Power Grid Corp

₹222.2 -2 | 0.9%

WEBSITE BSE:532898 NSE : POWER GRID 23 Mar, 16:01

Market Cap ₹154960 Cr.

Stock P/E 10.2

P/B 1.8

Current Price ₹222.2

Book Value ₹ 122.7

Face Value 10

52W High ₹248.4

Dividend Yield 6.64%

52W Low ₹ 186.4

Edit Ratio

Power Grid Corp Research see more...

Power Grid: Business Analysis

Overview Inc. Year: 1989Industry: Power Generation/Distribution

Power Grid Corporation of India Ltd is a power transmission corporation. The Company is engaged in planning, implementation, operation and preservation of Inter-State Transmission System (ISTS), telecom and consultancy services. The Company's segments consist of Transmission Services, Consultancy Services and Telecom Services. Its Transmission Services segment is engaged in transmission of bulk electricity throughout India. Its Consultancy Services segment provides consultancy services in the transmission, distribution and telecom sectors, such as making plans layout, engineering, load dispatch, optical floor wire (OPGW) on intra state transmission community, procurement management, operation and maintenance, financing, and project management. The Company makes use of the spare optical fibers available in the OPGW laid on the transmission community for providing telecom services to diverse clients, which include telecom provider companies and IT groups

Quarterly Price

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Peer Comparison

Power Grid Corp Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	9530	10142	10510	10216	10267	10447	10686	10905	11151	11262
Other Income	301	217	306	175	248	277	382	263	199	268
Total Income	9831	10359	10816	10392	10515	10724	11068	11169	11349	11530
Total Expenditure	1088	1228	1215	1218	1156	1330	1345	1656	1725	1368
Operating Profit	8743	9132	9602	9174	9358	9394	9722	9513	9625	10162
Interest	2003	2047	1882	2216	1885	1845	2091	1960	2187	3012
Depreciation	2895	3073	3112	3113	3195	3286	3279	3295	3317	3407
Exceptional Income / Expenses	-4	0	0	3014	0	0	306	0	0	0
Profit Before Tax	3841	4011	4608	6859	4279	4263	4659	4258	4120	3743
Provision for Tax	795	1079	732	1394	592	885	-85	530	410	330
Profit After Tax	3046	2932	3876	5465	3687	3378	4744	3728	3710	3413
Adjustments	48	436	-349	533	-311	-85	-588	74	-60	232
Profit After Adjustments	3094	3368	3526	5998	3376	3293	4156	3801	3650	3645
Adjusted Earnings Per Share	4.4	4.8	5.1	8.6	4.8	4.7	6	5.4	5.2	5.2

Power Grid Corp Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	10440	13164	15675	17659	20652	25697	29954	35059	37744	39640	41616	44004
Other Income	1244	1249	774	774	466	735	477	717	928	1407	1083	1112
Total Income	11684	14413	16449	18433	21118	26432	30431	35776	38672	41047	42699	45116
Total Expenditure	1761	1950	437	286	2394	3145	3837	4842	4804	4647	5050	6094
Operating Profit	9923	12463	16012	18146	18724	23287	26594	30935	33868	36400	37648	39022
Interest	2596	3260	5573	6574	5086	6250	7324	8849	9509	8358	8036	9250
Depreciation	2637	3428	4079	5173	6182	7722	9231	10541	11607	12039	12872	13298
Exceptional Income / Expenses	0	0	0	5	0	0	3284	-2527	1683	-717	2791	306
Profit Before Tax	4690	5776	6359	6404	7572	9457	13471	9147	14590	15501	19610	16780
Provision for Tax	1387	1463	1811	1358	1613	2006	5267	-886	3531	3464	2786	1185
Profit After Tax	3303	4313	4548	5046	5959	7451	8204	10034	11059	12036	16824	15595
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-342
Profit After Adjustments	3303	4313	4548	5046	5959	7451	8204	10034	11059	12036	16824	15252
Adjusted Earnings Per Share	5.4	7	6.5	7.2	8.5	10.7	11.8	14.4	15.9	17.3	24.1	21.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	6%	10%	15%
Operating Profit CAGR	3%	7%	10%	14%
PAT CAGR	40%	19%	18%	18%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	6%	25%	9%	11%
ROE Average	23%	20%	18%	17%
ROCE Average	13%	12%	11%	11%

Power Grid Corp Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	23583	26403	34698	38439	43970	49866	54426	59088	64695	69936	76247
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	50006	64030	77772	90492	100463	111253	122710	131330	135421	129175	114199
Other Non-Current Liabilities	6332	9965	12298	13594	14003	13686	20074	24325	26455	26025	25182
Total Current Liabilities	14219	18419	23442	27380	28522	30973	34794	40298	38841	39005	47649
Total Liabilities	94140	118818	148211	169905	186958	205778	232004	255040	265413	264468	263277
Fixed Assets	48322	62568	74252	91191	115094	137678	156198	172740	181112	183726	191773
Other Non-Current Assets	36514	46303	60861	65260	54549	51421	56951	56956	57429	46577	36795
Total Current Assets	9305	9946	13098	13454	13436	16680	18855	25345	26872	27995	34710
Total Assets	94140	118818	148211	169905	186958	205778	232004	255040	265413	264468	263277

Power Grid Corp Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	4806	3111	2679	4974	2491	1544	3241	1535	3650	4850	4668
Cash Flow from Operating Activities	8582	11690	15223	15800	15008	21575	22710	23271	30739	29403	26124
Cash Flow from Investing Activities	-18495	-22084	-26639	-24185	-21577	-23836	-25701	-18727	-10733	-9063	753
Cash Flow from Financing Activities	8218	9962	13712	6399	5621	3959	1285	-2431	-18806	-20521	-28967
Net Cash Inflow / Outflow	-1695	-432	2295	-1986	-948	1698	-1707	2113	1199	-182	-2091
Closing Cash & Cash Equivalent	3111	2679	4974	2989	1544	3241	1535	3648	4850	4487	2577

Power Grid Corp Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	5.35	6.99	6.52	7.23	8.54	10.68	11.76	14.38	15.85	17.26	24.12
CEPS(Rs)	9.62	12.54	12.37	14.65	17.4	21.75	24.99	29.5	32.49	34.51	42.57
DPS(Rs)	2.11	2.75	2.58	2	2.31	4.35	5.25	8.33	10	12	14.75
Book NAV/Share(Rs)	38.2	42.77	49.74	55.11	57.47	71.49	78.03	84.71	92.75	100.26	109.31
Core EBITDA Margin(%)	83.14	85.19	97.21	98.38	88.41	87.76	87.19	86.19	87.27	88.28	87.86
EBIT Margin(%)	69.78	68.64	76.12	73.49	61.29	61.12	69.42	51.33	63.85	60.19	66.43
Pre Tax Margin(%)	44.92	43.87	40.57	36.27	36.66	36.8	44.97	26.09	38.66	39.1	47.12
PAT Margin (%)	31.64	32.76	29.01	28.58	28.85	28.99	27.39	28.62	29.3	30.36	40.43
Cash Profit Margin (%)	56.9	58.8	55.03	57.87	58.79	59.04	58.21	58.69	60.05	60.74	71.36
ROA(%)	3.84	4.05	3.41	3.17	3.34	3.79	3.75	4.12	4.25	4.54	6.38
ROE(%)	14.68	17.26	14.89	13.8	15.18	16.57	15.73	17.68	17.87	17.88	23.02
ROCE(%)	10.34	10.41	11.12	10.24	8.94	9.89	11.72	9.2	11.52	11.2	13.04
Receivable days	47.72	41.88	36.2	39.53	43.71	41.7	41.26	43.56	47.23	64.34	80.73
Inventory Days	14.4	13.78	14.74	14.8	12.6	11.47	11.92	11.95	12.96	13.04	12.08
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	15.12	11.37	12.09	15.05	12.21	13.85	12.36	10.33	7.52	9.37	8.99
Price/Book(x)	2.12	1.86	1.58	1.98	1.82	2.07	1.86	1.75	1.29	1.61	1.98
Dividend Yield(%)	1.96	2.6	2.46	1.38	1.66	2.21	2.71	4.2	6.29	5.56	6.8
EV/Net Sales(x)	9.69	8.78	8.56	9.58	8.67	8.51	7.7	7.01	5.99	6.32	6.75
EV/Core EBITDA(x)	10.2	9.28	8.38	9.33	9.56	9.4	8.68	7.94	6.67	6.88	7.46
Net Sales Growth(%)	21.23	26.09	19.08	12.65	16.95	24.43	16.56	17.04	7.66	5.02	4.99
EBIT Growth(%)	32.57	24.01	32.06	8.76	-2.47	24.09	32.39	-13.46	33.92	-1	15.87
PAT Growth(%)	23.62	30.57	5.45	10.97	18.08	25.04	10.11	22.3	10.22	8.83	39.78
EPS Growth(%)	23.62	30.57	-6.68	10.97	18.08	25.04	10.11	22.3	10.22	8.83	39.78
Debt/Equity(x)	2.3	2.62	2.43	2.5	2.71	2.39	2.42	2.48	2.29	2.05	1.77
Current Ratio(x)	0.65	0.54	0.56	0.49	0.47	0.54	0.54	0.63	0.69	0.72	0.73
Quick Ratio(x)	0.62	0.51	0.53	0.47	0.45	0.51	0.51	0.6	0.65	0.68	0.7
Interest Cover(x)	2.81	2.77	2.14	1.97	2.49	2.51	2.84	2.03	2.53	2.85	3.44
Total Debt/Mcap(x)	1.09	1.41	1.53	1.27	1.49	1.15	1.3	1.41	1.78	1.27	0.89

Power Grid Corp Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	51.34	51.34	51.34	51.34	51.34	51.34	51.34	51.34	51.34	51.34
FII	25.97	26.74	28.39	28.28	27.87	28.19	29.35	30.25	31.68	32.76
DII	16.2	15.53	13.76	13.88	8.38	8.42	16.02	15.18	13.8	12.74
Public	6.48	6.39	6.5	6.51	12.41	12.05	3.29	3.24	3.18	3.16
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	268.59	268.59	268.59	268.59	358.12	358.12	358.12	358.12	358.12	358.12
FII	135.88	139.88	148.55	147.92	194.38	196.65	204.75	210.98	220.96	228.49
DII	84.78	81.27	72	72.62	58.47	58.7	111.72	105.87	96.27	88.87
Public	33.92	33.42	34.02	34.03	86.58	84.07	22.96	22.58	22.2	22.06
Others	0	0	0	0	0	0	0	0	0	0
Total	523.16	523.16	523.16	523.16	697.55	697.55	697.55	697.55	697.55	697.55