Hitachi Energy India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 5:20 pm

Market Cap	49,677 Cr.
Current Price	11,724
High / Low	16,550/4,545
Stock P/E	249
Book Value	331
Dividend Yield	0.03 %
ROCE	17.8 %
ROE	12.7 %
Face Value	2.00
PEG Ratio	98.89

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Hitachi Energy India Ltd

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	49,677 Cr.	11,724	16,550/4,545	249	331	0.03 %	17.8 %	12.7 %	2.00
Shri Ram Switchgears Ltd	10.1 Cr.	10.1	/		22.2	0.00 %	4.07 %	%	10.0
Industry Average	49,677.00 Cr	5,867.05		249.00	176.60	0.02%	10.94%	12.70%	6.00

All Competitor Stocks of Hitachi Energy India Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	849	1,123	1,113	986	1,115	1,034	1,334	1,040	1,228	1,274	1,695	1,327	1,554
Expenses	775	1,061	1,047	960	1,039	994	1,239	1,006	1,163	1,206	1,513	1,279	1,444
Operating Profit	73	62	66	26	76	39	95	34	65	68	182	48	110
OPM %	9%	6%	6%	3%	7%	4%	7%	3%	5%	5%	11%	4%	7%
Other Income	2	51	29	5	0	7	2	3	0	2	4	0	0
Interest	9	7	10	8	7	13	11	11	11	14	11	11	16
Depreciation	19	22	15	21	18	20	21	22	22	23	23	22	23
Profit before tax	47	83	71	2	50	13	65	3	32	34	152	15	71
Tax %	27%	26%	27%	36%	26%	66%	22%	29%	24%	32%	25%	31%	26%
Net Profit	34	62	52	1	37	5	51	2	25	23	114	10	52
EPS in Rs	8.10	14.55	12.19	0.32	8.77	1.08	11.99	0.57	5.84	5.42	26.82	2.46	12.34

Last Updated: November 6, 2024, 6:32 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Dec 2019	Dec 2020	Dec 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	3,236	3,420	3,771	4,884	4,469	5,237	5,525
Expenses	2,899	3,152	3,526	4,560	4,218	4,878	5,161
Operating Profit	337	269	244	323	250	359	363
OPM %	10%	8%	6%	7%	6%	7%	7%
Other Income	-41	-18	74	101	15	9	6
Interest	28	38	32	53	54	57	46
Depreciation	48	77	81	95	80	90	90
Profit before tax	221	136	206	277	131	222	233
Tax %	25%	27%	26%	26%	28%	26%
Net Profit	165	100	152	203	94	164	172
EPS in Rs	39.02	23.55	35.80	47.99	22.16	38.64	40.54
Dividend Payout %	0%	8%	0%	6%	15%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2022-2023	2023-2024
YoY Net Profit Growth (%)	-53.69%	74.47%
Change in YoY Net Profit Growth (%)	0.00%	128.16%

Hitachi Energy India Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 2 years from 2022-2023 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	15%
TTM:	26%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	11%
TTM:	142%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	67%
1 Year:	154%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	13%
Last Year:	13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:32 pm

Month	Dec 2019	Dec 2020	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	8	8	8	8	8	8
Reserves	831	924	1,124	1,207	1,351	1,394
Borrowings	348	39	190	334	214	347
Other Liabilities	2,253	2,532	2,201	2,369	3,134	3,201
Total Liabilities	3,441	3,503	3,524	3,919	4,707	4,951
Fixed Assets	579	656	653	713	695	690
CWIP	57	32	118	49	63	71
Investments	0	0	0	0	0	0
Other Assets	2,804	2,815	2,753	3,157	3,950	4,190
Total Assets	3,441	3,503	3,524	3,919	4,707	4,951

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2019	Dec 2020	Dec 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-73	610	-127	-127	5	252
Cash from Investing Activity +	-73	-89	-167	-167	-12	-89
Cash from Financing Activity +	333	-390	61	61	84	-199
Net Cash Flow	188	131	-233	-233	77	-35

Free Cash Flow

Month	Dec 2019	Dec 2020	Dec 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-11.00	230.00	244.00	133.00	-84.00	145.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Dec 2019	Dec 2020	Mar 2022	Mar 2023	Mar 2024
Debtor Days	201	168	106	125	106
Inventory Days	102	103	93	110	101
Days Payable	286	327	213	204	205
Cash Conversion Cycle	18	-57	-14	31	2
Working Capital Days	39	-9	30	44	40
ROCE %		19%	26%	13%	18%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
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%
FIIs	4.96%	4.71%	5.10%	4.95%	4.90%	4.81%	4.52%	4.32%	4.06%	3.48%	5.02%	5.10%
DIIs	1.59%	1.50%	1.52%	7.12%	7.55%	7.88%	8.08%	8.02%	8.49%	9.70%	8.53%	8.98%
Public	18.45%	18.79%	18.38%	12.91%	12.55%	12.31%	12.38%	12.63%	12.44%	11.81%	11.44%	10.90%
No. of Shareholders	60,813	69,646	68,726	69,244	69,764	64,144	62,844	61,793	61,563	62,489	72,536	73,288

Shareholding Pattern Chart

No. of Shareholders

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	283,489	1.04	412.34	178,050	2024-11-18	59.22%
Nippon India Small Cap Fund	178,050	0.42	258.98	178,050	2024-11-18	0%
HSBC Midcap Fund	194,041	1.95	234.69	178,050	2024-11-18	8.98%
Aditya Birla Sun Life Small Cap Fund	158,482	4.24	230.52	178,050	2024-11-18	-10.99%
Franklin India Smaller Companies Fund	90,597	0.91	131.78	178,050	2024-11-18	-49.12%
Aditya Birla Sun Life Multi-Cap Fund	83,385	1.85	121.29	178,050	2024-11-18	-53.17%
Canara Robeco Small Cap Fund	67,522	0.78	98.21	178,050	2024-11-18	-62.08%
Axis India Manufacturing Fund	64,534	1.44	93.87	178,050	2024-11-18	-63.76%
SBI ESG Exclusionary Strategy Fund	75,000	1.5	90.71	178,050	2024-11-18	-57.88%
ICICI Prudential Technology Fund	73,333	0.62	88.7	178,050	2024-11-18	-58.81%

ROCE / ROE Trend

EPS Trend

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.

Fair Value

Fair Value of Hitachi Energy India Ltd as of November 20, 2024 is: 10,470.35

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 20, 2024, Hitachi Energy India Ltd is Overvalued by 10.69% compared to the current share price 11,724.00

Intrinsic Value of Hitachi Energy India Ltd as of November 20, 2024 is: 10,733.99

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 20, 2024, Hitachi Energy India Ltd is Overvalued by 8.44% compared to the current share price 11,724.00

Last 5 Year EPS CAGR: 2.52%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Financial or basic stock data is empty.

About the Company - Qualitative Analysis

Hitachi Energy India Ltd. is a Public Limited Listed company incorporated on 19/02/2019 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L31904KA2019PLC121597 and registration number is 121597. Currently Company is involved in the business activities of Manufacture of electricity distribution and control apparatus (electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.). Company’s Total Operating Revenue is Rs. 4883.96 Cr. and Equity Capital is Rs. 8.48 Cr. for the Year ended 31/03/2022.

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

FAQ

What is the latest intrinsic value of Hitachi Energy India Ltd?

The latest intrinsic value of Hitachi Energy India Ltd as on 19 November 2024 is ₹10470.35, which is 10.69% lower than the current market price of ₹11,724.00.

What is the Market Cap of Hitachi Energy India Ltd?

The Market Cap of Hitachi Energy India Ltd is 49,677 Cr..

What is the current Stock Price of Hitachi Energy India Ltd as on 19 November 2024?

The current stock price of Hitachi Energy India Ltd as on 19 November 2024 is ₹11,724.

What is the High / Low of Hitachi Energy India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Hitachi Energy India Ltd stocks is 16,550/4,545.

What is the Stock P/E of Hitachi Energy India Ltd?

The Stock P/E of Hitachi Energy India Ltd is 249.

What is the Book Value of Hitachi Energy India Ltd?

The Book Value of Hitachi Energy India Ltd is 331.

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 17.8 %.

What is the ROE of Hitachi Energy India Ltd?

The ROE of Hitachi Energy India Ltd is 12.7 %.

What is the Face Value of Hitachi Energy India Ltd?

The Face Value of Hitachi Energy India Ltd is 2.00.