Hitachi Energy India Ltd

Hitachi Energy India Ltd

₹ 36,870 0.94%
05 Jun - close price
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
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]

  • Market Cap 1,64,338 Cr.
  • Current Price 36,870
  • High / Low 38,800 / 16,104
  • Stock P/E 160
  • Book Value 1,161
  • Dividend Yield 0.02 %
  • ROCE 29.0 %
  • 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 31.8 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,334 1,040 1,228 1,274 1,695 1,327 1,554 1,620 1,884 1,479 1,833 2,082 2,754
1,239 1,006 1,163 1,206 1,513 1,279 1,444 1,453 1,646 1,324 1,534 1,737 2,338
Operating Profit 95 34 65 68 182 48 110 167 238 155 299 345 416
OPM % 7% 3% 5% 5% 11% 4% 7% 10% 13% 10% 16% 17% 15%
2 3 0 2 4 0 0 52 38 51 83 32 57
Interest 11 11 11 14 11 11 16 12 6 4 3 3 3
Depreciation 21 22 22 23 23 22 23 23 23 25 26 27 27
Profit before tax 65 3 32 34 152 15 71 184 247 177 353 348 443
Tax % 22% 29% 24% 32% 25% 31% 26% 25% 25% 26% 25% 25% 25%
51 2 25 23 114 10 52 137 184 132 264 261 330
EPS in Rs 11.99 0.57 5.84 5.42 26.82 2.46 12.34 32.41 41.26 29.52 59.31 58.65 74.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2019 Dec 2020 Dec 2021 Mar 2022 15m Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,236 3,420 3,771 4,884 4,469 5,237 6,385 8,148
2,899 3,152 3,526 4,560 4,218 4,878 5,780 6,895
Operating Profit 337 269 244 323 250 359 605 1,252
OPM % 10% 8% 6% 7% 6% 7% 9% 15%
-41 -18 74 101 15 9 57 186
Interest 28 38 32 53 54 57 54 13
Depreciation 48 77 81 95 80 90 91 104
Profit before tax 221 136 206 277 131 222 516 1,321
Tax % 25% 27% 26% 26% 28% 26% 26% 25%
165 100 152 203 94 164 384 988
EPS in Rs 39.02 23.55 35.80 47.99 22.16 38.64 86.15 221.63
Dividend Payout % 0% 8% 0% 6% 15% 10% 7% 0%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 22%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 54%
3 Years: 122%
TTM: 167%
Stock Price CAGR
10 Years: %
5 Years: 81%
3 Years: 111%
1 Year: 103%
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
579 656 653 713 695 717 952
CWIP 57 32 118 49 63 90 85
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% 139%

Ratios

Figures in Rs. Crores

Dec 2019 Dec 2020 Dec 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 201 168 106 125 106 121 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 10 -42
Working Capital Days 0 -10 19 21 29 -31 -46
ROCE % 19% 26% 13% 18% 19% 29%

Insights

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Dec 2020 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Manufacturing Units
Number
Order Backlog
INR Crores
Orders Received
INR Crores
Service Share of Orders
%
Total Employee Count
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 71.31% 71.31% 71.31% 71.31% 71.31%
4.52% 4.32% 4.06% 3.48% 5.02% 5.10% 4.52% 4.96% 7.19% 9.67% 10.69% 11.68%
8.08% 8.02% 8.49% 9.70% 8.53% 8.98% 9.20% 12.34% 10.27% 7.92% 7.17% 6.95%
12.38% 12.63% 12.44% 11.81% 11.44% 10.90% 11.26% 11.39% 11.20% 11.09% 10.81% 10.07%
No. of Shareholders 62,84461,79361,56362,48972,53673,28882,38490,72492,33199,14797,77190,555

* 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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