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 ₹ 1,39,467 Cr.
- Current Price ₹ 31,290
- High / Low ₹ 38,800 / 16,104
- Stock P/E 117
- Book Value ₹ 1,161
- Dividend Yield 0.03 %
- 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 27.0 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE 500 BSE Capital Goods BSE 200 BSE Dollex 200 Nifty Next 50
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: | 67% |
| 3 Years: | 99% |
| 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
| 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 |
|
||||||
| Order Intake INR Crore |
|||||||
| Total Recordable Injury Frequency Rate per million hours |
|||||||
| Gender Diversity % |
|||||||
| Export Share of Revenue % |
|||||||
| Order Mix - Industries % |
|||||||
| Order Mix - Utilities % |
|||||||
| Order Mix - Direct End User % |
|||||||
Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window
-
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
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
Concalls
-
Aug 2026Transcript PPT REC
-
Jun 2026Transcript PPT REC
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT REC
-
Jan 2025PPT
-
Nov 2024Transcript PPT
-
Oct 2024PPT
-
Jul 2024Transcript PPT
-
May 2024Transcript PPT
-
Jan 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Jul 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Jul 2022Transcript PPT
-
Jun 2022Transcript PPT
-
Mar 2022PPT
-
Feb 2022Transcript PPT
-
Oct 2021Transcript PPT
-
Jul 2021Transcript
-
Jul 2021Transcript PPT
-
May 2021Transcript
-
May 2021Transcript PPT
-
May 2021PPT
-
Mar 2021Transcript PPT
-
Feb 2021PPT
-
Nov 2020Transcript PPT
-
Sep 2020Transcript
-
Sep 2020Transcript PPT
-
May 2020Transcript PPT
-
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.