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POWERGRID Share Price Target

Power Grid Corporation of India Ltd.
Sector: Power
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POWERGRID Share Price *
186.1 +1.35 (0.73%)
* (quote may be delayed)
POWERGRID Share Price Forecast - Consensus
No. of reports in last year
12
No. of analysts
6
Average Consensus Forecast
223.83
Consensus Potential
17.16%

POWERGRID Share Price Target - Broker Reports - 2019

Prabhudas Lilladher
12-Nov-19
Price @ Call: 191.93
Target: 224
BUY
We believe Projects worth Rs660bn in hand imply good earnings visibility. We expect PGCIL to deliver 13% earnings growth over FY19–21E. The stock is trading reasonable valuations of 1.6x/1.5x FY20/21E P/BV. The stock also offers 4% dividend yield. We maintain our BUY rating with TP of Rs224.
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ICICIdirect.com
12-Nov-19
Price @ Call: 191.93
Target: 210
HOLD
Given the competitive intensity in the bidding, the IRR of the TBCB projects will be lower than earned on a regulated project. This will impact the return ratios in the long run given the change in nature of awarding projects. Also, lower capitalisation rate and capex trends will lead to 7% PAT CAGR in FY19- 21 vs. 22% PAT CAGR in FY15-18. This will also weigh on multiple expansion. Hence, we continue to value the stock at a P/BV multiple of 1.3x FY21E BV and arrive at a fair value of Rs 210/share.
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Prabhudas Lilladher
3-Aug-19
Price @ Call: 211
Target: 224
BUY
We expect company to announce higher dividend payouts (45% in FY19 vs 35% in FY18) due to lower capex guidance. The stock is currently trading at 1.7x/1.6x FY20/21E P/Bv. We are positive on the company due to 1) Only Power utility to report higher RoE (16-18%) on consistent basis, 2) Immune from any fuel related issue 3) Dividend yield of 4-4.7%. We maintain BUY rating with TP of Rs224 (implied multiple is 1.6x FY21 BV).
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Dolat Capital
2-Aug-19
Price @ Call: 211
Target: 245
BUY
Inline Q1, good defensive stock; Maintain Buy
PGCIL’s Q1FY20 results were in line with our estimates. The capex was 29bn and capitalization was 14.7bn in Q1. PGCIL is a good defensive stock, with growth built in by the strong capitalization, which has reached a peak in recent years. This should lead to stronger cash flows. It has maintained capex and capitalization guidance given in the beginning of the year. We maintain a Buy rating, with a TP of 245, at a valuation of P/BV 1.7x FY20E
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HDFC Securities
15-Jul-19
Price @ Call: 204.8
Target: 237
BUY
We feel investors could buy the stock at the CMP Rs 206.7 (1.4x FY21P/BV) and add on dips to Rs185-190 band (1.3x FY21P/BV) for sequential targets of Rs 230 (1.6x FY21P/BV) and Rs 244 (1.7x FY21P/BV) over the next 3-4 quarters.
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Geojit Financial Services
21-Jun-19
Price @ Call: 200.27
Target: 221
BUY
Valuation attractive, Maintain Buy…Outlook & Valuations... PWGR’s capitalization target of Rs200-250bn for FY20 could see some slippages as it is subject to timely commissioning of the Raigarh-Pugalur HVDC project where there is risk of delays due to right-of-way issues. This could lead to slower growth in FY20. While new transmission projects have slowed down in recent years, we believe there is a huge scope for long-term growth, driven by demand, renewables, increased requirement of flexibility and efficiency in the market. We maintain our Buy rating and value at 1.3x FY21E P/BV with a target price of Rs 221.
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Prabhudas Lilladher
31-May-19
Price @ Call: 189.56
Target: 224
BUY
We have modelled Capitalization of Rs130bn/Rs150 bn for FY20/21E and expect earnings to grow at CAGR of 7% over the next two years (FY19-21E). The stock is currently trading at 1.5x/1.3x FY20/21E P/Bv. We maintain BUY on the stock with TP of Rs224 (implied multiple is 1.6x FY21 BV). We are positive on the company due to 1) Only Power utility to report higher RoE (16-18%) on consistent basis, 2) Immune from any fuel related issue 3) Dividend yield of 4-4.5%.
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ICICIdirect.com
30-May-19
Price @ Call: 189.56
Target: 210
HOLD
Moderation across future capex, rising share of competitively bid projects will impact the earnings performance and investment multiple that the company used to enjoy over the last years. We now forecast 7% PAT CAGR over FY19-21E and cut our P/B multiple at 1.3x FY21E BV. We have a fair value of Rs 210 per share.
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Dolat Capital
4-Feb-19
Price @ Call: 186.17
Target: 245
BUY

Motilal Oswal
1-Feb-19
Price @ Call: 188.65
Target: 231
BUY

ICICIdirect.com
1-Feb-19
Price @ Call: 188.58
Target: 200
HOLD

POWERGRID Share Price Target - Broker Reports - 2018

ICICIdirect.com
17-Dec-18
Price @ Call: 192.52
Target: 215
BUY

ICICIdirect.com
13-Nov-18
Price @ Call: 184.92
Target: 215
BUY

Motilal Oswal
6-Nov-18
Price @ Call: 187.18
Target: 249
BUY

ICICIdirect.com
2-Aug-18
Price @ Call: 184.05
Target: 215
BUY

Motilal Oswal
1-Aug-18
Price @ Call: 182.1
Target: 253
BUY

Edelweiss
1-Aug-18
Price @ Call: 182.1
Target: 225
BUY

Prabhudas Lilladher
1-Aug-18
Price @ Call: 183.7
Target: 229
ACCUMULATE

Prabhudas Lilladher
31-May-18
Price @ Call: 209.5
Target: 231
ACCUMULATE

Motilal Oswal
31-May-18
Price @ Call: 209.5
Target: 287
BUY

Edelweiss
31-May-18
Price @ Call: 207.62
Target: 240
BUY

Motilal Oswal
6-Apr-18
Price @ Call: 196.4
Target: 287
BUY

Indiabulls Ventures
8-Feb-18
Price @ Call: 195.9
Target: 232
BUY

Edelweiss
5-Feb-18
Price @ Call: 196.15
Target: 250
BUY

Motilal Oswal
2-Feb-18
Price @ Call: 194.95
Target: 282
BUY

POWERGRID Share Price Target - Broker Reports - 2017

Prabhudas Lilladher
21-Nov-17
Price @ Call: 208.95
Target: 243
ACCUMULATE

Edelweiss
14-Nov-17
Price @ Call: 207.86
Target: 252
BUY

ICICIdirect.com
6-Nov-17
Price @ Call: 210.6
Target: 255
BUY

Motilal Oswal
4-Nov-17
Price @ Call: 212.7
Target: 261
BUY

Sharekhan
3-Sep-17
Price @ Call: 217.04
Target: 240
BUY

Edelweiss
2-Aug-17
Price @ Call: 222
Target: 252
BUY

ICICIdirect.com
2-Aug-17
Price @ Call: 223
Target: 255
BUY

Motilal Oswal
1-Aug-17
Price @ Call: 224
Target: 262
BUY

ICICIdirect.com
1-Jun-17
Price @ Call: 208
Target: 230
BUY

Religare
13-Feb-17
Price @ Call: 199.9
Target: 225
BUY

ICICIdirect.com
13-Feb-17
Price @ Call: 200
Target: 220
BUY

Motilal Oswal
10-Feb-17
Price @ Call: 200
Target: 238
BUY

HDFC Securities
10-Feb-17
Price @ Call: 200
Target: 231
BUY

POWERGRID Share Price Target - Broker Reports - 2016

Prabhudas Lilladher
9-Nov-16
Price @ Call: 180
Target: 196
BUY

IIFL
7-Oct-16
Price @ Call: 177.55
Target: 195
ACCUMULATE

IIFL
19-Aug-16
Price @ Call: 181
Target: 195
ACCUMULATE

ICICIdirect.com
18-Aug-16
Price @ Call: 180
Target: 204
BUY

Edelweiss
17-Aug-16
Price @ Call: 175
Target: 184
BUY

Geojit Financial Services
8-Jul-16
Price @ Call: 164.7
Target: 185
HOLD

Dolat Capital
1-Jun-16
Price @ Call: 149
Target: 180
BUY

ICICIdirect.com
30-May-16
Price @ Call: 149
Target: 173
BUY

  • POWERGRID - Share Price Target Potential

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    BrokerageTargetPotential
    Prabhudas Lilladher22417.52%
    ICICIdirect.com21012.02%
    Dolat Capital24524.59%
    HDFC Securities23722.05%
    Geojit Financial Services22116.40%