--------------

----- in
Rs. Cr.
Balance --------------
Sheet -----
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total
Share
Capital 3,584.63 3,787.41 4,208.84 4,208.84 4,208.84
Equity
Share
Capital 3,584.63 3,787.41 4,208.84 4,208.84 4,208.84
Share
Applicatio
n Money 38.81 38.81 0.00 0.00 0.00
Preferenc
e Share
Capital 0.00 0.00 0.00 0.00 0.00
Reserves 6,378.55 7,138.66 9,545.33 9,325.14 11,733.06
Revaluati
on
Reserves 0.00 0.00 0.00 0.00 0.00
Networth 10,001.99 10,964.88 13,754.17 13,533.98 15,941.90
Secured
Loans 10,406.62 13,053.30 17,552.13 25,288.25 31,345.78
Unsecure
d Loans 4,619.51 6,272.20 4,711.35 3,177.18 5,483.46
Total
Debt 15,026.13 19,325.50 22,263.48 28,465.43 36,829.24
Total
Liabilities 25,028.12 30,290.38 36,017.65 41,999.41 52,771.14
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds
Gross
Block 24,879.22 29,004.09 35,417.14 40,319.33 43,202.28
Less:
Accum.
Depreciati
on 6,372.01 7,198.56 8,061.94 9,190.89 11,141.02
Net Block 18,507.21 21,805.53 27,355.20 31,128.44 32,061.26
Capital
Work in
Progress 6,409.89 9,450.93 8,758.09 13,286.00 20,422.18
Investme
nts 2,139.41 1,967.00 1,736.22 1,592.83 1,453.22
Inventorie
s 180.24 184.13 248.22 297.57 344.90
Sundry
Debtors 325.60 490.48 1,100.50 1,373.56 2,214.86
Cash and
Bank
Balance 0.63 167.21 12.50 53.06 3,277.64
Total
Current
Assets 506.47 841.82 1,361.22 1,724.19 5,837.40
Loans
and
Advances 1,647.42 1,651.64 2,185.21 2,928.01 3,789.92
Fixed
Deposits 588.42 1,029.61 1,853.09 2,375.82 0.00
Total CA,
Loans &
Advances 2,742.31 3,523.07 5,399.52 7,028.02 9,627.32
Deffered
Credit 0.00 0.00 0.00 0.00 0.00
Current
Liabilities 4,113.03 5,635.64 5,885.98 8,851.56 8,338.11

Provisions 678.40 833.37 1,352.59 2,189.82 2,458.29

Total CL
&
Provisions 4,791.43 6,469.01 7,238.57 11,041.38 10,796.40
Net
Current
Assets -2,049.12 -2,945.94 -1,839.05 -4,013.36 -1,169.08

Miscellan
eous
Expenses 20.73 12.86 7.19 5.50 3.56
Total
Assets 25,028.12 30,290.38 36,017.65 41,999.41 52,771.14

Contingen
t
Liabilities 6,207.85 6,909.61 5,754.66 22,265.47 21,146.82
Book
Value
(Rs) 2,779.42 28.85 32.68 32.16 37.88
 --------------
----- in
Profit & Rs. Cr.
Loss --------------
account -----
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales
Turnover 3,145.34 3,589.85 4,614.82 6,579.81 7,127.45
Excise
Duty 0.00 0.00 0.00 0.00 0.00
Net Sales 3,145.34 3,589.85 4,614.82 6,579.81 7,127.45
Other
Income 340.81 358.85 468.92 496.99 376.13
Stock
Adjustme
nts 0.00 0.00 0.00 0.00 0.00
Total
Income 3,486.15 3,948.70 5,083.74 7,076.80 7,503.58
Expenditure
Raw
Materials 0.01 0.01 0.03 0.02 0.03
Power &
Fuel Cost 39.88 35.37 51.75 55.16 64.38
Employee
Cost 358.91 468.21 691.60 899.86 726.70

Other
Manufact
uring
Expenses 49.87 112.71 110.12 107.04 160.53

Selling
and
Admin
Expenses 103.99 123.43 122.90 222.73 0.00

Miscellan
eous
Expenses 56.78 59.15 82.79 106.58 304.64
Preoperat
ive Exp
Capitalise
d -154.40 -197.10 -694.37 -913.16 0.00
Total
Expenses 455.04 601.78 364.82 478.23 1,256.28
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Operating
Profit 2,690.30 2,988.07 4,250.00 6,101.58 5,871.17
PBDIT 3,031.11 3,346.92 4,718.92 6,598.57 6,247.30
Interest 1,104.00 1,171.73 1,842.19 3,199.94 1,543.24
PBDT 1,927.11 2,175.19 2,876.73 3,398.63 4,704.06
Depreciati
on 744.33 827.58 959.65 1,093.97 1,979.69
Other
Written
Off 8.86 8.19 5.43 1.83 1.78
Profit
Before
Tax 1,173.92 1,339.42 1,911.65 2,302.83 2,722.59
Extra-
ordinary
items -3.03 139.61 -173.66 -230.69 -86.34

PBT (Post
Extra-ord
Items) 1,170.89 1,479.03 1,737.99 2,072.14 2,636.25
Tax 161.84 249.53 282.07 377.63 595.31
Reported
Net Profit 1,008.93 1,229.37 1,448.47 1,690.61 2,040.94
Total
Value
Addition 455.03 601.77 364.79 478.21 1,256.25
Preferenc
e
Dividend 0.00 0.00 0.00 0.00 0.00
Equity
Dividend 302.68 368.82 505.08 505.08 631.34
Corporate
Dividend
Tax 42.44 59.26 85.84 85.84 105.67
Per share data
(annualised)
Shares in
issue
(lakhs) 358.46 37,874.07 42,088.41 42,088.41 42,088.41
Earning
Per Share
(Rs) 281.46 3.25 3.44 4.02 4.85
Equity
Dividend
(%) 9.00 10.00 12.00 12.00 15.00
Book
Value
(Rs) 2,779.42 28.85 32.68 32.16 37.88

--------------
----- in
Key Rs. Cr.
Financial --------------
Ratios -----

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

Investment Valuation
Ratios
Face
Value 1,000.00 10.00 10.00 10.00 10.00

Dividend
Per Share 90.00 1.00 1.20 1.20 1.50
Operating
Profit Per
Share
(Rs) 750.48 7.89 10.08 14.49 13.95
Net
Operating
Profit Per
Share
(Rs) 877.45 9.48 10.96 15.63 16.93

Free
Reserves
Per Share
(Rs) 1,457.41 15.21 18.78 17.39 -0.01
Bonus in
Equity
Capital -- -- -- -- --
Profitability Ratios
Operating
Profit
Margin(%) 85.52 83.23 91.93 92.67 81.34

Profit
Before
Interest
And Tax
Margin(%) 55.81 54.7 64.57 70.65 50.09

Gross
Profit
Margin(%) 56.01 55.87 71.13 76.04 53.57

Cash
Profit
Margin(%) 50.28 52.09 50.89 42.67 53.94

Adjusted
Cash
Margin(%) 50.63 48.76 50.89 42.67 54.75

Net Profit
Margin(%) 28.93 31.13 28.49 23.87 27.19

Adjusted
Net Profit
Margin(%) 29.03 27.6 28.49 23.87 26.77
Return
On
Capital
Employed
(%) 9.1 8.29 10.4 13.1 8.58
Return
On Net
Worth(%) 10.09 11.21 10.53 12.49 12.92
Adjusted
Return on
Net
Worth(%) 10.18 9.98 11.8 14.24 13.34
Return on
Assets
Excluding
Revaluati
ons 3.38 28.81 32.66 32.14 37.87
Return on
Assets
Including
Revaluati
ons 3.38 28.81 32.66 32.14 37.87
Return on
Long
Term
Funds(%) 9.32 8.51 10.62 13.34 8.08
Liquidity And
Solvency Ratios
Current
Ratio 0.51 0.49 0.68 0.6 0.89
Quick
Ratio 0.53 0.51 0.71 0.61 0.86
Debt
Equity
Ratio 1.51 1.77 1.62 2.1 2.18
Long
Term
Debt
Equity
Ratio 1.47 1.71 1.59 2.08 2.12
Debt Coverage
Ratios
Interest
Cover 2.11 2.2 2.07 1.74 2.79
Total
Debt to
Owners
Fund 1.51 1.77 1.62 2.1 2.31
Financial
Charges
Coverage
Ratio 2.75 2.86 2.56 2.06 4.05
Financial
Charges
Coverage
Ratio
Post Tax 2.6 2.76 2.31 1.87 3.61
Management
Efficiency Ratios
Inventory
Turnover
Ratio 19.34 21.45 -- -- --
Debtors
Turnover
Ratio 8.1 8.8 5.8 5.32 3.97
Investme
nts
Turnover
Ratio 17.45 19.5 -- -- 20.67
Fixed
Assets
Turnover
Ratio 0.14 0.13 -- -- --
Total
Assets
Turnover
Ratio 0.13 0.12 0.13 -- 0.14
Asset
Turnover
Ratio 0.13 0.12 0.13 0.16 0.16

Average
Raw
Material
Holding -- -- -- -- --
Average
Finished
Goods
Held -- -- -- -- --

Number
of Days In
Working
Capital -234.53 -295.43 -143.46 -219.58 -59.05
Profit & Loss Account
Ratios
Material
Cost
Compositi
on -- -- -- -- --

Imported
Compositi
on of Raw
Materials
Consume
d -- 9.77 -- -- --
Selling
Distributio
n Cost
Compositi
on 0.18 0.2 0.18 0.14 --
Expenses
as
Compositi
on of
Total
Sales -- 0.01 0.05 0.01 0.03
Cash Flow Indicator
Ratios
Dividend
Payout
Ratio Net
Profit 34.2 34.82 40.79 34.95 36.11
Dividend
Payout
Ratio
Cash
Profit 19.58 20.72 24.48 21.2 18.32
Earning
Retention
Ratio 65.91 60.73 63.58 69.34 65.36
Cash
Earning
Retention
Ratio 80.46 77.77 77.17 80.45 82.07
Adjusted
Cash
Flow
Times 8.51 10.04 8.61 9.42 8.96

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

Earnings
Per Share 281.46 3.25 3.44 4.02 4.85
Book
Value 2,779.42 28.85 32.68 32.16 37.88

Capital Structure (Power Grid Corporation of India)

Period Instrumen Authorize Issued -PAIDUP-
t d Capital Capital
From To (Rs. cr) (Rs. cr)Shares Face Capital
(nos) Value
Equity 21474836
2009 2010 Share 214.75 214.75 47 10 214.75
Equity 21474836
2008 2009 Share 214.75 214.75 47 10 214.75
Equity 21474836
2007 2008 Share 214.75 214.75 47 10 214.75
 Equity 21474836
2006 2007 Share 214.75 214.75 47 10 214.75
Equity
2005 2006 Share 214.75 214.75 35846286 1000 214.75
Equity
2004 2005 Share 214.75 214.75 31652486 1000 214.75
Equity
2002 2003 Share 214.75 214.75 30352486 1000 214.75
Equity
2001 2002 Share 214.75 214.75 30289986 1000 214.75

Source : Religare Technova