Share Price and Basic Stock Data
Last Updated: February 9, 2026, 10:31 pm
| PEG Ratio | 4.09 |
|---|
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, specifically focusing on switchgear and circuit breakers. The company’s stock price currently stands at ₹18,978, with a market capitalization of ₹84,589 Cr. In terms of revenue, Hitachi Energy reported sales of ₹4,469 Cr for the fiscal year ending March 2023, which rose to ₹5,237 Cr for the fiscal year ending March 2024, and is projected to reach ₹6,385 Cr for March 2025. Quarterly sales exhibited volatility, with a peak of ₹1,695 Cr recorded in March 2024, following a dip to ₹1,040 Cr in June 2023. The overall trend indicates a recovery and growth trajectory, with trailing twelve-month sales reported at ₹6,815 Cr, highlighting the company’s ability to navigate market challenges effectively. This robust revenue growth reflects increasing demand in the electric equipment sector, driven by infrastructure development and a shift toward renewable energy solutions.
Profitability and Efficiency Metrics
Hitachi Energy India Ltd reported a net profit of ₹717 Cr, translating to a net profit margin of approximately 10.5%. The operating profit margin (OPM) stood at 16%, indicating a healthy operational efficiency relative to industry standards. An analysis of quarterly performance reveals a significant improvement in OPM, rising from 3% in June 2023 to 16% by September 2025. The company’s return on equity (ROE) is recorded at 13.8%, while its return on capital employed (ROCE) is at 19.4%, both metrics suggesting effective utilization of capital. The cash conversion cycle (CCC) is reported at 10 days, indicating efficient working capital management. However, the company’s high price-to-earnings (P/E) ratio of 118 compared to industry norms indicates potential overvaluation, which could pose a risk if earnings growth does not keep pace with market expectations. These profitability metrics suggest a strong operational foundation but also highlight the importance of maintaining growth momentum.
Balance Sheet Strength and Financial Ratios
The balance sheet of Hitachi Energy India Ltd reflects a solid financial position, with total assets reported at ₹9,762 Cr and total liabilities at ₹9,762 Cr, resulting in a debt-to-equity ratio that remains manageable given the low borrowings of ₹84 Cr. The company’s reserves have significantly increased, standing at ₹4,574 Cr, a substantial rise from ₹1,207 Cr in March 2023. This increase in reserves provides a buffer for future investments and operational flexibility. The company’s interest coverage ratio (ICR) remains unreported, but the low borrowing levels suggest minimal risk in terms of debt servicing. Additionally, the company’s efficiency ratios, including a cash conversion cycle of just 10 days, indicate strong operational performance. However, the absence of reported price-to-book value (P/BV) raises concerns about valuation transparency, requiring potential investors to exercise caution.
Shareholding Pattern and Investor Confidence
Hitachi Energy’s shareholding pattern reveals a strong promoter presence of 71.31%, indicative of management confidence and stability. The foreign institutional investors (FIIs) hold 10.69%, while domestic institutional investors (DIIs) account for 7.17%, reflecting a balanced ownership structure that can attract diverse investment. The public shareholding stands at 10.81%, with the total number of shareholders reported at 97,771, indicating a growing retail investor base. Over recent quarters, FIIs’ stake has increased from 4.81% in March 2023 to 10.69% in September 2025, demonstrating rising confidence among foreign investors. Conversely, DII holdings have seen a slight decline from 12.34% in March 2025 to 7.17% by September 2025. This fluctuation may raise questions regarding institutional sentiment towards the stock. Overall, the shareholding pattern suggests a robust backing by promoters, which can be a positive signal for potential investors.
Outlook, Risks, and Final Insight
Looking forward, Hitachi Energy India Ltd appears well-positioned to leverage growth opportunities within the electric equipment sector, particularly as demand for renewable energy solutions and smart grid technologies rises. Strengths include a solid financial foundation with low debt levels and increasing reserves, alongside improving profitability metrics. However, the company faces risks related to its high P/E ratio, which may suggest overvaluation if earnings growth slows. Additionally, fluctuations in institutional investor sentiment could impact stock performance. In scenarios where operational efficiencies continue to improve and market conditions remain favorable, the company could see sustained growth. Conversely, any adverse economic conditions or increased competition might hinder its performance. Overall, while the fundamentals remain strong, market dynamics will be crucial in shaping Hitachi Energy’s future trajectory.
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 | 1,00,031 Cr. | 22,511 | 22,840/10,300 | 113 | 1,028 | 0.03 % | 19.4 % | 13.8 % | 2.00 |
| Shri Ram Switchgears Ltd | Cr. | 6.30 | / | 22.2 | 0.00 % | 4.07 % | % | 10.0 | |
| Industry Average | 100,031.00 Cr | 11,258.65 | 113.00 | 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 | 1.38 | 438.24 | 194,317 | 2025-12-15 04:54:41 | 23.17% |
| Nippon India Multi Cap Fund | 215,599 | 0.78 | 394.76 | 376,243 | 2025-11-03 16:50:38 | -42.7% |
| Nippon India Small Cap Fund | 140,509 | 0.38 | 257.27 | 158,948 | 2025-11-03 16:50:38 | -11.6% |
| HSBC Midcap Fund | 115,300 | 1.7 | 211.11 | 227,000 | 2025-11-03 16:50:38 | -49.21% |
| Invesco India Focused Fund | 110,009 | 4.1 | 201.43 | 108,972 | 2025-12-15 04:54:41 | 0.95% |
| Axis ELSS Tax Saver Fund | 58,038 | 0.31 | 106.27 | 63,361 | 2026-01-26 04:48:58 | -8.4% |
| ICICI Prudential MidCap Fund | 46,246 | 1.19 | 84.68 | N/A | N/A | N/A |
| Baroda BNP Paribas Large Cap Fund | 43,200 | 2.93 | 79.1 | 44,100 | 2026-01-25 14:24:48 | -2.04% |
| 360 One Focused Fund | 39,575 | 1 | 72.46 | N/A | N/A | N/A |
| Baroda BNP Paribas Balanced Advantage Fund | 37,000 | 1.43 | 67.75 | 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 February 2026) is ₹16372.36 which is 27.27% lower the current market price of ₹22,511.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,00,031 Cr. market cap, FY2025-2026 high/low of ₹22,840/10,300, 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 1,00,031 Cr..
What is the current Stock Price of Hitachi Energy India Ltd as on 10 February 2026?
The current stock price of Hitachi Energy India Ltd as on 10 February 2026 is ₹22,511.
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 ₹22,840/10,300.
What is the Stock P/E of Hitachi Energy India Ltd?
The Stock P/E of Hitachi Energy India Ltd is 113.
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.