Hitachi Energy India Ltd

Hitachi Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hitachi Energy India Ltd

₹ 10,832 -4.80%
21 May - close price
new.abb.com/grid/appsil BSE: 543187 NSE: POWERINDIA
About

Hitachi Energy India Ltd (formerly known as ABB Power Products and Systems India Ltd.) was created in 2019 as a Joint Venture between Hitachi and ABB's Power Grids. The company serves utility and industry customers, with a complete range of engineering, products, solutions, and services in areas of Power technology. [1][2]

Key Points

Part of Hitachi Group, Japan
Hitachi Energy International is the world's leading provider of grid connections and power quality solutions, with an installed base of more than 10,000 projects worldwide, over 800 of which connect renewable energy sources for the grid and they hold a 75% stake in Hitachi Energy India.[1]

Website BSE NSE
  • Market Cap ₹ 45,908 Cr.
  • Current Price ₹ 10,832
  • High / Low ₹ 12,380 / 3,739
  • Stock P/E 280
  • Book Value ₹ 321
  • Dividend Yield 0.03 %
  • ROCE 17.2 %
  • ROE 12.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 33.8 times its book value
  • Company has a low return on equity of 12.5% over last 3 years.
  • Dividend payout has been low at 10.6% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,016 784 849 1,123 1,113 986 1,115 1,034 1,334 1,040 1,228 1,274 1,695
942 748 775 1,061 1,047 960 1,039 994 1,239 1,006 1,163 1,206 1,513
Operating Profit 74 36 73 62 66 26 76 39 95 34 65 68 182
OPM % 7% 5% 9% 6% 6% 3% 7% 4% 7% 3% 5% 5% 11%
8 13 2 51 29 5 0 7 2 3 0 2 4
Interest 8 8 9 7 10 8 7 13 11 11 11 14 11
Depreciation 20 19 19 22 15 21 18 20 21 22 22 23 23
Profit before tax 54 22 47 83 71 2 50 13 65 3 32 34 152
Tax % 27% 25% 27% 26% 27% 36% 26% 66% 22% 29% 24% 32% 25%
39 16 34 62 52 1 37 5 51 2 25 23 114
EPS in Rs 9.31 3.85 8.10 14.55 12.19 0.32 8.77 1.08 11.99 0.57 5.84 5.42 26.82
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2019 Dec 2020 Dec 2021 Mar 2022 Mar 2023 Mar 2024
3,236 3,420 3,771 4,884 4,469 5,237
2,899 3,152 3,526 4,560 4,218 4,889
Operating Profit 337 269 244 323 250 349
OPM % 10% 8% 6% 7% 6% 7%
-41 -18 74 101 15 9
Interest 28 38 32 53 54 47
Depreciation 48 77 81 95 80 90
Profit before tax 221 136 206 277 131 222
Tax % 25% 27% 26% 26% 28% 26%
165 100 152 203 94 164
EPS in Rs 39.02 23.55 35.80 47.99 22.16 38.64
Dividend Payout % 0% 8% 0% 6% 15% 10%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 11%
TTM: 74%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 83%
1 Year: 171%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Dec 2019 Dec 2020 Dec 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8
Reserves 831 924 1,124 1,207 1,351
348 39 190 334 214
2,253 2,532 2,201 2,369 3,134
Total Liabilities 3,441 3,503 3,524 3,919 4,707
579 656 653 713 695
CWIP 57 32 118 49 63
Investments 0 0 0 0 0
2,804 2,815 2,753 3,157 3,950
Total Assets 3,441 3,503 3,524 3,919 4,707

Cash Flows

Figures in Rs. Crores

Dec 2019 Dec 2020 Dec 2021 Mar 2022 Mar 2023 Mar 2024
-73 610 -127 -127 5
-73 -89 -167 -167 -12
333 -390 61 61 84
Net Cash Flow 188 131 -233 -233 77

Ratios

Figures in Rs. Crores

Dec 2019 Dec 2020 Dec 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 201 168 106 125 106
Inventory Days 102 103 93 110 101
Days Payable 286 327 213 204 205
Cash Conversion Cycle 18 -57 -14 31 2
Working Capital Days 39 -9 30 44 40
ROCE % 19% 26% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
4.77% 4.71% 4.96% 4.71% 5.10% 4.95% 4.90% 4.81% 4.52% 4.32% 4.06% 3.48%
1.84% 1.93% 1.59% 1.50% 1.52% 7.12% 7.55% 7.88% 8.08% 8.02% 8.49% 9.70%
18.39% 18.36% 18.45% 18.79% 18.38% 12.91% 12.55% 12.31% 12.38% 12.63% 12.44% 11.81%
No. of Shareholders 56,68260,27060,81369,64668,72669,24469,76464,14462,84461,79361,56362,489

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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Credit ratings

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