Hitachi Energy India vs Polycab India: share price, P/E, ROE and financials compared
Hitachi Energy India
Polycab India
Hitachi Energy India and Polycab India at a glance
Hitachi Energy India and Polycab India are both listed in Capital Goods. Hitachi Energy India is the larger by market cap, at ₹1.2L Cr against ₹1.2L Cr for Polycab India. On valuation, Polycab India has the lower P/E (37.5× against 107.7×) and the lower price-to-book (9.06× against 23.94×). On returns and margins, Hitachi Energy India has the higher operating margin (16.1% against 13.6%), while Polycab India has the higher ROCE (30.4% against 24.9%) and the higher ROE (26.8% against 21.0%). Over three years, Hitachi Energy India has faster 3-year profit growth (+119.1% against +28.1% a year), while Polycab India has faster 3-year sales growth (+26.6% against +22.2% a year). Neither carries much debt for its equity: debt-to-equity is 0.02× for Hitachi Energy India and 0.02× for Polycab India.
Key metrics, side by side
| Metric | Hitachi Energy IndiaPOWERINDIA | Polycab IndiaPOLYCAB |
|---|---|---|
| Price (₹) | 27,800.00 | 7,871.00 |
| Market cap (₹ Cr) | 1,23,911 | 1,18,613 |
| P/E | 107.7× | 37.5× (the lower figure, shaded) |
| P/B | 23.94× | 9.06× (the lower figure, shaded) |
| Dividend yield, trailing | 0.03% | 0.60% (the higher figure, shaded) |
| ROE | 21.0% | 26.8% (the higher figure, shaded) |
| ROCE | 24.9% | 30.4% (the higher figure, shaded) |
| Operating margin (OPM) | 16.1% (the higher figure, shaded) | 13.6% |
| Net margin (NPM) | 12.6% (the higher figure, shaded) | 9.1% |
| Sales CAGR 3Y | +22.2% | +26.6% (the higher figure, shaded) |
| Profit CAGR 3Y | +119.1% (the higher figure, shaded) | +28.1% |
| Debt to equity | 0.02× | 0.02× |
| Interest cover | 104.4× (the higher figure, shaded) | 19.5× |
| Net profit TTM (₹ Cr) | – | 3,156 |
| 1Y return | +37.9% (the higher figure, shaded) | +3.8% |
| Promoter holding | – | 61.44% |
Hitachi Energy India vs Polycab India: common questions
Which is bigger, Hitachi Energy India or Polycab India?
By market cap, Hitachi Energy India is bigger at ₹1.2L Cr, against ₹1.2L Cr for Polycab India (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Hitachi Energy India or Polycab India?
Hitachi Energy India trades at a P/E of 107.7× and Polycab India at 37.5×. Polycab India has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Hitachi Energy India or Polycab India?
Hitachi Energy India reports a return on equity of 21.0% and Polycab India 26.8%. Polycab India has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Hitachi Energy India or Polycab India?
Over the last three years: Sales grew +22.2% a year at Hitachi Energy India and +26.6% at Polycab India, so Polycab India grew sales faster; profit grew +119.1% a year at Hitachi Energy India and +28.1% at Polycab India, so Hitachi Energy India grew profit faster. Past growth doesn’t predict future growth.