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: 89,695 Cr.
  • Current Price: 171.55
  • 52 weeks High / Low 216.25 / 122.15
  • Book Value: 123.66
  • Stock P/E: 8.11
  • Dividend Yield: 3.47 %
  • ROCE: 10.44 %
  • ROE: 22.16 %
  • Sales Growth (3Yrs): 19.29 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is providing a good dividend yield of 3.47%.
Company has good consistent profit growth of 22.38% over 5 years
Company has been maintaining a healthy dividend payout of 35.82%
Cons:
Promoter holding has decreased by -3.62% over last quarter
Company might be capitalizing the interest cost

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
8,250 8,538 8,736 9,535 9,180 9,051 9,364 10,148
1,195 1,313 898 6,858 917 1,130 1,117 1,645
Operating Profit 7,055 7,225 7,838 2,678 8,262 7,921 8,247 8,503
OPM % 86% 85% 90% 28% 90% 88% 88% 84%
Other Income 1,208 1,354 889 179 211 608 569 1,383
Interest 2,030 2,227 2,180 2,299 2,289 2,299 2,387 2,535
Depreciation 2,497 2,633 2,695 2,716 2,783 2,875 2,931 3,019
Profit before tax 3,736 3,719 3,851 -2,158 3,402 3,356 3,498 4,333
Tax % 39% 37% 39% 242% 26% 23% 24% 24%
Net Profit 2,278 2,348 2,346 3,061 2,503 2,571 2,672 3,313
EPS in Rs 4.35 4.49 4.49 5.85 4.78 4.92 5.11 6.33
Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
8,612 10,323 13,081 15,555 17,540 20,652 25,697 29,954 35,059 37,744
1,661 1,898 2,244 2,588 2,620 2,470 3,248 4,003 5,172 4,810
Operating Profit 6,950 8,425 10,837 12,967 14,920 18,182 22,450 25,950 29,887 32,934
OPM % 81% 82% 83% 83% 85% 88% 87% 87% 85% 87%
Other Income 817 888 966 725 738 657 933 4,076 -1,463 2,772
Interest 1,666 1,986 2,599 3,254 4,081 5,086 6,204 7,324 8,737 9,509
Depreciation 2,273 2,637 3,428 4,079 5,173 6,182 7,722 9,231 10,541 11,607
Profit before tax 3,829 4,690 5,776 6,359 6,404 7,572 9,457 13,471 9,147 14,590
Tax % 30% 30% 25% 28% 21% 21% 21% 39% -10%
Net Profit 2,672 3,303 4,313 4,548 5,046 5,959 7,451 8,204 10,034 11,059
EPS in Rs 5.47 6.78 8.84 8.23 9.21 10.94 14.24 15.68 19.18 21.14
Dividend Payout % 30% 30% 31% 30% 21% 20% 31% 33% 43%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:17.65%
3 Years:19.29%
TTM:7.66%
Compounded Profit Growth
10 Years:%
5 Years:22.38%
3 Years:28.25%
TTM:10.22%
Stock Price CAGR
10 Years:5.45%
5 Years:4.35%
3 Years:-6.72%
1 Year:-16.44%
Return on Equity
10 Years:%
5 Years:15.41%
3 Years:16.02%
Last Year:22.16%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4,630 4,630 4,630 5,232 5,232 5,232 5,232 5,232 5,232 5,232
Reserves 16,788 18,953 21,773 29,466 33,207 38,738 44,634 49,194 53,857 59,464
Borrowings 41,612 54,355 69,233 84,220 96,243 108,545 118,988 131,503 146,376 138,421
14,632 14,194 17,748 22,562 26,102 26,797 26,809 39,425 41,916 53,537
Total Liabilities 77,662 92,133 113,384 141,480 160,784 179,312 195,662 225,354 247,380 256,653
38,040 48,415 62,568 74,252 91,191 115,094 137,678 156,198 172,740 181,385
CWIP 24,076 28,886 35,265 50,069 53,681 45,611 38,264 37,669 37,631 34,904
Investments 952 774 586 423 220 919 1,165 1,224 1,296 1,431
14,595 14,058 14,964 16,736 15,693 17,688 18,555 30,264 35,713 38,933
Total Assets 77,662 92,133 113,384 141,480 160,784 179,312 195,662 225,354 247,380 256,653

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
4,895 8,582 11,690 15,223 15,800 15,008 21,575 22,710 23,381
-13,344 -18,495 -22,084 -26,639 -24,185 -21,576 -23,836 -25,701 -18,837
7,948 8,218 9,962 13,712 6,399 5,621 3,959 1,285 -2,431
Net Cash Flow -501 -1,695 -432 2,295 -1,986 -948 1,698 -1,707 2,113

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 9% 10% 9% 8% 9% 10% 10% 10%
Debtor Days 51 54 42 38 46 48 44 44 49
Inventory Turnover 0.20 0.22 0.20 0.24 0.22 0.28 0.24 0.23

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
57.90 57.90 56.91 56.91 56.27 56.34 56.34 55.37 55.37 55.37 54.96 51.34
25.79 25.80 24.52 21.31 23.16 23.71 24.09 25.51 28.03 27.84 27.36 27.02
9.53 9.66 11.92 15.77 15.57 15.30 15.19 14.58 12.12 12.42 13.20 16.65
6.79 6.64 6.65 6.01 5.00 4.65 4.38 4.55 4.48 4.37 4.47 4.99