Power Grid Corporation of India Limited (POWERGRID) is a central public sector enterprise responsible for the transmission of electricity across India. It is a leading organization in the development and management of high-voltage transmission networks, ensuring the efficient transfer of power from generating stations to distribution utilities. POWERGRID also plays a key role in maintaining the stability and reliability of India’s national grid system. As of December 27, 2024, the Power Grid share price on the NSE is ₹309. Below are the projected Power Grid share price target for the years 2025, 2030, 2035 And 2040.
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Power Grid Company Overview
Established in 1989 and headquartered in Gurugram, Haryana, POWERGRID is a Government of India enterprise under the Ministry of Power. The company owns and operates a vast network of transmission lines and substations, covering nearly the entire country. POWERGRID is actively involved in modernizing India’s transmission infrastructure with advanced technologies such as smart grids and renewable energy integration. It has also expanded its operations internationally by providing consultancy services and participating in cross-border transmission projects. Known for its operational excellence, POWERGRID is pivotal in supporting India’s growing energy demands and fostering sustainable development.
| Company type | Central Public Sector Undertaking |
| Traded as | NSE: POWERGRID BSE: 532898 BSE SENSEX Constituent NSE NIFTY 50 Constituent |
| Industry | Electricity grids |
| Founded | 23 October 1989; 35 years ago |
| Headquarters | Gurugram, Haryana, India |
| Area served | India |
| Key people | Ravindra Kumar Tyagi (CMD) |
| Products | Transmission Distribution Energy trading |
| Revenue | ₹46,913 crore (US$5.6 billion) (2024) |
| Operating income | ₹19,085 crore (US$2.3 billion) (2024) |
| Net income | ₹15,573 crore (US$1.9 billion) (2024) |
| Total assets | ₹250,890 crore (US$30 billion) (2024) |
| Total equity | ₹87,145 crore (US$10 billion) (2024) |
| Owner | Ministry of Power, Government of India |
| Number of employees | 25,767 (including 18,760 workers) (March 2024) |
| Divisions | Power System Operation Corporation Limited Powertel India Limited Central Transmission Utility of India Limited |
| Website | https://www.powergrid.in/ |
Power Grid Share Price Forecast From 2025 To 2040
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | ₹355 | ₹256 | ₹346 |
| 2025 | ₹411 | ₹295 | ₹399 |
| 2026 | ₹477 | ₹342 | ₹463 |
| 2027 | ₹554 | ₹397 | ₹537 |
| 2028 | ₹642 | ₹461 | ₹623 |
| 2029 | ₹745 | ₹535 | ₹723 |
| 2030 | ₹864 | ₹620 | ₹838 |
| 2035 | ₹1560 | ₹810 | ₹1362 |
| 2040 | ₹2808 | ₹1276 | ₹2600 |
Technical Analysis for Power Grid Corporation of India Limited
Power Grid Share Price Target For 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹365 | ₹411 |
By 2025, Power Grid’s share price is expected to reach ₹365 at the 1st target and ₹411 at the 2nd target. The company’s strategic focus on expanding its transmission network and ensuring grid stability is likely to drive growth. Furthermore, government investments in renewable energy integration and infrastructure upgrades will bolster Power Grid’s financial performance.
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Power Grid Share Price Target For 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹420 | ₹477 |
In 2026, the share price of Power Grid is projected to achieve ₹420 at the 1st target and ₹477 at the 2nd target. With continued emphasis on modernizing India’s transmission systems and adopting smart grid technologies, Power Grid is poised to maintain steady growth. Enhanced operational efficiencies and regulatory support will further contribute to investor confidence.
Power Grid Share Price Target For 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹495 | ₹554 |
By 2027, Power Grid’s share price is anticipated to climb to ₹495 at the 1st target and ₹554 at the 2nd target. The company’s ability to handle large-scale transmission projects and capitalize on the growing energy demand will drive sustained profitability. Focus on sustainability and green energy projects will also enhance its market position.
Power Grid Share Price Target For 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹575 | ₹642 |
In 2028, Power Grid’s share price is projected to reach ₹575 at the 1st target and ₹642 at the 2nd target. The expansion of cross-border electricity trade and investment in advanced technologies like AI-driven grid management will strengthen its growth trajectory. Additionally, the increasing reliance on renewable energy will require robust transmission networks, favoring Power Grid’s business model.
Power Grid Share Price Target For 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹670 | ₹745 |
By 2029, Power Grid’s share price is expected to achieve ₹670 at the 1st target and ₹745 at the 2nd target. The company’s consistent revenue growth, backed by diversification into new energy-related ventures, will be a key growth driver. Ongoing collaborations with global entities in the energy sector are likely to further enhance its valuation.
Power Grid Share Price Target For 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹777 | ₹864 |
In 2030, Power Grid’s share price is forecasted to touch ₹777 at the 1st target and ₹864 at the 2nd target. As the nation moves closer to achieving ambitious energy goals, Power Grid’s role in ensuring seamless power distribution will remain crucial. Efforts in reducing operational costs and leveraging digital technologies will boost its profitability and appeal to investors.
Power Grid Share Price Target For 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹1405 | ₹1560 |
By 2035, Power Grid’s share price is expected to rise to ₹1,405 at the 1st target and ₹1,560 at the 2nd target. The company’s leadership in energy transmission and its expanding portfolio of high-value projects will support this long-term growth. Innovations in grid reliability and energy storage solutions will position Power Grid as a pivotal player in the global energy landscape.
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Power Grid Share Price Target For 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹2525 | ₹2808 |
By 2040, Power Grid’s share price is projected to reach ₹2,525 at the 1st target and ₹2,808 at the 2nd target. The company is likely to benefit from the complete transformation of the energy sector, including widespread adoption of renewable energy and next-generation grid infrastructure. Its unmatched expertise in power transmission will solidify its standing as a market leader, ensuring sustained growth and profitability.
Power Grid Peers Comparison
| Sector: Power Generation & Distribution | Industry: Power Generation And Supply | ||||
| Name | P/E | Mar Cap ₹Cr. | NP Qtr ₹Cr. | Sales Qtr ₹Cr. | ROCE % |
| NTPC | 15.91 | 351407 | 5380 | 44696 | 10.47 |
| Power Grid Corpn | 20.2 | 316732 | 3793 | 11277 | 13.21 |
| Adani Power | 13.38 | 169936 | 3297 | 13338 | 32.25 |
| Adani Green | 111.4 | 143521 | 515 | 3055 | 9.65 |
| Tata Power Co. | 34.56 | 131168 | 1093 | 15697 | 11.13 |
| JSW Energy | 59.88 | 116794 | 876 | 3237 | 8.59 |
| NTPC Green | 263.99 | 91000 | 175 | 1082 | 7.6 |
Power Grid Ltd Fundamentals
| Metric | Value |
| Market Cap | ₹2,88,644 Cr |
| P/E Ratio (TTM) | 18.37 |
| P/B Ratio | 3.14 |
| Industry P/E | 22.16 |
| Debt to Equity | 1.33 |
| ROE (Return on Equity) | 17.07% |
| EPS (TTM) | 16.89 |
| Dividend Yield | 3.28% |
| 52 Week High | ₹366 |
| 52 Week Low | ₹233 |
| Book Value | 98.98 |
| Face Value | 10 |
Power Grid Ltd Financial Results
| All In ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| Sales | 39,640 | 41,622 | 45,603 | 45,843 | 45,812 |
| Expenses | 4,734 | 5,796 | 6,028 | 6,017 | 6,577 |
| Operating Profit | 34,906 | 35,826 | 39,576 | 39,826 | 39,235 |
| OPM % | 88% | 86% | 87% | 87% | 86% |
| Other Income | 769 | 4,692 | 1,093 | 556 | 1,886 |
| Interest | 8,135 | 8,036 | 9,634 | 8,773 | 8,854 |
| Depreciation | 12,039 | 12,872 | 13,333 | 13,095 | 13,045 |
| Profit before tax | 15,501 | 19,610 | 17,702 | 18,514 | 19,221 |
| Tax % | 22% | 14% | 13% | 16% | |
| Net Profit | 12,036 | 16,824 | 15,420 | 15,573 | 15,712 |
| EPS in Rs | 12.94 | 18.09 | 16.58 | 16.74 | 16.89 |
| Dividend Payout % | 52% | 61% | 67% | 67% | |
| Compounded Sales Growth | Compounded Profit Growth | Stock Price CAGR | |||
| 10 Years: | 11% | 10 Years: | 13% | 10 Years: | 16% |
| 5 Years: | 6% | 5 Years: | 8% | 5 Years: | 25% |
| 3 Years: | 5% | 3 Years: | 8% | 3 Years: | 31% |
| TTM: | 0% | TTM: | 2% | 1 Year: | 63% |
| Return on Equity | |||||
| 10 Years: | 17% | ||||
| 5 Years: | 19% | ||||
| 3 Years: | 19% | ||||
| Last Year: | 19% | ||||
Power Grid Balance Sheet
| All In ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 5,232 | 6,975 | 6,975 | 9,301 | 9,301 |
| Reserves | 64,704 | 69,272 | 76,051 | 77,845 | 82,760 |
| Borrowings | 143,232 | 134,696 | 128,584 | 123,516 | 122,568 |
| Other Liabilities | 42,539 | 40,008 | 40,615 | 40,168 | 40,668 |
| Total Liabilities | 255,708 | 250,950 | 252,225 | 250,829 | 255,297 |
| Fixed Assets | 183,726 | 191,773 | 185,437 | 177,761 | 174,178 |
| CWIP | 24,838 | 12,854 | 13,772 | 18,197 | 23,767 |
| Investments | 1,486 | 3,788 | 3,489 | 4,163 | 3,410 |
| Other Assets | 45,659 | 42,536 | 49,527 | 50,708 | 53,941 |
| Total Assets | 255,708 | 250,950 | 252,225 | 250,829 | 255,297 |
Power Grid Ltd Shareholding Pattern
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters | 51.34% | 51.34% | 51.34% | 51.34% | 51.34% |
| FIIs | 32.01% | 30.51% | 29.82% | 28.73% | 28.26% |
| DIIs | 13.21% | 14.77% | 15.26% | 16.32% | 16.89% |
| Public | 3.44% | 3.37% | 3.58% | 3.61% | 3.50% |
| No. of Shareholders | 9,31,366 | 9,61,585 | 11,00,850 | 13,17,077 | 13,29,741 |
Power Grid Ltd Dividend History
| Ex-Date | Dividend Amount | Dividend Type | Record Date |
| 14-11-2024 | 4.5 | INTERIM | 14-11-2024 |
| 16-08-2024 | 2.75 | FINAL | 16-08-2024 |
| 15-02-2024 | 4.5 | INTERIM | 15-02-2024 |
| 16-11-2023 | 4 | INTERIM | 16-11-2023 |
| 08-08-2023 | 4.75 | FINAL | 08-08-2023 |
| 08-02-2023 | 5 | INTERIM | 08-02-2023 |
| 14-11-2022 | 5 | INTERIM | 15-11-2022 |
| 19-08-2022 | 2.25 | FINAL | 22-08-2022 |
| 16-02-2022 | 5.5 | INTERIM | 17-02-2022 |
| 22-12-2021 | 3 | SPECIAL | 23-12-2021 |
| 22-12-2021 | 4 | INTERIM | 23-12-2021 |
| 08-09-2021 | 3 | FINAL | 09-09-2021 |
| 08-03-2021 | 4 | INTERIM | 09-03-2021 |
| 17-12-2020 | 5 | INTERIM | 19-12-2020 |
| 02-09-2020 | 4.04 | FINAL | 04-09-2020 |
| 16-03-2020 | 5.96 | INTERIM | 17-03-2020 |
| 19-08-2019 | 2.5 | FINAL | 21-08-2019 |
| 14-03-2019 | 5.83 | INTERIM | 15-03-2019 |
| 10-09-2018 | 2.8 | FINAL | 12-09-2018 |
| 08-02-2018 | 2.45 | INTERIM | 09-02-2018 |
| 11-09-2017 | 3.35 | FINAL | 13-09-2017 |
| 16-02-2017 | 1 | INTERIM | 17-02-2017 |
| 08-09-2016 | 1.51 | FINAL | 10-09-2016 |
| 03-02-2016 | 0.8 | INTERIM | 04-02-2016 |
| 07-09-2015 | 1.31 | FINAL | 09-09-2015 |
| 09-03-2015 | 0.69 | INTERIM | 10-03-2015 |
| 04-09-2014 | 1.31 | FINAL | 06-09-2014 |
| 04-03-2014 | 1.27 | INTERIM | 05-03-2014 |
| 05-09-2013 | 1.14 | FINAL | 07-09-2013 |
| 15-02-2013 | 1.61 | INTERIM | 19-02-2013 |
| 05-09-2012 | 1.31 | FINAL | 07-09-2012 |
| 13-02-2012 | 0.8 | INTERIM | 14-02-2012 |
| 06-09-2011 | 1.25 | FINAL | 08-09-2011 |
| 11-02-2011 | 0.5 | INTERIM | 14-02-2011 |
| 07-09-2010 | 1 | FINAL | 09-09-2010 |
| 11-01-2010 | 0.5 | INTERIM | 12-01-2010 |
| 21-08-2009 | 0.7 | FINAL | 23-08-2009 |
| 04-02-2009 | 0.5 | INTERIM | 05-02-2009 |
| 01-09-2008 | 0.7 | FINAL | 04-09-2008 |
| 10-03-2008 | 0.5 | INTERIM | 11-03-2008 |
Power Grid Ltd Bonus History
| Announcement Date | Ex-Bonus Date | Bonus Ratio | Remarks |
| 31 Jul, 2023 | 12 Sep, 2023 | 1:3 | For every 3 share held; Holder will receive 1 bonus shares. |
| 17 Jun, 2021 | 29 Jul, 2021 | 1:3 | For every 3 share held; Holder will receive 1 bonus shares. |
FAQs
Q.1. What is the share price target for Power Grid in 2025?
Ans: The share price targets for Power Grid in 2025 are ₹365 for the first target and ₹411 for the second target. These targets reflect expectations of steady growth driven by the company’s role in India’s power transmission sector.
Q.2. What are the projected share price targets for Power Grid in 2026?
Ans: For 2026, the share price targets are ₹420 for the first target and ₹477 for the second target. These figures suggest a positive outlook as Power Grid continues to expand its infrastructure and efficiency.
Q.3. What is the anticipated share price target for Power Grid in 2027?
Ans: In 2027, Power Grid’s share price targets are ₹495 for the first target and ₹554 for the second target. This growth projection reflects the company’s strong market position and ongoing development initiatives.
Q.4. What are the share price targets for Power Grid in 2028?
Ans: The share price targets for Power Grid in 2028 are ₹575 for the first target and ₹642 for the second target. These targets highlight the company’s steady progress in scaling its operations to meet growing energy demands.
Q.5. What is the forecast for Power Grid’s share price in 2029?
Ans: By 2029, the share price targets are ₹670 for the first target and ₹745 for the second target. These predictions are based on expectations of stable performance and continued government support for the power sector.
Q.6. What are the share price targets for Power Grid in 2030?
Ans: In 2030, the share price targets for Power Grid are ₹777 for the first target and ₹864 for the second target. These values indicate robust long-term growth potential, supported by investments in technology and infrastructure.
Q.7. What are the long-term share price targets for Power Grid in 2035?
Ans: The share price targets for Power Grid in 2035 are ₹1405 for the first target and ₹1560 for the second target. These long-term projections suggest the company’s ability to sustain growth by capitalizing on its core business strengths.
Q.8. What is the share price target for Power Grid in 2040?
Ans: For 2040, the share price targets are ₹2525 for the first target and ₹2808 for the second target. These targets reflect expectations of consistent expansion and adaptation to future energy requirements.
Q.9. Is Power Grid a good buy for the long term?
Ans: Yes, Power Grid is considered a good long-term investment due to its consistent performance, strategic role in India’s power sector, and government backing. Its reliable dividend payouts and focus on expanding the power transmission network make it a promising option for long-term investors.
Q.10. Is it safe to invest in Power Grid?
Ans: Power Grid is viewed as a relatively safe investment, given its stable business model, government ownership, and focus on a critical infrastructure sector. However, like all investments, it carries some level of risk, so investors should perform due diligence before committing funds.
Q.11. Is Power Grid a debt-free company?
Ans: No, Power Grid is not a debt-free company. However, its debt levels are manageable due to its strong revenue generation and profitability, enabling it to effectively service its debt obligations.
Q.12. Is Power Grid giving bonus shares?
Ans: Yes, Power Grid has issued bonus shares in the past. The most recent bonus issues were:
- 12th September 2023: 1:3 (one bonus share for every three shares held)
- 29th July 2021: 1:3 (one bonus share for every three shares held)
Q.13. Should I invest in Power Grid based on these targets?
Ans: While the targets indicate promising growth, investment decisions should be based on comprehensive research. Evaluate Power Grid’s financial stability, growth strategies, and market position. Consulting a financial advisor can help tailor investment decisions to your goals and risk tolerance.
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