Hitachi Energy India Ltd
Hitachi Energy India Ltd (formerly known as ABB Power Products and Systems India Ltd.) was created in 2019 as a Joint Venture between Hitachi and ABB's Power Grids. The company serves utility and industry customers, with a complete range of engineering, products, solutions, and services in areas of Power technology. [1][2]
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
Weaknesses
- −Stock is trading at 31.4 times its book value
- −Company has a low return on equity of 12.2% over last 3 years.
- −Promoter holding has decreased over last 3 years: -3.69%
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 75% | 75% | 75% | 71.31%▼3.7 | 71.31% | 71.31% | 71.31% | 71.31% |
| FIIs | 5.02% | 5.1%▲0.1 | 4.52%▼0.6 | 4.96%▲0.4 | 7.19%▲2.2 | 9.67%▲2.5 | 10.69%▲1.0 | 11.68%▲1.0 |
| DIIs | 8.53% | 8.98%▲0.5 | 9.2%▲0.2 | 12.34%▲3.1 | 10.27%▼2.1 | 7.92%▼2.3 | 7.17%▼0.8 | 6.95%▼0.2 |
| Public | 11.44% | 10.9%▼0.5 | 11.26%▲0.4 | 11.39%▲0.1 | 11.2%▼0.2 | 11.09%▼0.1 | 10.81%▼0.3 | 10.07%▼0.7 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,228 | 1,274 | 1,695 | 1,327 | 1,554 | 1,620 | 1,884 | 1,479 | 1,833 | 2,082 |
| Expenses | 1,163 | 1,206 | 1,513 | 1,279 | 1,444 | 1,453 | 1,646 | 1,324 | 1,534 | 1,737 |
| Operating Profit | 65 | 68 | 182 | 48 | 110 | 167 | 238 | 155 | 299 | 345 |
| OPM % | 5% | 5% | 11% | 4% | 7% | 10% | 13% | 10% | 16% | 17% |
| Net Profit | 25 | 23 | 114 | 10 | 52 | 137 | 184 | 132 | 264 | 261 |
| EPS ₹ | 5.84 | 5.42 | 26.82 | 2.46 | 12.34 | 32.41 | 41.26 | 29.52 | 59.31 | 58.65 |
AI Insights
TTM revenue at ₹7,277Cr, up 14% YoY. OPM at 14%.
Borrowings at ₹84Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.
CWIP at ₹117Cr (17% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 6.95% (-1.13pp change). FIIs: 11.68% (+7.16pp change). Promoters hold 71.31%.
ROCE improving from 0% (Dec 2019) to 19% (Mar 2025). Working capital days: -31.
PE 166x with 19.4% ROCE. Price is 3093% above book value of ₹1,028. Dividend yield: 0.02%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d - Board meets May 25, 2026 to approve Q4/FY26 results and consider dividend; analyst call May 26.
- Board Meeting Intimation for To Consider And Approve The Audited Financial Results Of The Company For The Fourth Quarter And Audited Accounts For The Financial Year Ended March 31, 2026 And Consider Recommendation Of Dividend, If Any, For The Financial Year Ended March 31, 2026. 2d - Board meets May 25, 2026 for Q4/FY26 results, audited accounts and dividend consideration; analyst call May 26.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 May
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 13 May - Crisil report for Q4 FY26 QIP shows Rs 469.66 crore utilized, Rs 2,006.63 crore unutilized.
- Regulation 32(3) - Statement Of Deviation Or Variation For The Quarter Ended March 31, 2026 13 May - QIP proceeds of Rs. 2,476.29 crore show no deviation for quarter ended March 31, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse