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 ₹ 34,807 Cr.
- Current Price ₹ 8,213
- High / Low ₹ 8,500 / 3,268
- Stock P/E 345
- Book Value ₹ 289
- Dividend Yield 0.04 %
- ROCE 12.9 %
- ROE 8.03 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 28.4 times its book value
- Company has a low return on equity of 12.7% 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|
3,236 | 3,420 | 3,771 | 4,884 | 4,469 | 4,876 | |
2,899 | 3,152 | 3,526 | 4,560 | 4,218 | 4,614 | |
Operating Profit | 337 | 269 | 244 | 323 | 250 | 262 |
OPM % | 10% | 8% | 6% | 7% | 6% | 5% |
-41 | -18 | 74 | 101 | 15 | 8 | |
Interest | 28 | 38 | 32 | 53 | 54 | 47 |
Depreciation | 48 | 77 | 81 | 95 | 80 | 89 |
Profit before tax | 221 | 136 | 206 | 277 | 131 | 135 |
Tax % | 25% | 27% | 26% | 26% | 28% | |
165 | 100 | 152 | 203 | 94 | 101 | |
EPS in Rs | 39.02 | 23.55 | 35.80 | 47.99 | 22.16 | 23.82 |
Dividend Payout % | 0% | 8% | 0% | 6% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 11% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -22% |
TTM: | 7% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 75% |
1 Year: | 150% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 13% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 8 | 8 |
Reserves | 831 | 924 | 1,124 | 1,207 | 1,216 |
348 | 39 | 190 | 334 | 338 | |
2,253 | 2,532 | 2,201 | 2,369 | 2,469 | |
Total Liabilities | 3,441 | 3,503 | 3,524 | 3,919 | 4,032 |
579 | 656 | 653 | 713 | 693 | |
CWIP | 57 | 32 | 118 | 49 | 51 |
Investments | 0 | 0 | 0 | 0 | 0 |
2,804 | 2,815 | 2,753 | 3,157 | 3,289 | |
Total Assets | 3,441 | 3,503 | 3,524 | 3,919 | 4,032 |
Cash Flows
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
-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 | |
---|---|---|---|---|---|
Debtor Days | 201 | 168 | 106 | 125 | |
Inventory Days | 102 | 103 | 93 | 110 | |
Days Payable | 286 | 327 | 213 | 204 | |
Cash Conversion Cycle | 18 | -57 | -14 | 31 | |
Working Capital Days | 39 | -9 | 30 | 44 | |
ROCE % | 19% | 26% | 13% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 15 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 15 Apr
- Compliance Certificate For The Period Ended March 31, 2024 15 Apr
Annual reports
Concalls
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 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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Jun 2022Transcript PPT
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Mar 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021TranscriptPPT
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Jul 2021Transcript PPT
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May 2021TranscriptPPT
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May 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Mar 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Sep 2020TranscriptPPT
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Sep 2020Transcript PPT
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May 2020Transcript PPT
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Apr 2020Transcript PPT
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]