The evidence leans constructive4 supporting, 2 against, 1 worth knowing
Supporting
matches trading far more than usual, which has beaten the market by +0.45 points over 20 sessions across 52,251 past signals
3 independent kinds of evidence agree today, which is uncommon
priced at 16× earnings against an industry median of 23× — 31% below its peers
futures show a long buildup — the move is being funded by new positions
Against
trading 5% below its 200-day average
down 5% over twelve months
Worth knowing
revenue grew 3% year on year in the quarter ending 2026-06-30
POWERGRID sits in Public sector, Central PSUs, Infrastructure — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close back above 286, its 200-day average; open interest reversing while price keeps going.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
What is working, what is not
read from the filings, with the figure behind every line
Working1
Operating cash flow was Rs 40,931 cr against Rs 15,896 cr of profit over four quarters, 257% of it.
Rs 40,931 crRs 15,896 cr257%
Needs watching2
Transmission is 93% of revenue, so the business rests on one segment.
Transmission93%
Net margin moved from 32.4% to 31.3%.
32.4%31.3%
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.
How it has performed
price return over each window, measured against zero
What the scans say today
3 of 47 matched on 2026-08-21
POWERGRID matches 3 of the 47 scans today, across 3 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.
segments and revenue mix, as the company reports them
POWERGRID reports 3 business segments. The largest is Transmission at 93% of revenue in the quarter ending 2026-06-30. On these numbers this is effectively a single-segment business, so the group result and that segment’s result move together.
SegmentRevenueSharevs a year ago
Transmission10,929 cr93.4%—
Consultancy519 cr4.4%—
Telecom252 cr2.2%—
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.
Quality of the business
balance sheet as at 2026-03-31
Return on equity
15.8%
trailing profit over shareholders’ funds
Return on capital
7.1%
pre-tax profit over equity plus borrowings
Debt to equity
1.47×
148,009 cr borrowed against 100,494 cr of equity
Net debt
142,728 cr
borrowings less cash
Cash conversion
257%
operating cash flow as a share of profit
Receivable days
91
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.
Valuation against its own history
500 sessions since 2024-09-06
16×
median 17×
20×
now 16×
POWERGRID trades at 16× trailing earnings, below its median of 17× over this window — 9% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
AGM / EGM filings were typically +0.00pt vs the market over the next 5 sessions (n=4,362) · Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093) · Management filings were typically -0.01pt vs the market over the next 5 sessions (n=1,988)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 3% against the same quarter a year earlier
Going against it
profit dropped 1% year on year
net margin narrowed from 39.0% to 31.3%
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
2026-06-30 · consolidated
11,497
4,585
3,598
3.87
31.3%
Q4 FY26
2026-03-31 · consolidated
11,666
3,901
4,546
4.89
39.0%
Q3 FY26
2025-12-31 · consolidated
12,395
5,285
4,185
4.50
33.8%
Q2 FY26
2025-09-30 · consolidated
11,476
3,937
3,566
3.84
31.1%
Q1 FY26
2025-06-30 · consolidated
11,196
4,330
3,631
3.90
32.4%
Q4 FY25
2025-03-31 · consolidated
12,275
5,041
4,143
4.46
33.7%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-3.3%
Versus 200-day average-4.6%
Below 52-week high-15.1%
Above 52-week low+7.2%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)32.2
Higher closes in last 54 of 5
Six-month return−10.17%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)2.02%
Volume versus 20-day2.0x
Median daily turnoverRs 221.8 cr
Derivatives
near expiry 2026-08-25 · 2026-08-20
Long Buildup
Price up, open interest up. New buyers are arriving rather than old sellers leaving — the move is being funded, not squeezed.
Futures basis versus spot+0.29%
Open interest change+0.6%
Put / call ratio0.59
Put wall (support)260
Call wall (resistance)290
Max pain272
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.
Peers
Power · 21 classified companies
POWERGRID trades at 15.9× trailing earnings against an industry median of 23.0× across 19 other classified companies in its industry — cheaper than them, by 31%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet
Recent sessions
what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.