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 ₹ 1,44,113 Cr.
- Current Price ₹ 32,332
- High / Low ₹ 35,095 / 15,750
- Stock P/E 163
- Book Value ₹ 1,028
- Dividend Yield 0.02 %
- ROCE 19.4 %
- ROE 13.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 31.6 times its book value
- Company has a low return on equity of 12.2% over last 3 years.
- 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 500
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 3,236 | 3,420 | 3,771 | 4,884 | 4,469 | 5,237 | 6,385 | 7,277 | |
| 2,899 | 3,152 | 3,526 | 4,560 | 4,218 | 4,878 | 5,780 | 6,240 | |
| Operating Profit | 337 | 269 | 244 | 323 | 250 | 359 | 605 | 1,037 |
| OPM % | 10% | 8% | 6% | 7% | 6% | 7% | 9% | 14% |
| -41 | -18 | 74 | 101 | 15 | 9 | 57 | 203 | |
| Interest | 28 | 38 | 32 | 53 | 54 | 57 | 54 | 15 |
| Depreciation | 48 | 77 | 81 | 95 | 80 | 90 | 91 | 101 |
| Profit before tax | 221 | 136 | 206 | 277 | 131 | 222 | 516 | 1,124 |
| Tax % | 25% | 27% | 26% | 26% | 28% | 26% | 26% | |
| 165 | 100 | 152 | 203 | 94 | 164 | 384 | 841 | |
| EPS in Rs | 39.02 | 23.55 | 35.80 | 47.99 | 22.16 | 38.64 | 86.15 | 188.74 |
| Dividend Payout % | 0% | 8% | 0% | 6% | 15% | 10% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 9% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 29% |
| TTM: | 181% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 80% |
| 3 Years: | 101% |
| 1 Year: | 106% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Dec 2019 | Dec 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 9 | 9 |
| Reserves | 831 | 924 | 1,124 | 1,207 | 1,351 | 4,205 | 4,574 |
| 348 | 39 | 190 | 334 | 214 | 88 | 84 | |
| 2,253 | 2,532 | 2,201 | 2,369 | 3,134 | 4,311 | 5,095 | |
| Total Liabilities | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 | 8,613 | 9,762 |
| 579 | 656 | 653 | 713 | 695 | 717 | 697 | |
| CWIP | 57 | 32 | 118 | 49 | 63 | 90 | 117 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2,804 | 2,815 | 2,753 | 3,157 | 3,950 | 7,807 | 8,949 | |
| Total Assets | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 | 8,613 | 9,762 |
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 |
| Free Cash Flow | -146 | 519 | -294 | -294 | -7 | 163 | 1,366 |
| CFO/OP | 0% | 244% | -14% | -10% | 29% | 84% | 273% |
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 | 0 | -10 | 19 | 21 | 29 | -31 | |
| ROCE % | 19% | 26% | 13% | 18% | 19% |
Insights
In beta| Dec 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Export Share of Revenue % |
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| Order Backlog INR Crores |
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| Orders Received INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Board meets May 25, 2026 to approve Q4/FY26 results and consider dividend; analyst call May 26.
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Board Meeting Intimation for To Consider And Approve The Audited Financial Results Of The Company For The Fourth Quarter And Audited Accounts For The Financial Year Ended March 31, 2026 And Consider Recommendation Of Dividend, If Any, For The Financial Year Ended March 31, 2026.
2d - Board meets May 25, 2026 for Q4/FY26 results, audited accounts and dividend consideration; analyst call May 26.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 May - Crisil report for Q4 FY26 QIP shows Rs 469.66 crore utilized, Rs 2,006.63 crore unutilized.
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Regulation 32(3) - Statement Of Deviation Or Variation For The Quarter Ended March 31, 2026
13 May - QIP proceeds of Rs. 2,476.29 crore show no deviation for quarter ended March 31, 2026.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Jan 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Oct 2024TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Jun 2022Transcript PPT
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Mar 2022TranscriptAI SummaryPPT
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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 2021TranscriptAI SummaryPPT
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Mar 2021Transcript PPT
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Feb 2021TranscriptAI SummaryPPT
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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
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]