Power Grid Corporation of India Limited has a market capitalization of Rs 2,70,350 crore, a 1-year return of 6 per cent, a 3-year return of 85 per cent and a PE ratio of 16.97.

The stock is up by 37 per cent from its 52-week low of Rs 615.15 per share and a whopping 800 per cent in a decade.

The stock gave multibagger returns of 184 per cent from its 52-week low of Rs 8.39 per share.

Major Stake Sale and Acquisition of Key Transmission Project Boost Future Growth Prospects

After a phase of lacklustre performance under dark grey clouds, Indian public sector enterprises are now enjoying prime space in the sunshine, turning out to be smart bets in the Indian market. 

Shares of the company gained more than 110 per cent in the last three years.

The company has a market cap of Rs 1,75,000 crore and a robust order book worth Rs 48,700 crore as of June 30, 2023. The company has been maintaining a healthy dividend payout of 60.0 per cent and the stock is providing a good dividend yield of 4.39 per cent.

The stock gave is up by 85 per cent in 3 years and gave multibagger returns of over 230 per cent in 1 decade.

Additionally, the company approved raising funds up to Rs 12,000 crore from the domestic market through the issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during the financial year 2024-2025 in one or more tranches/offers subject to the approval of shareholders of the company.

The company recommended a final dividend of Rs 4.75 per share (i.e., 47.50 per cent on the paid-up equity share capital) for the financial year 2022-23. The company fixed the record date for the final dividend as Tuesday, August 08, 2023.

The shares of the company have a PE multiple of 10.90 whereas the sectoral PE multiple is 28.50 with an ROE of 20 per cent. The stock offers a healthy dividend yield of 4.15 per cent and the company has been consistently paying out 60 per cent of its earnings to shareholders in the form of dividends.