Power Grid Corporation of India Limited (POWERGRID.NS) stock analysis

In our weekly check, Power Grid Corporation of India Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 1, red flags: 7.

About Power Grid Corporation of India Limited

Power Grid Corporation of India Limited is an Utilities company (Regulated Electric) based in India, listed on NSE as POWERGRID.NS.

What our checks show for POWERGRID.NS

Red flags

• The gross margin fell by 33.3 points, to 64.7%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 7.7 points from today's 41.8%.
• Free cash flow is negative (-11.3% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 64% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 7.3 years.
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Revenue grew only 1% a year over the last 3 years.

Strengths

• Debt is low: 0x equity.
• The net margin rose by 1.4 points over 5 years, to 41.8%.
• Operating cash flow is 1.63x net profit: the profit arrives as real cash.
• The company keeps 41.8% of its revenue as net profit.
• The dividend takes 6% of profit: there is a cushion.
• A large company: market value $24.24 billion.

Next earnings report: 2026-11-10

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Questions

What grade does Power Grid Corporation of India Limited (POWERGRID.NS) have?

In our weekly check, Power Grid Corporation of India Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 1, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of POWERGRID.NS stock?

This week's biggest flags for Power Grid Corporation of India Limited: Gross margin falling, Margins expected to shrink, Weak free cash flow. In total 8 of 25 checks show a warning or a red flag.

What does Power Grid Corporation of India Limited do?

Power Grid Corporation of India Limited is an Utilities company (Regulated Electric) based in India, listed on NSE as POWERGRID.NS.

When does Power Grid Corporation of India Limited report earnings next?

The next earnings report is expected on 2026-11-10. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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