P 
Power Grid Corporation of India Ltd POWERGRID.NS · INR
Electric Utilities · NSE · 🇮🇳 India
Nifty 50
257.95
-0.75%
Close of 9 Nov 2026, in INR
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At a glance
Figures in INR, from our data supplier.
Revenue
₹467.33bn
FY2017FY2026
Net income
₹187.02bn
FY2017FY2026
Free cash flow
−₹53.26bn
FY2017FY2026
Shareholders' equity
₹1.00trn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹467.33bn | ₹457.92bn | ₹458.43bn | ₹456.03bn | ₹416.22bn | ₹396.40bn | ₹377.44bn | ₹350.59bn | ₹299.54bn | ₹256.97bn |
| Gross profit | ₹249.49bn | ₹447.60bn | ₹449.15bn | ₹447.80bn | ₹407.92bn | ₹388.78bn | ₹369.82bn | ₹342.26bn | ₹293.21bn | ₹251.29bn |
| Research and development | — | ₹72.5m | ₹72.5m | ₹72.3m | ₹72.5m | ₹117.8m | ₹167.8m | ₹199.1m | ₹82.9m | ₹26.3m |
| Operating income | ₹249.49bn | ₹418.98bn | ₹422.73bn | ₹420.69bn | ₹383.69bn | ₹366.03bn | ₹348.42bn | ₹201.64bn | ₹275.70bn | ₹154.21bn |
| Net income | ₹187.02bn | ₹155.21bn | ₹155.73bn | ₹154.20bn | ₹168.24bn | ₹120.36bn | ₹110.59bn | ₹100.34bn | ₹82.04bn | ₹74.51bn |
| Diluted earnings per share | 20.11 | 16.69 | 16.74 | 16.58 | 18.08 | 12.94 | 11.89 | 10.79 | 8.82 | 8.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ₹2.95trn | ₹2.66trn | ₹2.51trn | ₹2.50trn | ₹2.51trn | ₹2.56trn | ₹2.57trn | ₹2.47trn | ₹2.14trn | ₹1.96trn |
| Cash and short-term investments | ₹91.72bn | ₹100.77bn | ₹60.56bn | ₹97.69bn | ₹50.20bn | ₹52.06bn | ₹57.99bn | ₹47.86bn | ₹28.25bn | ₹39.95bn |
| Total liabilities | ₹1.94trn | ₹1.73trn | ₹1.64trn | ₹1.69trn | ₹1.75trn | ₹1.86trn | ₹1.92trn | ₹1.88trn | ₹1.60trn | ₹1.46trn |
| Debt | — | — | — | ₹1.27trn | ₹1.35trn | ₹1.43trn | ₹1.48trn | ₹1.46trn | ₹1.32trn | ₹1.13trn |
| Shareholders' equity | ₹1.00trn | ₹926.63bn | ₹871.45bn | ₹830.15bn | ₹762.47bn | ₹699.36bn | ₹646.95bn | ₹590.88bn | ₹544.26bn | ₹498.65bn |
| Shares outstanding | 9,298m | 9,301m | 9,305m | 9,303m | 9,303m | 9,303m | 9,303m | 9,303m | 9,303m | 9,298m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ₹319.53bn | ₹362.23bn | ₹372.89bn | ₹380.05bn | ₹261.24bn | ₹293.12bn | ₹310.40bn | ₹233.81bn | ₹227.10bn | ₹216.14bn |
| Capital spending | −₹372.79bn | −₹241.34bn | −₹114.04bn | −₹69.03bn | −₹79.66bn | −₹93.64bn | −₹113.67bn | −₹224.51bn | −₹266.52bn | −₹239.24bn |
| Free cash flow | −₹53.26bn | ₹120.89bn | ₹258.86bn | ₹311.02bn | ₹181.57bn | ₹199.49bn | ₹196.73bn | ₹9.30bn | −₹39.41bn | −₹23.10bn |
| Dividends paid | −₹83.71bn | −₹97.66bn | −₹112.19bn | −₹85.45bn | −₹108.12bn | −₹68.22bn | −₹44.26bn | −₹45.15bn | −₹30.34bn | −₹13.13bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹114.97bn | ₹116.66bn | ₹123.95bn | ₹114.76bn | ₹111.96bn | ₹122.75bn | ₹112.33bn | ₹112.78bn |
| Gross profit | ₹114.97bn | ₹57.71bn | ₹72.72bn | ₹58.91bn | ₹111.96bn | ₹112.43bn | ₹112.33bn | ₹112.78bn |
| Operating income | ₹108.23bn | ₹57.71bn | ₹72.72bn | ₹58.91bn | ₹64.33bn | ₹73.64bn | ₹68.69bn | ₹71.19bn |
| Net income | ₹35.98bn | ₹83.09bn | ₹41.85bn | ₹35.66bn | ₹36.31bn | ₹41.43bn | ₹38.62bn | ₹37.93bn |
| Diluted earnings per share | 3.87 | 8.94 | 4.50 | 3.83 | 3.90 | 4.45 | 4.15 | 4.08 |
| Cash from operations | — | — | — | ₹148.32bn | — | ₹362.23bn | — | ₹175.27bn |
| Capital spending | — | — | — | −₹141.77bn | — | −₹241.34bn | — | −₹90.34bn |
| Free cash flow | — | — | — | ₹6.55bn | — | ₹120.89bn | — | ₹84.93bn |
| Total assets | — | ₹2.95trn | — | ₹2.78trn | — | ₹2.66trn | — | ₹2.55trn |
| Cash and short-term investments | ₹57.86bn | ₹91.72bn | ₹96.37bn | ₹96.37bn | ₹100.77bn | ₹100.77bn | ₹89.55bn | ₹151.94bn |
| Debt | — | ₹1.48trn | — | ₹1.36trn | — | ₹1.31trn | — | ₹1.23trn |
| Shareholders' equity | ₹1.00trn | ₹1.00trn | ₹989.32bn | ₹989.32bn | ₹926.63bn | ₹926.63bn | ₹920.61bn | ₹920.61bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | 3.3% | 8.5% |
| Operating income | -16.0% | -7.4% | 2.7% |
| Net income | 6.6% | 9.2% | 12.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 75.3% | 86.6% | 90.1% | 92.9% |
| Operating margin | 72.2% | 82.2% | 85.3% | 82.9% |
| Net margin | 37.0% | 35.4% | 35.5% | 33.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.9 | 15.9 | 18.4 | 14.3 | 8.9 | 11.8 | 8.9 | 9.9 | 12.6 | 14.1 |
| Price to sales | 5.2 | 5.4 | 6.3 | 4.8 | 3.6 | 3.6 | 2.6 | 2.8 | 3.4 | 4.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 13 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.25 | 9.00 | 10.50 | 12.063 | 9.188 | 11.625 | 7.335 | 4.759 |
- 4-for-3 split · 12 Sept 2023
- 4-for-3 split · 29 Jul 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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