Street View: Hitachi Energy India hits all-time high as Street backs growth, flags valuations

Hitachi

27/05/2026 07:10

** Hitachi Energy India HITN.NS shares rise as much as 3.4% to a record high of 37,220 rupees in the session
** Q4 profit rises about 80% YOY; total revenue from operations jump 46.2%
** HITN holds trailing 12-months PE of 191 vs industry median of 25.7; YTD, stock up 101%  
     
GROWTH MOMENTUM IMPRESSES, VALUATIONS TEMPER OPTIMISM
** Jefferies ("buy", PT: 43,145 rupees) says industry demand trends remain robust and large power transmission projects should be margin accretive and contribute ahead 
** ICICI Securities ("add," PT: 37,800 rupees) says a step-jump in new transmission capex has led to a bulging orderbook
** "we believe current valuations cap return expectations," - ICICI
** Emkay Global ("reduce," PT: 28,700 rupees) says after a strong Q4 and FY26 performance and upbeat outlook, estimates for FY27 and FY28 earnings were raised, but the stock's high valuation limits further upside
** Prabhudas Lilladher Capital ("reduce," PT: 30,768 rupees) says order pipeline remains robust across transmission, renewables, exports and data centers, however downgrades rating given sharp rally in stock

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))