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    Power Grid: Valuation looks attractive

    A strong balance sheet, the non-cyclical business model, good opportunities in transmission and its sectoral domination put Power Grid in a position of strength

    Jitendra Kumar Gupta
    August 13, 2020 / 01:27 PM IST
    Power Grid: Valuation looks attractive

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Jitendra Kumar Gupta Moneycontrol Research Highlights - Delivered better-than-expected results in June quarter - Lower capitalisation and higher expenditure impacted margins - Earnings growth to moderate this year but improve substantially in fiscal 2022 - Valuations at historic low, offering a good 6 per cent dividend yield Power Grid Corporation of India (CMP: Rs 178, Mcap: Rs 93069 crore) has put up a moderate performance at a time the economy is ravaged by the pandemic. More importantly, the performance trajectory going forward looks good considering the fact that some of...

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