Live Power Grid Corporation of India Share Price Chart

O 291.5

H 291.5

L 291.5

VOL 123190

Power Grid Corporation of India Performance

Days Range

Low: ₹288.85
High: ₹293.65
Previous Close ₹292.50
Open ₹291.50
Volume 66,74,062
Day’s Range ₹288.85 - ₹293.65
52W Range ₹160.91 - ₹293.65
Market Cap ₹2,72,042 Cr

Power Grid Corporation of India Fundamentals

ROCE (TTM) 13.19%
P/E Ratio (TTM) 17.3
P/B Ratio 3.13
Industry P/E 22.28
Debt to Equity 1.38
ROE 17.66%
EPS (TTM) 16.91
Dividend Yield 3.78%
Book Value 93
Face Value 10

Power Grid Corporation of India Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales12,263.7211,048.1311,267.0711,549.79
Expenses4,668.14,631.284,635.744,630.36
Profit before tax5,360.864,5644,515.154,705.3
Operating Profit4,348.433,942.863,941.493,917.78
Net Profit4,322.873,597.163,781.424,028.25
EPS in Rs6.25.164.064.33

AboutPower Grid Corporation of India

History

Power Grid Corporation of India Limited (PGCIL) is a Public Sector company. It was incorporated on October 23, 1989, to set up extra-high voltage alternating current and high-voltage direct current (HVDC) transmission lines. The company was listed on BSE and NSE in 2007. The Government of India holds a 51.34% stake in the company, and Institutional Investors and the public hold the balance.

In 2020, the company commissioned ± 800 kV Champa – Kurukshetra HVDC station Bipole-II. Power Grid also finished commissioning 11 Renewable Energy Management Centres (REMCs) for renewable energy integration for Govt. of India. In 2022, the company implemented 400KV, D/C, Jeerat (New) – Subhasgram (PM-JTL-TBCB) (214 CKM), which was commissioned in August 2022.

Business Segments

  • Transmission: It continuously works to operate and maintain its transmission assets with the aid of a transmission licensee to meet established criteria and achieve high availability.
  • Consultancy: The business has gained competence in key fields such as power transmission, sub-transmission systems, distribution management, load dispatch, and communications both inside and outside of India. In addition, it has provided consulting services to numerous clients worldwide by utilising its capabilities and experience.
  • Telecom: The company runs this segment with the brand name ‘POWERTEL. The company is the only Telecom Service Provider in the Country having PAN India overhead Optic fibre network using Optical Ground Wire on power transmission lines.

As of March 31, 2023, the company had 14 Subsidiaries and few of them are listed below:

  • Powergrid NM Transmission Limited (PNMTL): Powergrid acquired PNMTL on March 29, 2012, under Tariff based Competitive Bidding for establishing a Transmission System associated with IPPs of Nagapattinam / Cuddalore Area (Package A).
  • Powergrid Unchahar Transmission Limited (PUTL): It is a wholly owned subsidiary of Powergrid. It was acquired by the company in 2014.
  • Powergrid Southern Interconnector Transmission System Limited (PSITSL): PSITSL was acquired by the company in 2015 under tariff-based competitive bidding for the “Strengthening of Transmission System Beyond Vemagiri” Project on the build, own, operate and maintain (BOOM) basis.

Corporate Actions

  • In September 2023, the company announced a bonus share issue in a ratio of 1:3 with a record date of September 12, 2023.
  • In July 2021, Powergrid announced a bonus share issue in a ratio of 1:3 with a record date of July 29, 2021.

Management Outlook

  • The company is focused on new business opportunities like the Battery Energy Storage Systems (BESS). This is an automation where cutting-edge technology meets energy-efficient management.
  • As part of its domestic consulting, Powergrid is now taking on the development of a Transmission System for Private Players. Additionally, it interacts with potential DISCOMs for the Design, Build, Finance, Own, Operate, Transfer (DBFOOT) model installation of smart metres. 

SWOT Analysis

Strengths

  • Diversified Revenue Strem.
  • Improving debt position.

Weaknesses

  • Centralising authority creates delays in projects.
  • Pressure on profitability due to growing infrastructural costs.

Opportunities

  • Evolving electric vehicle environment.
  • Growing demand for power.

Threats

  • Competitive Pressure.
  • Rising operating costs.
Parent Organisation Govt of India
Founded 1989
Managing Director R. K. Tyagi
NSE Symbol POWERGRID

Peer Comparison

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NTPC Ltd ₹325,711.02

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334.1 - 336.5
JSW Energy Ltd ₹85,843.85

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513.25 - 523.5
Adani Energy Solutions Ltd ₹125,147.12

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Adani Green Energy Ltd ₹313,519.63

1943.05

36.45 (-1.84%)

1937.45 - 1996.5

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Power Grid Corporation of India FAQs

What is the Share price of Power Grid Corporation of India (POWERGRID)?

Power Grid Corporation of India (POWERGRID) share price as of February 28, 2024, on NSE is Rs 289.30 (NSE) and Rs 288.00 (BSE) on BSE.

Can I buy Power Grid Corporation of India (POWERGRID) shares?

Yes, You can buy Power Grid Corporation of India (POWERGRID) shares by opening a Demat account with Angel One.

How do I buy Power Grid Corporation of India (POWERGRID) from Angel One?

Power Grid Corporation of India (POWERGRID) share can be brought through the following modes:
  1. Direct investment: You can buy Power Grid Corporation of India (POWERGRID) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Power Grid Corporation of India (POWERGRID) shares.

What is the total Asset of Power Grid?

The total asset of Power Grid is Rs. 250,943 Crores.

What is the main business of Power Grid?

Power Grid Corporation owns and runs 90% of India’s interstate and interregional electric power transmission infrastructure.

Who is the promoter of Power Grid?

The promoter of Power Grid is the President of India.