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POWERGRID · Power Grid Corporation of India Ltd · Electric Utilities

POWERGRID · Power Grid Corporation of India Ltd · Electric Utilities

₹259.9-0.5%

As of 06 Nov close

52-week range

52wk low ₹242.352wk high ₹324.95

20.0% below 52-week high

52-week range: as of 06 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:64 out of 100(+4 vs previous session)

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

Stock Condition as of 06 Nov 2026 close

Slowest input: promoter pledge (disclosed quarterly), as of 18 Jul 2026

Full signal detail →

Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Operating margin above its own averageDebt-to-equity above 1x

Revenue (latest Q)

₹11,497 Cr

Revenue YoY

PAT YoY

+8.4%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

2.5

P/S (TTM)

5.3

Sector P/E

15.1

Dividend yield

+3.3%

CompanyP/EP/BNet marginROED/EDiv. yield
POWERGRID (this stock)16.82.5+40.4%+18.9%1.47+3.3%
Adani Power30.16+24.1%+21.9%0.840.0%
Adani Green Energy136.310.4+13.2%+8.9%5.080.0%
Adani Energy Solutions90.28.1+8.5%+9.6%179.44Not available from data source

Promoter

stable

FII

falling 1q

MF

13.62% (+0.06pp)

rising 1q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

Concalls & investor presentations

AI-generated
Concall transcriptMixed14 Aug 2026
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Key takeaway: The earnings call for Power Grid Corporation of India Limited on August 7, 2026, provided insights into the company's financial performance for Q1 FY 2026-27. Management reported that gross fixed assets reached approximately Rs. 3.25 lakh crore, with a transmission capacity of 634,516 MVA and a system availability of 99.8%. The company commissioned 1,635 circuit kilometers of transmission lines during the quarter, achieving 35% of last year's first-quarter performance. Management highlighted a capital expenditure (capex) guidance of Rs. 37,000 crore, with actual capex exceeding 10% compared to the previous year. The total income increased to Rs. 11,697 crore, while profit after tax (PAT) slightly decreased to Rs. 3,598 crore. Management noted regulatory impacts on revenue and profitability, particularly concerning depreciation and interest adjustments. The company emphasized its strong order pipeline and ongoing projects in renewable energy integration.

Management highlighted both achievements and challenges in financial performance and regulatory impacts.

Sourced from an exchange-filed transcript, dated 14 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationNeutral07 Aug 2026
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Key takeaway: The investor presentation from Power Grid Corporation of India Limited, dated August 7, 2026, provided an overview of the company's financial performance and operational highlights for the quarter ended June 30, 2026. Management reported gross fixed assets exceeding ₹3.25 lakh crore and a transmission line network of 1,86,595 circuit kilometers. The company achieved a system availability of 99.80%. In terms of financial performance, total income for Q1FY27 was ₹11,697 crore, reflecting a 2% year-on-year increase. Profit after tax was reported at ₹3,598 crore, a slight decrease of 1% compared to the previous year. The presentation outlined a robust order pipeline of approximately ₹1.75 lakh crore and a bidding pipeline exceeding ₹1.19 lakh crore. Management emphasized the company's commitment to sustainability, with significant achievements in renewable energy usage and waste management. The document also highlighted various accolades received by the company for its initiatives and performance.

The presentation provided a balanced overview of operational and financial metrics without strong emphasis on growth or challenges.

Sourced from an exchange-filed presentation, dated 07 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive25 May 2026
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Key takeaway: The transcript of the Analysts’ and Institutional Investors’ Meet held on May 18, 2026, for Power Grid Corporation of India Limited (POWERGRID) detailed the company's performance and strategic initiatives. Management highlighted the ongoing transformation in India's power sector, emphasizing the company's role in enhancing the national grid and integrating renewable energy. The Chairman and Managing Director, Shri Burra Vamsi Rama Mohan, reported strong operational performance, with significant capital expenditure exceeding guidance and a focus on technology adoption. The company achieved a profit after tax of ₹15,928 crores, reflecting a 3% increase. Management discussed various projects, including HVDC systems and battery energy storage systems, and outlined future opportunities in the transmission sector, driven by government initiatives and growing energy demands. The session concluded with a Q&A segment addressing analysts' inquiries about financial performance and project execution.

Management emphasized strong performance and growth opportunities in the transmission sector.

Sourced from an exchange-filed transcript, dated 25 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive18 May 2026
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Key takeaway: The investor presentation for Power Grid Corporation of India Limited, dated May 18, 2026, outlined the company's strong performance and strategic initiatives. Management reported that they exceeded guidance in capital expenditure, capitalization, and system availability. Key highlights included the commissioning of a 765 kV digital substation and the deployment of insulated cross arms on 400 kV lines. The presentation detailed a robust order pipeline of approximately ₹1.7 lakh crore and a bidding pipeline exceeding ₹1.1 lakh crore. Financial performance showed a slight decline in transmission charges but an increase in consultancy services revenue. The company maintained a strong credit profile with AAA ratings from multiple agencies. Sustainability efforts were emphasized, with goals for net zero emissions by 2047 and significant CSR initiatives. Overall, the presentation showcased Power Grid's leadership in the power transmission sector and commitment to innovation and sustainability.

Management highlighted strong performance and strategic growth initiatives.

Sourced from an exchange-filed presentation, dated 18 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive01 Apr 2026
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Key takeaway: The transcript of the webinar held on March 23, 2026, by Power Grid Corporation of India Limited included remarks from senior management, led by Dr. R.K. Tyagi, Chairman and Managing Director. Management expressed confidence in achieving and surpassing previously set commitments, emphasizing the company's role in India's energy transition and infrastructure development. Dr. Tyagi outlined the company's plans for capital expenditure (Capex), stating a revised Capex guidance of over Rs. 35,000 crore for the current financial year, with future projections indicating continued growth. The management highlighted the importance of renewable energy expansion and the need for enhanced transmission systems to meet increasing electricity demand. They reported a strong execution track record and a commitment to maintaining high reliability in their transmission network. The Q&A session addressed concerns about project execution challenges, inflationary impacts, and the company's strategy for participating in upcoming projects, including intrastate and battery energy storage initiatives.

Management conveyed confidence in achieving growth and addressing challenges.

Sourced from an exchange-filed transcript, dated 01 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive23 Mar 2026
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Key takeaway: The investor presentation by Power Grid Corporation of India Limited on March 23, 2026, outlined the company's position as a leading power transmission utility in India, holding an 84% share of the ISTS network. Management highlighted the structural demand drivers for transmission, including rising power demand, renewable energy expansion, and new demand centers. The presentation detailed a multi-year capital expenditure plan, with a revised capex guidance of ₹35,540 Cr. achieved as of March 22, 2026. Management reported strong operational metrics, including high availability rates and a significant commissioning of transmission lines and substations. The company emphasized its commitment to shareholder value creation, with a cumulative dividend of over ₹50,000 Cr. paid from FY21 to FY26. Additionally, the presentation discussed the consolidation of special purpose vehicles (SPVs) to enhance governance and monitoring.

Management emphasized growth opportunities and strong operational performance.

Sourced from an exchange-filed presentation, dated 23 Mar 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive09 Feb 2026
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Key takeaway: The earnings call for Power Grid Corporation of India Limited, held on February 2, 2026, featured management discussing the company's recent achievements and financial performance for the third quarter and nine months ended December 31, 2025. Dr. R.K. Tyagi, Chairman and Managing Director, highlighted that POWERGRID has surpassed ₹3 trillion in gross fixed assets and is on track to exceed its annual capital expenditure guidance of ₹32,000 crores. The company reported a total income of ₹35,714 crores for the nine-month period, with a profit after tax of ₹11,382 crores. Management noted improvements in project execution and operational reliability, with a transmission system availability of 99.84%. The discussion also covered challenges such as land acquisition and supply chain constraints, while emphasizing ongoing initiatives in renewable energy and ESG commitments. The call concluded with a Q&A session addressing various investor inquiries.

Management emphasized achievements and improvements in performance.

Sourced from an exchange-filed transcript, dated 09 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26366 pages

The annual report for Power Grid Corporation of India Limited for FY 2025-26 outlines the company's commitment to enhancing India's energy infrastructure through significant capital expenditure and innovative project execution. Management highlighted the importance of digitalization and sustainability in operations, emphasizing the integration of renewable energy sources into the national grid. The report also details the company's governance framework, risk management strategies, and ongoing efforts to foster stakeholder engagement and corporate social responsibility.

  • Management emphasized the role of digitalization in enhancing project execution and governance.
  • The company set a goal to achieve significant capital expenditure to support energy transition.
  • Management highlighted sustainability initiatives, including the use of renewable energy and eco-friendly technologies.
  • The report detailed a robust governance framework to ensure transparency and accountability.
  • Management underscored the importance of stakeholder engagement in shaping corporate strategy.

Key takeaway: The report underscores Power Grid's strategic focus on digitalization and sustainability to enhance India's energy infrastructure.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 29 Jul 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Auditor Qualification (1 item); Regulatory Action (3 items); Default / Covenant Breach (2 items)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Auditor Qualification

1 occurrence

Recent (last 12 months)

Annual Report29 Jul 2026 (FY2025-26)
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The Statutory Auditors have issued a modified opinion in the audit report.

Regulatory Action

3 occurrences

Recent (last 12 months)

Annual Report29 Jul 2026 (FY2025-26)· 5 passages
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POWERGRID requested BSE and NSE for waiver of fines levied during the period when it was non-compliant with the requirement of having a Woman Director / Independent Woman Director and other statutory committee reconstitution requirements under the Companies Act, 2013 and SEBI LODR regulations.

Earlier (1-3 years ago)

Annual Report03 Aug 2025 (FY2024-25)· 2 passages
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The company was fined by NSE and BSE for non-compliance with SEBI LODR provisions, including failure to submit information on interest payment obligations and committee composition requirements.

Annual Report31 Jul 2024 (FY2023-24)
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POWERGRID has been non-compliant with the required number of Independent Directors, including one independent woman director, from July 2021, leading to NSE and BSE seeking clarifications and imposing penalties for FY 2020-21 to FY 2023-24. The company has requested a waiver of fines and is seeking the Government of India's assistance to fill the vacant independent director positions.

Default / Covenant Breach

2 occurrences

Earlier (1-3 years ago)

Annual Report03 Aug 2025 (FY2024-25)
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The company has undisputed statutory dues pending for more than six months, including income tax and service tax disputes with various authorities.

Annual Report31 Jul 2024 (FY2023-24)· 3 passages
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The company has a late payment surcharge (LPS) applicable for outstanding dues after 45 days, with the base rate linked to SBI's one-year MCLR plus 500 bps.

Routine disclosures

Contingent Liability

3 occurrences

Recent (last 12 months)

Annual Report29 Jul 2026 (FY2025-26)· 10 passages
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The company has a contingent liability of ₹2,202.89 crore related to a dispute with M/s Deepak Cables (India) Limited, where the latter revised its claim to ₹585 crore, but the Delhi High Court stayed the arbitral proceedings.

Earlier (1-3 years ago)

Annual Report03 Aug 2025 (FY2024-25)· 10 passages
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The company has contingent liabilities, including claims against it that are not acknowledged, as disclosed in the annual report.

Annual Report31 Jul 2024 (FY2023-24)· 9 passages
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The company has contingent liabilities related to claims not acknowledged as debts by contractors for supply and installation of equipment and execution of work.

Related-Party Transaction

3 occurrences

Recent (last 12 months)

Annual Report29 Jul 2026 (FY2025-26)· 6 passages
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The company has provided an advance of ₹100 crore to Energy Efficiency Service Limited (EESL), a joint venture, for the purchase of a building, which is repayable along with interest at SBI MCLR rate in case of breach of contract. This is mentioned in Note 55: Related Party Disclosure.

Earlier (1-3 years ago)

Annual Report03 Aug 2025 (FY2024-25)· 2 passages
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The company has disclosed loans to various joint ventures and subsidiaries, including Powergrid Bidar Transmission Limited, Powergrid Khavda IV-E2 Power Transmission Limited, and others, as part of related party transactions under Ind AS 24.

Annual Report31 Jul 2024 (FY2023-24)· 2 passages
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The company's Board approved the purchase of 130,000 equity shares held by IL&FS Energy Development Co Ltd in PTCN, a joint venture. The proposal is under review by NCLAT.

Statutory dues in dispute

1 occurrence

Recent (last 12 months)

Annual Report29 Jul 2026 (FY2025-26)Disputed tax/statutory dues under appeal, not a loan default· 2 passages
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The company has statutory dues under various acts (Income Tax, Service Tax, Customs, etc.) that are disputed and pending before different forums, with amounts ranging from ₹ in Crore and periods from FY 2007-08 to FY 2025-26.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

0.41% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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