Hitachi Energy India Limited (POWERINDIA)

Mid Cap

Hitachi Energy India Limited is an energy technology company providing solutions across transmission, distribution, renewables, data centers, and transport sectors in India, focusing on grid resilience and energy transition. It offers products, systems, software, and services for the entire value chain.

₹27,810

-920.00 · -3.20%

Market cap ₹1,28,056 Cr

IndicesNifty 500

ThemesPower Transmission Equipment Manufacturing Capital Goods

Data qualityFresh enough for analysisQuote updated 21 Oct, 12:16 pm IST

Details

Quote21 Oct, 12:16 pm IST

Base fundamentals20 Oct 2026 · screener

Latest result16 Aug, 01:32 am IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags02 May 2026

Coverage14/14 · 100%

Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)

Technical timing lens

Trend score and candlestick chart

36Bearish

SMA20 -5.0% / mo · MACD −

Stock trend: 30

Sector RS: 45

Sector 3M: -7.4% vs Nifty 500 -5.9%

Industrials FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

POWERINDIAD candles · FIT view-15.2%TODAY · PROVISIONAL

Latest price ₹27810.00 on 2026-10-21

Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.

Bar

-4.0%

RSI

MACD hist

-260.20

52W pos

52%

2026-10-21O ₹28965.00H ₹28965.00L ₹27730.00C ₹27810.00Vol 60,888 shIntraday candle

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

POWERINDIANifty India ManufacturingNifty 500

POWERINDIA: -11.4%
Nifty 500: -5.6%
Nifty India Manufacturing: -5.8%
Vs Nifty 500: -5.9 pp

Chart stats

19 Oct 2026

From 52W high: -25.9%
52W range position: 56%
ATR (14): 3.3%
Volume vs 20D: 0.42x
Avg traded value: ₹346 Cr
20D price channel: ₹28,400 - ₹32,595

Quarter ended 30 Jun 2026

Excellent · 90

Rev +69% YoY · PAT +123% YoY · margin expansion · operating leverage

Revenue: ₹2,494 Cr; YoY +68.6%
PAT: ₹294 Cr; YoY +122.7%
Operating margin: 15.0%; QoQ +0 bps
PAT margin: 11.8%; QoQ -19 bps

Filed 30 Jun 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 1 Base / Transition

Current trend context ranked against the Nifty 500. It describes the chart; it is not a buy or sell signal.

RS percentile: 92; +2 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 1 Base / Transition
Sector rotation: #5; neutral · 58 stocks
Industry rotation: #8; weakening · 8 stocks

Trend structure

Below 20-DMABelow 50-DMABelow 200-DMA

RSI (14)

Weak momentum

MACD

Below signal

Histogram -260.20

Volume participation

0.5x average

So far vs 20-session average

20-session position

2% of range

₹27,730 low · ₹32,550 high

Relative performance

vs Nifty 500

1M: -8.6 pp; stock -12.1%
3M: -5.9 pp; stock -11.4%
6M: +0.5 pp; stock -3.1%
1Y: +71.7 pp; stock +64.6%

From 52W high

-25.9%

High ₹38,785

52W range position

56%

₹16,111 - ₹38,785

ATR (14)

3.3%

₹961.06

Avg traded value

₹346 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.

Suggested next step

Research, do not rush

The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.

U-Score

Legacy · FAIR VALUE

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Excellent · 90/100

Rev +69% YoY · PAT +123% YoY · margin expansion · operating leverage

Filed 30 Jun 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹2,494 Cr	+68.6%	-9.4%
EBITDA	₹364 Cr	+134.8%	-12.5%
Operating margin	15.0%	+500 bps	+0 bps
PAT	₹294 Cr	+122.7%	-10.9%
PAT margin	11.8%	+287 bps	-19 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: 108.00
P/B: 24.75
EV/EBITDA: 83.64
Market Cap: 128056.00Cr

Profitability

ROE: 21.90%
ROCE: 29.40%
ROA: 9.55%
Dividend Y: 0.03%

Growth (CAGR)

Revenue 5Y: 19.00%
EPS 5Y: 54.00%
Revenue 3Y: 22.00%
EPS 3Y: 122.00%

Balance Sheet

Debt/Equity: 0.02
Interest Coverage: 118.67×
Altman Z: 7.91
Book Value: 1161.00

Cash Flow

FCF Yield: 0.76%
FCF Positive Y: 4/5
OCF: 1245.00 Cr
EPS TTM: 258.09

Shareholding

Promoter Hold: 71.31%
Promoter Pledge: 0.00%
Momentum 52W: 56%

Financial History

Updated 21/10/2026

Revenue

₹ Cr

Latest: 2,494-9.4% vs prev

Net Profit

₹ Cr

Latest: 294-10.9% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 31.

Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
SMA20 falling (~5.6% over last month) — short-term momentum negative.
RSI(14) at 31 — falling, no extreme reading.
MACD below signal, histogram expanding negatively — bearish momentum building.
28% off 52W high · 73% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 1 Base / Transition

1M return

-12.1%

3M return

-11.4%

6M return

-5.3%

1Y return

+69.4%

RS 1D

-1

RS 20D

Sector rank

Industry rank

Stage evidence

Price is 10.4% below the 30-week proxy without full trend alignment.
The 30-week proxy changed +2.5% over 20 sessions.
The moving-average structure does not confirm Stage 2 or Stage 4.

50-DMA

price below

200-DMA

price below

Sector

neutral

Industry

weakening

Relative-strength line vs Nifty 500 (base 100)

261 observations

19 Oct 2026Value 153.99+0.13%

RS vs Nifty 500154

Valuation & peers

U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies

Premium Compounder

Fundamental score breakdown

U band · FAIR VALUE

Valuation0/30

Growth21/25

Quality17/20

Balance Sheet11/15

Cash Flow4/10

Piotroski

8/9 (+5)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

58/100 · legacy band FAIR VALUE

Positive drivers

Piotroski is strong at 8/9.
Quality contributes 17/20 to the score.
Growth contributes 21/25 to the score.

Main drags

Fair-value margin of safety is negative at -174.2%.
Valuation is weaker at 0/30; verify the latest quarterly trend.
Cash flow is weaker at 4/10; verify the latest quarterly trend.

Sector valuation model

Execution business valuation: EV/EBITDA plus order and working-capital risk

Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.

Execution EV/EBITDA

Primary lens

EV/EBITDA and PE against execution quality and margin stability.

Secondary checks

Order book, receivables, working capital, debt, operating cash flow.

Main risk check

Order wins matter only if they convert into cash and margins.

108.0

24.8

EV/EBITDA

83.6

ROE

21.9%

ROCE

29.4%

FCF Yield

0.8%

Debt/Equity

0.0

MoS

-174.2%

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 58

Legacy U-Score band

FAIR VALUE

Previous: FAIR VALUE

Margin of safety

-174.2%

Previous: -183.3%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026

v4.3-runtime-valuation

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number

₹2,596.53

-971.0% MoS

Growth-justified P/E

39.3

Growth-justified Value

₹10,142.94

-174.2% MoS

PEG

1.33

Comparable companies

Peers

Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

SUZLON

Mid

Suzlon Energy Limited

Schneider Electric Infrastructure Limited

Kirloskar Oil Engines Limited

Shyam Metalics and Energy Limited

Vikran Engineering Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis intactReviewed 2026-06-15T07:41:21.788Z

Management commentary snapshot

Hitachi Energy India reported strong FY26 performance with revenue up 27.6% and PAT surging 157.3% YoY. Q4FY26 also saw robust growth, with revenue up 46.2% and PAT up 79.7% YoY, driven by solid order execution and margin expansion.

Strong FY26 financial performance, marked by significant revenue and PAT growth, and margin expansion, validates the company's strategic focus. Robust order execution and capacity investments in high-growth sectors like renewables and data centers underpin future prospects, though full-year order growth was modest.

Current business mix

Order Mix by Segment (FY26)

Latest issuer-disclosed distribution across 4 reported categories.

Transmission85.0%

Industries6.0%

Data Center7.0%

Railway and Metro2.0%

Growth engines

Data Centers

Significant investments announced in India's data center space (Rs 6.5 Lakh Cr in FY26, Rs 8.3 Lakh Cr announced).

Renewables (Wind & Solar)

Rs 7.93 Lakh Cr investment for 900 GW Non-Fossil capacity integration by 2035 announced at BES-2026.

Transmission & Utilities

Energy security is emerging as a structural, policy-driven investment in India, shifting focus to resilience and self-reliance.

Transport (EV & Metro)

India’s EV sector attracted Rs 2.23 Lakh Cr from 2020-2025; metro rail projects securing traction transformer orders.

Capacity and execution

Greenfield Large Power Transformer Facility

Additional Rs 2,000 Cr capex for a greenfield large power transformer facility in Karjan, Vadodara, bringing cumulative capex to Rs 4,000 Cr.

HVDC Project Commissioning

Mumbai city infeed HVDC 1000MW VSC Project commissioned, including converter stations at Aarey and Kudus.

Utility Transformer Commissioning

Three 500 MVA, 765/400/33 kV ICTs commissioned for a leading utility at Ramgarh and Bhiwani.

Tailwinds

Increased Government Capex

Government capital expenditure increased from Rs 3.1 Lakh Cr in 2019 to Rs 11.2 Lakh Cr in 2026, supporting industrial expansion.

Energy Security Focus

Energy security is a structural, policy-driven investment in India, driving resilience, self-reliance, and reduced import dependence.

Improved DISCOM Health

DISCOMs recorded profit of over Rs 2,701 Cr in 2024-25, with AT&C losses dropping to 15% in FY25.

Risk radar

Economic Conditions

Actual results may differ materially due to risks and uncertainties beyond the Company’s control, including economic conditions.

Regulatory Changes

Regulatory changes are identified as a risk factor that may cause actual results to differ materially.

Currency Fluctuations

Currency fluctuations are a risk factor that may lead to material differences in actual results.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens

Compare BOTH

YoY is essential for assessing annual growth and project cycle comparisons. QoQ provides insight into sequential execution momentum, margin trends, and the impact of recent project commissioning in this capital goods sector.

Sector KPIs management disclosed

Order Inflow

Orders FY26: 18,456.5 Cr (1.6% YoY growth); Q4FY26: 2,422.5 Cr (10.6% YoY growth, -2.2% QoQ).

Revenue from Operations

Revenue FY26: 8,147.7 Cr (27.6% YoY growth); Q4FY26: 2,754.1 Cr (46.2% YoY growth, 32.3% QoQ).

Operational EBITDA

Op. EBITDA FY26: 1,252.6 Cr (111.5% YoY), margin 15.4%. Q4FY26: 452.4 Cr (92.0% YoY), margin 16.4%.

Order Book (OBL)

Order Book at Mar-26: 29,555.3 Cr (53.6% YoY growth).

Management forward view

Maintain Leadership

Maintain leadership in core segments – Renewables, Utilities, HVDC, Industries and Infrastructure.

Harness New Segments

Harness new segments – such as data centers, BESS and expand at the edge.

Operational Excellence

Strong focus on BU service and operational excellence to improve productivity, quality & usage of AI.

Capacity Building

Build capacities for future growth and deliver on a strong backlog for revenue & margin.

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
Order Inflow Growth	FY26: 1.6% YoY	Sustained acceleration in order inflow growth across key segments.
Operational EBITDA Margin	FY26: 15.4%	Continued expansion or stability of operational EBITDA margins.
Order Book Execution	OBL at Mar-26: 29,555.3 Cr	Timely execution of the strong order backlog into revenue.
New Capacity Ramp-up	Greenfield large power transformer facility in Karjan announced.	Progress and ramp-up of new capacity additions, especially the Karjan facility.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

88Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 100th percentile of the scored universe and 100th percentile within Industrials. No major sub-score weakness stands out.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 21 Oct 2026

management-trust-v1

146 docs text-extracted · 62 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

100th percentile

overall median 67 · Industrials: 100th pctile, median 68 · Mid: 99th pctile, median 76

Evidence depth

Financial-only

146 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

strong · holding, pledge, alignment

Cash flow

strong · profit to cash conversion

Balance sheet

strong · leverage and solvency

Discipline

strong · capital discipline

Results

strong · quarterly consistency

Trust positives

▸Promoter holding is 71.3%.
▸Promoter pledge is zero.
▸FCF yield is positive at 0.8%.
▸4 years of positive FCF.

Trust risks

▸No major Trust Lite risk flags.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Industrials stocks Browse Indian stocks starting with P Explore fundamental stock screeners Browse Indian investment themes

Related companies

Suzlon Energy Limited (SUZLON)Schneider Electric Infrastructure Limited (SCHNEIDER)Kirloskar Oil Engines Limited (KIRLOSENG)Shyam Metalics and Energy Limited (SHYAMMETL)Vikran Engineering Limited (VIKRAN)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Hitachi Energy India Limited (POWERINDIA)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Execution business valuation: EV/EBITDA plus order and working-capital risk

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

Order Mix by Segment (FY26)

Data Centers

Renewables (Wind & Solar)

Transmission & Utilities

Transport (EV & Metro)

Greenfield Large Power Transformer Facility

HVDC Project Commissioning

Utility Transformer Commissioning

Increased Government Capex

Energy Security Focus

Improved DISCOM Health

Economic Conditions

Regulatory Changes

Currency Fluctuations

What management said, and what results must prove

Order Inflow

Revenue from Operations

Operational EBITDA

Order Book (OBL)

Maintain Leadership

Harness New Segments

Operational Excellence

Capacity Building

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Hitachi Energy India Limited

Important announcements & filings

Announcement under Regulation 30 (LODR)-Investor Presentation 16 Sep

Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Sep

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Sep

Announcement under Regulation 30 (LODR)-Investor Presentation 11 Aug

Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Aug - Management will meet analysts/investors at Citi’s 2026 India Industrials Access Day on 12-13 August in Singapore and Hong Kong.

Announcement under Regulation 30 (LODR)-Credit Rating 23 Jun - CRISIL reaffirmed AAA/Stable and reassigned A1+ for ₹6,000 crore bank facilities.

Announcement under Regulation 30 (LODR)-Press Release / Media Release 12 Jun - Hitachi Energy will invest about INR 2,000 crore for a new LPT factory in Vadodara, completion FY28.

Announcement under Regulation 30 (LODR)-Investor Presentation 8 Jun

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Jun

Announcement under Regulation 30 (LODR)-Newspaper Publication 26 May

Q4 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 13 May - Crisil report for Q4 FY26 QIP shows Rs 469.66 crore utilized, Rs 2,006.63 crore unutilized.