MarketFriction

Hitachi Energy India Ltd

NSE POWERINDIA · BSE 543187 · Heavy Electrical Equipment
₹31,290.00 +2.15%
NSE close2026-10-01
52 week range16,111.00 - 38,785.00
Market cap₹1,36,993 Cr.
P/E115
Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty EnergyNifty MNC No price band Delivery 36.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2281,2741,6951,3271,5541,6201,8841,4791,8332,0822,7542,494
Expenses1,1631,2061,5131,2791,4441,4531,6461,3241,5341,7372,3382,130
Operating Profit656818248110167238155299345416364
OPM %5%5%11%3.6%7%10%13%10%16%17%15%15%
Other Income0240052385183325758
Interest111411111612643333
Depreciation222323222323232526272728
Profit before tax32341521571184247177353348443390
Tax %24%32%25%31%26%25%25%26%25%25%25%24%
Net Profit25231141052137184132264261330294
EPS in Rs5.845.4226.822.4612.3432.4141.2629.5259.3158.6574.1465.99
Dec 2019Dec 2020Dec 2021Mar 2022 15mMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,2363,4203,7714,8844,4695,2376,3858,1489,162
Expenses2,8993,1523,5264,5604,2184,8785,7806,8797,738
Operating Profit3372692443232503596051,2681,424
OPM %10%8%6%7%6%7%9%16%16%
Other Income-41-187410115957185229
Interest283832535457542812
Depreciation48778195809091104108
Profit before tax2211362062771312225161,3211,534
Tax %25%27%26%26%28%26%26%25%
Net Profit165100152203941643849881,150
EPS in Rs39.0223.5535.8047.9922.1638.6486.15221.63258.09
Dividend Payout %0%8%0%6%15%10%7%4%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%19%22%40%
Compounded Profit Growth%54%122%136%
Stock Price CAGR%66%96%71%
Return on Equity%17%18%22%
Dec 2019Dec 2020Dec 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital8888899
Reserves8319241,1241,2071,3514,2055,167
Borrowings348391903342148886
Other Liabilities2,2532,5322,2012,3693,1344,3116,782
Total Liabilities3,4413,5033,5243,9194,7078,61312,044
Fixed Assets579656653713695717845
CWIP5732118496390192
Investments0000000
Other Assets2,8042,8152,7533,1573,9507,80711,006
Total Assets3,4413,5033,5243,9194,7078,61312,044
Dec 2019Dec 2020Dec 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-73610-127-12752521,4941,245
Cash from Investing Activity-73-89-167-167-12-89-110-271
Cash from Financing Activity333-390616184-1992,295-91
Net Cash Flow188131-233-23377-353,679883
Free Cash Flow-146519-294-294-71631,366735
CFO/OP0%244%-14%-10%29%84%273%138%
Dec 2019Dec 2020Dec 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2011681061251069086
Inventory Days1021039311010191119
Days Payable286327213204205202246
Cash Conversion Cycle18-57-14312-20-42
Working Capital Days0-10192129-31-46
ROCE %19%26%13%18%19%29%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%71.31%71.31%71.31%71.31%71.31%71.31%
FIIs4.32%4.06%3.48%5.02%5.10%4.52%4.96%7.19%9.67%10.69%11.68%12.44%
DIIs8.02%8.49%9.70%8.53%8.98%9.20%12.34%10.27%7.92%7.17%6.95%6.32%
Public12.63%12.44%11.81%11.44%10.90%11.26%11.39%11.20%11.09%10.81%10.07%9.91%
No. of Shareholders61,79361,56362,48972,53673,28882,38490,72492,33199,14797,77190,5551,02,826

Fundamentals

Market Cap₹ 1,36,993 Cr.
Current Price₹ 30,735
Stock P/E115
Book Value₹ 1,161
ROCE29.4 %
ROE21.9 %
Dividend Yield0.03 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)40%
Compounded Profit Growth (TTM)136%
Standalone figures.
Valuation
Market capRs 132,612 Cr
Enterprise valueRs 132,698 Cr
P/E (TTM)115.28x
Price to book97.52x
Price to sales14.47x
EV / EBITDA80.26x
EV / EBIT85.85x
EV / sales14.48x
Price to cash flow525.59x
Earnings yield0.87%
Dividend yield0.01%
P/E, 3-year average134.89x
P/B, 3-year average15.52x
P/E, 5-year average114.89x
P/B, 5-year average13.11x
Profitability
Operating margin (excl. other income)6.86%
Operating margin (incl. other income)7.03%
EBITDA margin18.04%
Pre-tax margin16.74%
Net profit margin12.56%
Net margin, latest quarter11.80%
ROE12.72%
ROCE17.82%
ROA3.80%
ROE, 3-year average12.89%
ROCE, 3-year average18.54%
ROA, 3-year average4.03%
ROE, 5-year average12.49%
ROCE, 5-year average17.93%
ROA, 5-year average3.74%
ROIC (approx.)79.00%
Tax rate26.13%
Other income / net worth0.66%
Growth
Sales growth (latest year)17.21%
Profit growth (latest year)74.42%
Sales CAGR, 3 years11.58%
Sales CAGR, 5 years10.11%
Profit CAGR, 3 years2.58%
Profit CAGR, 5 years-0.20%
Sales growth QoQ-9.45%
Profit growth QoQ-10.99%
Sales growth YoY (latest quarter)68.62%
Profit growth YoY (latest quarter)123.52%
Per share
EPS (TTM)Rs 271.44
EPS (latest year)Rs 38.64
EPS (latest quarter)Rs 69.41
EPS, 3-year averageRs 36.26
EPS, 5-year averageRs 33.09
Book value per shareRs 320.86
Sales per shareRs 2,161.90
Cash flow per shareRs 59.53
Free cash flow per shareRs 173.42
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 3.47
Dividend per share, 5-year averageRs 3.10
Dividends
Dividend payout10.36%
Dividend payout, 3-year average10.66%
Dividend payout, 5-year average10.12%
Efficiency
Asset turnover1.11x
Fixed asset turnover7.54x
Inventory turnover4.08x
Inventory days90 days
Debtor days106 days
Debtors turnover3.44x
Creditor days246 days
Cash conversion cycle-42 days
Working capital days-46 days
Leverage
Total debtRs 214 Cr
Cash and bankRs 128 Cr
Net debtRs 85 Cr
Debt to equity0.16x
Net debt / EBITDA0.05x
Interest coverage127.64x
Current ratio (filing 2026-03-31)1.55x
Quick ratio (filing 2026-03-31)1.33x
Trade payables (filing 2026-03-31)Rs 3,081 Cr
Owners' fund to total sources28.89%
Debt to assets4.54%
Cash flow
Cash from Operating Activity (latest year)Rs 252 Cr
Cash from Investing Activity (latest year)Rs -89 Cr
Cash from Financing Activity (latest year)Rs -199 Cr
Net Cash Flow (latest year)Rs -35 Cr
Free cash flow (latest year)Rs 735 Cr
FCFE (approx.: FCF + change in debt)Rs 614 Cr
Cash from ops / profit, 5 years1.61x
Sales to cash flow20.76x
Statement figures
Net sales (TTM)Rs 9,162 Cr
Net sales (latest year)Rs 5,237 Cr
Sales (latest quarter)Rs 2,494 Cr
Operating profit excl. other income (latest year)Rs 359 Cr
Operating profit (latest quarter)Rs 364 Cr
Other income (TTM)Rs 229 Cr
EBITDA (TTM)Rs 1,653 Cr
PBDT (TTM)Rs 1,641 Cr
Profit before tax (TTM)Rs 1,534 Cr
Tax (latest year)Rs 58 Cr
Net profit (TTM)Rs 1,150 Cr
Net profit (latest year)Rs 164 Cr
Net profit (latest quarter)Rs 294 Cr
Depreciation (TTM)Rs 108 Cr
Depreciation (latest quarter)Rs 28 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 3,620 Cr
Total expenditure (latest year)Rs 4,878 Cr
Total income (latest year)Rs 5,246 Cr
Share capitalRs 8 Cr
ReservesRs 1,351 Cr
Shareholders' fundsRs 1,360 Cr
Total assetsRs 4,707 Cr
Net blockRs 695 Cr
Capital work in progressRs 63 Cr
ReceivablesRs 1,522 Cr
InventoryRs 888 Cr
Other liabilitiesRs 3,134 Cr
Shares outstanding (crore)4.24
Ownership
Promoter holding71.31% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 115.3 is at the 14th percentile of its own 4.7-year range (median 147.1, low 80.7, high 303.1).
P/B 97.52 is at the 86th percentile (median 48.32).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPOWERINDIANifty 50Difference
1 week+1.9%-2.8% +4.7 pts
1 month-4.1%-6.8% +2.7 pts
3 months+0.8%-7.6% +8.4 pts
6 months+29.1%+0.4% +28.7 pts
1 year+62.9%-9.9% +72.9 pts
2 years+145.9%-13.6% +159.5 pts
3 years+663.1%+14.2% +649.0 pts
5 years+1175.5%+27.9% +1147.6 pts
222 mutual fund schemes hold about ₹5,443 Cr. Over three months 58 bought more and 142 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Arbitrage Fund(M0.55%418 +328%
HSBC Midcap Fund2.19%376 -14%
Nippon India Multi Cap Fund0.53%295 -24%
UTI Nifty200 Momentum 30 Index Fund3.01%254 -5%
ICICI Pru Mid Cap Fund1.86%156 -10%
Canara Rob Large and Mid Cap Fund0.59%155 +100%
DSP Midcap Fund0.73%154 -8%
HDFC Arbitrage Fund(M0.60%153 +108%
ICICI Pru Mid Cap Fund1.86%148 -10%
SBI Arbitrage Fund0.29%138 +119%
Invesco India Focused Fund2.04%131 -34%
Baroda BNP Paribas Large Cap Fund4.83%128 -9%
ICICI Pru Arbitrage Fund0.35%122 +6864%
HSBC Large & Mid Cap Fund2.02%120 -14%
Aditya Birla SL Arbitrage Fund0.38%103 +477%
Baroda BNP Paribas Balanced Advantage Fund1.53%82 -13%
Helios Flexi Cap Fund0.93%81 +0%
PGIM India Midcap Fund0.64%72 -33%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund3.62%66 -8%
ITI Multi Cap Fund4.00%62 -9%
Aditya Birla SL Midcap Fund0.87%61 -9%
WOC Mid Cap Fund0.80%59 -37%
Aditya Birla SL Midcap Fund0.87%59 -9%
Baroda BNP Paribas Multi Asset Fund3.99%58 -9%
Aditya Birla SL Small Cap Fund0.92%57 -19%

Red flags

F-score 7 of 8
explainWeak cash conversion Cash from operations was 28% of net profit over the last 3 years
lookRegulator order or action Regulator order or action 2026-01-24: Hitachi Energy India Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-02-05ABB Asea Brown Boveri LtdPromotersother31,786,256Off Market
2021-02-05ABB LtdPromoter Groupother31,786,256Off Market
2021-02-05ABB LtdPromotersother31,786,256Off Market
2021-02-05Hitachi ABB Power Grids AGPromotersother31,786,256Off Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹2,494 Cr +68.6% vs Jun 2025. Net profit ₹294 Cr +122.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-21Dividend - Rs 8 Per Share
2025-08-13Dividend - Rs 6 Per Share
2024-08-14Annual General Meeting/Dividend - Rs 4 Per Share
2023-08-10Annual General Meeting/Dividend - Rs 3.40 Per Share
2022-07-14Annual General Meeting/Dividend - Rs 3 Per Share
2021-05-19 Annual General Meeting/Dividend - Rs 2 Per Share
2020-08-05 Annual General Meeting
DateTypeWhat it says
2026-09-17Concall / analyst meetSchedule of meet
2026-09-16Investor PresentationInvestor Presentation
2026-09-11Shareholder meetingNotice of Postal Ballot
2026-09-10Concall / analyst meetSchedule of meet
2026-09-02General UpdatesPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 read with the SEBI Master Circular No. SEBI/H...
2026-08-28General UpdatesPursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), a Meeting of the Board of Direc...
2026-08-28Board meeting outcomeOutcome of Board Meeting held on August 28, 2026.
2026-08-28General UpdatesProceedings of the 7th Annual General Meeting of the Company held today i.e., on August 28, 2026
2026-08-28General UpdatesChairman Speech of the 7th Annual General Meeting of the Company held today i.e., on August 28, 2026
2026-08-28Shareholder meetingProceedings of Annual General Meeting held on August 28, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with...
2026-08-17Concall / analyst meetSchedule of meet
2026-08-14Concall / analyst meetTranscript
2026-08-11Investor PresentationInvestor Presentation
2026-08-07Concall / analyst meetLink of Recording
2026-08-07Concall / analyst meetSchedule of meet
2026-08-07Concall / analyst meetSchedule of meet
2026-08-07Monitoring Agency ReportRegulation 32(6) Report of Monitoring Agency on the use of proceeds raised through QualifiedInstitutional Placement ( QIP ) for the quarter ended Ju...
2026-08-07Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-07UpdatesPursuant to the provisions of Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, we wish to inform you that t...
2026-08-07Press ReleaseA press release dated August 07, 2026, titled "Hitachi Energy India Limited announces Q1FY27 results:Robust order inflows and strong order execution d...
2026-08-07Investor PresentationInvestor Presentation
2026-08-07Board meeting outcomeHitachi Energy India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-05Concall / analyst meetSchedule of meet
2026-07-31General UpdatesGeneral Updates that pursuant to the Regulation 36(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby info...
2026-07-31UpdatesBusiness Responsibility and Sustainability Report for the financial year 2025-26.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest1.01
Max pain (expiry 2026-10-27)31,000
Largest call open interest at32,000
Largest put open interest at31,000
Implied volatility, at the money32.4%
Underlying at snapshot31,290.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-29274
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Hitachi Energy India Ltd?

Hitachi Energy India Ltd (POWERINDIA) has a market capitalisation of Rs 1,36,993 Cr. at the 2026-10-01 close.

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

Hitachi Energy India Ltd trades at a P/E of 115 on trailing twelve-month profit, at the 2026-10-01 close.

What were Hitachi Energy India Ltd's latest quarterly results?

In the Jun 2026 quarter, Hitachi Energy India Ltd sales was Rs 2,494 Cr (+68.6% vs Jun 2025) and net profit was Rs 294 Cr.

What is the 52-week high and low of Hitachi Energy India Ltd?

The 52-week high is Rs 38,785.00 and the 52-week low is Rs 16,111.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03