🔌 At a glance:
- FY25 PAT: ₹15,573 crore (+10.5%)
- FY25 Revenue: ₹47,080 crore (+13.4%)
- Q4 PAT: ₹4,128 crore (+25%)
- CMP: ₹298.30 (–1.89% today)
🏢 About the Company
Power Grid Corporation of India Ltd is the PSU backbone of India’s power transmission network, operating ~90% of the country’s inter-state electricity highways. It doesn’t generate power. It just charges rent for being the boss of the cables.
👷♂️ KMP
- CMD: Shri R. K. Tyagi
📊 FY25 Financial Summary
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Revenue | ₹47,080 cr | ₹41,518 cr | +13.4% |
| PAT | ₹15,573 cr | ₹14,097 cr | +10.5% |
| Q4 PAT | ₹4,128 cr | ₹3,302 cr | +25% |
💸 Dividends
- Interim + Final Dividend Total = ₹14.75/share
- That’s a 4.9% yield at CMP!
🧮 Fair Value Estimate
- FY27E PAT = ₹19,000 cr (8% CAGR)
- Target P/E = 12x → MCap = ₹2.28L cr
- Shares ≈ 6,973 million → FV/share = ₹327
- CMP = ₹298.30 → 9.6% upside
⚠️ Why Did It Fall Today?
- Profit already priced in — limited growth visibility
- PSU stocks saw some basket selling
- Dividend declared earlier, no fresh trigger
📈 Long-Term Outlook
- Transmission infra capex to remain strong (₹1.1 lakh cr pipeline)
- Green corridor projects, EV charging grid, and RE integration are key themes
- Slow-moving, regulated returns — not exciting, but predictable
😂 EduInvesting Take
- It’s not a Tesla. It’s the highway Tesla drives on. And it collects tolls for 35 years.
- This stock pays you to sleep. But don’t expect it to run marathons.
- Verdict: “Buy if you want dividend stability, not if you want adrenaline.”
Note: Q4 numbers came strong, but market wanted more from the future, not the past.
