Powergrid Infrastructure Investment Trust
PGINVITPowergrid Infrastructure Investment Trust's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: the price moved +8.9% in a year while annual EPS moved −22.4% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (10 weeks in) while the P/E sits at the 60th percentile of its own 4-year range. Underneath, the last four quarters read deteriorating — profit −3.1% year on year, and 118% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Powergrid Infrastructure Investment Trust trades at ₹99.4, in a confirmed uptrend and 10 weeks into that stage. That is +6.5% against its own 200-day average. It sits at 92% of a 52-week range of ₹89 to ₹100. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.
Today the stock is in a confirmed uptrend — week 10 of stage 2, confirmed. At ₹99.4 it trades +6.5% versus its 200-day average and sits at 92% of its 52-week range (₹89–₹100).
Against the market, two honest reads. Cumulative: over the last 5.2 years the stock moved −3% while the NIFTY 500 moved +83% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Powergrid Infrastructure Investment Trust trades at 10.0× P/E, mid-range by its own standards (60th percentile). Its long-run median P/E is 9.4×, measured across 4.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 10.0× is mid-range by its own standards (60th percentile), against a long-run median of 9.4× measured over 4.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −22.4% against a +8.9% price move — the price outran earnings, pushing the multiple UP its own range.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Powergrid Infrastructure Investment Trust reads as deteriorating on its fundamental arc. Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −0.6% latest against +0.2% at its 12-quarter best), ROCE holding at 12.0%. The read is built from 8 quarters across 4 curves, on partial evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −0.6% | −0.7% | — | — |
| Profit | −22.2% | — | — | — |
| EPS | −22.4% | — | — | — |
| Share price | +8.9% | −5.3% | −3.5% | — |
4-Factor Sector Score
44.9/100 — rank 3 of 9 in Infrastructure Investment Trusts · 86% evidence confidence
Powergrid Infrastructure Investment Trust scores 44.9 out of 100 against the 9 companies it is compared with in Infrastructure Investment Trusts, ranking 3. Price leads the evidence: RS versus the benchmark is 4.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 4.8 + 9.6 + 16.5 + 14 = 44.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Powergrid Infrastructure Investment Trust reported ₹311 Cr of revenue in the Jun 26 quarter, −0.6% year on year. Over 4 years it has compounded at 0.8% a year. The last full year, FY26, came in at ₹1,258 Cr. The last four reported quarters add to ₹1,256 Cr.
FY26 revenue came in at ₹1,258 Cr (−0.6% on the year), capping 4 years at 0.8% compound. The latest quarter (Jun 26) printed ₹311 Cr, −0.6% year on year.
Pace check: the last four quarters averaged −0.6% growth against the decade's 0.8% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −0.6% over the last 4 quarters against −0.4%/yr over the last 8 — stabilising; TTM profit −22.0% vs −4.5%/yr — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Powergrid Infrastructure Investment Trust's operating margin is 93.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged −24.0% to 133.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 93.0%, +0.0 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged −24.0%–133.0%.
🚨 Why the margin moved: operating margin went −0.1 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Powergrid Infrastructure Investment Trust earned ₹185 Cr of net profit in the Jun 26 quarter, −3.1% year on year. Full-year FY26 profit was ₹912 Cr. The 4-year compound rate is 18.5%. That is 59.5% of the quarter's revenue. The same quarter a year earlier earned ₹191 Cr.
Jun 26 profit was ₹185 Cr, −3.1% year on year. On the full year, FY26 printed ₹912 Cr (−22.2%), and the 4-year compound rate is 18.5%.
🚨 Why profit moved: revenue contributed −0.6% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +44.5% vs revenue −0.6%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 118% of Powergrid Infrastructure Investment Trust's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹1,176 Cr of operating cash against ₹912 Cr of profit. After ₹135 Cr of capital spending, ₹1,041 Cr was left as free cash.
FY26: operating cash of ₹1,176 Cr against reported profit of ₹912 Cr, leaving free cash of ₹1,041 Cr after ₹135 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 118% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 118%: the cash cycle tightened 46 days between FY22 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Powergrid Infrastructure Investment Trust's cash conversion cycle runs 54 days in FY26, down from 100 days in FY22. Capital spending ran ₹923 Cr over the last 3 years. At FY26 sales of ₹1,258 Cr each day of that cycle holds about ₹3.4 Cr, so roughly ₹186 Cr sits inside the business at any moment.
FY26: debtors at 54 days (an asset-light business — no inventory to speak of) — for a full cycle of 54 days, tighter than FY22's 100.
In money terms: at FY26 sales of ₹1,258 Cr, each day of the cycle holds about ₹3.4 Cr — so the 54-day loop keeps roughly ₹186 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹923 Cr over the last 3 fiscal years against ₹949 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹16.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Powergrid Infrastructure Investment Trust earns a ROCE of 12% in FY26. That is up from a trough of −6% in FY23. Return on invested capital clears the cost of that capital by −5.8 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 72.5% net margin on 0.13× asset turns.
FY26 ROCE is 12%, recovered from a FY23 trough of −6% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 72.5% net margin × 0.13× asset turns × 1.33× balance-sheet leverage ≈ 12.5% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 6.2% − 12.0% = a −5.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Powergrid Infrastructure Investment Trust carries total debt of ₹572 Cr against shareholder equity of ₹8,328 Cr as of Jun 23, a debt-to-equity of 0.07 — effectively unlevered. On the annual view that ratio went from 0.06 in FY22 to 0.07 in FY23. The returns elsewhere on this page are therefore earned rather than borrowed.
Jun 23: total debt of ₹572 Cr against shareholder equity of ₹8,328 Cr — a debt-to-equity of 0.07. On the annual view, debt-to-equity went from 0.06 (FY22) to 0.07 (FY23). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Powergrid Infrastructure Investment Trust moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — .
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Powergrid Infrastructure Investment Trust: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1National Highways Infra TrustNHIT | 58.2/100Thin evidence · provisional58% evidence | TURNING | 25.4/35 Income 80.8% · PAT 100% 45% evidence | 10.8/25 ROA — · ROE 3% · GNPA — 34% evidence | 5.0/20 P/BV 1.39× · P/BV÷ROE 0.46 100% evidence | 17.0/20 RS sector 5.3% · RS bench 9.9% · 1Y 28.1%4 of 12 weeks ahead 70% evidence |
| Exact sum: 25.4 + 10.8 + 5 + 17 = 58.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 2IndiGrid Infrastructure TrustINDIGRID | 49.4/100Mixed-negative evidence73% evidence | BREAKING OUT | 19.4/35 Income 43.8% · PAT -2.9% 45% evidence | 16.9/25 ROA 4.6% · ROE 7.2% · GNPA — 68% evidence | 3.6/20 P/BV 2.81× · P/BV÷ROE 0.39 100% evidence | 9.5/20 RS sector -0.7% · RS bench 4% · 1Y 13.5%2 of 12 weeks ahead 100% evidence |
| Exact sum: 19.4 + 16.9 + 3.6 + 9.5 = 49.4 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 3Powergrid Infrastructure Investment Trustthis pagePGINVIT | 44.9/100Mixed-negative evidence86% evidence | TURNING | 4.8/35 Income -0.6% · PAT -22% 81% evidence | 9.6/25 ROA -2.2% · ROE 11.9% · GNPA — 68% evidence | 16.5/20 P/BV 1.2× · P/BV÷ROE 0.1 100% evidence | 14.0/20 RS sector -0.1% · RS bench 4.7% · 1Y 6.5%2 of 12 weeks ahead 100% evidence |
| Exact sum: 4.8 + 9.6 + 16.5 + 14 = 44.9 · Decision use: Price leads the evidence: RS versus the benchmark is 4.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 4Shrem InvITSHREMINVIT | 44.6/100Thin evidence · provisional58% evidence | BASING | 9.6/35 Income -14.5% · PAT -23.5% 45% evidence | 15.5/25 ROA — · ROE 13.3% · GNPA — 34% evidence | 16.1/20 P/BV 1.03× · P/BV÷ROE 0.08 100% evidence | 3.4/20 RS sector -7.6% · RS bench -3% · 1Y -8.2%0 of 11 weeks ahead 70% evidence |
| Exact sum: 9.6 + 15.5 + 16.1 + 3.4 = 44.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 5IRB InvIT FundIRBINVIT | 43.1/100Mixed-negative evidence67% evidence | TURNING | 18.4/35 Income 56.3% · PAT -13.8% 52% evidence | 11.9/25 ROA — · ROE 5.1% · GNPA — 34% evidence | 5.7/20 P/BV 0.98× · P/BV÷ROE 0.19 100% evidence | 7.1/20 RS sector -4.3% · RS bench 0.4% · 1Y 4.2%0 of 12 weeks ahead 100% evidence |
| Exact sum: 18.4 + 11.9 + 5.7 + 7.1 = 43.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Altius Telecom Infrastructure Trust543225 | 52.7/100Thin evidence · provisional49% evidence | BREAKING OUT | 21.8/35 Income 24.2% · PAT 31.8% 45% evidence | 13.4/25 ROA — · ROE 8.1% · GNPA — 34% evidence | 6.4/20 P/BV 4.55× · P/BV÷ROE 0.56 100% evidence | 11.1/20 RS sector — · RS bench 7.4% · 1Y 14.1%4 of 10 weeks ahead 25% evidence |
| Exact sum: 21.8 + 13.4 + 6.4 + 11.1 = 52.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 7NDR INVIT TrustNDRINVIT | 42.5/100Thin evidence · provisional43% evidence | TURNING | 16.3/35 Income 29.7% · PAT -17% 45% evidence | 10.3/25 ROA — · ROE 2.5% · GNPA — 34% evidence | 4.3/20 P/BV 1.46× · P/BV÷ROE 0.59 70% evidence | 11.6/20 RS sector — · RS bench 8.4% · 1Y 24.2%3 of 11 weeks ahead 25% evidence |
| Exact sum: 16.3 + 10.3 + 4.3 + 11.6 = 42.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 8Cube Highways TrustCUBEINVIT | 42.4/100Thin evidence · provisional34% evidence | FADING | 18.7/35 Income 28.1% · PAT 100% 19% evidence | 8.2/25 ROA — · ROE 1.4% · GNPA — 34% evidence | 3.5/20 P/BV 2.16× · P/BV÷ROE 1.56 70% evidence | 12.0/20 RS sector — · RS bench 9% · 1Y 20.7%4 of 11 weeks ahead 25% evidence |
| Exact sum: 18.7 + 8.2 + 3.5 + 12 = 42.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 9Sustainable Energy Infra TrustSEITINVIT | 41.6/100Thin evidence · provisional38% evidence | 14.2/35 Income 1% · PAT -3.6% 45% evidence | 10.6/25 ROA — · ROE 4% · GNPA — 34% evidence | 6.8/20 P/BV 1.41× · P/BV÷ROE 0.35 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y 8.5%0 of 2 weeks ahead 0% evidence | |
| Exact sum: 14.2 + 10.6 + 6.8 + 10 = 41.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Powergrid Infrastructure Investment Trust's share price today?
Powergrid Infrastructure Investment Trust trades at ₹99.4, +8.9% over the past year. The company is valued at ₹9,045 Cr. The stock sits at 92% of its 52-week range of ₹89–₹100, +6.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 10 weeks in. — as of 31 July 2026.
What were Powergrid Infrastructure Investment Trust's latest quarterly results?
Powergrid Infrastructure Investment Trust reported revenue of ₹311 Cr and net profit of ₹185 Cr for the Jun 26 quarter. Revenue fell 0.6% and profit fell 3.1% year on year. Earnings per share were ₹2.03. The operating margin was 93.0%, 0.0 pp higher than a year earlier. — as of 31 July 2026.
What is Powergrid Infrastructure Investment Trust's revenue?
Powergrid Infrastructure Investment Trust reported revenue of ₹311 Cr in the Jun 26 quarter, −0.6% year on year. For the full FY26 fiscal year, revenue was ₹1,258 Cr (−0.6%). Over the last 4 years revenue compounded at 0.8% a year. — as of 31 July 2026.
What is Powergrid Infrastructure Investment Trust's profit?
Powergrid Infrastructure Investment Trust earned ₹185 Cr of net profit in the Jun 26 quarter, −3.1% year on year. Full-year FY26 profit was ₹912 Cr. The operating margin ran 93.0% in the latest quarter. — as of 31 July 2026.
What is Powergrid Infrastructure Investment Trust's market cap?
Powergrid Infrastructure Investment Trust's market capitalisation is ₹9,045 Cr at a share price of ₹99.4. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Powergrid Infrastructure Investment Trust's P/E ratio?
Powergrid Infrastructure Investment Trust trades at a P/E of 10.0×, at the 60th percentile of its own 4-year range, against a long-run median of 9.4×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Powergrid Infrastructure Investment Trust pay a dividend?
Yes — Powergrid Infrastructure Investment Trust's dividend payout was 120% of profit in FY26, and it recorded a payout in 4 of its last 5 reported fiscal years. One of those years shows a negative ratio because profit itself was negative. — as of 31 July 2026.
Is Powergrid Infrastructure Investment Trust overvalued?
On its own history, Powergrid Infrastructure Investment Trust looks mid-range against its own history: its P/E of 10.0× sits at the 60th percentile of its 4-year range (long-run median 9.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Powergrid Infrastructure Investment Trust growing?
Not right now — Powergrid Infrastructure Investment Trust's latest numbers are shrinking: latest-quarter revenue −0.6% year on year, profit −3.1%, and the margin +0.0 pp at 93.0%. The 4-year compound rates are 0.8% (revenue) and 18.5% (profit). The earnings engine currently reads: deteriorating — as of 31 July 2026.
How is Powergrid Infrastructure Investment Trust performing?
Powergrid Infrastructure Investment Trust is in a confirmed uptrend, 10 weeks in. Its latest quarter's revenue fell 0.6% and profit fell 3.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Powergrid Infrastructure Investment Trust in?
Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −0.6% latest against +0.2% at its 12-quarter best), ROCE holding at 12.0%. The read comes from the last 12 quarters of growth (revenue growth −0.6% latest, profit growth −22.0% latest, eps growth −22.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Powergrid Infrastructure Investment Trust in an uptrend?
Yes — the price is in a confirmed uptrend (week 10 of stage 2), trading +6.5% versus its 200-day average and at 92% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Powergrid Infrastructure Investment Trust beating the market?
On recent form, yes — Powergrid Infrastructure Investment Trust has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5.2 years the stock moved −3% against the NIFTY 500's +83% — behind the index over the full window. — as of 31 July 2026.
Will Powergrid Infrastructure Investment Trust's share price go up?
This page publishes no price forecast for Powergrid Infrastructure Investment Trust. What it measures instead: the share price is ₹99.4, the price is in a confirmed uptrend 10 weeks in. Its P/E of 10.0× sits at the 60th percentile of its own 4-year range. — as of 31 July 2026.
Does Powergrid Infrastructure Investment Trust have too much debt?
No — Powergrid Infrastructure Investment Trust's debt-to-equity is 0.14, and operating profit covers the interest bill 18×. FY26 borrowings were ₹1,064 Cr against equity of ₹7,541 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.
What is Powergrid Infrastructure Investment Trust's capex?
Powergrid Infrastructure Investment Trust spent ₹923 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹135 Cr, with ₹16.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Powergrid Infrastructure Investment Trust's cash flow?
Powergrid Infrastructure Investment Trust generated ₹1,176 Cr of operating cash flow in FY26 and ₹1,041 Cr of free cash flow after ₹135 Cr of capital spending. Reported profit that year was ₹912 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Powergrid Infrastructure Investment Trust's profit real cash?
Yes — over the last 3 fiscal years, 118% of Powergrid Infrastructure Investment Trust's reported profit arrived as operating cash. In FY26, operating cash was ₹1,176 Cr against reported profit of ₹912 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Powergrid Infrastructure Investment Trust in its business cycle?
Powergrid Infrastructure Investment Trust's FY26 operating margin was 103.0%, against a 5-year band of −24.0%–133.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 93.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Powergrid Infrastructure Investment Trust story?
The sharpest disagreement: the price moved +8.9% in a year while annual EPS moved −22.4% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Powergrid Infrastructure Investment Trust a stock worth studying right now?
This is not investment advice. The machine read: Powergrid Infrastructure Investment Trust's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.