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, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Industrials · IN · Market cap ₹1.4T (≈ $15.2B) · ISIN INE07Y701011
At a glance
HEHitachi Energy India LimitedPOWERINDIA · NSE
Price₹31,135
Fair Value₹6,106
Upside−80.4% ⚠
Quality58/100
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
A solid business, but trading 410% above our fair value of ₹6,106.
As of Aug 21, 2026, the fair value of Hitachi Energy India Limited is ₹6,106 per share against a price of ₹31,135, so the fair value sits 80% below the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +19.0 %/yr)
✓Solidly profitable · 12.1% net margin
✓generates free cash flow
!Mixed vs. peers (7/12)
!Moderate moat 63/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 1 out of 100
Evidence: LowRange ₹4,365 to ₹8,829
Fair value as of: Aug 21, 2026
From 26 valuation models · updated 19 days ago
Share price −4.5% over the past month.
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What matters now
The price sits above even our optimistic bull case (₹8,829). The favourable scenario is already priced in.
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range ₹1,702 – ₹38,445 · fair‑value band ₹4,365 – ₹8,829 · the ₹31,135 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 21, 2026.
Hitachi Energy India Limited (POWERINDIA) currently trades at ₹31,135, while our model-based Fair Value estimate is ₹6,106, implying the stock looks roughly 409.9% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. 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 ₹31,135 price. Bear case: the Asset-Based group reads lowest at ₹778.04, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
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 21, 2026
Scenario range: ₹4,365 (bear) to ₹8,829 (bull), the price of ₹31,135 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a 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 20% below its 52-week high and 93% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −80%, POWERINDIA screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (₹147.21 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
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.
ModelBear ⓘ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
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Key figures & financial health
P/E ratio140.7
P/S ratio17.1P/E × margin
EPS (TTM)₹221.22price ÷ EPS = P/E 140.7
Dividend yield0.0%payout 3.6%
Net margin12.1%FY2025
Return on equity21.0%TTM
More key figures
Profitability
Return on assets (EBIT)23.0%avg 5y
Operating margin15.3%TTM
Growth
Revenue (TTM)₹81.5BTTM
Revenue growth (YoY)+46.2%3y avg +22.2%
EPS growth (YoY)+71.8%
Balance sheet & cash flow
Free cash flow₹9.7BFY2025
Net cash₹46.0BFY2025
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality58/100
Of which business quality 60
· Market factors (momentum, volatility) 72
Profitability53
Margins and returns on capital today
Quality Growth61
Are margins and returns improving?
Cashflow60
Earnings quality: real cash, not paper profit
Fin. Strength92
Balance sheet, leverage, solvency risk
Investment26
Disciplined investing over empire-building
Low Volatility67
Calm price path (market factor)
Momentum70
Price trend over the last 3–12 months (market factor)
52W Momentum83
Distance to the 52-week high (market factor)
Net Issuance49
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y, in INR) ⓘEarnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. 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 yield: the value created per share and year.
Earnings growth per share+2.1%
Dividend yield0.0%
Worst earnings drop43% (2022) · in INR
⚠ Final year 2025 sits 474% above trend (one-off), rate on operating basis
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
Peer Group
Electrical Equipment & Parts · 544 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.
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 Multiples vs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)140.7× · Priciest 25%
P/B27.94× · Priciest 25%
P/S (TTM)17.75× · Priciest 25%
P/FCF1.6× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Hitachi Energy India Limited deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+36.5 % per year
Achieved revenue growth, 5 years+19.0 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price0.70 %
Discount rate (WACC) in the models10.5 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 56
PAST84· sector 26
HEALTH0· sector 97
DIVIDEND1· sector 22
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
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
Is Hitachi Energy India Limited (POWERINDIA) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ₹6,106 versus a price of ₹31,135, about −80% upside (overvalued).
What is the fair value of POWERINDIA?
Our model-based fair value for Hitachi Energy India Limited is ₹6,106 (as of Aug 21, 2026), built from audited fundamentals. The current price: ₹31,135.
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 ₹6,106 (as of Aug 21, 2026) from 26 valuation models. Cautious scenario ₹4,365, optimistic scenario ₹8,829. 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 ₹6,106, about −80% upside versus a price of ₹31,135 (overvalued). Cautious scenario ₹4,365, optimistic scenario ₹8,829. 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 Aug 21, 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 0.03% relative to its recent price (as of Aug 21, 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 +36.5 % per year for ten years (discount rate 10.5 %, then 2 % perpetual growth). Over the last 5 years revenue grew +19.0 % per year. As of Aug 21, 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 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 ₹6,106 per share (as of Aug 21, 2026), against a price of ₹31,135. 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 Aug 21, 2026, POWERINDIA trades above its calculated fair value: price ₹31,135, fair value ₹6,106, a gap of about −80% (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 (₹31,135); the fair value is what the company's own numbers justify (₹6,106). For Hitachi Energy India Limited the two are ₹25,029 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 Aug 21, 2026). Per share that is ₹31,135; our models calculate a fair value of ₹6,106 per share.
What do the bullish and bearish scenarios say about POWERINDIA?
Our models span a range for Hitachi Energy India Limited: cautious scenario ₹4,365, base ₹6,106, optimistic ₹8,829 per share (as of Aug 21, 2026, price ₹31,135). 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 140.7 (as of Aug 21, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹6,106 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 Aug 21, 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 ₹31,135, about 20% below its 52-week high of ₹38,785 and 93% above the low of ₹16,111 (as of Aug 21, 2026). Distance from the high says nothing about value: that is what the fair value of ₹6,106 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 Aug 21, 2026: price ₹31,135, calculated fair value ₹6,106 (−80%), 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 ₹6,106, with the spread shown as a cautious and an optimistic scenario.
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