Power Grid Corporation of India Financial Statements

Name: Power Grid Corporation of India Financials — historical data
Creator: StockeZee

For Mar 2026, Power Grid Corporation of India reported revenue of ₹46,733 crore and net profit of ₹15,928 crore. Return on equity stands at 16.50%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹46,733 Cr
EBITDA: ₹37,979 Cr
Operating margin: 81.27%
Profit after tax: ₹15,928 Cr
Net margin: 34.08%
EPS: ₹17.13
Latest year: Mar 2026
Years reported: 9

Power Grid Corporation of India profit & loss

Reported annual performance for Power Grid Corporation of India, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Power Grid Corporation of India annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	29,941	35,059	37,744	39,640	41,616	45,581	45,843	45,792	46,733
Sales Growth YoY %	—	17.09%	7.66%	5.02%	4.99%	9.53%	0.57%	-0.11%	2.05%
Other Income	489	602	927	1,184	1,082	1,024	1,070	1,667	952
Total Income	30,431	35,661	38,671	40,824	42,698	46,606	46,913	47,459	47,684
Gross Profit	29,941	35,059	37,744	39,640	41,616	45,581	45,843	45,792	46,733
Gross Margin %	100%	100%	100%	100%	100%	100%	100%	100%	100%
Total Operating Expenses	3,837	4,839	4,803	4,647	5,049	6,103	5,940	6,727	8,754
Employee Benefit Expense	1,606	1,784	1,960	2,115	2,244	2,509	2,434	2,604	2,669
Other Expenses	2,231	3,055	2,844	2,532	2,806	3,595	3,506	4,123	6,085
EBITDA	26,105	30,221	32,940	34,993	36,567	39,478	39,903	39,065	37,979
OPM %	87.19%	86.2%	87.27%	88.28%	87.87%	86.61%	87.04%	85.31%	81.27%
Total Non-Operating Expenses	16,555	19,278	21,116	19,095	24,228	22,967	21,868	21,604	21,477
Depreciation & Amortisation	9,231	10,541	11,607	12,039	12,872	13,333	13,095	12,904	13,030
Finance Costs	7,324	8,737	9,509	8,135	8,036	9,634	8,773	8,700	8,448
Exceptional Items (Before Tax)	0	0	0	-1,079	3,320	0	0	0	0
Profit Before Tax (PBT)	10,039	11,545	12,752	14,924	20,061	17,535	19,105	19,128	17,453
Tax Expense	2,195	-886	3,531	3,464	2,786	2,285	2,941	3,773	-1,381
Current Tax	2,248	2,568	2,320	2,509	3,314	2,945	3,338	3,362	3,199
Deferred Tax	-52	-3,454	1,210	956	-528	-660	-397	410	-4,581
Effective Tax %	21.87%	-7.68%	27.69%	23.21%	13.89%	13.03%	15.39%	19.72%	-7.91%
Total Profit for Period	8,198	10,034	11,059	12,036	16,824	15,417	15,573	15,521	15,928
Net Profit (Owner's PAT)	8,198	10,034	11,059	12,036	16,824	15,417	15,573	15,521	15,928
Net Profit Margin %	27.38%	28.62%	29.3%	30.36%	40.43%	33.82%	33.97%	33.9%	34.08%
PAT Growth YoY %	—	22.39%	10.22%	8.83%	39.78%	-8.36%	1.01%	-0.33%	2.62%
Earnings Per Share (EPS)	₹8.81	₹10.79	₹11.89	₹12.94	₹18.09	₹16.58	₹16.74	₹16.69	₹17.13
Diluted Shares Outstanding (Cr.)	930	930	930	930	930	930	930	930	930
Profit/Loss from Associates	148	129	155	215	78	-82	-20	-110	-132
Other Comprehensive Income (Net of Tax)	14	-16	-104	25	291	-105	-235	-236	266
Expenses	20,392	24,116	25,919	25,899	22,637	29,070	27,808	28,331	30,231
Material Cost %	0%	0%	0%	0%	0%	0%	0%	0%	0%
Employee Cost %	5.36%	5.09%	5.19%	5.33%	5.39%	5.5%	5.31%	5.69%	5.71%
Other Cost %	7.45%	8.71%	7.53%	6.39%	6.74%	7.89%	7.65%	9%	13.02%
Interest Coverage (x)	2.3	2.25	2.24	2.82	2.95	2.71	3.06	3.01	2.95

Power Grid Corporation of India revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Power Grid Corporation of India balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Power Grid Corporation of India annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	59,088	64,695	69,936	76,247	83,015	87,145	92,663	1,00,494
Equity Share Capital	5,232	5,232	5,232	6,975	6,975	9,301	9,301	9,301
Reserves & Surplus	53,857	59,464	64,704	69,272	76,039	77,845	83,362	91,193
Equity Method Investments	1,167	1,332	1,347	1,861	1,715	2,039	1,883	1,324
Total Equity	59,088	64,695	69,936	76,247	83,015	87,145	92,663	1,00,494
Non-Current Liabilities	1,55,654	1,61,876	1,55,200	1,39,382	1,39,139	1,29,325	1,33,199	1,40,435
Long-term Borrowings	1,31,330	1,35,421	1,29,175	1,14,199	1,13,891	1,05,067	1,09,858	1,21,072
Deferred Tax Liabilities	10,018	11,229	11,837	11,357	10,679	—	10,705	6,155
Non-Current Provisions	368	425	462	517	578	644	727	800
Other Non-Current Liabilities	9,944	11,279	10,101	9,757	10,364	9,686	8,293	8,687
Non-Current Financial Liabilities	1,35,324	1,38,944	1,32,800	1,17,750	1,17,518	1,08,696	1,13,474	1,24,793
Current Liabilities	32,615	30,082	30,249	35,315	28,142	34,421	40,245	51,196
Short-term Borrowings	4,300	3,000	1,800	20,466	12,704	18,382	21,107	26,937
Trade Payables	365	227	187	267	328	371	620	956
Current Financial Liabilities	28,025	25,011	25,094	30,910	23,747	30,369	35,195	46,311
Other Current Financial Liabilities	23,360	21,784	23,106	10,177	10,716	11,616	13,467	18,418
Other Current Liabilities	3,889	4,306	3,885	3,228	3,326	3,213	4,253	4,062
Current Provisions	701	742	845	1,167	1,016	827	631	786
Liabilities Held for Sale	—	—	364	—	—	—	—	2,602
Current Tax Liabilities	—	23	426	9	53	12	166	38
Total Liabilities	1,88,269	1,91,958	1,85,813	1,74,696	1,67,281	1,63,745	1,73,444	1,94,233
Total Non-Current Assets	2,21,612	2,28,418	2,19,731	2,18,389	2,15,393	2,14,296	2,26,731	2,54,598
Property, Plant & Equipment (PPE)	1,71,058	1,79,450	1,82,109	1,90,048	1,83,777	1,76,223	1,70,886	1,74,970
Capital Work-in-Progress	37,388	34,904	24,680	12,800	13,741	18,082	33,269	43,654
Intangible Assets	1,682	1,662	1,617	1,724	1,660	1,538	1,434	1,560
Investment Property	0	0	0	—	—	—	—	—
Non-Current Investments	130	99	139	1,926	1,774	1,516	1,234	1,420
Loans – Non-Current	188	272	323	406	446	571	583	596
Other Non-Current Assets	5,209	6,326	4,925	4,978	5,561	6,024	7,205	9,686
Non-Current Financial Assets	4,866	4,471	4,895	6,924	8,908	10,214	11,649	23,256
Net Fixed Assets	2,10,128	2,16,017	2,08,406	2,04,573	1,99,178	1,95,842	2,05,589	2,20,185
Total Current Assets	17,662	18,112	18,742	22,360	24,408	26,792	29,499	30,658
Inventories	1,247	1,433	1,367	1,357	1,340	1,406	1,803	2,126
Trade Receivables	4,728	5,041	3,676	9,475	12,961	11,540	7,965	11,673
Cash & Cash Equivalents	3,648	4,840	4,487	2,577	5,192	3,464	3,797	5,281
Current Investments	—	—	—	—	—	608	—	251
Loans – Current	131	152	127	99	107	132	134	139
Current Financial Assets	16,077	16,450	17,200	20,779	22,838	24,818	27,320	27,945
Other Current Assets	338	228	175	224	230	568	377	533
Other Current Financial Assets	6,881	5,818	8,039	6,157	2,385	5,042	9,144	6,962
Assets Held for Sale	—	—	6,701	261	261	261	—	2,956
Current Tax Assets	—	—	—	—	—	—	—	54
Net Working Capital	-14,953	-11,970	-11,507	-12,955	-3,735	-7,629	-10,746	-20,538
Additional Asset Fields	8,083	10,123	10,575	9,933	10,234	19,902	9,966	6,570
Def Govt Grants Nc	—	—	—	—	—	10,299	—	—
Def Tax Assets	—	—	—	—	—	62	89	54
Reg Def Debit	8,083	10,123	10,575	9,933	10,234	9,542	9,877	6,515
Total Assets	2,47,358	2,56,653	2,55,749	2,50,943	2,50,296	2,50,891	2,66,107	2,94,727
Total Borrowings	1,35,630	1,38,421	1,30,975	1,34,665	1,26,595	1,23,449	1,30,965	1,48,009
Net Debt	1,31,982	1,33,581	1,26,488	1,32,088	1,21,403	1,19,985	1,27,168	1,42,728
Debt to Equity (x)	2.3	2.14	1.87	1.77	1.52	1.42	1.41	1.47
Current Ratio (x)	0.54	0.6	0.62	0.63	0.87	0.78	0.73	0.6

Power Grid Corporation of India cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Power Grid Corporation of India annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	26,124	38,005	37,290	36,223	40,931
Profit Before Tax	20,061	17,535	19,105	19,128	17,453
Depreciation & Amortisation	12,872	13,333	13,095	12,904	13,030
Finance Costs	8,036	9,634	8,773	8,700	8,448
Working Capital Changes	-6,351	619	1,053	709	5,689
Tax Paid	-3,719	-2,853	-3,381	-3,179	-3,166
Net Cash from Investing Activities	753	-6,126	-13,114	-23,533	-35,305
Purchase of PPE	-7,632	-5,242	-9,323	-22,614	-37,279
Sale of Fixed Assets	0	0	0	23	31
Interest Received	238	206	349	485	383
Net Cash from Financing Activities	-28,967	-29,264	-25,903	-12,357	-4,006
Proceeds from Borrowings	9,985	20,985	8,053	19,324	29,457
Repayment of Borrowings	-19,311	-31,986	-13,370	-12,686	-15,537
Interest Paid	-8,821	-9,710	-9,357	-9,221	-9,535
Dividend Paid	-10,812	-8,545	-11,219	-9,766	-8,371
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-8	-9	-10	-9	-20
Net Change in Cash	-2,091	2,615	-1,728	333	1,619
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	18,491	32,763	27,966	13,609	3,651
CFO / PBT (x)	1.3	2.17	1.95	1.89	2.35

Power Grid Corporation of India key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Power Grid Corporation of India valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	16.68
Forward P/E	Valuation	14.53
P/B	Valuation	2.64
PEG (TTM)	Valuation	-5.33
EV / EBITDA (TTM)	Valuation	10.28
P/S (TTM)	Valuation	5.69
Operating margin	Profitability	75%
Net margin (TTM)	Profitability	34.72%
Return on equity	Return ratios	16.5%
Return on capital employed	Return ratios	9.74%
Return on assets	Return ratios	5.56%
Debt to equity	Leverage & liquidity	1.47
Beta	Leverage & liquidity	0.94
EPS (TTM)	Per share	₹20.31
Book value	Per share	₹108.09
Revenue / share (TTM)	Per share	₹51.11
Cash flow / share	Per share	₹44.01
Dividend yield	Shareholder returns	4.33%
Dividend payout (TTM)	Shareholder returns	44.75%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Power Grid Corporation of India: frequently asked questions

What is Power Grid Corporation of India's annual revenue?

Power Grid Corporation of India reported revenue of ₹46,733 crore in Mar 2026, up 2.1% on the previous financial year.

Is Power Grid Corporation of India profitable?

Power Grid Corporation of India reported a net profit of ₹15,928 crore in Mar 2026, up 2.6% on the previous financial year.

What is Power Grid Corporation of India's EPS?

Power Grid Corporation of India reported earnings per share of ₹17.13 for Mar 2026.

What is Power Grid Corporation of India's operating margin?

Power Grid Corporation of India's operating margin for Mar 2026 was 81.27%.

What is Power Grid Corporation of India's return on equity?

Power Grid Corporation of India's return on equity stands at 16.50%. ROE measures profit generated per rupee of shareholder equity.

How many years of Power Grid Corporation of India financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Power Grid Corporation of India Ltd (POWERGRID) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.