Power Grid Corporation of India Limited
Power Grid Corporation of India Limited (POWERGRID) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Key metrics
Price as of 2026-09-03
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11,267 Cr | 11,550 Cr | 11,978 Cr | 11,006 Cr | 11,278 Cr | 11,233 Cr | 12,275 Cr | 11,196 Cr | 11,476 Cr | 12,395 Cr | 11,666 Cr | 11,497 Cr |
| Operating expenses (approx.) | 1,359 Cr | 1,337 Cr | 1,879 Cr | 1,404 Cr | 1,576 Cr | 1,695 Cr | 2,052 Cr | 2,049 Cr | 2,362 Cr | 1,742 Cr | 2,600 Cr | 1,960 Cr |
| EBITDA | 9,908 Cr | 10,213 Cr | 10,099 Cr | 9,602 Cr | 9,701 Cr | 9,538 Cr | 10,224 Cr | 9,147 Cr | 9,114 Cr | 10,653 Cr | 9,066 Cr | 9,536 Cr |
| OPM % | 87.9% | 88.4% | 84.3% | 87.2% | 86.0% | 84.9% | 83.3% | 81.7% | 79.4% | 85.9% | 77.7% | 82.9% |
| Other income | 263 Cr | 270 Cr | 327 Cr | 273 Cr | 568 Cr | 510 Cr | 315 Cr | 248 Cr | 194 Cr | 204 Cr | 305 Cr | 200 Cr |
| Interest | 2,341 Cr | 2,446 Cr | 1,928 Cr | 2,039 Cr | 2,441 Cr | 1,917 Cr | 2,303 Cr | 1,934 Cr | 2,148 Cr | 2,191 Cr | 2,175 Cr | 2,023 Cr |
| Depreciation | 3,277 Cr | 3,293 Cr | 3,259 Cr | 3,200 Cr | 3,292 Cr | 3,216 Cr | 3,196 Cr | 3,130 Cr | 3,223 Cr | 3,381 Cr | 3,295 Cr | 3,128 Cr |
| Profit before tax | 4,355 Cr | 4,816 Cr | 5,125 Cr | 4,603 Cr | 4,678 Cr | 4,952 Cr | 5,062 Cr | 4,499 Cr | 4,395 Cr | 5,497 Cr | 155 Cr | 4,481 Cr |
| Tax % | 13.2% | 16.4% | 18.7% | 19.1% | 18.9% | 22.0% | 18.2% | 19.3% | 18.9% | 23.9% | -2829.0% | 19.7% |
| Net profit | 3,781 Cr | 4,028 Cr | 4,166 Cr | 3,724 Cr | 3,793 Cr | 3,862 Cr | 4,143 Cr | 3,631 Cr | 3,566 Cr | 4,185 Cr | 4,546 Cr | 3,598 Cr |
| EPS (₹) | ₹4.06 | ₹4.33 | ₹4.48 | ₹4.00 | ₹4.08 | ₹4.15 | ₹4.46 | ₹3.90 | ₹3.84 | ₹4.50 | ₹4.89 | ₹3.87 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 35,059 Cr | 37,744 Cr | 39,640 Cr | 41,616 Cr | 45,581 Cr | 45,843 Cr | 45,792 Cr | 46,733 Cr | Sign in for TTM |
| Operating expenses (approx.) | 4,839 Cr | 4,803 Cr | 4,647 Cr | 5,049 Cr | 6,103 Cr | 5,940 Cr | 6,727 Cr | 8,754 Cr | Sign in for TTM |
| EBITDA | 30,221 Cr | 32,940 Cr | 34,993 Cr | 36,567 Cr | 39,478 Cr | 39,903 Cr | 39,065 Cr | 37,979 Cr | Sign in for TTM |
| OPM % | 86.2% | 87.3% | 88.3% | 87.9% | 86.6% | 87.0% | 85.3% | 81.3% | Sign in for TTM |
| Other income | 602 Cr | 927 Cr | 1,184 Cr | 1,082 Cr | 1,024 Cr | 1,070 Cr | 1,667 Cr | 952 Cr | Sign in for TTM |
| Interest | 8,737 Cr | 9,509 Cr | 8,135 Cr | 8,036 Cr | 9,634 Cr | 8,773 Cr | 8,700 Cr | 8,448 Cr | Sign in for TTM |
| Depreciation | 10,541 Cr | 11,607 Cr | 12,039 Cr | 12,872 Cr | 13,333 Cr | 13,095 Cr | 12,904 Cr | 13,030 Cr | Sign in for TTM |
| Profit before tax | 9,147 Cr | 14,590 Cr | 15,501 Cr | 19,610 Cr | 17,702 Cr | 18,514 Cr | 19,294 Cr | 14,547 Cr | Sign in for TTM |
| Tax % | -9.7% | 24.2% | 22.3% | 14.2% | 12.9% | 15.9% | 19.6% | -9.5% | Sign in for TTM |
| Net profit | 10,034 Cr | 11,059 Cr | 12,036 Cr | 16,824 Cr | 15,417 Cr | 15,573 Cr | 15,521 Cr | 15,928 Cr | Sign in for TTM |
| EPS (₹) | ₹19.18 | ₹21.14 | ₹23.01 | ₹24.12 | ₹22.10 | ₹16.74 | ₹16.69 | ₹17.13 | Sign in for TTM |
| Dividend payout % | — | — | — | 64.3% | 55.4% | 72.0% | 62.9% | 52.6% | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 5,232 Cr | 5,232 Cr | 5,232 Cr | 6,975 Cr | 6,975 Cr | 9,301 Cr | 9,301 Cr | 9,301 Cr |
| Reserves | 53,857 Cr | 59,464 Cr | 64,704 Cr | 69,272 Cr | 76,039 Cr | 77,845 Cr | 83,362 Cr | 91,193 Cr |
| Borrowings | 1,35,630 Cr | — | — | — | 1,26,595 Cr | 1,23,449 Cr | 1,30,965 Cr | 1,48,009 Cr |
| Other liabilities | 52,640 Cr | 1,91,958 Cr | 1,85,813 Cr | 1,74,696 Cr | 40,686 Cr | 40,297 Cr | 42,479 Cr | 46,224 Cr |
| Total liabilities | 2,47,358 Cr | 2,56,653 Cr | 2,55,749 Cr | 2,50,943 Cr | 2,50,296 Cr | 2,50,891 Cr | 2,66,107 Cr | 2,94,727 Cr |
| Fixed assets (net) | 1,71,058 Cr | — | — | — | 1,83,777 Cr | 1,76,223 Cr | 1,70,886 Cr | 1,74,970 Cr |
| CWIP | 37,388 Cr | — | — | — | 13,741 Cr | 18,082 Cr | 33,269 Cr | 43,654 Cr |
| Investments | 1,296 Cr | — | — | — | 3,489 Cr | 4,163 Cr | 3,117 Cr | 2,995 Cr |
| Loans & advances | 131 Cr | — | — | — | 107 Cr | 132 Cr | 134 Cr | 139 Cr |
| Inventories | 1,247 Cr | — | — | — | 1,340 Cr | 1,406 Cr | 1,803 Cr | 2,126 Cr |
| Trade receivables | 4,728 Cr | — | — | — | 12,961 Cr | 11,540 Cr | 7,965 Cr | 11,673 Cr |
| Cash & bank | 3,648 Cr | — | — | — | 5,192 Cr | 3,464 Cr | 3,797 Cr | 5,281 Cr |
| Other assets | 27,861 Cr | 2,56,653 Cr | 2,55,749 Cr | 2,50,943 Cr | 29,687 Cr | 35,881 Cr | 45,138 Cr | 53,889 Cr |
| Total assets | 2,47,358 Cr | 2,56,653 Cr | 2,55,749 Cr | 2,50,943 Cr | 2,50,296 Cr | 2,50,891 Cr | 2,66,107 Cr | 2,94,727 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 26,124 Cr | 38,005 Cr | 37,290 Cr | 36,223 Cr | 40,931 Cr |
| Cash from investing | — | — | — | 753 Cr | -6,126 Cr | -13,114 Cr | -23,533 Cr | -35,305 Cr |
| Cash from financing | — | — | — | -28,967 Cr | -29,264 Cr | -25,903 Cr | -12,357 Cr | -4,006 Cr |
| Net cash flow | — | — | — | -2,091 Cr | 2,615 Cr | -1,728 Cr | 333 Cr | 1,619 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 18,157 Cr | 31,102 Cr | 25,886 Cr | 12,089 Cr | 3,651 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 30.3% | 37.3% | 33.8% | 36.3% | 13.0% | 13.0% | 12.5% | 9.3% |
| ROE % | 17.0% | 17.1% | 17.2% | 22.1% | 18.6% | 17.9% | 16.8% | 15.8% |
| Debtor days | 49 | — | — | — | 104 | 92 | 63 | 91 |
| Inventory days | 13 | — | — | — | 11 | 11 | 14 | 17 |
| Days payable | 4 | — | — | — | 3 | 3 | 5 | 7 |
| Cash conversion cycle | 58 | — | — | — | 112 | 100 | 73 | 100 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 1.52 | 1.42 | 1.41 | 1.47 |
| Current ratio | 0.54 | — | — | — | 0.87 | 0.78 | 0.73 | 0.60 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 3.08 | 3.01 | 3.26 | 3.76 |
Compare with peers
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