Do you want to know about a complete detailed analysis that includes technical and target analysis about Power Grid India?
We are going to tell you the company’s annual and quarterly results by which we can predict the company’s future targets in upcoming years. This article is going to be very helpful and easy to understand when you are analyzing Power Grid Share. Because it includes images and a number of tables that everyone needed to know before investing in the stock of the specific company.
When we are going through the official website of Power Grid India Ltd. Power Grid Corporation Of India, which is an electric power transmission company, owns and operates more than 95% of India’s interstate and inter-regional electric power transmission system.
The company primarily operates in India. It is headquartered in Haryana, India, and employs about 10,000 people. They are not only engaged in power transmission only. They are also available in other sectors like telecom, domestic consultancy, and other sectors too.
Power Grid Quarterly Result Analysis
In the first quarter of the financial year 2021, the company made sales of Rs.9,778.72 Cr. in which they made a profit of about Rs.5,567.41 Cr. after paying taxes. In the second quarter of 2021, the company made sales of around Rs.9,929.24 Cr. in which they made a profit of about Rs.3,676.38Cr. after paying all the taxes.
In the third quarter of 2021, the company made sales of around Rs.10,001 Cr. in which they made a profit of about Rs.3,416.82 Cr. after paying all the taxes. In the fourth quarter of 2021, the company made sales of around Rs.10,221.23 Cr. In which they made a profit of about Rs.4,955.81 Cr. after paying all the taxes.
In the first quarter of the financial year 2022, the company made sales of around Rs.10,446.08 Cr. in which they made a profit of about Rs.3,685.86 Cr. after paying all the taxes.
Power Grid Annual Result Analysis
As the company’s annual report is given below the company sold 20,665.81cr.in 2016, in which the company made a profit of about 5,948.50cr. in the following year 2017, the company sold 25,710.07cr. in which the company made a profit of about 7,520.15cr.
In the year 2018, the company sold 29,764.59cr. in which the company made a profit of about 8,244.65cr. In the year 2019, the company sold 34,119.12cr. in which the company made a profit of about 9,938cr. In the year 2020, the company sold 36,185.54cr. in which the company made a profit of about 10,811.18cr.
In the annual result of 2021, the company made Rs.37,665.65 Cr of sales and Rs.11,935.78 Cr. of Profit then in the next year the company made Rs.39,928.09 Cr. of sales and Rs.17,093.76 Cr. of profit.
Power Grid Share Price Target 2022, 2023, 2024, 2025, And 2030: Now we try to predict a target in power grid India LTD. has been mentioned in the below table.
| Year | Target Of Power Grid |
|---|---|
| 2022(Target-1) | Rs.270 |
| (Target-2) | Rs.323 |
| 2023(Target-1) | Rs.487 |
| (Target-2) | Rs.592 |
| 2024(Target-1) | Rs.687 |
| (Target-2) | Rs.790 |
| 2025(Target-1) | Rs.910 |
| (Target-2) | Rs.1045 |
| 2030(Target-1) | Rs.2755 |
| (Target-2) | Rs.3585 |
When we go through the chart and predict the target share price for the financial year 2022, we can set the first target for this share as around Rs.270, and after attaining that value. The share price target of the power grid will show some downward trend too for a while and the second target of this stock we can set is around Rs.323.
We can predict the share price value of this stock is around Rs.487 and after passing that value Share price of power grid India will show some downfall in the price for a while i.e., the true characteristic of any stock and second target which we can predict for the financial year 2023 is around Rs.592.
When can predict the first target share price for the financial year 2024 is around Rs.687. After attaining that value they also show a similar trend in the financial year 2024 and we can predict the second target for the same year is about or around Rs.790.
We can predict the first target for the financial year 2025, for this share is around Rs.910 and after getting these value Share price target of power grid India will show some downfall in the price of stock and second target of this stock we can set is around Rs.1,045.
We can predict first for the target share price for the financial year 2030 is around Rs.2,755 and the second one is Rs.3,585. That’s why I mentioned above that if you are looking for stocks with good returns, Power Grid Corporation Of India can be a profitable investment option.
Conclusion
In this post, we have analyzed power grid India ltd. In detail, which includes their technical analysis, quarterly reports, annual reports, and target analysis.
Before ending this article, I am going to tell u some strengths of Power Grid Share Which provide u better view of investing in this company stock-
- Strong financial position
- Backed by government and regulatory framework
- Consistent and stable revenue
- High-class infrastructure
If you have any questions regarding this u can ask me in a comment section and share this post with your colleagues and friends which helps them to invest in the right companies to take care of everyone.
I am a share market expert for the last five years. I have expertise in technical analysis, and fundamental analysis of stocks, and assets. On this website, I write content like analysis of shares, predict future targets of shares based on analysis, simplify technical analyses, and intraday trading.
Very helpful Thank you 🤠