Hitachi Energy India Limited POWERINDIA NIFTY_MIDNSEINFRA

Industrials · Electrical Equipment & Parts · India

https://www.hitachienergy.com/in/en

Hitachi Energy India Limited offers products, projects, and services for electricity transmission and related activities in India and internationally. The company is involved in engineering, integration, installation, commissioning, and support of project and services, and design, manufacturing, configuration, and supply of system, equipment, devices, and accessories products. It also manufactures and sells electric motors, generators, transformers, and electricity distribution and control apparatus, as well as projects and services related electrical equipment. In addition, the company offers cable accessories, capacitors and filters, communication networks, cooling systems, disconnectors, energy storage, flexible AC transmission system, generator circuit breakers, high voltage switchgear and breakers, insulation and components, power conversion, semiconductors, surge arresters, and transformers. Further, it provides cybersecurity, digitalization, and power quality solutions, as well as substation automation, protection, and control services; and substations and electrifications solutions. Additionally, the company offers asset and work management, energy portfolio management, and grid and generation management software. It serves utility and industry customers. The company was formerly known as ABB Power Products and Systems India Limited and changed its name to Hitachi Energy India Limited in November 2021. Hitachi Energy India Limited was incorporated in 2019 and is headquartered in Bengaluru, India. Hitachi Energy India Limited is a subsidiary of Hitachi Energy Ltd.

Market & Price

Market Cap

₹1.71 L Cr

Current Price

₹38,445.00

High / Low (52W)

₹38,445.00 / ₹16,214.00

Beta

0.51

Valuation

Stock P/E

172.41

Industry PE

27.78

Forward P/E

78.77

PEG Ratio

Book Value

₹1,028.23

Price to Book

37.39

P/S

21.03

EV/EBITDA

132.73

Dividend Yield

0.02%

Profitability & Returns

ROCE

24.92%

ROE

21.04%

ROA

6.97%

Profit Margin

12.12%

Op Margin

15.28%

EPS (Latest Qtr)

₹74.14

EPS (TTM)

₹222.98

Balance Sheet & Liquidity

Debt/Equity

1.66

Quick Ratio

0.99

Current Ratio

1.55

Debt

₹86.10 Cr

Total Assets

₹12,043.72 Cr

Current Assets

₹10,357.89 Cr

Working Capital

₹3,665.32 Cr

Ownership

Promoter Holding

71.55%

Chg in Prom Hold

FII / Inst Holding

10.24%

Chg in FII Hold

0.04%

Financial Snapshot

Enterprise Value

₹1.67 L Cr

Total Revenue (TTM)

₹8,147.71 Cr

EBITDA

₹1,256.35 Cr

Free Cash Flow

₹784.76 Cr

Operating Cash Flow

₹1,244.83 Cr

Shares Outstanding

₹4.46 Cr

Gross Margin

40.18%

Payout Ratio

2.71%

Growth (CAGR)

Revenue 5Y

22.24%

Profit 5Y

119.12%

Revenue (YoY)

46.20%

Earnings (YoY)

71.80%

PROS

Strong return on equity of 21.0%.
Healthy ROCE of 24.9%.
Compounding revenue at 22.2% over 5 years.
Profit CAGR of 119.1% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 172.4.
RSI at 76 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
6	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
7	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
8	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%
9	SIEMENS Siemens Limited NSEAIINFRA	3,844.00	81.30	₹1.37 L Cr	0.39%	16.46%	-	3.04%	10.90%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	1,507.63 Cr	1,582.68 Cr	1,840.45 Cr	1,429.35 Cr	2,021.31 Cr	2,707.35 Cr
Cost of Revenue	959.15 Cr	989.80 Cr	1,183.02 Cr	822.33 Cr	1,259.74 Cr	1,738.09 Cr
Gross Profit	548.48 Cr	592.88 Cr	657.43 Cr	607.02 Cr	761.57 Cr	969.26 Cr
Operating Expenses	437.72 Cr	448.96 Cr	442.94 Cr	467.77 Cr	442.82 Cr	548.33 Cr
Operating Income	110.76 Cr	143.92 Cr	214.49 Cr	139.25 Cr	318.75 Cr	420.93 Cr
EBITDA	109.83 Cr	219.02 Cr	276.14 Cr	205.84 Cr	376.87 Cr	473.65 Cr
Interest Expense	16.39 Cr	11.97 Cr	5.99 Cr	3.95 Cr	2.53 Cr	3.44 Cr
Pretax Income	70.61 Cr	184.06 Cr	246.67 Cr	176.88 Cr	347.78 Cr	443.35 Cr
Tax Provision	18.32 Cr	46.68 Cr	62.78 Cr	45.28 Cr	86.36 Cr	112.89 Cr
Net Income	52.29 Cr	137.38 Cr	183.89 Cr	131.60 Cr	261.42 Cr	330.46 Cr
Diluted EPS	12.34	32.41	43.15	29.53	58.65	74.14

Profit & Loss (Annual)

Figures in INR.

Metric	Dec 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	4,334.50 Cr	5,096.04 Cr	6,224.09 Cr	7,918.24 Cr
Cost of Revenue	-	3,108.36 Cr	3,700.76 Cr	3,965.69 Cr	4,874.17 Cr
Gross Profit	-	1,226.14 Cr	1,395.28 Cr	2,258.40 Cr	3,044.07 Cr
Operating Expenses	-	1,014.21 Cr	1,120.31 Cr	1,753.94 Cr	1,891.97 Cr
Operating Income	-	211.93 Cr	274.97 Cr	504.46 Cr	1,152.10 Cr
EBITDA	-	251.07 Cr	358.26 Cr	652.98 Cr	1,437.95 Cr
Interest Expense	-	40.09 Cr	46.55 Cr	45.24 Cr	12.78 Cr
Pretax Income	-	130.82 Cr	221.70 Cr	516.39 Cr	1,320.92 Cr
Tax Provision	-	36.92 Cr	57.92 Cr	132.41 Cr	333.08 Cr
Net Income	-	93.90 Cr	163.78 Cr	383.98 Cr	987.84 Cr
Diluted EPS	-	22.16	38.64	90.36	221.63

Compounded Sales Growth

5 Years:	22.24%
1 Year:	46.20%

Compounded Profit Growth

5 Years:	119.12%
1 Year:	71.80%

Stock Price Performance

1 Year:	+102.84%
6 Months:	+78.47%
3 Months:	+58.58%
1 Month:	+16.91%

Balance Sheet (Annual)

Figures in INR.

Metric	Dec 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	3,918.51 Cr	4,707.37 Cr	8,613.32 Cr	12,043.72 Cr
Current Assets	-	3,071.86 Cr	3,828.75 Cr	7,580.98 Cr	10,357.89 Cr
Cash & Equivalents	-	163.19 Cr	128.04 Cr	3,762.02 Cr	4,689.17 Cr
Inventory	-	817.90 Cr	887.94 Cr	925.71 Cr	1,485.04 Cr
Receivables	-	1,527.77 Cr	1,521.71 Cr	2,109.58 Cr	1,913.26 Cr
Total Liabilities	-	2,703.20 Cr	3,347.50 Cr	4,399.21 Cr	6,867.76 Cr
Current Liabilities	-	2,654.38 Cr	3,291.15 Cr	4,318.63 Cr	6,692.57 Cr
Long Term Debt	-	-	-	-	-
Total Debt	-	334.31 Cr	213.68 Cr	88.45 Cr	86.10 Cr
Total Equity	-	1,215.31 Cr	1,359.87 Cr	4,214.11 Cr	5,175.96 Cr
Shares Outstanding	-	4.24 Cr	4.24 Cr	4.46 Cr	4.46 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Dec 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	5.37 Cr	252.31 Cr	1,493.77 Cr	1,244.83 Cr
Investing Cash Flow	-	-11.77 Cr	-88.72 Cr	-109.99 Cr	-271.36 Cr
Financing Cash Flow	-	83.69 Cr	-198.74 Cr	2,294.73 Cr	-90.85 Cr
Capital Expenditure	-	-12.01 Cr	-89.36 Cr	-129.09 Cr	-509.83 Cr
Free Cash Flow	-	-6.64 Cr	162.95 Cr	1,364.68 Cr	735.00 Cr
Net Change in Cash	-	77.29 Cr	-35.15 Cr	3,678.51 Cr	882.62 Cr

Ratios (Annual)

Figures in %.

Metric	Dec 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	28.3%	27.4%	36.3%	38.4%
Operating Margin %	-	4.9%	5.4%	8.1%	14.5%
Net Margin %	-	2.2%	3.2%	6.2%	12.5%
ROE %	-	7.7%	12.0%	9.1%	19.1%
ROCE %	-	16.8%	19.4%	11.7%	21.5%

Shareholding Pattern

Insiders

71.55%

Institutions

10.24%

Public Float

35.99%

Analyst View

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POWERINDIA · Industrials