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Power Grid Corporation of India Ltd.
POWERGRIDLarge CapNSEBSE
Utilities · Power
₹265.55up 0.65up 0.25 percentas of 28 Aug 2026
Book value ₹108.39Div yield 3.39%
Key metrics
- Market Cap
- 2,48,279.62 ₹ cr
- P/E
- 15.47 x
- P/B
- 2.45 x
- ROE
- 10.33%
- ROCE
- 13.74%
- Debt to Equity
- 0.23 x
- Net Margin
- 18.03%
- Dividend Yield
- 3.39%
- Revenue Growth (YoY)
- 2.68%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE below 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue declined year-on-year in each of the last 3 years.
- Net margin declined year-on-year in 1 of the last 3 years.
- Promoter holding 51.3% (pledge data not available).
- Debt-to-equity 0.23 — below the Power median of 0.49.
POWERGRID
₹265.55up 0.25 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatModerate Return
10.94%ROCE
ROE: 18.61%·P/B: 2.45x
2. Forensic Health & SolvencyPiotroski 5/9 · Adequate Health
5/9Piotroski Score
Altman: 1.6 (Grey Zone)
3. Valuation & DCF Spread-99.6% Valuation Premium
₹1DCF Fair Value
CMP: ₹265.6
4. Ownership & GovernanceClean Promoter Holding
51.34%Promoter Stake
Pledged: 0.0%·Inst: 37.95%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #16 of 19 in UtilitiesQVGM 47/100
Quality (Q)52
ROE, ROCE, Margins & Cash Conversion
Value (V)79
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)24
3Y Sales & EPS Compounded Growth
Momentum (M)27
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #16 of 19 in Utilities
Valuation
Strong79/100
P/E Ratio:15.47x
P/B Ratio:2.45x
Dividend Yield:3.39%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Weak24/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Moderate52/100
ROE:18.6%
ROCE:10.9%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Moderate56/100
Piotroski F-Score:5/9
Altman Z-Score:1.57
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Weak27/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹251.35
From 52W High-17.25%
52-Week High₹320.90
Valuation MultiplesCash Flow & Yield
PEG Ratio14.42
Earnings Yield52.52%
Price / FCF—
FCF Yield-0.03%
Payout Ratio6.45%
Net-Net Ratio-1.35
Solvency & SafetyPiotroski & Altman
Piotroski F-Score5/9
Altman Z-Score1.57
Graham Number₹583.19
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▼ 0.69%
DII Stake:▲ +0.06%
OPM Margin:▼ 0.34%
Net Margin:▲ +8.49%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▼ 1.45% | ▲ +2.68% | -0.72% | -0.66% | 1.93% |
| Net Profit Growth | ▼ 55.42% | ▲ +8.39% | 22.68% | 7.23% | 9.88% |
| EPS Growth | ▼ 20.86% | ▼ 0.77% | 2.70% | 1.07% | 4.37% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — POWERGRID
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹0.7
Verdict:Overvalued (-99.7%)
Benjamin Graham Number
₹204.1
-23.1% vs CMPPeter Lynch Fair Value
₹85.7
-67.7% vs CMPReverse DCF Implied Growth
60.0% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹265.6
₹0 (Distress)CMP: ₹266DCF: ₹1Graham: ₹204
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR21.2%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 21.2% | ₹4,268 | 0.8969 | ₹3,828 |
| Year 2 | 21.2% | ₹5,172 | 0.8044 | ₹4,161 |
| Year 3 | 21.2% | ₹6,269 | 0.7214 | ₹4,522 |
| Year 4 | 21.2% | ₹7,598 | 0.6470 | ₹4,916 |
| Year 5 | 21.2% | ₹9,209 | 0.5803 | ₹5,344 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹1 -100% | ₹0 -100% | ₹-0 -100% | ₹-1 -100% | ₹-2 -101% |
| 11.0% | ₹1 -100% | ₹1 -100% | ₹0 -100% | ₹0 -100% | ₹-0 -100% |
| 11.5% | ₹1 -100% | ₹1 -100% | ₹1 -100% | ₹1 -100% | ₹-0 -100% |
| 12.0% | ₹1 -99% | ₹1 -100% | ₹1 -100% | ₹1 -100% | ₹0 -100% |
| 13.0% | ₹2 -99% | ₹2 -99% | ₹1 -99% | ₹1 -100% | ₹1 -100% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E15.47current
ReportedComputed, approximate
P/B2.45current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 15.47 | 2.45 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(2.22 / 5)
Strong Buy:7
Buy:7
Hold:6
Sell:3
Strong Sell:0
Coverage: 23 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Moderate risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:18.95%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +20.50%
Mean Target₹320.00vs CMP ₹265.55
High Target₹400.00+50.6% max upside
Low Target₹277.004.3% downside
Median Target₹314.0022 estimates
Low: ₹277.00Mean: ₹320.00High: ₹400.00
Mean Target Current Price (₹265.55)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024E10 Analysts
Mean Estimate
₹16.74
Low:—
High:—
FY2025E17 Analysts
Mean Estimate
₹16.39
Low:—
High:—
FY2026E17 Analysts
Mean Estimate
₹17.13
Low:—
High:—
FY2027E19 Analysts
Mean Estimate
₹18.18
Low:₹17.00
High:₹20.00
FY2028E19 Analysts
Mean Estimate
₹19.61
Low:₹16.00
High:₹22.00
FY2029E11 Analysts
Mean Estimate
₹21.30
Low:₹17.00
High:₹24.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹16.74 | — | — | 10 |
| FY2025 Forecast | ₹16.39 | — | — | 17 |
| FY2026 Forecast | ₹17.13 | — | — | 17 |
| FY2027 Forecast | ₹18.18 | ₹20.00 | ₹17.00 | 19 |
| FY2028 Forecast | ₹19.61 | ₹22.00 | ₹16.00 | 19 |
| FY2029 Forecast | ₹21.30 | ₹24.00 | ₹17.00 | 11 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
90-Day Earnings Revision Drift & Consensus Trajectory
Strong UpgradesTracking consensus forward EPS and revenue estimate drift across 34 institutional brokerages covering Power Grid Corporation of India Ltd. (POWERGRID).
Consensus Target Price
₹1,720.00+18.60%
CMP: ₹1,450.00Brokerage Ratings Split
26 Buy/6 Hold/2 Sell
34 Analysts TrackingLast 30-Day Upgrades
+8 Upgrades
Upward EPS RevisionsLast 30-Day Downgrades
1 Downgrades
Estimate Cuts| Period | Current Consensus EPS | 30 Days Ago | 60 Days Ago | 90 Days Ago | 90D Revision Drift | Consensus Rev (Cr) | Target Price |
|---|---|---|---|---|---|---|---|
| Q2 FY26 | ₹16.40 | ₹16.10 | ₹15.80 | ₹15.20 | ▲ +7.89% | ₹41,200 Cr | ₹1,680.00 |
| Q3 FY26 | ₹17.20 | ₹16.80 | ₹16.30 | ₹15.90 | ▲ +8.18% | ₹42,800 Cr | ₹1,710.00 |
| FY26E | ₹68.50 | ₹66.80 | ₹64.90 | ₹63.20 | ▲ +8.39% | ₹1,68,500 Cr | ₹1,720.00 |
| FY27E | ₹79.40 | ₹77.20 | ₹75.00 | ₹73.10 | ▲ +8.62% | ₹1,91,200 Cr | ₹1,950.00 |
Institutional Alpha Context:Academic research shows that companies experiencing consecutive positive earnings estimate revisions (trailing 90-day consensus EPS change > +5%) exhibit significant post-earnings announcement drift (PEAD) and forward price momentum.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
3 Factors- •Strong cash generation: Operating Cash Flow is 218.2% of reported Net Profit.
- •High promoter holding of 51.3% with zero encumbrance / pledge.
- •High institutional backing: FIIs & DIIs hold a combined 37.9%.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score5 / 9
● Moderate (Neutral)
Altman Z-Score1.57
● Grey Zone
Moderate risk; company exhibits average leverage and liquidity.
Beneish M-Score-2.86
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
18.8%Low Cash Conversion
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
8.4%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
91.4%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹18,702 CrInflow
18,702
+ D&A Non-Cash Charge₹13,567 CrAdd-back
13,567
Working Capital Adjustment₹8,531 Cr+ Cash
8,531
= Operating Cash Flow (CFO)₹40,800 CrOperating Cash
40,800
- Capital Expenditures (CapEx)-₹37,279 CrReinvestment
37,279
= Free Cash Flow (FCF)₹3,521 CrFree Cash Flow
3,521
- Dividends & Debt Repayment-₹4,115 CrCapital Return
4,115
= Net Change in Cash-₹594 CrNet Balance
594
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹33,666.32 | ₹35,588.11 | ₹38,159.71 | ₹39,534.33 | ₹42,840.57 | ₹42,827.68 | ₹42,298.67 | ₹41,995.41 |
| Operating profit | — | — | — | — | ₹20,002.11 | ₹21,658.84 | ₹22,032.18 | ₹27,123.84 | ₹26,811.85 | ₹27,062.89 | ₹26,696.36 | ₹26,362.71 |
| OPM | — | — | — | — | 59.41% | 60.86% | 57.74% | 68.61% | 62.59% | 63.19% | 63.11% | 62.78% |
| Net profit | — | — | — | — | ₹12,560.39 | ₹9,376.00 | ₹11,674.78 | ₹17,353.81 | ₹15,168.55 | ₹16,144.55 | ₹15,245.13 | ₹18,702.34 |
| EPS | — | — | — | — | 10.81 | 11.90 | 13.84 | 15.04 | 16.60 | 16.77 | 16.69 | 17.14 |
| Net margin | — | — | — | — | 37.31% | 26.35% | 30.59% | 43.90% | 35.41% | 37.70% | 36.04% | 44.53% |
| ROE | — | — | — | — | 21.26% | 14.49% | 16.69% | 22.76% | 18.27% | 18.53% | 16.45% | 18.61% |
| ROCE | 8.00% | 9.00% | 10.00% | 10.00% | 9.31% | 9.56% | 9.79% | 12.57% | 12.07% | 12.50% | 11.82% | 10.94% |
| Debt / equity | — | — | — | — | 2.48 | 2.29 | 2.05 | 1.82 | 1.55 | 1.42 | 1.41 | 1.47 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | -0.72% | -0.66% | 1.93% | — |
| Net profit | 22.68% | 7.23% | 9.88% | — |
| EPS | 2.70% | 1.07% | 4.37% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹2.47 L | ₹2.57 L | ₹2.56 L | ₹2.55 L | ₹2.52 L | ₹2.51 L | ₹2.66 L | ₹2.95 L |
| Total liabilities | — | — | — | — | ₹1.88 L | ₹1.92 L | ₹1.86 L | ₹1.79 L | ₹1.69 L | ₹1.64 L | ₹1.73 L | ₹1.94 L |
| Total equity | — | — | — | — | ₹59,088.39 | ₹64,695.35 | ₹69,936.07 | ₹76,256.29 | ₹83,026.29 | ₹87,145.11 | ₹92,662.81 | ₹1.00 L |
| Total debt | — | — | — | — | ₹1.46 L | ₹1.48 L | ₹1.43 L | ₹1.39 L | ₹1.29 L | ₹1.24 L | ₹1.31 L | ₹1.48 L |
| Cash | — | — | — | — | ₹382.33 | ₹581.64 | — | — | — | — | — | — |
| Current assets | — | — | — | — | ₹17,661.89 | ₹18,111.93 | ₹25,386.11 | ₹26,270.33 | ₹25,922.75 | ₹27,052.55 | ₹29,499.26 | ₹30,658.12 |
| Current liabilities | — | — | — | — | ₹32,614.93 | ₹30,081.58 | ₹30,553.58 | ₹39,495.00 | ₹30,064.90 | ₹34,420.82 | ₹40,245.12 | ₹53,798.35 |
| Inventory | — | — | — | — | ₹1,261.47 | ₹1,436.75 | ₹1,376.69 | ₹1,357.17 | ₹1,355.41 | ₹1,417.53 | ₹1,810.05 | ₹2,172.63 |
| Receivables | — | — | — | — | ₹4,728.10 | ₹5,040.71 | ₹10,810.01 | ₹13,369.56 | ₹15,712.44 | ₹15,867.38 | ₹16,339.04 | ₹17,375.51 |
| Payables | — | — | — | — | ₹365.13 | ₹226.54 | ₹187.48 | ₹267.10 | ₹327.79 | ₹371.36 | ₹620.44 | ₹955.81 |
| Net PP&E | — | — | — | — | ₹2.08 L | ₹2.14 L | ₹2.07 L | ₹2.03 L | ₹1.98 L | ₹1.94 L | ₹2.04 L | ₹2.19 L |
| Retained earnings | — | — | — | — | ₹44,201.82 | ₹49,858.13 | ₹55,059.05 | ₹69,280.84 | ₹67,844.80 | ₹72,162.55 | ₹77,902.22 | ₹85,433.50 |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹23,271.16 | ₹30,738.63 | ₹29,131.64 | ₹26,123.52 | ₹40,202.87 | ₹37,289.50 | ₹36,223.29 | ₹40,800.33 |
| Capital expenditure | — | — | — | — | ₹-22,450.66 | ₹-11,367.12 | ₹-9,363.55 | ₹-7,966.22 | ₹-8,242.63 | ₹-11,403.74 | ₹-24,134.04 | ₹-37,279.14 |
| Free cash flow | — | — | — | — | ₹820.50 | ₹19,371.51 | ₹19,768.09 | ₹18,157.30 | ₹31,960.24 | ₹25,885.76 | ₹12,089.25 | ₹3,521.19 |
| OCF / net profit | — | — | — | — | 1.85 | 3.28 | 2.50 | 1.51 | 2.65 | 2.31 | 2.38 | 2.18 |
| FCF / Capex intensity | — | — | — | — | 66.69 | 31.94 | 24.54 | 20.15 | 19.24 | 26.63 | 57.06 | 88.77 |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Cost of revenue | — | — | — | — | ₹323.20 | ₹385.32 | ₹531.62 | ₹634.56 | ₹448.07 | ₹510.88 | ₹556.52 | ₹583.07 |
| EBITDA | — | — | — | — | ₹30,543.06 | ₹33,617.34 | ₹34,420.76 | ₹40,385.48 | ₹40,629.63 | ₹40,630.02 | ₹40,101.86 | ₹39,930.00 |
| Income before tax | — | — | — | — | ₹11,674.04 | ₹12,906.75 | ₹15,139.03 | ₹20,139.38 | ₹17,453.05 | ₹19,085.34 | ₹19,017.89 | ₹17,321.03 |
| Interest expense | — | — | — | — | ₹9,528.55 | ₹10,878.45 | ₹8,063.47 | ₹7,486.53 | ₹9,596.75 | ₹8,415.61 | ₹8,662.42 | ₹10,866.31 |
| Tax expense | — | — | — | — | ₹-886.35 | ₹3,530.75 | ₹3,464.25 | ₹2,785.57 | ₹2,284.50 | ₹2,940.79 | ₹3,772.76 | ₹-1,381.31 |
| D&A | — | — | — | — | ₹10,540.95 | ₹11,958.50 | ₹12,388.58 | ₹13,261.64 | ₹13,817.78 | ₹13,567.13 | ₹13,405.50 | ₹13,567.29 |
| EBITDA margin | — | — | — | — | 90.72% | 94.46% | 90.20% | 102.15% | 94.84% | 94.87% | 94.81% | 95.08% |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 0.54 | 0.60 | 0.83 | 0.67 | 0.86 | 0.79 | 0.73 | 0.57 |
| Quick ratio | — | — | — | — | 0.50 | 0.55 | 0.79 | 0.63 | 0.82 | 0.74 | 0.69 | 0.53 |
| Interest coverage | — | — | — | — | 2.10 | 1.99 | 2.73 | 3.62 | 2.79 | 3.22 | 3.08 | 2.43 |
| Inventory days | — | — | — | — | 1,424.62 | 1,360.98 | 945.21 | 780.65 | 1,104.12 | 1,012.76 | 1,187.14 | 1,360.06 |
| Receivable days | 46.00 | 48.00 | 44.00 | 44.00 | 51.26 | 51.70 | 103.40 | 123.43 | 133.87 | 135.23 | 140.99 | 151.02 |
| Payable days | — | — | — | — | 412.35 | 214.59 | 128.72 | 153.64 | 267.02 | 265.32 | 406.92 | 598.33 |
| Cash conversion cycle | 46.00 | 48.00 | 44.00 | 44.00 | 1,063.53 | 1,198.09 | 919.89 | 750.44 | 970.97 | 882.67 | 921.21 | 912.74 |
| Working capital days | -356.00 | -306.00 | -250.00 | -220.00 | -201.00 | -274.00 | -187.00 | -241.00 | -168.00 | -134.00 | -166.00 | -229.00 |
| Fixed asset turnover | — | — | — | — | 0.16 | 0.17 | 0.18 | 0.19 | 0.22 | 0.22 | 0.21 | 0.19 |
| ROA | — | — | — | — | 5.08% | 3.65% | 4.57% | 6.80% | 6.01% | 6.43% | 5.73% | 6.35% |
| ROIC | — | — | — | — | 10.49% | 7.41% | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Balanced Return EngineFY2025-2026
Net marginProfitability
44.53%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.14
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
2.93
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
18.61%
Reported: 18.61%
5-Year Peer DuPont ROE Factor Matrix
Deconstructing Return on Equity into Profitability (Net Margin) × Efficiency (Asset Turnover) × Leverage (Equity Multiplier)
Balanced Engine
Latest Implied ROEFY2025-2026
18.61%
+1.3% vs Sector Median
Primary ROE DriverQuality Grade
Balanced Engine
Balanced contribution across margins, asset turnover, and capital structure
Financial Leverage RiskAssets / Equity
2.93x
Moderate Leverage (2.0x - 3.0x)
5-Year Factor Trajectory & ReconciliationValues in INR • Audited Financial Statements
| Fiscal Period | Net Margin % | × | Asset Turnover | × | Equity Multiplier | = | Implied ROE | Reported ROE | Quality Driver |
|---|---|---|---|---|---|---|---|---|---|
| FY2025-2026Latest | 44.53% | × | 0.14 | × | 2.93x | = | 18.61% | 18.61% | Balanced Engine |
| FY2024-2025 | 36.04% | × | 0.16 | × | 2.87x | = | 16.46% | 16.45% | Balanced Engine |
| FY2023-2024 | 37.70% | × | 0.17 | × | 2.88x | = | 18.53% | 18.53% | Balanced Engine |
| FY2022-2023 | 35.41% | × | 0.17 | × | 3.04x | = | 18.27% | 18.27% | Leverage-Fueled |
| FY2021-2022 | 43.90% | × | 0.15 | × | 3.35x | = | 22.75% | 22.76% | Leverage-Fueled |
DuPont Factor Data reconciled from audited MCA / SEBI balance sheet and income filings.Deep 5-Stage DuPont ROE Breakdown
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 13 Aug 2026 | dividend | 12% |
| 09 Feb 2026 | dividend | 32% | |
| 2025 | 10 Nov 2025 | dividend | 45% |
| 19 Aug 2025 | dividend | 12% | |
| 07 Feb 2025 | dividend | 32% | |
| 2024 | 14 Nov 2024 | dividend | 45% |
| 16 Aug 2024 | dividend | 27% | |
| 15 Feb 2024 | dividend | 45% | |
| 2023 | 16 Nov 2023 | dividend | 40% |
| 12 Sept 2023 | bonus | 1:3 | |
| 08 Aug 2023 | dividend | 47% | |
| 08 Feb 2023 | dividend | 50% | |
| 2022 | 15 Nov 2022 | dividend | 50% |
| 22 Aug 2022 | dividend | 22% | |
| 17 Feb 2022 | dividend | 55% | |
| 2021 | 23 Dec 2021 | dividend | 40% |
| 23 Dec 2021 | dividend | 30% | |
| 10 Sept 2021 | dividend | 30% | |
| 30 Jul 2021 | bonus | 1:3 | |
| 09 Mar 2021 | dividend | 40% | |
| 2020 | 19 Dec 2020 | dividend | 50% |
| 04 Sept 2020 | dividend | 40% | |
| 17 Mar 2020 | dividend | 59% | |
| 2019 | 21 Aug 2019 | dividend | 25% |
| 21 Aug 2019 | dividend | 25% | |
| 15 Mar 2019 | dividend | 58% | |
| 15 Mar 2019 | dividend | 58% | |
| 2018 | 12 Sept 2018 | dividend | 28% |
| 12 Sept 2018 | dividend | 28% | |
| 09 Feb 2018 | dividend | 24% | |
| 2017 | 13 Sept 2017 | dividend | 33% |
| 17 Feb 2017 | dividend | 10% | |
| 2016 | 10 Sept 2016 | dividend | 15% |
| 04 Feb 2016 | dividend | 8% | |
| 2015 | 09 Sept 2015 | dividend | 13% |
| 10 Mar 2015 | dividend | 6% | |
| 2014 | 06 Sept 2014 | dividend | 13% |
| 05 Mar 2014 | dividend | 12% | |
| 2013 | 07 Sept 2013 | dividend | 11% |
| 19 Feb 2013 | dividend | 16% | |
| 2012 | 07 Sept 2012 | dividend | 13% |
| 14 Feb 2012 | dividend | 8% | |
| 2011 | 08 Sept 2011 | dividend | 13% |
| 14 Feb 2011 | dividend | 5% | |
| 2010 | 09 Sept 2010 | dividend | 10% |
| 12 Jan 2010 | dividend | 5% | |
| 2009 | 25 Aug 2009 | dividend | 7% |
| 05 Feb 2009 | dividend | 5% | |
| 2008 | 03 Sept 2008 | dividend | 7% |
| 11 Mar 2008 | dividend | 5% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 17 dividend distributions
Latest Year DPS:₹4.50
Yield on CMP:1.69%
3Y Dividend CAGR:-31.1%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹63.50
₹4.5
2026
₹9.0
2025
₹11.8
2024
₹13.8
2023
₹10.5
2022
₹14.0
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 13 Aug 2026 | ₹1.25 | Final |
| 09 Feb 2026 | ₹3.25 | Interim |
| 10 Nov 2025 | ₹4.50 | Interim |
| 19 Aug 2025 | ₹1.25 | Final |
| 07 Feb 2025 | ₹3.25 | Interim |
| 14 Nov 2024 | ₹4.50 | Interim |
| 16 Aug 2024 | ₹2.75 | Final |
| 15 Feb 2024 | ₹4.50 | Interim |
| 16 Nov 2023 | ₹4.00 | Interim |
| 08 Aug 2023 | ₹4.75 | Final |
| 08 Feb 2023 | ₹5.00 | Interim |
| 14 Nov 2022 | ₹5.00 | Interim |
| 16 Feb 2022 | ₹5.50 | Interim |
| 22 Dec 2021 | ₹4.00 | Interim |
| 22 Dec 2021 | ₹3.00 | Special |
| 08 Sept 2021 | ₹3.00 | Final |
| 08 Mar 2021 | ₹4.00 | Interim |
Sub-Industry Leaderboard & Peer Comparison
Sub-Industry Peer Leaderboard
Transformers, cables, switchgear, and power transmission equipment.
Ranking 5 listed peers for Power Grid Corporation of India Ltd. by key profitability and valuation metrics. Click a column header to re-sort. Colour coding: top third / middle / bottom third.
| # | Company | ROCE % | 3Y Rev CAGR | OPM % | P/E | Mkt Cap |
|---|---|---|---|---|---|---|
| 1 | Adani Power Ltd.ADANIPOWER | — | — | — | 31.9x | ₹3.83L Cr |
| 2 | NTPC Ltd.NTPC | — | — | — | — | ₹3.21L Cr |
| 3 | Adani Green Energy Ltd.ADANIGREEN | — | — | — | 129.8x | ₹2.01L Cr |
| 4 | Adani Energy Solutions Ltd.ADANIENSOL | — | — | — | 83.2x | ₹1.79L Cr |
| 5 | Tata Power Co. Ltd.TATAPOWER | — | — | — | 30.1x | ₹1.11L Cr |
Sub-industry classification uses a proprietary 3-tier taxonomy (Sector → Industry → Sub-Industry). Metrics are trailing twelve-month (TTM) or most recent available annual data. This leaderboard is for informational and comparative purposes only — not a buy or sell recommendation per SEBI guidelines.
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Market Cap2,48,279.62 ₹ cr
Beats 90% of 20 industry peers · median 35,619.45 ₹ cr
P/E15.47 x
Beats 24% of 17 industry peers · median 30.05 x
P/B2.45 x
Beats 50% of 18 industry peers · median 2.45 x
ROE10.33%
Beats 42% of 19 industry peers · median 17.27%
ROCE13.74%
Beats 47% of 19 industry peers · median 15.02%
Debt to Equity0.23 x
Beats 16% of 19 industry peers · median 0.49 x
Net Margin18.03%
Beats 68% of 19 industry peers · median 16.52%
Dividend Yield3.39%
Beats 82% of 11 industry peers · median 1.64%
Revenue Growth (YoY)2.68%
Beats 16% of 19 industry peers · median 12.16%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Adani Power Ltd.ADANIPOWER | ₹3.83 L | 31.95 | 6.31 |
NTPC Ltd.NTPC | ₹3.21 L | — | — |
Adani Green Energy Ltd.ADANIGREEN | ₹2.01 L | 129.81 | 10.82 |
Adani Energy Solutions Ltd.ADANIENSOL | ₹1.79 L | 83.23 | 7.47 |
Tata Power Co. Ltd.TATAPOWER | ₹1.11 L | 30.05 | 2.85 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Power Grid Corporation of India Ltd. (POWERGRID)
Indexed Documents7 Filings
Latest Disclosure28 Jul 2026
Investor Deck28 Jul 2026
Power Grid Corporation of India Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Corporate Action23 Jun 2026
Power Grid Corporation of India Ltd: Recommendation of Final Dividend for the Financial Year 2025-26
Board Outcome09 Jun 2026
Power Grid Corporation of India Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
Press Release03 Jun 2026
Power Grid Corporation of India Ltd: Press Release: Business Updates and New Strategic Initiatives
Concall Transcript27 May 2026
Power Grid Corporation of India Ltd: Transcript of Earnings Conference Call with Institutional Investors
Shareholding30 Apr 2026
Power Grid Corporation of India Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
News
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For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.