Hitachi Energy India’s Share Price Skyrockets Over 124,000% in Five Years
From a modest ₹15 in April 2020 to an astonishing ₹19,030 in September 2025, Hitachi Energy India has become one of the most remarkable multibagger stocks in Indian markets. The remarkable price appreciation reflects strong operational performance, industry leadership, and investor confidence.
Introduction: The Incredible Journey of Hitachi Energy India
Hitachi Energy India Limited, formerly ABB Power Products and Systems India Ltd, has delivered a staggering growth story in the stock market. What started as a penny stock priced at ₹15 in April 2020 has surged to a breathtaking ₹19,030 on the NSE as of September 2025. This translates into an astronomical return of over 124,608% in just five years, making it one of the most successful investment stories in Indian capital markets.
Stock Price Performance: From Penny to Powerhouse
The journey of Hitachi Energy India shares has been characterized by consistent upward momentum. The stock price moved from sub-₹1,000 levels in 2020 and steadily surged past ₹10,000 by 2023, crossing the ₹19,000 mark in 2025 amid strong earnings growth and sector momentum.
In 2020, the year-end price was around ₹800, delivering an annual return of 67.4%.
In 2021, the stock closed the year at approximately ₹1,360, generating a return of over 70%.
In 2022, the price surged to nearly ₹3,900, marking an annual gain of 187%.
In 2023, the stock ended the year at about ₹6,400, yielding a 54% return.
In 2024, it climbed sharply to around ₹13,000, recording an impressive 177% return.
In 2025 (YTD), the stock has reached roughly ₹19,000, reflecting a 46% gain so far this year.
These numbers highlight rapid compounding fueled by growth in revenues, improving profitability, and positive market sentiments around power technology and energy infrastructure.
Business Growth & Financial Health
Hitachi Energy India operates in a critical niche within power transmission products and solutions. Jointly formed by Hitachi and ABB Power Grids, the company supplies a wide portfolio including transformers, circuit breakers, and electrical equipment essential for India’s infrastructure buildout.
The company reported revenue of ₹6,385 crore in FY25, up from ₹3,236 crore in FY20, nearly doubling over five years. Operating margins improved to a strong 9–10%, and net profits have increased significantly, complemented by steady Earnings Per Share (EPS) growth reaching ₹115 for the trailing twelve months.
Valuation Metrics: Premium for Leadership
Despite its strong fundamentals, Hitachi Energy India trades at a premium valuation:
• Price to Earnings (P/E) ratio around 166 (TTM).
• Price to Book (P/B) ratio near 19.3.
• Market capitalization of approximately ₹84,000 crore.
• Low dividend yield of 0.03%, reinvesting earnings for growth.
Investors pay a substantial premium valuing the company’s market position, technological edge, and future growth potential in energy transition projects.
Investors and Market Sentiment
Institutional investors hold significant stakes, while retail participation has grown with rising prominence as a growth and multibagger stock. Positive quarterly earnings surprise and industry-tailwinds have kept investor appetite robust, despite market volatility in broader indices.
Peer Comparison in Electrical Equipment Sector
Among similar companies like Siemens, CG Power, and ABB India, Hitachi Energy India leads in growth, although at a higher valuation. Its return on capital employed (ROCE) around 19% suggests efficient capital utilization.
Hitachi Energy’s market capitalization stands at around ₹84,000 crore, with a P/E ratio of 166 and a ROCE of 19%.
Siemens holds a market cap of roughly ₹113,000 crore, with a P/E ratio of 66 and a ROCE of 23.6%.
CG Power & Industrial commands a market capitalization of nearly ₹119,000 crore, a P/E ratio of 119, and a ROCE of 37.5%.
ABB has a market cap of close to ₹109,000 crore, with a P/E ratio of 60 and a ROCE of 38.6%.
Risks and Considerations
The high valuation entails risks related to market corrections or earnings disappointments. Promoter shareholding has decreased slightly, and the company’s low dividend yield suggests an ongoing growth investment phase rather than yield generation. Investors should weigh valuation against growth potential carefully.
Conclusion: A Multibagger with a Bright Future
Hitachi Energy India’s stock price surge from ₹15 to over ₹19,000 within five years is a remarkable testament to strong industry fundamentals, successful execution, and an energy transformation theme. While valuation premiums call for cautious optimism, the company’s leadership in electrical equipment and power transmission markets bodes well for continued growth and shareholder wealth creation.
The image added is for representation purposes only
