The engine is the TBCB order book—the market hasn't priced in the execution ramp, even as the latest quarterly print cooled from the earlier surge.
Overall read
5.9/10
No price read
The three reads · this quarter
The engine is the TBCB order book—the market hasn't priced in the execution ramp, even as the latest quarterly print cooled from the earlier surge.
Overall read
5.9/10
No price read
The three reads · this quarter
The standing reads · change less often
Moat
Wide, well-protected edge
Regulatory moat as default ISTS operator with 84% market share, reinforced by 35+ year execution track record.
Key variables
4 tracked
lead: Capitalization rateCapitalization has accelerated sharply from a trough in FY23-FY24 to a record high in FY26, reflecting resolution of execution bottlenecks (ROW guidelines, equipment procurement) and completion of large RE evacuation projects. The ramp signals improving conver
Walk the talk
Not enough tracked guidance to grade yet.
POWERGRID has a robust TBCB order book of Rs. 1.46 lakh crore, with FY27 capex guidance of Rs. 37,000 crore and FY28 of Rs. 45,000 crore, driving revenue growth.
Latest · newest first
No material exchange filings in the last 60 days. Latest scored quarter: Q1FY27.
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