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POWERGRID Consensus Forecast

No. of reports in last year
7
No. of analysts
5
Average Consensus Forecast
229.71
Consensus Potential
24.66%

POWERGRID Price Target Potential

BrokerageTargetPotential
Prabhudas Lilladher22422.95%
Motilal Oswal24429.26%
ICICIdirect.com21017.81%
Dolat Capital24529.55%
HDFC Securities23727.17%

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POWERGRID Ratings

Long term POWERGRID rating by FrontPage users
4.7/5 (7 Ratings)

7 POWERGRID share price target reports by brokerages below. See what is analyst's view on POWERGRID share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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POWERGRID Share Price Target

POWERGRID Share Price Target - Broker Reports - 2020

4-Feb-20
Price @ Call: 187.7
Target: 224
BUY

POWERGRID Share Price Target - Broker Reports - 2019

12-Nov-19
Price @ Call: 191.93
Target: 244
BUY
Investment in renewable energy and growth in power demand should drive the need for transmission works. INR480b of projects are envisaged to be awarded for renewable integration. PWGR’s recent award wins (won 7 out of 13 projects in YTD FY20) highlight its competitive positioning to win such projects as they arrive. We note that capitalization run-rate for FY20 may still be at risk if the Raigarh-Pugalur project gets deferred. Further, the nature and clarity of the company’s asset monetization program needs to be watched. However, PWGR’s stock trades at just 1.4x/1.2x FY21/FY22E P/BV for steady long-term growth and under-penetrated market. Maintain Buy with DCF-based TP of INR244/share.
... Read more
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.
... Read more
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.
... Read more
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
... Read more
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).
... Read more
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.
... Read more
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.
... Read more
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.
... Read more
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%.
... Read more
4-Feb-19
Price @ Call: 186.17
Target: 245
BUY
1-Feb-19
Price @ Call: 188.58
Target: 200
HOLD
1-Feb-19
Price @ Call: 188.65
Target: 231
BUY

POWERGRID Share Price Target - Broker Reports - 2018

17-Dec-18
Price @ Call: 192.52
Target: 215
BUY
13-Nov-18
Price @ Call: 184.92
Target: 215
BUY
6-Nov-18
Price @ Call: 187.18
Target: 249
BUY
2-Aug-18
Price @ Call: 184.05
Target: 215
BUY
1-Aug-18
Price @ Call: 183.7
Target: 229
ACCUMULATE
1-Aug-18
Price @ Call: 182.1
Target: 225
BUY
1-Aug-18
Price @ Call: 182.1
Target: 253
BUY
31-May-18
Price @ Call: 207.62
Target: 240
BUY
31-May-18
Price @ Call: 209.5
Target: 287
BUY
31-May-18
Price @ Call: 209.5
Target: 231
ACCUMULATE
6-Apr-18
Price @ Call: 196.4
Target: 287
BUY
8-Feb-18
Price @ Call: 195.9
Target: 232
BUY
5-Feb-18
Price @ Call: 196.15
Target: 250
BUY
2-Feb-18
Price @ Call: 194.95
Target: 282
BUY

POWERGRID Share Price Target - Broker Reports - 2017

21-Nov-17
Price @ Call: 208.95
Target: 243
ACCUMULATE
14-Nov-17
Price @ Call: 207.86
Target: 252
BUY
4-Nov-17
Price @ Call: 212.7
Target: 261
BUY
6-Nov-17
Price @ Call: 210.6
Target: 255
BUY
3-Sep-17
Price @ Call: 217.04
Target: 240
BUY
1-Aug-17
Price @ Call: 224
Target: 262
BUY
2-Aug-17
Price @ Call: 223
Target: 255
BUY
2-Aug-17
Price @ Call: 222
Target: 252
BUY
1-Jun-17
Price @ Call: 208
Target: 230
BUY
10-Feb-17
Price @ Call: 200
Target: 231
BUY
10-Feb-17
Price @ Call: 200
Target: 238
BUY
13-Feb-17
Price @ Call: 199.9
Target: 225
BUY
13-Feb-17
Price @ Call: 200
Target: 220
BUY

POWERGRID Share Price Target - Broker Reports - 2016

30-May-16
Price @ Call: 149
Target: 173
BUY
9-Nov-16
Price @ Call: 180
Target: 196
BUY
7-Oct-16
Price @ Call: 177.55
Target: 195
ACCUMULATE
17-Aug-16
Price @ Call: 175
Target: 184
BUY
18-Aug-16
Price @ Call: 180
Target: 204
BUY
19-Aug-16
Price @ Call: 181
Target: 195
ACCUMULATE
8-Jul-16
Price @ Call: 164.7
Target: 185
HOLD
1-Jun-16
Price @ Call: 149
Target: 180
BUY
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  • POWERGRID Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3178.8
    Upside Target 2176.5
    Upside Target 1172.8
    Pivot170.5
    Downside Target 1166.8
    Downside Target 2164.5
    Downside Target 3160.8
  • POWERGRID Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3187.83
    Upside Target 2183.27
    Upside Target 1177.93
    Pivot173.37
    Downside Target 1168.03
    Downside Target 2163.47
    Downside Target 3158.13
  • POWERGRID Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3221.3
    Upside Target 2205.15
    Upside Target 1190
    Pivot173.85
    Downside Target 1158.7
    Downside Target 2142.55
    Downside Target 3127.4
  • POWERGRID Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3176.5
    Upside Target 2174.21
    Upside Target 1172.79
    Pivot170.5
    Downside Target 1168.21
    Downside Target 2166.79
    Downside Target 3164.5
  • POWERGRID Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3183.27
    Upside Target 2179.48
    Upside Target 1177.15
    Pivot173.37
    Downside Target 1169.58
    Downside Target 2167.25
    Downside Target 3163.47
  • POWERGRID Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3205.15
    Upside Target 2193.19
    Upside Target 1185.81
    Pivot173.85
    Downside Target 1161.89
    Downside Target 2154.51
    Downside Target 3142.55
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
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