Power Grid (POWERGRID) Stock Price, Fundamentals & Analysis

What POWERGRID does

Power Grid (POWERGRID) is a major electric power transmission utility that operates in the power transmission business in India and internationally. The company runs three business segments: Transmission Services, Telecom Services, and Consultancy Services. As of 31 March 2026, it owned and operated 184,960 circuit kilometers of transmission lines and 291 substations with an aggregate transformation capacity of 624,016 mega volt amperes. Through its POWERTEL brand, it also offers telecom services — including overhead optic fiber networks built on transmission lines, lease lines, MPLS-VPN, and international long-distance services. Power Grid is listed on the National Stock Exchange of India and is often compared with peers such as NTPC (NTPC) and Dominion Energy (D).

Key numbers explained

• Price is 269.5 INR, up 1.16% today, with a 52-week range of 250 – 324.95 and a one-year change of -5.1%.
• The P/E ratio (trailing) is 13.2, meaning the stock trades at roughly 13 times its earnings per share of 20.43 INR; the forward P/E ratio is 13.9 on expected earnings.
• The dividend yield is 3.8%, with an ex-dividend date of Aug 13, 2026, and 44% of earnings are paid out as dividends.
• Beta of 0.16 indicates the stock historically moves far less than the broader market.
• Market capitalization is 2.51T INR, placing it among large-cap stocks on the Nifty 50.
• Profit margin is 33.8% and operating margin is 55.7%, reflecting strong profitability for a regulated utility.
• Debt-to-equity ratio of 150.8% and price-to-book of 2.49 are worth monitoring for leverage and valuation relative to book value.

What to watch

Regulated electric utilities like Power Grid are influenced by government policy, tariff approvals, and interest rate environments. Revenue growth of 2.7% year over year on revenue of 470.33B INR (trailing 12 months) is modest, and the high debt-to-equity ratio warrants attention. The next earnings date is Nov 10, 2026. Investors also track peer performance — for example, companies like Zhejiang Zheneng Electric Power (600023) or Chubu Electric Power (9502) — for broader sector trends.