Hitachi Energy India Limited

BSE: 543187 NSE: POWERINDIA
Hitachi Energy India Limited - environment in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
CIN L31904KA2019PLC121597 Incorporated 19 February 2019 ROC Bangalore HQ Bengaluru, Karnataka, India
Active Listed - NSE: POWERINDIA · BSE: 543187 Public Limited Company environment Fortune India 500 · #376 Nifty 500
Market Cap
₹1,29,706 Cr
POWERINDIA · NSE
Share Price
₹28,615.00
-1.67% today
Revenue
₹8,148 Cr
FY 2025-26 · +27.6% YoY
EBITDA
₹1,213 Cr
Margin 14.9%
Net Profit
₹1,029 Cr
FY 2025-26 · +167.6% YoY
P/E (TTM)
105.3x
P/B 24.2x
ROE
21.0%
ROCE 27.9%
Debt / Equity
0.02
Interest cover 2.5x

About Hitachi Energy India Limited

Data last updated:

Hitachi Energy India Limited is a public limited company based in Bengaluru, Karnataka, India, a subsidiary of Hitachi Energy Ltd. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 19 February 2019 and has been in existence for over 7 years.

Hitachi Energy India is ranked #376 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L31904KA2019PLC121597. Its GSTIN is 29AARCA9513E1ZD (Karnataka). The company holds 23 GST registrations, of which 18 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543187 and NSE: POWERINDIA.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.91 Cr. It was formerly known as Abb Power Products and Systems India Limited. It is led by directors including Venu Nuguri (Managing Director) and Meena Ganesh.

Its last annual general meeting (AGM) was held on 20 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 8th Floor Brigade Opus 70/401 Kodigehalli Main Road, Bengaluru, Karnataka, India – 560092.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹8,147.71 Cr, a growth of 27.6% compared to the previous year. For the same year it recorded a net profit of ₹1,028.64 Cr (net margin 12.6%) and EBITDA of ₹1,212.99 Cr (EBITDA margin 14.9%). The net worth stands at ₹5,175.96 Cr (up 22.8% YoY). Total assets are valued at ₹5,369.81 Cr (up 24.5% YoY).

The company has about 3,641 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Hitachi Energy. Court records list 64 cases involving the company, including 45 filed by the company and 19 filed against it; 13 cases are pending. The company has 7 deals on record (5 market trades, 1 secondary share transfer, 1 qip); the latest was in October 2025. Its 3 peer companies in the Cleantech industry (Energy Solutions, Power Equipment Manufacturers), with the same principal business activity (manufacture of electrical equipment) are compared by revenue, 2 larger and 1 smaller; the largest is CG Power and Industrial Solutions Limited with revenue of ₹8,152.24 Cr. The company has 22 MSME Form 1 returns on record between 2019 and 2024, listing 10,559 overdue payments to 450 micro and small suppliers.

For more details, the company can be reached via its website hitachienergy.com.

Company details

CIN L31904KA2019PLC121597
Registration Number 121597
Incorporation Date 19 February 2019
ROC Bangalore
Listing Status Listed - Listed on NSE (POWERINDIA); Listed on BSE (543187)
Company Status Active
Parent Company Hitachi Energy Ltd

CIN history

Hitachi Energy India has one previous CIN (Corporate Identification Number): U31904KA2019PLC121597. The current CIN is L31904KA2019PLC121597, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L31904KA2019PLC121597Current
U31904KA2019PLC121597Previous
Key People
Venu Nuguri Managing Director Ajay Singh Cfo Meena Ganesh Director

Recognitions & Rankings of Hitachi Energy India

Fortune India 500 2025 edition
Rank#376
Total income
₹6,436 Cr
Profit
₹384 Cr
Last year #407
Stock market indices
Nifty 500 BSE 500

Contact details

Hitachi Energy India Limited's registered office is in Bengaluru, Karnataka. Its website is hitachienergy.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    hitachienergy.com
  • Social Media
  • Registered Address
    8th Floor Brigade Opus 70/401 Kodigehalli Main Road, Bengaluru, Karnataka, India – 560092
  • Industry
    Environment, Clean Energy Solutions

To see the full contact details of Hitachi Energy India Limited, buy the company report.

Comprehensive company report
Hitachi Energy India Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Hitachi Energy India operates one associated brand: Hitachi Energy. Each brand links to its own profile.

BrandDescriptionWebsite
Hitachi Energy
Provider of renewable energy and electricity distribution serviceshitachienergy.com

Business activity

The main business activity of Hitachi Energy India is manufacturing. In detail, this covers manufacture of electrical equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing27Manufacture of electrical equipment

To see the full business activity and turnover split of Hitachi Energy India Limited, buy the company report.

Financials of Hitachi Energy India Limited

FY 2025-26 filings available

Hitachi Energy India Limited reported revenue of ₹8,147.71 Cr (up 27.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹8,148 Cr
+27.6% YoY
EBITDA
₹1,213 Cr
+100.6% YoY
Profit After Tax
₹1,029 Cr
+167.6% YoY
Net Worth
₹5,176 Cr
+22.8% YoY
Total Assets
₹5,370 Cr
+24.5% YoY
Total Debt
₹86.10 Cr
-2.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22Dec 2020Dec 2019
Income statement
Revenue8,1486,3855,2374,4694,8843,4203,236
Revenue growth+27.6%+21.9%+17.2%-8.5%-+5.7%-
EBITDA1,213605359250322232296
EBITDA margin+14.9%+9.5%+6.9%+5.6%+6.6%+6.8%+9.2%
Profit before tax1,321516222131277136221
Net profit1,02938416494.23180120195
Net profit margin+12.6%+6.0%+3.1%+2.1%+3.7%+3.5%+6.0%
EPS (₹)221.4986.0938.6322.1538.3823.5439.01
Balance sheet
Total assets5,3704,3121,5781,5521,326--
Net worth5,1764,2141,3601,2151,132--
Total debt86.1088.45214334190--
Cash & bank4,6893,80712816385.94--
Net working capital3,6843,279699705483--
Cash flow
Cash from operations1,2451,4942525.37(127)--
Cash from investing(271)(110)(88.72)(11.77)(167)--
Cash from financing(90.85)2,295(199)83.6960.59--
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,4942,7542,0821,8331,4791,8841,6201,554
Revenue growth (YoY)+68.6%+46.2%+28.5%+17.9%+11.4%---
Other income57.7457.3785.8082.6050.9438.1752.110.09
Total expenses2,1302,3381,7911,5341,3241,6461,4531,444
EBITDA364416291299155238167110
EBITDA margin+14.9%+15.4%+14.4%+17.0%+10.8%+12.9%+10.5%+7.3%
Depreciation28.4626.8626.5625.8225.0123.4822.9922.83
Interest3.283.442.532.863.955.9911.9716.39
Profit before tax39044334835317724718470.61
Tax95.3611386.3688.5545.2862.7846.6818.32

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,4942,7542,0821,8331,4791,8841,6201,554
Revenue growth (YoY)+68.6%+46.2%+28.5%+17.9%+11.4%---
Other income57.7457.3785.8082.6050.9438.1752.110.09
Total expenses2,1302,3381,7911,5341,3241,6461,4531,444
EBITDA364416291299155238167110
EBITDA margin+14.9%+15.4%+14.4%+17.0%+10.8%+12.9%+10.5%+7.3%
Depreciation28.4626.8626.5625.8225.0123.4822.9922.83
Interest3.283.442.532.863.955.9911.9716.39
Profit before tax39044334835317724718470.61
Tax95.3611386.3688.5545.2862.7846.6818.32
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22Dec 2020Dec 2019
Revenue8,1486,3855,2374,4694,8843,4203,236
Revenue growth+27.6%+21.9%+17.2%-8.5%-+5.7%-
Other income24057.179.2915.1410318.500.47
Total expenses6,9355,7804,8784,2194,5623,1882,940
Employee cost643545490417487369255
EBITDA1,213605359250322232296
EBITDA margin+14.9%+9.5%+6.9%+5.6%+6.6%+6.8%+9.2%
Depreciation10491.3590.0180.1695.4677.1748.41
Interest27.7454.2056.6154.1452.7937.5527.77
Profit before tax1,321516222131277136221
Tax33313257.9236.9273.1936.4855.26
Net profit1,02938416494.23180120195
Net profit margin+12.6%+6.0%+3.1%+2.1%+3.7%+3.5%+6.0%
EPS (₹)221.4986.0938.6322.1538.3823.5439.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22Dec 2020Dec 2019
Equity & liabilities
Share capital8.928.928.488.488.48--
Reserves & surplus5,1674,2051,3511,2071,124--
Shareholders' funds (net worth)5,1764,2141,3601,2151,132--
Secured loans0.000.000.000.000.00--
Unsecured loans86.1088.45214334190--
Total debt86.1088.45214334190--
Total liabilities5,3704,3121,5781,5521,326--
Assets
Gross block1,5161,2931,2021,1491,024--
Net block845717695713653--
Capital work in progress19290.1962.5748.67118--
Investments0.000.000.000.000.00--
Inventories1,485926888818707--
Sundry debtors1,9131,5801,5221,5281,419--
Cash & bank balances4,6893,80712816385.94--
Loans & advances2,2701,2691,291563469--
Total current assets10,3587,5813,8293,0722,681--
Total current liabilities6,6744,3023,1302,3672,198--
Net working capital3,6843,279699705483--
Total assets5,3704,3121,5781,5521,326--
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22Dec 2020Dec 2019
Opening cash3,80712816385.90319--
Net cash from operating activities1,2451,4942525.37(127)--
Net cash from investing activities(271)(110)(88.72)(11.77)(167)--
Net cash from financing activities(90.85)2,295(199)83.6960.59--
Net change in cash8833,679(35.15)77.29(233)--
Closing cash4,6893,80712816385.94--
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22Dec 2020Dec 2019
Growth
Sales growth+27.6%+21.9%+17.2%-8.5%-+5.7%-
EBITDA growth+100.6%+68.5%+43.6%-22.4%--21.6%-
PBT growth+155.8%+132.9%+69.5%-40.9%+62.4%-38.2%+9997.0%
Net income growth+167.6%+134.4%+74.1%-47.6%--38.4%-
Revenue CAGR (3Y)+22.2%+9.3%+14.0%+10.4%---
EBITDA CAGR (3Y)+69.3%+23.4%+14.3%-5.1%---
Profitability & leverage
Net income margin+12.1%+6.0%+3.1%+2.1%+4.2%+2.9%+5.1%
Return on capital employed+27.9%+19.4%+17.8%+12.9%+20.5%+19.4%+24.4%
Return on net worth+21.0%+13.8%+12.7%+8.0%+13.9%+13.5%+23.2%
Debt / equity0.020.050.210.220.110.220.41
Long-term debt / equity0.010.020.040.040.040.020.00
Interest cover2.5010.5621.0431.8823.3024.1711.20
Efficiency & per share
Fixed asset turnover5.805.124.454.113.973.924.05
Inventory turnover6.767.046.145.866.506.926.56
Debtors turnover4.674.123.443.032.612.041.82
EPS (₹)221.4986.0938.6322.1538.3823.5439.01
Dividend per share (₹)8.006.004.003.403.002.000.00
Book value per share (₹)1,160.53944.87320.72286.63267.07219.93198.07

To see the full year-wise statements and ratios of Hitachi Energy India Limited, buy the company report.

Board of directors and KMP of Hitachi Energy India Limited

Hitachi Energy India Limited currently reports 7 directors and 2 key managerial personnel. 5 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Meena Ganesh
Also directs: Vriksha Realtors LLP, Orkla India Limited, Pidilite Industries Limited and 5 more
Director24 May 20233 Years 5 MonthsCurrent
Venu Nuguri
Also directs: Hitachi India Private Limited, Hitachi Energy Technology Services Private Limited, Swedish Chamber of Commerce India
Managing Director02 Dec 20196 Years 11 MonthsCurrent
Akila Krishnakumar
Also directs: Matrimony.Com Limited, Indusind Bank Ltd., TTK Prestige Limited and 1 more
Director24 Dec 20196 Years 10 MonthsCurrent
Achim Michael BraunDirector25 Feb 20215 Years 8 MonthsCurrent
Ismo Antero HakaDirector25 Feb 20215 Years 8 MonthsCurrent
Mukesh Hari Butani
Also directs: United Spirits Limited, Bata India Ltd, Dabur India Limited and 4 more
Director24 Dec 20196 Years 10 MonthsCurrent
Showing 6 of 9 current directors and KMP. View all directors and KMP

Peer comparison

Hitachi Energy India Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Energy Solutions, Power Equipment Manufacturers), with the same principal business activity (manufacture of electrical equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
CG Power and Industrial Solutions Limited₹8,152.24 Cr (FY 2024)16.0%Mumbai, Maharashtra, India
Hitachi Energy India Limitedthis company₹8,147.71 Cr (FY 2026)₹1,028.64 Cr12.6%27.6%3,641Bengaluru, Karnataka, India
Mundra Solar PV Limited₹6,488.37 Cr (FY 2025)99.0%Ahmedabad, Gujarat, India
Envision Energy India Private Limited₹6,048.48 Cr (FY 2025)18.0%Bangalore, Karnataka, India

To see the full peer comparison of Hitachi Energy India Limited, buy the company report.

Auditor

Hitachi Energy India Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
S.R. Batliboi & Associates LLPFY 2025101049W/E300004

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 71.30%, foreign institutional investors hold 12.40%, domestic institutional investors hold 6.40% and retail and other public shareholders hold 9.90%.

Promoters: 71.30%DII (Domestic Institutional): 6.40%FII (Foreign Institutional): 12.40%Retail & Others: 9.90%
Sep 2026
QUARTER
71.30% Promoters
6.40% DII (Domestic Institutional)
12.40% FII (Foreign Institutional)
9.90% Retail & Others
Promoter holding - history
Now 71.30% · Sep 2026High 71.30% · Dec 2025Low 71.30% · Dec 2025
70%70.8%71.5%72.3%73%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 71.30%Mar 2026: 71.30%Jun 2026: 71.30%Sep 2026: 71.30%71.30%71.30%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters71.30%71.30%71.30%71.30%
Public28.70%28.70%28.70%28.70%

Deals & funding

Hitachi Energy India Limited has 7 deals on record (5 market trades, 1 secondary share transfer, 1 qip); the latest was in October 2025.

Total deals
7
Market trades
5
Secondary share transfer
1
QIP
1

Deals on record (5 of 7)

WhenDealAmountParties
Oct 2025Market trade₹18.61 CrBuyer: Goldman Sachs Bank Europese - Odi
Seller: Goldman Sachs Public Market Fund
Aug 2025Market trade₹829.72 CrSeller: an individual
Mar 2025QIP₹2,520.83 CrInvestors: Others - QIP Investors, NPS Trust, Sbi Life Insurance Company Limited , an individual
Oct 2022Market trade₹23.34 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Oct 2022Market trade₹11.56 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company

To see the full deal history of Hitachi Energy India Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Hitachi Energy India Limited was last rated by Crisil on 12 Apr 2021.

Rating agencyRated onRating
Crisil12 Apr 2021

To see the full credit ratings and regulatory alerts of Hitachi Energy India Limited, buy the company report.

MSME payment delays

Hitachi Energy India Limited has 22 MSME Form 1 returns on record between 2019 and 2024, listing 10,559 overdue payments to 450 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 450)

SupplierAmount dueDue sinceReported on
Standard Spring and Metal
Bombay Oil Seals Company
Hourglass Essentials Private Limited
M R Clean Services Private Limited
an individual supplier

To see the full MSME payment records of Hitachi Energy India Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Hitachi Energy India Limited has a workforce of 3,641 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.

Employee count
3,641
Active EPFO establishments
2
Employee growth
16.1%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-273,641
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Hitachi Energy India Limited, buy the company report.

GST

Hitachi Energy India has 23 GST registrations: 18 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
23
Active
18
Cancelled / inactive
5
GSTINStateStatusRegistered on
29AARCA9513E1ZDKarnatakaActive01 Dec 2019
04AARCA9513E1ZPChandigarhActive01 Dec 2019
06AARCA9513E1ZLHaryanaActive01 Dec 2019
07AARCA9513E1ZJDelhiActive01 Dec 2019

To see the full GST registrations and return filing status of Hitachi Energy India Limited, buy the company report.

Recent activity

Hitachi Energy India Limited has 14 board changes on record since 2019: 9 appointments and 5 cessations. The latest: Jan Niklas Persson was appointed as Director on 20 Aug 2025.

Filing
Hitachi Energy India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
AGM
Hitachi Energy India Limited last Annual general meeting of members was held on 20 Aug 2025 as per latest MCA records.
Appointed
Jan Niklas Persson was appointed as Director.
Appointed
Meena Ganesh was appointed as Director.
Appointed
Achim Michael Braun was appointed as Director.
Appointed
Ismo Antero Haka was appointed as Director.
Ceased
Sanjeev Sharma ceased to be Director.
Ceased
Frank Duggan ceased to be Additional Director.
Ceased
Nishi Vasudeva ceased to be Additional Director.
Appointed
Akila Krishnakumar was appointed as Director.
Ceased
Gururaj Bhujangarao ceased to be Director.
Appointed
Mukesh Hari Butani was appointed as Director.

5 earlier events are in the company report.

News

POWERINDIA: RS. 106.40 CRORES BSE BLOCK TRADE; FOR ~ 39,480 SHARES, AT RS. 26950.00
06 Nov 2026 · Exchange Update
Hitachi Energy: Partners With Ansaldo Energia To Provide Integrated Power Solutions For Rising Electricity Needs
16 Oct 2026 · Exchange Update
Hitachi Energy: Macquarie on Hitachi Energy Maintains Outperform, Target Price ₹38,500; management interactions reinforce a positive view on the company and power T&D sector, with significant transmission opportunities in India and overseas, alongside expansion into data centres and battery energy storage systems (BESS).
12 Oct 2026 · Exchange Update

Frequently asked questions

Hitachi Energy India is an active public limited company based in Bengaluru, Karnataka, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 19 February 2019 (7+ years old) and is registered under CIN L31904KA2019PLC121597. Listed on BSE: 543187 and NSE: POWERINDIA.

Hitachi Energy India reported revenue of ₹8,147.71 Cr for FY 2025-26 (up 27.6% YoY) based on standalone financials.

Hitachi Energy India has 9 current directors and KMP:

The latest financial statements of Hitachi Energy India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 20 August 2025. Year-wise statements from FY 2019 are in the company report.

The GSTIN of Hitachi Energy India is 29AARCA9513E1ZD, registered in Karnataka. The company has 23 GST registrations in all, of which 18 are active and 5 are cancelled or inactive. Other active GSTINs include 04AARCA9513E1ZP (Chandigarh), 06AARCA9513E1ZL (Haryana), 07AARCA9513E1ZJ (Delhi).

The CIN (Corporate Identification Number) of Hitachi Energy India is L31904KA2019PLC121597. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Hitachi Energy India is a listed company as per MCA records. Its shares are listed on both BSE (code: 543187) and NSE (symbol: POWERINDIA).

Hitachi Energy India has 64 court cases on record: 45 filed by the company and 19 filed against it. 13 are pending. Most are in the high courts.

Hitachi Energy India was incorporated on 19 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.

Hitachi Energy India has 7 deals on record (5 market trades, 1 secondary share transfer, 1 qip); the latest was in October 2025.

The peers of Hitachi Energy India by revenue are CG Power and Industrial Solutions Limited, Mundra Solar PV Limited, Envision Energy India Private Limited, all in the Cleantech industry (Energy Solutions, Power Equipment Manufacturers), with the same principal business activity (manufacture of electrical equipment).

Jan Niklas Persson was appointed as Director on 20 Aug 2025. Meena Ganesh was appointed as Director on 24 May 2023. Achim Michael Braun was appointed as Director on 25 Feb 2021. Hitachi Energy India has 14 board changes on record in total.