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]
- Market Cap ₹ 51,854 Cr.
- Current Price ₹ 12,225
- High / Low ₹ 14,390 / 3,896
- Stock P/E 302
- Book Value ₹ 321
- Dividend Yield 0.03 %
- ROCE 17.8 %
- ROE 12.7 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 38.1 times its book value
- Company has a low return on equity of 12.5% over last 3 years.
- Dividend payout has been low at 10.6% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|
3,236 | 3,420 | 3,771 | 4,884 | 4,469 | 5,237 | 5,525 | |
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% |
-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% | |
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% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 15% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 11% |
TTM: | 81% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 88% |
1 Year: | 166% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 13% |
Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 8 | 8 | |
Reserves | 831 | 924 | 1,124 | 1,207 | 1,351 | |
348 | 39 | 190 | 334 | 214 | ||
2,253 | 2,532 | 2,201 | 2,369 | 3,134 | ||
Total Liabilities | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 | |
579 | 656 | 653 | 713 | 695 | ||
CWIP | 57 | 32 | 118 | 49 | 63 | |
Investments | 0 | 0 | 0 | 0 | 0 | |
2,804 | 2,815 | 2,753 | 3,157 | 3,950 | ||
Total Assets | 3,441 | 3,503 | 3,524 | 3,919 | 4,707 |
Cash Flows
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
-73 | 610 | -127 | -127 | 5 | 252 | |
-73 | -89 | -167 | -167 | -12 | -89 | |
333 | -390 | 61 | 61 | 84 | -199 | |
Net Cash Flow | 188 | 131 | -233 | -233 | 77 | -35 |
Ratios
Figures in Rs. Crores
Dec 2019 | Dec 2020 | Dec 2021 | 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% |
Documents
Announcements
- Proceedings Of The 5Th Annual General Meeting Of The Company Held On August 21, 2024 1d
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Announcement under Regulation 30 (LODR)-Meeting Updates
1d - Chairman''s Speech at the 5th Annual General Meeting of the Company
- Shareholder Meeting / Postal Ballot-Outcome of AGM 1d
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1d
- Additional Information Regarding Material Related Party Transactions Proposed At The 5Th Annual General Meeting Notice Of The Company Dated May 21, 2024 14 Aug
Annual reports
Concalls
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Jul 2022Transcript PPT
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Jun 2022Transcript PPT
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Mar 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021TranscriptPPT
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Jul 2021Transcript PPT
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May 2021TranscriptPPT
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May 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Mar 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Sep 2020TranscriptPPT
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Sep 2020Transcript PPT
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May 2020Transcript PPT
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Apr 2020Transcript PPT
Part of Hitachi Group, Japan
On Dec 22, Hitachi Ltd acquired full ownership of the company by purchasing a 19.9% stake. Hitachi, a global leader in electronics, industrial machinery, and infrastructure since 1910, has 573 subsidiaries and around 270,000 employees. The company now uses the Hitachi brand for external communication and benefits from Hitachi's extensive resources and expertise. [1] [2] [3]