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HomeSHARE MARKETMassive 40%, 80%, 300% Return Government Share; Now Important Decision Taken

Massive 40%, 80%, 300% Return Government Share; Now Important Decision Taken

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Power Grid Corporation of India Ltd (NSE: POWERGRID) Share: The bullish trend in the company’s shares continues. The stock has increased by 40 percent in three months. It has increased by 80 percent in one year and 300 percent in three years.

Now approval has been given in the board meeting to raise money through NCD. The company will raise Rs 1200 crore. 

NCD i.e. Non-Convertible Debentures are which cannot be converted into equity shares or shares. The debenture is a longer-term financial instrument used by companies to raise funds. 

Companies pay fixed interest for investors around this. The amount of interest paid on NCDs is different based on the business.

Investors first have to check whether the NCD is secured or unsecured. If you’re looking to lower your risk, you should consider investing in NCDs that are secured. 

Before you invest in NCD it is important to know what interest rate the business offers you. Before investing, also check for what the company is raising money for.

On Monday, the company’s shares opened at Rs 288.00 against the closing price of Rs 294.60. After this, the share reached Rs 297.

About Power Grid Corporation of India Ltd Company 

Power Grid Corporation of India Limited is a company in India that deals with the transmission of power. 

The company provides consultancy, planning, implementation, maintenance, and operation of Inter-State Transmission Systems and telecom services. 

It is a Maharatna PSU and India’s largest electric transmission company. The company has three segments: Consultancy Services, Transmission Services, and Telecom Services. 

Consultancy services: consulting in the distribution, telecom, and transmission sectors. 

This includes financing, design, load dispatching, engineering, optical-ground wire (OPGW), intrastate transmission networks, operations and maintenance, procurement, and project management. 

Transmission Services: Transmit bulk power using extra-high voltage/high voltage networks (EHV/HV). 

The company was founded in 1989. The total operating revenue of the company is Rs 43343.05 Crores. Its equity capital is at Rs 6975.45 Crores.

Fundamental Analysis of Power Grid Corporation of India Ltd

Market Cap₹ 2,73,995 Cr.
Current Price₹ 295
52-wk High₹ 297
52-wk Low₹ 164
Stock P/E17.4
Book Value₹ 93.4
Dividend3.75 %
ROCE13.1 %
ROE19.6 %
Face Value₹ 10.0
P/B Value3.15
OPM86.8 %
EPS₹ 16.9
Debt₹ 1,19,892 Cr.
Debt to Equity1.38

Power Grid Corporation of India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 312₹ 341
2025₹ 350₹ 365
2026₹ 376₹ 432
2027₹ 435₹ 489
2028₹ 500₹ 521
2029₹ 525₹ 534
2030₹ 564₹ 612
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Power Grid Corporation of India Ltd Shareholding Pattern

Promoters Holding
Dec 202251.34%
Mar 202351.34%
June 202351.34%
Sept 202351.34%
Dec 202351.34%
FII Holding
Dec 202232.76%
Mar 202332.30%
June 202333.14%
Sept 202332.01%
Dec 202330.51%
DII Holding
Dec 202212.73%
Mar 202313.39
June 202312.55%
Sept 202313.21%
Dec 202314.77%
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Public Holding
Dec 20223.18%
Mar 20232.99%
June 20232.95%
Sept 20233.44%
Dec 20233.37%

Power Grid Corporation of India Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 35,059 Cr
2020₹ 37,744 Cr
2021₹ 39,640 Cr
2022₹ 41,622 Cr
2023₹ 46,129 Cr

Last 5 Years’ Net Profit:

2019₹ 10,034 Cr
2020₹ 11,059 Cr
2021₹ 12,036 Cr
2022₹ 16,824 Cr
2023₹ 15,730 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20192.3
20202.14
20211.87
20221.77
20231.52

Last 10 Years’ Profit Growth:

10 Years:14%
5 Years:26%
3 Years:17%
Current Year:5%

Last 10 years’ Return on Equity (ROE):

10 Years:17%
5 Years:19%
3 Years:19%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:13%
5 Years:9%
3 Years:6%
Current Year:5%

Conclusion

This article is a complete guide about Power Grid Corporation of India Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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