Hitachi Energy India Ltd

NSE: POWERINDIA · Heavy Electrical Equipment · sector

₹26,850.00NSE close 2026-10-26

Key numbers

Market cap₹1,19,751 cr

Price₹26,850.00

52w high / low₹38,785 / ₹16,111

P/E104.0xSector median 27.8x

P/B23.1xSector median 5.4x

Book value₹1,160.5

Dividend yield0.02%Sector median 0.19%

ROE24.5%Sector median 18.8%

ROCE29.9%Sector median 21.4%

OPM14.9%Sector median 15.1%

Debt / equity0.00xSector median 0.09x

EV/EBITDA84.0xSector median 21.4x

Interest cover127.6x

Current ratio1.55x

Sales growth 3y+22.2%Sector median +22.1%

Profit growth 3y+119.1%Sector median +27.5%

PEG0.90x

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 43 companies in Heavy Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹4,689 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
Operating profit covered interest 127.6x in the last 12 months.
Operating cash flow was below net profit in 1 of the last 4 years (FY23).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 25% of net profit in the last 12 months.
Debtor days went from 106 (FY24) to 86 (FY26).
Dividend paid in 4 of the last 4 financial years.
Price ₹26,850.00 on 2026-10-26: -30.8% from the 52-week high, +66.7% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹36,090.00 · low ₹11,289.35

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1,554	1,620	1,884	1,479	1,833	2,082	2,754	2,494
EBITDA	110	167	238	155	299	291	416	364
OPM %	7.1%	10.3%	12.6%	10.5%	16.3%	14.0%	15.1%	14.6%
Other income	0	52	38	51	83	86	57	58
Net profit	52	137	184	132	264	261	330	294
EPS (₹)	12.34	32.41	43.15	29.53	59.31	58.65	74.14	65.99
Revenue YoY					+17.9%	+28.5%	+46.2%	+68.6%
Profit YoY					+405.6%	+90.3%	+79.7%	+123.5%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY23	FY24	FY25	FY26	TTM
Revenue	4,469	5,237	6,385	8,148	9,162
EBITDA	236	349	596	1,198	1,370
Net profit	94	164	384	988	1,150
EPS (₹)	22.16	38.64	90.36	221.63	258.09
Revenue growth		+17.2%	+21.9%	+27.6%	+40.2%
Profit growth		+74.4%	+134.4%	+157.3%	+127.7%
Dividend / share (₹)	3.00	3.40	4.00	6.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+22.2%	–	+40.2%
Net profit	+119.1%	–	+127.7%
EPS	+115.5%	–	–
Share price	–	+37.1% (2y)	+60.6%

Balance sheet

₹ cr	FY23	FY24	FY25	FY26
Shareholders' equity	1,215	1,360	4,214	5,176
Borrowings	275	150	0	0
Cash & equivalents	163	128	3,807	4,689
Total assets	3,919	4,707	8,613	12,044
Fixed assets	680	663	684	812
Capital work in progress	49	63	90	192
Investments	0	0	0	0
Receivables	1,528	1,522	2,110	1,913
Inventory	818	888	926	1,485
Payables	1,515	1,810	2,042	3,081

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY23	FY24	FY25	FY26
Cash from operations	5	252	1,494	1,245
Cash from investing	-12	-89	-110	-271
Cash from financing	84	-199	2,295	-91
Capex	12	89	129	510
Free cash flow	-7	163	1,365	735

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY23	FY24	FY25	FY26
ROE %	7.7%	12.0%	9.1%	19.1%
ROCE %	11.5%	17.8%	13.3%	25.8%
Debtor days	125	106	121	86
Inventory days	110	101	91	119
Payable days	204	205	202	246
Cash conversion cycle (days)	31	2	10	-41
Working capital days	34	37	186	164

Shareholding

Holder	% (2026-09-30)
Promoters	71.31%
FIIs	11.96%
DIIs	6.54%
of which Mutual funds	3.70%
of which Insurance	2.40%
Public (non-institutions)	10.19%

Quarter	Mar 2025	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	71.31%	71.31%	71.31%	71.31%	71.31%	71.31%	71.31%	71.31%

Promoter group	%
Hitachi Energy Ltd	71.31%

1,14,427 shareholders. Pledged: – of promoter shares.

Peers in Heavy Electrical Equipment

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
BHEL	₹1,37,384 cr	47.7x	5.1x	11.2%	13.5%	10.1%	+13.1%	0.12%
ABB	₹1,34,715 cr	45.1x	14.4x	36.1%	22.4%	14.0%	–	–
CGPOWER	₹1,31,237 cr	104.9x	16.5x	16.5%	21.3%	12.5%	+30.7%	0.16%
POWERINDIA	₹1,19,751 cr	104.0x	23.1x	24.5%	29.9%	14.9%	+22.2%	0.02%
SIEMENS	₹1,16,725 cr	35.6x	8.4x	25.0%	14.2%	10.0%	+41.0%	0.37%
ENRIN	₹98,074 cr	65.9x	20.4x	34.3%	42.0%	20.9%	–	0.14%
GVT&D	₹97,043 cr	74.3x	36.1x	58.5%	65.5%	25.2%	+30.8%	0.13%
SUZLON	₹51,051 cr	16.3x	5.4x	40.4%	29.2%	17.7%	+41.0%	–
THERMAX	₹35,902 cr	60.5x	6.5x	11.3%	12.5%	8.6%	+9.8%	0.44%
SCHNEIDER	₹27,190 cr	147.9x	35.1x	27.5%	25.3%	11.0%	+17.6%	–

All 43 companies in Heavy Electrical Equipment →

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-21	Dividend	Dividend - Rs 8 Per Share
2025-08-13	Dividend	Dividend - Rs 6 Per Share
2024-08-14	Dividend	Annual General Meeting/Dividend - Rs 4 Per Share
2023-08-10	Dividend	Annual General Meeting/Dividend - Rs 3.40 Per Share
2022-07-14	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2021-05-19	Dividend	Annual General Meeting/Dividend - Rs 2 Per Share
2020-08-05	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company

Sale of products: Design, manufacturing/configuration & supply of system, equipment, devices and accessories products
Execution of contracts for projects and services: Project and service engineering, installation, commissioning and support


Sector	Industrials
Industry	Heavy Electrical Equipment
Sub-industry	Heavy Electrical Equipment
Symbol	POWERINDIA
BSE code	543187
ISIN	INE07Y701011
Face value	₹2.0
Incorporated	2019-02-19
Website	https://www.hitachienergy.com/in/en
Plants (India / abroad)	8 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.