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POWERGRID.NS Power Grid Corporation of India Limited

India INR·Price 292.25·Mkt cap 2.72T
45funnel
as of 2026-06-19
Key numbers
Market cap
₹2,71,810 Cr
Current price
₹292.25
52w high / low
Stock P/E
17.1
Book value
₹108.05
P/B
2.7
ROCE
10.4%
ROE
15.8%

Computed from the latest reported financials and the current market price.

Who's the real player?

Strong90

A genuine play on this theme — most of its business sits right here.

Power Transmission~90% core revenue

Is the business healthy?

Weak48

Shaky fundamentals — weak cash generation or a stretched balance sheet. Tread carefully.

  • Weak FCF conversion (<50% of net income turns into free cash)
  • High leverage: net debt > 3.5x EBITDA
  • Receivables growing much faster than revenue (channel-stuffing risk)
  • Altman Z in distress zone (<1.8)
cashflow quality: 59.8capital efficiency: 22.4growth quality: 100balance sheet: 13.9valuation: 42.1
FCF conversion
22.9%
FCF margin
7.8%
Accrual ratio
-8.9%
ROCE
10.4%
ROIC
7.7%
Net debt / EBITDA
3.7
Interest coverage
3.0
Revenue CAGR
Piotroski F
3
Altman Z
1.6
P / FCF
74.4
EV / EBITDA
10.7
  • Strong cash flow quality
  • High growth quality
  • Good operating margin

Are the smart people buying?

Mixed61

No ownership-change data for this stock. The score reflects heavy growth investment (capex) and buybacks, not visible insider buying.

Capex growth 54.5%Ownership-change data not available for this stock.
  • Strong founder/insider ownership
  • High institutional ownership
  • Significant capex growth

What is management saying?

No earnings-call transcript or filings found for this stock.

Is the price right?

expensive0

Intrinsic value 2.79 vs price 292.25 — screens expensive on a cash-flow DCF (-99.0% to intrinsic). The base DCF growth assumption of 0% is not believable, as the reverse-DCF implies a 14.44% growth rate, which seems unrealistic for most businesses.

Intrinsic / share2.79
Price292.25
Upside to intrinsic-99.0%
Reverse-DCF implied g14.4%

Base FCF 138.73B · growth 0.0% · discount 12.0% · terminal 5.0%.

Sensitivity — intrinsic value / share

Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).

Growth rate →
Disc ↓ ╲ g-4%-2%0%2%4%
10%2.8328.5958.8994.49136.23
11%-19.31.6826.2555.0188.64
12%-35.29-17.722.7926.7254.6
13%-47.45-32.41-14.925.4229.05
14%-57.03-43.95-28.78-11.219.15

Through the masters' eyes

Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.

Scoring this stock against the masters' frameworks…

Financial statements (INR)

source

Cash-flow lines highlighted — we trust cash over reported profit.

Line20262025202420232022
Revenue467.33B457.92B442.03B440.05B
Operating income249.49B261.61B268.08B255.21B
EBITDA387.98B406.22B411.26B392.50B
Net income159.28B155.21B155.73B154.20B
Operating cash flow409.31B362.22B372.89B402.03B
Capex-372.79B-241.34B-114.10B-82.43B
Free cash flow36.51B120.88B258.80B319.60B
Total assets2.95T2.66T2.51T2.52T
Total equity1.00T926.63B871.45B830.26B
Total debt1.48T1.35T1.27T1.29T
Cash & equivalents52.81B37.97B26.91B41.44B

Technical entry