Whalesbook
Aakhir profit kaise badha jab revenue gira?
Dekho, Power Grid waalon ne cost control par khoob focus kiya hai, isliye profit mein jump dikha. Unka EBITDA toh 11.3% gir gaya aur margin 77.7% se kam hokar 83.3% ho gaya tha, jo thoda pressure dikhata hai. Lekin, main transmission business ka revenue 7.2% gira toh sahi, par unki consultancy business ne toh kamaal kar diya, revenue 60.4% boom ho gaya! Is diversification ne core business ke losses ko manage kar liya.
Company loan le rahi hai aur dividend bhi de rahi hai!
Isi beech, company ke board ne future ke liye capital strong karne ke waaste ₹5,000 crore ka rupee term loan approve kar diya hai. Aur haan, shareholders ke liye bhi khush khabri hai, final dividend ₹1.25 per share announce hua hai.
Valuation aur Sector ka scene
Abhi stock ₹305.90 ke aas paas trade ho raha hai aur 1.38% upar gaya tha. Waise, company ka P/E ratio 19.36x hai, jo inke 10-year average 10.73x se kaafi upar hai. REC aur PFC jaise competitors ka P/E toh 5.62x aur 5.88x ke aas paas hai. Lagta hai investors inki national infrastructure mein role ko zyada importance de rahe hain.
Future plans aur Risks
Power Grid ko aane wale samay mein ₹1.02 lakh crore ke capex ki need hai, jo renewable energy ko integrate karne ke liye bahut zaroori hai. FY27 mein company ₹35,000 crore spend karne ka plan bana rahi hai. Lekin haan, debt-to-equity ratio 1.41 hai aur ₹1,396.8 billion ka total debt hai, jise manage karna padega. Plus, El Niño effect se summers garam ho sakte hain, jisse energy demand badh sakti hai aur operational challenges aa sakte hain.
Analysts kya bol rahe hain?
Analysts ka mix view hai, target price ₹269.67 se ₹459.70 tak jaa raha hai, average ₹327.51 ke aas paas. Overall, sector mein bahut investment aa rahi hai, jisme Power Grid ka role bahut important hone wala hai.