Power Grid Share Price Target 2023, 2024, 2025 to 2030: Can it reach 1000 INR?

Power Grid Corporation of India (NSE: POWERGRID) may be a good option for investors seeking for 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?

The state-owned Power Grid Corporation of India Ltd. announced on May 19th that its consolidated net profit for the March quarter increased by over 4% year over year (YoY) to Rs 4,320 crore. To reach Rs 12,264 crore for the quarter, total revenue climbed by about 15% year over year. Despite a nearly 10% increase in sales to Rs 45,581.28 crore for FY23, the business recorded an 8.4% fall in net profit to Rs 15,417.12 crore. Comparatively to 381 crores a year before, other income for the quarter was Rs 294 crore. Earnings before interest, taxes, depreciation, and amortization, or operating profit, increased by about 17% year over year in the third quarter to Rs 10,909.62 crore. To reach 88.96%, operating margins increased by 155 basis points. In comparison to the same quarter a year prior, finance costs came to Rs 2,475 crore. For the quarter, taxes cost Rs 1,015 crore. The firm saw a tax reversal of Rs 85.30 crore during the same time period last year. The bottom line only slightly increased as a result of greater finance costs and tax expenses as well as decreased other revenue. The primary gearbox industry recorded a roughly 17% YoY revenue increase to
12,287 Crore. The consulting industry recorded a 14 crore rupee revenue loss.  Revenue from the telecom sector increased from Rs 174 crore to Rs 209 crore. The primary gearbox industry saw a sales increase of approximately 17% YoY to Rs 12,287 crore. The consulting industry recorded a 14 crore rupee revenue loss. Revenue from the telecom sector increased from Rs 174 crore to Rs 209 crore. At the end of March, the debt-to-equity ratio was 1.52, down from 1.77 times a year earlier.

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. On the basis of professional analysis and market trends, we’ll also project the company’s share price for the period from 2023 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.

Latest news about Power Grid Corporation of India

➤For the fiscal year that ended in March, the board has proposed a final dividend of Rs 4.75 per share.

➤Two of the Power Grid Corporation of India Limited’s (PGCIL) four 400 KV ultra-high voltage power lines malfunctioned, resulting in a significant power outage that affected the whole city and district of Pune. Around 355,000 electrical users, including those in Chakan MIDC, Nagar Road Division of Pune City, Pimpri and Bhosari Divisions of Pimpri Chinchwad City, were impacted by the event on Thursday around 7:10 p.m. After 10:30 p.m., power is anticipated to be progressively restored to the impacted areas.

How to buy Power Grid Corporation of India shares?

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

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

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➤ ICICIDirect

Share Price Prediction of Power Grid Corporation of India: 2023 to 2030

Share Price Target 2023 of Power Grid Corporation of India

When Maximum Price Minimum Price
May 2023 ₹229.33 ₹204.87
June 2023 ₹199.19 ₹177.84
July 2023 ₹215.03 ₹165.41
August 2023 ₹236.53 ₹181.95
September 2023 ₹248.36 ₹191.04
October 2023 ₹236.53 ₹181.95
November 2023 ₹260.18 ₹200.14
December 2023 ₹291.41 ₹224.16

Power Grid Corporation’s share price is expected to see a lot of variation in 2023, with both the maximum and minimum prices differing greatly across each month.  The maximum share price is expected to reach ₹291.41 in December, indicating a potential growth percentage of over 73% from the current price levels. This suggests a bullish trend and investors may want to consider buying into the stock during any dips in the share price.  However, the minimum price of ₹165.41 in July may cause some concern for investors, as this represents a potential decrease of around 32% from the current levels. 

The company is effectively using its capital, we can say this because of the improvement in Return To Capital Expenditure. However, on the other hand, the company is unable to generate cash, showing a declining net cash flow. Regarding financials, the Price-to-Earning ratio increased to 10.69 in May 2023, but the Price-to-Book ratio declined to 2.33 in May 2023. Following a similar fashion, the Earnings per share have also declined by more than 10% to 21.87 currently.

Overall, it’s important to keep an eye on the market trends and company news, as these could greatly impact the share price of Power Grid Corporation of India.

Power Grid Corporation of India Share Price Target 2024

When Maximum Price Minimum Price
January 2024 ₹306.74 ₹235.96
February 2024 ₹344.66 ₹287.21
March 2024 ₹362.79 ₹294.96
April 2024 ₹329.81 ₹253.70
May 2024 ₹274.84 ₹211.42
June 2024 ₹329.81 ₹253.70
July 2024 ₹280.34 ₹217.32
August 2024 ₹308.38 ₹244.74
September 2024 ₹323.79 ₹249.07
October 2024 ₹380.93 ₹293.03
November 2024 ₹399.98 ₹307.68
December 2024 ₹407.98 ₹313.83

Looking ahead to 2024, the table indicates that Power Grid Corporation’s share price is expected to continue its uptrend with several months showing an increase in both the maximum and minimum prices.

The maximum price is expected to reach ₹407.98 in December, indicating a potential upside of over 120% from the current levels. The average target for the year is around ₹322.32, which represents a significant increase from the current price levels.

Overall, this data suggests that Power Grid Corporation could be a good investment option for investors looking to capitalize on potential growth in the power sector.

It’s important to note that these are only predictions based on market trends and expert analysis, and investors should conduct their own research before making any investment decisions. However, based on this data, it seems that Power Grid Corporation has the potential to provide good returns for investors in 2024.

Power Grid Corporation of India Share Price Target 2025

When Maximum Price Minimum Price
January 2025 ₹416.14 ₹320.11
February 2025 ₹438.04 ₹336.96
March 2025 ₹459.94 ₹353.80
April 2025 ₹410.67 ₹315.90
May 2025 ₹373.33 ₹287.18
June 2025 ₹410.67 ₹315.90
July 2025 ₹391.11 ₹300.85
August 2025 ₹407.41 ₹313.39
September 2025 ₹427.78 ₹329.06
October 2025 ₹453.44 ₹348.80
November 2025 ₹485.18 ₹373.22
December 2025 ₹494.89 ₹380.68

The table for Power Grid Corporation’s share price prediction for 2025 suggests that the stock may face some challenges in the coming year. The maximum share price target is expected to be ₹494.89 in December, which represents a return of around 64% from the current levels.

However, the minimum price of ₹287.18 in May indicates a potential decrease of over 48% from the current levels. This suggests that the stock may face some bearish sentiment in the market, possibly due to a broader market downturn or changes in industry dynamics.

Overall, the long-term outlook for the company remains positive, as the power sector is expected to continue growing in India. 

Power Grid Corporation of India Share Price Prediction 2026-2030

Year Maximum Price Minimum Price
2026 ₹346.42 ₹242.49
2027 ₹294.46 ₹206.12
2028 ₹530.02 ₹371.02
2029 ₹1,088.75 ₹762.13
2030 ₹1,212.47 ₹848.73

It is evident that Power Grid Corporation of India’s share price is expected to grow significantly in the coming years. The maximum price for 2026 is predicted to be ₹346.42 while the minimum price is expected to be ₹242.49.

The growth percentage seems to be comparatively lower than the previous years, indicating a potential bearish trend in the short term. However, it is important to note that past performance is not a guarantee of future results, and market conditions can change quickly.

Looking ahead, the maximum price for 2030 is estimated to reach ₹1,212.47 with the minimum price projected to be ₹848.73. With such high targets, it is likely that investors who hold onto their shares will see a significant return on their investment. 

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

Narration Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
Sales         29,953.62     35,059.12     37,743.54     39,639.79     41,616.34
Expenses           3,992.62       8,139.62       4,857.82       4,734.08       5,796.04
Operating Profit         25,961.00     26,919.50     32,885.72     34,905.71     35,820.30
Other Income           4,064.88       1,505.19       2,820.47           768.88       4,697.22
Depreciation           9,230.99     10,540.95     11,607.04     12,039.19     12,871.66
Interest           7,324.14       8,736.57       9,509.00       8,134.69       8,036.22
Profit before tax         13,470.75       9,147.17     14,590.15     15,500.71     19,609.64
Tax           5,266.75         -886.35       3,530.75       3,464.25       2,785.57
Net profit           8,204.00     10,033.52     11,059.40     12,036.46     16,824.07
EPS                     11.76             14.38             15.85             17.26             24.12
Price to earning                     12.32             10.32               7.53               9.37               8.99
Price               144.94           148.43           119.33           161.74           216.80
RATIOS:
Dividend Payout 33.48% 43.43% 47.30% 52.16% 61.16%
OPM 86.67% 76.78% 87.13% 88.06% 86.07%

The financial statement of PGCI for the last five years shows a significant growth trajectory for the company. Revenue growth has been consistent, with the company’s sales increasing from ₹29,953.62 crores in 2018 to ₹41,616.34 crores in 2022.

The company’s profitability has also witnessed steady growth, with the maximum profit after tax (PAT) reported at ₹16,824.07 crores in 2022, compared to ₹8,204.00 crores in 2018. The company’s earnings per share (EPS) have also witnessed a substantial growth from 20.97 in September 2022 to 21.87 in May 2023 but is moving at the same and slow pace from December 2022 to May 2023. 

 The dividend payout ratio has also been increasing year-on-year, reaching a maximum of 61.16% in 2022. The company’s operating profit margin (OPM) has remained consistently high, with a minimum of 76.78% in 2019 and a maximum of 88.06% in 2021. 

Overall, PGCI has shown steady growth in revenue and profitability, with impressive percentage growth in PAT and EPS over the years.

Power Grid Corporation of India share price target by Experts

Power Grid Corporation of India share price target by Emkay Global

Emkay Global Financial is optimistic about Power Grid Corporation and has advised buying the stock with a predicted value of Rs 250.

Power Grid Corporation of India share price target by Sharekhan

Sharekhan has a positive outlook for Power Grid Corporation of India and has given it a buy rating with a target price of Rs 265.

Power Grid Corporation of India share price target by JM Financial 

JM Financial has suggested investors to include Power Grid in their portfolio with a price projection of Rs 255.

FAQS

Will the share price of Power Grid Corporation of India increase in 2023?

It is anticipated that Power Grid Corporation of India per share price will increase to ₹291.41 by the end of 2023.

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 ₹494.89.

Does 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 163,016 crore.

Can Power Grid reach 1000 INR by 2030?

Yes, according to our analysis, it can reach 1000 INR by 2030. The maximum it could reach is Rs. 1,212 by the end of 2030.

Write the share price target 2030 of Power Grid Corporation of India.

The share price of Power Grid Corporation of India might reach around ₹1,212.47 by the end of 2030.

Can 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 analyse 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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