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 ₹ 7,616 Cr.
- Current Price ₹ 83.8
- High / Low ₹ 100 / 75.0
- Stock P/E 10.6
- Book Value ₹ 82.9
- Dividend Yield 10.8 %
- ROCE 12.9 %
- ROE 12.2 %
- Face Value ₹ 100
Pros
- Company is almost debt free.
- Stock is trading at 1.01 times its book value
Cons
- Promoter holding is low: 15.0%
* 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
Sector: Infrastructure Investment Trusts Industry: Power Generation And Supply
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|
| 1,217 | 1,286 | 1,265 | 1,269 | |
| 446 | 1,599 | -155 | 159 | |
| Operating Profit | 771 | -313 | 1,420 | 1,110 |
| OPM % | 63% | -24% | 112% | 87% |
| 26 | 30 | 37 | 42 | |
| Interest | 0 | 41 | 47 | 46 |
| Depreciation | 270 | 315 | 315 | 317 |
| Profit before tax | 528 | -640 | 1,095 | 789 |
| Tax % | 12% | -30% | 10% | |
| 463 | -446 | 982 | 754 | |
| EPS in Rs | 5.57 | -2.14 | 10.18 | 8.14 |
| Dividend Payout % | 189% | -700% | 29% |
| Compounded Sales Growth | |
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| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -15% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Equity Capital | 9,100 | 9,100 | 9,100 |
| Reserves | -106 | -1,394 | -1,559 |
| 575 | 572 | 569 | |
| 2,286 | 1,765 | 1,872 | |
| Total Liabilities | 11,854 | 10,043 | 9,983 |
| 10,892 | 9,074 | 9,042 | |
| CWIP | 4 | 15 | 7 |
| Investments | 0 | 0 | 0 |
| 958 | 955 | 933 | |
| Total Assets | 11,854 | 10,043 | 9,983 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 1,164 | 1,181 | 1,230 | |
| -629 | -154 | 10 | |
| -224 | -1,195 | -1,182 | |
| Net Cash Flow | 311 | -168 | 58 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 100 | 93 | 78 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 100 | 93 | 78 |
| Working Capital Days | 108 | 100 | 86 |
| ROCE % | -6% | 13% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
1d - Earnings call scheduled May 26, 2025, for Q4 & FY25 financial results of POWERGRID InvIT.
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Reg 18(6): Disclosure of record date for purpose of distribution
1d - Board meeting on May 26 to approve FY25 financials and consider distribution for PGInvIT.
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Reg 23(5)(i): Disclosure of material issue
1d - Board meeting on May 26 to approve FY25 financials and declare distribution; record date May 29.
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Reg 23(5)(i): Disclosure of material issue
1d - Dr. Anupam Arora appointed Independent Director on POWERGRID Unchahar Transmission Ltd board from May 19, 2025.
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Reg 23(5)(i): Disclosure of material issue
16 May - Dr. Anupam Arora appointed Independent Director on POWERGRID Unchahar Transmission Limited board for three years.
Annual reports
Concalls
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Mar 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT REC
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Oct 2024TranscriptPPT
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Jul 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023TranscriptNotesPPT REC
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May 2023TranscriptNotesPPT REC
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Jan 2023TranscriptNotesPPT REC
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Nov 2022TranscriptNotesPPT REC
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Jul 2022TranscriptNotesPPT REC
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May 2022TranscriptNotesPPT REC
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Jan 2022TranscriptNotesPPT REC
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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]