Analysts/Institutional Investor Meet/Con. Call Updates4 Nov 2026 · 00:47
Power Grid Corporation of India Limited has informed the Exchange about Link of Recording
Price
Daily closing prices, adjusted for bonuses and splits
Returns against the Nifty 50
| Return | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|
| POWERGRID | +4.2% | +2.0% | −7.0% | −17.1% | −6.1% | +28.2% | +88.8% |
| Nifty 50 | +5.6% | +6.2% | −2.7% | −1.5% | −6.4% | +24.6% | +33.7% |
Price returns, without dividends. Source: NSE end-of-day data.
Check-up
Where POWERGRID sits against the Nifty 50 and its industry. Facts, not advice.
Price return
−6.09%
Over 1 year. The Nifty 50 returned −6.40%, so POWERGRID beat it by 0.3 percentage points.
Valuation (PE)
15.0
Price is 15.0 times the last four quarters' earnings per share, lower than the Nifty 50's PE of 19.8.
Growth
+3.0%
Revenue in Q2 FY27 compared with the same quarter a year earlier. Net profit changed +8.4%.
Profitability (ROE)
15.2%
Profit over the last four quarters as a share of shareholders' equity. Net margin is 34.2%.
Debt
1.42×
Borrowings are 1.42 times shareholders' equity (latest balance sheet, 30 Sep 2026).
Volatility
1.54×
Daily price moves over the last year were 1.54 times as large as the Nifty 50's (annualised volatility 21.3%).
What the latest numbers show
Calculated by stockER from the company's filings and NSE data.
Positives 4
- Revenue up 3.0% from a year ago₹11,816 cr in Q2 FY27, against ₹11,476 cr in Q2 FY26.
- Net profit up 8.4% from a year ago₹3,866 cr in Q2 FY27, against ₹3,566 cr in Q2 FY26.
- Net margin widened to 32.7%From 31.1% in Q2 FY26.
- Operating cash flow of ₹40,931 crCash generated by the business in the year to 31 Mar 2026.
Watch points 3
- Borrowings rose 11.2% in a year₹1,51,207 cr on 30 Sep 2026, against ₹1,35,923 cr a year earlier.
- Foreign institutional holding down 1.64 points in a year24.03% on 30 Sep 2026, from 25.67%.
- Mutual fund holding down 0.59 points in a year12.76% on 30 Sep 2026, from 13.35%.
Financials
Consolidated results as filed with NSE. ₹ crore unless stated.
Revenue
Net profit
EPS (₹)
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 11,233 | 12,275 | 11,196 | 11,476 | 12,395 | 11,666 | 11,497 | 11,816 |
| Other income | 510 | 315 | 248 | 194 | 204 | 305 | 200 | 239 |
| Total expenses | 6,829 | 7,550 | 7,114 | 7,733 | 7,314 | 8,069 | 7,112 | 7,483 |
| EBITDA | 10,048 | 10,539 | 9,395 | 9,308 | 10,857 | 9,371 | 9,736 | 9,959 |
| Depreciation | 3,216 | 3,196 | 3,130 | 3,223 | 3,381 | 3,295 | 3,128 | 3,196 |
| Finance cost | 1,917 | 2,303 | 1,934 | 2,148 | 2,190 | 2,175 | 2,023 | 2,191 |
| PBIT | 6,832 | 7,344 | 6,264 | 6,085 | 7,476 | 6,076 | 6,608 | 6,763 |
| Profit before tax | 4,914 | 5,041 | 4,330 | 3,937 | 5,285 | 3,901 | 4,585 | 4,572 |
| Tax | 1,090 | 919 | 868 | 829 | 1,312 | −4,391 | 883 | 796 |
| Net profit | 3,862 | 4,143 | 3,631 | 3,566 | 4,185 | 4,546 | 3,598 | 3,866 |
| EPS (₹) | 4.15 | 4.46 | 3.90 | 3.84 | 4.50 | 4.89 | 3.87 | 4.16 |
| ₹ crore | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue from operations | 45,581 | 45,843 | 45,792 | 46,733 |
| Other income | 1,024 | 1,070 | 1,667 | 952 |
| Total expenses | 29,070 | 27,808 | 28,331 | 30,231 |
| EBITDA | 40,502 | 40,973 | 40,732 | 38,931 |
| Depreciation | 13,333 | 13,095 | 12,904 | 13,030 |
| Finance cost | 9,634 | 8,773 | 8,700 | 8,448 |
| PBIT | 27,169 | 27,878 | 27,828 | 25,901 |
| Profit before tax | 17,535 | 19,105 | 19,128 | 17,453 |
| Tax | 2,284 | 2,941 | 3,773 | −1,381 |
| Net profit | 15,417 | 15,573 | 15,521 | 15,928 |
| ₹ crore | MAR 2024 | SEP 2024 | MAR 2025 | SEP 2025 | MAR 2026 | SEP 2026 |
|---|---|---|---|---|---|---|
| Total assets | 2,50,891 | 2,55,297 | 2,66,107 | 2,78,412 | 2,94,727 | 3,01,346 |
| Current assets | 26,792 | 28,076 | 29,499 | 31,022 | 30,658 | 25,552 |
| Inventories | 1,406 | 1,405 | 1,803 | 1,884 | 2,126 | 2,416 |
| Cash and equivalents | 3,464 | 3,847 | 3,797 | 3,324 | 5,281 | 2,521 |
| Total liabilities | 1,63,745 | 1,63,236 | 1,73,444 | 1,79,481 | 1,94,233 | 1,94,597 |
| Current liabilities | 34,421 | 34,886 | 40,245 | 35,207 | 51,196 | 46,161 |
| Borrowings | 1,23,449 | 1,22,499 | 1,30,965 | 1,35,923 | 1,48,009 | 1,51,207 |
| Shareholders' equity | 87,145 | 92,061 | 92,663 | 98,932 | 1,00,494 | 1,06,748 |
| Equity attributable to owners | 87,145 | 92,061 | 92,663 | 98,932 | 1,00,494 | 1,06,748 |
Balance sheets are filed every half year (September and March).
| ₹ crore | 6M to SEP 2022 | 12M to MAR 2025 | 6M to SEP 2025 | 12M to MAR 2026 | 6M to SEP 2026 |
|---|---|---|---|---|---|
| From operations | 13,271 | 36,223 | 14,832 | 40,931 | 18,668 |
| From investing | −1,783 | −23,533 | −13,092 | −35,305 | −17,602 |
| From financing | −11,928 | −12,357 | −2,213 | −4,006 | −3,608 |
| Capital expenditure | 1,948 | 22,614 | 12,667 | 37,279 | 18,869 |
| Free cash flow | 11,323 | 13,609 | 2,165 | 3,651 | −201 |
Cash flow statements are filed every half year; figures are for the period shown.
EBITDA here is profit before tax plus finance cost and depreciation. Annual figures add up the four quarters of each financial year. Source: company filings on NSE (XBRL).
Peers
Power companies in the Nifty 50.
| Company | Price | Market cap | PE | PB | ROE | Div. yield | 1Y return |
|---|---|---|---|---|---|---|---|
| Power Grid Corporation of India Ltd.POWERGRID | ₹262.05 | ₹2.44 lakh cr | 15.0 | 2.28 | 15.2% | 4.58% | −6.1% |
| NTPC Ltd.NTPC | ₹321.95 | ₹3.12 lakh cr | 10.5 | 1.46 | 13.9% | 3.73% | −2.6% |
Price comparison
Change in price from the start of the period
POWERGRIDNifty 50NTPC
Events
Dividends, bonuses and splits from NSE's corporate actions.
Dividend paid in 5 of the last 5 calendar years (2022–2026)Over the last 12 months: ₹12.00 per share (adjusted for bonuses and splits), a yield of 4.58% at today's price.
Coming up
!Interim Dividend - Rs 3 Per ShareEx-date
6 Nov 2026
6 Nov 2026
Past dividends
Interim dividend
Interim Dividend - Rs 3 Per SharePer share
₹3.00Ex-date
6 Nov 2026
Interim Dividend - Rs 3 Per SharePer share
₹3.00Ex-date
6 Nov 2026
Dividend
Dividend - Rs 1.25 Per SharePer share
₹1.25Ex-date
13 Aug 2026
Dividend - Rs 1.25 Per SharePer share
₹1.25Ex-date
13 Aug 2026
Interim dividend
Interim Dividend - Rs 3.25 Per SharePer share
₹3.25Ex-date
9 Feb 2026
Interim Dividend - Rs 3.25 Per SharePer share
₹3.25Ex-date
9 Feb 2026
Interim dividend
Interim Dividend - Rs 4.50 Per SharePer share
₹4.50Ex-date
10 Nov 2025
Interim Dividend - Rs 4.50 Per SharePer share
₹4.50Ex-date
10 Nov 2025
Dividend
Dividend - Rs 1.25 Per SharePer share
₹1.25Ex-date
19 Aug 2025
Dividend - Rs 1.25 Per SharePer share
₹1.25Ex-date
19 Aug 2025
Interim dividend
Interim Dividend - Rs 3.25 Per SharePer share
₹3.25Ex-date
7 Feb 2025
Interim Dividend - Rs 3.25 Per SharePer share
₹3.25Ex-date
7 Feb 2025
Interim dividend
Interim Dividend - Rs 4.50 Per SharePer share
₹4.50Ex-date
14 Nov 2024
Interim Dividend - Rs 4.50 Per SharePer share
₹4.50Ex-date
14 Nov 2024
Dividend
Annual General Meeting/Dividend - Rs 2.75 Per SharePer share
₹2.75Ex-date
16 Aug 2024
Annual General Meeting/Dividend - Rs 2.75 Per SharePer share
₹2.75Ex-date
16 Aug 2024
Bonuses, splits and other actions
Bonus 1:3Ex-date
12 Sep 2023
12 Sep 2023
Bonus 1:3Ex-date
29 Jul 2021
29 Jul 2021
Filings and updates
The company's own announcements to NSE: results, dividends, presentations and board decisions.
Annual report 2025–26Open (PDF / ZIP)
Annual report 2024–25Open (PDF / ZIP)
Annual report 2023–24Open (PDF / ZIP)
Annual report 2022–23Open (PDF / ZIP)
Annual report 2021–22Open (PDF / ZIP)
Change in Director(s)3 Nov 2026 · 21:58
Power Grid Corporation of India Limited has informed the Exchange regarding Change in Director(s) of the company.
Investor Presentation3 Nov 2026 · 14:53
Power Grid Corporation of India Limited has informed the Exchange about Investor Presentation
General Updates3 Nov 2026 · 12:02
Power Grid Corporation of India Limited has informed the Exchange about Regional Director, Northern Region Directorate I, Ministry of Corporate Affairs, confirmed the respective schemes of merger of Wholly owned subsidiaries of POWERGRID.
Dividend1 Nov 2026 · 20:20
Power Grid Corporation of India Limited has informed the Exchange that Board of Directors at its meeting held on November 01, 2026, declared Interim Dividend of Rs. 3 per equity share.
Outcome of Board Meeting1 Nov 2026 · 20:11
Power Grid Corporation of India Limited has submitted to the Exchange, the unaudited financial results for the quarter and half year ended September 30, 2026.
Analysts/Institutional Investor Meet/Con. Call Updates28 Oct 2026 · 23:07
Power Grid Corporation of India Limited has informed the Exchange about Schedule of Analysts & Institutional Investors Meet on Financial Performance of POWERGRID for the 2nd quarter and half year ended 30th September, 2026.
Record Date28 Oct 2026 · 15:43
Power Grid Corporation of India Limited has informed the Exchange that Record date for the purpose of Dividend is 06-Nov-2026, if declared by the Board.
Acquisition12 Oct 2026 · 21:45
Power Grid Corporation of India Limited has informed the Exchange about Acquisition of Jam Khambhaliya REZ Transmission Limited by POWERGRID under TBCB route.
Acquisition12 Oct 2026 · 21:44
Power Grid Corporation of India Limited has informed the Exchange about Acquisition of Lakadia C Power Transmission Limited by POWERGRID under TBCB route.
Acquisition12 Oct 2026 · 17:30
Power Grid Corporation of India Limited has informed the Exchange about Acquisition of Lakadia II Power Transmission Limited by POWERGRID under TBCB route.
Appointment30 Sep 2026 · 20:04
Power Grid Corporation of India Limited has informed the Exchange regarding Appointment of Mr Akhilesh Pathak as Director (Projects) of the company w.e.f. September 30, 2026.
Frequently asked questions
What is the share price of Power Grid Corporation of India Ltd. (POWERGRID)?
POWERGRID closed at ₹262.05 on NSE on 4 Nov 2026, +0.96% on the day. stockER shows end-of-day prices, updated after the market closes.
What is the market cap of POWERGRID?
₹2.44 lakh cr, based on 930.06 crore shares and the latest closing price. That makes it #30 by size in the Nifty 50.
What are the PE and PB ratios of POWERGRID?
PE 15.05 on earnings per share of ₹17.41 over the last four quarters; PB 2.28 on the latest reported equity.
What is the 52-week high and low of POWERGRID?
High ₹324.95 on 27 Apr 2026, low ₹242.30 on 23 Oct 2026 (adjusted for bonuses and splits).
What is the dividend yield of POWERGRID?
4.58%: dividends of ₹12.00 per share with ex-dates in the last 12 months, divided by the latest price.
What return has POWERGRID given?
1 year −6.1%, 3 years +28.2%, 5 years +88.8% (price only, dividends not included).
Which sector is POWERGRID in?
NSE classifies Power Grid Corporation of India Ltd. under Power. Other Nifty 50 companies in it: NTPC.
Who owns POWERGRID?
On 30 Sep 2026, promoters held 51.34% and the public 48.66%.
How can I buy POWERGRID shares?
Through a SEBI-registered stockbroker with a demat and trading account. stockER is an information site only: it doesn't sell shares or recommend buying or selling any of them.