Hitachi Energy India has gained over 350% in the last three years; do you hold it?

Hitachi Energy India Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price surged from Rs 968.90 on November 14, 2020, to Rs 4,454 on November 07, 2023, representing an increase of over 350% in a three-year holding period.

An investment of Rs 1 lakh in this company’s shares three years ago would have grown to Rs 4.50 lakh today.

Financial Performance

Hitachi Energy India Limited reported a strong second quarter for FY24, with net sales growth of 9.9% to Rs 1,192.22 crore, compared to Rs 1,084.86 crore in the same quarter last year. The operating profit experienced a significant decrease of 13.94%. The net profit for the quarter stood at Rs 24.74 crore, which was Rs 37.17 crore in the previous year’s same quarter, representing a 33.44% decline. The company has a ROCE of 12.9% and an ROE of 8.03% with a market capitalization of Rs 18,797 crore.

Business Overview

Incorporated in February 2019, following the demerger of ABB India’s power grid business unit, Hitachi Energy India Limited provides product, system, software, and service solutions across the entire power value chain. The portfolio includes an extensive range of high-voltage products, transformers, grid automation products, and power quality products and systems.

Hitachi Energy India Limited is a public limited company with 25% equity shares traded publicly. The balance 75% promoter shareholding is currently held by Hitachi Energy Ltd., based in Zurich, Switzerland. Hitachi Energy Ltd in turn is a 100% subsidiary of ultimate parent Hitachi Ltd.

Stock Price Movement

Today, the stock opened at Rs 4,395.35, with a high and low of Rs 4,461 and Rs 4,322.55, respectively. The stock is currently trading at Rs 4,380.05, which decreased by 0.54%. The stock has a 52-week high of Rs 4,800 and a 52-week low of Rs 2845.90.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.