Powergrid Infrastructure Investment Trust
Powergrid InvIT (Infrastructure Investment Trust) owns, constructs, operates, maintains, and invests in power transmission assets in India. Powergrid InvIT registered with SEBI as an InvIT on January 7, 2021.[1]
- Market Cap ₹ 8,802 Cr.
- Current Price ₹ 96.8
- High / Low ₹ 97.9 / 75.0
- Stock P/E 7.50
- Book Value ₹ 84.8
- Dividend Yield 3.10 %
- ROCE 16.0 %
- ROE 15.4 %
- Face Value ₹ 100
Pros
- Stock is trading at 1.14 times its book value
Cons
- Promoter holding is low: 15.0%
- Tax rate seems low
- Company has a low return on equity of 8.10% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 1,217 | 1,286 | 1,265 | 1,266 | 1,264 | |
| 446 | 1,599 | -161 | -419 | -420 | |
| Operating Profit | 771 | -313 | 1,427 | 1,686 | 1,685 |
| OPM % | 63% | -24% | 113% | 133% | 133% |
| 26 | 30 | 31 | 39 | 39 | |
| Interest | 0 | 41 | 47 | 56 | 64 |
| Depreciation | 270 | 315 | 315 | 317 | 317 |
| Profit before tax | 528 | -640 | 1,095 | 1,352 | 1,343 |
| Tax % | 12% | -30% | 10% | 13% | |
| 463 | -446 | 982 | 1,172 | 1,162 | |
| EPS in Rs | 5.57 | -2.14 | 10.18 | 12.92 | 12.90 |
| Dividend Payout % | 189% | -700% | 118% | 93% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -11% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 9,100 | 9,100 | 9,100 | 9,100 |
| Reserves | -106 | -1,394 | -1,559 | -1,379 |
| 575 | 572 | 569 | 1,072 | |
| 2,286 | 1,765 | 1,872 | 1,394 | |
| Total Liabilities | 11,854 | 10,043 | 9,983 | 10,187 |
| 10,892 | 9,074 | 9,042 | 9,235 | |
| CWIP | 4 | 15 | 7 | 10 |
| Investments | 0 | 0 | 0 | 0 |
| 958 | 955 | 933 | 942 | |
| Total Assets | 11,854 | 10,043 | 9,983 | 10,187 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1,164 | 1,181 | 1,230 | 1,215 | |
| -629 | -154 | 10 | -531 | |
| -224 | -1,195 | -1,182 | -674 | |
| Net Cash Flow | 311 | -168 | 58 | 9 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 100 | 93 | 78 | 64 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 100 | 93 | 78 | 64 |
| Working Capital Days | 107 | 99 | 85 | 72 |
| ROCE % | -6% | 13% | 16% |
Documents
Announcements
-
Reg 18(6): Disclosure of record date for purpose of distribution
8h - Board meeting Nov 4 to approve Sep‑30 quarter results and possible distribution; record date Nov 10.
-
Reg 23(5)(i): Disclosure of material issue
8h - Board meeting Nov 4 to approve Q2/half-year results and consider distribution; record date Nov 10, 2025.
-
Investor Complaints
9 Oct - Investor complaints statement for quarter ended September 30, 2025 for POWERGRID InvIT.
-
Unit Holding Pattern
9 Oct - Unitholding pattern of POWERGRID InvIT for quarter ended 30 Sep 2025 filed Oct 9, 2025.
-
Reg 23(5)(i): Disclosure of material issue
23 Sep - Trading window closed from September 30, 2025 until 48 hours after results declaration.
Annual reports
Concalls
-
Aug 2025Transcript PPT REC
-
May 2025TranscriptPPTREC
-
Mar 2025TranscriptNotesPPT
-
Nov 2024TranscriptNotesPPT REC
-
Oct 2024TranscriptPPT
-
Jul 2024TranscriptNotesPPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT REC
-
Nov 2023Transcript PPT REC
-
Aug 2023TranscriptNotesPPT REC
-
May 2023TranscriptNotesPPT REC
-
Jan 2023TranscriptNotesPPT REC
-
Nov 2022TranscriptNotesPPT REC
-
Jul 2022TranscriptNotesPPT REC
-
May 2022TranscriptNotesPPT REC
-
Jan 2022TranscriptNotesPPT REC
-
Nov 2021TranscriptNotesPPT REC
India’s 1st PSU InvIT
It is sponsored by Power Grid Corporation India Ltd and is also responsible for managing the InvIT, providing the initial portfolio assets, and undertaking investment decisions related to its assets. [1]
IDBI Trusteeship Services Limited is the debenture trustee, responsible for ensuring the necessary compliance with InvIT Regulations and monitoring the activities of the Investment Manager and Project Manager. [2]