POWER GRID CORPORATION LTD
Powergrid is mainly engaged in the business of transmission of power through its EHVAC/HVDC transmission network. The company has diversified into telecom business by leveraging its Pan India transmission network through stringing of optical ground wire(OPGW).
Key Business
- Transmission Charges
- Consultancy
- Telecom
Shareholding Pattern
- PUBLIC GROUP
- PROMOTER GROUP
Financial Summary
| Particulars | March 2024 | March 2023 | March 2022 |
| Sales | 45,843 | 45,581 | 41,622 |
| Sales Growth % | 0.57% | 9.51% | 5.00% |
| Expenses | 6,531 | 7,001 | 5,796 |
| Operating Profit | 39,312 | 38,580 | 35,826 |
| OPM % | 86% | 85% | 86% |
| Net Profit | 15,573 | 15,417 | 16,824 |
| EPS in Rs | 16.74 | 16.58 | 18.09 |
Synopsis of Financials
- Q4 FY24 income was Rs. 12,254 crore with a profit of Rs. 4,128 crore.
- Total FY24 income was Rs. 45,815 crore with a profit of Rs. 15,475 crore.
- EBITDA margin around 85-87%.
- Capitalization target for FY25 around Rs. 17,000 crore.
- Operational efficiency with high availability and low tripping rates.
- Expected growth in CapEx and profitability.
- Market cap growth from 1 lakh crore in 2016 to over 3 lakh crore in 2024.
- Future outlook positive with potential for increased projects and revenue.
Final Outlook
I would recommend selling this stock as the peers are in much advantage while seeing their ratios and already this stock price is near to 52 week high This company’s assets are also decreasing company’s expenses are increasing profit for the period has been declining. Comparing for the different quarters also revenue is decreasing.
State-owned Power Grid Corporation shares slipped over five per cent on Thursday, May 23, a day after the PSU firm reported a nearly four per cent dip in its consolidated net profit to Rs 4,166.33 crore in the March 2024 quarter, mainly due to a marginal decline in income.
The power PSU stock fell as much as 5.1 per cent to the day’s low of Rs 309 on NSE. The stock closed at Rs 319, down 2.07 per cent on NSE.
Power Grid’s total income declined to Rs 12,305.39 crore in the quarter as compared to Rs 12,557.44 crore.
POWER-GRID-CORPORATION-LTD