POWERGRID · Power Grid Corporation of India Ltd · Electric Utilities
POWERGRID · Power Grid Corporation of India Ltd · Electric Utilities
As of 06 Nov close
52-week range
20.0% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
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
Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
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%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| POWERGRID (this stock) | 16.8 | 2.5 | +40.4% | +18.9% | 1.47 | +3.3% |
| Adani Power | 30.1 | 6 | +24.1% | +21.9% | 0.84 | 0.0% |
| Adani Green Energy | 136.3 | 10.4 | +13.2% | +8.9% | 5.08 | 0.0% |
| Adani Energy Solutions | 90.2 | 8.1 | +8.5% | +9.6% | 179.44 | Not 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
- loweconomictimes.indiatimes.com· 03 Nov 2026, 05:39 pmMarket wrap: BSE, Nestle India, Power Grid, SBI top gainers and losers on Nifty and Sensex on Tuesday
- lowlivemint.com· 03 Nov 2026, 01:01 pmWho is Pankaj Pandey? Power Grid's new Director (Operations) to succeed Naveen Srivastava in December
- lowrediff.com· 02 Nov 2026, 10:32 amStock Markets Today: Sensex. Nifty Surge on Reliance Boost
- unknownthehindubusinessline.com· 31 Oct 2026, 09:51 pmMovers & Shakers: Stocks that will see action this week
- mediumeconomictimes.indiatimes.com· 29 Oct 2026, 11:01 amWhy is market rising today? Sensex jumps 600 points, Nifty nears 22,900. 6 key factors behind Rs 3 lakh crore gains
- mediumeconomictimes.indiatimes.com· 29 Oct 2026, 10:25 amSensex jumps over 500 points, Nifty above 22,850 after Fed keeps rates unchanged. What lies ahead?
- lowthehindubusinessline.com· 27 Oct 2026, 04:27 pmICICI Prudential BSE Power ETF NFO opens October 26 with ₹1,000 minimum investment
- lowthehindubusinessline.com· 26 Oct 2026, 06:47 amStocks to watch October 26: Raymond, RailTel, KEC Intl, Honasa, BL Kashyap, Lupin, Orchid Pharma, Gland Pharma among 15 stocks to be in focus
- mediumeconomictimes.indiatimes.com· 09 Oct 2026, 09:29 amWhy is market rising today? Sensex jumps 700 points, Nifty above 22,450. 6 key factors driving D-Street rebound after crash
- mediumrediff.com· 23 Sept 2026, 05:10 pmSensex, Nifty Rebound on Easing Crude, Hopes of West Asia De-escalation
- loweconomictimes.indiatimes.com· 21 Sept 2026, 05:49 amWhy Indian companies are rushing to tap the bond market
- unknowneconomictimes.indiatimes.com· 17 Sept 2026, 04:30 pmIndia’s ‘anti-AI’ trade hides 42 AI-enabler stocks that rallied 60% already: Goldman Sachs
- unknownthehindubusinessline.com· 10 Sept 2026, 01:13 pmSensex, Nifty trade firm in mid-session; crude prices, geopolitical tensions keep risk appetite subdued
- unknownrediff.com· 10 Sept 2026, 10:53 amStock Markets Today: Sensex, Nifty Flat in Early Trade; Oil Above $100
- unknowneconomictimes.indiatimes.com· 09 Sept 2026, 09:31 amLargecap safety trade? 8 Nifty stocks test investor patience with losses for two years
- lowbusiness-standard.com· 07 Sept 2026, 01:58 pm18 SME stocks at new highs; BSE SME IPO up 57% since Apr, nears record high
- unknownrediff.com· 03 Sept 2026, 10:45 amStock Markets Today: Sensex, Nifty Gain on Bank Stocks, Global Cues
- unknowneconomictimes.indiatimes.com· 26 Aug 2026, 04:31 pmMarket wrap: Kotak Bank, Power Grid among top gainers and losers on Nifty and Sensex on Wednesday
- mediummacrorediff.com· 25 Aug 2026, 10:49 amStock Markets Today: Sensex, Nifty Dip Amid US-Iran Standoff, High Crude Prices
- lowthehindubusinessline.com· 24 Aug 2026, 01:26 pmNifty slips below 24,200 as banks drag; metals, IT buck trend
Concalls & investor presentations
AI-generatedKey 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.
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.
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.
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.
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.
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.
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-generatedThe 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.
Governance disclosures
AI-generatedNeeds 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 occurrenceRecent (last 12 months)
The Statutory Auditors have issued a modified opinion in the audit report.
Regulatory Action
3 occurrencesRecent (last 12 months)
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)
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.
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 occurrencesEarlier (1-3 years ago)
The company has undisputed statutory dues pending for more than six months, including income tax and service tax disputes with various authorities.
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 occurrencesRecent (last 12 months)
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)
The company has contingent liabilities, including claims against it that are not acknowledged, as disclosed in the annual report.
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 occurrencesRecent (last 12 months)
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)
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.
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 occurrenceRecent (last 12 months)
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 occurrenceRecent (last 12 months)
0.41% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).