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You are here : IndiaNotes >> Research & Analysis >> Companies >> Power Grid Corporation of India Ltd. >> Research

PGCI Q3FY18: EBITDA jumped 15% YoY; Buy

Suhani Adilabadkar | 05 Mar, 2018  | Follow Author | Add to my Favourites 
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Power Grid Corporation of India  transmits more than 45%  of  power  generated  in  India.  Though  major  revenue  driver  is transmission  business,  company  is  leveraging  its  electricity  network  topology  to  form  optic  fiber  network  for  long distance  telecommunication  network.  Power  Grid Corporation  Of  India  has  further  diversified  its  revenue basket  by  providing  consultancy  services  to  State  owned Utilities, private utilities, government departments etc.  In the present scenario with government reforms giving huge fillip to  power  &  infrastructure,  Electric  Utilities  sector  stands  to gain  in  the  long  run.  We  recommend  BUY  for  the  stock  for medium & long term investment with PE multiple of  12.08  x  FY18E & 10.74 x FY19E with a target price of Rs. 285.

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194.25 +1.05
194.25 +1.55
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About Suhani Adilabadkar

Suhani Adilabadkar is a Research Analyst registered with SEBI ((INH200003240)) She has done PGDBA (Finance), MS (Finance) and a Fellowship from Insurance Institute of India. She maintains a blog where she publishes research reports across industries -

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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