Hitachi Energy India share price
NSE: POWERINDIABSE: 543187Electrical EquipmentLarge Cap
Hitachi Energy India Limited · Formerly ABB Power Products and Systems India · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Mar 2020
Last close ₹28,435.00up ₹40.00 (0.14%)BSE ₹28,400.10
Share price at the NSE close on 28 Oct 2026. Previous close ₹28,395.00.
28 Oct: open ₹28,500.00, high ₹29,280.00, low ₹28,325.00
52-week range of traded prices to 28 Oct 2026
₹16,111.00Low, 16 Jan 2026₹38,785.00High, 1 Jun 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,26,742 Cr85th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 110.17
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 24.49
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.03%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 24.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 25.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,25,49337.2% delivered
About Hitachi Energy India
Hitachi Energy India Limited makes and services the equipment that carries electricity through power grids, including transformers, high-voltage products, grid automation, power quality systems and HVDC (high-voltage direct current) transmission systems.12 Its customers are in utilities, industry, transportation, data centres and infrastructure.3 It is headquartered in Bengaluru.4
It reports its results as a single segment and is organised in 5 business units: Transformers, High Voltage Products, Grid Integration, Grid Automation and Service.25 The Service business unit, which looks after installed equipment from installation and commissioning to life extension, became fully operational on 1 April 2025.67 It has 19 manufacturing units at 8 plant locations, in Vadodara (Maneja, Savli Main, Savli Feeder and Halol), Chennai (Chengalpattu), Bengaluru (Peenya and Doddaballapura) and Mysuru (Thandavapura), and 13 sales offices across India.89 It employed 2,777 people at the end of March 2026.8 It had no borrowings at the end of March 2026.10
It was incorporated in 2019, and the power grids business of ABB India Limited was demerged into it under a scheme approved by the National Company Law Tribunal, Bengaluru, on 27 November 2019.1112 In March 2025 it raised about ₹2,520.82 crore by selling new shares to qualified institutional buyers (large investors such as mutual funds and insurers).13
Its promoter is Hitachi Energy Ltd. of Zurich, Switzerland, which held 71.31% of the shares after that sale, and its ultimate parent is Hitachi Limited of Tokyo, Japan.1415
Hitachi Energy India key points
Results
- In the quarter to Jun 2026, revenue from operations was ₹2,493.7 crore, up 68.6% from a year earlier.16
- In the quarter to Jun 2026, operational EBITDA (the company's measure of operating profit before interest, tax, depreciation and amortisation) rose 135.0% to ₹399.9 crore, 16.0% of revenue.1718
- In the same quarter, profit before tax rose 120.2% year on year to 15.6% of revenue; profit after tax was 11.8%.19
- In the year to Mar 2026, revenue from operations rose 27.60% to ₹8,147.70 crore and profit after tax was 2.6 times the year before, at ₹987.80 crore; the operating EBITDA margin was 15.40%.2021
Market position
- The company says its systems power 9 of India's 18 HVDC links and its transformers are used in 1 in 3 Indian Railways locomotives.22
- It says its technologies connect over 60 GW of renewable energy capacity and about 80% of India's metro rail systems run on its solutions.23
- In the year to Mar 2026 it commissioned India's first HVDC city centre infeed, a 1,000 megawatt (MW) link bringing power into Mumbai.2425
Revenue mix
Where revenue comes from
- Exports were 26.19% of turnover in the year to Mar 2026, and the company sells in all Indian states and union territories and in more than 70 countries.28
- No single customer made up more than 10% of revenue in the year to Mar 2026 (Adani Electricity Mumbai Infra Limited did a year earlier). Group companies Hitachi Energy USA Inc and Hitachi Energy Sweden AB accounted for more than 10% of export revenue.2930
Order book
- The order book (orders received but not yet delivered) was ₹32,222.1 crore at the end of June 2026, the highest the company has reported, against ₹29,555.30 crore at the end of March 2026.3132
- Orders received in the quarter to Jun 2026 were ₹5,096.5 crore, against ₹11,339.2 crore a year earlier, which included a large domestic HVDC order; leaving out HVDC orders in both quarters, orders rose 26.1%.3334
- At the end of March 2026, exports made up 30.3% of the order book excluding HVDC, with export orders from the US, Europe and Asia Pacific.35
- In the quarter to Jun 2026 it won its first battery energy storage system (BESS) order, for a 165 MW / 330 MWh (megawatt hours) project.31
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that its board approved further capital spending of up to ₹2,000 crore, including a new large power transformer factory at Karjan, Vadodara, taking planned capital spending to about ₹4,000 crore.36
- In the year to Mar 2026 it bought about 40 acres of land at Karjan for a new HVDC transformer factory.36
- On its earnings call of 7 Aug 2026, the company said the Karjan factory is designed as a fully digital plant, with commissioning targeted for December 2028.3738
- Capital spending in the year to Mar 2026 was ₹320.30 crore; at the end of June 2026, ₹1,841.66 crore of the money raised from institutional investors was unused, ₹1,755.00 crore of it in bank deposits.3940
Recent events
- On 2 Sep 2026 the company disclosed that Crisil ESG Ratings & Analytics had raised its ESG (environmental, social and governance) rating to 69 from 61, an assessment the company did not commission.41
- On 23 Jun 2026 CRISIL Ratings reaffirmed the company's AAA/Stable long-term credit rating (an agency's view of a borrower's ability to repay) and reassigned its A1+ short-term rating on ₹6,000 crore of bank facilities.42
- On 25 May 2026 the board recommended a final dividend of ₹8.00 per share for the year to Mar 2026, subject to approval at the annual general meeting of 28 Aug 2026; the company's documents give no outcome.4344
Litigation and regulatory matters
- As of its annual report for the year to Mar 2026, the company was contesting disputes with customers; its contingent liabilities (possible payments that depend on how disputes end) included ₹83.63 crore of goods and services tax and ₹31.02 crore of income tax in dispute.45
- In its exchange filing of 24 Jan 2026, the company said it would appeal to the Income-tax Appellate Tribunal against an income-tax demand of ₹16,39,87,200 and interest of ₹9,67,08,310 for assessment year 2022-23; its documents give no outcome.46
- In its exchange filing of 16 Dec 2025, the company said it intended to contest, before the customs appellate tribunal, an order of 12 Dec 2025 demanding customs duty of ₹3,15,40,918, an equal penalty and a redemption fine of ₹3,00,00,000; its documents give no outcome.47
Last updated
All 47 sources, each with its page
- 1. Annual report, 31 Jul 2026, page 8
- 2. Annual report, 31 Jul 2026, page 285
- 3. Annual report, 31 Jul 2026, page 76
- 4. Annual report, 31 Jul 2026, page 173
- 5. Annual report, 31 Jul 2026, page 174
- 6. Annual report, 31 Jul 2026, page 18
- 7. Annual report, 31 Jul 2026, page 17
- 8. Annual report, 31 Jul 2026, page 174
- 9. Annual report, 31 Jul 2026, page 12
- 10. Annual report, 31 Jul 2026, page 156
- 11. Annual report, 31 Jul 2026, page 32
- 12. Annual report, 31 Jul 2026, page 283
- 13. Annual report, 31 Jul 2026, page 154
- 14. Annual report, 31 Jul 2026, page 154
- 15. Annual report, 31 Jul 2026, page 289
- 16. Earnings call, 7 Aug 2026, page 8
- 17. Earnings call, 7 Aug 2026, page 8
- 18. Exchange filing, 7 Aug 2026, page 6
- 19. Earnings call, 7 Aug 2026, page 8
- 20. Annual report, 31 Jul 2026, page 50
- 21. Annual report, 31 Jul 2026, page 17
- 22. Annual report, 31 Jul 2026, page 174
- 23. Annual report, 31 Jul 2026, page 174
- 24. Annual report, 31 Jul 2026, page 50
- 25. Annual report, 31 Jul 2026, page 55
- 26. Annual report, 31 Jul 2026, page 285
- 27. Annual report, 31 Jul 2026, page 285
- 28. Annual report, 31 Jul 2026, page 76
- 29. Annual report, 31 Jul 2026, page 285
- 30. Annual report, 31 Jul 2026, page 289
- 31. Exchange filing, 7 Aug 2026, page 6
- 32. Annual report, 31 Jul 2026, page 50
- 33. Exchange filing, 7 Aug 2026, page 6
- 34. Earnings call, 7 Aug 2026, page 8
- 35. Annual report, 31 Jul 2026, page 174
- 36. Annual report, 31 Jul 2026, page 155
- 37. Earnings call, 7 Aug 2026, page 8
- 38. Annual report, 31 Jul 2026, page 56
- 39. Annual report, 31 Jul 2026, page 50
- 40. Exchange filing, 7 Aug 2026, page 5
- 41. Exchange filing, 2 Sep 2026, page 1
- 42. Exchange filing, 23 Jun 2026, page 1
- 43. Annual report, 31 Jul 2026, page 154
- 44. Annual report, 31 Jul 2026, page 155
- 45. Annual report, 31 Jul 2026, page 283
- 46. Exchange filing, 24 Jan 2026, page 2
- 47. Exchange filing, 16 Dec 2025, page 2
Results
Standalone; ₹ crore.Hitachi Energy India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +40.2%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +127.7%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,494 Crdown 9.45%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹294 Crdown 10.99%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 11.8%
Revenue by quarter
Peak revenue ₹2,754 Cr, quarter to Mar 2026; lowest ₹1,479 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | 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 |
| Net profit | 52 | 137 | 184 | 132 | 264 | 261 | 330 | 294 |
| Net margin | 3.4% | 8.5% | 9.8% | 8.9% | 14.4% | 12.6% | 12.0% | 11.8% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹8,148 Crup 27.61%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹988 Crup 157.26%
- Net margin
- 12.1%
Revenue by year
Peak revenue ₹8,148 Cr, year to Mar 2026; lowest ₹3,420 Cr, year to Dec 2020
Net profit by year, a loss in red
The company moved its year end from December to March: its last year to December on record ended in Dec 2020, its first year to March in Mar 2023. The 15 months to Mar 2022 between them are one changeover period, not a year, and the yearly charts leave it out.
| ₹ crore | Dec 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 3,420 | – | 4,469 | 5,237 | 6,385 | 8,148 |
| Net profit | 100 | – | 94 | 164 | 384 | 988 |
| Net margin | 2.9% | – | 2.1% | 3.1% | 6.0% | 12.1% |
Standalone. Years to December, then March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, POWER GRIDS, which carries all its revenue.
Valuation
Today, against the company's own history.Hitachi Energy India PE ratio and valuation
Price to earnings
At or below today's level on 10% of 1,239 trading days over the last 5 years.
LowestHighest
Its median160.00Industry median34.88
Price to book
At or below today's level on 68% of 1,204 trading days over the last 5 years.
LowestHighest
Its median18.79Industry median5.42
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 25% of 1,171 trading days over the last 5 years.
LowestHighest
Its median0.04%Industry median0.35%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +91.6% | +157.3% | −25.6% | 0.0% |
| 3 years | +93.6% | +115.5% | −10.2% | 0.0% |
| 5 years | +77.8% | – | – | 0.1% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
263 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 94 of the 130 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 263 funds holding Hitachi Energy India
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 54
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 63
- CutCut. Funds that held fewer shares than at the end of the month before.
- 67
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 77
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 37
| Fund | |||
|---|---|---|---|
 HSBC Midcap FundHSBC Mutual Fund | 1,25,234 | 2.28% | ₹383.6 Cr |
 UTI Nifty 200 Momentum 30 Index FundUTI Mutual Fund | 75,400 | 2.90% | ₹231.0 Cr |
 Canara Robeco Large and Mid Cap FundCanara Robeco Mutual Fund | 72,789 | 0.91% | ₹223.0 Cr |
 Nippon India Multi Cap FundNippon India Mutual Fund | 62,016 | 0.35% | ₹190.0 Cr |
 ICICI Prudential Nifty Next 50 Index FundICICI Prudential Mutual Fund | 50,738 | 1.59% | ₹155.4 Cr |
| ICICI Prudential Mid Cap FundICICI Prudential Mutual Fund | 46,246 | 1.78% | ₹141.7 Cr |
 DSP Midcap FundDSP Mutual Fund | 45,579 | 0.72% | ₹139.6 Cr |
| Nippon India ETF Nifty Next 50 Junior BeESNippon India Mutual Fund | 45,076 | 1.60% | ₹138.1 Cr |
 SBI Arbitrage FundSBI Mutual Fund | 40,750 | 0.27% | ₹124.8 Cr |
| HSBC Large & Mid Cap FundHSBC Mutual Fund | 40,306 | 2.13% | ₹123.5 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Hitachi Energy India competitors and peers
Heavy Electrical Equipment, 48 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Hitachi Energy India in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Bharat Heavy ElectricalsBHEL | 1,41,128 | 49.03 | 5.28 | +29.1% | +415.4% | 11.3% | 10.7% | 0.35% |
 ABB IndiaABB | 1,37,529 | 46.03 | 14.73 | – | – | 36.1% | 18.7% | 1.84% |
 CG Power and Industrial SolutionsCGPOWER | 1,31,126 | 95.33 | 15.00 | +23.8% | +29.4% | 17.0% | 17.7% | 0.16% |
 SiemensSIEMENS | 1,20,119 | 36.67 | 8.68 | −1.7% | +33.7% | 25.0% | 11.7% | 0.53% |
 GE Vernova T&D IndiaGVT&D | 1,03,955 | 79.66 | 38.64 | +43.9% | +70.6% | 58.5% | 63.5% | 0.25% |
 Siemens Energy IndiaENRIN | 1,01,138 | 67.97 | 21.02 | – | – | 34.3% | 39.2% | 0.14% |
 Suzlon EnergySUZLON | 51,274 | 16.31 | 5.42 | +45.2% | +50.2% | 40.4% | 27.4% | 0.00% |
 ThermaxTHERMAX | 37,898 | 63.87 | 6.83 | +4.7% | −11.6% | 11.3% | 8.3% | 0.63% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Hitachi Energy India dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹8.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 21 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹8.00 |
| 13 Aug 2025 | Final | ₹6.00 |
| 14 Aug 2024 | Final | ₹4.00 |
| 10 Aug 2023 | Final | ₹3.40 |
| 14 Jul 2022 | Final | ₹3.00 |
| 19 May 2021 | Final | ₹2.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Hitachi Energy India announcements
Oct 2026
Sep 2026
17 Sep · Analysts
11 Sep · Meeting
10 Sep · Analysts
Aug 2026
28 Aug · Board meeting
Hitachi Energy India share price by year
Each calendar year to 2025.Hitachi Energy India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 18,310.00 | +27.0% | 22,755.00 | 9,621.75 |
| 2024 | 14,412.20 | +173.8% | 16,118.45 | 5,427.30 |
| 2023 | 5,264.35 | +57.3% | 5,264.35 | 2,953.55 |
| 2022 | 3,347.35 | +32.5% | 3,852.70 | 2,446.10 |
| 2021 | 2,526.75 | +95.5% | 2,750.45 | 1,207.85 |
| 2020 | 1,292.65 | – | 1,363.25 | 714.00 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2020 is from its first session, 30 Mar 2020.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 27,255.00 | 28,395.00 | 27,220.00 | 28,395.00 | 27,942.26 | 1,90,268 | 44.2% |
| 26 Oct 2026 | 26,315.00 | 27,180.00 | 25,790.00 | 26,850.00 | 26,714.41 | 1,11,911 | 32.1% |
| 23 Oct 2026 | 26,700.00 | 26,725.00 | 25,420.00 | 26,300.00 | 25,926.58 | 2,42,634 | 35.2% |
| 22 Oct 2026 | 28,000.00 | 28,000.00 | 26,820.00 | 27,035.00 | 27,144.55 | 2,11,832 | 43.8% |
| 21 Oct 2026 | 28,965.00 | 28,965.00 | 27,730.00 | 28,050.00 | 28,102.48 | 99,918 | 37.0% |
| 19 Oct 2026 | 28,990.00 | 29,015.00 | 28,605.00 | 28,730.00 | 28,817.34 | 49,179 | 43.4% |
| 16 Oct 2026 | 28,965.00 | 29,335.00 | 28,400.00 | 28,990.00 | 28,854.58 | 1,25,816 | 38.1% |
| 15 Oct 2026 | 29,680.00 | 29,680.00 | 28,630.00 | 28,770.00 | 29,018.24 | 2,56,818 | 42.2% |
| 14 Oct 2026 | 30,250.00 | 30,540.00 | 29,935.00 | 30,390.00 | 30,270.22 | 92,543 | 35.1% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- POWERINDIA
- BSE code
- 543187
- ISIN
- INE07Y701011
- Industry
- Electrical Equipment
- Website
- www.hitachienergy.com/in
- CIN
- L31904KA2019PLC121597
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2019
- Registered office
- 8th Floor, Brigade Opus, 70/401 Kodigehalli Main Road, Bengaluru 560092, Karnataka
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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