Power Grid Corporation of India Ltd. is the biggest company in India, and it sends electricity from one place to another. This company was started in 1989 by the Government of India. It helps move electricity from power plants to different states and cities. Most of its work is to send large amounts of electricity to places it is needed. The company also works with new energy like solar and wind power to supply electricity cleanly.
What is Power Grid Corporation of India Ltd NSE: POWERGRID ?
Power Grid earns money from three types of business. Transmission Services is the first and most significant business to send electricity across India (95% of their income). The second business is Telecom Services, which provides internet services through its electric towers (2%). The third business is Consultancy Services, where they help in designing and planning electricity projects (3%). The company is also working on new ideas like battery storage and green hydrogen projects for future energy needs.
The company works to transmit electricity from one state to another. The company operates in transmission, consultancy, and telecom services. With rising electricity demand in India and government project support, The company’s business can grow faster, making it a strong player in the power sector. The price may fluctuate tomorrow, but the long-term growth potential remains strong.
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Power Grid Corporation of India, an industry leader in power transmission, focuses on renewable energy sources like renewables, battery storage and green hydrogen for its growth strategy. Their telecom and global consultancy divisions also aid in this regard. While renewable energy capex projects may increase revenue stream, their share price may reach Rs270-Rs450 by 2025 due to strong fundamentals and innovation.
Year
Minimum Price (Rs.)
Maximum Price (Rs.)
2025
270
450
Month
Minimum Price (Rs.)
Maximum Price (Rs.)
January
280
300
February
290
310
March
300
330
April
320
340
May
330
350
June
340
360
July
350
370
August
360
380
September
370
400
October
390
420
November
410
430
December
420
450
Power Grid Share Price Target 2026
The company share price can grow till 2026 because India needs more electricity. The company is building new electric lines for solar and wind energy. It is also earning from internet services and foreign projects. These things will help the company’s business grow and increase its profit in the future.
Our analysis shows that the share price is expected to be between Rs 378 and Rs 594.
Year
Minimum Price (Rs.)
Maximum Price (Rs.)
2026
378
594
Month
Minimum Price (Rs.)
Maximum Price (Rs.)
January
375
585
February
376
586
March
377
588
April
378
589
May
380
590
June
381
592
July
382
593
August
383
594
September
385
595
October
386
596
November
387
598
December
388
600
Power Grid Share Price Target 2030
The company plans to expand its transmission network to over 2 million kilometers of lines and increase its transformation capacity to around 6,00,000 MVA by 2030 – thereby achieving India’s target of integrating 450 GW of renewable energy by time. Analysts believe that the share price could reach Rs1,000-1240 by 2030.
Year
Minimum Price (Rs.)
Maximum Price (Rs.)
2030
1000
1240
Month
Minimum Price (Rs.)
Maximum Price (Rs.)
January
997
1230
February
1000
1232
March
1002
1235
April
1005
1238
May
1008
1240
June
1010
1242
July
1013
1243
August
1015
1243
September
1018
1242
October
1020
1240
November
1023
1238
December
1025
1235
Power Grid Share Price Target 2040
The expansion of PGCIL’s infrastructure should continue until 2040 to meet India’s growing electricity demand and the integration of renewable energy. According to estimates by the International Energy Agency (IEA), more than 80 million kilometers of power grids will have to be added or renewed worldwide by then to meet national energy targets. Analysts believe that PGCIL’s share price could reach Rs 1,585-1765 at that time.
Year
Minimum Price (Rs.)
Maximum Price (Rs.)
2040
1585
1765
Month
Minimum Price (Rs.)
Maximum Price (Rs.)
January
1585
1758
February
1588
1760
March
1590
1763
April
1593
1765
May
1595
1765
June
1598
1764
July
1600
1762
August
1603
1760
September
1605
1757
October
1608
1755
November
1610
1753
December
1613
1750
Power Grid Share Price Target 2050
The company is likely to play a crucial role in India’s transition to 100% renewable energy by 2050. Studies show that India could achieve complete decarbonization by mid-century if PGCIL promotes large-scale renewable energy sources and green hydrogen projects – analysts believe the share price could reach Rs2,345-2,987 by this year.
The company is a major player in the power transmission sector and transports more than 45% of India’s electrical energy. With expansion into renewable energy, telecoms, and storage systems, the company’s growth prospects are promising. A growing order book and potential strategic projects could boost the company’s share price and should be carefully considered when investing.
Power Grid Corporation of India Ltd Earning Results(Financials)
Particulars
TTM
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Sales
45,495
45,843
45,603
41,622
39,640
Expenses
6,902
6,017
6,028
5,796
4,734
Operating Profit
38,593
39,826
39,576
35,826
34,906
OPM %
85%
87%
87%
86%
88%
Other Income
2,058
556
1,093
4,692
769
Interest
8,326
8,773
9,634
8,036
8,135
Depreciation
12,968
13,095
13,333
12,872
12,039
Profit Before Tax
19,357
18,514
17,702
19,610
15,501
Net Profit
15,545
15,573
15,420
16,824
12,036
EPS (₹)
16.71
16.74
16.58
18.09
12.94
Dividend Payout %
67%
67%
67%
61%
52%
Expert Forecasts on the Future of Power Grid Corporation of India Ltd.
The company stock’s future looks strong as company profits grow every year. Last year’s profit was ₹15,573 Cr, and this year’s TTM profit was ₹15,545 Cr. The company is giving regular dividends, and earnings per share (EPS) are also increasing. Experts believe the rising demand for power in India will boost the company’s stock in the long term.
Is Power Grid Stock Good to Buy? (Bull case & Bear case)
Bullish Case:
India’s electricity demand is increasing every year
Power Grid Corporation is financially strong and pays stable dividends, making it an attractive option for steady returns. However, the industry’s high debt levels and regulation could pose risks, making this investment more suitable for long-term, cautious investors than those looking for rapid expansion. If you’re considering an investment, you should read the full article for details about the company’s performance and future stock projections.
FAQs
The company manages electricity transmission across India.
Yes, the government owns a 51.3% stake in the company.
Yes, the company offers a high dividend yield of 3.72%.
The company is stable, with consistent profits and government backing, but has high debt.
The debt-to-equity ratio is 1.33, which indicates a moderate level of debt.
The ROE is 19%, which indicates high profitability.
Yes, the stock is ideal for steady, long-term returns.
Yes, it supports the integration of renewable energy into the grid.
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