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 ₹ 8,731 Cr.
- Current Price ₹ 96.0
- High / Low ₹ 98.5 / 85.5
- Stock P/E 9.57
- Book Value ₹ 82.9
- Dividend Yield 12.5 %
- ROCE 11.6 %
- ROE 11.9 %
- Face Value ₹ 100
Pros
- Stock is trading at 1.15 times its book value
- Company has been maintaining a healthy dividend payout of 110%
Cons
- Promoter holding is low: 15.0%
- Tax rate seems low
- Company has a low return on equity of 13.2% 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 | Mar 2026 | |
|---|---|---|---|---|---|
| 1,217 | 1,286 | 1,265 | 1,266 | 1,258 | |
| 446 | 1,599 | -161 | -419 | -35 | |
| Operating Profit | 771 | -313 | 1,427 | 1,686 | 1,293 |
| OPM % | 63% | -24% | 113% | 133% | 103% |
| 26 | 30 | 31 | 39 | 39 | |
| Interest | 0 | 41 | 47 | 56 | 74 |
| Depreciation | 270 | 315 | 315 | 317 | 317 |
| Profit before tax | 528 | -640 | 1,095 | 1,352 | 940 |
| Tax % | 12% | -30% | 10% | 13% | 3% |
| 463 | -446 | 982 | 1,172 | 912 | |
| EPS in Rs | 5.57 | -2.14 | 10.18 | 12.92 | 10.02 |
| Dividend Payout % | 189% | -700% | 118% | 93% | 120% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 88% |
| TTM: | -23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | -7% |
| 1 Year: | 5% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 13% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 9,100 | 9,100 | 9,100 | 9,100 | 9,100 |
| Reserves | -106 | -1,394 | -1,559 | -1,379 | -1,559 |
| 575 | 572 | 569 | 1,072 | 1,064 | |
| 2,286 | 1,765 | 1,872 | 1,394 | 1,403 | |
| Total Liabilities | 11,854 | 10,043 | 9,983 | 10,187 | 10,008 |
| 10,892 | 9,074 | 9,042 | 9,235 | 9,047 | |
| CWIP | 4 | 15 | 7 | 10 | 16 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 958 | 955 | 933 | 942 | 944 | |
| Total Assets | 11,854 | 10,043 | 9,983 | 10,187 | 10,008 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 1,164 | 1,181 | 1,230 | 1,215 | 1,176 | |
| -629 | -154 | 10 | -531 | 13 | |
| -224 | -1,195 | -1,182 | -674 | -1,174 | |
| Net Cash Flow | 311 | -168 | 58 | 9 | 15 |
| Free Cash Flow | 855 | 1,163 | 1,206 | 1,211 | 1,162 |
| CFO/OP | 152% | -389% | 86% | 72% | 93% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 100 | 93 | 78 | 59 | 54 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 100 | 93 | 78 | 59 | 54 |
| Working Capital Days | 107 | 99 | 85 | 67 | 61 |
| ROCE % | -6% | 13% | 16% | 12% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Distribution per Unit (DPU) INR/unit |
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| Average Transmission Availability (Portfolio) % |
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| Average TSA Residual Life (Weighted) years |
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| Number of Unitholders count |
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| Transformation Capacity MVA |
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| Transmission Line Length ckm |
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Extracted by Screener AI
Documents
Announcements
- Reg 23(5)(i): Disclosure of material issue 2m
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Reg 23(5)(i): Disclosure of material issue
18h - MoP appointed Smt. Anita Soren as Independent Director on PUTL board for three years.
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Reg 23(5)(g): Notice of Unitholder meetings
19h - PGInvIT Fifth Annual Meeting on July 28, 2026 to adopt FY26 financials and valuation report.
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Reg 23(5)(i): Disclosure of material issue
30 Jun - PGInvIT submitted its Annual Report for FY 2025-26, including financials, operations, and governance disclosures.
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Reg 23(5)(i): Disclosure of material issue
25 Jun - Trading window closes from June 30, 2026 until 48 hours after Q1 FY27 results.
Annual reports
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025TranscriptPPTREC
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Mar 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptPPT REC
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Oct 2024TranscriptPPT
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Jul 2024TranscriptAI SummaryPPT
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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 2023TranscriptPPT REC
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May 2023TranscriptPPT REC
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Jan 2023TranscriptPPT REC
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Nov 2022TranscriptPPT REC
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Jul 2022TranscriptPPT REC
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May 2022TranscriptPPT REC
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Jan 2022TranscriptPPT REC
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Nov 2021TranscriptPPT 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]