Powergrid Infra.

NSE: PGINVIT · Power Transmission

Snapshot

Unlock Powergrid Infra.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Powergrid Infrastructure Investment Trust (PGInvIT) is an infrastructure investment trust that owns, constructs, operates, and maintains power transmission assets across India. It functions as a vehicle to hold and manage critical power transmission infrastructure projects.

Business Model

The trust generates revenue primarily through long-term transmission service agreements, receiving stable annuity-like cash flows from its underlying power transmission assets. It distributes the majority of its net distributable cash flows to unitholders.

Growth Outlook

Growth is driven by the acquisition of additional power transmission assets from the sponsor, Power Grid Corporation of India Limited, and the expansion of the national power grid infrastructure.

Key Risks

  • Regulatory Risk. Changes in government regulations or tariff policies regarding power transmission could adversely impact the trust's revenue streams.
  • Operational Risk. The trust relies on the efficient operation and maintenance of transmission lines to ensure high availability and avoid performance-linked penalties.
  • Interest Rate Risk. Fluctuations in interest rates may affect the cost of debt and the attractiveness of the trust's yield compared to other fixed-income instruments.
  • Counterparty Risk. The financial health of the power distribution companies (discoms) that pay for transmission services directly impacts the timely collection of revenues.

Price

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Peers · Power Transmission

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Powergrid Infra.PGINVIT
8,190103.0%
Power Grid Corporation of India Ltd.POWERGRID
2,78,64616.3910.372.1%83.3%16.8%11.2%-5.5%
Apar Industries Ltd.APARINDS
39,67258.4129.4923.3%8.5%20.7%33.6%+57.6%
IndiGrid TrustINDIGRID
18,79664.0%
Anzen IYEP TrustANZEN
3,19683.0%

As of Mar 2026

Financials