Power Grid Corporation of India Limited

BSE:532898 Stock Report

Market Cap: ₹2.9t

Power Grid Corporation of India Valuation

Is 532898 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (₹315.75) is trading above our estimate of fair value (₹134.34)

Significantly Below Fair Value: 532898 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532898?

Key metric: As 532898 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 532898. This is calculated by dividing 532898's market cap by their current earnings.
What is 532898's PE Ratio?
PE Ratio18.7x
Earnings₹157.12b
Market Cap₹2.94t

Price to Earnings Ratio vs Peers

How does 532898's PE Ratio compare to its peers?

The above table shows the PE ratio for 532898 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average70.7x
500400 Tata Power
34.2x14.2%₹1.3t
ADANIENSOL Adani Energy Solutions
171.6x51.3%₹922.0b
TORNTPOWER Torrent Power
33.2x13.4%₹745.4b
SJVN SJVN
43.9x20.4%₹438.3b
532898 Power Grid Corporation of India
18.7x7.1%₹2.9t

Price-To-Earnings vs Peers: 532898 is good value based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (70.7x).

Price to Earnings Ratio vs Industry

How does 532898's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
532898 18.7xIndustry Avg. 17.7xNo. of Companies14PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 532898 is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the Asian Electric Utilities industry average (17.7x).

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.

532898 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.7x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: 532898 is good value based on its Price-To-Earnings Ratio (18.7x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 532898 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹315.75
₹340.27
+7.8%
15.8%₹426.00₹232.00n/a22
Dec ’25₹329.60
₹339.68
+3.1%
15.8%₹426.00₹232.00n/a22
Nov ’25₹321.90
₹331.57
+3.0%
17.5%₹425.00₹219.00n/a21
Oct ’25₹350.85
₹330.41
-5.8%
17.7%₹425.00₹217.00n/a22
Sep ’25₹337.40
₹322.76
-4.3%
17.3%₹400.00₹217.00n/a21
Aug ’25₹361.25
₹323.50
-10.4%
17.0%₹400.00₹217.00n/a22
Jul ’25₹329.55
₹306.64
-7.0%
15.5%₹370.00₹215.00n/a22
Jun ’25₹309.90
₹298.38
-3.7%
17.8%₹370.00₹180.00n/a21
May ’25₹301.65
₹276.45
-8.4%
16.6%₹355.00₹180.00n/a20
Apr ’25₹280.00
₹268.75
-4.0%
16.7%₹320.00₹180.00n/a20
Mar ’25₹287.65
₹268.25
-6.7%
16.7%₹320.00₹180.00n/a20
Feb ’25₹265.80
₹233.00
-12.3%
10.9%₹272.00₹180.00n/a19
Jan ’25₹237.75
₹221.89
-6.7%
9.6%₹260.00₹180.00n/a19
Dec ’24₹210.35
₹217.67
+3.5%
10.1%₹251.00₹177.00₹329.6018
Nov ’24₹200.95
₹204.80
+1.9%
8.2%₹250.00₹177.00₹321.9019
Oct ’24₹199.85
₹201.93
+1.0%
6.4%₹226.00₹177.00₹350.8519
Sep ’24₹189.08
₹195.98
+3.6%
7.9%₹225.00₹157.50₹337.4020
Aug ’24₹188.81
₹191.14
+1.2%
6.6%₹216.00₹157.50₹361.2521
Jul ’24₹191.33
₹189.45
-1.0%
6.6%₹216.00₹157.50₹329.5520
Jun ’24₹174.68
₹188.51
+7.9%
6.2%₹216.00₹157.50₹309.9020
May ’24₹177.60
₹183.49
+3.3%
6.9%₹206.25₹157.50₹301.6520
Apr ’24₹169.28
₹184.76
+9.1%
6.6%₹206.25₹157.50₹280.0020
Mar ’24₹164.14
₹184.71
+12.5%
6.5%₹206.25₹157.50₹287.6521
Feb ’24₹162.45
₹185.00
+13.9%
6.5%₹206.25₹157.50₹265.8021
Jan ’24₹160.39
₹184.39
+15.0%
6.8%₹206.25₹157.50₹237.7520
Dec ’23₹166.43
₹183.45
+10.2%
7.3%₹206.25₹150.00₹210.3520

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 11:17
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Power Grid Corporation of India Limited is covered by 54 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
Rahul DholamAngel Broking Private Limited
null nullAntique Stockbroking Ltd.