HIRECT - Hind Rectifiers Ltd. Share Price

Industrial Manufacturing

₹1460.10-22.00(-1.48%)

Market Closed as of Dec 24, 2025, 15:30 IST

Pros

Growth: Awesome revenue growth! Revenue grew 35% over last year and 129.7% in last three years on TTM basis.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Insider Trading: There's significant insider buying recently.

Smart Money: Smart money has been increasing their position in the stock.

Balance Sheet: Reasonably good balance sheet.

Past Returns: Outperforming stock! In past three years, the stock has provided 86% return compared to 12.2% by NIFTY 50.

Cons

Technicals: SharesGuru indicator is Bearish.

Momentum: Stock is suffering a negative price momentum. Stock is down -8.2% in last 30 days.

Valuation
Market Cap	2.41 kCr
Price/Earnings (Trailing)	50.53
Price/Sales (Trailing)	3.03
EV/EBITDA	29.28
Price/Free Cashflow	215.12
MarketCap/EBT	36.86
Enterprise Value	2.61 kCr

Fundamentals
Revenue (TTM)	797.11 Cr
Rev. Growth (Yr)	36.9%
Earnings (TTM)	47.56 Cr
Earnings Growth (Yr)	44.8%

Profitability
Operating Margin	8%
EBT Margin	8%
Return on Equity	25%
Return on Assets	9.43%
Free Cashflow Yield	0.46%

Price to Sales Ratio

Latest reported: 3

Revenue (Last 12 mths)

Latest reported: 797.1 Cr

Net Income (Last 12 mths)

Latest reported: 47.6 Cr

Growth & Returns
Price Change 1W	-5.4%
Price Change 1M	-8.2%
Price Change 6M	10.8%
Price Change 1Y	-7.5%
3Y Cumulative Return	86%
5Y Cumulative Return	56.5%
7Y Cumulative Return	43.4%
10Y Cumulative Return	32.5%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-25.31 Cr
Cash Flow from Operations (TTM)	35.62 Cr
Cash Flow from Financing (TTM)	-10.74 Cr
Cash & Equivalents	7.16 Cr
Free Cash Flow (TTM)	12.91 Cr
Free Cash Flow/Share (TTM)	7.52

Balance Sheet
Total Assets	504.51 Cr
Total Liabilities	314.31 Cr
Shareholder Equity	190.2 Cr
Current Assets	303.7 Cr
Current Liabilities	256.89 Cr
Net PPE	87.27 Cr
Inventory	142.83 Cr
Goodwill	0.00

Capital Structure & Leverage
Debt Ratio	0.4
Debt/Equity	1.07
Interest Coverage	3.77
Interest/Cashflow Ops	3.63

Dividend & Shareholder Returns
Dividend/Share (TTM)	2
Dividend Yield	0.14%
Shares Dilution (1Y)	0.30%
Shares Dilution (3Y)	3.7%

Pros

Growth: Awesome revenue growth! Revenue grew 35% over last year and 129.7% in last three years on TTM basis.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Insider Trading: There's significant insider buying recently.

Smart Money: Smart money has been increasing their position in the stock.

Balance Sheet: Reasonably good balance sheet.

Past Returns: Outperforming stock! In past three years, the stock has provided 86% return compared to 12.2% by NIFTY 50.

Cons

Technicals: SharesGuru indicator is Bearish.

Momentum: Stock is suffering a negative price momentum. Stock is down -8.2% in last 30 days.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	0.14%
Dividend/Share (TTM)	2
Shares Dilution (1Y)	0.30%
Earnings/Share (TTM)	27.78

Financial Health
Current Ratio	1.18
Debt/Equity	1.07

Technical Indicators
RSI (14d)	34.07
RSI (5d)	9.65
RSI (21d)	40.53
MACD Signal	Sell
Stochastic Oscillator Signal	Buy
Grufity Signal	Sell
RSI Signal	Hold
RSI5 Signal	Buy
RSI21 Signal	Hold
SMA 5 Signal	Sell
SMA 10 Signal	Sell
SMA 20 Signal	Sell
SMA 50 Signal	Sell
SMA 100 Signal	Sell

Earnings Outlook

Last updated:

Q&A Session

Last updated:

Share Holdings

Understand Hind Rectifiers ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

Shareholder Name	Holding %
SAURABH NEVATIA	21%
SURAMYA SAURABH NEVATIA	14.98%
BTR INDUSTRIES LTD	13.97%
CASSINI PARTNERS L.P. MANAGED BY HABROK	2.94%
SURYANSH SAURABH NEVATIA	2.78%
HABROK INDIA MASTER LP	2.5%
SHRIYA SAURABH NEVATIA	2.1%
NIRAJ BAJAJ .	1.75%
BHARTI NEVATIA	1.58%
SURABHI GOLYAN	1.45%
INVESTOR EDUCATION AND PROTECTION FUND A	1.29%
VEENA K JAGWANI	1%
AKSHADA S NEVATIA	0.03%
Saurabh Nevatia (Karta of SUSHIL KUMAR NEVATIA HUF)	0%
ADIV NEVATIA	0%
Nurvi Nevatia	0%
SAURABH NEVATIA (Karta of Saurabh Nevatia HUF)	0%
Caelora Capital FZCO	0%
BELINK HIRECT SAS	0%
ELVENTIVE TECH PRIVATE LIMITED	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
SIEMENS	Siemens	1.11 LCr	17.93 kCr	-3.10%	-59.20%	52.61	6.18	-	-
ABB	ABB India	1.1 LCr	13.37 kCr	+1.80%	-29.60%	62.2	8.2	-	-
CGPOWER	CG Power and Industrial Solutions	1.06 LCr	9.99 kCr	-7.20%	-12.20%	109.29	10.59	-	-
TDPOWERSYS	TD Power Systems	11.18 kCr	1.55 kCr	-6.00%	+58.50%	53.68	7.23	-	-

Category	HIRECT	Industrial
PE	50.53	45.28
PS	3.03	3.53
Growth	35 %	9.8 %

Key Insights

1. HIRECT is NOT among the Top 10 largest companies in Industrial Products.
2. The company holds a market share of 1.2% in Industrial Products.
3. In last one year, the company has had an above average growth that other Industrial Products companies.

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	-	655	-	-	-	-	-
Other Income	-	1.48	-	-	-	-	-
Total Income	-	657	-	-	-	-	-
Cost of Materials	-	501	-	-	-	-	-
Employee Expense	-	63	-	-	-	-	-
Finance costs	-	13	-	-	-	-	-
Depreciation and Amortization	-	8.49	-	-	-	-	-
Other expenses	-	44	-	-	-	-	-
Total Expenses	-	607	-	-	-	-	-
Profit Before exceptional items and Tax	-	50	-	-	-	-	-
Total profit before tax	-	50	-	-	-	-	-
Current tax	-	13	-	-	-	-	-
Deferred tax	-	-0.12	-	-	-	-	-
Total tax	-	13	-	-	-	-	-
Total profit (loss) for period	-	37	-	-	-	-	-
Total Comprehensive Income	-	37	-	-	-	-	-
Earnings Per Share, Basic	-	21.64	-	-	-	-	-
Earnings Per Share, Diluted	-	21.6	-	-	-	-	-

Description	(%) Q/Q	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024
Revenue From Operations	5.6%	227	215	185	169	-	-
Other Income	-13%	0.13	0.23	0.34	0.5	-	-
Total Income	5.6%	227	215	185	169	-	-
Cost of Materials	20.8%	187	155	137	127	-	-
Employee Expense	0%	19	19	17	16	-	-
Finance costs	-2.3%	3.56	3.62	4.02	2.52	-	-
Depreciation and Amortization	4.6%	2.81	2.73	2.21	2.15	-	-
Other expenses	0%	13	13	11	11	-	-
Total Expenses	5.6%	208	197	171	156	-	-
Profit Before exceptional items and Tax	11.8%	20	18	14	13	-	-
Total profit before tax	11.8%	20	18	14	13	-	-
Current tax	-6.2%	5.23	5.51	3.92	3.16	-	-
Deferred tax	-12%	-0.31	-0.17	0.1	0.29	-	-
Total tax	-9.7%	4.92	5.34	4.01	3.45	-	-
Total profit (loss) for period	16.7%	15	13	9.99	10	-	-
Other comp. income net of taxes	-78.8%	-0.77	0.01	0.03	0.02	-	-
Total Comprehensive Income	8.3%	14	13	10	10	-	-
Earnings Per Share, Basic	17.7%	8.58	7.44	5.83	5.84	-	-
Earnings Per Share, Diluted	17.9%	8.57	7.42	5.82	5.83	-	-

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	26.5%	655	518	359	372	305	300
Other Income	223.1%	1.48	0.61	0.26	0.34	0.36	0.48
Total Income	26.9%	657	518	359	372	305	300
Cost of Materials	31.2%	501	382	290	289	229	222
Employee Expense	21.6%	63	52	39	37	33	30
Finance costs	0%	13	13	8.13	6.88	8.72	7.32
Depreciation and Amortization	16.1%	8.49	7.45	5.14	4.49	3.83	4.07
Other expenses	16.7%	43	37	25	25	17	23
Total Expenses	23.2%	607	493	357	361	298	274
Profit Before exceptional items and Tax	104.2%	50	25	2.08	11	7.36	26
Exceptional items before tax	87.5%	0	-6.99	-10.77	0	0	0
Total profit before tax	188.2%	50	18	-8.68	11	7.36	26
Current tax	2407.7%	13	0.48	0	3.13	1.7	6.34
Deferred tax	-130.3%	-0.12	4.7	-2.32	0.23	0.33	1.42
Total tax	187.1%	13	5.18	-2.32	3.36	2.03	7.76
Total profit (loss) for period	200%	37	13	-6.36	7.8	5.33	18
Other comp. income net of taxes	-4.2%	0	0.04	0.11	0.1	0.13	-0.18
Total Comprehensive Income	200%	37	13	-6.25	7.9	5.46	18
Earnings Per Share, Basic	99.5%	21.73	11.39	-3.84	4.71	3.22	11.16
Earnings Per Share, Diluted	100%	21.7	11.35	-3.84	4.68	3.22	11.16

Description	(%) Q/Q	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024
Revenue From Operations	5.6%	227	215	185	169	166	136
Other Income	-13%	0.13	0.23	0.34	0.5	0.13	0.51
Total Income	5.6%	227	215	185	169	166	136
Cost of Materials	20.8%	187	155	137	127	128	109
Employee Expense	0%	19	19	17	16	16	14
Finance costs	-2.3%	3.56	3.62	4.02	2.52	3.4	3.26
Depreciation and Amortization	4.6%	2.81	2.73	2.21	2.15	2.11	2.01
Other expenses	0%	13	13	11	11	13	9.52
Total Expenses	5.6%	208	197	171	156	153	126
Profit Before exceptional items and Tax	11.8%	20	18	14	13	13	9.72
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	11.8%	20	18	14	13	13	9.72
Current tax	-6.2%	5.23	5.51	3.92	3.16	2.94	3.1
Deferred tax	-12%	-0.31	-0.17	0.1	0.29	-0.2	-0.31
Total tax	-9.7%	4.92	5.34	4.01	3.45	2.75	2.79
Total profit (loss) for period	16.7%	15	13	10	10	10	6.93
Other comp. income net of taxes	-61.6%	-0.6	0.01	0.03	0.02	-0.08	0.02
Total Comprehensive Income	8.3%	14	13	10	10	10	6.95
Earnings Per Share, Basic	17.3%	8.59	7.47	5.92	5.84	5.95	4.04
Earnings Per Share, Diluted	17.5%	8.58	7.45	5.91	5.83	5.93	4.03

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	3480.3%	25	0.29	-	-	-	-
Loans, current	-3.2%	0.03	0.06	-	-	-	-
Total current financial assets	16.8%	140	120	-	-	-	-
Inventories	18.3%	143	121	-	-	-	-
Total current assets	21.7%	321	264	-	-	-	-
Property, plant and equipment	0%	87	87	-	-	-	-
Capital work-in-progress	807.5%	54	6.84	-	-	-	-
Non-current investments	0%	0.13	0.13	-	-	-	-
Total non-current financial assets	-85.4%	2.61	12	-	-	-	-
Total non-current assets	20.1%	180	150	-	-	-	-
Total assets	21.2%	505	417	-	-	-	-
Borrowings, non-current	59.3%	44	28	-	-	-	-
Total non-current financial liabilities	38.7%	44	32	-	-	-	-
Provisions, non-current	76.7%	8.51	5.25	-	-	-	-
Total non-current liabilities	47.4%	57	39	-	-	-	-
Borrowings, current	21.5%	159	131	-	-	-	-
Total current financial liabilities	19.1%	244	205	-	-	-	-
Provisions, current	-46.5%	2.66	4.1	-	-	-	-
Current tax liabilities	79.3%	3.42	2.35	-	-	-	-
Total current liabilities	18%	257	218	-	-	-	-
Total liabilities	22.3%	314	257	-	-	-	-
Equity share capital	0.4%	3.44	3.43	-	-	-	-
Total equity	18.9%	190	160	-	-	-	-
Total equity and liabilities	21.2%	505	417	-	-	-	-

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	967.6%	7.16	0.29	0.22	0.33	0.73	0.13
Loans, current	-3.2%	0.03	0.06	0.02	0.03	0.01	0.01
Total current financial assets	2.5%	123	120	84	97	71	76
Inventories	18.3%	143	121	107	97	99	92
Current tax assets	-	-	-	0	-	1.93	1.39
Total current assets	15.2%	304	264	216	209	189	185
Property, plant and equipment	0%	87	87	75	77	72	73
Capital work-in-progress	807.5%	54	6.84	12	8.16	8.37	6.87
Non-current investments	3031%	18	0.42	0.13	0.13	0.13	0.13
Loans, non-current	-	0	0	0	0	0.01	0
Total non-current financial assets	72.7%	20	12	7.24	7.41	7.59	1.25
Total non-current assets	31.3%	198	151	118	122	113	107
Total assets	20.9%	505	418	337	331	303	292
Borrowings, non-current	59.3%	44	28	20	23	21	24
Total non-current financial liabilities	38.7%	44	32	20	23	26	25
Provisions, non-current	76.7%	8.51	5.25	5.52	5.18	5.22	5.21
Total non-current liabilities	47.4%	57	39	30	34	31	30
Borrowings, current	21.5%	159	131	103	106	84	80
Total current financial liabilities	19.1%	244	205	156	160	143	140
Provisions, current	-46.5%	2.66	4.1	4.14	3.53	2.17	2.69
Current tax liabilities	79.3%	3.42	2.35	2.02	0.99	0	0
Total current liabilities	17.4%	257	219	167	173	153	151
Total liabilities	21.8%	314	258	197	206	185	181
Equity share capital	0.4%	3.44	3.43	3.43	3.43	3.42	3.42
Total equity	19.5%	191	160	140	125	118	112
Total equity and liabilities	20.9%	505	418	337	331	303	292

Finance costs	-
Change in inventories	-
Depreciation	-
Unrealised forex losses/gains	-
Adjustments for interest income	-
Net Cashflows from Operations	-
Income taxes paid (refund)	-
Net Cashflows From Operating Activities	-
Cashflows used in obtaining control of subsidiaries	-
Proceeds from sales of PPE	-
Purchase of property, plant and equipment	-
Proceeds from sales of long-term assets	-
Purchase of other long-term assets	-
Dividends received	-
Interest received	-
Net Cashflows From Investing Activities	-
Proceeds from issuing shares	-
Proceeds from borrowings	-
Repayments of borrowings	-
Payments of lease liabilities	-
Dividends paid	-
Interest paid	-
Net Cashflows from Financing Activities	-
Net change in cash and cash eq.	-

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	0%	13	13	8.13	6.88	-	-
Change in inventories	-373.7%	-24.01	-4.28	-15.42	-8.48	-	-
Depreciation	16.1%	8.49	7.45	5.14	4.49	-	-
Unrealised forex losses/gains	-48.8%	-0.19	0.2	0	0	-	-
Adjustments for interest income	11.5%	0.31	0.22	0.11	0.13	-	-
Share-based payments	-16.3%	0	0.14	0	0	-	-
Net Cashflows from Operations	30.3%	44	34	8.85	39	-	-
Income taxes paid (refund)	986.1%	8	0.21	0.66	2.35	-	-
Net Cashflows From Operating Activities	6.1%	36	34	8.18	36	-	-
Cashflows used in obtaining control of subsidiaries	-	0.29	0	0	0	-	-
Proceeds from sales of PPE	165.8%	1.25	0.62	-29.42	0.03	-	-
Purchase of property, plant and equipment	69.2%	23	14	0	20	-	-
Proceeds from sales of long-term assets	-	6	0	0	0	-	-
Purchase of other long-term assets	78%	9.9	6	0	0.03	-	-
Dividends received	0%	0.01	0.01	0.01	0.01	-	-
Interest received	15.4%	0.34	0.22	0.05	0.12	-	-
Other inflows (outflows) of cash	-	0	0	0.06	-0.66	-	-
Net Cashflows From Investing Activities	-28.5%	-25.31	-19.47	-29.3	-20.6	-	-
Proceeds from issuing shares	10.2%	0.21	0.12	0	0	-	-
Proceeds from borrowings	85.9%	16	9.07	0	0	-	-
Repayments of borrowings	0%	10	10	-29.95	9.12	-	-
Payments of lease liabilities	-	1.88	0	0	0	-	-
Dividends paid	-	2.06	0	0.66	0	-	-
Interest paid	9.1%	13	12	8.21	6.83	-	-
Other inflows (outflows) of cash	-	0	0	0.09	0	-	-
Net Cashflows from Financing Activities	23.1%	-10.74	-14.26	21	-15.95	-	-
Net change in cash and cash eq.	-69%	-0.42	0.16	0.05	-0.28	-	-

Hind Rectifiers Limited engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally. The company provides various traction and aux transformers, IGBT propulsion systems, auxiliary converters and battery chargers, on-board DC rectifiers, traction motors, panels, electrical switch boards, power supplies, safety, and protection electronics, and rolling stock HVAC systems for railways, as well as electrostatic precipitators, power quality improvement solutions, and special, and current rectifiers. It also offers repairing and servicing, AMC and erectioning, and commissioning services. Hind Rectifiers Limited was incorporated in 1958 and is based in Mumbai, India.

Industry Group:Industrial Manufacturing

Employees:425

Website:hirect.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

HIRECT - Hind Rectifiers Ltd. Share Price

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Hind Rectifiers Ltd. do?

Important Disclosure & Data Context

HIRECT - Hind Rectifiers Ltd. Share Price

HIRECT

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

HIRECT

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Hind Rectifiers Ltd. do?

Important Disclosure & Data Context

HIRECT

HIRECT