Financials Power Grid Corporation of India Limited

Equities

POWERGRID

INE752E01010

Electric Utilities

Market Closed - NSE India S.E. 05:12:31 30/04/2024 pm IST 5-day change 1st Jan Change
301.8 INR +2.77% Intraday chart for Power Grid Corporation of India Limited +6.42% +27.26%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,35,332 8,32,346 11,28,192 15,12,278 15,74,360 28,07,387 - -
Enterprise Value (EV) 1 23,45,406 21,62,612 23,84,258 28,29,220 27,92,964 39,19,373 38,46,687 37,50,311
P/E ratio 10.4 x 7.7 x 9.45 x 8.85 x 10.3 x 18.3 x 17 x 16 x
Yield 4.21% 6.29% 5.56% 6.8% 6.54% 3.77% 3.82% 3.96%
Capitalization / Revenue 3.03 x 2.3 x 3 x 3.79 x 3.63 x 6.17 x 5.88 x 5.66 x
EV / Revenue 6.87 x 5.98 x 6.33 x 7.09 x 6.44 x 8.61 x 8.05 x 7.56 x
EV / EBITDA 8.01 x 6.89 x 7.21 x 8.1 x 7.49 x 10 x 9.38 x 8.81 x
EV / FCF 63.6 x 10 x 11.3 x 13.5 x 8.67 x 19 x 18.4 x 17.8 x
FCF Yield 1.57% 9.95% 8.87% 7.42% 11.5% 5.27% 5.44% 5.62%
Price to Book 1.75 x 1.29 x 1.62 x 1.99 x 1.9 x 3.16 x 2.94 x 2.73 x
Nbr of stocks (in thousands) 93,00,604 93,00,604 93,00,604 93,00,604 93,00,604 93,00,604 - -
Reference price 2 111.3 89.49 121.3 162.6 169.3 301.8 301.8 301.8
Announcement Date 29/05/19 20/06/20 17/06/21 21/05/22 19/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,41,191 3,61,855 3,76,656 3,99,281 4,33,430 4,55,026 4,77,638 4,96,209
EBITDA 1 2,92,821 3,14,017 3,30,559 3,49,217 3,72,738 3,90,072 4,10,298 4,25,521
EBIT 1 1,90,814 2,03,285 2,13,443 2,23,711 2,43,339 2,52,302 2,62,939 2,72,074
Operating Margin 55.93% 56.18% 56.67% 56.03% 56.14% 55.45% 55.05% 54.83%
Earnings before Tax (EBT) 1 1,14,890 1,26,474 1,46,261 2,03,275 1,72,147 1,89,676 2,04,316 2,18,471
Net income 1 99,386 1,08,112 1,19,358 1,70,938 1,53,330 1,54,853 1,66,749 1,78,191
Net margin 29.13% 29.88% 31.69% 42.81% 35.38% 34.03% 34.91% 35.91%
EPS 2 10.69 11.63 12.83 18.38 16.48 16.52 17.73 18.91
Free Cash Flow 1 36,869 2,15,240 2,11,432 2,09,949 3,22,037 2,06,737 2,09,435 2,10,706
FCF margin 10.81% 59.48% 56.13% 52.58% 74.3% 45.43% 43.85% 42.46%
FCF Conversion (EBITDA) 12.59% 68.54% 63.96% 60.12% 86.4% 53% 51.04% 49.52%
FCF Conversion (Net income) 37.1% 199.09% 177.14% 122.82% 210.03% 133.51% 125.6% 118.25%
Dividend per Share 2 4.686 5.625 6.750 11.06 11.06 11.39 11.54 11.96
Announcement Date 29/05/19 20/06/20 17/06/21 21/05/22 19/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4
Net sales 1 96,766 99,425 97,766 99,292 1,97,059 1,00,010 1,02,212 1,04,461 1,06,557 2,11,018 1,07,464 1,14,949 1,10,822 1,13,923 2,20,940 1,16,962 1,29,389
EBITDA 1 84,605 87,472 85,724 87,851 1,73,575 86,883 88,759 88,017 89,582 1,77,599 93,795 1,01,345 90,995 94,981 1,82,120 1,00,470 1,10,210
EBIT 58,473 57,219 60,612 56,417 - 54,954 56,884 55,991 57,389 - - - - - - - -
Operating Margin 60.43% 57.55% 62% 56.82% - 54.95% 55.65% 53.6% 53.86% - - - - - - - -
Earnings before Tax (EBT) 1 39,515 45,086 69,264 42,254 - 42,792 48,964 41,882 40,678 - 37,648 - 44,552 44,820 - 46,803 50,239
Net income 1 33,238 35,156 60,854 33,383 - 33,494 43,206 37,659 36,510 74,169 37,017 42,144 35,426 35,936 36,512 39,193 43,196
Net margin 34.35% 35.36% 62.24% 33.62% - 33.49% 42.27% 36.05% 34.26% 35.15% 34.45% 36.66% 31.97% 31.54% 16.53% 33.51% 33.38%
EPS 2 3.572 3.780 6.540 3.592 - 3.600 4.650 3.960 3.968 - 3.728 4.530 4.178 3.700 - 4.200 4.600
Dividend per Share - 1.688 - - - - - - - - - - - - - - -
Announcement Date 11/02/21 17/06/21 10/08/21 09/11/21 09/11/21 09/02/22 21/05/22 08/08/22 05/11/22 05/11/22 31/01/23 19/05/23 31/07/23 - 07/11/23 - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,10,075 13,30,266 12,56,065 13,16,942 12,18,605 11,11,986 10,39,300 9,42,924
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.474 x 4.236 x 3.8 x 3.771 x 3.269 x 2.851 x 2.533 x 2.216 x
Free Cash Flow 1 36,869 2,15,240 2,11,432 2,09,949 3,22,037 2,06,737 2,09,435 2,10,707
ROE (net income / shareholders' equity) 17.5% 17.5% 17.8% 23.5% 19.2% 17.5% 17.6% 17.6%
ROA (Net income/ Total Assets) 4.23% 4.31% 4.68% 6.81% 6.21% 7.8% 7.9% 8%
Assets 1 23,51,768 25,10,142 25,49,405 25,10,834 24,70,876 19,85,300 21,10,747 22,27,391
Book Value Per Share 2 63.50 69.30 74.80 81.90 89.00 95.50 103.0 110.0
Cash Flow per Share 2 24.90 31.80 29.60 26.50 37.90 33.80 54.40 59.60
Capex 1 1,94,620 80,061 63,892 36,453 30,645 80,238 1,17,057 1,58,273
Capex / Sales 57.04% 22.13% 16.96% 9.13% 7.07% 17.63% 24.51% 31.9%
Announcement Date 29/05/19 20/06/20 17/06/21 21/05/22 19/05/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
  1. Stock Market
  2. Equities
  3. POWERGRID Stock
  4. Financials Power Grid Corporation of India Limited