Power Grid Corporation of India Ltd.

NSE: POWERGRID · Power

₹259.90-0.48%06 Nov 2026

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Instant answers about Power Grid Corporation of India Ltd. — computed from its filings, no language model

Market cap₹2,41,723 cr

Current price₹259.90

High / Low₹321 / ₹245

P/E14.9

P/B2.26

Book value₹114.8

ROE15.2%

ROCE10.4%

Debt / equity1.42

Dividend yield3.46%

EPS (TTM)₹17.41

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	37,744	39,640	41,616	45,581	45,843	45,792	46,733
EBITDA	32,940	34,993	36,567	39,478	39,903	39,065	37,979
Operating margin	87.3%	88.3%	87.9%	86.6%	87.0%	85.3%	81.3%
Interest	9,509	8,135	8,036	9,634	8,773	8,700	8,448
Depreciation	11,607	12,039	12,872	13,333	13,095	12,904	13,030
Profit before tax	12,752	14,924	20,061	17,535	19,105	19,128	17,453
Tax	3,531	3,464	2,786	2,284	2,941	3,773	-1,381
Net profit	11,059	12,036	16,824	15,417	15,573	15,521	15,928
EPS ₹	21.14	23.01	24.12	22.10	16.74	16.69	17.13
Operating cash flow	—	—	26,124	38,005	37,290	36,223	40,931
Capex	—	—	7,966	6,903	11,404	24,134	37,279
Dividend paid	—	—	10,812	8,545	11,219	9,766	8,371
Total assets	2,56,653	2,55,689	2,50,943	2,50,296	2,50,891	2,66,107	2,94,727
Equity	64,695	69,936	76,247	83,015	87,145	92,663	1,00,494

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	9,180	9,051	9,364	10,148	9,457	9,530	10,142	10,510	10,216	10,267	10,447	10,686	10,905	11,151	11,262	12,264	11,048	11,267	11,550	11,978	11,006	11,278	11,233	12,275	11,196	11,476	12,395	11,666	11,497	11,816
Operating profit	8,269	7,921	8,247	8,503	8,342	8,441	8,915	9,296	8,999	9,111	9,117	9,341	9,249	9,426	9,893	10,910	9,683	9,908	10,213	10,099	9,602	9,701	9,538	10,224	9,147	9,114	10,653	9,066	9,536	9,720
Operating margin	90.1%	87.5%	88.1%	83.8%	88.2%	88.6%	87.9%	88.4%	88.1%	88.7%	87.3%	87.4%	84.8%	84.5%	87.8%	89.0%	87.6%	87.9%	88.4%	84.3%	87.2%	86.0%	84.9%	83.3%	81.7%	79.4%	85.9%	77.7%	82.9%	82.3%
Other income	182	209	177	359	359	301	217	306	175	248	277	382	263	199	268	294	209	263	270	327	273	568	510	315	248	194	204	305	200	239
Interest	2,289	2,299	2,387	2,535	2,203	2,003	2,047	1,882	2,216	1,885	1,845	2,091	1,960	2,187	3,012	2,475	2,057	2,341	2,446	1,928	2,039	2,441	1,917	2,303	1,934	2,148	2,190	2,175	2,023	2,191
Depreciation	2,783	2,875	2,931	3,019	2,959	2,895	3,073	3,112	3,112	3,195	3,286	3,279	3,295	3,317	3,407	3,314	3,266	3,277	3,293	3,259	3,200	3,292	3,216	3,196	3,130	3,223	3,381	3,295	3,128	3,196
Profit before tax	3,379	2,957	3,106	3,310	2,464	3,841	4,011	4,608	6,859	4,279	4,263	4,659	4,258	4,120	3,743	5,414	4,569	4,553	4,743	5,239	4,637	4,536	4,914	5,041	4,330	3,937	5,285	3,901	4,585	4,572
Tax	900	785	826	1,020	858	795	1,079	732	1,394	592	885	-85	530	410	330	1,015	621	574	788	958	879	884	1,090	919	868	829	1,312	-4,391	883	796
Net profit	2,503	2,571	2,672	3,313	2,048	3,094	3,368	3,526	5,998	3,376	3,293	4,156	3,801	3,650	3,645	4,320	3,597	3,781	4,028	4,166	3,724	3,793	3,862	4,143	3,631	3,566	4,185	4,546	3,598	3,866
EPS ₹	4.78	4.92	5.11	6.33	3.92	5.91	6.44	6.74	8.60	4.84	4.72	5.96	5.45	5.23	5.23	6.19	5.16	4.06	4.33	4.48	4.00	4.08	4.15	4.46	3.90	3.84	4.50	4.89	3.87	4.16
Revenue YoY	—	—	—	—	3.0%	5.3%	8.3%	3.6%	8.0%	7.7%	3.0%	1.7%	6.7%	8.6%	7.8%	14.8%	1.3%	1.0%	2.6%	-2.3%	-0.4%	0.1%	-2.7%	2.5%	1.7%	1.8%	10.3%	-5.0%	2.7%	3.0%
Profit YoY	—	—	—	—	-18.2%	20.3%	26.0%	6.4%	192.8%	9.1%	-2.2%	17.9%	-36.6%	8.1%	10.7%	3.9%	-5.4%	3.6%	10.5%	-3.6%	3.5%	0.3%	-4.1%	-0.6%	-2.5%	-6.0%	8.4%	9.7%	-0.9%	8.4%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Power Grid Corporation of India Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	10,035	12,716	15,230	17,177	20,802	25,717	29,752	34,099
Operating profit	8,450	10,895	12,936	14,751	18,346	22,602	25,938	29,262
Operating margin	84.2%	85.7%	84.9%	85.9%	88.2%	87.9%	87.2%	85.8%
Other income	754	612	491	603	479	865	1,014	1,519
Interest	2,015	2,535	3,168	3,979	5,023	6,304	7,591	9,091
Depreciation	2,573	3,352	3,996	5,085	6,183	7,663	9,091	10,201
Profit before tax	4,598	5,645	6,264	6,289	7,619	9,487	10,270	11,489
Tax	1,343	1,410	1,766	1,310	1,592	1,967	2,031	1,554
Net profit	3,255	4,234	4,497	4,979	6,027	7,520	8,239	9,935

Quarters

showing latest 8 of 43 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	1,034	1,086	1,294	1,588	1,477	1,623	1,749	1,525	1,999	2,127	2,052	2,202	2,264	2,467	3,102	2,888	3,086	3,362	3,381	3,560	3,999	3,685	3,986	3,942	4,179	4,354	4,703	4,718	4,918	5,407	5,760	6,120	6,255	6,630	6,712	7,181	7,253	7,507	7,811	8,127	8,283	8,471	9,218
Operating profit	859	881	1,068	1,357	1,222	1,330	1,472	1,247	1,681	1,786	1,727	1,845	1,898	2,103	2,604	2,465	2,669	2,923	2,838	3,059	3,389	3,105	3,383	3,373	3,580	3,740	4,058	4,137	4,319	4,796	5,094	5,420	5,604	5,959	5,619	6,200	6,475	6,738	6,524	6,927	6,972	7,569	7,793
Operating margin	83.1%	81.1%	82.5%	85.5%	82.7%	81.9%	84.2%	81.7%	84.1%	84.0%	84.2%	83.8%	83.8%	85.2%	83.9%	85.3%	86.5%	87.0%	83.9%	85.9%	84.7%	84.3%	84.9%	85.6%	85.7%	85.9%	86.3%	87.7%	87.8%	88.7%	88.4%	88.6%	89.6%	89.9%	83.7%	86.3%	89.3%	89.8%	83.5%	85.2%	84.2%	89.4%	84.5%
Other income	74	108	114	85	85	199	75	225	151	96	93	143	194	110	307	92	157	129	235	74	105	115	197	133	131	132	206	70	109	98	201	139	225	158	342	208	240	278	288	301	407	419	392
Interest	261	273	564	702	600	383	416	412	405	402	405	445	556	473	541	646	530	685	675	760	801	787	819	928	989	1,025	1,038	1,109	1,149	1,288	1,477	1,518	1,588	1,643	1,556	1,762	1,867	1,955	2,006	2,141	2,310	2,275	2,366
Depreciation	230	250	264	274	275	467	582	536	502	546	571	579	597	679	718	757	825	865	905	964	966	990	1,075	1,155	1,212	1,301	1,418	1,370	1,448	1,580	1,785	1,757	1,877	1,965	2,063	2,131	2,235	2,319	2,406	2,451	2,548	2,605	2,597
Profit before tax	441	468	354	458	437	680	548	524	926	931	840	964	942	1,056	1,635	1,154	1,486	1,501	1,505	1,415	1,721	1,441	1,687	1,423	1,510	1,547	1,809	1,729	1,830	2,026	2,033	2,284	2,361	2,501	2,342	2,515	2,612	2,742	2,400	2,636	2,522	3,108	3,223
Tax	69	84	48	61	65	134	89	36	222	280	249	259	233	247	604	284	360	372	395	375	482	399	511	287	309	318	397	363	382	413	434	482	489	571	425	463	471	702	395	396	212	777	169
Net profit	371	384	306	396	372	547	460	488	703	651	591	705	709	809	1,032	870	1,126	1,129	1,109	1,040	1,239	1,042	1,176	1,137	1,201	1,229	1,412	1,367	1,448	1,613	1,599	1,802	1,872	1,930	1,916	2,052	2,141	2,041	2,005	2,241	2,309	2,331	3,054
EPS ₹	0.96	0.91	0.73	0.94	0.89	1.30	1.09	1.16	1.67	1.55	1.35	1.52	1.53	1.75	2.23	1.88	2.43	2.44	2.40	2.25	2.67	2.20	2.24	2.17	2.30	2.35	2.70	2.61	2.77	3.08	3.06	3.44	3.58	3.69	3.66	3.92	4.10	3.90	3.83	4.28	4.42	4.45	5.84
Revenue YoY	—	—	—	53.5%	36.1%	25.4%	10.1%	3.2%	23.2%	21.6%	34.5%	10.2%	6.5%	20.2%	—	31.1%	36.3%	36.3%	9.0%	23.3%	29.6%	9.6%	17.9%	10.7%	4.5%	18.2%	18.0%	19.7%	17.7%	24.2%	22.5%	29.7%	27.2%	22.6%	16.5%	17.3%	16.0%	13.2%	16.4%	13.2%	14.2%	12.8%	18.0%
Profit YoY	—	—	—	6.8%	-3.1%	78.8%	16.0%	31.0%	28.6%	41.6%	21.2%	0.3%	8.8%	36.9%	—	23.4%	58.9%	39.5%	7.5%	19.6%	10.1%	-7.7%	6.0%	9.2%	-3.1%	17.9%	20.1%	20.2%	20.5%	31.3%	13.2%	31.9%	29.3%	19.6%	19.8%	13.9%	14.4%	5.7%	4.6%	9.2%	7.9%	14.2%	52.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	17.1%	16.4%	17.2%	18.3%	17.2%	22.9%	23.3%	23.2%	22.1%	19.2%	18.1%	18.6%	18.6%	18.3%	17.7%	18.1%	17.9%	18.0%	17.1%	16.9%	16.8%	16.6%	15.4%	15.7%	15.8%	15.8%	15.2%
ROCE	11.0%	10.5%	10.8%	11.0%	10.8%	12.9%	13.0%	13.1%	13.3%	12.0%	11.9%	12.2%	13.0%	13.2%	13.6%	13.8%	13.2%	13.3%	13.1%	12.9%	12.4%	12.3%	11.3%	11.6%	10.4%	10.6%	10.4%
Net margin	29.3%	27.9%	28.9%	30.1%	30.4%	39.6%	39.5%	39.1%	40.4%	34.6%	34.5%	34.7%	33.8%	33.3%	33.5%	34.1%	34.0%	34.3%	34.3%	34.2%	33.9%	33.6%	32.9%	32.8%	34.1%	33.8%	34.2%
EBITDA margin	87.3%	86.8%	87.1%	87.1%	88.3%	88.2%	88.3%	88.1%	87.9%	87.0%	86.0%	86.1%	86.6%	87.3%	88.1%	88.3%	87.0%	86.9%	86.5%	85.6%	85.3%	84.0%	82.3%	82.7%	81.3%	81.6%	82.3%
Debt / equity	2.14	2.14	2.14	2.14	2.05	2.05	2.05	2.05	1.77	1.77	1.59	1.59	1.52	1.52	1.38	1.38	1.42	1.42	1.33	1.33	1.41	1.41	1.37	1.37	1.47	1.47	1.42
Interest coverage	2.34	2.26	2.39	2.55	2.83	3.37	3.46	3.56	3.50	3.24	3.14	2.81	2.82	2.83	2.85	3.07	3.18	3.19	3.16	3.32	3.20	3.19	3.19	3.17	3.07	3.07	3.14
Asset turnover	0.15	0.15	0.15	0.15	0.16	0.16	0.16	0.16	0.17	0.17	0.17	0.17	0.18	0.18	0.19	0.19	0.18	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.16	0.16	0.16

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	5,232	5,232	5,232	5,232	5,232	5,232	5,232	6,975	6,975	6,975	9,301	9,301	9,301	9,301	9,301	9,301	9,301
Other equity / reserves	29,466	33,207	38,738	44,634	53,857	59,464	64,704	69,272	75,233	76,039	77,585	77,845	82,760	83,362	89,631	91,193	97,448
Total equity	34,698	38,439	43,970	49,866	59,088	64,695	69,936	76,247	82,208	83,015	86,885	87,145	92,061	92,663	98,932	1,00,494	1,06,748
Borrowings	80,472	91,699	1,02,463	1,12,753	1,35,630	1,38,421	1,43,210	1,34,665	1,30,576	1,26,595	1,19,850	1,23,449	1,22,499	1,30,965	1,35,923	1,48,009	1,51,207
Current liabilities	—	—	30,387	30,151	42,072	40,998	40,308	44,829	33,638	28,142	27,377	34,421	34,886	40,245	35,207	51,196	46,161
Non-current liabilities	—	—	1,04,935	1,15,629	1,46,197	1,50,960	1,45,446	1,29,867	1,36,798	1,39,139	1,31,240	1,29,325	1,28,349	1,33,199	1,44,273	1,40,435	1,46,087
Total assets	1,41,480	1,60,764	1,79,292	1,95,645	2,47,358	2,56,653	2,55,689	2,50,943	2,52,645	2,50,296	2,45,502	2,50,891	2,55,297	2,66,107	2,78,412	2,94,727	3,01,346
Property, plant & equipment	73,584	90,386	1,14,144	1,36,422	1,71,058	1,79,450	1,82,109	1,90,048	1,87,786	1,83,777	1,80,240	1,76,223	1,72,593	1,70,886	1,67,293	1,74,970	1,73,421
Capital work-in-progress	32,017	40,263	45,439	38,187	37,388	34,904	24,680	12,800	12,271	13,741	13,922	18,082	23,767	33,269	43,808	43,654	51,036
Investments	423	220	84	144	130	99	139	1,926	3,789	3,489	3,454	4,163	3,410	3,117	3,745	2,995	3,351
Inventories	713	719	707	907	1,247	1,433	1,367	1,357	1,347	1,340	1,361	1,406	1,405	1,803	1,884	2,126	2,416
Receivables	1,618	2,207	2,739	3,132	4,728	5,041	8,629	9,475	15,084	13,695	12,048	11,834	10,983	8,009	9,766	11,673	7,781
Cash & equivalents	4,974	2,989	1,544	3,241	3,648	4,850	4,487	2,577	2,137	5,192	4,693	3,464	3,847	3,797	3,324	5,281	2,521

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	15,223	15,800	15,008	21,614	30,739	29,403	26,124	38,005	37,290	36,223	40,931
Cash from investing	-26,639	-24,185	-21,576	-23,875	-10,733	-9,063	753	-6,126	-13,114	-23,533	-35,305
Cash from financing	13,712	6,399	5,621	3,959	-18,806	-20,521	-28,967	-29,264	-25,903	-12,357	-4,006
Capex	—	—	—	—	—	—	7,966	6,903	11,404	24,134	37,279
Free cash flow	—	—	—	—	—	—	18,157	31,102	25,886	12,089	3,651
Dividends paid	1,258	1,124	1,104	1,313	4,426	6,822	10,812	8,545	11,219	9,766	8,371

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,73,421 cr58%

CWIP

₹51,036 cr17%

Investments

₹3,351 cr1%

Inventories

₹2,416 cr1%

Receivables

₹7,781 cr3%

Cash & equivalents

₹2,521 cr1%

Other assets

₹60,821 cr20%

Peer comparison

largest in Power · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Power Ltd.	3,93,967	204.29	21.6	5.13	23.7%
NTPC Ltd.	3,13,639	323.45	10.6	1.47	13.9%
Power Grid Corporation of India Ltd.	2,41,723	259.90	14.9	2.26	15.2%
Adani Green Energy Ltd.	2,34,549	1,424.10	125.2	10.86	8.7%
Adani Energy Solutions Ltd.	1,78,233	1,457.40	48.1	5.69	11.8%
Tata Power Co. Ltd.	1,12,645	352.50	29.2	2.85	9.8%
JSW Energy Ltd.	96,224	524.95	41.5	2.62	6.3%
NHPC Ltd.	82,450	82.08	19.1	1.88	9.9%
NTPC Green Energy Ltd.	69,627	82.63	106.0	3.59	3.4%
Torrent Power Ltd.	64,051	1,271.10	26.5	3.05	11.5%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+2.7%

6 months-17.2%

1 year-12.0%

3Y CAGR+7.7%

5Y CAGR+12.9%

10Y CAGR+10.3%

50-day avg₹259.83

200-day avg₹282.71

RSI (14)61

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FAQs

What is the share price of Power Grid Corporation of India Ltd.?

Power Grid Corporation of India Ltd. (POWERGRID) closed at ₹259.90 on NSE on 06 Nov 2026.

What is the market cap of Power Grid Corporation of India Ltd.?

₹2,41,723 crore at the latest close.

What is the P/E ratio of Power Grid Corporation of India Ltd.?

14.9, on trailing-twelve-month earnings from its filings.

How fast is Power Grid Corporation of India Ltd. growing?

Power Grid Corporation of India Ltd.: revenue has compounded at 0.8% a year over three years; net profit at 1.1% a year. Latest-quarter revenue is up 3.0% year on year, profit up 8.4%.

How profitable is Power Grid Corporation of India Ltd.?

On a trailing-twelve-month basis return on equity is 15.2%, return on capital employed 10.4%, operating margin 82.3%, net margin 34.2%.

How much debt does Power Grid Corporation of India Ltd. have?

Power Grid Corporation of India Ltd. is moderately geared: debt to equity is 1.42 with borrowings of ₹1,51,207 cr against cash of ₹2,521 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.1 times.

Financials parsed from Power Grid Corporation of India Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.