Power Grid Corporation of India Limited (POWERGRID)

India's largest electric power transmission company and a Maharatna Public Sector Enterprise, playing a crucial role in strengthening the country's electricity infrastructure and enabling India's renewable energy transition.

Company Snapshot

A dominant player in India's interstate power transmission network with stable cash flows, attractive dividends, and significant long-term growth opportunities from renewable energy integration.

Snapshot Data

Particulars	Details
Market Capitalisation	Approximately ₹2.7 Lakh Crore
Current Share Price	Around ₹292 per share
Dividend Yield	Approximately 5% - 6%
Transmission Network	Over 1.8 Lakh Circuit Kilometers
Transformation Capacity	More than 5 Lakh MVA
Ownership Status	Maharatna Central Public Sector Enterprise
Industry	Electric Power Transmission
Business Model	Regulated Tariff-Based Transmission Business

Key Management Team

Designation	Name
Chairman & Managing Director (CMD)	Shri Ravindra Kumar Tyagi
Director (Projects)	Shri Yatindra Dwivedi
Director (Personnel)	Shri Srikant Nagulapalli
Director (Finance)	Shri Parminder Chopra
Director (Operations)	Shri R.K. Gupta

Financial Metrics

Metric	Value
Market Capitalisation	~₹2.7 Lakh Crore
P/E Ratio	Around 17x
Price to Book Value	Around 2.6x
Dividend Yield	Approximately 5% - 6%
Q4 FY26 Revenue	₹11,970.69 Crore
Q4 FY26 Net Profit	₹4,546.33 Crore
Return on Equity (ROE)	Approximately 18% - 19%
Debt Profile	Moderate and Supported by Stable Cash Flows

Growth Drivers

Renewable Energy Expansion: India's target of achieving 500 GW of non-fossil fuel capacity by 2030 requires significant transmission infrastructure investments.
Massive Capital Expenditure Plans: The company has increased capital expenditure guidance to nearly ₹32,000 crore to strengthen transmission assets.
Stable Regulated Business Model: Regulated tariffs provide predictable earnings and strong cash flow visibility.
Government Support: Maharatna status and strategic importance provide long-term policy support.
Growing Electricity Demand: Industrialization, urbanization, electric vehicles, and data centers continue to drive transmission requirements.

Key Risks

Project Execution Delays: Delays in project commissioning may affect earnings growth.
Regulatory Risks: Any changes in tariff regulations can impact profitability.
Rising Interest Rates: Higher borrowing costs may affect returns due to the capital-intensive business model.
Dependence on Government Policies: Growth prospects remain closely linked to infrastructure spending policies.
Renewable Project Delays: Slower renewable project implementation can postpone transmission demand.

Latest Developments

Reported approximately 9.7% year-on-year growth in Q4 FY26 net profit.
Recommended a final dividend of ₹1.25 per share, maintaining its track record as an attractive dividend-paying PSU.
Won multiple transmission projects under the Tariff-Based Competitive Bidding (TBCB) route.
Expanded investments to support India's ambitious renewable energy infrastructure goals.
Continues to strengthen interstate transmission capacity and grid modernization initiatives.

Power Grid Corporation of India Limited (POWERGRID)

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