Share Price and Basic Stock Data
Last Updated: January 10, 2026, 8:55 am
| PEG Ratio | 4.02 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Hitachi Energy India Ltd operates in the electric equipment sector, specializing in switchgear and circuit breakers. As of the latest market data, the company’s share price stood at ₹18,847, with a market capitalization of ₹84,087 Cr. Over the past year, Hitachi Energy recorded varied quarterly sales figures, starting from ₹1,115 Cr in September 2022 and reaching ₹1,228 Cr by September 2023. The revenue growth trajectory appears promising, with sales projected to hit ₹1,884 Cr in March 2025, reflecting a robust demand for its products. However, quarterly fluctuations were evident, with the highest sales recorded at ₹1,695 Cr in March 2024, followed by a decline to ₹1,327 Cr in June 2024. The company’s total sales for the trailing twelve months (TTM) stood at ₹6,815 Cr, indicating a healthy growth compared to the ₹4,469 Cr reported in March 2023. This demonstrates a strategic positioning in the market, capitalizing on the increasing demand for energy-efficient products.
Profitability and Efficiency Metrics
Hitachi Energy India Ltd’s profitability metrics reveal a mixed performance, with an operating profit margin (OPM) of 16% and a net profit of ₹717 Cr. The company reported a P/E ratio of 117, which is notably high compared to industry averages, suggesting that investors may be pricing in future growth potential. The operating profit for the TTM rose to ₹859 Cr, up from ₹250 Cr in March 2023, reflecting a significant improvement in operational efficiency. Additionally, return on equity (ROE) stood at 13.8%, while return on capital employed (ROCE) was reported at 19.4%, indicating effective use of capital in generating profits. However, the cash conversion cycle (CCC) at 10 days indicates a relatively efficient working capital management, despite some fluctuations in debtor and inventory days. Overall, while profitability metrics are encouraging, the high P/E ratio may indicate a risk if growth expectations are not met in the future.
Balance Sheet Strength and Financial Ratios
The balance sheet of Hitachi Energy India Ltd reflects a solid financial position, with total assets amounting to ₹9,762 Cr and reserves at ₹4,574 Cr. The company’s borrowings were minimal, recorded at ₹84 Cr, which suggests a low leverage position and a strong capacity to meet its financial obligations. The debt-to-equity ratio remains favorable, enhancing financial stability. Additionally, the company’s interest coverage ratio (ICR) was not available, but the low interest expenses of ₹54 Cr indicate manageable debt servicing costs. The company’s working capital days showed a negative figure at -31 in March 2025, suggesting that it is effectively turning its current liabilities into cash more quickly than it is financing its current assets. Overall, these factors point to a strong balance sheet, with adequate reserves to support future growth opportunities.
Shareholding Pattern and Investor Confidence
Hitachi Energy’s shareholding pattern indicates a stable ownership structure, with promoters holding 71.31% of the company, which is a substantial controlling interest. Foreign institutional investors (FIIs) have increased their stake to 9.67%, up from 4.90% in December 2022, reflecting growing investor confidence in the company’s prospects. Domestic institutional investors (DIIs) also hold 7.92% of the shares, showing a moderate level of institutional interest. The number of shareholders has risen to 99,147, indicating an expanding retail investor base. This diverse ownership structure is beneficial for corporate governance and can potentially enhance the company’s strategic decision-making processes. However, the high promoter holding may also raise concerns about minority shareholder influence and governance practices, which need to be monitored closely.
Outlook, Risks, and Final Insight
Looking ahead, Hitachi Energy India Ltd appears well-positioned to capitalize on the growing demand for energy-efficient solutions within the electric equipment sector. With a strong balance sheet and improving profitability metrics, the company has the potential to maintain its growth trajectory. However, risks such as fluctuating quarterly sales and a high P/E ratio could pose challenges if future growth does not materialize as anticipated. Moreover, external factors such as regulatory changes and market competition may impact performance. The company should focus on sustaining operational efficiency and managing its cost structure effectively to navigate these challenges. If it successfully addresses these risks while leveraging its strengths, Hitachi Energy could solidify its market position and continue delivering value to shareholders.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Hitachi Energy India Ltd | 79,700 Cr. | 17,881 | 22,840/8,738 | 111 | 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 | 79,700.00 Cr | 8,945.55 | 111.00 | 525.10 | 0.02% | 11.74% | 13.80% | 6.00 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,115 | 1,034 | 1,334 | 1,040 | 1,228 | 1,274 | 1,695 | 1,327 | 1,554 | 1,620 | 1,884 | 1,479 | 1,833 |
| Expenses | 1,039 | 994 | 1,239 | 1,006 | 1,163 | 1,206 | 1,513 | 1,279 | 1,444 | 1,453 | 1,646 | 1,324 | 1,534 |
| Operating Profit | 76 | 39 | 95 | 34 | 65 | 68 | 182 | 48 | 110 | 167 | 238 | 155 | 299 |
| OPM % | 7% | 4% | 7% | 3% | 5% | 5% | 11% | 4% | 7% | 10% | 13% | 10% | 16% |
| Other Income | 0 | 7 | 2 | 3 | 0 | 2 | 4 | 0 | 0 | 52 | 38 | 51 | 83 |
| Interest | 7 | 13 | 11 | 11 | 11 | 14 | 11 | 11 | 16 | 12 | 6 | 4 | 3 |
| Depreciation | 18 | 20 | 21 | 22 | 22 | 23 | 23 | 22 | 23 | 23 | 23 | 25 | 26 |
| Profit before tax | 50 | 13 | 65 | 3 | 32 | 34 | 152 | 15 | 71 | 184 | 247 | 177 | 353 |
| Tax % | 26% | 66% | 22% | 29% | 24% | 32% | 25% | 31% | 26% | 25% | 25% | 26% | 25% |
| Net Profit | 37 | 5 | 51 | 2 | 25 | 23 | 114 | 10 | 52 | 137 | 184 | 132 | 264 |
| EPS in Rs | 8.77 | 1.08 | 11.99 | 0.57 | 5.84 | 5.42 | 26.82 | 2.46 | 12.34 | 32.41 | 41.26 | 29.52 | 59.31 |
Last Updated: January 6, 2026, 11:44 pm
Below is a detailed analysis of the quarterly data for Hitachi Energy India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 1,833.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,479.00 Cr. (Jun 2025) to 1,833.00 Cr., marking an increase of 354.00 Cr..
- For Expenses, as of Sep 2025, the value is 1,534.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,324.00 Cr. (Jun 2025) to 1,534.00 Cr., marking an increase of 210.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 299.00 Cr.. The value appears strong and on an upward trend. It has increased from 155.00 Cr. (Jun 2025) to 299.00 Cr., marking an increase of 144.00 Cr..
- For OPM %, as of Sep 2025, the value is 16.00%. The value appears strong and on an upward trend. It has increased from 10.00% (Jun 2025) to 16.00%, marking an increase of 6.00%.
- For Other Income, as of Sep 2025, the value is 83.00 Cr.. The value appears strong and on an upward trend. It has increased from 51.00 Cr. (Jun 2025) to 83.00 Cr., marking an increase of 32.00 Cr..
- For Interest, as of Sep 2025, the value is 3.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.00 Cr. (Jun 2025) to 3.00 Cr., marking a decrease of 1.00 Cr..
- For Depreciation, as of Sep 2025, the value is 26.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 25.00 Cr. (Jun 2025) to 26.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 353.00 Cr.. The value appears strong and on an upward trend. It has increased from 177.00 Cr. (Jun 2025) to 353.00 Cr., marking an increase of 176.00 Cr..
- For Tax %, as of Sep 2025, the value is 25.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Jun 2025) to 25.00%, marking a decrease of 1.00%.
- For Net Profit, as of Sep 2025, the value is 264.00 Cr.. The value appears strong and on an upward trend. It has increased from 132.00 Cr. (Jun 2025) to 264.00 Cr., marking an increase of 132.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 59.31. The value appears strong and on an upward trend. It has increased from 29.52 (Jun 2025) to 59.31, marking an increase of 29.79.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 3:33 am
| 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 | 6,815 |
| Expenses | 2,899 | 3,152 | 3,526 | 4,560 | 4,218 | 4,878 | 5,780 | 5,957 |
| Operating Profit | 337 | 269 | 244 | 323 | 250 | 359 | 605 | 859 |
| OPM % | 10% | 8% | 6% | 7% | 6% | 7% | 9% | 13% |
| Other Income | -41 | -18 | 74 | 101 | 15 | 9 | 57 | 224 |
| Interest | 28 | 38 | 32 | 53 | 54 | 57 | 54 | 25 |
| Depreciation | 48 | 77 | 81 | 95 | 80 | 90 | 91 | 97 |
| Profit before tax | 221 | 136 | 206 | 277 | 131 | 222 | 516 | 961 |
| Tax % | 25% | 27% | 26% | 26% | 28% | 26% | 26% | |
| Net Profit | 165 | 100 | 152 | 203 | 94 | 164 | 384 | 717 |
| EPS in Rs | 39.02 | 23.55 | 35.80 | 47.99 | 22.16 | 38.64 | 86.15 | 162.50 |
| 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.
Balance Sheet
Last Updated: December 4, 2025, 3:03 am
| Month | 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 |
| Borrowings | 348 | 39 | 190 | 334 | 214 | 88 | 84 |
| Other Liabilities | 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 |
| Fixed Assets | 579 | 656 | 653 | 713 | 695 | 717 | 697 |
| CWIP | 57 | 32 | 118 | 49 | 63 | 90 | 117 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 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 |
Below is a detailed analysis of the balance sheet data for Hitachi Energy India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 9.00 Cr..
- For Reserves, as of Sep 2025, the value is 4,574.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,205.00 Cr. (Mar 2025) to 4,574.00 Cr., marking an increase of 369.00 Cr..
- For Borrowings, as of Sep 2025, the value is 84.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 88.00 Cr. (Mar 2025) to 84.00 Cr., marking a decrease of 4.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 5,095.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,311.00 Cr. (Mar 2025) to 5,095.00 Cr., marking an increase of 784.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 9,762.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8,613.00 Cr. (Mar 2025) to 9,762.00 Cr., marking an increase of 1,149.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 697.00 Cr.. The value appears to be declining and may need further review. It has decreased from 717.00 Cr. (Mar 2025) to 697.00 Cr., marking a decrease of 20.00 Cr..
- For CWIP, as of Sep 2025, the value is 117.00 Cr.. The value appears strong and on an upward trend. It has increased from 90.00 Cr. (Mar 2025) to 117.00 Cr., marking an increase of 27.00 Cr..
- For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Other Assets, as of Sep 2025, the value is 8,949.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,807.00 Cr. (Mar 2025) to 8,949.00 Cr., marking an increase of 1,142.00 Cr..
- For Total Assets, as of Sep 2025, the value is 9,762.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,613.00 Cr. (Mar 2025) to 9,762.00 Cr., marking an increase of 1,149.00 Cr..
Notably, the Reserves (4,574.00 Cr.) exceed the Borrowings (84.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022n n 15m | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Free Cash Flow | -11.00 | 230.00 | 244.00 | 323.00 | -84.00 | 145.00 | 517.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
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 |
|---|---|---|---|---|---|---|
| Axis Midcap Fund | 239,343 | 1.64 | 527.89 | 194,317 | 2025-12-15 04:54:41 | 23.17% |
| Nippon India Multi Cap Fund | 215,599 | 0.95 | 475.53 | 376,243 | 2025-11-03 16:50:38 | -42.7% |
| Nippon India Small Cap Fund | 140,509 | 0.45 | 309.91 | 158,948 | 2025-11-03 16:50:38 | -11.6% |
| HSBC Midcap Fund | 115,300 | 2.03 | 254.31 | 227,000 | 2025-11-03 16:50:38 | -49.21% |
| Invesco India Focused Fund | 110,009 | 5.05 | 242.64 | 108,972 | 2025-12-15 04:54:41 | 0.95% |
| Axis ELSS Tax Saver Fund | 63,361 | 0.4 | 139.75 | 45,810 | 2025-12-15 04:54:41 | 38.31% |
| ICICI Prudential MidCap Fund | 46,246 | 1.45 | 102 | N/A | N/A | N/A |
| Baroda BNP Paribas Large Cap Fund | 44,100 | 3.5 | 97.27 | 45,000 | 2025-12-15 04:54:41 | -2% |
| 360 One Focused Fund | 39,575 | 1.19 | 87.29 | N/A | N/A | N/A |
| Axis Large & Mid Cap Fund | 38,352 | 0.54 | 84.59 | N/A | N/A | N/A |
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
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Electric Equipment - Switchgear/Circuit Breaker | 8th Floor, Brigade Opus, Bengaluru Karnataka 560092 | Contact not found |
| 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 |
FAQ
What is the intrinsic value of Hitachi Energy India Ltd?
Hitachi Energy India Ltd's intrinsic value (as of 10 January 2026) is ₹12601.30 which is 29.53% lower the current market price of ₹17,881.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹79,700 Cr. market cap, FY2025-2026 high/low of ₹22,840/8,738, reserves of ₹4,574 Cr, and liabilities of ₹9,762 Cr.
What is the Market Cap of Hitachi Energy India Ltd?
The Market Cap of Hitachi Energy India Ltd is 79,700 Cr..
What is the current Stock Price of Hitachi Energy India Ltd as on 10 January 2026?
The current stock price of Hitachi Energy India Ltd as on 10 January 2026 is ₹17,881.
What is the High / Low of Hitachi Energy India Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Hitachi Energy India Ltd stocks is ₹22,840/8,738.
What is the Stock P/E of Hitachi Energy India Ltd?
The Stock P/E of Hitachi Energy India Ltd is 111.
What is the Book Value of Hitachi Energy India Ltd?
The Book Value of Hitachi Energy India Ltd is 1,028.
What is the Dividend Yield of Hitachi Energy India Ltd?
The Dividend Yield of Hitachi Energy India Ltd is 0.03 %.
What is the ROCE of Hitachi Energy India Ltd?
The ROCE of Hitachi Energy India Ltd is 19.4 %.
What is the ROE of Hitachi Energy India Ltd?
The ROE of Hitachi Energy India Ltd is 13.8 %.
What is the Face Value of Hitachi Energy India Ltd?
The Face Value of Hitachi Energy India Ltd is 2.00.