{"id":198339,"date":"2026-08-12T11:00:06","date_gmt":"2026-08-12T05:30:06","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=198339"},"modified":"2026-08-12T11:00:09","modified_gmt":"2026-08-12T05:30:09","slug":"hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/","title":{"rendered":"Hitachi Energy India vs Transformers and Rectifiers India: Share Price, Comparison and Key Differences"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Hitachi Energy India MCap Rs 1,45,217 Cr, PE 147x, ROE 19.09%, D\/E 0.02. Transformers and Rectifiers India MCap Rs 8,934 Cr, PE 33.22x, ROE 17.45%, D\/E 0.30. Size gap: 16x.<\/em><\/p>\n<p>Hitachi Energy India vs Transformers and Rectifiers India (TRIL) is a comparison power transformer investors look up when evaluating two listed Indian companies in the power equipment sector. Hitachi Energy India, formerly ABB&#8217;s power products business, is the Indian subsidiary of Hitachi Energy (a Hitachi and ABB joint venture) &#8211; providing high-voltage transformers, grid automation systems and power electronics for utility and industrial applications. Transformers and Rectifiers India (TRIL), an Ahmedabad-based company, manufactures power, distribution and furnace transformers for Indian utilities and industrial customers. Both Hitachi Energy India vs TRIL serve India&#8217;s rapidly growing power transformer market driven by the energy transition.<\/p>\n<p>This Hitachi Energy India vs Transformers and Rectifiers India article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Reach_and_Market_Position\" title=\"Reach and Market Position\">Reach and Market Position<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Key_Products_and_Business_Mix\" title=\"Key Products and Business Mix\">Key Products and Business Mix<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Latest_Results_and_Financial_Data\" title=\"Latest Results and Financial Data\">Latest Results and Financial Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Stock_Performance_and_Valuation\" title=\"Stock Performance and Valuation\">Stock Performance and Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Hitachi_Energy_India_vs_Transformers_and_Rectifiers_India_Quick_Comparison_Table\" title=\"Hitachi Energy India vs Transformers and Rectifiers India: Quick Comparison Table\">Hitachi Energy India vs Transformers and Rectifiers India: Quick Comparison Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#What_does_Hitachi_Energy_India_make\" title=\"What does Hitachi Energy India make?\">What does Hitachi Energy India make?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#What_does_TRIL_make\" title=\"What does TRIL make?\">What does TRIL make?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#What_is_HVDC\" title=\"What is HVDC?\">What is HVDC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Why_is_Hitachi_Energy_India_PE_so_high\" title=\"Why is Hitachi Energy India PE so high?\">Why is Hitachi Energy India PE so high?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Are_Hitachi_Energy_and_TRIL_in_Nifty_50\" title=\"Are Hitachi Energy and TRIL in Nifty 50?\">Are Hitachi Energy and TRIL in Nifty 50?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#What_is_the_size_difference_between_them\" title=\"What is the size difference between them?\">What is the size difference between them?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hitachi-energy-india-vs-transformers-and-rectifiers-india-comparison\/#Is_TRIL_cheaper_on_PE_than_Hitachi_Energy\" title=\"Is TRIL cheaper on PE than Hitachi Energy?\">Is TRIL cheaper on PE than Hitachi Energy?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Reach_and_Market_Position\"><\/span><strong>Reach and Market Position<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In this Hitachi Energy India vs Transformers and Rectifiers India comparison, Hitachi Energy India manufactures high-voltage power transformers, HVDC systems, grid automation and digital energy solutions for Indian utilities, industries and railways. Market capitalisation is Rs 1,45,217 Cr.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=hitachienergy-vs-tril\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<p>TRIL manufactures power transformers (distribution and power), furnace transformers and rectifier transformers for Indian state utilities and industrial customers. Market capitalisation is Rs 8,934 Cr.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Products_and_Business_Mix\"><\/span><strong>Key Products and Business Mix<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For the Hitachi Energy India vs Transformers and Rectifiers India product breakdown, Hitachi Energy India: Hitachi Energy earns from high-voltage power transformers, grid automation, power semiconductors and HVDC equipment. EPS is Rs 221.63. PE is 147x (premium valuation), ROE 19.09 percent, D\/E 0.02.<\/p>\n<p>Transformers and Rectifiers India: TRIL earns from power and distribution transformers, furnace transformers and rectifiers for utilities and steel plants. EPS is Rs 8.96. PE is 33.22x, ROE 17.45 percent, D\/E 0.30.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Latest_Results_and_Financial_Data\"><\/span><strong>Latest Results and Financial Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the Hitachi Energy India vs Transformers and Rectifiers India results front: Hitachi Energy India has a market cap of Rs 1,45,217 Cr and PE of 147x. ROE is 19.09 percent. Hitachi Energy India is 16 times larger than TRIL &#8211; the largest size gap in this batch. Hitachi Energy commands a massive premium as a high-tech MNC grid company.<\/p>\n<p>TRIL has a market cap of Rs 8,934 Cr and PE of 33.22x. ROE is 17.45 percent. TRIL is significantly cheaper than Hitachi Energy on PE while maintaining similar ROE. TRIL has grown rapidly with India&#8217;s power grid expansion.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare Hitachi Energy India and Transformers and Rectifiers India Fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stock_Performance_and_Valuation\"><\/span><strong>Stock Performance and Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors tracking the Hitachi Energy India vs Transformers and Rectifiers India comparison should verify current prices on NSE or BSE before trading. The Hitachi Energy India vs Transformers and Rectifiers India stock data below reflects the latest available figures from Groww and public company filings.<\/p>\n<p>Hitachi Energy India vs TRIL at current valuations: Hitachi Energy trades at Rs 1,45,217 Cr market cap, PE 147x, ROE 19.09 percent. TRIL trades at Rs 8,934 Cr market cap, PE 33.22x, ROE 17.45 percent. Despite both making power transformers, the size gap is 16 times. Hitachi Energy commands a dramatic PE premium for its technology, scale and MNC brand. Both have similar ROE.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hitachi_Energy_India_vs_Transformers_and_Rectifiers_India_Quick_Comparison_Table\"><\/span><strong>Hitachi Energy India vs Transformers and Rectifiers India: Quick Comparison Table<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The comparison table below summarises the key metrics side by side.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<th style=\"border: 1px solid #ccc; padding: 8px;\">Parameter<\/th>\n<th style=\"border: 1px solid #ccc; padding: 8px;\"><a href=\"https:\/\/univest.in\/stocks\/abb-power-products-systems-india-ltd\">Hitachi Energy India<\/a><\/th>\n<th style=\"border: 1px solid #ccc; padding: 8px;\"><a href=\"https:\/\/univest.in\/stocks\/transformers-rectifiers-india-ltd\">Transformers and Rectifiers India<\/a><\/th>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Sector<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">High-voltage transformers + grid automation + HVDC (Hitachi\/ABB JV)<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Power + distribution + furnace transformers (domestic utility supply)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Market Cap<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Rs 1,45,217 Cr<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Rs 8,934 Cr<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">P\/E Ratio<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">147x (premium MNC)<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">33.22x<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">ROE<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">19.09%<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">17.45%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Debt to Equity<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">0.02<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">0.30<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Product Range<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">High-voltage transformers, HVDC, grid automation, power electronics<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Power + distribution + furnace + rectifier transformers<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Ownership<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Hitachi and ABB joint venture<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Promoter-owned (Ahmedabad)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Hitachi Energy India vs Transformers and Rectifiers India comparison above covers reach, products, results and valuation. Hitachi Energy India vs TRIL covers a global-scale MNC grid technology company versus an Indian mid-size transformer manufacturer. Hitachi Energy has a technology premium for high-voltage and HVDC systems. TRIL is a domestic transformer maker growing with Indian utility capex. Hitachi Energy vs TRIL investors should review the transformer order book and power grid investment trends in India. The 16x size gap between these companies makes direct comparison challenging. Consult a SEBI-registered advisor for personalised guidance. Hitachi Energy India vs Transformers and Rectifiers India investors should review India&#8217;s power grid expansion programme and transformer procurement tenders. Hitachi Energy India vs Transformers and Rectifiers India together represent India&#8217;s power transformer spectrum from MNC premium to domestic mid-size.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest\/id1543832872\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.android\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Hitachi Energy India and Transformers and Rectifiers India live price and get daily stock recommendations.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Hitachi_Energy_India_make\"><\/span><strong>What does Hitachi Energy India make?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hitachi Energy India makes high-voltage power transformers (220kV to 1200kV), HVDC (High Voltage Direct Current) transmission systems, grid automation equipment, power semiconductors and digital energy management solutions for utilities, railways and industries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_TRIL_make\"><\/span><strong>What does TRIL make?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Transformers and Rectifiers India (TRIL) manufactures power transformers (66kV to 765kV), distribution transformers, furnace transformers for steel plants, and rectifier transformers for electrochemical industries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_HVDC\"><\/span><strong>What is HVDC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HVDC (High Voltage Direct Current) transmission allows long-distance electricity transmission with lower losses than AC transmission. HVDC is increasingly used for transmitting renewable energy from remote generation sites to load centers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Hitachi_Energy_India_PE_so_high\"><\/span><strong>Why is Hitachi Energy India PE so high?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hitachi Energy India&#8217;s PE of 147x reflects its technology premium as a global MNC grid company and the strong demand for India&#8217;s power sector transformation. Premium valuations for scarce MNC technology stocks are common in India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_Hitachi_Energy_and_TRIL_in_Nifty_50\"><\/span><strong>Are Hitachi Energy and TRIL in Nifty 50?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Neither is currently in Nifty 50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_size_difference_between_them\"><\/span><strong>What is the size difference between them?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hitachi Energy India at Rs 1,45,217 Cr is approximately 16 times larger than TRIL at Rs 8,934 Cr &#8211; one of the largest size gaps in this comparison batch.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_TRIL_cheaper_on_PE_than_Hitachi_Energy\"><\/span><strong>Is TRIL cheaper on PE than Hitachi Energy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. TRIL trades at PE of 33.22x versus Hitachi Energy India&#8217;s 147x &#8211; TRIL is dramatically cheaper on PE while having a similar ROE.<\/p>\n<div class=\"faq-schema\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hitachi Energy India vs Transformers and Rectifiers India compared on power transformers, grid equipment, ROE and valuation. 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