Power Grid Corp of I Dividend yield




   INR/share 
 Price  215.65
 Dividend  13.05
 Earnings  21.35
 Cash-flow  37.18
 Book value  126.85
 Equity  117.96

Power Grid Corp of I is part of Electricity business, which is part of Utilities industry. Power Grid Corp of I is a company from India, and his stocks are publicly traded.

Power Grid Corp of I paid a total dividend of 68,278 million INR last year, for a market value of 1,128,281 millions (Market Cap 479,798 millions). Dividend per share of Power Grid Corp of I is 13.05 INR, and his stock market price 215.65 INR.

According to the chart below, where dividend yield is displayed, Power Grid Corp of I has a dividend yield of 6.05%, which is higher than the amount offered by both the market average and companies from India. It is also bigger than average of Utilities industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Power Grid Corp of I dividend yield with other Electricity companies or firms from India.

Dividend yield of Power Grid Corp of I

Power Grid Corp of I Dividend Payout

About the ability of Power Grid Corp of I to maintain his current dividend of INR 13.05 per share, an amount that accounts for 6.05%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Power Grid Corp of I payout on ernings is currently 61.12%, which is higher than the market average, and companies of Utilities industry, which are 38.17% and 58.26% respectively. Both figures show that Power Grid Corp of I can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Power Grid Corp of I is INR 37.18 per share, which is higher than the dividend per share paid by the company of INR 13.05, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Power Grid Corp of I, compared againt world market average, India companies, Utilities industry and Electricity sector companies.

Power Grid Corp of I payout

Power Grid Corp of I Dividend History

Year Yield  INR  Paypout  Shares* 
Present6.05%13.0561.12%5,232
20204.76%9.0442.38%5,232
20194.38%8.3342.92%5,232
20182.64%5.2432.98%5,232
20172.17%4.3530.19%5,232
20161.20%2.3019.78%5,232
20151.47%2.0020.58%5,232

*In millions

Power Grid Corp of I Stock performance

Finally, last moth Power Grid Corp of I showed a return of 0.60% compared to a worldwide 4.24% average, and a 7.19% of Utilities firms. Over the last year, the company obtained a 35.50% versus a worldwide performance of a 53.49%. More detailed information can be seen in the following graph for India and Electricity firms.

Power Grid Corp of I stock and market return