Power Grid share price today: Q4 FY26 profit up 10%

Share price snapshot for May 18, 2026

Power Grid Corporation of India Ltd (NSE: POWERGRID, BSE: 532898) was quoted at ₹296.55 as on 18 May 2026. Another market snapshot in the same set of data showed ₹297.70 on BSE at 09:09 AM, reflecting the kind of intraday movement typical for actively traded large-cap utilities. The stock was also shown down ₹9.30 or 3.04% at ₹296.55 in one feed, and down ₹8.15 or 2.66% at ₹297.70 in another. Such differences can appear across platforms because of timestamp and exchange variations. Investors tracking price action usually pair spot prices with volume and day range for context.

Intraday range, volumes, and circuits

Data for May 18, 2026 showed a day’s low of ₹290.20 and a day’s high of ₹298.45. The previous close was listed at ₹305.85, while the open was ₹296.30. Trading volume was reported at 1.60 crore shares in one snapshot. The upper circuit was ₹336.40 and the lower circuit was ₹275.30, indicating the day’s permissible trading band for that session. These numbers matter most to short-term traders and options participants, but they also help long-term investors understand liquidity and near-term volatility.

Market cap and valuation markers

As of 18 May 2026, Power Grid’s market capitalisation was reported at ₹2,84,458.97 crore. The company was tagged as “Large Cap” in the provided data and ranked 31 by market cap in one classification. Valuation metrics included a P/E ratio of 17.86 and a P/B ratio of 3.07. Separately, another fundamentals snapshot showed P/E (TTM) at 17.75 and dividend yield at 3.04%, highlighting that valuation dashboards can vary by calculation method and update time. Power Grid was classified under the Utilities sector and Power Transmission and Distribution sub-sector.

52-week levels and what they signal

The 52-week high was stated as ₹324.95 and the 52-week low as ₹250.00 in the dataset. A separate price summary referenced a 52-week high of ₹324.8 and a 52-week low of ₹250.05, broadly consistent with the same range. Such reference points are commonly used by investors to benchmark the stock against recent extremes. They can also influence stop-loss placement, rebalancing decisions, and “buy on dips” strategies. On May 18 pricing, the stock was closer to the lower end of its annual band than its peak.

Returns: short-term pressure, stronger multi-year gains

The provided return series showed the following past performance for POWERGRID: 1 week -5.54%, 1 month -6.83%, 3 months -1.33%, 6 months 8.15%, and 1 year -2.47%. Longer-term returns were materially stronger: 3 years 67.79% and 5 years 126.17%. Another table in the dataset showed different return values for several periods, which can happen due to different as-of dates and calculation windows. Still, the overall picture from the supplied data points to weaker recent momentum despite strong multi-year compounding. This mix is often seen in defensive utilities when market leadership rotates.

Q4 FY26 results: profit up, sales down

Power Grid reported that consolidated net profit rose 9.74% to ₹4,546.33 crore in the quarter ended March 2026, compared with ₹4,142.87 crore in the quarter ended March 2025. Sales declined 4.97% to ₹11,665.61 crore in the March 2026 quarter versus ₹12,275.35 crore a year earlier. The dataset also noted that the near 10% profit rise was attributed to higher deferred tax credit. One market note added that Motilal Oswal flagged a revenue miss, aligning with the reported decline in quarterly sales. This set of results shows the classic divergence where bottom-line growth can occur even when revenue is softer.

Full-year FY26 numbers

For the year ended March 2026, consolidated net profit rose 2.62% to ₹15,927.95 crore versus ₹15,521.44 crore in the year ended March 2025. Sales increased 2.05% to ₹46,732.87 crore in FY26 compared with ₹45,792.32 crore in FY25. Separately, a table in the dataset listed FY25 net profit at ₹15,521 crore and yearly revenue at ₹45,792 crore, consistent with the FY25 base numbers. Together, the annual data points suggest steady growth at the top line and modest expansion in profits. This matters for a transmission utility where earnings stability and regulated returns are central to the investment case.

Dividend update: board recommends ₹1.25 per share

Power Grid announced that its Board of Directors, at a meeting held on 15 May 2026, recommended a final dividend of ₹1.25 per equity share (12.5%), subject to shareholder approval. The dataset also stated a current dividend yield of 4.41% and gave an illustration that a ₹1,000 investment is expected to generate a dividend of ₹44.14 every year. Another dashboard listed dividend yield at 3.04%, again reflecting differing data snapshots and methodologies. Dividend announcements are typically tracked closely in PSU utilities because payout visibility can influence total return expectations. The final dividend recommendation adds to investor focus after the Q4 earnings release.

Analyst stance and positioning themes cited

The dataset showed that 59% of analysts suggested “buy” on the stock, based on 22 analysts, with the remaining split across hold and sell. It also listed recent broker targets of ₹385 (ICICI Securities) and ₹425 (Motilal Oswal Financial Services), both marked as BUY. Separately, an estimates panel cited a maximum estimate of ₹370 and a minimum estimate of ₹240. Strategic commentary in the same data highlighted demand drivers such as data centers and electric vehicles, alongside challenges linked to grid stability and execution. It also noted planned capital expenditure of over ₹35,000 crore for FY26.

Key data table

Why the mix of metrics matters for investors

The May 18 price action occurred alongside fresh attention on earnings, dividend expectations, and capex plans. The data shows profit growth in Q4 despite a decline in sales, while full-year revenue and profit moved up modestly. Investors typically read such patterns alongside valuation markers like P/E and P/B, and income indicators like dividend yield and the announced final dividend recommendation. The longer-term return profile in the dataset remained strong even as 1-month and 1-week returns were negative. The next set of updates investors usually watch for would include shareholder approval for the final dividend and further disclosures linked to the FY26 capex plan.