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 ₹ 85,974 Cr.
- Current Price ₹ 19,289
- High / Low ₹ 20,700 / 8,738
- Stock P/E 224
- Book Value ₹ 945
- Dividend Yield 0.02 %
- ROCE 19.1 %
- ROE 13.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 20.8 times its book value
- Promoter holding has decreased over last quarter: -3.69%
- Company has a low return on equity of 12.2% 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
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE 500 BSE Capital Goods BSE 200 Nifty 500 BSE SmallCap
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 | |
---|---|---|---|---|---|---|---|
3,236 | 3,420 | 3,771 | 4,884 | 4,469 | 5,237 | 6,385 | |
2,899 | 3,152 | 3,526 | 4,560 | 4,218 | 4,878 | 5,789 | |
Operating Profit | 337 | 269 | 244 | 323 | 250 | 359 | 596 |
OPM % | 10% | 8% | 6% | 7% | 6% | 7% | 9% |
-41 | -18 | 74 | 101 | 15 | 9 | 57 | |
Interest | 28 | 38 | 32 | 53 | 54 | 57 | 45 |
Depreciation | 48 | 77 | 81 | 95 | 80 | 90 | 91 |
Profit before tax | 221 | 136 | 206 | 277 | 131 | 222 | 516 |
Tax % | 25% | 27% | 26% | 26% | 28% | 26% | 26% |
165 | 100 | 152 | 203 | 94 | 164 | 384 | |
EPS in Rs | 39.02 | 23.55 | 35.80 | 47.99 | 22.16 | 38.64 | 86.15 |
Dividend Payout % | 0% | 8% | 0% | 6% | 15% | 10% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 9% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 29% |
TTM: | 134% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 89% |
3 Years: | 85% |
1 Year: | 54% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 8 | 8 | 9 | |
Reserves | 831 | 924 | 1,124 | 1,207 | 1,351 | 4,205 | |
348 | 39 | 190 | 334 | 214 | 88 | ||
2,253 | 2,532 | 2,201 | 2,369 | 3,134 | 4,311 | ||
Total Liabilities | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 | 8,613 | |
579 | 656 | 653 | 713 | 695 | 717 | ||
CWIP | 57 | 32 | 118 | 49 | 63 | 90 | |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | |
2,804 | 2,815 | 2,753 | 3,157 | 3,950 | 7,807 | ||
Total Assets | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 | 8,613 |
Cash Flows
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
-73 | 610 | -127 | -127 | 5 | 252 | 1,494 | |
-73 | -89 | -167 | -167 | -12 | -89 | -110 | |
333 | -390 | 61 | 61 | 84 | -199 | 2,295 | |
Net Cash Flow | 188 | 131 | -233 | -233 | 77 | -35 | 3,679 |
Ratios
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 201 | 168 | 106 | 125 | 106 | 121 | |
Inventory Days | 102 | 103 | 93 | 110 | 101 | 91 | |
Days Payable | 286 | 327 | 213 | 204 | 205 | 202 | |
Cash Conversion Cycle | 18 | -57 | -14 | 31 | 2 | 10 | |
Working Capital Days | 39 | -9 | 30 | 44 | 40 | -30 | |
ROCE % | 19% | 26% | 13% | 18% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Jun - Hitachi Energy India to supply 30 units of 765 kV transformers to Power Grid for India's grid expansion.
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Communication To Shareholders Holding Securities In Physical Mode For Furnishing Of KYC Details
21 Jun - Request to physical shareholders for mandatory PAN, KYC, nomination update per SEBI for dividend payments.
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Closure of Trading Window
13 Jun - Trading window closed from June 16, 2025, till 2 days after Board meeting for Q1 results.
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Communication To Shareholders In Respect Of Deduction Of Tax At Source On Dividend
12 Jun - Board recommends Rs.6 dividend/share; details on TDS and compliance for FY 2025-26 provided.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 May - N Venu appointed Managing Director of Hitachi India, effective June 2, 2025, driving growth and digital transformation.
Annual reports
Concalls
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May 2025Transcript PPT
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Part of Hitachi Group, Japan
On Dec 22, Hitachi Ltd acquired full ownership of the company by purchasing a 19.9% stake. Hitachi, a global leader in electronics, industrial machinery, and infrastructure since 1910, has 573 subsidiaries and around 270,000 employees. The company now uses the Hitachi brand for external communication and benefits from Hitachi's extensive resources and expertise. [1] [2] [3]