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
PGC IN RECENT NEWS
- The investment of Rs. 4,070 crore in Kurnool has been approved by Power Grid Corporation.
- Power Grid emerges as the leading bidder for 2 projects in Chhattisgarh, resulting in a surge in share prices.
- Power Grid Corp and NTPC experience a 3% increase in share prices, reaching their highest levels in 3 months.
PGC SHARE PRICE TARGET 2023
| PGC SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| March 2023 | ₹230.15 | ₹177.04 |
| April 2023 | ₹253.17 | ₹194.74 |
| May 2023 | ₹210.97 | ₹162.29 |
| June 2023 | ₹253.17 | ₹194.74 |
| July 2023 | ₹303.80 | ₹233.69 |
| August 2023 | ₹334.18 | ₹257.06 |
| September 2023 | ₹350.89 | ₹269.91 |
| October 2023 | ₹334.18 | ₹257.06 |
| November 2023 | ₹367.60 | ₹282.77 |
| December 2023 | ₹411.71 | ₹316.70 |
The predicted share price for Power Grid Corporation in March 2023 is ₹230.15, with a minimum price of ₹177.04. From April to June 2023, there is a significant uptrend in the share price, with the maximum price reaching ₹253.17 and the minimum price increasing to ₹194.74. In July 2023, there is a further bullish trend with the maximum price surging to ₹303.80, a 20% increase from the previous month. August 2023 continues this trend with a maximum price of ₹334.18, which represents a 10% increase from the previous month. September and November 2023 also show an uptrend with the maximum price increasing to ₹350.89 and ₹367.60, respectively. The year-end is expected to close on a high note with a maximum price of ₹411.71 in December 2023.
PGC SHARE PRICE TARGET 2024
| PGC SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹433.38 | 1037.03 |
| 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 (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Revenue | 42,697.90 | 40,823.53 | 38,670.96 | 35,661.32 | 30,430.54 |
| Total Revenue Growth (%) | 4.59 | 5.57 | 8.44 | 17.19 | 15.78 |
| Total Expenses | 25,957.32 | 24,820.56 | 25,919.34 | 24,116.10 | 20,391.92 |
| Total Expenses Growth (%) | 4.58 | -4.24 | 7.48 | 18.26 | 19.69 |
| Profit after Tax (PAT) | 16,824.07 | 12,036.46 | 11,059.40 | 10,033.52 | 8,204.00 |
| PAT Growth (%) | 39.78 | 8.83 | 10.22 | 22.30 | 10.11 |
| Operating Profit Margin (%) | 59.53 | 60.89 | 58.97 | 57.85 | 57.96 |
| Net Profit Margin (%) | 40.42 | 30.36 | 29.30 | 28.61 | 27.38 |
| Basic EPS (₹) | 24.12 | 23.01 | 21.14 | 19.18 | 15.68 |
The financial statements of Power Grid Corporation for the last five years reflect steady growth and stability in its operations. The company’s total revenue has consistently grown year on year, with a revenue growth rate ranging from 4.59% to 17.19%. However, the growth rate in total expenses has varied over the years, with a decline of 4.24% in FY 2021 and a surge of 19.69% in FY 2018. The company’s profitability has also increased consistently, as evidenced by the steady growth in profit after tax (PAT) over the years. The PAT growth rate ranges from 8.83% to 39.78%. The company has maintained a healthy operating profit margin, with a maximum of 60.89% in FY 2021 and a minimum of 57.85% in FY 2019. Additionally, the net profit margin has also been healthy, ranging from 27.38% to 40.42%. The Basic EPS has also shown steady growth, reaching a high of ₹24.12 in FY 2022. Overall, Power Grid Corporation has demonstrated consistent growth and profitability in its operations over the last five years.
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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.
