What the business is, and whether it's a good one at a fair price.
Operates India's largest electricity transmission network, running 1.84 lakh circuit kilometres of lines, 624 GVA of substation transformation capacity, and 101 GW of inter-regional HVDC capacity. Earns 92.6% of FY26 revenue from transmission, charging regulated tariffs for wheeling power across states under a cost-plus framework administered by the Central Electricity Regulatory Commission; this segment delivered EBIT of ₹26,353 crore on ₹44,083 crore of revenue. Won 9 of 28 projects floated under Tariff-Based Competitive Bidding (TBCB) in FY26 and holds a 44% market share in TBCB since inception, with ₹1.7 lakh crore of works-in-hand and ₹1.1 lakh crore still in the bidding pipeline. A Consultancy segment (4.9% of revenue) supplies advisory and project services to power-sector clients, while a Telecom segment (2.5% of revenue) leases fibre-optic capacity on transmission towers. CapEx ran at ₹40,000 crore in FY26 — 79.8% of revenue — guided to ₹37,000 crore in FY27 and ₹40,000-45,000 crore in FY28, and 22 HVDC projects totalling 127 GW are in planning or bidding. Cost structure carries no materials input; depreciation is the largest line at 27.9% of revenue, followed by other opex at 13% and employee costs at 5.7%. System availability stood at 99.84% in FY26, with the firm also entering battery energy storage via the Kalikiri TBCB project and winning its first international PPP, a $300 million transmission project in Kenya.
Measured from the filed financials, judged against its Power peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from POWER GRID CORP. LTD.'s filed financials and exchange disclosures
POWER GRID CORP. LTD. is a Power company listed on NSE and BSE, trading under the symbol POWERGRID.
Yes. Over the trailing twelve months POWER GRID CORP. LTD. reported a net profit of ₹15,896 Cr on revenue of ₹47,033 Cr.
Yes. The dividend yield is 3.34% at the current price. It paid out 53% of its profit as dividend in FY26.
No. Debt stands at 1.47× equity, and it carries net debt of ₹1.43 L Cr. That is lower than 29% of its 36 Power peers.
On trailing P/E, POWER GRID CORP. LTD. ranks 13 of 34 in Power — cheaper than 64% of them, against an industry median of 20.4×. This is a position, not a valuation judgement.
On a typical session POWER GRID CORP. LTD. moves 0.70% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by POWER GRID CORP. LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
