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Power Grid Corporation of India Limited POWERGRID.NS

IN · National Stock Exchange of India · XNSE · stock · Utilities · website

Power Grid Corporation of India Limited statistics & valuation

Market cap₹2.47T
P / E15.5×
P / S5.5×
P / B2.5×
P / FCF67.8×
Net margin35.6%
FCF margin8.2%
Net debt₹1.47T
Enterprise value USD$41.5B
Earnings yield EBIT/EV6.5%
Return on capital10.6%
Graham number -23.3%₹204.07

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹204.07); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
35.00% 35.20% 35.20% 35.60% 2023202420252026
Gross margin (%)
97.00% 96.60% 96.30% 96.10% 2023202420252026
Operating margin (%)
58.00% 60.60% 58.50% 57.00% 2023202420252026
Return on equity (%)
18.60% 17.90% 16.80% 15.80% 2023202420252026
Shares outstanding
9.30B 9.30B 9.30B 9.30B 2023202420252026
Net debt (₹)
₹1.24T ₹1.24T ₹1.31T ₹1.47T 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
6.10% 6.20% 5.80% 5.40% 2023202420252026
Free cash flow margin (%)
72.60% 58.50% 27.40% 8.20% 2023202420252026
Debt / equity (×)
1.55× 1.46× 1.45× 1.51× 2023202420252026
EPS (₹)
₹16.58 ₹16.74 ₹16.69 ₹17.13 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Power Grid Corporation of India Limited trades at about 15.5× earnings — below its 10-year norm (10-year range 10.7×–18.6×, median 18.4×).

10.7× 18.6×

Shaded band = 10-year range (10.7×–18.6×); dot = today's 15.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin96.1%96.3%96.6%97.0%
Operating margin57.0%58.5%60.6%58.0%
Net margin35.6%35.2%35.2%35.0%
FCF margin8.2%27.4%58.5%72.6%
Return on assets5.4%5.8%6.2%6.1%
Return on equity15.8%16.8%17.9%18.6%
Debt / equity1.24×1.19×1.25×1.37×
Current ratio0.620.730.740.82

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.