Hitachi Energy India Ltd. is the Indian arm of Hitachi Energy, engaged in the business of power technologies to deliver the most comprehensive grid portfolio across the entire value chain. It set up the first factory in Vadodara in 1962. The company is headquartered in Bengaluru. For FY 2021-2022, the company posted a total revenue of Rs 4,950.90 crore, up 43.97% from the previous financial year, 2020-2021. On 31 October 2022, Hitachi Energy India Ltd.’s market capitalisation stood was Rs 13,456 crore.
The company’s share is listed on the Bombay Stock Exchange with the code 543187, and on the National Stock Exchange with the code POWERINDIA.
Hitachi Energy India Ltd. was formerly known as ABB Power Products and Systems India Ltd. Its products and solutions include cable accessories, communication networks, disconnectors, capacitors and filters, cooling systems, semiconductors, substations and electrification, transformers, high voltage switchgear and breakers, asset and work management, digitalisation, cybersecurity, hydrogen energy, e-mobility, and more.
On 30 June 2022, the company’s shareholding pattern represented a 75% promoter’s stake, a 5.1% foreign institutional investors’ stake, a 1.51% domestic institutional investors’ stake, and a public holding of 18.37%. Hitachi ABB Power Grids Ltd. holds the entire promoter share. Mutual fund holdings increased from 1.49% to 1.51%, and foreign institutional investor holdings from 4.71% to 5.10% in the June 2022 quarter.
The company’s leadership team comprises Mr Venu Nuguri, Mr Akilur Rahman, Mr Atul Pandit, Mr Ahmad Khan, Mr Saji S, Mr Ramkumar D, Mr Rupinder Singh, Mr Ajay Singh, Mr Karthik Krishnamurthi, Mr Raja Radhakrishnan, Mr Poovanna Ammatanda, and Ms Manashwi Banerjee. The auditors of the company are B S R & Co. LLP and S R Batliboi & Associates LLP. As of 30 June 2022, the company had a total of 4.24 crore shares outstanding.
On 31 October 2022, the company’s share price was trading at Rs 3,164.60 on BSE and Rs 3,162 on NSE. The investor return for six months and one year was -0.43% and 40.56%, respectively. In 52 weeks, the company’s highest share price was Rs 4,042.60, and the lowest share price was Rs 2,160.
As of September 2022, the company’s mutual fund holdings included Aditya Birla SL Small Cap Fund, Mahindra Manulife Multi Cap Badhat Yojana, and ICICI Prudential MNC Fund, with 2.62%, 2.07%, and 1.84% stakes, respectively.
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