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Hitachi Energy India Q1 FY27 Share Price & Earnings Call Analysis

₹28,125.00-1.09% today
Market cap
₹1.25L Cr
P/E
105.25
ROE
21.91%
PEG
0.87
Price to sales
13.68
Debt to equity
0.02
52W high / low
₹38,445 / ₹16,214
Sales growth (5Y)
18.96%
EBITDA margin
15.54%
Net profit margin
12.62%
Promoter holding
71.31%
Sales (last year)
₹9,163 Cr

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]

Guidance scorecard · Q1 FY27 call

What Hitachi Energy's management guided
and where it ranks in Electrical Equipment

#17of 58 in
Electrical Equipment
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ1 FY27 call

20–40%
  • Strong order backlog of INR 32,222.1 crs providing good revenue visibility for coming quarters.
  • Robust execution of order backlog led to 68.6% YoY revenue growth in Q1 FY27.
  • Growth driven by key sectors: transmission projects, renewable energy evacuation, data centers.
  • Increasing focus on Battery Energy Storage Systems (BESS) and grid integration solutions.
  • Emerging opportunities in data centers and renewable sectors expected to fuel demand.
  • Continued investments in capacity expansion, technology leadership, and talent development.
  • Domestic battery energy storage market expected to grow strongly, supported by government mandates.

2 more points from Hitachi Energy's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Hitachi Energy said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Construction of Hitachi Energy India’s 20th manufacturing facility in Karjan, Vadodara began in June 2026, targeting commissioning by December 2028.
  • The new Karjan facility will be a fully digital and smart manufacturing unit designed to enhance quality, productivity, and operational performance.
  • Capex aims to increase capacity and localize more components to create an end-to-end manufacturing scenario in India.
  • Ongoing capital expenditure is reflected in increased depreciation, supporting capacity expansion.

2 more points from Hitachi Energy's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Hitachi Energy said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Hitachi Energy India Limited's order backlog stands at INR 32,222.1 crores as of Q1 FY27.
  • The backlog shows strong double-digit growth compared with Q1 FY26, providing good revenue visibility for coming quarters.
  • The order intake for Q1 FY27 was INR 5,096.5 crores, with a 26.1% YoY increase excluding HVDC orders.
  • Data center orders form a growing segment within the backlog, including multiple orders totaling approximately INR 400-500 crores.

2 more points from Hitachi Energy's call on the order book

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Full Q1 FY27 analysis
Full Electrical Equipment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Hitachi Energy rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹72,673 Cr18.1
240%+Up 2%+₹21,700 Cr158.1
340%+Up 2%+₹491 Cr12.2
440%+Up 0–2%₹12,434 Cr48.4
540%+Up 0–2%₹2,042 Cr35.4
640%+Up 0–2%₹529 Cr7.0

Sign up free to see every company in the sector ranking and track Hitachi Energy.

Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Financials of Hitachi Energy

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Hitachi Energy

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,3341,0401,2281,2741,6951,3271,5541,6201,8841,4791,8332,0822,754
Expenses +1,2391,0061,1631,2061,5131,2791,4441,4531,6461,3241,5341,7372,338
Operating Profit9534656818248110167238155299345416
OPM %7%3%5%5%11%4%7%10%13%10%16%17%15%
Other Income +2302400523851833257
Interest111111141111161264333
Depreciation21222223232223232325262727
Profit before tax65332341521571184247177353348443
Tax %22%29%24%32%25%31%26%25%25%26%25%25%25%
Net Profit +51225231141052137184132264261330
EPS in Rs11.990.575.845.4226.822.4612.3432.4141.2629.5259.3158.6574.14

Financials of Hitachi Energy

Profit & Loss

Annual income statement trend

Dec 2019Dec 2020Dec 2021Mar 2022 15mMar 2023Mar 2024Mar 2025Mar 2026
Sales +3,2363,4203,7714,8844,4695,2376,3858,148
Expenses +2,8993,1523,5264,5604,2184,8785,7806,895
Operating Profit3372692443232503596051,252
OPM %10%8%6%7%6%7%9%15%
Other Income +-41-187410115957186
Interest2838325354575413
Depreciation48778195809091104
Profit before tax2211362062771312225161,321
Tax %25%27%26%26%28%26%26%25%
Net Profit +16510015220394164384988
EPS in Rs39.0223.5535.8047.9922.1638.6486.15221.63
Dividend Payout %0%8%0%6%15%10%7%0%

Financials of Hitachi Energy

Balance Sheet

Capital structure and asset base

Dec 2019Dec 2020Dec 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital8888899
Reserves8319241,1241,2071,3514,2055,167
Borrowings +348391903342148886
Other Liabilities +2,2532,5322,2012,3693,1344,3116,782
Total Liabilities3,4413,5033,5243,9194,7078,61312,044
Fixed Assets +579656653713695717952
CWIP573211849639085
Investments0000000
Other Assets +2,8042,8152,7533,1573,9507,80711,006
Total Assets3,4413,5033,5243,9194,7078,61312,044

Financials of Hitachi Energy

Cash Flows

Operating, investing and financing cash movement

Dec 2019Dec 2020Dec 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-73610-127-12752521,4941,245
Cash from Investing Activity +-73-89-167-167-12-89-110-271
Cash from Financing Activity +333-390616184-1992,295-91
Net Cash Flow188131-233-23377-353,679883
Free Cash Flow-146519-294-294-71631,366735
CFO/OP0%244%-14%-10%29%84%273%139%

Financials of Hitachi Energy

Ratios

Working capital efficiency and return ratios

Dec 2019Dec 2020Dec 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days20116810612510612186
Inventory Days1021039311010191119
Days Payable286327213204205202246
Cash Conversion Cycle18-57-1431210-42
Working Capital Days0-10192129-31-46
ROCE %19%26%13%18%19%29%

Guidance history

How Hitachi Energy's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned—Rising
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlanned—Rising
Q2 FY26 call →10–20%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

27out of 100

Momentum score · price trend

27 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+60.9%88%
Last 6 months−16.2%26%
Last 3 months−10.0%40%

The price is 26.8% below its all-time high of ₹38,445 (29 May 2026). Stocks more than 20% below their peak have their score halved, so 53 became 27.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Hitachi Energy: 0.4 × 88 + 0.4 × 26 + 0.2 × 40 = 53, halved to 27 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Hitachi Energy's management said in earlier quarters

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