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Hitachi Energy India Limited (POWERINDIA) Fair Value & Analysis

Industrials · IN · Market cap ₹1.4T

HE Hitachi Energy India Limited POWERINDIA · NSE
Price₹35,700
Fair Value₹6,106
Upside-82.9%
Quality58/100
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Healthy Growth
Solidly profitable · 12.1% net margin
generates free cash flow
Mixed vs. peers (7/12)
Moderate moat 63/100
Evidence: High Range ₹4,365 – ₹8,829 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from ₹4,433 to ₹6,106 (+37.8%) since Jul 20, 2026. Share price +5.1% over the past month.

A solid business, but screening 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹8,829). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹4,365 to ₹8,829) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹38,445 ₹1,515 Fair Value ₹6,106 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹1,515 – ₹38,445 · fair‑value band ₹4,365 – ₹8,829 · the ₹35,700 price screens above the ₹6,106 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Hitachi Energy India Limited (POWERINDIA) currently trades at ₹35,700, while our model-based Fair Value estimate is ₹6,106, implying the stock looks roughly 82.9% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Hitachi Energy India Limited generated revenue of ₹81.5B at a net margin of 12.1%. Revenue grew 46.2% year over year. It earns a return on equity of 21.0%. The balance sheet holds a net cash position of ₹46.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹4,365 (bear case) to ₹8,829 (bull case); at ₹35,700, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 8% below its 52-week high and 122% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -55% fair-value upside, at -83%, POWERINDIA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹102.85 to ₹10,510). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹1,583 ₹2,253 ₹13,054 76
Growth DCF ₹4,509 ₹8,120 ₹15,318 72
Gordon GGM ₹57.51 ₹125.56 ₹211.26 70
All 26 models by family
DCF Models
FCF DCF ₹4,667 ₹7,302 ₹15,064 38
Owner Earnings ₹3,228 ₹6,151 ₹12,561 31
5Y Revenue Exit ₹3,841 ₹6,185 ₹10,734 39
5Y EBITDA Exit ₹4,767 ₹8,193 ₹14,452 41
5Y P/E Exit ₹5,378 ₹10,271 ₹16,588 38
10Y Revenue Exit ₹3,976 ₹6,947 ₹10,498 36
10Y EBITDA Exit ₹4,743 ₹8,737 ₹16,034 37
10Y P/E Exit ₹5,184 ₹9,920 ₹18,118 35
Earnings-Based
Graham-Dodd ₹1,507 ₹10,510 ₹14,749 54
Lynch FV ₹3,109 ₹4,441 ₹5,774 50
PEG = 1.0 ₹3,109 ₹4,441 ₹5,774 46
EPV ₹2,890 ₹3,214 ₹3,502 59
Dividend Discount
Gordon GGM ₹57.51 ₹125.56 ₹211.26 70
DDM Multi-Stage ₹57.51 ₹102.85 ₹130.85 61
Multiples
P/E Multiple ₹4,654 ₹6,206 ₹7,757 63
P/S Multiple ₹2,826 ₹3,768 ₹4,710 58
P/B Multiple ₹2,826 ₹3,768 ₹4,710 55
EV/EBIT ₹5,705 ₹7,256 ₹8,806 53
EV/EBITDA ₹4,857 ₹6,126 ₹7,394 54
EV/Revenue ₹3,404 ₹4,412 ₹5,420 43
Asset-Based
NCAV (Graham) ₹580.62 ₹778.04 ₹1,161 50
Growth DCF
Growth DCF ₹4,509 ₹8,120 ₹15,318 72
Rev-Margin DCF ₹3,841 ₹6,479 ₹10,412 67
Economic Profit
Residual Income ₹1,583 ₹2,253 ₹13,054 76
ROIC Compounder ₹3,000 ₹3,484 ₹4,025 67
Growth Earnings
Growth-Adj P/E ₹4,859 ₹6,941 ₹9,024 68

Widest divergence: DCF Models (₹7,302) versus Dividend Discount (₹102.85). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹81.5B
Revenue growth (YoY) +46.2%
Net margin 12.1%
Return on equity 21.0%
Free cash flow ₹9.7B FY2025
P/E ratio 161.4
More key figures
Operating margin 15.3%
EPS (TTM) ₹221.22
Dividend yield 0.0%
EPS growth (YoY) +71.8%
Net cash ₹46.0B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 60 · Market factors (momentum, volatility) 82

Profitability 53
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 49
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Hitachi Energy India Limited offers products, projects, and services for electricity transmission and related activities in India and internationally.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hitachi Energy India Limited reported revenue of ₹81.5B in FY2025 versus ₹38.7B in FY2021, a compound +20.5%/yr. Reported net income was ₹9.9B in FY2025, compounding +56.7%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹81.5B
Latest YoY
+27.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.0%
Avg. growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.1%
Revenue +20.5%/yr
FY21 ₹38.7B
FY22 ₹44.7B
FY23 ₹52.4B
FY24 ₹63.8B
FY25 ₹81.5B
Net income +56.7%/yr
FY21 ₹1.6B
FY22 ₹939M
FY23 ₹1.6B
FY24 ₹3.8B
FY25 ₹9.9B

POWERINDIA screens 83% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Hitachi Energy India Limited Fair Value". https://www.fairvalue-calculator.com/stock/POWERINDIA

Peer Group

Electrical Equipment & Parts · 525 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 46% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 161.4× · Pricier than 75% of peers
P/B 27.94× · Pricier than 75% of peers
P/S (TTM) 17.75× · Pricier than 75% of peers
P/FCF 1.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 57
PAST 84 · sector 27
HEALTH 0 · sector 97
DIVIDEND 0 · sector 20

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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WEG S.A WEGE3 14,900 ARS 4,338 ARS -71%
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HD Hyundai Electric Co 267260 782,000 KRW 371,133 KRW -53%
LS ELECTRIC Co 010120 208,500 KRW 29,594 KRW -86%
Hyosung Heavy Industries Corporation 298040 2,892,000 KRW 1,013,099 KRW -65%
Polycab India Limited POLYCAB ₹9,289 ₹3,218 -65%
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Frequently asked questions

Is Hitachi Energy India Limited (POWERINDIA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹6,106 versus a price of ₹35,700, about −83% (overvalued).
What is the fair value of POWERINDIA?
Our model-based fair value for Hitachi Energy India Limited is ₹6,106 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹35,700.
What is the quality score of POWERINDIA?
Hitachi Energy India Limited has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Hitachi Energy India Limited (POWERINDIA)?
Hitachi Energy India Limited reported trailing-twelve-month revenue of about ₹81.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of POWERINDIA?
The net profit margin of Hitachi Energy India Limited is about 12.1%, meaning it keeps roughly 12.1% of revenue as net income. Based on the latest reported figures.
Does Hitachi Energy India Limited pay a dividend?
Hitachi Energy India Limited currently shows a dividend yield of about 0.02% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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