POWERGRID · NSE
Power Grid Corporation
Phase 4 · Capital Return
Profitable, cash-generative, and returning capital to shareholders through dividends.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
2.1%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
2.6%
Operating cash flow
₹40935 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2026-08-12
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹46733 Cr. Net profit ends at ₹15928 Cr. Operating cash flow ends at ₹40935 Cr.
Judge management on
Capital allocation — are dividends sized sensibly against free cash flow?
Key metric to watch
Free cash flow and the dividend payout ratio.
Typically valued on
Price/earnings and dividend yield.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹39640 Cr | ₹12036 Cr | ₹29403 Cr |
| Mar 2022 | ₹41622 Cr | ₹16824 Cr | ₹26124 Cr |
| Mar 2023 | ₹45581 Cr | ₹15417 Cr | ₹38005 Cr |
| Mar 2024 | ₹45843 Cr | ₹15573 Cr | ₹37290 Cr |
| Mar 2025 | ₹45792 Cr | ₹15521 Cr | ₹36222 Cr |
| Mar 2026 | ₹46733 Cr | ₹15928 Cr | ₹40935 Cr |
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