Power Grid Corporation of India Limited (POWERGRID) - Net Assets
Based on the latest financial reports, Power Grid Corporation of India Limited (POWERGRID) has net assets worth Rs1.00 Trillion INR (≈ $10.87 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs2.95 Trillion ≈ $31.87 Billion USD) and total liabilities (Rs1.94 Trillion ≈ $21.01 Billion USD). 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. Check POWERGRID tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.00 Trillion |
| % of Total Assets | 34.1% |
| Annual Growth Rate | 12.13% |
| 5-Year Change | 31.8% |
| 10-Year Change | 101.53% |
| Growth Volatility | 10.56 |
Power Grid Corporation of India Limited - Net Assets Trend (2003–2026)
This chart illustrates how Power Grid Corporation of India Limited's net assets have evolved over time, based on quarterly financial data. See Power Grid Corporation of India Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Power Grid Corporation of India Limited (2003–2026)
The table below shows the annual net assets of Power Grid Corporation of India Limited from 2003 to 2026. For live valuation and market cap data, see Power Grid Corporation of India Limited (POWERGRID) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs1.00 Trillion ≈ $10.87 Billion |
+8.45% |
| 2025-03-31 | Rs926.63 Billion ≈ $10.02 Billion |
+6.33% |
| 2024-03-31 | Rs871.45 Billion ≈ $9.42 Billion |
+7.52% |
| 2023-03-31 | Rs810.49 Billion ≈ $8.77 Billion |
+6.30% |
| 2022-03-31 | Rs762.47 Billion ≈ $8.25 Billion |
+9.02% |
| 2021-03-31 | Rs699.36 Billion ≈ $7.56 Billion |
+8.10% |
| 2020-03-31 | Rs646.95 Billion ≈ $7.00 Billion |
+9.49% |
| 2019-03-31 | Rs590.88 Billion ≈ $6.39 Billion |
+8.57% |
| 2018-03-31 | Rs544.26 Billion ≈ $5.89 Billion |
+9.15% |
| 2017-03-31 | Rs498.65 Billion ≈ $5.39 Billion |
+16.05% |
| 2016-03-31 | Rs429.68 Billion ≈ $4.65 Billion |
+11.78% |
| 2015-03-31 | Rs384.39 Billion ≈ $4.16 Billion |
+10.78% |
| 2014-03-31 | Rs346.98 Billion ≈ $3.75 Billion |
+31.42% |
| 2013-03-31 | Rs264.03 Billion ≈ $2.86 Billion |
+11.96% |
| 2012-03-31 | Rs235.83 Billion ≈ $2.55 Billion |
+10.11% |
| 2011-03-31 | Rs214.18 Billion ≈ $2.32 Billion |
+34.35% |
| 2010-03-31 | Rs159.42 Billion ≈ $1.72 Billion |
-6.27% |
| 2009-03-31 | Rs170.09 Billion ≈ $1.84 Billion |
+10.08% |
| 2008-03-31 | Rs154.51 Billion ≈ $1.67 Billion |
+44.37% |
| 2007-03-31 | Rs107.03 Billion ≈ $1.16 Billion |
+7.00% |
| 2006-03-31 | Rs100.02 Billion ≈ $1.08 Billion |
+3.74% |
| 2005-03-31 | Rs96.41 Billion ≈ $1.04 Billion |
+19.05% |
| 2004-03-31 | Rs80.99 Billion ≈ $875.85 Million |
+12.21% |
| 2003-03-31 | Rs72.18 Billion ≈ $780.55 Million |
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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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs93.01 Billion | 9.25% |
| Other Components | Rs911.93 Billion | 90.75% |
| Total Equity | Rs1.00 Trillion | 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 |
|---|---|
|
Nan Ya Plastics Corp
TW:1303
|
$28.73 Billion |
|
Samsung SDI
KO:006400
|
$28.74 Billion |
|
GE HealthCare Technologies Inc.
NASDAQ:GEHC
|
$28.76 Billion |
|
Teledyne Technologies Incorporated
NYSE:TDY
|
$28.79 Billion |
|
Otis Worldwide Corp
NYSE:OTIS
|
$28.65 Billion |
|
Wiwynn Corp
TW:6669
|
$28.57 Billion |
|
Coupang LLC
NYSE:CPNG
|
$28.56 Billion |
|
George Weston Limited
TO:WN
|
$28.55 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 2025 to 2026, total equity changed from 926,628,100,000 to 1,004,940,300,000, a change of 78,312,200,000 (8.5%).
- Net income of 187,023,400,000 contributed positively to equity growth.
- Dividend payments of 83,705,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 833,622,100,000.
- Other factors increased equity by 808,616,400,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs187.02 Billion | +18.61% |
| Dividends Paid | Rs83.71 Billion | -8.33% |
| Other Comprehensive Income | Rs-833.62 Billion | -82.95% |
| Other Changes | Rs808.62 Billion | +80.46% |
| Total Change | Rs- | 8.45% |
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: 2.64x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 36.75x to 2.64x 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 | Rs7.76 | Rs285.15 | x |
| 2004-03-31 | Rs8.71 | Rs285.15 | x |
| 2005-03-31 | Rs10.36 | Rs285.15 | x |
| 2006-03-31 | Rs10.75 | Rs285.15 | x |
| 2007-03-31 | Rs11.50 | Rs285.15 | x |
| 2008-03-31 | Rs16.61 | Rs285.15 | x |
| 2009-03-31 | Rs18.28 | Rs285.15 | x |
| 2010-03-31 | Rs17.14 | Rs285.15 | x |
| 2011-03-31 | Rs23.02 | Rs285.15 | x |
| 2012-03-31 | Rs25.35 | Rs285.15 | x |
| 2013-03-31 | Rs28.38 | Rs285.15 | x |
| 2014-03-31 | Rs37.30 | Rs285.15 | x |
| 2015-03-31 | Rs41.32 | Rs285.15 | x |
| 2016-03-31 | Rs46.19 | Rs285.15 | x |
| 2017-03-31 | Rs53.60 | Rs285.15 | x |
| 2018-03-31 | Rs58.50 | Rs285.15 | x |
| 2019-03-31 | Rs63.52 | Rs285.15 | x |
| 2020-03-31 | Rs69.56 | Rs285.15 | x |
| 2021-03-31 | Rs56.40 | Rs285.15 | x |
| 2022-03-31 | Rs81.96 | Rs285.15 | x |
| 2023-03-31 | Rs89.23 | Rs285.15 | x |
| 2024-03-31 | Rs93.70 | Rs285.15 | x |
| 2025-03-31 | Rs99.64 | Rs285.15 | x |
| 2026-03-31 | Rs108.08 | Rs285.15 | 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): 18.61%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.02%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 2.93x
- Recent ROE (18.61%) is above the historical average (14.09%), 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 | Rs-791.60 Million |
| 2004 | 9.24% | 33.06% | 0.09x | 2.95x | Rs-616.68 Million |
| 2005 | 8.15% | 31.26% | 0.10x | 2.68x | Rs-1.79 Billion |
| 2006 | 10.09% | 32.08% | 0.11x | 2.98x | Rs87.31 Million |
| 2007 | 11.49% | 34.25% | 0.10x | 3.43x | Rs1.59 Billion |
| 2008 | 9.37% | 31.39% | 0.11x | 2.80x | Rs-966.54 Million |
| 2009 | 9.94% | 25.69% | 0.11x | 3.42x | Rs-102.43 Million |
| 2010 | 12.80% | 28.63% | 0.11x | 3.99x | Rs4.47 Billion |
| 2011 | 12.48% | 31.03% | 0.11x | 3.63x | Rs5.30 Billion |
| 2012 | 14.01% | 32.03% | 0.11x | 3.99x | Rs9.45 Billion |
| 2013 | 16.33% | 32.76% | 0.12x | 4.29x | Rs16.72 Billion |
| 2014 | 13.11% | 29.01% | 0.11x | 4.08x | Rs10.78 Billion |
| 2015 | 13.13% | 28.58% | 0.11x | 4.18x | Rs12.02 Billion |
| 2016 | 13.87% | 28.85% | 0.11x | 4.23x | Rs16.62 Billion |
| 2017 | 14.94% | 28.99% | 0.13x | 3.92x | Rs24.64 Billion |
| 2018 | 15.07% | 27.39% | 0.14x | 3.94x | Rs27.61 Billion |
| 2019 | 16.98% | 28.62% | 0.14x | 4.19x | Rs41.25 Billion |
| 2020 | 17.09% | 29.30% | 0.15x | 3.97x | Rs45.90 Billion |
| 2021 | 17.21% | 30.36% | 0.15x | 3.66x | Rs50.43 Billion |
| 2022 | 22.07% | 40.42% | 0.17x | 3.29x | Rs91.99 Billion |
| 2023 | 18.57% | 33.81% | 0.18x | 3.02x | Rs71.18 Billion |
| 2024 | 17.87% | 33.97% | 0.18x | 2.88x | Rs68.59 Billion |
| 2025 | 16.75% | 33.90% | 0.17x | 2.87x | Rs62.55 Billion |
| 2026 | 18.61% | 40.02% | 0.16x | 2.93x | Rs86.53 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: $256,317,774,415
- Average return on equity (ROE) among peers: 5.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Power Grid Corporation of India Limited (POWERGRID) | Rs1.00 Trillion | 8.90% | 1.93x | $28.68 Billion |
| BAJEL PROJECTS LTD (BAJEL) | $7.48 Billion | 2.71% | 2.40x | $249.66 Million |
| CESC Limited (CESC) | $131.89 Billion | 11.69% | 2.52x | $2.47 Billion |
| DPSC Limited (DPSCLTD) | $11.60 Billion | 1.40% | 0.93x | $80.77 Million |
| Energy Development Company Limited (ENERGYDEV) | $1.64 Billion | 1.79% | 1.86x | $8.43 Million |
| NLC India Limited (NLCINDIA) | $163.74 Billion | 6.67% | 2.04x | $4.70 Billion |
| NTPC Limited (NTPC) | $1.22 Trillion | 9.50% | 2.09x | $37.29 Billion |
About 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