HITACHI ENERGY INDIA Ltd (POWERINDIA) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+3.37%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 12.4%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 21.9%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹28,081.50

200-Day DMA ● Overlay

₹26,044.50

14-Day RSI ● Overlay

63.8 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹1.41 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

118.0x

Price / EPS

Book Value (₹) Assets

₹1,161.0

P/B: 27.3x

ROE (%) Quality

21.9%

Net Profit / Equity

ROCE (%) Efficiency

29.4%

EBIT / Capital

Dividend Yield Yield

0.03%

Face Value: ₹10

Debt / Equity Solvency

0.02x

Low Debt

EPS (TTM) Per Share

₹268.14

Trailing 12M

OPM (%) Spread

16.0%

EBITDA Margin

Free Cash Flow Cash

₹735.00 Cr

CFO - Capex

About HITACHI ENERGY INDIA Ltd

HITACHI ENERGY INDIA Ltd (POWERINDIA) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 11.5% × Turnover: 0.85x × Leverage: 1.02x = ROE: 21.9%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Company has a stellar track record of return on equity (ROE of 21.9%).

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 27.3x its book value.
• Commanding an elevated valuation multiple with P/E at 118.0x.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹9,162 Cr

Latest PAT

₹1,150 Cr

EPS (TTM)

₹268.14

OPM %

16.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹1,040 Cr	₹1,228 Cr	₹1,274 Cr	₹1,695 Cr	₹1,327 Cr	₹1,554 Cr	₹1,620 Cr	₹1,884 Cr	₹1,479 Cr	₹1,833 Cr	₹2,082 Cr	₹2,754 Cr	₹2,494 Cr
Operating Profit (EBITDA)	₹34.00 Cr	₹65.00 Cr	₹68.00 Cr	₹182.00 Cr	₹48.00 Cr	₹110.00 Cr	₹167.00 Cr	₹238.00 Cr	₹155.00 Cr	₹299.00 Cr	₹345.00 Cr	₹416.00 Cr	₹364.00 Cr
OPM %	3.2%	5.0%	5.0%	11.0%	3.6%	7.0%	10.0%	13.0%	10.0%	16.0%	17.0%	15.0%	15.0%
Interest Expense	₹11.00 Cr	₹11.00 Cr	₹14.00 Cr	₹11.00 Cr	₹11.00 Cr	₹16.00 Cr	₹12.00 Cr	₹6.00 Cr	₹4.00 Cr	₹3.00 Cr	₹3.00 Cr	₹3.00 Cr	₹3.00 Cr
Depreciation	₹22.00 Cr	₹22.00 Cr	₹23.00 Cr	₹23.00 Cr	₹22.00 Cr	₹23.00 Cr	₹23.00 Cr	₹23.00 Cr	₹25.00 Cr	₹26.00 Cr	₹27.00 Cr	₹27.00 Cr	₹28.00 Cr
Profit before Tax (PBT)	₹3.00 Cr	₹32.00 Cr	₹34.00 Cr	₹152.00 Cr	₹15.00 Cr	₹71.00 Cr	₹184.00 Cr	₹247.00 Cr	₹177.00 Cr	₹353.00 Cr	₹348.00 Cr	₹443.00 Cr	₹390.00 Cr
Net Profit (PAT)	₹2.00 Cr	₹25.00 Cr	₹23.00 Cr	₹114.00 Cr	₹10.00 Cr	₹52.00 Cr	₹137.00 Cr	₹184.00 Cr	₹132.00 Cr	₹264.00 Cr	₹261.00 Cr	₹330.00 Cr	₹294.00 Cr
EPS in ₹	₹0.57	₹5.84	₹5.42	₹26.82	₹2.46	₹12.34	₹32.41	₹41.26	₹29.52	₹59.31	₹58.65	₹74.14	₹65.99

Annual P&L (₹ Cr)	Dec 2019	Dec 2020	Dec 2021	Mar 2022 15m	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹3,236 Cr	₹3,420 Cr	₹3,771 Cr	₹4,884 Cr	₹4,469 Cr	₹5,237 Cr	₹6,385 Cr	₹8,148 Cr	₹9,162 Cr
Expenses	₹2,899 Cr	₹3,152 Cr	₹3,526 Cr	₹4,560 Cr	₹4,218 Cr	₹4,878 Cr	₹5,780 Cr	₹6,879 Cr	₹7,738 Cr
Operating Profit	₹337.00 Cr	₹269.00 Cr	₹244.00 Cr	₹323.00 Cr	₹250.00 Cr	₹359.00 Cr	₹605.00 Cr	₹1,268 Cr	₹1,424 Cr
OPM %	10%	8%	6%	7%	6%	7%	9%	16%	16%
Interest	₹28.00 Cr	₹38.00 Cr	₹32.00 Cr	₹53.00 Cr	₹54.00 Cr	₹57.00 Cr	₹54.00 Cr	₹28.00 Cr	₹12.00 Cr
Depreciation	₹48.00 Cr	₹77.00 Cr	₹81.00 Cr	₹95.00 Cr	₹80.00 Cr	₹90.00 Cr	₹91.00 Cr	₹104.00 Cr	₹108.00 Cr
Profit before Tax	₹221.00 Cr	₹136.00 Cr	₹206.00 Cr	₹277.00 Cr	₹131.00 Cr	₹222.00 Cr	₹516.00 Cr	₹1,321 Cr	₹1,534 Cr
Net Profit	₹165.00 Cr	₹100.00 Cr	₹152.00 Cr	₹203.00 Cr	₹94.00 Cr	₹164.00 Cr	₹384.00 Cr	₹988.00 Cr	₹1,150 Cr
EPS in Rs	39.02	23.55	35.80	47.99	22.16	38.64	86.15	221.63	258.09

Balance Sheet (₹ Cr)	Dec 2019	Dec 2020	Dec 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹8.00 Cr	₹8.00 Cr	₹0 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹9.00 Cr	₹9.00 Cr
Reserves & Surplus	₹831.00 Cr	₹924.00 Cr	₹0 Cr	₹1,124 Cr	₹1,207 Cr	₹1,351 Cr	₹4,205 Cr	₹5,167 Cr
Borrowings (Debt)	₹348.00 Cr	₹39.00 Cr	₹0 Cr	₹190.00 Cr	₹334.00 Cr	₹214.00 Cr	₹88.00 Cr	₹86.00 Cr
Total Liabilities	₹3,441 Cr	₹3,503 Cr	₹0 Cr	₹3,524 Cr	₹3,919 Cr	₹4,707 Cr	₹8,613 Cr	₹12,044 Cr
Fixed Assets	₹579.00 Cr	₹656.00 Cr	₹0 Cr	₹653.00 Cr	₹713.00 Cr	₹695.00 Cr	₹717.00 Cr	₹845.00 Cr
Total Assets	₹3,441 Cr	₹3,503 Cr	₹0 Cr	₹3,524 Cr	₹3,919 Cr	₹4,707 Cr	₹8,613 Cr	₹12,044 Cr

Cash Flows (₹ Cr)	Dec 2019	Dec 2020	Dec 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	-₹73.00 Cr	₹610.00 Cr	-₹127.00 Cr	-₹127.00 Cr	₹5.00 Cr	₹252.00 Cr	₹1,494 Cr	₹1,245 Cr
Cash from Investing (CFI)	-₹73.00 Cr	-₹89.00 Cr	-₹167.00 Cr	-₹167.00 Cr	-₹12.00 Cr	-₹89.00 Cr	-₹110.00 Cr	-₹271.00 Cr
Cash from Financing (CFF)	₹333.00 Cr	-₹390.00 Cr	₹61.00 Cr	₹61.00 Cr	₹84.00 Cr	-₹199.00 Cr	₹2,295 Cr	-₹91.00 Cr
Free Cash Flow (FCF)	-₹146.00 Cr	₹519.00 Cr	-₹294.00 Cr	-₹294.00 Cr	-₹7.00 Cr	₹163.00 Cr	₹1,366 Cr	₹735.00 Cr

Efficiency Ratios	Dec 2019	Dec 2020	Dec 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	201	168	0	106	125	106	90	86
Inventory Days	102	103	0	93	110	101	91	119
Cash Conversion Cycle (Days)	18	-57	0	-14	31	2	-20	-42
ROCE %	0%	19%	0%	26%	13%	18%	19%	29%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹4,095.23 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹29,100.00

DCF Fair Value

₹4,095.23

Graham Number

₹2,646.60

Margin of Safety

-88.2%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹4,095.23

Premium / Overvalued (Margin: -88.2%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹3,985	₹3,949	₹3,913	₹3,878
10%	₹4,059	₹4,022	₹3,986	₹3,950
12%	₹4,133	₹4,095	₹4,058	₹4,022
14%	₹4,207	₹4,168	₹4,131	₹4,094

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹4,095	Fairly Valued
Benjamin Graham Number	₹2,647	Market Priced
Historical Sector P/E	₹5,899	Premium
EV / EBITDA Multiplier	₹30,555	In-Line
Free Cash Flow Yield Model	₹28,518	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 8/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

8 / 9 Pass

Altman Z-Score

5.71 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.02x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 16.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

71.31%

FIIs (Foreign)

12.44%

DIIs (Domestic)

6.32%

Government

0.15%

Public / Retail

9.91%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	71.31%	71.31%	71.31%	71.31%	71.31%	71.31%
+ FIIs (Foreign Portfolio)	4.32%	4.06%	3.48%	5.02%	5.10%	4.52%	4.96%	7.19%	9.67%	10.69%	11.68%	12.44%
+ DIIs (Mutual Funds / Insurance)	8.02%	8.49%	9.70%	8.53%	8.98%	9.20%	12.34%	10.27%	7.92%	7.17%	6.95%	6.32%
+ Public (Retail & HNIs)	12.63%	12.44%	11.81%	11.44%	10.90%	11.26%	11.39%	11.20%	11.09%	10.81%	10.07%	9.91%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Power & Utilities.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

POWERINDIA Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

POWERINDIA Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

POWERINDIA Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹37,248.00

Accelerated market share capture in Power & Utilities, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹32,592.00

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 118x P/E.

🐻 Bear Case (15%) -12.0%

₹25,608.00

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Power & Utilities)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:44 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ HITACHI ENERGY INDIA Ltd (POWERINDIA)	Target Stock	₹29,100.00	+3.37%	118.0x	21.9%	29.4%	0.02	₹1.41 Lakh Cr
SOLAR INDUSTRIES (I) Ltd (SOLARINDS)	Power & Utilities Operations	₹18,971.00	-0.28%	88.2x	32.6%	38.1%	0.24	₹1.76 Lakh Cr
Tata Power Company Ltd (TATAPOWER)	Renewables, EV Charging & Transmission	₹360.00	+0.00%	28.6x	10.2%	10.5%	1.93	₹1.12 Lakh Cr
JSW ENERGY Ltd (JSWENERGY)	Power & Utilities Operations	₹519.50	-0.70%	44.3x	7.5%	8.2%	2.50	₹88,924 Cr
NTPC GREEN ENERGY Ltd (NTPCGREEN)	Power & Utilities Operations	₹83.60	+1.35%	125.0x	2.8%	3.6%	1.67	₹75,896 Cr
NHPC Ltd (NHPC)	Hydroelectric & Renewable Power	₹77.90	-3.10%	19.0x	9.3%	5.8%	1.26	₹72,073 Cr
TORRENT POWER Ltd (TORNTPOWER)	Power & Utilities Operations	₹1,239.80	+0.31%	27.0x	12.5%	13.7%	0.73	₹62,630 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:44:19 IST	✓ Live Sync
Financial Statements (10Y)	HITACHI ENERGY INDIA Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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HITACHI ENERGY INDIA Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About HITACHI ENERGY INDIA Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Power & Utilities)

Metric Explainer

Stock DNA Methodology

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