Share Price and Basic Stock Data
Last Updated: January 31, 2026, 10:38 pm
| PEG Ratio | 4.24 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Hitachi Energy India Ltd operates within the electric equipment sector, specifically focusing on switchgear and circuit breakers. The company’s share price stood at ₹18,200, with a market capitalization of ₹81,122 Cr. Over the last several quarters, Hitachi Energy has demonstrated fluctuating revenue trends. Sales reported for September 2022 were ₹1,115 Cr, which saw a peak of ₹1,695 Cr in March 2024 before settling at ₹1,228 Cr in September 2023. The trailing twelve months (TTM) sales reached ₹6,815 Cr, indicating a healthy growth trajectory from ₹4,469 Cr recorded in March 2023. The company’s ability to achieve consistent sales growth, particularly in the face of fluctuating quarterly performance, reflects its resilience in a competitive market environment.
Profitability and Efficiency Metrics
Hitachi Energy’s profitability metrics reveal an operating profit margin (OPM) of 16%, reflecting efficiency in managing operational costs. The net profit for the year ending March 2025 was reported at ₹384 Cr, up from ₹94 Cr in March 2023, showcasing significant improvement. The company achieved an OPM of 9% for the fiscal year 2025, compared to a lower 6% in March 2023, indicating enhanced operational efficiency. Return on equity (ROE) stood at 13.8%, while return on capital employed (ROCE) was reported at 19.4%, both of which are robust compared to industry standards. Notably, the cash conversion cycle (CCC) is recorded at 10 days, which is commendable, suggesting effective management of working capital.
Balance Sheet Strength and Financial Ratios
Hitachi Energy’s balance sheet exhibits significant strength, with total reserves amounting to ₹4,574 Cr and minimal borrowings of ₹84 Cr, indicating a solid capital structure. The total assets reported were ₹9,762 Cr, with fixed assets standing at ₹697 Cr, reflecting prudent investments in operational capacity. The company’s financial ratios further highlight its stability; the interest coverage ratio (ICR) is not disclosed, but the low level of debt suggests manageable financial obligations. The price-to-earnings (P/E) ratio of 113 indicates a premium valuation, potentially reflecting investor confidence in future growth. However, the absence of a price-to-book value (P/BV) ratio limits comparative analysis with peers in the sector.
Shareholding Pattern and Investor Confidence
Hitachi Energy’s shareholding structure is characterized by a strong promoter holding of 71.31%, which signals substantial management commitment. The foreign institutional investors (FIIs) have increased their stake to 10.69%, while domestic institutional investors (DIIs) hold 7.17%. The public shareholding accounts for 10.81%, with a total of 97,771 shareholders. This distribution suggests a balanced investor confidence, with growing interest from FIIs, which typically indicates positive market sentiment. However, the decline in promoter shareholding from 75% earlier in the year may raise concerns regarding control and governance. The significant increase in the number of shareholders from 64,144 in March 2023 to 97,771 in December 2025 indicates rising retail investor interest.
Outlook, Risks, and Final Insight
The outlook for Hitachi Energy appears promising, given its strong revenue growth and profitability trends. However, challenges such as increasing competition in the electric equipment sector and potential supply chain disruptions pose risks to sustained performance. The company’s ability to innovate and adapt to market demands will be crucial for maintaining its competitive edge. Additionally, the high P/E ratio may suggest that the stock is overvalued, which could lead to volatility if earnings do not meet investor expectations. Overall, while the company is well-positioned for growth, continuous monitoring of its financial health and market dynamics will be essential for stakeholders.
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 | 84,072 Cr. | 18,862 | 22,840/10,300 | 117 | 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 | 84,072.00 Cr | 9,434.15 | 117.00 | 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 31 January 2026) is ₹16951.91 which is 10.13% lower the current market price of ₹18,862.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹84,072 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 84,072 Cr..
What is the current Stock Price of Hitachi Energy India Ltd as on 31 January 2026?
The current stock price of Hitachi Energy India Ltd as on 31 January 2026 is ₹18,862.
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 117.
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.