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Utilities

Power Grid Corp. of India Ltd.

  • 189.80 INR
  • +2.60
  • +1.39%
  • India
    Aug 17, 2018
  • Ticker
    BOM(532898)
  • Prev. close
    187.20
  • Market cap (INR)
    979,354M
  • Market cap (USD)
    13,931.80M
  • Shares
    5,231.59M

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.

Business Summary

Power Grid Corp. of India Ltd. is a holding company, which engages in the transmission business. It operates through the following segments: Transmission, Telecom and Consultancy. The Transmission segment gives power across different states of India. The Telecom segment provides point to point bandwidth leasing business. The Consultancy segment involves in the in-house expertise in the transmission, distribution and telecom sectors. The company was founded on October 23, 1989 and is headquartered in Guragaon, India.

Financial Highlights

Mar 2018 INRUSD
Revenue299,414.90M4,644.53M
Gross Profit191,046.10M2,963.51M
Operating income168,737.10M2,617.45M
Income before tax100,386.20M1,557.19M
Net income81,983.10M1,271.72M
EBITDA261,047M4,049.37M
Diluted EPS15.670.24
Dividends Per Share----
Total Assets2,143.26B32,861.25M
Total liabilities1,599.00B24,516.48M
Total equity544,259.90M8,344.76M
Operating cash flow----
Currency in INRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 154,776.80M 174,690.80M 206,520.80M 257,039.10M 299,414.90M
Gross Profit 96,473.50M 104,958.50M 128,417.70M 157,582.70M 191,046.10M
Operating income 91,282.20M 98,886.30M 122,021.20M 150,115.40M 168,737.10M
Income before tax 63,590M 64,041.10M 74,563.50M 92,453.20M 100,386.20M
Net income 45,475.80M 50,462.50M 59,586.10M 74,507.30M 81,983.10M
EBITDA 132,076M 150,619.60M 183,839.40M 227,337.90M 261,047M
Diluted EPS 9.47 9.65 11.39 14.24 15.67
Dividends Per Share 2.58 2 2.31 4.35 --
Total Assets 1,423.64B 1,623.32B 1,893.77B 2,104.53B 2,143.26B
Total liabilities 1,100.60B 1,266.60B 1,492.35B 1,635.62B 1,599.00B
Total equity 322,073.70M 355,971.90M 401,421.60M 468,905.90M 544,259.90M
Operating cash flow 125,054.70M 124,869.50M 103,543.50M 160,108.60M --
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 2,561.07M 2,857.06M 3,154.39M 3,833.13M 4,644.53M
Gross Profit 1,596.33M 1,716.59M 1,961.44M 2,349.97M 2,963.51M
Operating income 1,510.43M 1,617.28M 1,863.74M 2,238.62M 2,617.45M
Income before tax 1,052.21M 1,047.39M 1,138.88M 1,378.72M 1,557.19M
Net income 752.48M 825.31M 910.11M 1,111.10M 1,271.72M
EBITDA 2,185.44M 2,463.38M 2,807.95M 3,390.21M 4,049.37M
Diluted EPS 0.15 0.15 0.17 0.21 0.24
Dividends Per Share 0.04 0.03 0.03 0.06 --
Total Assets 23,837.69M 25,939.44M 28,597.19M 32,409.82M 32,861.25M
Total liabilities 18,428.73M 20,239.39M 22,535.48M 25,188.66M 24,516.48M
Total equity 5,392.83M 5,688.15M 6,061.70M 7,221.15M 8,344.76M
Operating cash flow 2,069.26M 2,042.23M 1,581.52M 2,387.64M --

Valuation Measures

Mar 2018
PER12.37
ROA3.86%
ROE16.18%
Operating margin56.35%
Profit margin27.38%

Key executives

  • Chairman & Managing Director: Indu Shekhar Jha
  • Operations Director & Executive Director: Seema Gupta
  • Director & Finance-Director: K. Sreekant
  • Co-Secretary & Compliance Officer: Divya Tandon
  • Executive Director & Director-Personnel: Ravi Prakash Singh

Shareholders

  • Government of India (56.2%)
  • Life Insurance Corp. of India (7.4%)
  • ICICI Prudential Asset Management Co. Ltd. (3.0%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.0%)
  • Comgest SA (2.4%)
  • Vontobel Asset Management, Inc. (1.3%)
  • Capital Research & Management Co. (Global Investors) (1.1%)
  • T. Rowe Price International Ltd. (0.9%)
  • BlackRock Fund Advisors (0.8%)
  • Wellington Management Co. LLP (0.5%)

Contact Details

Related Companies

  • POWERGRID Warora Transmission Ltd.
  • POWERGRID Southern Interconnector Transmission System Ltd.
  • POWERGRID Jabalpur Transmission Ltd.
  • Unchahar Transmission Ltd.
  • POWERGRID VIZAG Transmission Ltd.
  • Nagapattinam-Madhugiri Transmission Co. Ltd.
  • Vemagiri Transmission System Ltd.
  • Power System Operation Corp. Ltd.
  • Parbati Koldam Transmission Co. Ltd.

Competitors

    Last Updated on 17 Aug, 2018

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