POWER GRID CORPORATION OF INDIA LIMITED

BSE: POWERGRID532898ISIN INE752E01010

Utilities
Power - Transmission
BSE SENSEX

Share price

₹262.00+2.10 (+0.81%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹324.80
52W low: ₹242.30
Off 52W high: -19.33%
1M return: +1.95%
3M return: -7.09%
6M return: -17.02%
1Y return: -6.09%
20D avg volume: 4,98,859
50 DMA: ₹260.33
200 DMA: ₹282.69

Key ratios Consolidated

Market cap: ₹2,43,676 Cr
Current price: ₹262.00
52W high / low: ₹324.80 / ₹242.30
Face value: ₹10.00
P/E: 15.05
P/B: 2.28
EPS (TTM): ₹17.41
Book value / share: ₹114.78
ROE: —
ROCE: 10.60%
Operating margin: —
Net margin: —
Debt / equity: 1.47
Net debt: ₹1,42,728 Cr
Interest cover: 3.07
Dividend yield: 3.44%
Dividend / share (TTM): ₹9.00
Payout: 51.69%
Cash conversion cycle: 100.3 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	11,816	11,497	11,666	12,395	11,476	11,196	12,275	11,233	11,278	11,006	11,978	11,550
	238.89	200.00	305.08	203.99	194.29	248.20	315.45	510.03	568.17	273.41	327.28	269.91
	12,055	11,697	11,971	12,599	11,670	11,444	12,591	11,743	11,846	11,280	12,305	11,820
	7,483	7,112	8,069	7,314	7,733	7,114	7,550	6,829	7,310	6,643	7,066	7,076
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	703.89	673.73	701.01	659.28	668.04	640.57	769.36	596.74	620.94	617.36	644.04	607.99
	2,191	2,023	2,175	2,190	2,148	1,934	2,303	1,917	2,441	2,039	1,928	2,446
	3,196	3,128	3,295	3,381	3,223	3,130	3,196	3,216	3,292	3,200	3,259	3,293
	1,392	1,287	1,899	1,083	1,694	1,409	1,282	1,098	955.50	786.35	1,235	728.91
	4,572	4,585	3,901	5,285	3,937	4,330	5,041	4,914	4,536	4,637	5,239	4,743
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	4,572	4,585	3,901	5,285	3,937	4,330	5,041	4,914	4,536	4,637	5,239	4,743
	796.42	882.74	4,391	1,312	829.36	867.99	918.82	1,090	884.48	879.30	958.47	787.52
	3,866	3,598	4,546	4,185	3,566	3,631	4,143	3,862	3,793	3,724	4,166	4,028
	4.16	3.87	4.89	4.50	3.84	3.90	4.46	4.15	4.08	4.00	4.48	4.33
Key metrics
	9,959	9,736	9,371	10,857	9,308	9,395	10,539	10,048	10,269	9,876	10,426	10,483
	84.30%	84.70%	80.30%	87.60%	81.10%	83.90%	85.90%	89.50%	91.10%	89.70%	87.00%	90.80%
	32.70%	31.30%	39.00%	33.80%	31.10%	32.40%	33.70%	34.40%	33.60%	33.80%	34.80%	34.90%
	2.70%	—	2.50%	—	2.50%	—	3.30%	—	—	—	—	—
	3.00%	2.70%	-5.00%	10.30%	1.80%	1.70%	2.50%	-2.70%	—	—	—	—
	8.40%	-0.90%	9.70%	8.40%	-6.00%	-2.50%	-0.60%	-4.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	47,374	46,733	45,792	45,843	45,581	41,616	39,640	37,744	35,059	29,941
	947.96	951.56	1,667	1,070	1,024	1,082	1,184	927.42	602.20	489.05
	48,322	47,684	47,459	46,913	46,606	42,698	40,824	38,671	35,661	30,431
	29,978	30,231	28,331	27,808	29,070	25,957	24,821	25,919	24,116	20,392
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	2,738	2,669	2,604	2,434	2,509	2,244	2,115	1,960	1,784	1,606
	8,580	8,448	8,700	8,773	9,634	8,036	8,135	9,509	8,737	7,324
	13,000	13,030	12,904	13,095	13,333	12,872	12,039	11,607	10,541	—
	5,661	6,085	4,123	3,506	3,595	2,806	2,532	2,844	3,055	2,231
	18,343	17,453	19,128	19,105	17,535	16,741	16,003	12,752	11,545	10,039
	0.00	0.00	0.00	0.00	0.00	3,320	-1,079	0.00	128.82	0.00
	18,343	17,453	19,128	19,105	17,535	20,061	14,924	12,752	11,674	10,039
	7,383	1,381	3,773	2,941	2,284	2,786	3,464	3,531	886.35	2,195
	16,196	15,928	15,521	15,573	15,417	16,824	12,036	11,059	10,034	8,198
	17.42	17.13	16.69	16.74	22.10	24.12	23.01	21.14	19.18	—
Key metrics
	39,923	38,931	40,732	40,973	40,502	40,969	35,098	33,868	30,952	17,363
	84.27%	83.30%	89.00%	89.40%	88.90%	98.40%	88.50%	89.70%	88.30%	58.00%
	34.19%	34.10%	33.90%	34.00%	33.80%	40.40%	30.40%	29.30%	28.60%	27.40%
	—	10.60%	12.30%	—	—	—	—	—	—	—
	2.58%	2.10%	-0.10%	0.60%	9.50%	5.00%	5.00%	7.70%	17.10%	—
	6.54%	2.60%	-0.30%	1.00%	-8.40%	39.80%	8.80%	10.20%	22.40%	—
	—	3,651	13,609	—	—	—	—	—	—	—
	—	2.57	2.33	—	—	—	—	—	—	—
	—	1.47	1.41	—	—	—	—	—	—	—
	—	1,42,728	1,27,168	—	—	—	—	—	—	—
	—	100.3	73.0	—	—	—	—	—	—	—
Balance sheet
	—	2,94,727	2,66,107	—	—	—	—	—	—	—
	—	30,658	29,499	—	—	—	—	—	—	—
	—	5,281	3,797	—	—	—	—	—	—	—
	—	11,673	7,965	—	—	—	—	—	—	—
	—	2,126	1,803	—	—	—	—	—	—	—
	—	532.94	376.68	—	—	—	—	—	—	—
	—	1,74,970	1,70,886	—	—	—	—	—	—	—
	—	955.81	620.44	—	—	—	—	—	—	—
	—	51,196	40,245	—	—	—	—	—	—	—
	—	1,48,009	1,30,965	—	—	—	—	—	—	—
	—	26,937	21,107	—	—	—	—	—	—	—
	—	1,21,072	1,09,858	—	—	—	—	—	—	—
	—	1,00,494	92,663	—	—	—	—	—	—	—
Cash flow
	—	40,931	36,223	—	—	—	—	—	—	—
	—	-35,305	-23,533	—	—	—	—	—	—	—
	—	-4,006	-12,357	—	—	—	—	—	—	—
	—	37,279	22,614	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	10,048	9,795	9,971	11,005	10,000	9,928	10,983	10,121	10,260	10,068	11,051	10,677
	1,852	1,575	1,984	1,431	1,349	1,329	1,500	1,488	1,123	782.21	1,203	791.02
	11,900	11,370	11,955	12,436	11,348	11,257	12,482	11,609	11,383	10,850	12,254	11,468
	7,531	7,124	8,181	7,367	7,604	7,085	7,391	6,799	7,239	6,557	7,046	6,950
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	695.23	666.14	692.77	654.36	662.88	633.91	764.24	594.41	618.73	615.62	642.04	606.64
	2,734	2,515	2,614	2,574	2,558	2,304	2,588	2,127	2,605	2,160	2,021	2,516
	2,986	2,925	3,096	3,207	3,056	2,970	3,043	3,074	3,162	3,073	3,116	3,159
	1,116	1,018	1,777	931.57	1,327	1,176	995.61	1,004	854.30	708.45	1,266	669.36
	4,369	4,246	3,774	5,069	3,744	4,172	5,092	4,810	4,144	4,293	5,208	4,517
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	4,369	4,246	3,774	5,069	3,744	4,172	5,092	4,810	4,144	4,293	5,208	4,517
	644.14	729.00	-4,597	1,169	708.59	733.32	806.34	959.96	679.78	819.78	906.03	659.53
	3,819	3,411	4,553	4,160	3,555	3,653	4,336	3,894	3,711	3,412	4,128	3,970
	4.10	3.67	4.90	4.47	3.82	3.93	4.66	4.19	3.99	3.67	4.44	4.27
Key metrics
	10,089	9,686	9,484	10,850	9,358	9,446	10,723	10,011	9,910	9,526	10,345	10,192
	100.40%	98.90%	95.10%	98.60%	93.60%	95.10%	97.60%	98.90%	96.60%	94.60%	93.60%	95.50%
	38.00%	34.80%	45.70%	37.80%	35.50%	36.80%	39.50%	38.50%	36.20%	33.90%	37.40%	37.20%
	2.80%	—	2.70%	—	2.60%	—	3.40%	—	—	—	—	—
	0.50%	-1.30%	-9.20%	8.70%	-2.50%	-1.40%	-0.60%	-5.20%	—	—	—	—
	7.40%	-6.60%	5.00%	6.80%	-4.20%	7.10%	5.00%	-1.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	40,820	40,904	41,431	42,391	43,343	39,928	37,666	36,186	34,119	29,752
	6,841	6,092	4,894	3,424	2,625	2,408	2,861	2,132	1,499	1,014
	47,661	46,996	46,325	45,815	45,968	42,336	40,527	38,318	35,618	30,766
	30,202	30,237	27,987	27,241	28,753	25,768	24,822	25,671	24,129	20,497
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	2,708	2,644	2,593	2,377	2,505	2,235	2,111	1,959	1,784	1,606
	10,436	10,050	9,479	9,047	9,744	8,211	8,501	9,814	9,091	7,591
	12,215	12,330	12,352	12,558	12,940	12,551	11,712	11,073	10,201	9,091
	4,843	5,213	3,562	3,259	3,564	2,772	2,499	2,824	3,053	2,209
	17,458	16,759	18,339	18,574	17,215	16,568	15,705	12,647	11,489	10,270
	0.00	0.00	0.00	—	—	3,760	-1,079	—	—	—
	17,458	16,759	18,339	18,574	17,215	20,327	14,626	12,647	11,489	10,270
	-2,054	-1,986	3,266	2,632	2,138	2,711	3,089	3,520	976.44	2,238
	15,943	15,921	15,354	15,475	15,333	17,094	11,936	10,811	9,939	8,239
	17.14	17.12	16.51	16.54	21.98	24.51	22.81	20.67	19.00	—
Key metrics
	40,109	39,139	40,170	40,179	39,899	41,089	34,839	33,534	30,781	26,952
	98.26%	95.70%	97.00%	94.80%	92.10%	102.90%	92.50%	92.70%	90.20%	90.60%
	39.06%	38.90%	37.10%	36.50%	35.40%	42.80%	31.70%	29.90%	29.10%	27.70%
	—	11.20%	12.40%	—	—	—	—	—	—	—
	-0.51%	-1.30%	-2.30%	-2.20%	8.60%	6.00%	4.10%	6.10%	14.70%	—
	3.27%	3.70%	-0.80%	0.90%	-10.30%	43.20%	10.40%	8.80%	20.60%	—
	—	26,378	26,367	—	—	—	—	—	—	—
	—	2.01	2.04	—	—	—	—	—	—	—
	—	1.48	1.42	—	—	—	—	—	—	—
	—	1,42,847	1,27,241	—	—	—	—	—	—	—
	—	103.4	71.2	—	—	—	—	—	—	—
Balance sheet
	—	2,79,435	2,57,870	—	—	—	—	—	—	—
	—	28,189	24,933	—	—	—	—	—	—	—
	—	5,162	3,724	—	—	—	—	—	—	—
	—	10,849	7,273	—	—	—	—	—	—	—
	—	1,447	1,378	—	—	—	—	—	—	—
	—	370.64	291.09	—	—	—	—	—	—	—
	—	1,50,777	1,52,385	—	—	—	—	—	—	—
	—	705.48	567.68	—	—	—	—	—	—	—
	—	40,489	33,505	—	—	—	—	—	—	—
	—	1,48,009	1,30,965	—	—	—	—	—	—	—
	—	26,937	21,107	—	—	—	—	—	—	—
	—	1,21,072	1,09,858	—	—	—	—	—	—	—
	—	99,929	92,216	—	—	—	—	—	—	—
Cash flow
	—	31,983	31,357	—	—	—	—	—	—	—
	—	-26,548	-17,897	—	—	—	—	—	—	—
	—	-3,996	-12,357	—	—	—	—	—	—	—
	—	5,604	4,990	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -1.91%
Sales CAGR 5Y: +1.66%
Profit CAGR 3Y: +1.26%
Profit CAGR 5Y: +5.93%
Sales YoY (TTM): -0.51%
Profit YoY (TTM): +3.27%

Consolidated

Sales CAGR 3Y: +0.84%
Sales CAGR 5Y: +3.35%
Profit CAGR 3Y: +1.09%
Profit CAGR 5Y: +5.76%
Sales YoY (TTM): +2.58%
Profit YoY (TTM): +6.54%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 51.34%

Quarter	September 2026	June 2026
Promoter %	51.34%	51.34%

Holder	Type	Holding	Previous	Change
PRESIDENT OF INDIA	Promoter	51.34%	51.34%	0.00%
LICI NEW PENSION PLUS SECURED FUND & Others	Public	5.50%	—	—
PARAG PARIKH LARGE CAP FUND	Public	3.56%	—	—
SBI ARBITRAGE FUND	Public	2.11%	—	—
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA IND	Public	1.88%	—	—
NPS TRUST A/C - HDFC PF NPS SURAKSHIT INCOME FUND	Public	1.57%	—	—
GOVERNMENT OF SINGAPORE - E	Public	1.52%	—	—
HDFC TRUSTEE COMPANY LIMITED-HDFC FLEXI CAP FUND	Public	1.38%	—	—
ISIF ACTIVE ASSET ALLOCATOR LONG-SHORT FUND	Public	1.23%	—	—
UTI NIFTY 500 EXCHANGE TRADED FUND	Public	1.15%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
POWER GRID CORPORATION OF INDIA LIMITED	2,43,676	262.00	15.05	10.60%	+2.58% TTM	+6.54% TTM	-6.09%
Triveni Power Transmission Limited	4,924	470.10	—	—	—	—	—

Filings & corporate actions

Recent announcements

Audio and video recording link of Analysts and Institutional Investors meet held on 03rd November, 2026.4 Nov 2026 · Company Update / Analyst / Investor Meet
Cessation of Shri Abhay Bakre as Govt. Nominee Director on the Board of POWERGRID.3 Nov 2026 · Company Update / Cessation
Appointment of Shri Anupam Kumar as Govt. Nominee Director and cessation of Shri Abhay Bakre as Govt. Nominee Director on the Board of POWERGRID.3 Nov 2026 · Company Update / General
Investor Presentation proposed to be given at Analysts and Institutional Investors meet to be held on Tuesday, 03.11.2026 at Mumbai.3 Nov 2026 · Company Update / Investor Presentation
Regional Director, Northern Region Directorate I, Ministry of Corporate Affairs, confirmed the respective schemes of merger of Wholly owned subsidiaries of POWERGRID.3 Nov 2026 · Company Update / General
Newspaper Publication of Unaudited Financial Results for quarter and half year ended 30.09.2026.2 Nov 2026 · Company Update / Newspaper Publication
Disclosure under Reg. 30 of SEBI (LODR) Regulations, 20151 Nov 2026 · Company Update / General
Board approved interim dividend of Rs. 3.00/- per equity share of Rs. 10 each.1 Nov 2026 · Corp. Action / Dividend
Unaudited financial results for the quarter and half year ended 30th September, 20261 Nov 2026 · Result / Financial Results
Outcome of the Board Meeting held on 01st November, 20261 Nov 2026 · Board Meeting / Outcome of Board Meeting
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201530 Oct 2026 · Company Update / General
Schedule of Analysts and Institutional Investors meet to be held on Tuesday, 3rd November, 2026 at Mumbai.28 Oct 2026 · Company Update / Analyst / Investor Meet
Update on Closure of Trading Window.28 Oct 2026 · Insider Trading / SAST / Closure of Trading Window
Record date for the purpose of ascertaining the eligibility of shareholders for payment of 01st Interim dividend, if declared by the Board, will be Friday, 06th November, 2026.28 Oct 2026 · Corp. Action / Record Date
Power Grid Corporation Of India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/11/2026 ,inter alia, to consider and approve the unaudited ....28 Oct 2026 · Board Meeting / Board Meeting
Commissioning of project namely "Transmission scheme for integration of Renewable Energy Zone (Phase-II) in Koppal-II (Phase-A & B) and Gadag-II (Phase-A) in Karnataka.23 Oct 2026 · Company Update / General
POWERGRID declared as successful bidder under TBCB16 Oct 2026 · Company Update / General
Acquisition of Jam Khambhaliya REZ Transmission Limited by POWERGRID under TBCB route.12 Oct 2026 · Company Update / Acquisition
Acquisition of Lakadia C Power Transmission Ltd. by POWERGRID under TBCB route.12 Oct 2026 · Company Update / Acquisition
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Acquisition of Lakadia II Power Transmission Limited by POWERGRID under TBCB route.12 Oct 2026 · Company Update / Acquisition
Commissioning of project namely "Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase-III Part-C1.11 Oct 2026 · Company Update / General
Commissioning of Project namely "Transmission Scheme for Solar Energy Zone in Bidar (2500 MW), Karnataka (TBCB).8 Oct 2026 · Company Update / General
Change in Senior Management (Cessation)30 Sep 2026 · Company Update / Change in Management
Appointment of Shri Akhilesh Pathak as Director (Projects) of POWERGRID w.e.f. 30th September, 2026.30 Sep 2026 · Company Update / Change in Directorate
Outcome of the Board Meeting for appointment of Shri Akhilesh Pathak, (DIN: 10830950) as Director (Projects) on the Board of POWERGRID30 Sep 2026 · Others / Outcome without intimation
Outcome of the Board Meeting held on 26th September, 2026.26 Sep 2026 · Board Meeting / Outcome of Board Meeting
POWERGRID declared as successful bidder under TBCB.26 Sep 2026 · Company Update / General
Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper publication regarding Special Window for Transfer and Dematerialization of Physical Securities.25 Sep 2026 · Company Update / Newspaper Publication
Acquisition of Barmer HVDC Power Transmission Limited by POWERGRID under TBCB route.23 Sep 2026 · Company Update / Acquisition
Power Grid Corporation Of India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/09/2026 ,inter alia, to consider and approve proposal for ....22 Sep 2026 · Board Meeting / Board Meeting
Raising of Funds by way of issuance of 'Unsecured, Non-convertible, Non-cumulative, Redeemable, Taxable POWERGRID Bonds - LXXXIV (84th) Issue 2026-27 on Private Placement.18 Sep 2026 · Board Meeting / Outcome of Board Meeting
Power Grid Corporation Of India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/09/2026 ,inter alia, to consider and approve proposed POWERGRID ....15 Sep 2026 · Board Meeting / Board Meeting
Appointment of Statutory Auditors of the Company by C&AG for FY 2026-27.8 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
POWERGRID declared as successful bidder under TBCB.3 Sep 2026 · Company Update / General
POWERGRID declared as successful bidder under TBCB.2 Sep 2026 · Company Update / General
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Change in Senior Management (Cessation)31 Aug 2026 · Company Update / Change in Management
Acquisition of Fatehgarh Transmission Limited by POWERGRID under TBCB route.28 Aug 2026 · Company Update / Acquisition
Disclosure under Reg. 30 of SEBI (LODR) Regulations, 2015.26 Aug 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend	6 Nov 2026	6 Nov 2026	—
Interim Dividend - Rs. - 3.0000	6 Nov 2026	6 Nov 2026	—
Final Dividend - Rs. - 1.2500	13 Aug 2026	13 Aug 2026	—
Interim Dividend - Rs. - 3.2500	9 Feb 2026	9 Feb 2026	—
Interim Dividend - Rs. - 4.5000	10 Nov 2025	10 Nov 2025	—
Final Dividend - Rs. - 1.2500	19 Aug 2025	19 Aug 2025	—
Interim Dividend - Rs. - 3.2500	7 Feb 2025	7 Feb 2025	—
Interim Dividend - Rs. - 4.5000	14 Nov 2024	14 Nov 2024	—
Final Dividend - Rs. - 2.7500	16 Aug 2024	16 Aug 2024	—

Board meetings

1 Nov 2026 Board Meeting - Financial Results
5 Aug 2026 Board Meeting - Financial Results