Share Price and Basic Stock Data
Last Updated: November 13, 2025, 12:01 am
| PEG Ratio | 7.13 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Hitachi Energy India Ltd operates within the electric equipment sector, specifically focusing on switchgear and circuit breakers. As of the latest financial metrics, the company’s market capitalization stood at ₹75,583 Cr, with a current stock price of ₹16,956. Revenue trends indicate a robust upward trajectory, with reported sales for the trailing twelve months (TTM) reaching ₹6,537 Cr, compared to ₹4,469 Cr in the previous fiscal year ending March 2023. Quarterly sales figures highlight this growth, with revenue rising from ₹1,115 Cr in September 2022 to ₹1,695 Cr by March 2024. This consistent increase suggests a strong demand for Hitachi’s products, potentially fueled by the growing focus on infrastructure development and renewable energy solutions in India. Additionally, the company’s operating profit margin (OPM) was recorded at 10%, reflecting its ability to manage costs effectively while capitalizing on revenue growth. Such performance is indicative of a well-positioned company in a competitive sector.
Profitability and Efficiency Metrics
Hitachi Energy India Ltd has demonstrated commendable profitability metrics. The net profit for the fiscal year ending March 2025 was reported at ₹384 Cr, showing a significant increase from ₹94 Cr in the previous fiscal year. The earnings per share (EPS) also rose markedly, standing at ₹86.15 for the same period, compared to ₹22.16 the year prior. The company’s return on equity (ROE) was recorded at 13.8%, while the return on capital employed (ROCE) stood at 19.4%, indicating efficient utilization of equity and capital for generating profits. However, the operating profit margin demonstrated variability, ranging from 3% to 13% over the same period. The cash conversion cycle (CCC) has improved to 10 days, suggesting enhanced operational efficiency in managing receivables and payables. Despite fluctuations, these figures generally reflect a healthy profitability profile, although potential investors should monitor the consistency of operating margins.
Balance Sheet Strength and Financial Ratios
The balance sheet of Hitachi Energy India Ltd indicates strong financial health, characterized by total assets amounting to ₹8,613 Cr as of March 2025. The company’s reserves have significantly increased to ₹4,205 Cr, a substantial rise from ₹1,207 Cr in March 2023, highlighting robust retained earnings and capital reserves. Furthermore, with borrowings at a mere ₹88 Cr, the company maintains a low debt profile, which enhances its financial stability. The equity capital remained stable at ₹9 Cr, suggesting prudent capital management. However, the absence of a price-to-book value (P/BV) ratio and interest coverage ratio (ICR) does limit a comprehensive assessment of its valuation metrics. The company’s cash conversion cycle of 10 days, coupled with efficient operational metrics, underscores its capacity to maintain liquidity and operational efficiency in a competitive landscape.
Shareholding Pattern and Investor Confidence
Investor confidence in Hitachi Energy India Ltd is reflected in its shareholding structure. As of March 2025, promoters held a significant 71.31% stake in the company, indicating a strong commitment from the founding entities. Foreign institutional investors (FIIs) have increased their holdings to 9.67%, up from 4.90% in December 2022, suggesting growing confidence among international investors. Domestic institutional investors (DIIs) have also shown increased participation, with their stake rising to 7.92%. The overall number of shareholders has expanded to 99,147, indicating increased retail interest. However, the public shareholding has slightly declined to 11.09% over the same period. This changing landscape in shareholding may suggest a need for the company to engage more actively with its retail investors to maintain a balanced investor base and ensure sustained market interest.
Outlook, Risks, and Final Insight
Looking ahead, Hitachi Energy India Ltd is well-positioned to capitalize on the expanding electric equipment market, driven by government initiatives and increased investment in infrastructure. However, the company faces potential risks, including fluctuations in raw material prices and competitive pressures from both domestic and international players. The variability in operating profit margins could also pose challenges in sustaining profitability. Strengths such as a solid financial position, low debt levels, and an increasing trend in reserves provide a cushion against market volatility. Furthermore, the growing participation from FIIs and DIIs reflects a positive sentiment towards the company’s future. Ultimately, maintaining operational efficiency and addressing market challenges will be crucial for Hitachi Energy to leverage its strengths and mitigate risks effectively.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Hitachi Energy India Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Hitachi Energy India Ltd | 98,176 Cr. | 22,018 | 22,151/8,738 | 137 | 1,028 | 0.03 % | 19.4 % | 13.8 % | 2.00 |
| Shri Ram Switchgears Ltd | Cr. | 10.1 | / | 22.2 | 0.00 % | 4.07 % | % | 10.0 | |
| Industry Average | 98,176.00 Cr | 11,014.05 | 137.00 | 525.10 | 0.02% | 11.74% | 13.80% | 6.00 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 986 | 1,115 | 1,034 | 1,334 | 1,040 | 1,228 | 1,274 | 1,695 | 1,327 | 1,554 | 1,620 | 1,884 | 1,479 |
| Expenses | 960 | 1,039 | 994 | 1,239 | 1,006 | 1,163 | 1,206 | 1,513 | 1,279 | 1,444 | 1,453 | 1,646 | 1,324 |
| Operating Profit | 26 | 76 | 39 | 95 | 34 | 65 | 68 | 182 | 48 | 110 | 167 | 238 | 155 |
| OPM % | 3% | 7% | 4% | 7% | 3% | 5% | 5% | 11% | 4% | 7% | 10% | 13% | 10% |
| Other Income | 5 | 0 | 7 | 2 | 3 | 0 | 2 | 4 | 0 | 0 | 52 | 38 | 51 |
| Interest | 8 | 7 | 13 | 11 | 11 | 11 | 14 | 11 | 11 | 16 | 12 | 6 | 4 |
| Depreciation | 21 | 18 | 20 | 21 | 22 | 22 | 23 | 23 | 22 | 23 | 23 | 23 | 25 |
| Profit before tax | 2 | 50 | 13 | 65 | 3 | 32 | 34 | 152 | 15 | 71 | 184 | 247 | 177 |
| Tax % | 36% | 26% | 66% | 22% | 29% | 24% | 32% | 25% | 31% | 26% | 25% | 25% | 26% |
| Net Profit | 1 | 37 | 5 | 51 | 2 | 25 | 23 | 114 | 10 | 52 | 137 | 184 | 132 |
| EPS in Rs | 0.32 | 8.77 | 1.08 | 11.99 | 0.57 | 5.84 | 5.42 | 26.82 | 2.46 | 12.34 | 32.41 | 41.26 | 29.52 |
Last Updated: August 19, 2025, 1:45 pm
Below is a detailed analysis of the quarterly data for Hitachi Energy India Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 1,479.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,884.00 Cr. (Mar 2025) to 1,479.00 Cr., marking a decrease of 405.00 Cr..
- For Expenses, as of Jun 2025, the value is 1,324.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,646.00 Cr. (Mar 2025) to 1,324.00 Cr., marking a decrease of 322.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 155.00 Cr.. The value appears to be declining and may need further review. It has decreased from 238.00 Cr. (Mar 2025) to 155.00 Cr., marking a decrease of 83.00 Cr..
- For OPM %, as of Jun 2025, the value is 10.00%. The value appears to be declining and may need further review. It has decreased from 13.00% (Mar 2025) to 10.00%, marking a decrease of 3.00%.
- For Other Income, as of Jun 2025, the value is 51.00 Cr.. The value appears strong and on an upward trend. It has increased from 38.00 Cr. (Mar 2025) to 51.00 Cr., marking an increase of 13.00 Cr..
- For Interest, as of Jun 2025, the value is 4.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 6.00 Cr. (Mar 2025) to 4.00 Cr., marking a decrease of 2.00 Cr..
- For Depreciation, as of Jun 2025, the value is 25.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 23.00 Cr. (Mar 2025) to 25.00 Cr., marking an increase of 2.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 177.00 Cr.. The value appears to be declining and may need further review. It has decreased from 247.00 Cr. (Mar 2025) to 177.00 Cr., marking a decrease of 70.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Mar 2025) to 26.00%, marking an increase of 1.00%.
- For Net Profit, as of Jun 2025, the value is 132.00 Cr.. The value appears to be declining and may need further review. It has decreased from 184.00 Cr. (Mar 2025) to 132.00 Cr., marking a decrease of 52.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 29.52. The value appears to be declining and may need further review. It has decreased from 41.26 (Mar 2025) to 29.52, marking a decrease of 11.74.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: August 23, 2025, 12:56 pm
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022n n 15m | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,236 | 3,420 | 3,771 | 4,884 | 4,469 | 5,237 | 6,385 | 6,537 |
| Expenses | 2,899 | 3,152 | 3,526 | 4,560 | 4,218 | 4,878 | 5,780 | 5,867 |
| Operating Profit | 337 | 269 | 244 | 323 | 250 | 359 | 605 | 670 |
| OPM % | 10% | 8% | 6% | 7% | 6% | 7% | 9% | 10% |
| Other Income | -41 | -18 | 74 | 101 | 15 | 9 | 57 | 141 |
| Interest | 28 | 38 | 32 | 53 | 54 | 57 | 54 | 38 |
| Depreciation | 48 | 77 | 81 | 95 | 80 | 90 | 91 | 94 |
| Profit before tax | 221 | 136 | 206 | 277 | 131 | 222 | 516 | 678 |
| Tax % | 25% | 27% | 26% | 26% | 28% | 26% | 26% | |
| Net Profit | 165 | 100 | 152 | 203 | 94 | 164 | 384 | 505 |
| EPS in Rs | 39.02 | 23.55 | 35.80 | 47.99 | 22.16 | 38.64 | 86.15 | 115.53 |
| Dividend Payout % | 0% | 8% | 0% | 6% | 15% | 10% | 7% |
YoY Net Profit Growth
| Year | 2023-2024 | 2024-2025 |
|---|---|---|
| YoY Net Profit Growth (%) | 74.47% | 134.15% |
| Change in YoY Net Profit Growth (%) | 0.00% | 59.68% |
Hitachi Energy India Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 2 years from 2023-2024 to 2024-2025.
No data available for the compounded sales growth chart.
No data available for the Balance Sheet data table.
Cash Flow - No data available for this post.
Financial Efficiency Indicators
| Month | 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% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Nippon India Multi Cap Fund | 376,243 | 1.36 | 546.64 | 283,489 | 2025-05-14 00:05:10 | 32.72% |
| Motilal Oswal Midcap Fund | 350,000 | 1.83 | 508.52 | N/A | N/A | N/A |
| SBI Energy Opportunities Fund | 280,199 | 3.95 | 407.1 | N/A | N/A | N/A |
| HSBC Midcap Fund | 227,000 | 3.08 | 329.81 | 194,041 | 2025-05-13 11:08:01 | 16.99% |
| Axis Midcap Fund | 201,753 | 1.02 | 293.13 | N/A | N/A | N/A |
| Nippon India Small Cap Fund | 158,948 | 0.4 | 230.94 | 178,050 | 2025-05-14 05:19:17 | -10.73% |
| Invesco India Focused Fund | 146,529 | 5.76 | 212.89 | N/A | N/A | N/A |
| Canara Robeco Small Cap Fund | 113,196 | 1.43 | 164.46 | 67,522 | 2025-05-09 09:32:34 | 67.64% |
| 360 ONE Focused Equity Fund | 89,220 | 1.86 | 129.63 | 78,845 | 2025-06-22 00:45:52 | 13.16% |
| Invesco India Smallcap Fund | 76,511 | 1.79 | 111.16 | 75,688 | 2025-06-22 00:45:52 | 1.09% |
No data available for the key financial ratios table.
No data available for the profitability ratios chart.
No data available for the liquidity ratios chart.
No data available for the liquidity ratios percentage chart.
No data available for the coverage ratios chart.
No data available for the valuation ratios chart.
Strength and Weakness
Unable to fetch valid data for stock valuation.About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Electric Equipment - Switchgear/Circuit Breaker | 8th Floor, Brigade Opus, Bengaluru Karnataka 560092 | investors@hitachienergy.com http://www.hitachienergy.com/in/en |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Achim Michael Braun | Chairman |
| Mr. Nuguri Venu | Managing Director & CEO |
| Mr. Ismo Antero Haka | Director |
| Ms. Meena Ganesh | Independent Director |
| Ms. Akila Krishnakumar | Independent Director |
| Mr. Mukesh Hari Butani | Independent Director |