287.45	250.29	7.06
Number of shares, mln			5231.58	6975	6975	6975.45	6975.45	9300.6	9300.6	9300.6	7905.42	5.92
FCF/share			1.78	37.6	28.6	26.03	44.59	27.83	13	13	28.01	-14.59

	2019Q4	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q3	2025Q1	2025Q2	2025Q3	Average for 5 quarters	CAGR 5
EPS		5.45	3.92	5.23	6.19	5.16	4.07	4.33	4.48	4.08	4.45			4.28	1.80
Share price		226.58	219.71	217.57	218.65	238.86	238.66	213.08			291.35	285.7	287.45	263.25	3.79
Number of shares, mln	5231.58													5231.58	0.00

	Average for 5 quarters	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
ROE, %		14.94	15.06	16.98	17.09	17.21	23.02	18.57	17.87	16.75	16.75	15.78	18.68	-0.54
ROA, %		3.81	3.83	4.06	4.31	4.71	6.64	6.16	6.21	5.83	5.83	7.47	5.91	4.36
ROIC, %	4.69	5.19	6.04	7.08	8.4	9.74	12.03	12.71	11.84		11.84	21.28	10.94	7.11
ROS, %		28.99	27.38	28.8	30.05	30.62	41.2	33.82	33.97	33.9	33.9	11.92	34.70	2.06
ROCE, %	27.97	30.25	31.65	34.12	34.05	34.03	11.19	32.34		28.97	28.97	11.17	28.12	-3.18
EBIT margin					59.85	60.54	59.08	58.89		58.62	58.62	14.90	59.40	-0.41
EBITDA margin			93.91	91.81	93.44	91.49	100.21	88.68		88.27	88.27	24.42	92.42	-1.13
Net margin		28.99	27.38	28.8	30.05	30.62	41.2	33.82	33.97	33.9	33.9	11.92	34.70	2.06
Operational efficiency, %		57.95	57	56.87	57.18	58.64	56.97	57.36	58.48	57.13	57.13	15.30	57.72	-0.52
FCF yield, %				0.9118						4.52	4.52	3.12	2.72	122.65

	2010Q3	2011Q1	2019Q1	2019Q3	2020Q1	2020Q3	2021Q1	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
ROE, %						4.57	5.04	4.35		5.45		4.44		6.56		8.9		4.78		4.12		4.47			15.78	5.77	-7.39
ROA, %						1.2	1.38	1.32		1.66		1.44		3.45		3.08		1.66		1.49		1.56			7.47	2.25	-14.68
ROS, %															32.56	33.56	34.88	40.3	33.83	33.63	34.38	33.75	35.23	33.9	11.92	34.18	0.16
ROCE, %	7.29	5.93	15.58	8.07	9.55	12.99						7.43		3.91									30.8	28.97	11.17	16.82	17.40
EBIT margin																							60.73	58.62	14.90	59.67	-1.75
EBITDA margin								91.43	89.76	100.48	87.19	86.1	90.23	90.92	89.49								91.44	88.27	24.42	90.07	-0.44
Net margin													32.37	35.23	32.56	33.56	34.88	40.3	33.83	33.63	34.38	33.75			11.92	35.18	-3.49
Operational efficiency, %															58.08	58.86	59.91	58.68	58.17	56.83	56.28	57.25	58.9	57.13	15.30	57.28	0.11

Coefficients

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
P/E			10.17	5.55	9.51	7	7.66	16.47	17.22	17.22	50.66	11.57	12.61
P/BV			1.73	0.9482	1.64	1.54	1.42	2.94	2.89	2.89	2.56	2.09	12.00
P/S			2.93	1.67	2.91	2.88	2.59	5.59	5.84	5.84	1.83	3.96	14.95
P/FCF			109.67				5.4	6.49	22.11	22.11	-87.91	35.92	-32.99
E/P			0.0984				0.0918	0.0927	0.0581	0.0581	0.07	0.0853	-12.34
EV/EBIT				16.95	9.37	10.35	8.92	14.18	14.8	14.8	6.74	11.52	9.57
EV/EBITDA			7.65	5.95	7.04	6.1	5.92			5.84	3.85	6.53	-5.00
EV/S			7.02	11.15	5.73	6.12	5.25	8.3	8.68	8.68	2.08	6.82	8.66
EV/FCF			263.14	20.87	11.29	13.76	7.7	14.7	32.86	32.86	-149.41	16.06	23.82
Debt/EBITDA		4.68	4.58	4.31	3.98	3.29	3.13	3.14	3.24	3.24	0.66	3.36	-4.03
Netdebt/Ebitda		4.6	4.46	4.17	3.86	3.23	3	3.07	3.15	3.15	0.55	3.26	-3.98
Debt/Ratio	0.6082	0.6136	0.5918	0.5777	0.56	0.5366	0.5058	0.5059	0.4922	0.4922	0.25	0.5201	-2.55
Debt/Equity	2.39	2.42	2.48	2.29	2.05	1.77	1.52	1.46	1.87	1.87	1.44	1.73	-1.82
Debt/Net Income	15.97	16.04	14.59	13.41	11.9	8	8.21	8.15	8.44	8.44	23.68	8.94	-6.64
PEG									10.8	10.8	-162.90	10.80	0.00
Beta						0	-0.1345	2.11	1.21	1.21	-0.02	1.06	-307.98
Altman Index			2			0	1.61	1.63	2.01	2.01	27.02	1.81	0.12

	2010Q3	2011Q1	2019Q1	2019Q3	2019Q4	2020Q3	2021Q1	2021Q3	2022Q1	2022Q3	2023Q1	2023Q3	2024Q1	2024Q3	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
P/E						20.87	14.96	12.13	10.33	9.72	14.36	19.48	18.71	27.96	17.01			50.66	19.50	3.45
P/BV						0.9533	1.64	1.72	2.06	1.74	1.38	2.14	2.94	3.57	2.92			2.56	2.59	16.17
P/S						6.78	5	4.04	3.64	3.44	4.89	6.73	6.76	9.98	5.98			1.83	6.87	4.11
P/FCF																6.49	22.11	-87.91	14.30	84.57
E/P					0.0264											0.0927	0.0581	0.07	0.0591	30.07
EV/EBIT																14.18	14.8	6.74	14.49	2.16
EV/EBITDA								6.45	7.06	7.06	5.85							3.85	6.61	-2.41
EV/S												26.72	36.81	39.62	32.37	8.61	8.68	2.08	25.22	-25.10
EV/FCF																14.7	32.86	-149.41	23.78	49.51
Debt/EBITDA																3.14	3.24	0.66	3.19	1.58
Netdebt/Ebitda						15	13.46	13.99	13.27	13.38	10.89					3.07	3.15	0.55	8.75	-25.00
Debt/Ratio		0.5171	0.5918	0.544							0.5058	0.4882	0.5059	0.4798	0.4922	0.5059	0.4922	0.25	0.4952	-0.55
Debt/Equity		1.88	2.48	2.19							1.52	1.38	1.46	1.33	1.41	1.88	1.87	1.44	1.59	5.07
Debt/Net Income	111.68	55.31	47.81	53.31								31.69	30.47	32.3	31.61	8.15	8.44	23.68	22.19	-22.64
PEG																-4.69	10.8	-162.90	3.06	-251.75
Beta															3.18	0.661	1.21	-0.02	1.68	-27.54
Altman Index															1.63	1.63	2.01	27.02	1.76	7.23

Dividends

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
Dividend payout, bln	11.04	13.13	30.34	45.15	44.26	68.22	85.45	112.19	97.66		97.66		81.56	17.15
Dividend		4.35	5.25	8.33	6	14	12.25	13.25	10.5	1.25	9		10.25	-38.32
Dividend yield, %		2.11	2.71	4.27	3.41	6.78	7.85	5.17	4.05	3.61	3.72	3.59	5.49	-11.84
Dividends / profit, %		17.62	37.01	45	40.02	56.68	51.83	55.42	72.04	62.92	62.92	115.83	59.78	2.11
Dividend coverage ratio						1.38	1.97	1.37	1.59	1.59	1.59	6.29	1.58	2.87

	2020Q4	2021Q1	2021Q3	2021Q4	2022Q1	2022Q3	2022Q4	2023Q1	2023Q3	2023Q4	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
Dividend	5	4	3	7	5.5	2.25	5	5	4.75	4				4.20	12.20
Dividend yield, %	2.76	1.89	1.55	3.54	2.64	1.02	2.3	2.29	1.99	1.88			3.59	1.90	13.01
Dividend coverage ratio											1.39	1.59	6.29	1.49	6.95

	Industry average	Average for 5 quarters	CAGR 5

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Other

IFRS

Reporting Annual

	2020	2021	2022	2023	2024	2025	LTM	CAGR 5
CAPEX/Revenue, %	30.88	24.46	19.51	15.14	24.89	52.7	52.7	16.59
Total Debt	409.98	403.67						-0.77
Staff, people				8 342	8 342			0.00

	CAGR 5

	CAGR 5