Power Grid Corporation of India: Poised for better performance

Strong position in the market and focus on gaining market share, will improve the company’s prospects and earnings visibility

Jitendra Kumar Gupta
April 12, 2023 / 01:01 PM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights   Despite competition, the company won large number of projects   Growth visibility improving with higher transmission capex   New opportunities in renewables provides strong bid pipeline   Revenue diversification to support growth and margins   Stock trading 1.5 times fiscal 2025 book value The stock market was excessively worried in the past that Power Grid Corporation of India (Power Grid) could lose part of its market share to competitors. However, that has not happened so far. Despite competition, the company recently managed significant wins...