Hitachi Energy India Limited (POWERINDIA) fair value: what the stock is really worth
We calculate from audited financials what Hitachi Energy India Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ₹1,774 – ₹38,445 · fair‑value band ₹15,712 – ₹32,486 · the ₹31,870 price screens above the ₹22,837 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Hitachi Energy India Limited offers products, projects, and services for electricity transmission and related activities in India and internationally.
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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.
Stock analysis
Hitachi Energy India Limited (POWERINDIA) currently trades at ₹31,870, while our model-based Fair Value estimate is ₹22,837, implying the stock looks roughly 39.5% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹7,302 per share, and 0 of the 26 models we run sit above the ₹31,870 price.
Bear case: the Multiples group reads lowest at ₹4,412, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹15,712 (bear) to ₹32,486 (bull), the price of ₹31,870 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap ₹1.4T (≈ $14.9B) · P/E ratio 144.1 · P/S ratio 17.5 · EPS (TTM) ₹221.22 · Dividend yield 0.0% · Net margin 12.1% · Return on equity 21.0% · Return on assets (EBIT) 23.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
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 18% below its 52-week high and 98% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −28%, POWERINDIA screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹102.85 to ₹10,510). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹15,712Fair Value ₹22,837Bull ₹32,486
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (₹154.80 per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+27.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+22.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+19.0%
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.1%
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +2.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.1%
Dividend (yield on the price)0.0%
⚠ Rate on operating basis: 2025 sits 474% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+51.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+27.2%
Yearly sales growth analysts expect, extended to five years.
Compare Hitachi Energy India Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Electrical Equipment & Parts · 546 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−81% · Bottom 25%
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)12% · Top 25%
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth46% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)144.1× · Priciest 25%
P/B27.94× · Priciest 25%
P/S (TTM)17.75× · Priciest 25%
P/FCF1.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 57
PAST (return on equity)84· sector 26
HEALTH (low debt)0· sector 97
DIVIDEND (yield)1· sector 21
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hitachi Energy India Limited Fair Value". https://www.fairvalue-calculator.com/stock/POWERINDIA
Frequently asked questions
Is Hitachi Energy India Limited (POWERINDIA) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ₹22,837 versus a price of ₹31,870, about −28% upside (overvalued).
What is the fair value of POWERINDIA?
Our model-based fair value for Hitachi Energy India Limited is ₹22,837 (as of Sep 18, 2026), built from audited fundamentals. The current price: ₹31,870.
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 price target for Hitachi Energy India Limited (POWERINDIA)?
Our model-based price target is the fair value of ₹22,837 (as of Sep 18, 2026) from 26 valuation models. Cautious scenario ₹15,712, optimistic scenario ₹32,486. It is a calculation from audited fundamentals, not an analyst target.
What is the Hitachi Energy India Limited stock forecast for 2026?
Our models put fair value at ₹22,837, about −28% upside versus a price of ₹31,870 (overvalued). Cautious scenario ₹15,712, optimistic scenario ₹32,486. The calculation is refreshed regularly with new filings.
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 Sep 18, 2026).
Does Hitachi Energy India Limited pay a dividend?
Hitachi Energy India Limited currently shows a dividend yield of about 0.03% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Hitachi Energy India Limited (POWERINDIA)?
For today's price to be fair in a discounted-cash-flow model, Hitachi Energy India Limited would have to grow free cash flow by +51.8 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.0 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of POWERINDIA use?
Our models discount Hitachi Energy India Limited at 10.5 %: a base by market capitalisation (large), damped by beta 0.53, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hitachi Energy India Limited that is +51.8 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Hitachi Energy India Limited (POWERINDIA) delivered so far?
Over the past 5 years revenue at Hitachi Energy India Limited grew +19.0 % a year. The price currently implies +51.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hitachi Energy India Limited (POWERINDIA) growing?
The median revenue growth in the sector is +8.0 % a year. That is the yardstick for the growth priced into Hitachi Energy India Limited (+51.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hitachi Energy India Limited (POWERINDIA)?
The free-cash-flow yield on the price is 0.66 %: that much free cash flow Hitachi Energy India Limited produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hitachi Energy India Limited (POWERINDIA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hitachi Energy India Limited it is ₹22,837 per share (as of Sep 18, 2026), against a price of ₹31,870. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Hitachi Energy India Limited stock overvalued or undervalued in 2026?
As of Sep 18, 2026, POWERINDIA trades above its calculated fair value: price ₹31,870, fair value ₹22,837, a gap of about −28% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of POWERINDIA?
No. The price is what the market pays today (₹31,870); the fair value is what the company's own numbers justify (₹22,837). For Hitachi Energy India Limited the two are ₹9,033 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hitachi Energy India Limited worth?
The market values Hitachi Energy India Limited at about ₹1.4T (market capitalisation, as of Sep 18, 2026). Per share that is ₹31,870; our models calculate a fair value of ₹22,837 per share.
What do the bullish and bearish scenarios say about POWERINDIA?
Our models span a range for Hitachi Energy India Limited: cautious scenario ₹15,712, base ₹22,837, optimistic ₹32,486 per share (as of Sep 18, 2026, price ₹31,870). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of POWERINDIA?
Hitachi Energy India Limited trades at a price-to-earnings ratio of 144.1 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹22,837 is built from several models across several years. Other multiples: P/B 27.9, P/S 17.7.
How solid is the balance sheet of Hitachi Energy India Limited (POWERINDIA)?
Balance-sheet figures for Hitachi Energy India Limited (as of Sep 18, 2026): return on equity 21.0%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is POWERINDIA from its 52-week high?
Hitachi Energy India Limited trades at ₹31,870, about 18% below its 52-week high of ₹38,785 and 98% above the low of ₹16,111 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ₹22,837 is for.
Which stocks are comparable to Hitachi Energy India Limited?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hitachi Energy India Limited stock attractive at the current price?
The data as of Sep 18, 2026: price ₹31,870, calculated fair value ₹22,837 (−28%), Quality Score 58/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of POWERINDIA calculated?
We run Hitachi Energy India Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹22,837, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Hitachi Energy India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hitachi Energy India Limited (POWERINDIA)?
The closing price on Sep 21, 2026 was ₹31,870. Our model-based fair value is ₹22,837, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hitachi Energy India Limited right now?
Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹15,712 to ₹32,486) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Hitachi Energy India Limited
How large is the market capitalisation of Hitachi Energy India Limited (POWERINDIA)?
The market capitalisation of Hitachi Energy India Limited is ₹1.4T (≈ $14.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hitachi Energy India Limited (POWERINDIA)?
The price-to-sales ratio of Hitachi Energy India Limited is 17.5 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hitachi Energy India Limited (POWERINDIA)?
Earnings per share at Hitachi Energy India Limited are ₹221.22 (price ÷ EPS = P/E 144.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hitachi Energy India Limited (POWERINDIA)?
The dividend yield of Hitachi Energy India Limited is 0.0% (payout 3.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hitachi Energy India Limited (POWERINDIA)?
The net margin of Hitachi Energy India Limited is 12.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hitachi Energy India Limited (POWERINDIA)?
The return on equity (ROE) of Hitachi Energy India Limited is 21.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hitachi Energy India Limited (POWERINDIA)?
On an EBIT basis the return on assets of Hitachi Energy India Limited is 23.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hitachi Energy India Limited (POWERINDIA)?
The operating margin of Hitachi Energy India Limited is 15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hitachi Energy India Limited (POWERINDIA)?
Revenue at Hitachi Energy India Limited is growing +46.2% versus a year earlier (3y avg +22.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hitachi Energy India Limited (POWERINDIA)?
Earnings per share at Hitachi Energy India Limited are growing +71.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hitachi Energy India Limited (POWERINDIA) hold?
Hitachi Energy India Limited holds more cash than debt, ₹46.0B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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