Power Grid Corporation of India financials

·Energy & PowerChart ›
Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹11,497cr+2.7% on Q1 FY26
Net profit
₹3,598cr−0.9% on Q1 FY26
EBITDA margin
83.0%+1.3 pts on Q1 FY26
EPS
₹3.87−0.8% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue11,49711,196+2.7%
EBITDA9,5369,147+4.3%
EBITDA margin83.0%81.7%+1.3 pts
Profit before tax4,5854,330+5.9%
Net profit3,5983,631−0.9%
EPS₹3.87₹3.90−0.8%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹11,497 crNet profit₹3,598 crNet margin31.3%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
2,33,817————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
5,5325,5323,7974,0725,192
1,48,0091,48,0091,30,9651,23,4491,26,595
3,76,294————
47,03346,73345,79245,84345,581
—+2.1%−0.1%+0.6%—
38,36937,97939,06539,90339,478
81.6%81.3%85.3%87.0%86.6%
25,34124,94926,16126,80826,145
15,89615,92815,52115,57315,417
33.8%34.1%33.9%34.0%33.8%
₹17.09₹17.13₹16.69₹16.74₹16.58
—+2.6%−0.3%+1.0%—
—40,93136,22337,29038,005
—−37,279−24,134−11,404−6,903
3,6513,65112,08925,88631,102
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

POWERGRID₹251.40

Power Grid Corporation of India Ltd.

· Energy & Power
₹ CrorePeersADANIENSOLNTPCADANIGREENTATAPOWERADANIPOWERNHPCJSWENERGYCLEANMAXMcap ₹2.34L Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————2,33,817.1
- Cash, Equiv & ST Investments5,192.24,072.23,796.85,531.85,531.8
+ Total Debt1,26,594.91,23,448.61,30,965.01,48,009.01,48,009.0
Enterprise Value————3,76,294.3
Revenue45,581.345,843.145,792.346,732.947,033.4
Growth %, YoY—+0.6-0.1+2.1—
EBITDA39,478.139,902.939,065.437,979.138,368.8
Margin %86.6187.0485.3181.2781.58
EBIT26,144.826,807.626,161.224,949.425,341.1
Net Income15,417.115,573.215,521.415,928.015,895.8
Margin %33.8233.9733.9034.0833.80
EPS, Adj (current shares)16.5816.7416.6917.1317.09
Growth %, YoY—+1.0-0.3+2.6—
Cash from Operations38,004.737,289.536,223.340,930.6—
Capital Expenditures-6,902.6-11,403.7-24,134.0-37,279.1—
Free Cash Flow31,102.225,885.812,089.33,651.53,651.5
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Power Grid financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Power Grid Corporation of India (NSE: POWERGRID) had a market capitalisation of ₹2,41,816 crore at the 29 October 2026 close (₹260.00 a share), a PE ratio of 15.2 on the last four quarters' profit and a price-to-book ratio of 2.41. In FY26 its consolidated net profit was ₹15,928 crore on revenue of ₹46,733 crore; in Q1 FY27 (April–June 2026) it was ₹3,598 crore, down 0.9% year on year. Its debt-to-equity ratio was 1.47 on 31 March 2026. Promoters held 51.34% of the shares on 30 September 2026.

Share price used
₹260.00 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026
Share price and live chart
₹260.00 · 29 Oct close

Power Grid at a glance · consolidated

Market cap
₹2,41,816 Crat ₹260.00 · 29 Oct close
PE ratio (last 4 quarters)
15.215.2 on FY26 profit
Price to book (PB)
2.41book value ₹108.05 a share
ROE (FY26)
16.5%−0.8 pts vs FY25ROCE 10.6%
Debt to equity
1.47net debt ₹1,38,837 Cr
Promoter holding
51.34%unchanged vs 30 Jun 202630 September 2026
Dividend yield
3.46%₹9 a share in 12 months
Net worth
₹1,00,494 Cr+8.5% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹3,651 Cr−69.8% vs FY25

Questions

What is the Power Grid PE ratio today?

Power Grid's PE ratio is 15.2 at the 29 October 2026 close (₹260.00 a share): a market capitalisation of ₹2,41,816 crore divided by consolidated net profit of ₹15,896 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹15,928 crore) it is 15.2.

Is Power Grid debt free?

No. Power Grid had borrowings of ₹1,48,009 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.47. Its cash and current investments were ₹9,172 crore, so its net debt was ₹1,38,837 crore.

What is the Power Grid book value per share?

Power Grid's book value per share was ₹108.05 on 31 March 2026: shareholders' equity of ₹1,00,494 crore divided by the 930.06 crore shares in issue, up 8.5% from ₹99.63 a year earlier. The share price at the 29 October 2026 close was ₹260.00.

What is the Power Grid PB ratio (price to book value)?

Power Grid's price-to-book (PB) ratio is 2.41 at the 29 October 2026 close: a market capitalisation of ₹2,41,816 crore divided by shareholders' equity (book value) of ₹1,00,494 crore on 31 March 2026. That is a book value of ₹108.05 per share against a share price of ₹260.00.

What is the Power Grid net worth?

Power Grid's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,00,494 crore (₹1.00 lakh crore) on 31 March 2026, up 8.5% from ₹92,663 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,41,816 crore at the 29 October 2026 close.

What is the Power Grid ROE and ROCE?

In FY26, Power Grid's return on equity (ROE) was 16.5% and its return on capital employed (ROCE) was 10.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 17.3% and ROCE 11.8%.

What is the Power Grid market cap?

Power Grid's market capitalisation was ₹2,41,816 crore (₹2.42 lakh crore) at the 29 October 2026 close: 930.06 crore shares at ₹260.00 each.

What is the Power Grid debt to equity ratio?

Power Grid's debt-to-equity ratio was 1.47 on 31 March 2026: borrowings of ₹1,48,009 crore against total equity of ₹1,00,494 crore. A year earlier, on 31 March 2025, it was 1.41.

What is the Power Grid EPS?

Power Grid's basic earnings per share (EPS) were ₹17.13 in FY26, against ₹16.69 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹17.10.

What is the Power Grid dividend yield?

Power Grid's dividend yield is 3.46% at the 29 October 2026 close: dividends of ₹9 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹260.00. They were ₹1.25 on 13 August 2026, ₹3.25 on 9 February 2026 (interim) and ₹4.50 on 10 November 2025 (interim).

What are the Power Grid latest quarterly results?

Power Grid's latest results are for Q1 FY27 (April–June 2026), filed on 5 August 2026: consolidated net profit ₹3,598 crore, down 0.9% from ₹3,631 crore in Q1 FY26; revenue from operations ₹11,497 crore, up 2.7% year on year.

What is the Power Grid revenue and profit in FY26?

In FY26 (April 2025–March 2026), Power Grid's consolidated net profit was ₹15,928 crore, up 2.6% from ₹15,521 crore in FY25, on revenue from operations of ₹46,733 crore (up 2.1%). Over three years, from FY23, net profit was up 3.3%.

What is the Power Grid dividend in 2026 and its record date?

In 2026, Power Grid has declared two dividends totalling ₹4.50 a share: ₹3.25 (interim) with record date 9 February 2026 and ₹1.25 with record date 13 August 2026.

What is the Power Grid promoter holding?

Promoters held 51.34% of Power Grid on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Power Grid free cash flow?

In FY26, Power Grid generated ₹40,931 crore of cash from operations and spent ₹37,279 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹3,651 crore. In FY25 it was ₹12,089 crore.

What is the Power Grid shareholding pattern?

On 30 September 2026, Power Grid's shares were held by promoters 51.34%, foreign portfolio investors (FII/FPI) 24.03%, domestic institutions (DII) 20.91% (including mutual funds at 12.76%) and retail and other non-institutional investors 3.72%. Over the year, FII holding was down 1.64 percentage points from 25.67% and DII holding was up 1.52 percentage points from 19.39%.

How does the Power Grid PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Power Grid's PE ratio is 15.2, the third highest of the four: Adani Energy Solutions 73.1, NTPC 11.1 and Adani Green 130.3, a peer average of 71.5. Each is the company's market capitalisation at that price divided by its FY26 net profit.

Power Grid vs Adani Energy Solutions: how do they compare?

In FY26, Power Grid earned net profit of ₹15,928 crore on revenue of ₹46,733 crore, against ₹2,283 crore on ₹27,588 crore for Adani Energy Solutions. Power Grid's operating margin was 53.4% (Adani Energy Solutions 25.8%) and its return on equity 16.5% (Adani Energy Solutions 9.6%). At the 29 October 2026 close, Power Grid's market capitalisation was ₹2,41,816 crore against ₹1,66,933 crore for Adani Energy Solutions, and its PE ratio on FY26 profit 15.2 against 73.1.

When are the Power Grid next results?

Power Grid will announce its Q2 FY27 results (July–September 2026) on Sunday, 1 November 2026, the date of the board meeting it has notified to the exchanges.

How does Power Grid compare with its peers?

On FY26 consolidated figures, against Adani Energy Solutions, NTPC and Adani Green: Power Grid's operating margin of 53.4% is the second highest of the four (Adani Energy Solutions 25.8%, NTPC 19.0%, Adani Green 57.2%; peer average 34.0%); its return on equity of 16.5% is the highest of the four (Adani Energy Solutions 9.6%, NTPC 14.0%, Adani Green 10.3%; peer average 11.3%); its revenue growth over three years of 0.8% a year is the lowest of the four (Adani Energy Solutions 27.6% a year, NTPC 2.1% a year, Adani Green 18.4% a year; peer average 16.0% a year).

Where do these Power Grid figures come from?

From Power Grid Corporation of India's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.