Power Grid Share: Shares of power company Power Grid Corporation of India Limited (NSE: POWERGRID)reached a record high during trading on Monday.
The company’s shares rose 3.5% to a new 52-week high of Rs 297.05. There is a piece of positive news behind this rise in shares.
The board of the company has approved to raise funds. The company’s board has approved the proposal to raise funds by issuing bonds totaling Rs 1,200 crore.
What Are The Details?
Shares of Power Grid rose 3.53% to a new high of Rs 297.05 on BSE from a previous close of Rs 286.90.
Earlier, Power Grid shares had closed with a rise at Rs 294.60. Let us inform you that its 52-week highest price is 297.05 and its 52-week low is 164.06.
The business’s market capitalization at the BSE was raised to 2.73 lakh crore.
Brokerage company has remained on a ‘buy’ advice on the Power Grid’s shares. Power Grid with a target price of 318 rupees.
December Quarter Results
The company’s profit increased in the December quarter.
The government company told the stock market last month that the net profit of Power Grid Corporation for the third quarter of the current financial year (October-December, 2023)
has increased by 10.5 percent to a record high of Rs 4,028 crore. It was 3,645.3 crore in the very same period last year.
As per the firm, due to the rise in earnings, its profits have also grown.
Total income in the December quarter under review increased to Rs 11,819.70 crore, which was Rs 11,530.22 crore in the same quarter of the last financial year.
About Power Grid Corporation of India
Power Grid Corporation of India Limited is a company in India that deals with the transmission of power.
The company provides consultancy, planning, implementation, maintenance, and operation of Inter-State Transmission Systems and telecom services.
It is a Maharatna PSU and India’s largest electric transmission company. The company has three segments: Consultancy Services, Transmission Services, and Telecom Services.
Consultancy services: consulting in the distribution, telecom, and transmission sectors.
This includes financing, design, load dispatching, engineering, optical-ground wire (OPGW), intrastate transmission networks, operations and maintenance, procurement, and project management.
Transmission Services: Transmit bulk power using extra-high voltage/high voltage networks (EHV/HV).
The company was founded in 1989. The total operating revenue of the company is Rs 43343.05 Crores. Its equity capital is at Rs 6975.45 Crores.
Fundamental Analysis of Power Grid Corporation of India Ltd
| Market Cap | ₹ 2,73,995 Cr. |
| Current Price | ₹ 294.60 |
| 52-wk High | ₹ 297 |
| 52-wk Low | ₹ 164 |
| Stock P/E | 17.4 |
| Book Value | ₹ 93.4 |
| Dividend | 3.75 % |
| ROCE | 13.1 % |
| ROE | 19.6 % |
| Face Value | ₹ 10.0 |
| P/B Value | 3.15 |
| OPM | 86.8 % |
| EPS | ₹ 16.9 |
| Debt | ₹ 1,19,892 Cr. |
| Debt to Equity | 1.38 |
Power Grid Corporation of India Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹312 | ₹341 |
| 2025 | ₹350 | ₹365 |
| 2026 | ₹376 | ₹432 |
| 2027 | ₹435 | ₹489 |
| 2028 | ₹500 | ₹521 |
| 2029 | ₹525 | ₹534 |
| 2030 | ₹564 | ₹612 |
Power Grid Corporation of India Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 51.34% |
| Mar 2023 | 51.34% |
| June 2023 | 51.34% |
| Sept 2023 | 51.34% |
| Dec 2023 | 51.34% |
| FII Holding | |
| Dec 2022 | 32.76% |
| Mar 2023 | 32.30% |
| June 2023 | 33.14% |
| Sept 2023 | 32.01% |
| Dec 2023 | 30.51% |
| DII Holding | |
| Dec 2022 | 12.73% |
| Mar 2023 | 13.39% |
| June 2023 | 12.55% |
| Sept 2023 | 13.21% |
| Dec 2023 | 14.77% |
| Public Holding | |
| Dec 2022 | 3.18% |
| Mar 2023 | 2.99% |
| June 2023 | 2.95% |
| Sept 2023 | 3.44% |
| Dec 2023 | 3.37% |
Power Grid Corporation of India Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 35,059 Cr |
| 2020 | ₹ 37,744 Cr |
| 2021 | ₹ 39,640 Cr |
| 2022 | ₹ 41,622 Cr |
| 2023 | ₹ 46,129 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 10,034 Cr |
| 2020 | ₹ 11,059 Cr |
| 2021 | ₹ 12,036 Cr |
| 2022 | ₹ 16,824 Cr |
| 2023 | ₹ 15,730 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 2.3 |
| 2020 | 2.14 |
| 2021 | 1.87 |
| 2022 | 1.77 |
| 2023 | 1.52 |
Last 10 Years’ Profit Growth:
| 10 Years: | 14% |
| 5 Years: | 26% |
| 3 Years: | 17% |
| Current Year: | 5% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 17% |
| 5 Years: | 19% |
| 3 Years: | 19% |
| Last Year: | 20% |
Sales Growth Over 10 Years:
| 10 Years: | 13% |
| 5 Years: | 9% |
| 3 Years: | 6% |
| Current Year: | 5% |
Conclusion
This article is a complete guide about Power Grid Corporation of India Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
