Power Grid Corporation of India Ltd.
Power · NSE
52-week range
₹247 – ₹325
From 52w high
-3.4%
RSI (14)
53.9
vs SMA 50 / 200
↑ 50 · ↑ 200
Power Grid Corporation of India Ltd. (POWERGRID) is a Navratna PSU operating the national high-voltage transmission network, trading at ₹313.95 with a trailing PE of 20.16 and forward PE of 16.96. The stock sits 11.5% above its 200-DMA (₹281.53) and 2.8% above its 50-DMA (₹305.30), with RSI at 53.88 (neutral). A 3.9% dividend yield and 32.79% profit margin characterise the regulated-return business model, while a debt-to-equity ratio of 141.19 reflects the capital-intensive nature of transmission infrastructure.
- ✓Lowest PE (20.16) and highest quality score (52) among ranked peers in the Power sector — NTPC trades at 22.27 PE with a quality score of 28, while ADANIGREEN trades at 140.19 PE with a quality score of 28.
- ✓Profit margin of 32.79% is consistent with a regulated utility business model where tariffs are set to cover costs and provide a fixed return on equity, reducing top-line volatility.
- ✓Current price of ₹313.95 is 11.5% above the 200-DMA (₹281.53) and 9.7% higher over the past 3 months, with three technical support levels identified between ₹256.08 and ₹285.50.
- ✓Dividend yield of 3.9% alongside board-approved ₹4,000 crore SBI debt raise signals ongoing capital deployment into the national grid expansion, with 5-year revenue growth of 10.3%.
- ✗Debt-to-equity of 141.19 is structurally elevated; while common in regulated transmission utilities, it means earnings sensitivity to interest rate movements and refinancing costs is high.
- ✗ROE data is unavailable in the current dataset, and with FCF positive in only 4 of the tracked years, capital efficiency cannot be fully assessed; consistency score of 43 is below median.
- ✗Sector peer comparison is materially weakened — one peer (DUMMYVEDL2) is a dummy entry, priceChange1Y is null for all peers, and ROE rankings are incomplete, reducing confidence in relative positioning conclusions.
- ✗Five-year earnings growth of 8.4% trails revenue growth of 10.3%, suggesting margin pressure or rising capital costs are absorbing incremental revenues; the quality score of 52 is mid-range rather than top-tier.
- ·POWERGRID board approved a proposal to raise ₹4,000 crore from SBI (reported April 30, 2026), indicating active balance sheet utilisation to fund ongoing capex in the national transmission network.
- ·The company invited bids for synchronous condensers at Barmer II HVDC to support 6 GW solar evacuation (April 2026), reflecting its role as the backbone infrastructure for India’s renewable energy integration push.
- ·Two independent directors completed their tenures (April 2026); board composition changes at a PSU can influence governance continuity and long-term capital allocation decisions.
- ?Given debt-to-equity of 141.19, how sensitive is POWERGRID’s earnings per share to a 50–100 basis point shift in borrowing costs, and what proportion of its debt is fixed-rate versus floating-rate?
- ?The regulated return model provides revenue stability, but how does the regulatory asset base (RAB) growth rate compare to the 10.3% 5-year revenue CAGR, and does the tariff reset cycle present any near-term revision risk?
- ?With the ₹4,000 crore SBI fundraise and ongoing HVDC expansion, what is the trajectory of capital expenditure over the next 2–3 years, and how does management’s guidance on capex compare to historical FCF generation?
- ?POWERGRID’s quality score of 52 is the highest among its peers in this dataset, but how does it compare to transmission utilities in other markets or to POWERGRID’s own historical score when ROE data becomes available?
PE
20.2
Forward PE
17.0
ROE
—
Profit margin
+32.8%
D/E
141.19
Dividend yield
+3.9%
Quality score
52/100
ROE 5y above 15%
4/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 10 May 2026.