Power Grid Corporation of India Ltd

Power Grid Corporation of India is principally engaged in planning, implementation, operation and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy services.(Source : 201903 Annual Report Page No: 182)

  • Market Cap: 85,746 Cr.
  • Current Price: 163.90
  • 52 weeks High / Low 211.10 / 122.15
  • Book Value: 123.17
  • Stock P/E: 7.74
  • Dividend Yield: 6.10 %
  • ROCE: 12.55 %
  • ROE: 19.41 %
  • Sales Growth (3Yrs): 12.07 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is providing a good dividend yield of 6.10%.
Company has been maintaining a healthy dividend payout of 41.85%
Cons:
Company might be capitalizing the interest cost
Promoter holding has decreased over last 3 years: -6.56%

Peer comparison Sector: Power Generation & Distribution // Industry: Power Generation And Supply

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
7,253 7,507 7,814 8,131 8,289 8,481 9,218 8,804 8,685 8,992 9,704 8,989
778 871 1,576 1,200 1,311 902 6,850 914 1,128 1,116 1,632 1,112
Operating Profit 6,475 6,636 6,238 6,931 6,978 7,580 2,368 7,890 7,557 7,876 8,072 7,877
OPM % 89% 88% 80% 85% 84% 89% 26% 90% 87% 88% 83% 88%
Other Income 321 278 285 1,345 1,543 1,118 392 424 850 867 1,681 -50
Interest 1,867 1,955 2,006 2,141 2,310 2,275 2,366 2,359 2,376 2,474 2,604 2,279
Depreciation 2,235 2,319 2,406 2,451 2,548 2,605 2,597 2,659 2,748 2,802 2,864 2,797
Profit before tax 2,693 2,640 2,111 3,684 3,663 3,817 -2,203 3,296 3,283 3,467 4,285 2,752
Tax % 21% 23% 5% 39% 37% 39% 239% 26% 23% 23% 26% 28%
Net Profit 2,141 2,041 2,010 2,242 2,311 2,332 3,054 2,428 2,527 2,673 3,183 1,979
EPS in Rs 4.10 3.90 3.84 4.28 4.42 4.46 5.84 4.64 4.83 5.11 6.09 3.78
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
5,690 7,127 8,286 10,051 12,679 15,115 17,177 20,666 25,710 29,765 34,119 36,186 36,370
1,156 1,375 1,503 1,812 2,120 2,456 2,620 2,460 3,227 3,965 7,428 3,139 4,988
Operating Profit 4,534 5,752 6,783 8,239 10,558 12,659 14,558 18,206 22,483 25,800 26,691 33,047 31,382
OPM % 80% 81% 82% 82% 83% 84% 85% 88% 87% 87% 78% 91% 86%
Other Income 431 397 866 874 974 768 796 650 1,054 4,436 1,563 2,171 3,348
Interest 1,642 1,543 1,625 1,943 2,535 3,168 3,979 5,135 6,304 7,591 9,091 9,814 9,733
Depreciation 1,094 1,980 2,199 2,573 3,352 3,996 5,085 6,180 7,663 9,091 10,201 11,073 11,211
Profit before tax 2,229 2,626 3,825 4,598 5,645 6,264 6,289 7,541 9,570 13,554 8,962 14,331 13,787
Tax % 24% 22% 29% 29% 25% 28% 21% 21% 21% 39% -11% 25%
Net Profit 1,691 2,041 2,697 3,255 4,234 4,497 4,979 5,948 7,520 8,245 9,939 10,811 10,362
EPS in Rs 3.81 4.60 5.54 6.69 9.15 8.16 9.12 10.95 14.37 15.76 19.00 20.67 19.81
Dividend Payout % 30% 31% 30% 30% 30% 30% 21% 20% 30% 33% 44% 48%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:17.64%
5 Years:16.07%
3 Years:12.07%
TTM:4.53%
Compounded Profit Growth
10 Years:18.93%
5 Years:19.03%
3 Years:16.99%
TTM:9.48%
Stock Price CAGR
10 Years:4.47%
5 Years:5.50%
3 Years:-7.95%
1 Year:-17.53%
Return on Equity
10 Years:16.15%
5 Years:16.82%
3 Years:17.60%
Last Year:19.41%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4,209 4,209 4,630 4,630 4,630 5,232 5,232 5,232 5,232 5,232 5,232 5,232
Reserves 10,640 11,932 16,737 18,858 21,610 29,228 32,935 38,580 44,576 49,183 53,786 59,208
Borrowings 28,465 34,417 40,883 53,402 68,188 83,170 95,045 108,255 118,698 131,213 146,086 147,980
11,011 13,010 13,472 13,319 16,706 21,960 25,110 26,363 26,192 38,306 41,392 43,148
Total Liabilities 54,326 63,568 75,722 90,209 111,134 139,589 158,321 178,429 194,697 223,933 246,496 255,568
31,128 32,061 37,224 47,662 61,401 73,154 89,686 114,942 135,508 153,610 163,860 169,836
CWIP 13,286 20,422 23,713 28,184 34,824 49,477 52,924 43,795 35,884 30,307 33,578 30,400
Investments 1,593 1,453 1,398 1,284 1,148 999 926 841 1,330 1,608 2,757 3,764
8,319 9,631 13,387 13,078 13,762 15,960 14,784 18,851 21,975 38,408 46,301 51,568
Total Assets 54,326 63,568 75,722 90,209 111,134 139,589 158,321 178,429 194,697 223,933 246,496 255,568

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6,591 6,619 5,565 6,403 11,284 15,399 15,042 16,151 21,251 21,881 23,149 29,530
-9,157 -9,661 -13,128 -15,834 -21,948 -26,518 -23,843 -21,148 -23,434 -22,981 -18,648 -9,666
3,129 3,890 7,966 8,089 9,990 13,874 6,447 5,387 3,871 -612 -2,374 -18,712
Net Cash Flow 563 849 402 -1,343 -675 2,756 -2,355 391 1,688 -1,712 2,127 1,153

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 10% 9% 10% 9% 10% 9% 8% 9% 10% 12% 10% 13%
Debtor Days 88 113 49 54 41 38 45 48 46 45 50 49
Inventory Turnover 0.20 0.20 0.20 0.20 0.21 0.19 0.23 0.35 0.28 0.24 0.23 0.22

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
57.90 56.91 56.91 56.27 56.34 56.34 55.37 55.37 55.37 54.96 51.34 51.34
25.80 24.52 21.31 23.16 23.71 24.09 25.51 28.03 27.84 27.36 27.02 25.32
9.66 11.92 15.77 15.57 15.30 15.19 14.58 12.12 12.42 13.20 16.65 18.32
6.64 6.65 6.01 5.00 4.65 4.38 4.55 4.48 4.37 4.47 4.99 5.02