Hitachi Energy India Ltd - Stock Valuation and Financial Performance

BSE: 543187 | NSE: POWERINDIA | Electric Equipment | Mid Cap

Hitachi Energy India Share Price

11,415.70 -308.20 -2.63%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Hitachi Energy India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Hitachi Energy India stock performance -

mw4me loader
P/E Ratio (SA):
249.26
Market Cap:
49,687.9 Cr.
52-wk low:
4,545.1
52-wk high:
16,534.5

Is Hitachi Energy India Ltd an attractive stock to invest in?

1. Is Hitachi Energy India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hitachi Energy India Ltd is a average quality company.

2. Is Hitachi Energy India Ltd undervalued or overvalued?

The key valuation ratios of Hitachi Energy India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Hitachi Energy India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hitachi Energy India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hitachi Energy India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hitachi Energy India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Dec'19Dec'20Mar'22Mar'23Mar'24TTM
ROCE % 20.9%16.4%30.1%13.5%18.6%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,2363,4203,9074,4695,2375,701
Sales YoY Gr.-5.7%14.2%14.4%17.2%-
Adj EPS 46.226.730.626.738.247
YoY Gr.--42.1%14.6%-12.7%43.1%-
BVPS (₹) 198.1219.9213.7286.6320.7331
Adj Net
Profit
196113130113162199
Cash Flow from Ops. -72.7610-1015.4252-
Debt/CF from Ops. -4.80-151.20.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA15.3%17.2%
Adj EPS NANA12.7%43.1%
BVPSNANA13.4%11.9%
Share Price - - 65% 146.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'19Dec'20Mar'22Mar'23Mar'24TTM
Return on
Equity %
23.312.815.79.612.614.4
Op. Profit
Mgn %
10.57.96.66.26.97.2
Net Profit
Mgn %
63.33.32.53.13.5
Debt to
Equity
0.400.10.20.10
Working Cap
Days
0272191228234112
Cash Conv.
Cycle
06946837316

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.40%

Sales growth is growing at healthy rate in last 3 years 15.26%

Net Profit is growing at healthy rate in last 3 years 12.66%

Sales growth is good in last 4 quarters at 26.98%

No data to display

Latest Financials - Hitachi Energy India Ltd.

Standalone Consolidated
TTM EPS (₹) 47 -
TTM Sales (₹ Cr.) 5,701 -
BVPS (₹.) 331 -
Reserves (₹ Cr.) 1,394 -
P/BV 35.43 -
PE 249.26 -
From the Market
52 Week Low / High (₹) 4545.10 / 16534.50
All Time Low / High (₹) 714.00 / 16534.50
Market Cap (₹ Cr.) 49,688
Equity (₹ Cr.) 8.5
Face Value (₹) 2
Industry PE 90.2

Management X-Ray of Hitachi Energy India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hitachi Energy India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'19Dec'20Mar'22Mar'23Mar'24
Sales3,2363,4204,8844,4695,237
Operating Expenses 2,8993,1524,5624,2194,878
Manufacturing Costs523567648465558
Material Costs1,7581,7612,7712,7113,219
Employee Cost 255369487417490
Other Costs 363456656626611
Operating Profit 337268322250359
Operating Profit Margin (%) 10.4%7.8%6.6%5.6%6.9%
Other Income 01967159
Interest 2838535457
Depreciation 4877958090
Exceptional Items -41-363600
Profit Before Tax 221136277131222
Tax 5536733758
Profit After Tax 16510020394164
PAT Margin (%) 5.1%2.9%4.2%2.1%3.1%
Adjusted EPS (₹)39.023.548.022.238.6
Dividend Payout Ratio (%)0%9%6%15%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'19Dec'20Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 8409331,1321,2151,360
Share Capital 88888
Reserves 8319241,1241,2071,351
Minority Interest00000
Debt3480125275150
Long Term Debt00000
Short Term Debt3480125275150
Trade Payables1,3771,5781,6191,5151,810
Others Liabilities 8769716138821,334
Total Liabilities 3,4413,4813,4893,8874,654

Fixed Assets

Gross Block8009461,0241,1491,202
Accumulated Depreciation220291371436507
Net Fixed Assets579656653713695
CWIP 57321184963
Investments 00000
Inventories493495707818888
Trade Receivables1,7831,5741,4191,5281,522
Cash Equivalents 18831986163128
Others Assets3404055066161,358
Total Assets 3,4413,4813,4893,8874,654

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'19Dec'20Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -73610-1275252
PBT 221136277131222
Adjustment 59140134123131
Changes in Working Capital -278379-445-182-49
Tax Paid -74-45-93-67-51
Cash Flow From Investing Activity -73-89-167-12-89
Capex -73-91-167-12-89
Net Investments 00000
Others 02100
Cash Flow From Financing Activity 333-3906184-199
Net Proceeds from Shares 00000
Net Proceeds from Borrowing 00000
Interest Paid -14-33-41-40-45
Dividend Paid 00-8-13-14
Others 348-357110136-139
Net Cash Flow 188131-23377-35
PARTICULARSDec'19Dec'20Mar'22Mar'23Mar'24
Ratios
ROE (%)19.6911.2619.7812.72
ROCE (%)20.9216.430.0813.4618.55
Asset Turnover Ratio0.940.991.41.211.23
PAT to CFO Conversion(x)-0.446.1-0.630.051.54
Working Capital Days
Receivable Days201179112120106
Inventory Days5653456259
Payable Days242267168143128

Hitachi Energy India Ltd Stock News

Hitachi Energy India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hitachi Energy India on 21-Nov-2024 16:59 is ₹11,415.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Hitachi Energy India stood at ₹49,687.9.
The latest P/E ratio of Hitachi Energy India as of 21-Nov-2024 16:59 is 249.3.
The latest P/B ratio of Hitachi Energy India as of 21-Nov-2024 16:59 is 35.43.
The 52-week high of Hitachi Energy India is ₹16,534.5 and the 52-week low is ₹4,545.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hitachi Energy India is ₹5,701 ( Cr.) .

About Hitachi Energy India Ltd

Headquartered in Bengaluru, ABB Power Products and Systems India Limited became a standalone legal entity in 2019, after demerging from ABB India Ltd. The company established a world-class digital experience center demonstrating the next level of enterprise performance for enhanced grid stability, improved asset performance and efficient operational management, and also began work on its High-Voltage Products Innovation Center as part of its investment in strategic research and development.

The company also laid the foundation for projects in the e-mobility space in the country with its TOSA electric-bus flash-charging technology. It partnered with Ashok Leyland in 2020 to facilitate a zero-emissions mass public transportation bus system.

The company provides one of the most comprehensive grid portfolio across the entire power value chain. The company been making in India for over many decades, commissioned landmark projects and invested itself in shaping future talent in the country.

Business area of the company

The company supplies products and components, systems, software and automation, and services through its four businesses and partner with customers through the entire product and project lifecycle - from building and planning to operating and maintaining.

Products and components

  • Grid automation products
  • Live tank breakers
  • HV instrument transformers
  • Disconnectors
  • Capacitor & filters
  • GIS
  • Hybrid switchgear-PASS
  • Power transformers
  • Reactors
  • Traction transformers
  • Insulation & components
  • Dry transformers

Systems

  • Grid-edge solutions
  • Grid & power quality systems
  • HVDC-grid interconnectors; city infeeds
  • FACTS & power quality
  • E-bus charging systems (TOSA)
  • Substations & services - digital substations; hybrid and mobile solutions

Services

  • Transformers
  • High-voltage products
  • Grid automation

Software and automation

  • Communication networks
  • Enterprise software
  • Grid automation systems

History and milestones

  • 1949: Hindustan Electric Company is incorporated and later acquired by Brown Boveri Cie (BBC). ASEA and BBC merge to form ABB in 1988.
  • 1965: First manufacturing facility in India is set up in Maneja, Vadodara-the circuit breaker factory.
  • 1989: Commissioned the first back-to-back HVDC transmission link for NPTCL at Vindhyachal, connecting the northern and western grids.
  • 2013: Inaugurated the dry-type transformers and PASS-GIS factories in Savli, Vadodara, under the Make-in-India Initiative.
  • 2015: Installed end-to-end power solutions for Delhi Metro and SCADA to monitor and control the power network.
  • 2016: Energized the world's highest rated 1,200kV transformer and circuit breaker
  • 2017: Commissioned the world's first multiterminal UHVDC link-the 6,000MW, 800kV DC link connecting North-East to Agra.
  • 2017: First digital substation for reliable, round-theclock power to serve the 350 companies for India's largest Information Technology park.
  • 2018: Partnering Indian Railways' electrification ambitions with extensive traction equipment orders.
  • 2019: Booked our first order for cybersecurity from Power Grid Corporation of India Limited (PGCIL), Roorkee.
  • 2019: Launch of a world-class digital experience center - PowerDEC - Bengaluru.
  • 2019: Inauguration of High-Voltage Products Innovation Center at Vadodara.
  • 2020: MOU signing for the TOSA electric-bus flash-charging technology with Ashok Leyland.
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