2. Is Power Grid Corporation Of India Ltd undervalued or overvalued?
The key valuation ratios of Power Grid Corporation Of India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
3. Is Power Grid Corporation Of India Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Power Grid Corporation Of India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
10 Year X-Ray of Power Grid Corp:
Analysis of Financial Track Record
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Power Grid Corporation Of India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
Value Creation Index Colour Code Guide
ⓘ
Mar'15
Mar'16
Mar'17
Mar'18
Mar'19
Mar'20
Mar'21
Mar'22
Mar'23
Mar'24
TTM
ROCE % ⓘ
10.2%
8.9%
9.9%
11.7%
9.2%
11.5%
11.2%
13%
12.9%
12.9%
-
Value Creation Index ⓘ
-0.1
-0.2
-0.1
0.0
-0.2
0.0
-0
0.2
0.2
0.2
-
Growth Parameters ⓘ
Growth Parameters Colour Code Guide
ⓘ
Sales ⓘ
17,659
20,652
25,697
29,954
35,059
37,744
39,640
41,622
45,603
45,843
45,792
Sales YoY Gr.
-
17%
24.4%
16.6%
17%
7.7%
5%
5%
9.6%
0.5%
-
Adj EPS ⓘ
5.4
6.4
8
6.5
12.8
10.8
13.4
16
16.8
17.2
16.7
YoY Gr.
-
18.5%
24.4%
-18.6%
97.5%
-15.6%
23.7%
19.9%
4.6%
2.9%
-
BVPS (₹) ⓘ
41.3
43.1
53.6
58.5
63.5
69.6
75.2
82
89.3
93.7
99.6
Adj Net Profit ⓘ
5,019
5,950
7,407
6,026
11,903
10,048
12,426
14,895
15,582
16,021
15,523
Cash Flow from Ops. ⓘ
15,800
15,008
21,575
22,710
23,271
30,739
29,403
26,124
40,203
37,290
-
Debt/CF from Ops. ⓘ
6.1
7.2
5.5
5.8
6.3
4.8
4.9
5.2
3.2
3.3
-
CAGR ⓘ
CAGR Colour Code Guide
ⓘ
9 Years
5 Years
3 Years
1 Years
Sales ⓘ
11.2%
5.5%
5%
0.5%
Adj EPS ⓘ
13.8%
6.1%
8.9%
2.9%
BVPSⓘ
9.5%
8.1%
7.6%
5%
Share Price
14.3%
27.2%
20.2%
-8.4%
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide
ⓘ
Mar'15
Mar'16
Mar'17
Mar'18
Mar'19
Mar'20
Mar'21
Mar'22
Mar'23
Mar'24
TTM
Return on Equity % ⓘ
13.7
14.4
15.8
11.6
21
16.2
18.5
20.4
19.6
18.8
17.3
Op. Profit Mgn % ⓘ
99.5
88.5
87.9
87.8
86.9
87.9
88.5
88
87.7
87.2
85.3
Net Profit Mgn % ⓘ
28.4
28.8
28.8
20.1
34
26.6
31.4
35.8
34.2
35
33.9
Debt to Equity ⓘ
2.5
2.7
2.4
2.4
2.5
2.3
2.1
1.8
1.6
1.4
1.2
Working Cap Days ⓘ
417
362
316
366
384
393
391
405
411
407
130
Cash Conv. Cycle ⓘ
36
39
40
43
47
53
73
87
101
109
-31
Recent Performance Summary
Debt to equity has declined versus last 3 years average to 1.42
Return on Equity has declined versus last 3 years average to 17.00%
Sales growth has been subdued in last 3 years 4.97%
Net Profit has been subdued in last 3 years 8.85%
Sales growth is not so good in last 4 quarters at -0.14%
Latest Financials - Power Grid Corporation Of India Ltd.
Projects in Hand: Power Grid currently has projects worth Rs.1,43,749 crore in its pipeline. Of this, Rs.1,00,000 crore worth of projects are expected to be commissioned within the next three years, while the remaining will be completed over the next 3-4 years.
Beneficiary of National Electricity Plan: Under the National Electricity Plan (NEP), a substantial capex is planned for the transmission sector until FY32. Power Grid is well-positioned to benefit from this, as it accounts for 25% of the total transmission line additions across India.
Revised Capex for FY25: The company has increased its capital expenditure (capex) guidance for FY25 from Rs.18,000 crore to Rs.23,000 crore. In the first nine months of FY25, Power Grid has already incurred Rs.19,480 crore in capex.
Outstanding Dues Declining: Power Grid's commercial performance has significantly improved, achieving a realization rate of ~101.48%. Total billings stood at Rs.27,989 crore, with collections of Rs.28,404 crore. The outstanding dues have reduced to Rs. 4,380 crore in Q3 FY25, marking a notable decline from Rs. 6,633 crore in Q3FY24.
Quarterly performance as expected. Outstanding dues reducing with company increasing its FY25 capex guidance.
Particulers
Q1FY25
(Rs. Cr)
YoY Trend
Comment
Revenue
11,006
Flat
Base quarter had a one-time order impact of ~Rs. 150 Cr
EBITDA
9,540
+2%
EBITDA Margin
87%
+300 bps
PAT
3,724
+3%
Q1FY25 earning concall Highlights:
Powergrid reported flat consolidated Q1FY25 revenue of Rs 11,006 Cr and 3% YoY growth in PAT to Rs 3,724 Cr.
Outstanding dues reducing: Power Grid's commercial performance has significantly improved, achieving approximately 92% realization with total billings of Rs.9,262 Cr and collections of Rs.8,509 Cr. The outstanding amount stands at Rs.5,548 Cr in Q1FY25, a notable reduction from Rs.7,140 Cr in Q1FY24.
Current year Capex: In Q1FY25 on consolidated basis power grid has done capex of Rs.4,615 Cr. Company has revised it capex guidance to Rs.18,000 Cr from Rs.15,000 Cr in current financial year.
Projects in hand: Currently company has Rs.1,14,000 Cr worth of project in hand. Out of which Rs.70,000 Cr to Rs.80,000 Cr worth of projects are to be commissioned in next 24 months to 30 months. Which translates to next year capex of ~Rs.25,000+ Cr and ~Rs. 30,000+ Cr in FY27.
Sector Outlook: In earning conference call management highlighted that they can see addressable market of Rs.2,07,500 Cr out of which Rs.1,90,500 Cr is into transmission sector and rest is into other business like smart metering, data centre and solar generation.
What is the current position of the company, and its future outlook?
Power Grid Corporation of India Limited (PGCIL) is a Maharatna CPSU and India’s largest electric power transmission company. Government of India holds a 51.34% stake in the company as on March 31, 2023. PGCIL is principally engaged in planning, implementation, operation and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy services. Transmission plays a pivotal role within the power sector's value chain. The company holds a critical position in the advancement of India's power sector, with ownership of 85% of the interstate transmission network and the responsibility for transporting 45% of the total power generated in India.. India’s aim to expand renewable energy (RE) capacity to ~500 gigawatts by 2032 would require significant investment in transmission infrastructure. Thus, PGCIL has a large addressable market.
What is the company's current business model and how are current orders shaping up?
PGCIL’s revenue and profit are controlled through a regulated system that considers invested capital, a predetermined rate of return, and incentives, all within a transparent cost-plus model. In India, regulatory bodies like the Central Electricity Regulatory Commission (CERC) establish a defined rate of return on equity (ROE) on power transmission asset. The regulated tariff model (RTM) assures that PGCIL will consistently earn a predetermined fixed ROE.
With an aim at facilitating competition in the transmission sector through wider participation in providing transmission services power ministry came up with tariff determination through the process of tariff-based bidding. The company is also exploring opportunities in the tariff-based competitive bidding (TBCB) framework for the company’s inter-state and intra-state transmission operations.
The significant backlog of ongoing projects valued at Rs. 48,700 crore, coupled with an extensive pipeline of transmission bids and a structured RoE model, establishes a solid foundation for anticipated earnings growth. There exists a potential for earnings to surpass our estimates, particularly if there is an accelerated increase in transmission capital expenditures. This highlights the company's promising earnings growth prospects and the potential for exceeding our current earnings projections.
What is the Capex plan ahead?
If we look at overall power sector growth opportunities, there is a significant push for renewable generation capacities and transmission plans for 500 GWs up to 2030. Substantial investments exceeding Rs. 4 lakh crores are anticipated in the transmission sector over the next 7 to 8 years.
Because of this PGCIL sees a large addressable market and estimates its transmission capex at Rs. 1.71 lakh crore up to 2032 and expects capex revival to Rs. 20,000- 25,000 crore starting from FY26.
Apart from transmission capex, Power Grid is actively diversifying its involvement across various segments of the power value chain, with a particular emphasis on energy management initiatives, such as the implementation of smart metering and Battery Energy Storage Systems (BESS). To facilitate these ventures, a subsidiary named PowerGrid Energy Services Limited has been established, focusing on exploring non-transmission business opportunities.
Smart metering has been gaining significant momentum, and Power Grid has earmarked a capital expenditure plan of Rs. 10,000 crore over the next five years and a cumulative capital expenditure target of Rs. 15,000 crore has been set for the period up to 2032. Company is planning to achieve a high-teen Return on Equity (RoE) in this segment. Apart from smart metering, Power Grid has capex plan of Rs. 1,000 crore each for solar generation and data centre business.
Does the company have a dividend payout policy?
The power grid has consistently paid dividends to its shareholders and is expected to continue in the future as well. The company considers the following factors while determining dividend payout:
a) Capital expenditure requirements considering expansion and opportunities
b) Borrowing levels and capacity to borrow
What are the concern areas?
The delayed capitalization of projects, coupled with challenges in securing new projects through the tariff-based competitive bidding route could be a concern. These factors can contribute to slower-than-anticipated project implementation timeline and a more constrained project acquisition outlook.
Following the Supreme Court order on adjusted gross revenue (AGR), the government had also issued notices to non-telecom PSUs that had some form of telecom licence to pay their AGR dues, which as per the government, comes up to over Rs 2 lakh crore.
The non-telco companies like PowerGrid has said that there is no question of paying as they do not owe anything with this regard.
PowerGrid had purchased spectrum for Internet service provider and earns less than Rs 742 Cr from telecom business on which it has already paid Rs 59 Cr. Since PowerGrid never floated a separate company to handle the telecom business, hence entire revenue, including power transmission is taken for computation of license fees. The liability is as much as Rs 22,000 crore from PowerGrid.
PowerGrid has sought help from Prime Minister’s office for relief and excluding it from this liability. As of now the government regulators have said that companies must be pay their dues as their assessment. In the meanwhile the government is seeking legal opinion on how to exclude companies like GAIL and Power Grid from it.
MoneyWorks4me opinion
The government didn’t expect to hear Supreme Court’s ruling against non-telcos and doesn’t expect to recover such amounts. However, as per verdict, the liability does arise from non-telcos like PowerGrid. We believe that the government will find a way around this judgement to waive off/exempt this liability for PowerGrid.
We believe that this liability will not arise for PowerGrid as it doesn’t hold any logic and the government has to come up with measures to avoid this episode. We will review our opinion as the situation unfolds over next 1.5 months.
Power Grid FPO: Why is it worth investing? - 05 Dec 2013
Power Grid Corporation of India Limited (PGCIL), a Navratna PSU, engaged in the business of transmission of electric power has come out with an FPO of 78,70,53,309 shares of Rs. 10 each. The issue consists of a fresh issue of 60,18,64,295 shares by the company and an offer for sale of 18,51,89,014 shares by the President of India (i.e. dilution of 4% stake by the Government of India). The offer opened on 3rd December, 2013 and closes on 6th December, 2013 for retail investors.
The price band for the issue has been fixed at Rs. 85 – 90. Retail investors and eligible employees of the company will get 5% discount on the issue price. So, the effective price for them will be Rs. 85.5, if the issue is fixed on the upper end of the price band.
The price of Rs. 85.5 is close to MoneyWorks4me Discount Price (which takes in to account the impact of this dilution), and it is an attractive price to invest in the company. The current market price is around Rs. 95 which is higher than the price offered by the FPO and hence, it is better to invest in the company via the FPO route. The offer closes on 6th December, 2013 and we advise our users to subscribe to this FPO.
Anticipation of an equity dilution and Government stake sale was a major overhang on the stock. We believe that post this FPO, market expectation of risk of further dilution should come down. We do not foresee further dilution in the next 2 years. However, the company has a history of coming to the market for seeking funds leading to equity dilution. Hence, you should look at exiting when the stock comes close to the MRP price of Rs. 124.
For detailed information about the FPO, please read our Stock Shastra report on the same.
To get a technical view about the FPO price, you can read our Technical note on Power Grid.
Company share prices are keep on changing according to the market conditions. The closing price of Power Grid Corp on 20-May-2025 16:59 is ₹298.0.
What is the market cap of Power Grid Corp?
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-May-2025 16:59 the market cap of Power Grid Corp stood at ₹2,77,158.
What is the P/E ratio of Power Grid Corp?
The latest P/E ratio of Power Grid Corp as of 20-May-2025 16:59 is 18.39.
What is the P/B ratio of Power Grid Corp?
The latest P/B ratio of Power Grid Corp as of 20-May-2025 16:59 is 3.01.
What is the 52-week high and low of Power Grid Corp?
The 52-week high of Power Grid Corp is ₹366.2 and the 52-week low is ₹247.5.
What is the TTM revenue of Power Grid Corp?
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Power Grid Corp is ₹41,431 ( Cr.) .
About Power Grid Corporation Of India Ltd
Power Grid Corporation of India (Power Grid) is an Indian state-owned electric utility company headquartered in Gurugram, India. The company is a ‘Maharatna’ Central Public Sector Enterprise and it is also Central Transmission Utility (CTU) of India. The company is one of India’s largest Electric Power Transmission Utility. It is Listed Company since 2007. The company undertakes transmission of electricity through Inter-State Transmission System (ISTS). It ensures development of an efficient, co-ordinated and economical system of inter-state transmission lines for smooth flow of electricity from generating stations to the load centers. The company also provides non-discriminatory open access to its transmission system for use by and licensee or generating company.
In 1980, the Rajadhyaksha Committee on Power Sector Reforms submitted its report to the Government of India suggesting that extensive reforms were needed in the Indian power sector. In 1981, the Government of India took a policy decision to form a National Power Grid, which would pave the way for the integrated operation of the central and regional transmission systems.
In October 23, 1989 under the Companies Act, 1956, the National Power Transmission Corporation Limited was formed, and assigned the responsibility of planning, executing, owning, operating and maintaining the high voltage transmission systems in the country. In October 1992, the National Power Transmission Corporations name was changed to Power Grid Corporation of India Limited.
Business area of the company
The company’s core business is the transmission of electric power. The company a transmission licensee takes continuous action regarding operation and maintenance to seek to ensure compliance with prescribed standards as well as to achieve high availability of the system for uninterrupted power supply to customers.
Businesses
Power System Management: the company takes continuous action regarding operation and maintenance to seek to ensure compliance with prescribed standards as well as to achieve high availability of the system.
Telecom: the company with its brand name ‘POWERTEL’ in Telecom business is the only utility in the Country having overhead optic fibre network using Optical Ground Wire on power transmission lines.
Domestic Consultancy: the company has been providing one stop consultancy services to State owned utilities, Private utilities, Central Public Sector Undertakings and Government departments.
Smart Grid: Smart Grid facilitates efficient and reliable end-to-end intelligent two-way delivery system from source to sink through integration of renewable energy sources, smart transmission and distribution.
Subsidiaries of the company
POWERGRID NM Transmission Limited
POWERGRID Vemagiri Transmission Limited
POWERGRID Vizag Transmission Limited
POWERGRID Unchahar Transmission Limited
POWERGRID Kala Amb Transmission Limited
POWERGRID Jabalpur Transmission Limited
POWERGRID Warora Transmission Limited
POWERGRID Parli Transmission Limited
POWERGRID Southern Inerconnector Transmission System Limited
Power Grid has been adjudged as one of the India’s Best Companies to Work for 2019, by Great Place to Work Institute, India.
Third Prize in Public Sector Enterprises category in the National Competition for Innovative Training Practices (2017-18) by Indian Society for Training & Development.
'ET2GOOD' rating at the second edition of ET2G00D 4G00D Ratings conferral ceremony for All-Round Excellence in CSR for 2016-17 & 2017-18.
'Dainik Jagran CSR Award' in PSU category for CSR initiatives for poverty alleviation.
Star PSU Award at Business Standard Annual Awards for 2018.
'Strategic Performance and Consistent Growth' Award at the 6th PSU Awards by Governance Now.
Power Grid has been adjudged First by Ministry of Power, Government of India among all the CPSEs in Power Sector for its exemplary performance during the observation of 'Swachhta Pakhwada' w.e.f. from May 16 to May 31, 2019. The coveted award was received by Ravi P. Singh, CMD, POWERGRID from Shri A.K. Bhalla, Secretary (Power) on July 11, 2019.
Power Grid has been conferred the prestigious ‘Award for Export Excellence’ for the Year 2016-17 by Engineering Exports Promotion Council (EEPC) under the aegis of Ministry of Commerce, for the Exports performance achieved through International Business initiative. The Trophy was conferred by Chief Minister of Himachal Pradesh, Jai Ram Thakur.
Power Grid for the second year in succession won the 'Best Navratna Overall' for its performance. The award was one of the three awards won by the Company at the Dun & Bradstreet PSU Awards 2019 event at Delhi. In a repeat of last year, the Company won three awards, including the Award for ‘Best Navratna Overall’. The other awards were for ‘Electricity Sector: Transmission’ and ‘Best Navratna Services’. The awards were bestowed upon by Minister of Heavy Industries and Public Enterprises, Arvind Sawant. Director (Personnel) Ravi P. Singh and Director (Operations) Seema Gupta received the awards on behalf of the company.
Power Grid was adjudged winner of ‘National Award for Excellence in CSR & Sustainability’ under organizational category of ‘Best Community Development Awards’ on Integrated watershed management in Kurnool (Andhra Pradesh) and Vijayapura (Karnataka) at National CSR Leadership Congress & Awards function was organized by Zee Business on August 18, 2019 at Taj Yeshwantpur, Bengaluru.
Power Grid Corporation of India Ltd. was adjudged winner of ‘CSR Times - National CSR Awards 2019’ under the category: Water Conservation & Management, Rivers, Inland Waterways for its CSR project on Integrated water management in Kurnool (Andhra Pradesh) and Vijayapura (Karnataka) at 6th NATIONAL CSR SUMMIT, CSR TIMES AWARDS was organized by the CSR TIMES, in association with Indian Achievers’ Forum on 18 August, 2019 at the India Habitat Centre, Lodhi Road, New Delhi.
Power Grid emerged as the Winner of PMI India Awards - 2019 for Contribution to Community category for improving Rural Livelihood through Integrated Watershed Management Project at the Project Management National Conference 2019 organised by PMI India at Hyderabad.
Power Grid has once again retained its position as ‘Fastest Growing Electric Utility in Asia Pacific’. This is the sixth year, since 2014 that the Company has occupied this coveted slot. Globally, POWERGRID is positioned as the 4th Fastest Growing Electric Utility.
SRTS-I received Gold Medals from Governor of Andhra Pradesh for CSR project: Multi-specialty medical camps held in 2018-19 in remote villages of AP state.
Power Grid awarded for ‘Improving Rural Livelihoods through Farmer-centric Integrated Watershed Management’ as outstanding achievement in Communication Innovation in CSR through campaign at All India Media Conference organised by L.S. Sansthan & M.L. Sukhadia University, Udaipur.
Power Grid was awarded third prize in Best Annual Report Category by SCOPE.
President of India awards POWERGRID in the PSU Corporate Category for Swacchata on September 06, 2019. It is in recognition of the Company’s significant CSR contribution under the initiative of Swachh Iconic Places (SIP) and Swachh Bharat Kosh (SKP).
Second Runner up Award given by the Union Minister of Jal Shakti, Gajendra Singh Shekhawat in Vigyan Bhawan for Swachh Iconic Place Baba Baidyanath Temple, Deoghar, Jharkhand.
2018
CMD, Power Grid I.S, Jha awarded the Business Today Best CEO Awards in the PSU category.
Featured in the list of Top 25 Most Innovative companies in India at 5thCII Industrial Innovation Awards 2018 - only power sector CPSE in the list.
India Concord Summit (ICS) 2018 PSU Award for Best HR Practices by a PSU-Navratna.
Third position under Swachh Bharat Mission in category of Swachh Bharat Places for CSR initative at Baidyanath Temple, Deoghar, Jharkhand.
Platts Top 250 Global Energy Company Rankings 2018: ‘Fastest Growing Electric Utility in Asia’ (fifth successive year); 3rdFastest Growing Electric Utility, Globally.
Dun & Bradstreet Infra Award-2018 for Excellence in Power Transmission category.
'Gold Certificate' for Best CSR Practice at the 'Haryana CSR Summit 2018' by Govt of Haryana.
‘Good Corporate Citizen Award’ at the PHD Annual Awards for Excellence 2018 as the winner in the category.
Gold Medal for Corporate Social Responsibility presented by the Governor of Telangana & Andhra Pradesh and President of the Indian Red Cross Society (IRCS) E. S. L. Narasimhan.
Felicitated to CMD, Power Grid at the PSE Excellence Awards 2018 by Indian Chamber of Commerce (ICC).
Mid Day Infra Award for Excellence in Transmission
Dun & Bradstreet PSU Awards 2018: Following categories: Best Overall Navratna; Best Navratna in Services and Electricity: Power Transmission.
Dun & Bradstreet Corporate Awards 2018 as Winner in ‘Power’ category
2018 EEI Asia-Oceania Index Award at EEI for Highest Total Shareholder Returns in Gold Large Capitalization categoryawarded in Apr, 2018 (EEI-Edison Electric Institute).
‘Special Commendation Award’ at ISTD National Innovative Training Practices Awards.
Smt. Seema Gupta, Director(Operations) awarded Best Contribution Award at the ITOMS International Conference at Kuala Lampur, Malaysia.
Platinum prize (1st prize) in Power Sector Category at the ‘6th FICCI QualitySystems Excellence Awards’ ceremony.
‘BML Munjal Award for Business Excellence through Learning and Development-2018’ in PSU Services Category.
Dainik Bhaskar India Pride Award for contribution towards National Growth in Energy & Power Sector Category.
Power Grid has been awarded for Nation Building by Governance Now.
‘Golden Peacock Award for Corporate Social Responsibilty’ for the year 2017.
‘Best Performing Power Transmission Utility’ Award by Central Board of Irrigation and Power (CBIP) on January 03, 2018.
CMD Power Grid, I. S. Jha has been awarded the 'Best CEO' Award in PSU category (Except Banking Sector) and 'Best CEO' Award in Power category at Business Today 'Best CEO Awards' ceremony held in Mumbai on 13th January, 2018. Both the awards were presented by Union MoS for Civil Aviation, Jayant Sinha.
Power Grid has been awarded the CNBC-TV18 118est Risk Management Framework & Systems Award11 in two categories- 'Power' and 'PSU' at the 4th India Risk Management Awards (IRMA) ceremony on 19th January 2018. The award is a recognition to organizations who have significantly added to the understanding and practice of Risk Management.
2017
Power Grid has been conferred the 'Best Performing Power Transmission Utility' Award by Central Board of Irrigation and Power (CBIP). The award has been conferred on POWERGRID recognizing its contribution for emerging as the enabler for a Vibrant Electricity Market in the country by consistently implementing transmission systems, setting new benchmarks in performance and technological advancements.
CMD, Power Grid, Shri I. S. Jha has been awarded with the 'Atal Maithili Samman' by Hon'ble Minister of Finance and Corporate Affairs, on 25th December 2017 in New Delhi.
CEPM Honorary Fellowship Award by Centre for Excellence in Project Management (CEPM) was bestowed to CMD, POWERGRID, I. S. Jha during the 251h Global Symposium 2017.
Power Grid has been awarded ‘Healthy Award 2017’ by Arogya World recognizing it as a Healthy Workplace. Arogya World has commended this year's Healthy Workplace winners for their commitment to employee health and wellness.
Power Grid has been conferred Dun & Bradstreet Infra Award 2017 in the Power Transmission category. Dun & Bradstreet is the world's leading provider of business information and knowledge.
Power Grid has won the Golden Peacock Award for Excellence in Corporate Governance - 2017.
Power Grid has been bestowed with ‘Excellence in CSR’ Award by the Hindi National Daily, Amar Ujala.
Meenakshi Davar, Executive Director (HR) was felicitated as Woman Persona- InWENA of the Decade-Public Sector Enterprises (PSEs). The 2nd InWENA Awards 2017 recognizes her Yeomen Contribution to the Power Sector and Public Sector-at-large across various functions like Human Resource, Corporate Social Responsibility, Technical Planning, etc.
Platts has released its ranking of Top 250 Global Energy Companies for 2017. Power Grid retained its position as the 'Fastest Growing Electric Utility in Asia' for the fourth successive year (since 2014). At the Global level Power Grid has been positioned as the 5th Fastest Growing Electric Utility. Across all Industries globally, Power Grid is placed at 81, registering a leap of 11 positions from its last year's rank of 92. Power Grid has been ranked 17th 'Fastest Growing Energy Company' globally and is the only Indian CPSE to feature in the Top 20 list. This ranking is based on the company's compounded revenue growth over a three-year period. The Platts Top 250 Global Energy Rankings recognizes outstanding accomplishments of top performing energy companies around the world published annually by S&P Global Platts.
Power Grid has been awarded as the 11 Best Issuer on EBP - PSU11 by National Stock Exchange of India Limited (NSE).
Power Grid gets the Runners up Award in the Maharatnas & Navratnas Category for 'Operational Performance Excellence at the PSE Excellence Awards 2016 on September 07, 2017.
Team Power Grid representing India has won the Asian Championship in Asian Management Challenge-2017, competing with teams from Hong Kong, Macau, Sri Lanka, Pakistan, Malaysia etc.
Power Grid has been recognized as one of the Best Companies to Work for-2017 in the GREAT PLACE TO WORK study released on June 30, 2017. This is one of the largest studies around the globe having coverage of more than 800 organizations in India.
Power Grid has been conferred the Dun & Bradstreet PSU Award 2017 in the Electricity: Power Transmission Sector category.
Power Grid has been adjudged as one of the India’s Best Companies to Work for 2017, by Great Place to Work Institute- India.
Power Grid Team has won the 26th National Championship of Business Management Simulation organised by All India Management Association.
Power Grid conferred Gold Trophy for Top Exporter of the year 2013-14.
Smt Seema Gupta, ED (NR-1) conferred with outstanding woman manager award by SCOPE.
Power Grid has conferred ‘The Star Performer Award’ for the year 2014-15 by Engineering Exports Promotion Council (EEPC) under the aegis of Ministry of Commerce for the Exports performance achieved through International Business.
Power Grid was awarded by Central Board of Irrigation and Power with ‘CBIP Award for Outstanding Contribution in Transmission Sector’ in institutional category.
Power Grid has conferred ‘Energy Storage Project of the Year’ by India Energy Storage Alliance (IESA) for the R&D project, a first of its kind project in India where battery energy storage systems of 1 cumulative MW capacity based on two different battery and control technologies are connected to the grid.
Power Grid Corporate Centre has been awarded Rajbhasha Unnayan Puraskaar 2016-17 for Best implementation of Hindi by Town Official Language Implementation Committee (TOLIC).
Power Grid won 1st Prize in the category ‘Best Garden in the City’ by Haryana Urban Development Authority (HUDA) Gurugram in ‘Spring Fest- Flower Festival 2017’.
Power Grid bestowed with appreciation shield as Host utility partner and display of smart grid technology in International Conference and Exhibition on Smart Grid and Smart Cities in concluding session of India Smart Grid Week 2017 organized by India Smart Grid Forum from 7th to 10th March 2017 at Manekshaw Centre, New Delhi.
Power Grid awarded the ‘Clean Energy Award -2016’ for best power transmission utility in India for its remarkable efforts in the field of sustainable development and promoting clean energy transmission in India by AI Global, UK.
Power Grid has been awarded ‘Industry Excellence Awards 2017’ in the category of ‘Energy & Power’ on the occasion of BRICS International Conclave for MSMEs & Startups organized by ‘Stepup360’ & ‘BRICS International Forum’ and supported by MSME- DI, New Delhi.
Power Grid has been bestowed with DainikBhaskar India Pride Award 2016-17 in the Energy & Power category.
The CNBC-TV18 has honored POWERGRID with ‘Best Risk Management Practice’ Award at the 3rd India Risk Management Awards in PSU category.
2016
Power Grid and POSOCO have received 2016 North American Synchrophasor Initiative (NAPSI) Award for Outstanding utility for their significant accomplishment & contribution towards various PMU Pilot Projects including nationwide WAMS System Project.
Power Grid bestowed with Best Transmission Company Award by Dun & Bradstreet.
Power Grid stall Bagged 1st Runners Up Trophy at Switch Expo, Vadodara, Gujarat.
Power Grid becomes the 3rd Fastest Growing Electric Utility in the world. The company has retained its position as the ‘Fastest Growing Electric Utility in Asia’ for the third consecutive year in the industry category ‘Electric Utilities, as per 2016 Platts Top 250 Global Energy Company Rakings’.
Power Grid has won the 'Dun & Bradstreet India's Top PSU Award 2016 in the Electricity- Power Transmission Category.
Power Grid has been recognised as one of ‘India’s Best Companies to Work for 2016’ by 'The Great Place to Work Institute' in association with The Economic Times, recognising the power of excellence, joy and happiness at work place among 800+ organizations in India.
Power Grid was awarded with ‘BT CSR Excellence’ award by Bureaucracy Today magazine for the excellent work done in the area of rural development under their CSR initiative.
Power Grid has been awarded the Second prize at SCOPE Corporate Communication Excellence Awards 2016 for case study of Crisis Management and Second prize at Corporate Communication Excellence Awards 2016 in the Category of 'Innovative Stakeholder Interface'.
Power Grid was felicitated with 'Rajbhasha Navratna; award for the year 2015-16, by 'Bhartiya Bhasha Evam Sanskruti Kendra' for the best practices of implementation of official language.
Power Grid is conferred India Pride Awards 2015-16 for 'Excellence in Energy and Power' in the category of PSU-Central by the leading media house, Dainik Bhaskar.
Executive Director (Human Resource), Power Grid has been conferred with ‘Amity Woman Achiever Award 2016’ for her pioneering efforts in the field of Human Resource.
Power Grid was felicitated at the 3rd Annual Economic Times Power Focus Summit for its incredible contribution to the Power Sector.
Power Grid's pavilion at International Industrial Trade fair, INNOPROM 2016, held at Russia in July 2016 awarded ‘Best PSU Pavilion’.
Milestones
1991: The transmission assets of Nuclear Power Corporation Limited were transferred to Power Grid.
1992: Transmission assets of Neyveli Lignite Corporation Limited were taken over by Power Grid under the Neyveli Lignite Corporation Limited.
1993: The National Thermal Power Corporation Limited, the National Hydro Electric Power Corporation Limited and the North-Eastern Electric Power Corporation Limited (Acquisition and Transfer of Power Transmission Systems) Ordinance (Power Transmission Systems Ordinance) was enacted , pursuant to which the right, title and interest of these three power generating companies in relation to the power transmission system, comprising of the main transmission lines, including the extra high voltage alternative current transmission lines and the HVDC lines, and sub-stations, owned by them, were acquired by the Government of India and transferred to Company, with effect from April 1, 1992.
1993: The transmission assets of Tehri Hydro Development Corporation Limited are transferred to Power Grid.
1994: The Government of India entrusted Power Grid with the responsibility of controlling the existing load despatch centres in the country with a view to achieve better grid management and operation.
1996-1994: Control of the five regional load despatch and communication centres was transferred to Power Grid in a phased manner. Power Grid undertook the unified load despatch and communication project (ULDC) under which modernized load despatch facilities have been established in each of the five regional centres. The establishment of a national load despatch centre is also underway.
1998: Power Grid was notified as a Mini Ratna (Category I) company by the Government of India.
1998: Power Grid was notified as the Central Transmission Utility by the Government of India. Power Grid continues to be the CTU under the Electricity Act, 2003 as per the notification issued by the GoI on November 27, 2003.
2007: Power Grid’s Listing of Equity Shares on the Stock Exchanges.
2008: Power Grid was notified as a Navratna Company.
2009: Power Grid established National Load Despatch Centre (NLDC) at New Delhi.
2009: Power Grid’s wholly owned subsidiary, Power System Operation Corporation Limited, was incorporated.
2010: Ceritficate for Commencement of Business issued to Power System Operation Corporation Limited.
2010: Successful listing of fresh equity shares on stock exchanges in India through Follow-on Public Offer.
2012: Power Grid adopted Vision and its new Mission.
2012: Power Grid received its international credit rating from Standard & Poor’s and Fitch ratings The pilot 1200kV Single circuit and Double circuit lines along with one 1200kV Bay were successfully test charged at 1200kV Ultra High Voltage (UHV) AC National Test Station at Bina, Madhya Pradesh.
2013: Power Grid issued its Maiden Foreign Currency Bond of $500 million. POWERGRID’s Corporate and $500 Million offshore bond issue as rated by International Credit Rating Agency viz. Standard & Poor and Fitch Ratings.
2013: Successfully commissioned 500MW HVDC back to back asynchronous link between Baharampur (India) and Behramara (Bangladesh) of the prestigious Indo-Bangladesh Interconnection.
2014: POWERGRID celebrated its ‘Silver Jubilee’, completing 25 years of successful journey as a leading Power transmission utility of country, consolidating its footprints as a World Class, Integrating, Global Transmission Compan with Dominant Leadership in Emerging Power Markets.
2015: National Transmision Asset Management Centre (NTAMC), Manesar developed with State of the Art Technology was dedicated to the nation.
2016: The 1200 Kv National Test Station with both the 1200/400KV bays along with the single and double circuit stations of 1200kV lines are charged. Successfully Commissioned second link of Indo-Bangladesh link.
2019: Power Grid signs MoA with Bharat Heavy Electricals (BHEL) for Digital Substation Collaborative R&D Project
2019: Power Grid inks MoU with Indian Army to provide Digital Education Programme in ten Army Goodwill Schools in Kashmir region.
2019: Power Grid acquires Bhind Guna Transmission.
2019: Power Grid acquires Ajmer Phagi Transco
2019: Power Grid acquires Fatehgarh-II Transco
2019: Govt accords 'Maharatna' status to Power Grid
2020: Power Grid ink MoU with the Advance Centre for Treatment, Research and Education in Cancer (ACTREC), Tata Memorial Centre (TMC) for construction of 'PowerGrid OT Complex'.
Company quality is determined using minimum hurdle rate for return on capital employed and free cash flows for last 10 years.
Companies with smaller size have higher hurdle rate.
High quality stocks are important for long term investment.
Value
Valuation is computed by comparing relevant price multiples versus industry and its own history.
One unique and very important modification is our adjustment for company's financials for cyclicality and normalized profitability.
or based on whether current ratio is lower or higher than median values. See graph for better assessment.
Valuation is important for long term investment.
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Price
Price rating is given based on stock price strength using moving averages and relative strength on shorter timeframe.
Short term time frame has little to no significance for long term investing but it can help in deciding how fast or how slow one can add a stock top your portfolio.
Only after a stock satisfies Quality and Value parameters, use price trend to build a position. Add slowly if price trend is Red or Orange. Add quickly if price trend is Green.
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MoneyWorks4Me method for rating and ranking mutual funds for SIP
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and
ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the
various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Performance Consistency: This is measure based on whether the fund has beaten the benchmark index consistently. For
this we compare the 3-year rolling returns of the fund with the benchmark for a minimum of 5 years and preferable 10
years. The period of rolling is one month and holding period is 3 years. Fund are color-coded Green on Performance when
the fund beats the benchmark more than 90% of the time. It is Orange if it beats 80% to 90% of the time and Red if less
than 80%. Funds with less than 5 year data are color-coded Grey.
Quality of Portfolio Holding: Moneyworks4Me has color-coded stocks as Green, Orange and Red based on whether the
company's performance has generated a ROCE above a threshold level (cost of capital) over 10 years (minimum 6 years) and
generated positive Free Cash Flow. For Banks it checks whether ROE is greater than 15% and sales has grown over previous
year. Stocks that perform consistently on these combined metrics are color-coded Green (min score 14 out of 20), Orange
(between 8 and 14) and Red (less than 8 out of 20).
Fund are color-coded Green provided the portfolio has 70% holding in Green stocks but not more than 20% in Red stocks.
Funds with more than 20% Red stocks in the portfolio are color-coded Red. The rest are Orange funds
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The
ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number
that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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