Power Grid Corporation of India's intrinsic value using Intellectual Capital analysis

Power Grid Corporation of India

BSE : 532898

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NSE : POWERGRID

Industry : Pow. Distribution

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ISIN : INE752E01010

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FreeFloat : 35.00%

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FnO : Yes

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LotSize : 5333

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Intellectual Capital (IC)	146,271.50
Net Worth (NW)	75,934.36
Intrinsic Worth (IW)	222,205.80
Market Cap (MC)	121,582.10
Economic Value Added	3,310.27

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	65.83%
IC Gross Margin (EBITDA/IC)	28.37%
IC Net Margin (NPT/IC)	11.55%
Knowledge Turnover (Sales/IC)	0.29
Market to Intrinsic Value (MC/IW)	0.55

As Of	Intrinsic Value	Market Price
30 Jun 2021	Rs. 424.74	Rs. 232.40
20 Sep 2021	----	Rs. 177.00
20 Sep 2021	----	-1.80 -1.02%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Buy	10 DMA : Rs. 175.46	Reduce	Buy on Dips
KB > 50% : Yes		50 DMA : Rs. 191.48
0 < M2IV < 1 : Yes		Vol-Price trend : Falling

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Sep-18
C
8538.07
8718.20
7225.27
4592.27
2545.06
2316.63
2348.25

Dec-18
C
8735.75
8878.73
7837.54
5142.63
3105.44
2309.19
2345.97

Mar-19
C
9535.12
9687.91
8102.89
5386.96
3240.80
3035.34
3061.43

Jun-19
C
9179.63
9361.72
8268.52
5485.91
3379.42
2473.46
2502.80

Sep-19
C
9051.29
9260.46
7921.46
5046.79
2957.15
2523.64
2571.10

Dec-19
C
9364.36
9541.13
8247.01
5315.85
3105.52
2641.58
2672.03

Mar-20
C
10148.26
10507.65
8910.52
5891.92
3357.41
3313.47
3313.47

Jun-20
C
9457.40
9816.72
7673.83
4715.02
2512.32
2048.42
2048.42

Sep-20
C
9529.68
9831.00
8795.57
5900.74
3897.47
3094.10
3094.10

Dec-20
C
10142.48
10359.48
9187.63
6114.28
4067.06
3367.71
3367.77

Mar-21
C
10510.23
10816.33
9655.88
6543.68
4662.18
3526.23
3526.29

Jun-21
C
10216.48
10391.61
12204.90
9092.40
6876.44
5998.28
5998.29

* C - Consolidated, S - Standalone