Power Grid Share Price Target 2024, 2025, 2026 to 2030: Can it reach 1000 INR?

Power Grid Corporation of India (NSE: POWERGRID) may be a good option for investors seeking a potential stock on the Indian market. The corporation has demonstrated a commitment to growth and expansion by having its board recently approved an investment of more than 803 crore rupees. However, what are the prospects for its share price over the following years?

In this article, we’ll look at the variables affecting the Electricity Grid Corporation of India’s performance and determine whether it’s a worthwhile investment to purchase its shares. Based on professional analysis and market trends, we’ll also project the company’s share price for the period from 2024 to 2030. The state or government owns the largest percentage of the company’s shares, or around 54%, to be exact. In other words, the group has the most potential to profit (or lose) from its investment in the business. Institutions, on the other hand, own 33% of the business. Younger, smaller businesses frequently have a major portion owned by insiders, whereas large businesses typically have institutional investors.

Power Grid Corporation Q3 FY24 Results Summary

  • Consolidated net profit rises by 10.5% to Rs 4,028.25 crore.
  • Second interim dividend of Rs 4.5 per equity share declared.
  • Revenue from operations increases by 2.6% to Rs 11,549.79 crore.
  • EBITDA grows by 3.2% to Rs 10,482.8 crore with a margin of 89%.
  • Transmission business revenue rises to Rs 11,314.24 crore.
  • Telecom business earnings decrease slightly to Rs 185.74 crore.
  • Analysts’ expectations of a net profit decline countered by actual performance.
  • Marginal increase in consolidated revenue to Rs 11,819.70 crore, up 2.5%.
  • Transmission costs are anticipated to impact profitability, but performance remains robust.

How to Purchase Power Grid Corporation of India shares?

You can buy Power Grid Corporation of India shares from the following trading platforms:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Share Price Prediction of Power Grid Corporation of India: 2024 to 2030

Power Grid Share Price Target 2024

When Maximum Price Minimum Price
March 2024 311.04 270.47
April 2024 301.98 262.59
May 2024 297.52 258.71
June 2024 308.23 268.02
July 2024 305.15 265.34
August 2024 317.35 275.96
September 2024 330.05 287.00
October 2024 323.57 281.37
November 2024 333.28 289.81
December 2024 341.61 297.06

In 2024, Power Grid’s share price fluctuated between a maximum of ₹341.61 in December and a minimum of ₹258.71 in May. The company’s market capitalization stands at ₹2,67,862 Cr.

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As of March 1st, 2024, the current share price is ₹288, with a high/low of ₹294/₹164. Its stock P/E ratio is 17.0, while the dividend yield is 3.85%. Additionally, Power Grid’s ROCE stands at 13.1%, ROE at 19.6%, and face value at ₹10.0.

Power Grid Share Price Target 2025

When Maximum Price Minimum Price
January 2025 348.45 268.04
February 2025 357.38 274.91
March 2025 371.32 285.63
April 2025 364.04 280.03
May 2025 353.43 271.87
June 2025 369.34 284.11
July 2025 362.10 278.54
August 2025 373.30 287.15
September 2025 386.36 297.20
October 2025 396.41 304.93
November 2025 406.32 312.55
December 2025 416.48 320.37

In 2025, Power Grid’s share price is projected to reach highs of ₹416.48 in December, with lows around ₹268.04 in January.

Power Grid Share Price Target 2026

When Maximum Price Minimum Price
January 2026 428.97 329.98
February 2026 439.97 338.44
March 2026 457.13 351.64
April 2026 448.16 344.74
May 2026 435.11 334.70
June 2026 454.69 349.76
July 2026 445.78 342.90
August 2026 459.56 353.51
September 2026 475.65 365.88
October 2026 488.01 375.40
November 2026 500.21 384.78
December 2026 512.72 394.40

In 2026, Power Grid’s share price is expected to climb steadily, hitting a maximum of ₹512.72 in December and a minimum of ₹329.98 in January. This upward trend reflects sustained investor confidence and robust company performance.

Power Grid Share Price Target 2027

When Maximum Price Minimum Price
January 2027 522.97 402.29
February 2027 536.38 412.60
March 2027 557.30 428.69
April 2027 546.37 420.29
May 2027 530.46 408.05
June 2027 554.33 426.41
July 2027 543.46 418.05
August 2027 560.27 430.98
September 2027 579.88 446.06
October 2027 594.96 457.66
November 2027 609.83 469.10
December 2027 625.08 480.83

Power Grid Share Price Target 2028

When Maximum Price Minimum Price
January 2028 637.58 490.44
February 2028 653.93 503.02
March 2028 679.43 522.64
April 2028 666.11 512.39
May 2028 646.71 497.47
June 2028 675.81 519.85
July 2028 662.56 509.66
August 2028 683.05 525.42
September 2028 706.95 543.81
October 2028 725.34 557.95
November 2028 743.47 571.90
December 2028 762.06 586.20

Power Grid Share Price Target 2029

When Maximum Price Minimum Price
January 2029 777.30 597.92
February 2029 797.23 613.25
March 2029 828.32 637.17
April 2029 812.08 624.68
May 2029 788.43 606.48
June 2029 823.90 633.77
July 2029 807.75 621.35
August 2029 832.73 640.56
September 2029 861.88 662.98
October 2029 884.29 680.22
November 2029 906.39 697.23
December 2029 929.05 714.66

Power Grid Share Price Target 2030

When Maximum Price Minimum Price
January 2030 947.63 728.95
February 2030 971.93 747.64
March 2030 1,009.84 776.80
April 2030 990.04 761.57
May 2030 961.20 739.38
June 2030 1,004.45 772.66
July 2030 984.76 757.51
August 2030 1,015.22 780.94
September 2030 1,050.75 808.27
October 2030 1,078.07 829.28
November 2030 1,105.02 850.01
December 2030 1,132.64 871.27

Financial Condition of Power Grid Corporation of India: Last 5 years

Financial Year Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Sales + 35059 37744 39640 41622 45581
Expenses + 8140 4858 4734 5796 7001
Operating Profit 26920 32886 34906 35826 38580
OPM % 77% 87% 88% 86% 85%
Other Income + 1505 2820 769 4692 2089
Interest 8737 9509 8135 8036 9634
Depreciation 10541 11607 12039 12872 13333
Profit before tax 9147 14590 15501 19610 17702
Tax % -10% 24% 22% 14% 13%
Net Profit + 10034 11059 12036 16824 15417
EPS in Rs 10.79 11.89 12.94 18.09 16.58
Dividend Payout % 43% 47% 52% 61% 67%

FAQS

Will the share price of Power Grid Corporation of India increase in 2024?

It is anticipated that Power Grid Corporation of India’s share price will increase to 341.61 by the end of 2024.

What is Power Grid Corporation of India’s share price target for 2025?

The share price target of Power Grid Corporation of India for 2025 might be around 416.48.

Does the Power Grid fall under the category of large-cap companies?

Yes, Power Grid is classified as a Large-cap company, with a market capitalization of Rs 2,67,862 crore.

Can the Power Grid reach 1000 INR by 2030?

According to our analysis, it can reach 1000 INR by 2030. The maximum it could reach is Rs. 1,132.64 by the end of 2030.

Can the Power Grid be considered a monopoly?

Due to the substantial capital required in this industry, only the government can provide it, which positions Power Grid as a monopoly participant.

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Conclusion

As can be seen from its financial statement, Power Grid Corporation of India has had continuous growth in terms of its earnings, revenues, and profits over the past five years. Also, PGCI is well-positioned to profit from the anticipated rise in India’s power sector and carry on producing wholesome returns for its investors.

According to this information, PGCI shares may present a solid investment option for those looking for stability and long-term growth in the power sector. Before making any investment selections, it’s crucial to thoroughly analyze the company’s finances, market trends, and other pertinent elements.

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Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.

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