The Power Grid Company of India Ltd (PGCIL), one of India’s top power transmission firms, is essential to the nation’s energy infrastructure. PGCIL makes sure that the electricity produced at power plants reaches consumers all over the country with the use of its extensive network of transmission lines and substations.
PGCIL is a crucial player to keep an eye on for investors interested in the Indian power industry. The company’s solid financial performance and growth prospects are reflected in the share price, which has been on an upward trend over the previous few years. This article will examine PGCIL’s share price target for the years 2023 to 2030 in more detail.
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Contents
HOW TO BUY PGC SHARES?
You have the option to purchase shares of Power Grid Corporation of India through the following trading platforms:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICI Direct
PGC IN RECENT NEWS
- The investment of Rs. 4,070 crore in Kurnool has been approved by Power Grid Corporation.
- The intrinsic value of Power Grid Corporation of India Limited (NSE: POWERGRID) may potentially be 19% lower than its current share price.
- Power Grid Corporation secures the lowest bid for the inter-state transmission system.
- Power Grid Corporation’s Q1 Financial Results: Net profit registers a 5.9% decline to ₹3,542 crore; board sanctions bonus shares and fundraising measures.
- Power Grid shares witness a 5% decline following a Q1 net profit decrease.
- Investors who put their money into Power Grid Corporation of India (NSE: POWERGRID) three years ago have seen their investment grow by an impressive 123%.
PGC SHARE PRICE TARGET 2023
| PGC SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| September 2023 | ₹200.00 | ₹181.82 |
| October 2023 | ₹194.17 | ₹176.52 |
| November 2023 | ₹198.06 | ₹180.05 |
| December 2023 | ₹204.00 | ₹170.00 |
The predicted share price for Power Grid Corporation in September 2023 is ₹200.0, with a minimum price of ₹181.82. From September to December 2023, there is a significant uptrend in the share price, with the maximum price reaching ₹200.0 and the minimum price increasing to ₹181.82. September and November 2023 also show an uptrend with the maximum price increasing to ₹200.00 and ₹198.06, respectively. The year-end is expected to close on a high note with a maximum price of ₹204.00 in December 2023.
PGC SHARE PRICE TARGET 2024
| PGC SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹433.38 | ₹394.75 |
| February 2024 | ₹486.94 | ₹405.78 |
| March 2024 | ₹512.57 | ₹416.72 |
| April 2024 | ₹465.97 | ₹358.44 |
| May 2024 | ₹388.31 | ₹298.70 |
| June 2024 | ₹465.97 | ₹358.44 |
| July 2024 | ₹396.07 | ₹307.03 |
| August 2024 | ₹435.68 | ₹345.78 |
| September 2024 | ₹457.47 | ₹351.90 |
| October 2024 | ₹538.20 | ₹414.00 |
| November 2024 | ₹565.11 | ₹434.70 |
| December 2024 | ₹576.41 | ₹443.39 |
The predicted share price for Power Grid Corporation in January 2024 is ₹433.38, which represents a significant increase from the year-end price in December 2023. The maximum price for the year is expected to be ₹576.41 in December 2024, which is a 40% increase from the year-end price in 2023. However, it is important to note that there are fluctuations throughout the year, with the minimum price dropping to ₹298.70 in May 2024.
From February to April 2024, the share price is expected to remain within a range of ₹405.78 to ₹465.97. In July 2024, the minimum price drops again to ₹307.03, but then rebounds to ₹435.68 in August 2024. The maximum price shows a significant increase in October and November 2024, with the price reaching ₹538.20 and ₹565.11, respectively.
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PGC SHARE PRICE TARGET 2025
| PGC SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹587.94 | ₹452.26 |
| February 2025 | ₹618.88 | ₹476.06 |
| March 2025 | ₹649.82 | ₹499.86 |
| April 2025 | ₹580.20 | ₹446.31 |
| May 2025 | ₹527.45 | ₹405.73 |
| June 2025 | ₹580.20 | ₹446.31 |
| July 2025 | ₹552.57 | ₹425.05 |
| August 2025 | ₹575.60 | ₹442.77 |
| September 2025 | ₹604.37 | ₹464.90 |
| October 2025 | ₹640.64 | ₹492.80 |
| November 2025 | ₹685.48 | ₹527.29 |
| December 2025 | ₹699.19 | ₹537.84 |
The predicted share price for Power Grid Corporation in January 2025 is ₹587.94, which is a 30% increase from the year-end price in 2024. The maximum price for the year is expected to be ₹699.19 in December 2025, representing a 22% increase from the year’s starting price. However, the share price is also expected to experience some fluctuations throughout the year, with the minimum price dropping to ₹405.73 in May 2025.
From January to March 2025, the share price is expected to increase steadily, with the maximum price reaching ₹649.82 in March. In April and May 2025, the share price drops slightly to ₹580.20 and ₹527.45, respectively. However, it rebounds in June 2025 and reaches ₹580.20 again. The minimum price drops to ₹425.05 in July 2025, but then rebounds to ₹575.60 in August 2025.
The maximum price for the year is expected to be ₹640.64 in October 2025, with the share price then increasing to ₹685.48 in November 2025. The year is expected to end with a share price of ₹699.19 in December 2025.
PGC SHARE PRICE TARGET 2026 TO 2030
| PGC SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹489.43 | ₹342.60 |
| 2027 | ₹416.02 | ₹291.21 |
| 2028 | ₹748.83 | ₹524.18 |
| 2029 | ₹1,538.22 | ₹1,076.76 |
| 2030 | ₹1,713.02 | ₹1,199.11 |
Power Grid Corporation is expected to experience a fluctuating trend in its share prices for the years 2026 to 2030. In 2026, the maximum and minimum share price targets are expected to be ₹489.43 and ₹342.60 respectively. Moving forward, in 2027, the maximum and minimum share price targets are expected to be ₹416.02 and ₹291.21 respectively. However, in 2028, Power Grid Corporation is expected to show an uptrend, with the maximum and minimum share price targets projected to be ₹748.83 and ₹524.18 respectively. By 2029, Power Grid Corporation is expected to experience significant growth, with the maximum and minimum share price targets estimated to be ₹1,538.22 and ₹1,076.76 respectively. Finally, in 2030, the maximum and minimum share price targets are expected to be ₹1,713.02 and ₹1,199.11 respectively. It is clear that while the growth percentage is predicted to fluctuate in the upcoming years, Power Grid Corporation’s overall growth outlook remains bullish for the foreseeable future.
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FINANCIAL STRENGTH OF POWER GRID CORPORATION OF INDIA LTD (2019 TO 2023)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales (TTM) | 35,059 | 37,744 | 39,640 | 41,622 | 45,581 |
| Operating Profit (TTM) | 26,920 | 32,886 | 34,906 | 35,826 | 38,580 |
| Other Income (TTM) | 1,505 | 2,820 | 769 | 4,692 | 2,089 |
| Interest Expenses | 8,737 | 9,509 | 8,135 | 8,036 | 9,634 |
| Depreciation | 10,541 | 11,607 | 12,039 | 12,872 | 13,333 |
| Profit before Tax | 9,147 | 14,590 | 15,501 | 19,610 | 17,702 |
| Tax Rate | -10% | 24% | 22% | 14% | 13% |
| Net Profit (TTM) | 10,034 | 11,059 | 12,036 | 16,824 | 15,417 |
| EPS (TTM) | 10.79 | 11.89 | 12.94 | 18.09 | 16.58 |
| Dividend Payout % | 43% | 47% | 52% | 61% | 67% |
- Revenue Growth: The company has consistently experienced revenue growth over this period, with sales increasing from Rs 35,059 crores in March 2019 to Rs 45,581 crores in March 2023.
- Operating Profit: Operating profit has also shown steady growth, reaching Rs 38,580 crores in March 2023. This indicates the company’s ability to manage its operations efficiently.
- Other Income Fluctuations: Other income has fluctuated, with a significant spike in March 2020 and March 2022. It’s essential to investigate the reasons behind these fluctuations.
- Interest Expenses: Interest expenses have gradually increased over the years, reaching Rs 9,634 crores in March 2023. Managing and reducing interest costs may be a priority.
- Depreciation: Depreciation expenses have increased steadily, reflecting the company’s investment in assets. This is a common trend in infrastructure-related industries.
- Tax Rate Anomaly: There is an anomaly in the tax rate for March 2019, which is reported as -10%. This needs further examination, as negative tax rates are unusual.
- Profit Before Tax: The company’s profit before tax has generally been on an upward trajectory, reaching Rs 17,702 crores in March 2023.
- Earnings per Share (EPS): EPS has shown consistent growth, indicating an improvement in profitability for shareholders.
- Dividend Payout: The dividend payout ratio has steadily increased, reflecting the company’s commitment to returning value to shareholders.
Conclusion: Based on the financial data presented, it is evident that the company has shown consistent growth in revenue and profitability over the last five years. However, there are some anomalies in the data, such as the negative tax rate in March 2019, which require further investigation.
The company should focus on managing and potentially reducing interest expenses to improve profitability further. Additionally, understanding the fluctuations in other income is crucial for long-term financial planning.
Overall, the company’s financial performance appears positive, but a more detailed analysis and examination of anomalies are necessary to make informed investment or strategic decisions.
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POINTS TO KEEP IN MIND WHILE INVESTING IN POWER GRID CORPORATION OF INDIA LTD SHARES:
- The stock offers an attractive dividend yield of 5.70%.
- The company consistently maintains a robust dividend payout ratio of 60.0%.
- However, the company has shown sluggish sales growth, averaging just 8.76% over the past five years.
- The tax rate appears to be relatively low.
- There is a possibility that the company is capitalizing the interest cost.
POWER GRID CORPORATION OF INDIA LTD SHARE PRICE TARGET BY EXPERTS:
- Emkay Global Financial is bullish on Power Grid Corporation of India, recommending a buy with a target price of Rs 250.(13 september,2023)
- Sharekhan also has a positive view on Power Grid Corporation of India, issuing a buy rating and setting a target price of Rs 265.(30 March,2023)
- JM Financial suggests including Power Grid Corporation of India in investors’ portfolios and anticipates a price target of Rs 255 for the stock.(3 March,2023)
FAQ’s
The maximum share price target of Power Grid Corporation in 2028 is Rs. 748.83
The maximum share price target of Power Grid Corporation in 2029 is Rs. 1538.22
The maximum share price target of Power Grid Corporation in 2030 is Rs. 1713.02
CONCLUSION: POWER GRID CORPORATION OF INDIA LIMITED
According to the financial accounts over the last five years, Power Grid Corporation appears to have consistently increased both its sales and profit as well as PAT. While the company’s profit growth rate varied from 8.83% to 39.78%, its revenue growth rate varied from 4.59% to 17.19%. A strong operational and net profit margin have also been maintained by the business, demonstrating effective cost control.
Given these elements, it might be argued that investing in the shares of Power Grid Company would be a wise decision. It’s crucial to keep in mind that the stock market can be unpredictable, and that past performance may not necessarily be a reliable predictor of future performance.Based on expert views, the company’s financial outlook appears positive, with a consistent revenue increase and strong operating profit margins. However, anomalies in tax rates and fluctuations in other income need further scrutiny. Managing rising interest expenses is crucial for sustained profitability, and a detailed analysis is recommended for a more informed investment decision.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.