| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
532898 Stock Overview
Power Grid Corporation of India Limited, a central transmission utility, engages in the transmission of power in India.
Power Grid Corporation of India Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹211.60 |
| 52 Week High | ₹248.25 |
| 52 Week Low | ₹167.00 |
| Beta | 0.23 |
| 1 Month Change | -5.89% |
| 3 Month Change | 0.19% |
| 1 Year Change | 21.71% |
| 3 Year Change | 36.26% |
| 5 Year Change | 33.55% |
| Change since IPO | 180.31% |
Recent News & Updates
Shareholder Returns
| 532898 | IN Electric Utilities | IN Market | |
|---|---|---|---|
| 7D | 1.6% | 2.2% | 2.3% |
| 1Y | 21.7% | 45.3% | -0.9% |
Return vs Industry: 532898 underperformed the Indian Electric Utilities industry which returned 45.3% over the past year.
Return vs Market: 532898 exceeded the Indian Market which returned -0.9% over the past year.
Price Volatility
| 532898 volatility | |
|---|---|
| 532898 Average Weekly Movement | 3.8% |
| Electric Utilities Industry Average Movement | 5.0% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in IN Market | 9.9% |
| 10% least volatile stocks in IN Market | 4.5% |
Stable Share Price: 532898 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 532898's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | 8,766 | Kandikuppa Sreekant | https://www.powergrid.in |
Power Grid Corporation of India Limited, a central transmission utility, engages in the transmission of power in India. As of October 31, 2020, it owned and operated 1,68,140 circuit kms of transmission lines, as well as 220 EHV substations with transformation capacity of 4,19,815 MVA. The company also provides consultancy services, including power system planning and techno-economic feasibility studies; environmental and social impact assessment; design and engineering; procurement assistance; project management and construction supervision; asset management; and other services, such as owners’ and lenders’ engineer service; grid code preparation; tariff mechanisms preparation; legal and technical advisory; and market analysis advisory services.
Power Grid Corporation of India Fundamentals Summary
| 532898 fundamental statistics | |
|---|---|
| Market Cap | ₹1.46t |
| Earnings (TTM) | ₹168.24b |
| Revenue (TTM) | ₹416.16b |
8.8x
P/E Ratio3.5x
P/S RatioIs 532898 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 532898 income statement (TTM) | |
|---|---|
| Revenue | ₹416.16b |
| Cost of Revenue | ₹0 |
| Gross Profit | ₹416.16b |
| Other Expenses | ₹247.92b |
| Earnings | ₹168.24b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 24.12 |
| Gross Margin | 100.00% |
| Net Profit Margin | 40.43% |
| Debt/Equity Ratio | 181.2% |
How did 532898 perform over the long term?
See historical performance and comparisonDividends
5.6%
Current Dividend Yield49%
Payout RatioValuation
Is 532898 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 532898?
Other financial metrics that can be useful for relative valuation.
| What is 532898's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | ₹1.46t |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 6.7x |
| Enterprise Value/EBITDA | 7.4x |
| PEG Ratio | -1.8x |
Price to Earnings Ratio vs Peers
How does 532898's PE Ratio compare to its peers?
| 532898 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 71.4x | ||
539254 Adani Transmission | 198.4x | 9.3% | ₹2.4t |
500400 Tata Power | 30.5x | 17.0% | ₹664.2b |
TORNTPOWER Torrent Power | 49.7x | 30.6% | ₹222.3b |
CESC CESC | 6.9x | 10.0% | ₹93.2b |
532898 Power Grid Corporation of India | 8.8x | -4.9% | ₹1.5t |
Price-To-Earnings vs Peers: 532898 is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (71.4x).
Price to Earnings Ratio vs Industry
How does 532898's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?
Price-To-Earnings vs Industry: 532898 is good value based on its Price-To-Earnings Ratio (8.8x) compared to the Indian Electric Utilities industry average (27.8x)
Price to Earnings Ratio vs Fair Ratio
What is 532898's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 8.8x |
| Fair PE Ratio | 13.6x |
Price-To-Earnings vs Fair Ratio: 532898 is good value based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).
Share Price vs Fair Value
What is the Fair Price of 532898 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 532898 (₹211.6) is trading below our estimate of fair value (₹558.39)
Significantly Below Fair Value: 532898 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 532898's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is Power Grid Corporation of India forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-4.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 532898's earnings are forecast to decline over the next 3 years (-4.9% per year).
Earnings vs Market: 532898's earnings are forecast to decline over the next 3 years (-4.9% per year).
High Growth Earnings: 532898's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 532898's revenue (3.8% per year) is forecast to grow slower than the Indian market (11.5% per year).
High Growth Revenue: 532898's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 532898's Return on Equity is forecast to be low in 3 years time (17.7%).
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Past Performance
How has Power Grid Corporation of India performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 532898 has high quality earnings.
Growing Profit Margin: 532898's current net profit margins (40.4%) are higher than last year (30.4%).
Past Earnings Growth Analysis
Earnings Trend: 532898's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: 532898's earnings growth over the past year (39.8%) exceeds its 5-year average (16.2% per year).
Earnings vs Industry: 532898 earnings growth over the past year (39.8%) exceeded the Electric Utilities industry 3.3%.
Return on Equity
High ROE: Whilst 532898's Return on Equity (22.07%) is high, this metric is skewed due to their high level of debt.
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Financial Health
How is Power Grid Corporation of India's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 532898's short term assets (₹223.8B) do not cover its short term liabilities (₹448.3B).
Long Term Liabilities: 532898's short term assets (₹223.8B) do not cover its long term liabilities (₹1,298.7B).
Debt to Equity History and Analysis
Debt Level: 532898's net debt to equity ratio (174.6%) is considered high.
Reducing Debt: 532898's debt to equity ratio has reduced from 238.6% to 181.2% over the past 5 years.
Debt Coverage: 532898's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: 532898's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
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Dividend
What is Power Grid Corporation of India current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.55%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 532898's dividend (5.55%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).
High Dividend: 532898's dividend (5.55%) is in the top 25% of dividend payers in the Indian market (1.89%)
Stability and Growth of Payments
Stable Dividend: 532898's dividend payments have been volatile in the past 10 years.
Growing Dividend: 532898's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.7%), 532898's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (45.1%), 532898's dividend payments are well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Kandikuppa Sreekant (58 yo)
2.83yrs
Tenure
₹6,539,656
Compensation
Shri. Kandikuppa Sreekant serves as Chairman and Managing Director of Power Grid Corporation of India Limited since August 5, 2019 & has been it's Director of operations since June 1 2022 . He serves as Ch...
CEO Compensation Analysis
Compensation vs Market: Kandikuppa's total compensation ($USD83.55K) is below average for companies of similar size in the Indian market ($USD1.25M).
Compensation vs Earnings: Kandikuppa's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 532898's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: 532898's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Power Grid Corporation of India Limited's employee growth, exchange listings and data sources
Key Information
- Name: Power Grid Corporation of India Limited
- Ticker: 532898
- Exchange: BSE
- Founded: 1989
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: ₹1.458t
- Shares outstanding: 6.98b
- Website: https://www.powergrid.in
Number of Employees
Location
- Power Grid Corporation of India Limited
- Saudamini, Plot No. 2
- Sector-29
- Gurugram
- Haryana
- 122001
- India
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/27 00:00 |
| End of Day Share Price | 2022/06/27 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2022/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.