Power Grid Corporation of India Ltd (NSE: POWERGRID): Power Grid Corporation of India Limited shares is the focus of today’s discussion. The company’s shares reached a high intraday of Rs 289.40.
This rise in shares of PSU Power Company can be attributed to the outstanding results of the quarter ending December.
Profits of the company have increased during the December quarter.
Power Grid Corporation, a government-owned company, has informed the stock exchange that its net profit for the third fiscal quarter (October to December 2023) increased by 10.5 percent and reached a new record of Rs 4028 crore.
In the same quarter last year, this was Rs 3645.3 crore. Profits have also increased, according to the company.
What Did The Company Say?
On Wednesday, the company announced to the stock exchange that its total revenue had increased from Rs 11,530.22 crore in the previous financial year’s same quarter to Rs 11,819.70 crore in the current quarter.
In a meeting on Wednesday, the company’s board of directors approved a second half-dividend of Rs 4.50 for each equity share worth Rs 10 in 2023-24.
The second interim dividend will be paid on March 5, 2020.
Condition Of Shares
Power Grid’s shares will likely rise. A brokerage firm, has a buy recommendation on Power Grid shares with a price target of ₹312 And ₹341.
Power Grid share is up 13.45% over the past month. This stock has increased by 52.50% over the past six months, and 72.20% within the last year.
The 52-week highest price of the shares of the company is Rs 289.40, and the 52-week lowest price is Rs 158.89.
The company’s market capitalization is Rs 2,56,557 crore.
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 CPSU 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 | ₹ 2,56,557 Cr. |
| Current Price | ₹ 274.90 |
| 52-wk High | ₹ 289 |
| 52-wk Low | ₹ 159 |
| Stock P/E | 16.66 |
| Book Value | ₹ 93.4 |
| Dividend | 4.01 % |
| ROCE | 13.1 % |
| ROE | 19.6 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.96 |
| 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: | 17% |
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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