Valuation Power Grid Corporation of India Limited

Equities

POWERGRID

INE752E01010

Electric Utilities

Market Closed - NSE India S.E. Other stock markets 04:35:04 11/02/2026 pm IST			5-day change	1st Jan Change
294.45 ^INR	+0.03%		+1.74%	+11.28%

10/02	Power Grid Corporation of India Limited, Q3 2026 Earnings Call, Feb 02, 2026
09/02	India's Stocks Rise on Monday as Trade Deal Clarity Boosts Investor Appetite	MT

Company Valuation: Power Grid Corporation of India Limited

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	11,28,192	15,12,278	15,74,360	25,75,337	27,00,430	27,37,633	-	-
Change	-	34.04%	4.11%	63.58%	4.86%	1.38%	-	-
Enterprise Value (EV) ¹	23,84,258	28,29,220	27,92,964	37,59,556	39,45,886	41,06,374	42,38,204	44,32,857
Change	-	18.66%	-1.28%	34.61%	4.96%	4.07%	3.21%	4.59%
P/E ratio	9.45x	8.85x	10.3x	16.1x	17.9x	17.2x	15.8x	14.6x
PBR	1.62x	1.99x	1.9x	2.96x	-	2.75x	2.54x	2.33x
PEG	-	0.2x	-1x	3.47x	-2.97x	3.24x	1.78x	1.79x
Capitalization / Revenue	3x	3.79x	3.63x	5.62x	5.83x	5.73x	5.53x	5.32x
EV / Revenue	6.33x	7.09x	6.44x	8.21x	8.52x	8.6x	8.56x	8.62x
EV / EBITDA	7.21x	8.1x	7.49x	10.2x	11.2x	10.1x	10x	10.1x
EV / EBIT	11.2x	12.6x	11.5x	15.5x	17.2x	15.9x	15.6x	15.8x
EV / FCF	11.3x	13.5x	8.67x	12.8x	15.1x	314x	51.2x	99.2x
FCF Yield	8.87%	7.42%	11.5%	7.79%	6.64%	0.32%	1.95%	1.01%
Dividend per Share ²	6.75	11.06	11.06	11.25	9	9.207	9.739	10.01
Rate of return	5.56%	6.8%	6.54%	4.06%	3.1%	3.13%	3.31%	3.4%
EPS ²	12.83	18.38	16.48	17.25	16.21	17.07	18.58	20.1
Distribution rate	52.6%	60.2%	67.1%	65.2%	55.5%	53.9%	52.4%	49.8%
Net sales ¹	3,76,656	3,99,281	4,33,430	4,58,154	4,63,253	4,77,455	4,94,941	5,14,172
EBITDA ¹	3,30,559	3,49,217	3,72,738	3,67,548	3,52,765	4,06,270	4,22,399	4,38,299
EBIT ¹	2,13,443	2,23,711	2,43,339	2,41,966	2,29,243	2,57,517	2,71,498	2,80,963
Net income ¹	1,19,358	1,70,938	1,53,330	1,54,746	1,53,536	1,59,563	1,69,591	1,82,179
Net Debt ¹	12,56,065	13,16,942	12,18,605	11,84,219	12,45,456	13,68,741	15,00,572	16,95,224
Reference price ²	121.30	162.60	169.28	276.90	290.35	294.35	294.35	294.35
Nbr of stocks (in thousands)	93,00,604	93,00,604	93,00,604	93,00,604	93,00,604	93,00,604	-	-
Announcement Date	17/06/21	21/05/22	19/05/23	22/05/24	19/05/25	-	-	-

¹INR in Million²INR

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
POWER GRID CORPORATION OF INDIA LIMITED	17.24x	8.6x	10.11x	3.13%	3.02TCr
GE VERNOVA INC.	54.07x	4.58x	35.54x	0.22%	21TCr
NEXTERA ENERGY	25.86x	9.78x	16.86x	2.49%	19TCr
IBERDROLA, S.A.	20.12x	3.87x	11.13x	3.51%	16TCr
ENEL S.P.A.	14.08x	1.96x	6.79x	5.04%	11TCr
CONSTELLATION ENERGY CORPORATION	29.53x	4.26x	19.92x	0.57%	9.82TCr
SOUTHERN COMPANY	21.71x	5.97x	13.26x	3.25%	9.99TCr
DUKE ENERGY CORPORATION	19.57x	5.73x	11.81x	3.44%	9.62TCr
AMERICAN ELECTRIC POWER COMPANY, INC.	19.64x	5.19x	12.64x	3.09%	6.47TCr
DOMINION ENERGY, INC.	18.38x	6.33x	13.25x	4.19%	5.45TCr
Average	24.02x	5.63x	15.13x	2.89%	11.16TCr
Weighted average by Cap.	27.69x	5.52x	17.50x	2.58%