Power Grid Corporation of India (POWERGRID) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+2.25%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 24.3%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 15.3%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹254.52

200-Day DMA ● Overlay

₹236.06

14-Day RSI ● Overlay

59.9 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹2.37 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

14.9x

Price / EPS

Book Value (₹) Assets

₹108.0

P/B: 2.4x

ROE (%) Quality

15.3%

Net Profit / Equity

ROCE (%) Efficiency

9.1%

EBIT / Capital

Dividend Yield Yield

3.54%

Face Value: ₹10

Debt / Equity Solvency

1.47x

Manageable

EPS (TTM) Per Share

₹17.08

Trailing 12M

OPM (%) Spread

73.0%

EBITDA Margin

Free Cash Flow Cash

₹3,687 Cr

CFO - Capex

About Power Grid Corporation of India

Power Grid Corporation of India Ltd (POWERGRID) is a leading Indian enterprise operating in the Power & Utilities sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 52.6% × Turnover: 0.85x × Leverage: 2.47x = ROE: 15.3%

✓ Company Strengths (Pros)

• Delivers solid shareholder returns with an ROE of 15.3%.
• Trading at an attractive valuation with a conservative P/E of 14.9x.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 1.47x.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹47,033 Cr

Latest PAT

₹15,896 Cr

EPS (TTM)

₹17.08

OPM %

73.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹11,048 Cr	₹11,267 Cr	₹11,550 Cr	₹11,978 Cr	₹11,006 Cr	₹11,278 Cr	₹11,233 Cr	₹12,275 Cr	₹11,196 Cr	₹11,476 Cr	₹12,395 Cr	₹11,666 Cr	₹11,497 Cr
Operating Profit (EBITDA)	₹9,332 Cr	₹9,710 Cr	₹10,175 Cr	₹9,923 Cr	₹9,540 Cr	₹9,597 Cr	₹9,533 Cr	₹10,194 Cr	₹9,102 Cr	₹9,055 Cr	₹10,607 Cr	₹5,303 Cr	₹9,430 Cr
OPM %	84.0%	86.0%	88.0%	83.0%	87.0%	85.0%	85.0%	83.0%	81.0%	79.0%	86.0%	45.0%	82.0%
Interest Expense	₹2,057 Cr	₹2,341 Cr	₹2,446 Cr	₹1,928 Cr	₹2,039 Cr	₹2,441 Cr	₹1,917 Cr	₹2,303 Cr	₹1,934 Cr	₹2,148 Cr	₹2,190 Cr	₹2,175 Cr	₹2,023 Cr
Depreciation	₹3,266 Cr	₹3,277 Cr	₹3,293 Cr	₹3,259 Cr	₹3,200 Cr	₹3,292 Cr	₹3,216 Cr	₹3,196 Cr	₹3,130 Cr	₹3,223 Cr	₹3,381 Cr	₹3,295 Cr	₹3,128 Cr
Profit before Tax (PBT)	₹4,218 Cr	₹4,355 Cr	₹4,816 Cr	₹5,125 Cr	₹4,603 Cr	₹4,678 Cr	₹4,952 Cr	₹5,062 Cr	₹4,499 Cr	₹4,395 Cr	₹5,497 Cr	₹155.00 Cr	₹4,481 Cr
Net Profit (PAT)	₹3,597 Cr	₹3,781 Cr	₹4,028 Cr	₹4,166 Cr	₹3,724 Cr	₹3,793 Cr	₹3,862 Cr	₹4,143 Cr	₹3,631 Cr	₹3,566 Cr	₹4,185 Cr	₹4,546 Cr	₹3,598 Cr
EPS in ₹	₹3.87	₹4.07	₹4.33	₹4.48	₹4.00	₹4.08	₹4.15	₹4.45	₹3.90	₹3.83	₹4.50	₹4.89	₹3.87

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹17,540 Cr	₹20,652 Cr	₹25,697 Cr	₹29,954 Cr	₹35,059 Cr	₹37,744 Cr	₹39,640 Cr	₹41,622 Cr	₹45,581 Cr	₹45,843 Cr	₹45,792 Cr	₹46,733 Cr	₹47,033 Cr
Expenses	₹2,613 Cr	₹2,468 Cr	₹3,247 Cr	₹3,993 Cr	₹8,140 Cr	₹4,858 Cr	₹4,734 Cr	₹5,796 Cr	₹7,001 Cr	₹6,599 Cr	₹7,013 Cr	₹13,901 Cr	₹12,639 Cr
Operating Profit	₹14,927 Cr	₹18,184 Cr	₹22,450 Cr	₹25,961 Cr	₹26,920 Cr	₹32,886 Cr	₹34,906 Cr	₹35,826 Cr	₹38,580 Cr	₹39,244 Cr	₹38,779 Cr	₹32,831 Cr	₹34,395 Cr
OPM %	85%	88%	87%	87%	77%	87%	88%	86%	85%	86%	85%	70%	73%
Interest	₹4,081 Cr	₹5,086 Cr	₹6,204 Cr	₹7,324 Cr	₹8,737 Cr	₹9,509 Cr	₹8,135 Cr	₹8,036 Cr	₹9,634 Cr	₹8,773 Cr	₹8,700 Cr	₹8,448 Cr	₹8,536 Cr
Depreciation	₹5,173 Cr	₹6,182 Cr	₹7,722 Cr	₹9,231 Cr	₹10,541 Cr	₹11,607 Cr	₹12,039 Cr	₹12,872 Cr	₹13,333 Cr	₹13,095 Cr	₹12,904 Cr	₹13,030 Cr	₹13,028 Cr
Profit before Tax	₹6,404 Cr	₹7,572 Cr	₹9,457 Cr	₹13,471 Cr	₹9,147 Cr	₹14,590 Cr	₹15,501 Cr	₹19,610 Cr	₹17,702 Cr	₹18,514 Cr	₹19,294 Cr	₹14,547 Cr	₹14,529 Cr
Net Profit	₹5,046 Cr	₹5,959 Cr	₹7,451 Cr	₹8,204 Cr	₹10,034 Cr	₹11,059 Cr	₹12,036 Cr	₹16,824 Cr	₹15,417 Cr	₹15,573 Cr	₹15,521 Cr	₹15,928 Cr	₹15,896 Cr
EPS in Rs	5.43	6.41	8.01	8.82	10.79	11.89	12.94	18.09	16.58	16.74	16.69	17.13	17.09

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹5,232 Cr	₹5,232 Cr	₹5,232 Cr	₹5,232 Cr	₹5,232 Cr	₹5,232 Cr	₹5,232 Cr	₹6,975 Cr	₹6,975 Cr	₹9,301 Cr	₹9,301 Cr	₹9,301 Cr
Reserves & Surplus	₹33,207 Cr	₹38,738 Cr	₹44,634 Cr	₹49,194 Cr	₹53,857 Cr	₹59,464 Cr	₹64,704 Cr	₹69,272 Cr	₹76,039 Cr	₹77,845 Cr	₹83,362 Cr	₹91,193 Cr
Borrowings (Debt)	₹96,243 Cr	₹1.09 Lakh Cr	₹1.19 Lakh Cr	₹1.32 Lakh Cr	₹1.46 Lakh Cr	₹1.48 Lakh Cr	₹1.43 Lakh Cr	₹1.35 Lakh Cr	₹1.27 Lakh Cr	₹1.24 Lakh Cr	₹1.31 Lakh Cr	₹1.48 Lakh Cr
Total Liabilities	₹1.61 Lakh Cr	₹1.79 Lakh Cr	₹1.96 Lakh Cr	₹2.25 Lakh Cr	₹2.47 Lakh Cr	₹2.57 Lakh Cr	₹2.56 Lakh Cr	₹2.51 Lakh Cr	₹2.50 Lakh Cr	₹2.51 Lakh Cr	₹2.66 Lakh Cr	₹2.95 Lakh Cr
Fixed Assets	₹91,191 Cr	₹1.15 Lakh Cr	₹1.38 Lakh Cr	₹1.56 Lakh Cr	₹1.73 Lakh Cr	₹1.81 Lakh Cr	₹1.84 Lakh Cr	₹1.92 Lakh Cr	₹1.85 Lakh Cr	₹1.78 Lakh Cr	₹1.72 Lakh Cr	₹1.77 Lakh Cr
Total Assets	₹1.61 Lakh Cr	₹1.79 Lakh Cr	₹1.96 Lakh Cr	₹2.25 Lakh Cr	₹2.47 Lakh Cr	₹2.57 Lakh Cr	₹2.56 Lakh Cr	₹2.51 Lakh Cr	₹2.50 Lakh Cr	₹2.51 Lakh Cr	₹2.66 Lakh Cr	₹2.95 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹15,800 Cr	₹15,008 Cr	₹21,575 Cr	₹22,710 Cr	₹23,271 Cr	₹30,739 Cr	₹29,403 Cr	₹26,124 Cr	₹38,005 Cr	₹37,290 Cr	₹36,222 Cr	₹40,935 Cr
Cash from Investing (CFI)	-₹24,185 Cr	-₹21,576 Cr	-₹23,836 Cr	-₹25,701 Cr	-₹18,727 Cr	-₹10,733 Cr	-₹9,244 Cr	₹753.00 Cr	-₹6,126 Cr	-₹13,114 Cr	-₹23,532 Cr	-₹35,445 Cr
Cash from Financing (CFF)	₹6,399 Cr	₹5,621 Cr	₹3,959 Cr	₹1,285 Cr	-₹2,431 Cr	-₹18,806 Cr	-₹20,521 Cr	-₹28,967 Cr	-₹29,264 Cr	-₹25,903 Cr	-₹12,357 Cr	-₹4,006 Cr
Free Cash Flow (FCF)	-₹9,178 Cr	-₹6,671 Cr	-₹2,349 Cr	-₹3,470 Cr	₹820.00 Cr	₹19,372 Cr	₹19,786 Cr	₹18,157 Cr	₹31,102 Cr	₹25,886 Cr	₹12,111 Cr	₹3,687 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	46	48	44	44	49	49	79	81	104	92	63	91
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	46	48	44	44	49	49	79	81	104	92	63	91
ROCE %	8%	9%	10%	10%	9%	11%	12%	11%	13%	13%	13%	9%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹260.86 • Fairly Valued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹263.75

DCF Fair Value

₹260.86

Graham Number

₹203.73

Margin of Safety

-10.8%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹260.86

Fairly Valued (Margin: -10.8%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹254	₹252	₹249	₹247
10%	₹259	₹256	₹254	₹252
12%	₹263	₹261	₹259	₹256
14%	₹268	₹266	₹263	₹261

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹261	Fairly Valued
Benjamin Graham Number	₹204	Market Priced
Historical Sector P/E	₹376	Discounted
EV / EBITDA Multiplier	₹277	In-Line
Free Cash Flow Yield Model	₹258	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

3.41 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 1.47x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 73.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

51.34%

FIIs (Foreign)

24.33%

DIIs (Domestic)

20.62%

Government

0.15%

Public / Retail

3.63%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ 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 (Foreign Portfolio)	32.01%	30.51%	29.82%	28.73%	28.26%	28.11%	26.79%	26.50%	25.66%	24.73%	25.02%	24.33%
+ DIIs (Mutual Funds / Insurance)	13.21%	14.77%	15.26%	16.32%	16.89%	16.99%	18.30%	18.49%	19.33%	20.19%	20.05%	20.62%
+ Public (Retail & HNIs)	3.44%	3.37%	3.58%	3.61%	3.50%	3.50%	3.52%	3.61%	3.60%	3.67%	3.51%	3.63%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Utilities & Power.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

POWERGRID Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

POWERGRID Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

POWERGRID Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹337.60

Accelerated market share capture in Utilities & Power, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹295.40

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 15x P/E.

🐻 Bear Case (15%) -12.0%

₹232.10

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Utilities & Power)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:55 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Power Grid Corporation of India (POWERGRID)	Target Stock	₹263.75	+2.25%	14.9x	15.3%	9.1%	1.47	₹2.37 Lakh Cr
Adani Power Ltd (ADANIPOWER)	Sector Peer	₹208.00	+0.97%	26.5x	21.1%	17.2%	0.84	₹3.78 Lakh Cr
NTPC Ltd (NTPC)	Thermal & Renewable Power Generation	₹327.00	-0.53%	11.2x	15.1%	8.9%	1.33	₹3.10 Lakh Cr
Adani Green Energy Ltd (ADANIGREEN)	Sector Peer	₹1,401.70	-3.26%	109.0x	11.4%	7.4%	5.19	₹2.11 Lakh Cr
Bharat Heavy Electricals Ltd (BHEL)	Sector Peer	₹432.00	+2.14%	61.4x	6.2%	9.1%	0.31	₹1.49 Lakh Cr
Suzlon Energy Ltd (SUZLON)	Wind Turbines & Green Energy	₹38.88	-0.08%	16.9x	39.7%	34.2%	0.06	₹53,071 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:55:57 IST	✓ Live Sync
Financial Statements (10Y)	Power Grid Corporation of India Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Power Grid Corporation of India

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Power Grid Corporation of India

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Utilities & Power)

Metric Explainer

Stock DNA Methodology

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