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Hitachi Energy India Ltd

POWERINDIA NSE

Key Fundamentals

LargecapElectrical EquipmentCapital Goods
Market Cap
1.4L Cr
Volatility
Moderate
P/E Ratio
126.31
EBITDA
₹1,492 Cr
Return on Equity
19.09%
Debt to Equity
0.02
Book Value
₹1,161.25
EPS
₹40.53
52W High
₹38,785
52W Low
₹16,111

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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43 extracted metrics + investor summaries across FY17–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • 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

Weaknesses

2
  • Stock is trading at 28.1 times its book value
  • Promoter holding has decreased over last 3 years: -3.69%

Growth Rate

Revenue Growth
30.20% ↗
Net Income Growth
157.24% ↗
Cash Flow Change
-16.67% ↘
ROE
109.55% ↗
ROCE
90.52% ↗
EBITDA Margin (Avg.)
75.44% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 15h ago
AI opinion · based on fundamentals
Risk high

Hitachi Energy India is a capital goods company riding India's energy transition wave, with FY26 revenue of ₹8,148 crore (+27.6% YoY), PAT of ₹988 crore (+157% YoY), and a record order backlog of ₹32,222 crore as of Q1 FY27. The stock trades at a PE of 144.5x and 28.1x book value, reflecting substantial growth expectations already priced in.

Bull Case 8
  • FY26 PAT surged 157% YoY to ₹988 crore, demonstrating strong earnings momentum and operating leverage
  • Record order backlog of ₹32,222 crore (as of Q1 FY27) provides multi-year revenue visibility at roughly 4x FY26 revenue
  • FY26 revenue grew 27.6% YoY to ₹8,148 crore, with Q1 FY27 revenue accelerating to 68% YoY growth
  • Company is virtually debt-free, providing financial flexibility to invest in capacity expansion without leveraging the balance sheet
  • Operational EBITDA margin expanded to 15.4% in FY26, with Q1 FY27 PAT margin at 11.8% vs 8.9% in the prior year, showing improving profitability
  • FY25 orders surged 228% YoY to ₹18,174 crore, driven by HVDC and grid modernization demand linked to India's energy transition
  • 5-year profit CAGR of 54% and 3-year compounded profit growth of 122% indicate a structural earnings inflection, not a one-off
  • ROE improved to 22% in the last year from a 5-year average of 17%, signalling better capital efficiency as the business scales
Bear Case 8
  • PE ratio of 144.5x leaves virtually no margin of safety; any execution miss or order slowdown could trigger sharp de-rating
  • Stock trades at 28.1x price-to-book value, among the highest in the Indian capital goods sector, implying extreme optimism
  • Dividend yield of just 0.03% means shareholders are entirely dependent on capital appreciation with negligible income return
  • Promoter holding has declined by 3.69% over the last 3 years, which may signal reduced parent commitment or dilution concerns
  • Stock has appreciated 57% in 1 year and 96% CAGR over 3 years; mean reversion risk is elevated at these levels
  • Q1 FY27 orders of ₹5,097 crore declined YoY when adjusted for prior-period HVDC comparables, indicating potential lumpiness in order flow
  • TTM sales growth of 40% will need to sustain at elevated levels to justify the current valuation; any normalization compresses multiples
  • Capital goods sector is inherently cyclical; India's capex cycle could slow if fiscal spending is curtailed or interest rates stay elevated

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 4
  • Q1 profit surges 123.5% Aug 7

    Net profit jumped 123.5% to ₹294.2 crore in Q1FY27 with revenue rising 68.6% to ₹2,493.7 crore. EBITDA margins expanded to 16.0% with record order inflows of ₹5,096.5 crore and backlog of ₹32,222.1 crore.

  • ₹2,000 crore transformer factory launched Aug 7

    New transformer factory in Karjan with ₹2,000 crore investment launched, targeting December 2028 completion. Key wins include a 2 GW European wind project and India's first major BESS order.

  • ₹8 dividend and ESPP approval Jul 31

    Board declared ₹8 per share final dividend for FY26 and seeks shareholder approval for a global employee stock purchase plan at AGM on August 28, 2026.

  • Strong ESG progress filed Jul 31

    BRSR for FY 2025-26 disclosed 74% reduction in Scope 1 and 2 GHG emissions, 100% renewable electricity usage, and ₹8,147.71 crore turnover.

Neutral 2
  • Nippon MF analyst meet scheduled Aug 5

    Virtual one-on-one meeting with Nippon Mutual Fund on August 10, 2026. Company confirmed no unpublished price-sensitive information will be shared.

  • Q1 FY27 results call scheduled Jul 27

    Board meeting and investor conference call was scheduled for August 7, 2026 to discuss Q1 FY27 results, featuring key management personnel.

TL;DR: Hitachi Energy India is firing on all cylinders with record order inflows of ₹5,096.5 crore, a ₹32,222.1 crore backlog, and profit more than doubling year-on-year. Margin expansion to 16% and capacity investment via the ₹2,000 crore Karjan factory signal confidence in sustained demand. No visible headwinds in recent news flow. The trend is strongly improving, driven by India's power infrastructure buildout and global energy transition tailwinds.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,040
1,228
1,274
1,695
1,327
1,554
1,620
1,884
1,479
1,833
2,082
2,754
2,494
Expenses
1,006
1,163
1,206
1,513
1,279
1,444
1,453
1,646
1,324
1,534
1,737
2,338
2,130
Operating Profit
34
65
68
182
48
110
167
238
155
299
345
416
364
OPM %
3.2%
5%
5%
11%
3.6%
7%
10%
13%
10%
16%
17%
15%
15%
Other Income
3
0
2
4
0
0
52
38
51
83
32
57
58
Interest
11
11
14
11
11
16
12
6
4
3
3
3
3
Depreciation
22
22
23
23
22
23
23
23
25
26
27
27
28
PBT
3
32
34
152
15
71
184
247
177
353
348
443
390
Tax %
29%
24%
32%
25%
31%
26%
25%
25%
26%
25%
25%
25%
24%
Net Profit
2
25
23
114
10
52
137
184
132
264
261
330
294
EPS in Rs
0.57
5.84
5.42
26.82
2.46
12.34
32.41
41.26
29.52
59.31
58.65
74.14
65.99
Figures in ₹ Crores

Profit & Loss

  Dec 2019Dec 2020Dec 2021Mar 2022 15mMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,236
3,420
3,771
4,884
4,469
5,237
6,385
8,148
9,162
Expenses
2,899
3,152
3,526
4,560
4,218
4,878
5,780
6,879
7,738
Operating Profit
337
269
244
323
250
359
605
1,268
1,424
OPM %
10%
8%
6%
7%
6%
7%
9%
16%
16%
Other Income
-41
-18
74
101
15
9
57
185
229
Interest
28
38
32
53
54
57
54
28
12
Depreciation
48
77
81
95
80
90
91
104
108
PBT
221
136
206
277
131
222
516
1,321
1,534
Tax %
25%
27%
26%
26%
28%
26%
26%
25%
—
Net Profit
165
100
152
203
94
164
384
988
1,150
EPS in Rs
39.02
23.55
35.8
47.99
22.16
38.64
86.15
222
258
Div. Payout %
0%
8%
0%
6%
15%
10%
7%
4%
—
Figures in ₹ Crores

Balance Sheet

  Dec 2019Dec 2020Dec 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
8
8
—
8
8
8
9
9
Reserves
831
924
—
1,124
1,207
1,351
4,205
5,167
Borrowings
348
39
—
190
334
214
88
86
Other Liabilities
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
Fixed Assets
579
656
—
653
713
695
717
845
CWIP
57
32
—
118
49
63
90
192
Investments
0
0
—
0
0
0
0
0
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Dec 2019Dec 2020Dec 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-73
610
-127
-127
5
252
1,494
1,245
Investing
-73
-89
-167
-167
-12
-89
-110
-271
Financing
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
138
Figures in ₹ Crores

Ratios

  Dec 2019Dec 2020Dec 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
201
168
—
106
125
106
90
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
-20
-42
Working Capital Days
0
-10
—
19
21
29
-31
-46
ROCE %
—
19%
—
26%
13%
18%
19%
29%

Shareholding Pattern

As of Jun 2026
Promoters 71.31%
FIIs 12.44%
Public 8.25%
DIIs 6.33%
Others 1.67%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
71.31%
71.31%
71.31%
71.31%
71.31%
71.31%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.48%
5.02%
5.11%
4.51%
4.96%
7.20%
9.66%
10.69%
11.68%
12.44%
DIIs
1.61%
1.84%
1.93%
1.58%
1.49%
1.51%
6.54%
7.57%
7.90%
7.53%
7.50%
8.03%
9.75%
8.54%
9.00%
9.21%
12.34%
10.28%
7.93%
7.18%
6.95%
6.33%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
10.64%
10.81%
11.19%
11.19%
11.59%
11.37%
10.71%
10.34%
10.09%
10.03%
10.20%
10.01%
9.63%
9.38%
9.00%
9.15%
9.35%
9.10%
9.09%
8.78%
8.25%
8.25%
Others
12.75%
12.34%
11.88%
12.23%
11.92%
12.11%
7.75%
7.09%
7.01%
7.44%
7.30%
6.96%
2.14%
2.06%
1.89%
2.13%
2.04%
2.11%
2.00%
2.04%
1.81%
1.67%
No. of Shareholders
53,701
20,384
60,270
60,813
69,646
68,726
69,244
69,764
64,144
62,844
61,793
61,563
62,489
72,536
73,288
82,384
89,925
92,331
99,147
97,771
90,555
1,02,826

Documents

Frequently Asked Questions about Hitachi Energy India Ltd

What does Hitachi Energy India Ltd do?
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 ...
Where is Hitachi Energy India Ltd (POWERINDIA) listed?
Hitachi Energy India Ltd is listed on the Indian stock exchanges. It is listed on NSE: POWERINDIA and BSE: 543187. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Hitachi Energy India Ltd belong to?
Hitachi Energy India Ltd operates in the Capital Goods sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Hitachi Energy India Ltd?
Hitachi Energy India Ltd has a market capitalisation of approximately ₹144057.88 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Hitachi Energy India Ltd?
The Price-to-Earnings (PE) ratio of Hitachi Energy India Ltd is 126.31. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Hitachi Energy India Ltd?
Over the past 52 weeks, Hitachi Energy India Ltd has traded between a low of ₹16,111 and a high of ₹38,785. This range helps investors understand the stock's price volatility and recent trading levels.
Does Hitachi Energy India Ltd pay dividends?
Yes, Hitachi Energy India Ltd has a dividend yield of 0.03%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Hitachi Energy India Ltd?
Hitachi Energy India Ltd has a Return on Equity (ROE) of 19.09%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Hitachi Energy India Ltd on Tapetide?
On Tapetide, you can view Hitachi Energy India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website new.abb.com/grid/appsil
CEO Mr. Nuguri Venu
Employees 2,481
Listed 2020-03-30
Face Value ₹ 2
Issued Size 4,45,72,363

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