Hitachi Energy
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Hitachi Energy India is positioned for robust growth, supported by a substantial Rs 322 billion order backlog and strategic investments in high-value segments such as HVDC and data center infrastructure. Management's optimistic outlook reflects confidence in the structural demand for electrification, both domestically and globally, despite facing some margin pressures due to product mix. Vista's financial outlook anticipates accelerating revenue growth beyond historical levels, with stable margins and a fair valuation aligned with intrinsic value. The company's focus on executing large-scale grid integration projects and capitalizing on the burgeoning data center market underpins this positive trajectory. However, execution risks related to project timing and potential delays in government awarding remain watchpoints. Overall, the favorable macro environment, characterized by increasing infrastructure spending and a supportive regulatory framework, enhances Hitachi Energy's growth prospects over the next 12-24 months
Why We Like This Stock
- Substantial Rs 322 billion order backlog provides strong revenue visibility
- Strategic focus on high-value segments like HVDC and data centers supports long-term growth
- Favorable macro conditions and government support for infrastructure investments enhance growth prospects
Things To Watch Out For
- Execution risks related to project timing and potential delays in government awarding could impact growth
- Margin pressures from product mix may affect profitability in the short term
- Increased competition from international players poses a challenge to maintaining market share
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 5,237 | 6,385 | 8,148 | 10,234 | 14,496 |
| Profit Before Tax (Cr.) | 222 | 517 | 1,375 | 2,270 | 2,876 |
| PBT Margin | 4.2% | 8.1% | 1687.5% | 22.2% | 19.8% |
| Net Profit (Cr.) | 144 | 358 | 1,013 | 1,677 | 2,124 |
| Earnings Per Share | 32.4 | 80.3 | 227.1 | 375.9 | 476.3 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Citigroup | ▲ Buy | 46,700 | 17-Aug-2026 |
| Emkay Global | ► Add | 35,100 | 10-Aug-2026 |
| Geojit Financials | ► Add | 36,007 | 16-Jun-2026 |
| Goldman Sachs | ► Neutral | 30,100 | 10-Aug-2026 |
| HDFC Securities | ► Add | 31,414 | 27-May-2026 |
| ICICI Securities | ▲ Buy | 40,000 | 08-Aug-2026 |
| IDBI Capital | ▲ Buy | 37,909 | 10-Aug-2026 |
| Jeffries | ▲ Buy | 45,790 | 10-Aug-2026 |
| Macguire | ▲ Outperform | 38,500 | 10-Aug-2026 |
| Moneycontrol | ▲ Overweight | nan | 10-Jun-2026 |
| Motilal Oswal | ► Neutral | 32,000 | 27-May-2026 |
| Nomura | ▲ Buy | 40,030 | 10-Aug-2026 |
| Prabhudas Liladhar | ► Hold | 34,046 | 10-Aug-2026 |
Company Overview
Show Company Profile
Hitachi Energy India Limited offers products, projects, and services for electricity transmission and related activities in India and internationally. The company is involved in engineering, integration, installation, commissioning, and support of project and services, and design, manufacturing, configuration, and supply of system, equipment, devices, and accessories products. It also manufactures and sells electric motors, generators, transformers, and electricity distribution and control apparatus, as well as projects and services related electrical equipment. In addition, the company offers cable accessories, capacitors and filters, communication networks, cooling systems, disconnectors, energy storage, flexible AC transmission system, generator circuit breakers, high voltage switchgear and breakers, insulation and components, power conversion, semiconductors, surge arresters, and transformers. Further, it provides cybersecurity, digitalization, and power quality solutions, as well as substation automation, protection, and control services; and substations and electrifications solutions. Additionally, the company offers asset and work management, energy portfolio management, and grid and generation management software. It serves utility and industry customers. The company was formerly known as ABB Power Products and Systems India Limited and changed its name to Hitachi Energy India Limited in November 2021. Hitachi Energy India Limited was incorporated in 2019 and is headquartered in Bengaluru, India. Hitachi Energy India Limited is a subsidiary of Hitachi Energy Ltd.