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Power Grid Corporation Of India Ltd.

PowerPower Generation/Distribution

www.powergrid.in BSE: 532898NSE: POWERGRID

₹243.20BSE2.03%

23 Oct, 1:01 PM

₹243.20

₹2.30L Cr

14.49

2.21

16.49%

₹249.20

₹242.30

₹324.80

₹244.65

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Price Performance

Peer Comparison

Name
ADANI POWER ADANIPOWER	176.45	25.02	3,40,278.44	0.00	4,866.60	47.24%	18,901.89	33.97%	17.79
NTPC LTD NTPC	293.40	10.54	2,84,500.18	2.98	6,896.44	12.90%	50,740.96	7.81%	8.52
Power Grid Corporation Of India Ltd. POWERGRID	243.20	14.49	2,30,282.95	3.63	3,598.42	-0.89%	11,496.72	2.68%	9.74
ADANIGREEN ADANIGREEN	1,178.90	109.69	1,94,185.60	0.00	747.00	15.99%	4,258.00	41.56%	9.90
ADANIENSOL ADANIENSOL	1,204.05	42.65	1,47,249.83	0.00	1,363.92	144.82%	10,075.54	52.76%	9.71
TATA POWER TATAPOWER	342.20	29.24	1,09,344.52	0.71	1,400.86	10.98%	19,051.26	5.63%	11.63
JSW ENERGY JSWENERGY	442.80	43.26	81,186.62	0.43	532.70	-36.27%	5,207.13	1.24%	8.50
NHPC NHPC	69.39	19.13	69,702.50	2.23	1,178.09	4.15%	3,808.31	18.50%	6.16

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	11,978.11	11,006.18	11,277.76	11,233.03	12,275.35	11,196.22	11,475.95	12,395.09	11,665.61	11,496.72
Expenses	1,879.08	1,403.71	1,576.44	1,695.05	2,051.75	2,049.48	2,362.21	1,742.11	2,600.00	1,960.25
	10,099.03	9,602.47	9,701.32	9,537.98	10,223.60	9,146.74	9,113.74	10,652.98	9,065.61	9,536.47
	84.31%	87.25%	86.02%	84.91%	83.29%	81.69%	79.42%	85.95%	77.71%	82.95%
	327.28	273.41	568.17	510.03	315.45	248.20	194.29	203.99	305.08	200.00
Interest	1,928.13	2,038.97	2,441.09	1,917.41	2,302.66	1,934.28	2,148.07	2,190.50	2,174.73	2,022.94
	3,259.02	3,200.39	3,292.06	3,216.19	3,195.51	3,130.47	3,223.12	3,381.46	3,294.63	3,128.47
	5,300.89	4,665.54	4,431.73	4,909.32	5,011.30	4,285.75	3,878.17	5,238.79	3,918.32	4,587.32
	18.08%	18.85%	19.96%	22.21%	18.33%	20.25%	21.39%	25.05%	-112.07%	19.24%
	4,166.33	3,723.92	3,793.02	3,861.63	4,142.87	3,630.58	3,566.08	4,184.96	4,546.33	3,598.42
	4.48	4.00	4.08	4.15	4.45	3.90	3.83	4.50	4.89	3.87

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	41,621.64	45,603.11	45,843.10	45,792.32	46,732.87
Operating Income (Net)	41,621.64	45,603.11	45,843.10	45,792.32	46,732.87
EXPENDITURE :
Power Generation & Distribution Cost	298.71	312.94	327.46	340.52	356.09
Employee Cost	2,243.89	2,508.53	2,434.44	2,604.40	2,668.90
Operating Expenses	1,179.46	1,206.52	1,388.63	1,731.72	2,430.97
General and Administration Expenses	838.33	963.64	1,063.98	1,177.44	1,270.68
Selling and Distribution Expenses	10.88	18.77	15.09	53.86	68.88
Miscellaneous Expenses	479.11	1,093.11	711.32	821.26	1,958.84
	5,050.38	6,103.51	5,940.92	6,729.20	8,754.36
Operating Profit (Excl OI)	36,571.26	39,499.60	39,902.18	39,063.12	37,978.51
	1,077.20	1,002.89	1,070.73	1,669.31	952.12
	37,648.46	40,502.49	40,972.91	40,732.43	38,930.63
Interest	8,036.22	9,633.94	8,772.75	8,700.13	8,447.58
PBDT	29,612.24	30,868.55	32,200.16	32,032.30	30,483.05
	12,871.66	13,333.38	13,095.27	12,904.15	13,029.68
Profit Before Taxation & Exceptional Items	16,740.58	17,535.17	19,104.89	19,128.15	17,453.37
Exceptional Income / Expenses	2,790.59	248.57	-571.39	276.31	-2,774.39
	19,609.64	17,701.62	18,513.95	19,294.20	14,546.64
Provision for Tax	2,785.57	2,281.88	2,940.79	3,772.76	-1,381.31
	16,824.07	15,419.74	15,573.16	15,521.44	15,927.95
Extra items				0.00	0.00
Consolidated Net Profit	16,824.07	15,419.74	15,573.16	15,521.44	15,927.95
Profit Balance B/F	3,667.03	4,106.52	4,043.48	2,152.66	2,445.11
Appropriations	20,491.10	19,526.26	19,616.64	17,674.10	18,373.06
Equity Dividend %	147.50%	147.50%	112.50%	90.00%	90.00%
	24.12	22.11	16.74	16.69	17.13
Adjusted EPS	18.09	16.58	16.74	16.69	17.13

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	6,975.45	6,975.45	9,300.60	9,300.60	9,300.60
Total Reserves	69,271.68	76,050.84	77,844.51	83,362.21	91,193.43
Reserve excluding Revaluation Reserve	69,271.68	76,050.84	77,844.51	83,362.21	91,193.43
Revaluation reserve			0.00
	76,247.13	83,026.29	87,145.11	92,662.81	1,00,494.03
Secured Loans	81,919.46	74,826.05	64,315.50	56,323.58	44,405.54
Unsecured Loans	32,279.94	39,065.24	40,751.45	53,534.37	76,666.26
Deferred Tax Assets / Liabilities	11,356.98	10,667.09	10,236.93	10,616.78	6,100.30
Other Long Term Liabilities	13,308.01	13,990.72	12,383.92	11,909.33	12,408.60
Long Term Provisions	517.14	577.87	643.66	726.56	799.78
Total Non-Current Liabilities	1,39,381.53	1,39,126.97	1,28,331.46	1,33,110.62	1,40,380.48
Trade Payables	267.10	327.79	371.36	620.44	955.81
Other Current Liabilities	28,571.10	26,045.52	31,448.41	33,118.17	42,417.07
Short Term Borrowings	5,300.00	2,622.61	2,693.52	5,709.36	7,000.00
Short Term Provisions	13,510.30	12,274.64	7,106.18	7,209.65	6,650.49
Total Current Liabilities	47,648.50	41,270.56	41,619.47	46,657.62	57,023.37
Total Liabilities	2,63,277.16	2,63,423.82	2,57,096.04	2,72,431.05	3,00,499.93
Gross Block	2,62,726.27	2,70,107.49	2,75,991.03	2,83,822.15	3,01,590.96
Less: Accumulated Depreciation	70,953.43	84,670.50	98,230.48	1,11,501.98	1,25,060.45
Net Block	1,91,772.84	1,85,436.99	1,77,760.55	1,72,320.17	1,76,530.51
Capital Work in Progress	12,799.90	13,741.24	18,081.73	33,268.69	43,654.29
Non Current Investments	3,787.64	3,489.11	3,554.91	3,116.65	2,743.87
Long Term Investment	3,787.64	3,489.11	3,554.91	3,116.65	2,743.87
Long Term Loans & Advances	1,078.93	2,943.57	2,828.45	3,986.31	5,856.23
Other Non Current Assets	18,829.58	20,653.42	21,812.85	23,511.09	32,181.22
Total Non-Current Assets	2,28,322.59	2,26,295.41	2,24,154.25	2,36,519.29	2,61,058.59
Currents Investments	15.86	260.86	869.12		251.22
Inventories	1,357.17	1,339.95	1,406.29	1,802.52	2,126.35
Sundry Debtors	9,189.33	14,883.96	11,539.63	7,964.75	11,672.59
Cash and Bank	5,048.18	7,384.58	7,495.12	10,077.24	8,920.41
Other Current Assets	991.51	1,018.52	1,226.94	1,094.03	1,669.95
Short Term Loans and Advances	18,107.52	12,240.54	10,404.69	14,973.22	11,844.67
Total Current Assets	34,709.57	37,128.41	32,941.79	35,911.76	36,485.19
Net Current Assets (Including Current Investments)	-12,938.93	-4,142.15	-8,677.68	-10,745.86	-20,538.18
Total Assets	2,63,277.16	2,63,423.82	2,57,096.04	2,72,431.05	3,00,499.93
Contingent Liabilities	9,677.08	7,244.07	4,668.04	7,881.12	7,372.81
Total Debt	1,34,665.27	1,28,517.51	1,23,448.62	1,30,964.96	1,48,009.01
	109.31	119.03	93.70	99.63	108.05
Adjusted Book Value	81.98	89.27	93.70	99.63	108.05

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	19,497.49	17,754.25	18,392.98	19,352.68	13,959.26
Adjustment	16,696.33	22,753.02	21,224.09	19,338.33	24,407.90
Changes In working Capital	-6,350.92	2,548.64	1,053.16	709.46	5,734.30
Cash Flow after changes in Working Capital	29,842.90	43,055.91	40,670.23	39,400.47	44,101.46
Cash Flow from Operating Activities	26,123.52	40,202.87	37,289.50	36,221.82	40,935.36
Cash Flow from Investing Activities	752.79	-7,138.25	-13,114.39	-23,531.80	-35,310.24
Cash Flow from Financing Activitie	-28,966.94	-30,449.56	-25,903.33	-12,357.18	-4,006.26
Net Cash Inflow / Outflow	-2,090.63	2,615.06	-1,728.22	332.84	1,618.86
Opening Cash & Cash Equivalents	4,667.74	2,577.11	5,192.17	3,463.95	3,796.79
Cash & Cash Equivalent on Amalgamation / Take over / Merger					-135.03
Closing Cash & Cash Equivalent	2,577.11	5,192.17	3,463.95	3,796.79	5,280.62

Ratios

Valuation

14.49

2.21

9.41

4.90

17.09

112.03

Profitability

16.49

9.74

5.56

81.27

34.08

Leverage & Liquidity

1.47

0.64

2.72

Returns

3.63

0.16

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	51.34	51.34	51.34	51.34	51.34	51.34	51.34	51.34	51.34	51.34
	45.04	45.15	45.13	45.12	45.05	45.06	44.98	45.14	45.02	44.93
	3.62	3.51	3.53	3.54	3.61	3.61	3.68	3.50	3.64	3.73
	48.66	48.66	48.66	48.66	48.66	48.66	48.66	48.66	48.66	48.66
No. of Shareholders	13,17,077	13,29,741	13,51,252	13,83,986	13,88,417	13,72,725	13,74,801	13,35,909	13,51,868	13,55,725

Mutual Funds Invested(362)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 173 active funds hold 7.13% in Power Grid Corporation Of India Ltd., contributing to ₹17.27K Cr of holdings

Fund				As of
PP Parag Parikh Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	8,128.19	5.60	31,20,22,782	Sep '26
NI CPSE Exchange Traded SchemeIndex	3,324.08	17.83	12,76,04,017	Sep '26
HD HDFC Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	2,288.82	2.11	8,78,62,679	Sep '26
SB SBI Nifty 50 ETFIndex	2,287.86	1.13	8,78,25,639	Sep '26
SB SBI BSE Sensex ETFIndex	1,594.91	1.38	6,12,36,556	Sep '26
UT UTI Nifty 50 ETFIndex	784.61	1.13	3,01,19,478	Sep '26
UT UTI BSE Sensex ETFIndex	751.54	1.38	2,88,55,480	Sep '26
NI Nippon India ETF Nifty 50 BeESIndex	734.47	1.13	2,81,94,645	Sep '26
IP Bharat 22 ETFIndex	713.05	7.48	2,73,77,501	Sep '26
IP ICICI Prudential Large Cap Fund - Growth - Direct PlanLarge Cap Fund	542.55	0.71	2,08,27,135	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-09-22	Board Meeting	Fund Raising
2026-09-22	Board Meeting	Inter-alia to consider the proposal for Raising of funds through Unsecured Rupee Term Loan/Line of Credit (Bank Facility).
2026-09-15	Board Meeting	Inter alia, to consider issue of Unsecured, Non-Convertible, Non-Cumulative, Redeemable, Taxable Bonds as POWERGRID Bond - LXXXIV (84th) Issue under private placement.

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

PowerPower Generation/Distribution

Power Grid Corporation Of India Ltd. operates in the Power sector under the Power Generation/Distribution industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

8 members across the board and senior leadership

Anjana Luthra

Company Secretary & Compliance Officer

—

Yatindra Dwivedi

Whole Time Director - Personnel, Additional charge of Director (Finance)

₹1.07 Cr

Mar '26

Naveen Srivastava

Whole Time Director - Operations

₹1.03 Cr

Mar '26

Saibaba Darbamulla

Government Nominee Director

—

Abhay Bakre

Government Nominee Director

—

Vamsi Ramamohan Burra

Chairman & Managing Director

₹98.17 L

Mar '26

Amol Babulal Taori

Director - Finance

—

Akhilesh Pathak

Director - Projects

—

POWERGRID Latest News

News

10 of 10 articles

COMPANY16 Oct 2026 · 17:59

Power Grid Corporation emerges as successful bidder for Rs 199.55 crore transmission project

The project comprises establishment of new 765/400 kV GIS Pune West Substation in the state of Maharashtra

COMPANY13 Oct 2026 · 09:18

Power Grid Corporation acquires Lakadia C Power Transmission

The cost of acquisition is Rs 19.94 crore, including 10,000 equity shares at par at Rs 10 each, along with the assets and liabilities of Lakadia C Power Transmission

COMPANY28 Sept 2026 · 09:30

Power Grid emerges as successful bidder for Rs 430.67 crore transmission project

The project comprises establishment of new 765/400/220 kV Alephata Sub-station in the state of Maharashtra

COMPANY24 Sept 2026 · 09:14

Power Grid Corporation acquires Barmer HVDC Power Transmission

Barmer HVDC Power Transmission is engaged in the business as that of Powergrid i.e. transmission of power

EQUITY18 Sept 2026 · 15:03

Power Grid Corporation of India informs about outcome of board meeting

EQUITY4 Sept 2026 · 09:57

Power Grid Corporation moves up on emerging as successful bidder for Gujarat transmission project

The Letter of Intent has been received by Power Grid Corporation of India on September 3, 2026

COMPANY4 Sept 2026 · 09:30

Power Grid Corporation emerges as successful bidder for Gujarat transmission project

The Letter of Intent has been received by Power Grid Corporation of India on September 3, 2026

EQUITY3 Sept 2026 · 09:54

Power Grid Corporation moves up on emerging as successful bidder for Rajasthan transmission project

The Letter of Intent has been received by the company on September 02, 2026

COMPANY3 Sept 2026 · 09:30

Power Grid Corporation emerges as successful bidder for Rajasthan transmission project

The Letter of Intent has been received by the company on September 02, 2026

EQUITY7 Aug 2026 · 14:54

Power Grid Corporation of India informs about investor presentation

POWERGRID

₹243.20

-2.03%