Stock POWERGRID POWER GRID CORPORATION OF INDIA LIMITED
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Financials Power Grid Corporation of India Limited

Equities

POWERGRID

INE752E01010

Electric Utilities

Market Closed - NSE India S.E.
Other stock markets
 07:43:48 2024-04-26 am EDT 		5-day change 1st Jan Change
292.2 INR -0.36% Intraday chart for Power Grid Corporation of India Limited +3.76% +23.21%
Apr. 24 Power Grid Corporation of India Limited Announces Cessation of Dilip Nigam as Govt. Nominee Director CI
Apr. 18 Indian Equities Tank on Thursday, Dragged by Escalating Iran-Israel Conflict, Dimming Hopes for US Rate Cut MT

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,035,332 832,346 1,128,192 1,512,278 1,574,360 2,718,101 - -
Enterprise Value (EV) 1 2,345,406 2,162,612 2,384,258 2,829,220 2,792,964 3,830,087 3,757,401 3,661,025
P/E ratio 10.4 x 7.7 x 9.45 x 8.85 x 10.3 x 17.7 x 16.5 x 15.5 x
Yield 4.21% 6.29% 5.56% 6.8% 6.54% 3.9% 3.95% 4.09%
Capitalization / Revenue 3.03 x 2.3 x 3 x 3.79 x 3.63 x 5.97 x 5.69 x 5.48 x
EV / Revenue 6.87 x 5.98 x 6.33 x 7.09 x 6.44 x 8.42 x 7.87 x 7.38 x
EV / EBITDA 8.01 x 6.89 x 7.21 x 8.1 x 7.49 x 9.82 x 9.16 x 8.6 x
EV / FCF 63.6 x 10 x 11.3 x 13.5 x 8.67 x 18.5 x 17.9 x 17.4 x
FCF Yield 1.57% 9.95% 8.87% 7.42% 11.5% 5.4% 5.57% 5.76%
Price to Book 1.75 x 1.29 x 1.62 x 1.99 x 1.9 x 3.06 x 2.85 x 2.64 x
Nbr of stocks (in thousands) 9,300,604 9,300,604 9,300,604 9,300,604 9,300,604 9,300,604 - -
Reference price 2 111.3 89.49 121.3 162.6 169.3 292.2 292.2 292.2
Announcement Date 5/29/19 6/20/20 6/17/21 5/21/22 5/19/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 341,191 361,855 376,656 399,281 433,430 455,026 477,638 496,209
EBITDA 1 292,821 314,017 330,559 349,217 372,738 390,072 410,298 425,521
EBIT 1 190,814 203,285 213,443 223,711 243,339 252,302 262,939 272,074
Operating Margin 55.93% 56.18% 56.67% 56.03% 56.14% 55.45% 55.05% 54.83%
Earnings before Tax (EBT) 1 114,890 126,474 146,261 203,275 172,147 189,676 204,316 218,471
Net income 1 99,386 108,112 119,358 170,938 153,330 154,853 166,749 178,191
Net margin 29.13% 29.88% 31.69% 42.81% 35.38% 34.03% 34.91% 35.91%
EPS 2 10.69 11.63 12.83 18.38 16.48 16.52 17.73 18.91
Free Cash Flow 1 36,869 215,240 211,432 209,949 322,037 206,737 209,435 210,706
FCF margin 10.81% 59.48% 56.13% 52.58% 74.3% 45.43% 43.85% 42.46%
FCF Conversion (EBITDA) 12.59% 68.54% 63.96% 60.12% 86.4% 53% 51.04% 49.52%
FCF Conversion (Net income) 37.1% 199.09% 177.14% 122.82% 210.03% 133.51% 125.6% 118.25%
Dividend per Share 2 4.686 5.625 6.750 11.06 11.06 11.39 11.54 11.96
Announcement Date 5/29/19 6/20/20 6/17/21 5/21/22 5/19/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Marzo 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4
Net sales 1 96,766 99,425 97,766 99,292 197,059 100,010 102,212 104,461 106,557 211,018 107,464 114,949 110,822 113,923 220,940 116,962 129,389
EBITDA 1 84,605 87,472 85,724 87,851 173,575 86,883 88,759 88,017 89,582 177,599 93,795 101,345 90,995 94,981 182,120 100,470 110,210
EBIT 58,473 57,219 60,612 56,417 - 54,954 56,884 55,991 57,389 - - - - - - - -
Operating Margin 60.43% 57.55% 62% 56.82% - 54.95% 55.65% 53.6% 53.86% - - - - - - - -
Earnings before Tax (EBT) 1 39,515 45,086 69,264 42,254 - 42,792 48,964 41,882 40,678 - 37,648 - 44,552 44,820 - 46,803 50,239
Net income 1 33,238 35,156 60,854 33,383 - 33,494 43,206 37,659 36,510 74,169 37,017 42,144 35,426 35,936 36,512 39,193 43,196
Net margin 34.35% 35.36% 62.24% 33.62% - 33.49% 42.27% 36.05% 34.26% 35.15% 34.45% 36.66% 31.97% 31.54% 16.53% 33.51% 33.38%
EPS 2 3.572 3.780 6.540 3.592 - 3.600 4.650 3.960 3.968 - 3.728 4.530 4.178 3.700 - 4.200 4.600
Dividend per Share - 1.688 - - - - - - - - - - - - - - -
Announcement Date 2/11/21 6/17/21 8/10/21 11/9/21 11/9/21 2/9/22 5/21/22 8/8/22 11/5/22 11/5/22 1/31/23 5/19/23 7/31/23 - 11/7/23 - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,310,075 1,330,266 1,256,065 1,316,942 1,218,605 1,111,986 1,039,300 942,924
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.474 x 4.236 x 3.8 x 3.771 x 3.269 x 2.851 x 2.533 x 2.216 x
Free Cash Flow 1 36,869 215,240 211,432 209,949 322,037 206,737 209,435 210,707
ROE (net income / shareholders' equity) 17.5% 17.5% 17.8% 23.5% 19.2% 17.5% 17.6% 17.6%
ROA (Net income/ Total Assets) 4.23% 4.31% 4.68% 6.81% 6.21% 7.8% 7.9% 8%
Assets 1 2,351,768 2,510,142 2,549,405 2,510,834 2,470,876 1,985,300 2,110,747 2,227,391
Book Value Per Share 2 63.50 69.30 74.80 81.90 89.00 95.50 103.0 110.0
Cash Flow per Share 2 24.90 31.80 29.60 26.50 37.90 33.80 54.40 59.60
Capex 1 194,620 80,061 63,892 36,453 30,645 80,238 117,057 158,273
Capex / Sales 57.04% 22.13% 16.96% 9.13% 7.07% 17.63% 24.51% 31.9%
Announcement Date 5/29/19 6/20/20 6/17/21 5/21/22 5/19/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Power Grid Corporation of India Limited

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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