Hitachi Energy India Ltd
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]
- Market Cap ₹ 1,42,008 Cr.
- Current Price ₹ 31,860
- High / Low ₹ 38,800 / 16,104
- Stock P/E 119
- Book Value ₹ 1,161
- Dividend Yield 0.02 %
- ROCE 29.4 %
- ROE 21.9 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 53.7% CAGR over last 5 years
Cons
- Stock is trading at 27.6 times its book value
- Promoter holding has decreased over last 3 years: -3.69%
* 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.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 15m | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 3,236 | 3,420 | 3,771 | 4,884 | 4,469 | 5,237 | 6,385 | 8,148 | 9,162 | |
| 2,899 | 3,152 | 3,526 | 4,560 | 4,218 | 4,878 | 5,780 | 6,879 | 7,738 | |
| Operating Profit | 337 | 269 | 244 | 323 | 250 | 359 | 605 | 1,268 | 1,424 |
| OPM % | 10% | 8% | 6% | 7% | 6% | 7% | 9% | 16% | 16% |
| -41 | -18 | 74 | 101 | 15 | 9 | 57 | 185 | 229 | |
| Interest | 28 | 38 | 32 | 53 | 54 | 57 | 54 | 28 | 12 |
| Depreciation | 48 | 77 | 81 | 95 | 80 | 90 | 91 | 104 | 108 |
| Profit before tax | 221 | 136 | 206 | 277 | 131 | 222 | 516 | 1,321 | 1,534 |
| Tax % | 25% | 27% | 26% | 26% | 28% | 26% | 26% | 25% | |
| 165 | 100 | 152 | 203 | 94 | 164 | 384 | 988 | 1,150 | |
| EPS in Rs | 39.02 | 23.55 | 35.80 | 47.99 | 22.16 | 38.64 | 86.15 | 221.63 | 258.09 |
| Dividend Payout % | 0% | 8% | 0% | 6% | 15% | 10% | 7% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 22% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 122% |
| TTM: | 136% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 70% |
| 3 Years: | 98% |
| 1 Year: | 72% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 9 | 9 | |
| Reserves | 831 | 924 | 1,124 | 1,207 | 1,351 | 4,205 | 5,167 | |
| 348 | 39 | 190 | 334 | 214 | 88 | 86 | ||
| 2,253 | 2,532 | 2,201 | 2,369 | 3,134 | 4,311 | 6,782 | ||
| Total Liabilities | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 | 8,613 | 12,044 | |
| 579 | 656 | 653 | 713 | 695 | 717 | 845 | ||
| CWIP | 57 | 32 | 118 | 49 | 63 | 90 | 192 | |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2,804 | 2,815 | 2,753 | 3,157 | 3,950 | 7,807 | 11,006 | ||
| Total Assets | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 | 8,613 | 12,044 |
Cash Flows
Figures in Rs. Crores
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -73 | 610 | -127 | -127 | 5 | 252 | 1,494 | 1,245 | |
| -73 | -89 | -167 | -167 | -12 | -89 | -110 | -271 | |
| 333 | -390 | 61 | 61 | 84 | -199 | 2,295 | -91 | |
| Net Cash Flow | 188 | 131 | -233 | -233 | 77 | -35 | 3,679 | 883 |
| Free Cash Flow | -146 | 519 | -294 | -294 | -7 | 163 | 1,366 | 735 |
| CFO/OP | 0% | 244% | -14% | -10% | 29% | 84% | 273% | 138% |
Ratios
Figures in Rs. Crores
| Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 201 | 168 | 106 | 125 | 106 | 90 | 86 | |
| Inventory Days | 102 | 103 | 93 | 110 | 101 | 91 | 119 | |
| Days Payable | 286 | 327 | 213 | 204 | 205 | 202 | 246 | |
| Cash Conversion Cycle | 18 | -57 | -14 | 31 | 2 | -20 | -42 | |
| Working Capital Days | 0 | -10 | 19 | 21 | 29 | -31 | -46 | |
| ROCE % | 19% | 26% | 13% | 18% | 19% | 29% |
Insights
In beta| Dec 2019 | Dec 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Order Backlog INR Crore |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Management will meet Macquarie India in person on 22 September 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation
- Announcement under Regulation 30 (LODR)-Newspaper Publication
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Jan 2025PPT
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Nov 2024Transcript PPT
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Oct 2024PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Jul 2022Transcript PPT
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Mar 2022PPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021Transcript
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Jul 2021Transcript PPT
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May 2021Transcript
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May 2021Transcript PPT
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May 2021PPT
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Mar 2021Transcript PPT
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Feb 2021PPT
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Nov 2020Transcript PPT
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Sep 2020Transcript
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Sep 2020Transcript PPT
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May 2020Transcript PPT
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Apr 2020Transcript PPT
Holding Company:[1] [2]
Hitachi Limited, Japan, holds 100% stake in Hitachi Energy Ltd,
which in turn holds 71.3% stake in the company. Hitachi operates
globally in 4 sectors - Digital Systems & Services, Energy, Mobility,
and Connective Industries, and the Strategic SIB Business Unit for
new growth businesses, with 618 consolidated subsidiaries and approximately 2,80,000 employees worldwide.