Hitachi Energy India

₹8786 -172 | 1.9%

WEBSITE BSE:543187 NSE : POWERINDIA 10 May, 16:01

Market Cap ₹37236 Cr.

Stock P/E 369.1

P/B 29.8

Current Price ₹8786

Book Value ₹ 294.4

Face Value 2

52W High ₹9989.6

Dividend Yield 0.04%

52W Low ₹ 3726.1

Edit Ratio

Hitachi Energy India Research see more...

Overview Inc. Year: 2019Industry: Electric Equipment

Hitachi Energy India Ltd (formerly called ABB Power Products and Systems India Ltd.) incorporated in 2019 as a Joint Venture among Hitachi and ABB's Power Grids. The business enterprise serves software and industry clients, with a complete range of engineering, merchandise, solutions, and offerings in regions of Power technology. Hitachi Energy International is the world's leading company of grid connections and power excellent solutions, with an installed base of greater than 10,000 initiatives global, over 800 of which connect renewable energy resources for the grid and they maintain a 75% stake in Hitachi Energy India. The Company's Grid Integration portfolio has a wide variety of transmission and substation applications. Its grid integration unit has introduced more than 4,000 initiatives. It is a pacesetter in high-voltage technology, providing a wide variety of high-voltage merchandise up to 1,200-kilovolt (kV) for AC and 1100-kilovolt for DC. The Company also offers a entire variety of energy transformers, traction transformers, insulation and additives, digital sensors, and transformer offerings.

Hitachi Energy India Share Price

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Hitachi Energy India Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	849	1123	1113	986	1115	1034	1334	1040	1228	1274
Other Income	2	15	29	5	0	7	2	3	0	2
Total Income	851	1138	1142	991	1115	1041	1336	1043	1228	1276
Total Expenditure	775	1061	1047	960	1039	994	1239	1006	1163	1206
Operating Profit	75	77	95	31	76	47	97	37	66	70
Interest	9	7	10	8	7	13	11	11	11	14
Depreciation	19	22	15	21	18	20	21	22	23	23
Exceptional Income / Expenses	0	36	0	0	0	0	0	0	0	0
Profit Before Tax	47	83	71	2	50	13	65	3	32	34
Provision for Tax	13	22	19	1	13	9	14	1	8	11
Profit After Tax	34	62	52	1	37	5	51	2	25	23
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	34	62	52	1	37	5	51	2	25	23
Adjusted Earnings Per Share	8.1	14.5	12.2	0.3	8.8	1.1	12	0.6	5.8	5.4

Hitachi Energy India Profit & Loss

#(Fig in Cr.)	Dec 2019	Dec 2020	Mar 2022	Mar 2023	TTM
Net Sales	3236	3420	4884	4469	4876
Other Income	0	19	67	15	7
Total Income	3237	3439	4951	4484	4883
Total Expenditure	2899	3152	4562	4219	4614
Operating Profit	338	287	389	265	270
Interest	28	38	53	54	47
Depreciation	48	77	95	80	89
Exceptional Income / Expenses	-41	-36	36	0	0
Profit Before Tax	221	136	277	131	134
Provision for Tax	55	36	73	37	34
Profit After Tax	165	100	203	94	101
Adjustments	0	0	0	0	0
Profit After Adjustments	165	100	203	94	101
Adjusted Earnings Per Share	39	23.5	48	22.1	23.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-8%	11%	0%	0%
Operating Profit CAGR	-32%	-8%	0%	0%
PAT CAGR	-54%	-17%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	133%	72%	NA%	NA%
ROE Average	8%	13%	15%	15%
ROCE Average	13%	20%	20%	20%

Hitachi Energy India Balance Sheet

#(Fig in Cr.)	Dec 2019	Dec 2020	Mar 2022	Mar 2023
Shareholder's Funds	840	933	1132	1215
Minority's Interest	0	0	0	0
Borrowings	0	0	0	0
Other Non-Current Liabilities	5	6	21	17
Total Current Liabilities	2595	2543	2335	2654
Total Liabilities	3441	3481	3489	3887
Fixed Assets	579	656	653	713
Other Non-Current Assets	76	62	155	101
Total Current Assets	2785	2763	2681	3072
Total Assets	3441	3481	3489	3887

Hitachi Energy India Cash Flow

#(Fig in Cr.)	Dec 2019	Dec 2020	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	188	319	86
Cash Flow from Operating Activities	-73	610	-127	5
Cash Flow from Investing Activities	-73	-89	-167	-12
Cash Flow from Financing Activities	333	-390	61	84
Net Cash Inflow / Outflow	188	131	-233	77
Closing Cash & Cash Equivalent	188	319	86	163

Hitachi Energy India Ratios

#	Dec 2019	Dec 2020	Mar 2022	Mar 2023
Earnings Per Share (Rs)	39.01	23.54	47.97	22.15
CEPS(Rs)	50.42	41.74	70.49	41.05
DPS(Rs)	0	2	3	3.4
Book NAV/Share(Rs)	198.07	219.93	267.07	286.63
Core EBITDA Margin(%)	10.42	7.84	6.59	5.59
EBIT Margin(%)	7.68	5.08	6.74	4.14
Pre Tax Margin(%)	6.82	3.98	5.66	2.93
PAT Margin (%)	5.11	2.92	4.16	2.1
Cash Profit Margin (%)	6.61	5.17	6.12	3.9
ROA(%)	4.81	2.88	5.84	2.55
ROE(%)	19.69	11.26	19.7	8
ROCE(%)	20.92	16.4	30.08	13.46
Receivable days	201.09	179.1	111.83	120.34
Inventory Days	55.63	52.73	44.93	62.29
Payable days	241.52	267.44	167.79	143.4
PER(x)	0	54.93	73.4	150.82
Price/Book(x)	0	5.88	13.18	11.65
Dividend Yield(%)	0	0.15	0.09	0.1
EV/Net Sales(x)	0.05	1.51	3.06	3.19
EV/Core EBITDA(x)	0.5	18.02	38.48	53.84
Net Sales Growth(%)	0	5.7	42.79	-8.51
EBIT Growth(%)	0	-30.03	89.48	-43.85
PAT Growth(%)	0	-39.66	103.81	-53.83
EPS Growth(%)	0	-39.66	103.81	-53.83
Debt/Equity(x)	0.41	0	0.11	0.23
Current Ratio(x)	1.07	1.09	1.15	1.16
Quick Ratio(x)	0.88	0.89	0.85	0.85
Interest Cover(x)	8.95	4.63	6.24	3.42
Total Debt/Mcap(x)	0	0	0.01	0.02

Hitachi Energy India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	4.96	4.71	5.1	4.94	4.9	4.81	4.53	4.33	4.07	3.48
DII	1.59	1.49	1.52	7.12	7.55	7.88	8.09	8.03	8.49	9.71
Public	18.45	18.79	18.38	12.94	12.55	12.32	12.39	12.64	12.44	11.81
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.18	3.18	3.18	3.18	3.18	3.18	3.18	3.18	3.18	3.18
FII	0.21	0.2	0.22	0.21	0.21	0.2	0.19	0.18	0.17	0.15
DII	0.07	0.06	0.06	0.3	0.32	0.33	0.34	0.34	0.36	0.41
Public	0.78	0.8	0.78	0.55	0.53	0.52	0.52	0.54	0.53	0.5
Others	0	0	0	0	0	0	0	0	0	0
Total	4.24	4.24	4.24	4.24	4.24	4.24	4.24	4.24	4.24	4.24

Pros

Debtor days have improved from 167.79 to 143.4days.
Company is almost debt free.

Cons

Company has a low return on equity of 13% over the last 3 years.
Stock is trading at 29.8 times its book value.

* 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.

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Hitachi Energy India

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Hitachi Energy India Research see more...

Overview Inc. Year: 2019Industry: Electric Equipment

Hitachi Energy India Share Price

Alert Data

Quarterly Price

Peer Comparison

Hitachi Energy India Quarterly Results

Hitachi Energy India Profit & Loss

Growth Rates

Hitachi Energy India Balance Sheet

Hitachi Energy India Cash Flow

Hitachi Energy India Ratios

Hitachi Energy India Shareholding Pattern

Hitachi Energy India News

Top Unlisted Companies & InstaBuy Companies

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