Asia300

Power Grid Corp. of India Ltd.

India

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Mar 23, 2017
Prev close: 193
Mar 23, 2017
Market cap:
Market cap(USD):
1,009.69B
15,404.63M
Shares: 5,231.58M

Currency in INR

Company profile

Market(Ticker): BOM(532898)
Sector:
Industry:
Utilities
Electric Utilities
Full time employees: 8,914

Business summary

Power Grid Corp. of India Ltd. engages in the power transmission business. It operates through the following segments: Power Transmission, Telecommunications and Consultancy. The Power Transition segment constructs, operates, and maintains interstate and inter-regional electric power transmission across India. The Telecommunication segment provides national long distance telecommunications operations and overhead optic fiber networks on power transmission lines. The Consultancy segment provides consultancy services in the field of power transmission, sub-transmission, distribution, load dispatch, and communication and telecommunication sectors to state-owned utilities, private utilities, central public sector undertakings, and government departments. The company was founded on October 23, 1989 and is headquartered in Guragon, India.

Company background

Power Grid Corp. of India is the nation's largest electric power transmission utility, producing 50% of the power generated in the country. The Indian government holds around 60% of its shares. It handles the entire grid management and operation in the country through its 100% subsidiary Power System Operation Corp. The company is also involved in transmission-related consulting, with footprints in 18 countries, and owns and operates an intercity telecom network in India.

I. S. Jha, Director (Projects) of Power Grid Corp., has been holding additional charge of chairman and managing director following the retirement of R. N. Nayak on Sep. 30. An electrical engineer by qualification, Jha was appointed a director of the company's Board in 2009. He is a well-known electrical power system professional and has published numerous articles and technical papers on the subject.

The company, set up under the administrative control of the Power Ministry, was originally known as the National Power Commission, which came into being in October 1989 after the government decided to integrate operations of all central and regional transmission systems, and got its current name in October 1992. With six fully-owned subsidiaries and 12 joint ventures, it is now exploring business opportunities in areas such as smart city projects and green energy corridors.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 211,690.1M
Gross profit 130,278.6M
Operating income 122,679.9M
Income before tax 76,449.5M
Net income 60,145.6M
EBITDA 185,701.7M
Diluted EPS 11.5
Dividends per share 2.31
Total assets 1,842.80B
Total liabilities 1,450.33B
Total equity 391,359.3M
Operating cash flow 123,489M

Currency in INR

Revenue 3,233.34M
Gross profit 1,989.87M
Operating income 1,873.80M
Income before tax 1,167.68M
Net income 918.66M
EBITDA 2,836.40M
Diluted EPS 0.17
Dividends per share 0.03
Total assets 27,827.40M
Total liabilities 21,901.00M
Total equity 5,909.76M
Operating cash flow 1,886.16M

Currency in USD

Valuation measures

Mar 2016

PER 12.09
ROA 3.47%
ROE 16.09%
Operating margin 57.95%
Profit margin 28.41%

Key executive

  • Chairman & Managing Director: Indu Shekhar Jha
  • Executive Director, Director-Operations & Projects: R. P. Sasmal
  • Director & Finance Director: K. Sreekant
  • Secretary & Compliance Officer: Divya Tandon
  • Executive Director & Personnel Director: Ravi Prakash Singh

Share holders

  • Government of India(57.8%)
  • Capital Research & Management Co. (World Investors)(3.6%)
  • Comgest S.A.(2.5%)
  • Capital Research & Management Co. (Global Investors)(2.3%)
  • Life Insurance Corp. of India(2.3%)
  • ICICI Prudential Asset Management Co. Ltd.(1.4%)
  • HDFC Asset Management Co. Ltd.(1.2%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(1.2%)
  • Fidelity Management & Research Co.(0.9%)
  • Capital International Ltd.(0.8%)

Address

  • Website: http://www.powergridindia.com
  • Address: Saudamini, Near IFFCO Chowk, Gurgaon, 122001, India
  • Phone: +91.124.2571700

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