Leading provider of electric utilities, Power Grid Corporation of India Ltd. (PGCIL) is essential to the Indian power industry. PGCIL is in charge of transmitting almost 50% of the nation’s total electricity generation thanks to its extensive network of transmission lines and substations. The company has built a solid reputation as a trustworthy participant in the power industry over the years, serving millions of Indians with sustainable and reasonably priced electricity.
Due to the company’s solid financial performance and potential for future expansion, investors have recently expressed a great interest in PGCIL’s stock. There are many things to consider as we anticipate the years 2023 to 2030.
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PGCIL IN RECENT NEWS
- The CSR work of PGCIL earns the company a Global Gold Award.
- Power Grid Corporation of India is positioned for an improved performance.
PGCIL SHARE PRICE TARGET 2023
| PGCIL SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| April 2023 | ₹237.25 | ₹182.50 |
| May 2023 | ₹197.71 | ₹152.08 |
| June 2023 | ₹237.25 | ₹182.50 |
| July 2023 | ₹284.70 | ₹219.00 |
| August 2023 | ₹313.17 | ₹240.90 |
| September 2023 | ₹328.83 | ₹252.95 |
| October 2023 | ₹313.17 | ₹240.90 |
| November 2023 | ₹344.49 | ₹264.99 |
| December 2023 | ₹385.83 | ₹296.79 |
The share price target for Power Grid Corporation of India Ltd (PGCIL) in 2023 is predicted to be a mixed bag of growth and decline. April, June, and October 2023 are expected to have the same share price targets, with a maximum of ₹237.25 and a minimum of ₹182.50. May 2023 is expected to witness a decline, with the minimum price target of ₹152.08 and the maximum of ₹197.71. July and September 2023 are predicted to be the months of significant growth, with the maximum share price target of ₹284.70 and ₹328.83, respectively, and the minimum targets of ₹219.00 and ₹252.95. August 2023 is also expected to indicate growth potential, with the maximum predicted to be ₹313.17 and the minimum expected to be ₹240.90. The share price is expected to witness a significant increase in November 2023, with the maximum predicted to be ₹344.49 and the minimum expected to be ₹264.99. The final month of 2023, December, is predicted to witness a further increase in the share price, with the maximum predicted to be ₹385.83 and the minimum expected to be ₹296.79.
PGCIL SHARE PRICE TARGET 2024
| PGCIL SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹406.13 | 1037.03 |
| February 2024 | ₹456.33 | ₹380.27 |
| March 2024 | ₹480.35 | ₹390.52 |
| April 2024 | ₹436.68 | ₹335.91 |
| May 2024 | ₹363.90 | ₹279.92 |
| June 2024 | ₹436.68 | ₹335.91 |
| July 2024 | ₹371.18 | ₹287.73 |
| August 2024 | ₹408.29 | ₹324.04 |
| September 2024 | ₹428.71 | ₹329.78 |
| October 2024 | ₹504.36 | ₹387.97 |
| November 2024 | ₹529.58 | ₹407.37 |
| December 2024 | ₹540.17 | ₹415.52 |
PGCIL is expected to experience a mix of growth and decline throughout the year. The year begins with a maximum target of ₹406.13 in January, which is significantly higher than the minimum target of ₹1037.03. However, the share price is predicted to decrease in February and March, with the minimum targets being ₹380.27 and ₹390.52, respectively. In April, the share price is expected to decline further, with a minimum target of ₹335.91. May marks another month of decline, with the minimum target predicted to be ₹279.92. The share price target for June is the same as that of April, with a maximum of ₹436.68 and a minimum of ₹335.91.
July 2024 is predicted to witness a slight increase in the share price, with the maximum target being ₹371.18, and the minimum target being ₹287.73. August 2024 is expected to be another month of growth, with the maximum target predicted to be ₹408.29, and the minimum expected to be ₹324.04. September 2024 is also predicted to be a month of growth, with the maximum target predicted to be ₹428.71 and the minimum expected to be ₹329.78. In October 2024, the share price is predicted to increase significantly, with the maximum target predicted to be ₹504.36, and the minimum expected to be ₹387.97. November 2024 is also predicted to be a month of growth, with the maximum target being ₹529.58 and the minimum target being ₹407.37. The year ends with a maximum target of ₹540.17 in December 2024, and a minimum target of ₹415.52. The maximum and minimum share price targets for 2024 are ₹540.17 and ₹279.92, respectively.
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PGCIL SHARE PRICE TARGET 2025
| PGCIL SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹550.98 | ₹423.83 |
| February 2025 | ₹579.97 | ₹446.13 |
| March 2025 | ₹608.97 | ₹468.44 |
| April 2025 | ₹543.73 | ₹418.25 |
| May 2025 | ₹494.30 | ₹380.23 |
| June 2025 | ₹543.73 | ₹418.25 |
| July 2025 | ₹517.83 | ₹398.33 |
| August 2025 | ₹539.41 | ₹414.93 |
| September 2025 | ₹566.38 | ₹435.68 |
| October 2025 | ₹600.36 | ₹461.82 |
| November 2025 | ₹642.39 | ₹494.15 |
| December 2025 | ₹655.24 | ₹504.03 |
In January, the maximum share price target is predicted to be ₹550.98, with a minimum of ₹423.83. February and March 2025 are also expected to see an increase in share price, with the maximum targets predicted to be ₹579.97 and ₹608.97, respectively, and the minimum targets expected to be ₹446.13 and ₹468.44, respectively. April and June 2025 share the same price targets as January, with a maximum of ₹543.73 and a minimum of ₹418.25.
Looking towards the latter half of the year, July 2025 is expected to see a maximum share price target of ₹517.83 and a minimum of ₹398.33. August and September are expected to see further growth, with a maximum of ₹539.41 and ₹566.38, and a minimum of ₹414.93 and ₹435.68, respectively. In October 2025, the maximum share price target is expected to be ₹600.36, with a minimum of ₹461.82. November 2025 is expected to be a particularly strong month, with a maximum share price target of ₹642.39, and a minimum of ₹494.15. Finally, in December 2025, the maximum share price target is predicted to be ₹655.24, with a minimum of ₹504.03.
PGCIL SHARE PRICE TARGET 2026 TO 2030
| PGCIL SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹458.67 | ₹321.07 |
| 2027 | ₹389.87 | ₹272.91 |
| 2028 | ₹701.76 | ₹491.23 |
| 2029 | ₹1,441.52 | ₹1,009.07 |
| 2030 | ₹1,605.33 | ₹1,123.73 |
The predicted share price target for PGCIL in 2026 indicates a decline, with the maximum price expected to be ₹458.67 and the minimum price expected to be ₹321.07. In 2027, the share price target is predicted to remain relatively stable, with the maximum predicted to be ₹389.87 and the minimum expected to be ₹272.91. However, in 2028, there is expected to be a significant increase in the share price, with the maximum predicted to be ₹701.76 and the minimum expected to be ₹491.23. This trend is expected to continue in 2029, with the maximum share price target predicted to be ₹1,441.52 and the minimum predicted to be ₹1,009.07. In 2030, the share price target for PGCIL indicates further growth potential, with the maximum predicted to be ₹1,605.33 and the minimum expected to be ₹1,123.73.
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FINANCIAL STRENGTH OF PGCIL (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 |
From the financial bank statement of Power Grid Corporation of India Limited (PGCIL), it can be observed that the company has seen a steady growth in its revenue over the past five years. The total revenue for FY 2022 stood at ₹42,697.90 crores, showing a growth of 4.59% compared to the previous fiscal year. The company’s total expenses have also increased, with FY 2022 seeing a total expense of ₹25,957.32 crores, which is a growth of 4.58% compared to the previous fiscal year.
Despite the increase in expenses, PGCIL has been able to maintain a healthy operating profit margin of around 59%, which is a positive sign for the company’s financial health. In terms of profitability, the company has seen a significant increase in its profit after tax (PAT) over the years, with FY 2022 seeing a PAT of ₹16,824.07 crores, showing a growth of 39.78% compared to the previous fiscal year. This growth in profit can be attributed to the company’s focus on cost optimization and increasing operational efficiency.
PGCIL has also shown consistent growth in its earnings per share (EPS) over the past five years, with the basic EPS for FY 2022 standing at ₹24.12. The company’s net profit margin has also improved steadily over the years, reaching 40.42% for FY 2022. This indicates the company’s ability to generate profit from its operations.
Overall, the financial bank statement of PGCIL shows that the company has been able to maintain a steady growth trajectory in terms of revenue, profit, and EPS over the years. Although there have been fluctuations in growth percentages, the company has consistently shown positive growth in these areas. The maximum and minimum figures for the period can be obtained by referring to the table above.
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FAQ’s
What is PGCIL?
PGCIL stands for Power Grid Corporation of India Limited, which is a state-owned enterprise responsible for the transmission of electricity across India.
How is PGCIL performing financially?
Based on the financial statement provided, PGCIL has been performing well over the last five years, with consistent growth in revenue and profit after tax (PAT). The company has also been able to maintain a healthy operating profit margin and net profit margin.
What is the revenue growth percentage for PGCIL in the last five years?
The revenue growth percentage for PGCIL in the last five years has been consistently positive, with a growth rate of 4.59% in FY 2022, 5.57% in FY 2021, 8.44% in FY 2020, 17.19% in FY 2019, and 15.78% in FY 2018.
What is the PAT growth percentage for PGCIL in the last five years?
The PAT growth percentage for PGCIL in the last five years has also been positive, with a growth rate of 39.78% in FY 2022, 8.83% in FY 2021, 10.22% in FY 2020, 22.30% in FY 2019, and 10.11% in FY 2018.
What is the maximum and minimum revenue and profit after tax (PAT) for PGCIL in the last five years?
The maximum revenue and PAT for PGCIL in the last five years were ₹42,697.90 crore and ₹16,824.07 crore, respectively, in FY 2022. The minimum revenue and PAT for PGCIL in the last five years were ₹30,430.54 crore and ₹8,204.00 crore, respectively, in FY 2018.
CONCLUSION: PGCIL SHARE PRICE TARGET
According to the growth in income, PAT, revenue, and profit over the previous five years, PGCIL seems to be a promising business with a history of stable growth. The business has consistently increased revenue, which over time has resulted in bigger profits. The PAT has grown significantly over time as well. The financials of PGCIL demonstrate that it is a successful business that has produced income and profits for its owners. The company has been able to sustain operational effectiveness as seen by the operating and net profit margins being constant over time. PGCIL shares may be an excellent investment overall due to the company’s solid financial situation and sustained growth throughout the years.
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