Hitachi Energy India Ltd

Hitachi Energy India Ltd

₹ 5,881 -0.26%
26 Feb - 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
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]

  • Market Cap 24,926 Cr.
  • Current Price 5,881
  • High / Low 6,528 / 3,030
  • Stock P/E 247
  • Book Value 289
  • Dividend Yield 0.06 %
  • ROCE 12.9 %
  • ROE 8.03 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 20.4 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,044 1,016 784 849 1,123 1,113 986 1,115 1,034 1,334 1,040 1,228 1,274
972 942 748 775 1,061 1,047 960 1,039 994 1,239 1,006 1,163 1,206
Operating Profit 72 74 36 73 62 66 26 76 39 95 34 65 68
OPM % 7% 7% 5% 9% 6% 6% 3% 7% 4% 7% 3% 5% 5%
30 8 13 2 51 29 5 0 7 2 3 0 2
Interest 6 8 8 9 7 10 8 7 13 11 11 11 14
Depreciation 20 20 19 19 22 15 21 18 20 21 22 22 23
Profit before tax 76 54 22 47 83 71 2 50 13 65 3 32 34
Tax % 27% 27% 25% 27% 26% 27% 36% 26% 66% 22% 29% 24% 32%
55 39 16 34 62 52 1 37 5 51 2 25 23
EPS in Rs 12.97 9.31 3.85 8.10 14.55 12.19 0.32 8.77 1.08 11.99 0.57 5.84 5.42
Raw PDF

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: 60%
1 Year: 78%
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
4.93% 4.77% 4.71% 4.96% 4.71% 5.10% 4.95% 4.90% 4.81% 4.52% 4.32% 4.06%
1.60% 1.84% 1.93% 1.59% 1.50% 1.52% 7.12% 7.55% 7.88% 8.08% 8.02% 8.49%
18.47% 18.39% 18.36% 18.45% 18.79% 18.38% 12.91% 12.55% 12.31% 12.38% 12.63% 12.44%
No. of Shareholders 53,70156,68260,27060,81369,64668,72669,24469,76464,14462,84461,79361,563

* 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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Documents

Concalls