Power Grid Corporation of India Limited
Power Grid Corporation of India Limited, an electric power transmission utility, engages in the power transmission business in India and internationally. It operates in three segments: Transmission Services, Telecom Services, and Consultancy Services. As of 31 March 2025, the company owned and operated 180,195 circuit kilometers of transmission lines, and 282 substations with an aggregate transfo… Read more
Power Grid Corporation of India Limited (POWERGRID) - Net Assets
Latest net assets as of September 2025: ₹989.32 Billion INR
Based on the latest financial reports, Power Grid Corporation of India Limited (POWERGRID) has net assets worth ₹989.32 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹2.78 Trillion) and total liabilities (₹1.79 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹989.32 Billion |
| % of Total Assets | 35.53% |
| Annual Growth Rate | 12.3% |
| 5-Year Change | 32.5% |
| 10-Year Change | 115.66% |
| Growth Volatility | 10.76 |
Power Grid Corporation of India Limited - Net Assets Trend (2003–2025)
This chart illustrates how Power Grid Corporation of India Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Power Grid Corporation of India Limited (2003–2025)
The table below shows the annual net assets of Power Grid Corporation of India Limited from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹926.63 Billion | +6.33% |
| 2024-03-31 | ₹871.45 Billion | +7.52% |
| 2023-03-31 | ₹810.49 Billion | +6.30% |
| 2022-03-31 | ₹762.47 Billion | +9.02% |
| 2021-03-31 | ₹699.36 Billion | +8.10% |
| 2020-03-31 | ₹646.95 Billion | +9.49% |
| 2019-03-31 | ₹590.88 Billion | +8.57% |
| 2018-03-31 | ₹544.26 Billion | +9.15% |
| 2017-03-31 | ₹498.65 Billion | +16.05% |
| 2016-03-31 | ₹429.68 Billion | +11.78% |
| 2015-03-31 | ₹384.39 Billion | +10.78% |
| 2014-03-31 | ₹346.98 Billion | +31.42% |
| 2013-03-31 | ₹264.03 Billion | +11.96% |
| 2012-03-31 | ₹235.83 Billion | +10.11% |
| 2011-03-31 | ₹214.18 Billion | +34.35% |
| 2010-03-31 | ₹159.42 Billion | -6.27% |
| 2009-03-31 | ₹170.09 Billion | +10.08% |
| 2008-03-31 | ₹154.51 Billion | +44.37% |
| 2007-03-31 | ₹107.03 Billion | +7.00% |
| 2006-03-31 | ₹100.02 Billion | +3.74% |
| 2005-03-31 | ₹96.41 Billion | +19.05% |
| 2004-03-31 | ₹80.99 Billion | +12.21% |
| 2003-03-31 | ₹72.18 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Power Grid Corporation of India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2445110000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹24.45 Billion | 2.64% |
| Common Stock | ₹93.01 Billion | 10.04% |
| Other Comprehensive Income | ₹833.62 Billion | 89.96% |
| Total Equity | ₹926.63 Billion | 100.00% |
Power Grid Corporation of India Limited Competitors by Market Cap
The table below lists competitors of Power Grid Corporation of India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shriram Finance Limited
NSE:SHRIRAMFIN
|
$14.92 Billion |
|
Akamai Technologies Inc
NASDAQ:AKAM
|
$14.92 Billion |
|
XPENG INC. SP.ADS/2 CL.A
F:8XPA
|
$14.97 Billion |
|
Rogers Communications Inc
NYSE:RCI
|
$14.97 Billion |
|
Roivant Sciences Ltd
NASDAQ:ROIV
|
$14.91 Billion |
|
Standard Bank Group Limited
PINK:SBGOF
|
$14.90 Billion |
|
Metro Inc
PINK:MTRAF
|
$14.89 Billion |
|
Kratos Defense & Security Solutions
NASDAQ:KTOS
|
$14.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Power Grid Corporation of India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 871,451,100,000 to 926,628,100,000, a change of 55,177,000,000 (6.3%).
- Net income of 155,214,400,000 contributed positively to equity growth.
- Dividend payments of 97,656,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 802,586,300,000.
- Other factors decreased equity by 804,967,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹155.21 Billion | +16.75% |
| Dividends Paid | ₹97.66 Billion | -10.54% |
| Other Comprehensive Income | ₹802.59 Billion | +86.61% |
| Other Changes | ₹-804.97 Billion | -86.87% |
| Total Change | ₹- | 6.33% |
Book Value vs Market Value Analysis
This analysis compares Power Grid Corporation of India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 38.79x to 3.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-03-31 | ₹7.76 | ₹300.95 | x |
| 2004-03-31 | ₹8.71 | ₹300.95 | x |
| 2005-03-31 | ₹10.36 | ₹300.95 | x |
| 2006-03-31 | ₹10.75 | ₹300.95 | x |
| 2007-03-31 | ₹11.50 | ₹300.95 | x |
| 2008-03-31 | ₹16.61 | ₹300.95 | x |
| 2009-03-31 | ₹18.28 | ₹300.95 | x |
| 2010-03-31 | ₹17.14 | ₹300.95 | x |
| 2011-03-31 | ₹23.02 | ₹300.95 | x |
| 2012-03-31 | ₹25.35 | ₹300.95 | x |
| 2013-03-31 | ₹28.38 | ₹300.95 | x |
| 2014-03-31 | ₹37.30 | ₹300.95 | x |
| 2015-03-31 | ₹41.32 | ₹300.95 | x |
| 2016-03-31 | ₹46.19 | ₹300.95 | x |
| 2017-03-31 | ₹53.60 | ₹300.95 | x |
| 2018-03-31 | ₹58.50 | ₹300.95 | x |
| 2019-03-31 | ₹63.52 | ₹300.95 | x |
| 2020-03-31 | ₹69.56 | ₹300.95 | x |
| 2021-03-31 | ₹56.40 | ₹300.95 | x |
| 2022-03-31 | ₹81.96 | ₹300.95 | x |
| 2023-03-31 | ₹89.23 | ₹300.95 | x |
| 2024-03-31 | ₹93.70 | ₹300.95 | x |
| 2025-03-31 | ₹99.64 | ₹300.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Power Grid Corporation of India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.75%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.90%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.87x
- Recent ROE (16.75%) is above the historical average (13.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 8.90% | 30.03% | 0.10x | 2.93x | ₹-791.60 Million |
| 2004 | 9.24% | 33.06% | 0.09x | 2.95x | ₹-616.68 Million |
| 2005 | 8.15% | 31.26% | 0.10x | 2.68x | ₹-1.79 Billion |
| 2006 | 10.09% | 32.08% | 0.11x | 2.98x | ₹87.31 Million |
| 2007 | 11.49% | 34.25% | 0.10x | 3.43x | ₹1.59 Billion |
| 2008 | 9.37% | 31.39% | 0.11x | 2.80x | ₹-966.54 Million |
| 2009 | 9.94% | 25.69% | 0.11x | 3.42x | ₹-102.43 Million |
| 2010 | 12.80% | 28.63% | 0.11x | 3.99x | ₹4.47 Billion |
| 2011 | 12.48% | 31.03% | 0.11x | 3.63x | ₹5.30 Billion |
| 2012 | 14.01% | 32.03% | 0.11x | 3.99x | ₹9.45 Billion |
| 2013 | 16.33% | 32.76% | 0.12x | 4.29x | ₹16.72 Billion |
| 2014 | 13.11% | 29.01% | 0.11x | 4.08x | ₹10.78 Billion |
| 2015 | 13.13% | 28.58% | 0.11x | 4.18x | ₹12.02 Billion |
| 2016 | 14.00% | 28.17% | 0.12x | 4.23x | ₹17.18 Billion |
| 2017 | 14.94% | 28.99% | 0.13x | 3.92x | ₹24.64 Billion |
| 2018 | 15.06% | 27.38% | 0.14x | 3.94x | ₹27.56 Billion |
| 2019 | 16.98% | 28.80% | 0.14x | 4.19x | ₹41.25 Billion |
| 2020 | 17.09% | 30.05% | 0.14x | 3.97x | ₹45.90 Billion |
| 2021 | 17.21% | 30.62% | 0.15x | 3.66x | ₹50.43 Billion |
| 2022 | 22.07% | 40.42% | 0.17x | 3.29x | ₹91.99 Billion |
| 2023 | 18.57% | 33.81% | 0.18x | 3.02x | ₹71.18 Billion |
| 2024 | 17.87% | 33.97% | 0.18x | 2.88x | ₹68.59 Billion |
| 2025 | 16.75% | 33.90% | 0.17x | 2.87x | ₹62.55 Billion |
Industry Comparison
This section compares Power Grid Corporation of India Limited's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $180,784,702,610
- Average return on equity (ROE) among peers: 5.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Power Grid Corporation of India Limited (POWERGRID) | ₹989.32 Billion | 8.90% | 1.81x | $14.91 Billion |
| BAJEL PROJECTS LTD (BAJEL) | $6.66 Billion | 2.32% | 2.11x | $27.09 Million |
| CESC Limited (CESC) | $45.37 Billion | 5.89% | 0.97x | $1.21 Billion |
| DPSC Limited (DPSCLTD) | $8.80 Billion | 0.80% | 1.07x | $12.22 Million |
| Energy Development Company Limited (ENERGYDEV) | $3.28 Billion | -4.25% | 0.50x | $3.50 Million |
| Gujarat Industries Power Company Limited (GIPCL) | $17.56 Billion | 10.59% | 0.70x | $87.58 Million |
| NLC India Limited (NLCINDIA) | $138.71 Billion | 10.87% | 2.26x | $1.01 Billion |
| NTPC Limited (NTPC) | $1.05 Trillion | 10.09% | 1.63x | $19.17 Billion |