Hitachi Energy India Ltd

Hitachi Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hitachi Energy India Ltd

₹ 11,412 -2.71%
21 Nov - close price
new.abb.com/grid/appsil BSE: 543187 NSE: POWERINDIA
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 48,365 Cr.
  • Current Price ₹ 11,412
  • High / Low ₹ 16,550 / 4,637
  • Stock P/E 243
  • Book Value ₹ 331
  • Dividend Yield 0.04 %
  • ROCE 17.8 %
  • ROE 12.7 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 34.5 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

Part of BSE 400 MidSmallCap Index Nifty 500 Multicap 50:25:25 BSE Allcap BSE Industrials BSE SmallCap Select Index

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
849 1,123 1,113 986 1,115 1,034 1,334 1,040 1,228 1,274 1,695 1,327 1,554
775 1,061 1,047 960 1,039 994 1,239 1,006 1,163 1,206 1,513 1,279 1,444
Operating Profit 73 62 66 26 76 39 95 34 65 68 182 48 110
OPM % 9% 6% 6% 3% 7% 4% 7% 3% 5% 5% 11% 4% 7%
2 51 29 5 0 7 2 3 0 2 4 0 0
Interest 9 7 10 8 7 13 11 11 11 14 11 11 16
Depreciation 19 22 15 21 18 20 21 22 22 23 23 22 23
Profit before tax 47 83 71 2 50 13 65 3 32 34 152 15 71
Tax % 27% 26% 27% 36% 26% 66% 22% 29% 24% 32% 25% 31% 26%
34 62 52 1 37 5 51 2 25 23 114 10 52
EPS in Rs 8.10 14.55 12.19 0.32 8.77 1.08 11.99 0.57 5.84 5.42 26.82 2.46 12.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2019 Dec 2020 Dec 2021 Mar 2022 15m Mar 2023 Mar 2024 TTM
3,236 3,420 3,771 4,884 4,469 5,237 5,850
2,899 3,152 3,526 4,560 4,218 4,878 5,443
Operating Profit 337 269 244 323 250 359 408
OPM % 10% 8% 6% 7% 6% 7% 7%
-41 -18 74 101 15 9 6
Interest 28 38 32 53 54 57 52
Depreciation 48 77 81 95 80 90 90
Profit before tax 221 136 206 277 131 222 272
Tax % 25% 27% 26% 26% 28% 26%
165 100 152 203 94 164 199
EPS in Rs 39.02 23.55 35.80 47.99 22.16 38.64 47.04
Dividend Payout % 0% 8% 0% 6% 15% 10%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 11%
TTM: 142%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 65%
1 Year: 143%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Dec 2019 Dec 2020 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 8 8 8 8
Reserves 831 924 1,124 1,207 1,351 1,394
348 39 190 334 214 347
2,253 2,532 2,201 2,369 3,134 3,201
Total Liabilities 3,441 3,503 3,524 3,919 4,707 4,951
579 656 653 713 695 690
CWIP 57 32 118 49 63 71
Investments 0 0 0 0 0 0
2,804 2,815 2,753 3,157 3,950 4,190
Total Assets 3,441 3,503 3,524 3,919 4,707 4,951

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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
4.96% 4.71% 5.10% 4.95% 4.90% 4.81% 4.52% 4.32% 4.06% 3.48% 5.02% 5.10%
1.59% 1.50% 1.52% 7.12% 7.55% 7.88% 8.08% 8.02% 8.49% 9.70% 8.53% 8.98%
18.45% 18.79% 18.38% 12.91% 12.55% 12.31% 12.38% 12.63% 12.44% 11.81% 11.44% 10.90%
No. of Shareholders 60,81369,64668,72669,24469,76464,14462,84461,79361,56362,48972,53673,288

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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