Power Grid Corporation of India Ltd.
NSE: POWERGRID · Power Transmission
Snapshot
Unlock Power Grid Corporation of India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Power Grid Corporation of India Limited is a central public sector undertaking that operates as India's primary electric power transmission utility. The company manages an extensive network of transmission lines and substations, while also providing consultancy services and telecommunication infrastructure through its POWERTEL brand.
Business Model
The company generates revenue primarily through regulated transmission service charges based on its asset base and operational performance. It further diversifies income streams by offering consultancy services for power system projects and leasing overhead optic fibre network capacity.
- Transmission lines:1,72,437 circuit kms
- Substations:265
- Transformation capacity:4,74,457 MVA
Growth Outlook
Growth is driven by the expansion of India's national grid to integrate renewable energy sources and the ongoing modernisation of transmission infrastructure. The company is also expanding its footprint in the EV charging station market and international consultancy projects.
Key Risks
- Regulatory Risk. As a regulated utility, the company's profitability is subject to tariff orders and capital expenditure approvals determined by the Central Electricity Regulatory Commission.
- Project Execution Risk. Delays in land acquisition, environmental clearances, or right-of-way issues can significantly impact the commissioning timelines of large-scale transmission projects.
- Counterparty Credit Risk. The company faces potential payment delays from state-owned distribution companies (DISCOMs) that are often in poor financial health.
- Technological Obsolescence. Rapid advancements in energy storage and decentralised power generation could potentially alter the long-term demand profile for traditional high-voltage transmission infrastructure.
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Key Metrics
REVENUE
₹47,033 Cr
TTM · consolidated
NET PROFIT
₹15,896 Cr
TTM · consolidated
EPS
₹17.10
TTM · consolidated
RETURN ON EQUITY
16.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
11.2%
TTM · consolidated
P/E
15.7×
Q1 FY27 · consolidated
EV/EBITDA
10.0x
Q1 FY27 · consolidated
EBITDA MARGIN
83.5%
TTM · consolidated
NET PROFIT MARGIN
31.3%
Q1 FY27 · consolidated
DEBT TO EQUITY
1.4%
Q1 FY27 · consolidated
Peers · Power Transmission
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Power Grid Corporation of India Ltd.POWERGRID | ₹2.49L Cr | 15.7× | 9.97 | 2.3% | 83.5% | 16.5% | 11.2% | -7.1% |
Apar Industries Ltd.APARINDS | ₹65,794 Cr | 46.0× | 25.70 | 23.4% | 10.0% | 20.6% | 32.1% | +81.2% |
IndiGrid Infrastructure TrustINDIGRID | ₹16,198 Cr | — | — | — | 93.0% | — | — | — |
POWERGRID Infrastructure Investment TrustPGINVIT | ₹9,575 Cr | — | — | — | 91.0% | — | — | — |
Triveni Power Transmission LimitedTRIVENIPT | ₹4,893 Cr | — | — | — | -124.4% | — | — | — |
Anzen India Energy Yield Plus TrustANZEN | ₹4,433 Cr | — | — | — | 83.0% | — | — | — |
As of Q1 FY27
Financials
Power Grid Corporation of India Ltd.
NSE: POWERGRID · Power Transmission
Snapshot
Unlock Power Grid Corporation of India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Power Grid Corporation of India Limited is a central public sector undertaking that operates as India's primary electric power transmission utility. The company manages an extensive network of transmission lines and substations, while also providing consultancy services and telecommunication infrastructure through its POWERTEL brand.
Business Model
The company generates revenue primarily through regulated transmission service charges based on its asset base and operational performance. It further diversifies income streams by offering consultancy services for power system projects and leasing overhead optic fibre network capacity.
- Transmission lines:1,72,437 circuit kms
- Substations:265
- Transformation capacity:4,74,457 MVA
Growth Outlook
Growth is driven by the expansion of India's national grid to integrate renewable energy sources and the ongoing modernisation of transmission infrastructure. The company is also expanding its footprint in the EV charging station market and international consultancy projects.
Key Risks
- Regulatory Risk. As a regulated utility, the company's profitability is subject to tariff orders and capital expenditure approvals determined by the Central Electricity Regulatory Commission.
- Project Execution Risk. Delays in land acquisition, environmental clearances, or right-of-way issues can significantly impact the commissioning timelines of large-scale transmission projects.
- Counterparty Credit Risk. The company faces potential payment delays from state-owned distribution companies (DISCOMs) that are often in poor financial health.
- Technological Obsolescence. Rapid advancements in energy storage and decentralised power generation could potentially alter the long-term demand profile for traditional high-voltage transmission infrastructure.
Start your research today
Unlock AI insights, financials, peers and live data on Power Grid Corporation of India Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹47,033 Cr
TTM · consolidated
NET PROFIT
₹15,896 Cr
TTM · consolidated
EPS
₹17.10
TTM · consolidated
RETURN ON EQUITY
16.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
11.2%
TTM · consolidated
P/E
15.7x
Q1 FY27 · consolidated
EV/EBITDA
10.0x
Q1 FY27 · consolidated
EBITDA MARGIN
83.5%
TTM · consolidated
NET PROFIT MARGIN
31.3%
Q1 FY27 · consolidated
DEBT TO EQUITY
1.4%
Q1 FY27 · consolidated
Peers · Power Transmission
As of Q1 FY27