This Multibagger Power Infrastructure Company Bags Order Worth Rs 790 crore from Marinus Link; Stock Gains Over 200 per cent in Just 1 Year

The company’s shares have delivered an impressive return of over 200 per cent in just 1 year.

Hitachi Energy India Limited has received an order valued at approximately Rs 790 crore from Hitachi Energy Australia Pty Ltd, a fellow subsidiary of the Company, for the execution of the Marinus Link project. This project involves Voltage Source Converter ("VSC") High Voltage Direct Current ("HVDC") links between Tasmania and Victoria, with Hitachi Energy supplying equipment for the Burnie Converter Station and Latrobe Valley Converter Station. The order will be executed for four (4) years. Marinus Link Pty Ltd selected Hitachi Energy to supply HVDC Light VSC stations for this project. Delivery of certain equipment will be executed from the Company’s factory in India.

Marinus Link is a project of national significance for Australia, playing a fundamental role in the country’s energy ecosystem, with the Company's involvement being crucial to its success.

Share Performance:

Today Hitachi Energy India Limited shares closed the day at Rs 12620.35 per share. The company’s current market capitalization stands at Rs 53487 crore. The stock has delivered a multibagger return of over 200 per cent in just 1 year only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Hitachi Energy India Limited reported a revenue of Rs 1695 crore and an operating profit of Rs 182 crore. The operating profit margin for the quarter stands at 11 per cent. The company’s net profit stood at Rs 114 crore. In FY24, the company reported a revenue of Rs 5237 crore compared to Rs 4469 crore, and a net profit of Rs 164 crore, compared to a profit of Rs 94 crore in the previous year.

Investors must keep this Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.