Power Grid Corporation of India logo

Power Grid Corporation of India share price

NSE: POWERGRIDBSE: 532898PowerLarge Cap

Power Grid Corporation of India Limited · Face value ₹10 · Listed Oct 2007
Last close ₹260.00up ₹8.60 (3.42%)BSE ₹260.40

Share price at the NSE close on 29 Oct 2026. Previous close ₹251.40.

29 Oct: open ₹250.80, high ₹262.50, low ₹250.80

52-week range of traded prices to 29 Oct 2026
₹242.30Low, 23 Oct 2026₹324.95High, 27 Apr 2026
Market cap
₹2,41,816 Cr32nd largest listed
P/E
15.21
P/B
2.41
Dividend yield
3.46%
ROE
16.5%
ROCE
10.2%
Debt to equity
1.47
Volume, NSE
1,05,26,03544.2% delivered

Power Grid Corporation of India share price chart

Daily closes since Oct 2007, adjusted for splits and bonuses

−12.0%over a year · Nifty 500 −8.4%

ResultsDividend20-session average 94,04,327 shares a day, 63.2% delivered

About Power Grid Corporation of India

Power Grid Corporation of India Limited transmits electricity in bulk between and within India's states.12 Its transmission customers are state power distribution companies, generating companies, bulk consumers and railways.1 It also leases telecom bandwidth on optical fibre laid along its transmission lines, and sells consultancy in transmission, distribution and telecom to clients in India and abroad.21

It reports its results in transmission, telecom and consultancy segments.2 Projects it wins through tariff-based competitive bidding (TBCB, in which developers compete on the yearly charge they collect) are held in project subsidiaries, 60 of them at the end of March 2026.3 It also owns a large base of assets under the regulated tariff mechanism, where its transmission income follows tariff orders of the Central Electricity Regulatory Commission (CERC).45 Its subsidiary POWERGRID Teleservices Limited (PowerTel) runs the telecom business, and POWERGRID Energy Services Limited (PESL) works on smart metering and distribution projects.46

It has a presence in 25 countries, and its cross-border lines link India's grid with Bhutan, Nepal, Bangladesh and Myanmar.78 It was established in 1989, and the company says it was a key enabler in joining India's regional networks into one national grid.9 It is a central public sector enterprise, and the Government of India holds 51.34% of its shares.103

Power Grid Corporation of India key points

Results

  • In the quarter to Jun 2026, consolidated total income was ₹11,697 crore against ₹11,444 crore a year earlier, and profit after tax was ₹3,598 crore against ₹3,631 crore.11
  • EBITDA gross margin, the company's measure of earnings before interest, tax, depreciation and amortisation, was ₹9,581 crore in the quarter to Jun 2026, against ₹9,527 crore a year earlier.11
  • For the year to Mar 2026, consolidated total income was ₹47,684.43 crore and profit after tax was ₹15,927.95 crore.12
  • In the year to Mar 2026, consolidated gross fixed assets (the original cost of its assets) passed ₹3 lakh crore and net worth (assets minus liabilities) passed ₹1 lakh crore, both for the first time.13

Market position

  • At the end of March 2026 the company accounted for about 84% of India's inter-regional transfer capacity (the links between its regional grids), 101,180 MW of the total 120,340 MW.14
  • POWERGRID's cumulative share of annual tariff across all inter-state projects awarded through TBCB since the system began was about 47% as of July 2026.15

Business segments

  • Consolidated income by business16
    Itemquarter to Jun 2026quarter to Jun 2025
    Transmission charges₹10,905 crore₹10,620 crore
    Consultancy services₹391 crore₹329 crore
    Telecom₹201 crore₹247 crore
  • Telecom. As of its annual report of 29 Jul 2026, PowerTel's optical ground wire network (fibre on transmission towers) spanned over 100,000 km, with points of presence (network access sites) at more than 4,000 locations, and a pilot 1,000-rack data centre was under way.17
  • Smart metering. The smart-meter business of PESL contributed ₹220 crore of consultancy revenue in the quarter to Jun 2026. As of its annual report of 29 Jul 2026, PESL was deploying 69.4 lakh smart meters in Gujarat, of which 21.7 lakh were in operation.1819

Transmission network

  • At the end of June 2026 the network had 1,595 transmission lines of 1,86,595 circuit kilometres (ckm, each circuit's length counted separately) and 291 substations with 6,34,516 MVA (megavolt-amperes) of transformation capacity.20
  • POWERGRID added 5,772 ckm of lines and 72,055 MVA of transformation capacity in the year to Mar 2026; the major elements it commissioned in the quarter to Jun 2026 were 1,635 ckm and 10,500 MVA.2122

Order book

  • Works in hand (projects in progress or awarded, as the company counts them) at the end of June 20262324
    Itemend of Jun 2026
    TBCB projects₹1,46,315 crore (83%)
    Regulated tariff (RTM) projects₹25,168 crore (14%)
    Other businesses (smart metering, data centres, cross-border, international, battery storage)₹4,217 crore (3%)
    Total₹1,75,700 crore
    The total includes ₹50,419 crore of capital work in progress (spending on assets not yet in service) and excludes Pang-Kaithal (₹22,942 crore) and offshore projects (₹13,142 crore).
  • As of 31 Jul 2026, transmission projects in the national bidding pipeline (open to all developers) had a total approved cost of ₹1,19,495 crore: ₹73,875 crore under bidding and ₹45,620 crore yet to be put out to bid.25

Expansion and capital spending

  • Capital expenditure was ₹39,967 crore in the year to Mar 2026, on an accrual basis, its highest in a single year, and ₹28,206 crore of assets were capitalised (put into service).26
  • In its presentation of 7 Aug 2026, the company gave guidance of ₹37,000 crore of capital expenditure and ₹30,000 crore of capitalisation for the year to Mar 2027, on a consolidated basis; its annual report said the capex is likely to go up.2728
  • The company stated in its annual report for the year to Mar 2026 that capital expenditure of about ₹40,000 crore to ₹45,000 crore is being considered for the year to Mar 2028.29
  • POWERGRID won its first battery energy storage project, 150 MW/300 MWh in Andhra Pradesh, in the year to Mar 2026, and by July 2026 India's first synchronous condenser scheme (machines that steady grid voltage) under TBCB.3031

Recent events

  • On 12 Oct 2026 POWERGRID acquired Jam Khambhaliya REZ Transmission Limited, Lakadia C Power Transmission Limited and Lakadia II Power Transmission Limited, project companies for transmission schemes in Gujarat and Maharashtra that it won through TBCB.323334
  • On 23 Sep 2026 POWERGRID acquired Barmer HVDC Power Transmission Limited, which is to build a ±800 kV high-voltage direct current (HVDC) line of about 1,000 km from Barmer in Rajasthan to South Kalamb in Maharashtra, with 6,000 MW terminals.35
  • On 21 Apr 2026 Mwanga Transmission Company Limited was incorporated in Kenya for a transmission project the company is developing with Africa50 (60% against its 40%), its first transmission project in Africa as a developer.3637
  • On 9 Mar 2026 the board gave in-principle approval to sell the company's entire stake in Central Transmission Utility of India Limited (CTUIL), the subsidiary that performs the statutory role of central transmission utility, to Grid Controller of India Limited.3839

Last updated

All 39 sources, each with its page
  1. 1. Annual report, 29 Jul 2026, page 132
  2. 2. Annual report, 29 Jul 2026, page 333
  3. 3. Annual report, 29 Jul 2026, page 97
  4. 4. Annual report, 29 Jul 2026, page 112
  5. 5. Annual report, 29 Jul 2026, page 202
  6. 6. Annual report, 29 Jul 2026, page 101
  7. 7. Annual report, 29 Jul 2026, page 53
  8. 8. Annual report, 29 Jul 2026, page 101
  9. 9. Annual report, 29 Jul 2026, page 110
  10. 10. Annual report, 29 Jul 2026, page 43
  11. 11. Investor presentation, 7 Aug 2026, page 18
  12. 12. Annual report, 29 Jul 2026, page 96
  13. 13. Annual report, 29 Jul 2026, page 28
  14. 14. Annual report, 29 Jul 2026, page 110
  15. 15. Investor presentation, 7 Aug 2026, page 10
  16. 16. Investor presentation, 7 Aug 2026, page 18
  17. 17. Annual report, 29 Jul 2026, page 53
  18. 18. Investor presentation, 7 Aug 2026, page 22
  19. 19. Annual report, 29 Jul 2026, page 101
  20. 20. Investor presentation, 7 Aug 2026, page 5
  21. 21. Annual report, 29 Jul 2026, page 96
  22. 22. Investor presentation, 7 Aug 2026, page 6
  23. 23. Investor presentation, 7 Aug 2026, page 13
  24. 24. Investor presentation, 7 Aug 2026, page 13
  25. 25. Investor presentation, 7 Aug 2026, page 14
  26. 26. Annual report, 29 Jul 2026, page 96
  27. 27. Investor presentation, 7 Aug 2026, page 7
  28. 28. Annual report, 29 Jul 2026, page 14
  29. 29. Annual report, 29 Jul 2026, page 14
  30. 30. Annual report, 29 Jul 2026, page 112
  31. 31. Investor presentation, 7 Aug 2026, page 11
  32. 32. Exchange filing, 12 Oct 2026, page 1
  33. 33. Exchange filing, 12 Oct 2026, page 1
  34. 34. Exchange filing, 12 Oct 2026, page 1
  35. 35. Exchange filing, 23 Sep 2026, page 1
  36. 36. Annual report, 29 Jul 2026, page 265
  37. 37. Annual report, 29 Jul 2026, page 101
  38. 38. Annual report, 29 Jul 2026, page 125
  39. 39. Annual report, 29 Jul 2026, page 97
Revenue growth, 12 months
+2.3%
Net profit growth, 12 months
+3.0%

Quarter to Jun 2026, against the quarter before

Revenue
₹11,497 Crdown 1.45%
Net profit
₹3,598 Crdown 20.85%
Net margin
31.3%

Revenue by quarter

₹11,278 CrSep 24₹11,233 CrDec 24₹12,275 CrMar 25₹11,196 CrJun 25₹11,476 CrSep 25₹12,395 CrDec 25₹11,666 CrMar 26₹11,497 CrJun 26
Peak revenue ₹12,395 Cr, quarter to Dec 2025; lowest ₹11,196 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹3,793 CrSep 24₹3,862 CrDec 24₹4,143 CrMar 25₹3,631 CrJun 25₹3,566 CrSep 25₹4,185 CrDec 25₹4,546 CrMar 26₹3,598 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue11,27811,23312,27511,19611,47612,39511,66611,497
Net profit3,7933,8624,1433,6313,5664,1854,5463,598
Net margin33.6%34.4%33.7%32.4%31.1%33.8%39.0%31.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Transmission₹44,083 Crdown 1.55%92.6%
  • Consultancy₹2,347 Crup 106.40%4.9%
  • Telecom₹1,195 Crup 5.94%2.5%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Power Grid Corporation of India PE ratio and valuation

Price to earnings

At or below today's level on 73% of 2,479 trading days over the last 10 years.

LowestHighest
Its median12.01Industry median20.24
Price to book

At or below today's level on 65% of 1,978 trading days since Nov 2018.

LowestHighest
Its median1.96Industry median1.46
Dividend yield

At or below today's level on 38% of 2,479 trading days over the last 10 years.

LowestHighest
Its median4.09%Industry median1.67%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+5.0%+2.6%−0.6%3.0%
3 years+23.9%+1.1%+19.2%3.4%
5 years+24.2%+5.8%+13.0%4.7%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Power Grid Corporation of India shareholding pattern

Shareholding by group

  • Promoters51.34%
  • Foreign institutions24.03%
  • Indian institutions20.91%
  • Individuals and others3.72%
Holder
PRESIDENT OF INDIAPromoter51.34%
LICI NEW PENSION PLUS SECURED FUND & OthersInsurance companies5.50%
NPS TRUST A/C - HDFC PF NPS SURAKSHIT INCOME FUNDProvident and pension funds1.57%
GOVERNMENT OF SINGAPORE - EForeign portfolio investors, category I1.52%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.30 pts, Indian institutions +0.21 pts, mutual funds −0.86 pts.

Mutual fund holdings

358 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 193 of the 228 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 358 funds holding Power Grid Corporation of India

Bought for the first time
6
Bought again
9
Added
121
Cut
107
Held unchanged
111
Sold out
13
Fund
PPFAS Mutual Fund logoParag Parikh Flexi Cap FundPPFAS Mutual Fund31,20,22,7825.60%₹8,128.2 Cr
Nippon India Mutual Fund logoCPSE ETFNippon India Mutual Fund12,76,04,01717.83%₹3,324.1 Cr
HDFC Mutual Fund logoHDFC Flexi Cap FundHDFC Mutual Fund8,78,62,6792.11%₹2,288.8 Cr
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund8,78,25,6391.13%₹2,287.9 Cr
SBI Mutual Fund logoSBI BSE Sensex ETFSBI Mutual Fund6,12,36,5561.38%₹1,594.9 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund3,01,19,4781.13%₹784.6 Cr
UTI Mutual Fund logoUTI BSE Sensex ETFUTI Mutual Fund2,88,55,4801.38%₹751.5 Cr
Nippon India Mutual Fund logoNippon India ETF Nifty 50 BeESNippon India Mutual Fund2,81,94,6451.13%₹734.5 Cr
ICICI Prudential Mutual Fund logoBharat 22 ETFICICI Prudential Mutual Fund2,73,77,5017.48%₹713.0 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large Cap FundICICI Prudential Mutual Fund2,08,27,1350.71%₹542.5 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Power Grid Corporation of India insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 10 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Power Grid Corporation of India competitors and peers

Power, 45 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Power Grid Corporation of India in market cap.Power stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Adani Power logoAdani PowerADANIPOWER3,68,72320.244.80+17.2%+51.4%27.0%14.6%0.00%
NTPC logoNTPCNTPC3,01,08110.841.48+2.4%+15.9%14.3%8.1%2.90%
Adani Green Energy logoAdani Green EnergyADANIGREEN2,15,286114.889.97+20.9%−7.1%9.1%6.3%0.00%
Adani Energy Solutions logoAdani Energy SolutionsADANIENSOL1,66,93345.025.33+32.6%–13.6%10.0%0.00%
Tata Power Company logoTata Power CompanyTATAPOWER1,10,09528.502.79−4.2%−4.8%10.3%6.8%0.73%
JSW Energy logoJSW EnergyJSWENERGY93,50840.332.55+26.4%+14.6%7.0%6.0%0.39%
NHPC logoNHPCNHPC77,54820.431.87+12.0%+24.1%9.4%3.6%2.09%
NTPC Green Energy logoNTPC Green EnergyNTPCGREEN70,722116.523.73––3.2%3.4%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Power Grid Corporation of India dividend history

Dividend per share, ₹, restated for later splits and bonuses

2.4Mar 173.0Mar 184.7Mar 195.6Mar 207.3Mar 2111Mar 2211Mar 2311Mar 249Mar 259Mar 26
Highest ₹11.25 a share, year to Mar 2024.
Ex-dateTypePer share
6 Nov 2026InterimAmount not stated
13 Aug 2026Final₹1.25
9 Feb 2026Interim₹3.25
10 Nov 2025Interim₹4.50
19 Aug 2025Final₹1.25
7 Feb 2025Interim₹3.25
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Power Grid Corporation of India announcements

Power Grid Corporation of India share price by year

Each calendar year to 2025.Power Grid Corporation of India share price history

YearClose at year endChangeHighest closeLowest close
2025264.60−14.3%320.00250.85
2024308.70+30.1%365.45233.45
2023237.20+48.0%239.10156.08
2022160.28+4.5%183.86143.33
2021153.30+43.6%160.88103.75
2020106.79−0.2%115.1281.08
2019107.02−4.2%120.3898.41
2018111.74−0.8%120.2998.80
2017112.70+9.2%127.10103.30
2016103.22+30.0%108.5173.15
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026254.10254.10248.80251.40251.2157,42,06457.3%
27 Oct 2026246.55253.45245.25251.75251.551,13,93,61763.3%
26 Oct 2026247.30249.85244.60247.00246.9474,14,30352.2%
23 Oct 2026248.05248.60242.30247.40244.4659,17,09854.1%
22 Oct 2026249.00249.35244.65248.40247.3470,30,74456.7%
21 Oct 2026253.50253.60246.70252.15249.831,13,22,73868.3%
19 Oct 2026250.00253.35249.15250.35251.2589,08,65360.1%
16 Oct 2026249.85253.25247.05250.45250.871,18,52,18264.6%
15 Oct 2026248.20251.20247.70249.85249.391,27,75,27670.4%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
12 Sep 2023Bonus0.7500Holders received 1 bonus share for every 3 held.
29 Jul 2021Bonus0.7500Holders received 1 bonus share for every 3 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
BURRA VAMSI RAMA MOHAN
At the end of the quarter to Sep 2026
NSE symbol
POWERGRID
BSE code
532898
ISIN
INE752E01010
Industry
Power
CIN
L40101DL1989GOI038121
Corporate identity number, the registrar of companies' code for it
Incorporated
1989
Registered office
B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi 110016, Delhi
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments