HIRECT - Hind Rectifiers Ltd. Share Price

Industrial Manufacturing

₹1846.30-68.70(-3.59%)

Market Closed as of Aug 7, 2025, 15:30 IST

Select time range

Valuation
Market Cap	3.29 kCr
Price/Earnings (Trailing)	76.14
Price/Sales (Trailing)	4.47
EV/EBITDA	42.37
Price/Free Cashflow	254.6
MarketCap/EBT	56.14
Enterprise Value	3.45 kCr

Fundamentals
Revenue (TTM)	735.82 Cr
Rev. Growth (Yr)	58.1%
Earnings (TTM)	43 Cr
Earnings Growth (Yr)	84.9%

Profitability
Operating Margin	8%
EBT Margin	8%
Return on Equity	26.87%
Return on Assets	10.3%
Free Cashflow Yield	0.39%

Price to Sales Ratio

Latest reported: 4

Revenue (Last 12 mths)

Latest reported: 736 Cr

Net Income (Last 12 mths)

Latest reported: 43 Cr

Growth & Returns
Price Change 1W	-1.9%
Price Change 1M	42.6%
Price Change 6M	79.5%
Price Change 1Y	134.1%
3Y Cumulative Return	118.7%
5Y Cumulative Return	74.6%
7Y Cumulative Return	48.2%
10Y Cumulative Return	36.6%

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	29.34 L
Free Cash Flow (TTM)	12.91 Cr
Free Cash Flow/Share (TTM)	7.52

Balance Sheet
Total Assets	417.29 Cr
Total Liabilities	257.55 Cr
Shareholder Equity	160.03 Cr
Current Assets	263.75 Cr
Current Liabilities	218.43 Cr
Net PPE	86.65 Cr
Inventory	120.73 Cr
Goodwill	0.00

Capital Structure & Leverage
Debt Ratio	0.38
Debt/Equity	0.99
Interest Coverage	3.32
Interest/Cashflow Ops	3.63

Dividend & Shareholder Returns
Dividend/Share (TTM)	2
Dividend Yield	0.10%
Shares Dilution (1Y)	0.10%
Shares Dilution (3Y)	3.6%

Risk & Volatility
Max Drawdown	0.00%
Drawdown Prob. (30d, 5Y)	35.38%
Risk Level (5Y)	45.6%

Pros

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

Past Returns: Outperforming stock! In past three years, the stock has provided 118.7% return compared to 12.2% by NIFTY 50.

Technicals: Bullish SharesGuru indicator.

Growth: Awesome revenue growth! Revenue grew 32.2% over last year and 98% in last three years on TTM basis.

Balance Sheet: Reasonably good balance sheet.

Cons

Smart Money: Smart money looks to be reducing their stake in the stock.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	0.10%
Dividend/Share (TTM)	2
Shares Dilution (1Y)	0.10%
Earnings/Share (TTM)	25.15

Financial Health
Current Ratio	1.21
Debt/Equity	0.99

Technical Indicators
RSI (14d)	79.25
RSI (5d)	44.69
RSI (21d)	73.86
MACD Signal	Buy
Stochastic Oscillator Signal	Sell
Grufity Signal	Buy
RSI Signal	Sell
RSI5 Signal	Hold
RSI21 Signal	Sell
SMA 5 Signal	Sell
SMA 10 Signal	Buy
SMA 20 Signal	Buy
SMA 50 Signal	Buy
SMA 100 Signal	Buy

Summary of Latest Earnings Report from Hind Rectifiers

Summary of Hind Rectifiers's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

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	21.02%
SURAMYA SAURABH NEVATIA	15%
BTR INDUSTRIES LTD	13.98%
CASSINI PARTNERS L.P. MANAGED BY HABROK	2.95%
SURYANSH SAURABH NEVATIA	2.75%
HABROK INDIA MASTER LP	2.35%
SHRIYA SAURABH NEVATIA	2.07%
NIRAJ BAJAJ .	1.75%
BHARTI NEVATIA	1.58%
MUKUL MAHAVIR AGRAWAL	1.46%
SURABHI GOLYAN	1.46%
INVESTOR EDUCATION AND PROTECTION FUND A	1.3%
NIRAJ BAJAJ	1.05%
Independent Director and his relatives	0.31%
SAURABH NEVATIA (Karta of Saurabh Nevatia HUF)	0.07%
AKSHADA S NEVATIA	0.03%
Saurabh Nevatia (Karta of SUSHIL KUMAR NEVATIA HUF)	0%
ADIV NEVATIA	0%
Nurvi Nevatia	0%
ELVENTIVE TECH PRIVATE LIMITED	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Hind Rectifiers Better than it's peers?

Detailed comparison of Hind Rectifiers against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
ABB	ABB India	1.14 LCr	12.63 kCr	-12.80%	-31.70%	63.6	8.79	-	-
SIEMENS	Siemens	1.1 LCr	20.27 kCr	-5.90%	-53.20%	42.14	5.42	-	-
CGPOWER	CG Power and Industrial Solutions	1.07 LCr	7.57 kCr	0.00%	+1.80%	150.4	14.16	-	-
TDPOWERSYS	TD Power Systems	8.09 kCr	1.3 kCr	+6.20%	+34.30%	42.69	5.77	-	-

Sector Comparison: HIRECT vs Industrial Manufacturing

Comprehensive comparison against sector averages

Comparative Metrics

HIRECT metrics compared to Industrial

Category	HIRECT	Industrial
PE	76.14	51.52
PS	4.47	4.08
Growth	32.2 %	8.5 %

Performance Comparison

HIRECT vs Industrial (2021 - 2025)

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.

Income Statement for Hind Rectifiers

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

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	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024
Revenue From Operations	16.3%	215	185	169	-	-	-
Other Income	-16.7%	0.23	0.34	0.5	-	-	-
Total Income	16.3%	215	185	169	-	-	-
Cost of Materials	13.2%	155	137	127	-	-	-
Employee Expense	12.5%	19	17	16	-	-	-
Finance costs	-13.2%	3.62	4.02	2.52	-	-	-
Depreciation and Amortization	43%	2.73	2.21	2.15	-	-	-
Other expenses	20%	13	11	11	-	-	-
Total Expenses	15.3%	197	171	156	-	-	-
Profit Before exceptional items and Tax	30.8%	18	14	13	-	-	-
Total profit before tax	30.8%	18	14	13	-	-	-
Current tax	54.5%	5.51	3.92	3.16	-	-	-
Deferred tax	-30%	-0.17	0.1	0.29	-	-	-
Total tax	44.2%	5.34	4.01	3.45	-	-	-
Total profit (loss) for period	33.5%	13	9.99	10	-	-	-
Other comp. income net of taxes	-2.1%	0.01	0.03	0.02	-	-	-
Total Comprehensive Income	33.3%	13	10	10	-	-	-
Earnings Per Share, Basic	33.3%	7.44	5.83	5.84	-	-	-
Earnings Per Share, Diluted	33.2%	7.42	5.82	5.83	-	-	-

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

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	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024
Revenue From Operations	16.3%	215	185	169	166	136	151
Other Income	-16.7%	0.23	0.34	0.5	0.13	0.51	0.38
Total Income	16.3%	215	185	169	166	136	152
Cost of Materials	13.2%	155	137	127	128	109	106
Employee Expense	12.5%	19	17	16	16	14	14
Finance costs	-13.2%	3.62	4.02	2.52	3.4	3.26	4.13
Depreciation and Amortization	43%	2.73	2.21	2.15	2.11	2.01	2
Other expenses	20%	13	11	11	13	9.52	10
Total Expenses	15.3%	197	171	156	153	126	144
Profit Before exceptional items and Tax	30.8%	18	14	13	13	9.72	7.74
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	30.8%	18	14	13	13	9.72	7.74
Current tax	54.5%	5.51	3.92	3.16	2.94	3.1	0.1
Deferred tax	-30%	-0.17	0.1	0.29	-0.2	-0.31	2.52
Total tax	44.2%	5.34	4.01	3.45	2.75	2.79	2.62
Total profit (loss) for period	33.3%	13	10	10	10	6.93	5.12
Other comp. income net of taxes	-2.1%	0.01	0.03	0.02	-0.08	0.02	0.08
Total Comprehensive Income	33.3%	13	10	10	10	6.95	5.2
Earnings Per Share, Basic	31.5%	7.47	5.92	5.84	5.95	4.04	2.99
Earnings Per Share, Diluted	31.4%	7.45	5.91	5.83	5.93	4.03	2.98

Balance Sheet for Hind Rectifiers

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-	0.29	-	-	-	-	-
Loans, current	-	0.06	-	-	-	-	-
Total current financial assets	-	120	-	-	-	-	-
Inventories	-	121	-	-	-	-	-
Total current assets	-	264	-	-	-	-	-
Property, plant and equipment	-	87	-	-	-	-	-
Capital work-in-progress	-	6.84	-	-	-	-	-
Non-current investments	-	0.13	-	-	-	-	-
Total non-current financial assets	-	12	-	-	-	-	-
Total non-current assets	-	150	-	-	-	-	-
Total assets	-	417	-	-	-	-	-
Borrowings, non-current	-	28	-	-	-	-	-
Total non-current financial liabilities	-	32	-	-	-	-	-
Provisions, non-current	-	5.25	-	-	-	-	-
Total non-current liabilities	-	39	-	-	-	-	-
Borrowings, current	-	131	-	-	-	-	-
Total current financial liabilities	-	205	-	-	-	-	-
Provisions, current	-	4.1	-	-	-	-	-
Current tax liabilities	-	2.35	-	-	-	-	-
Total current liabilities	-	218	-	-	-	-	-
Total liabilities	-	257	-	-	-	-	-
Equity share capital	-	3.43	-	-	-	-	-
Total equity	-	160	-	-	-	-	-
Total equity and liabilities	-	417	-	-	-	-	-

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	9%	0.29	0.22	0.33	0.73	0.13	0.37
Loans, current	4.1%	0.06	0.02	0.03	0.01	0.01	0
Total current financial assets	43.4%	120	84	97	71	76	69
Inventories	13.2%	121	107	97	99	92	103
Current tax assets	-	-	0	-	1.93	1.39	1.56
Total current assets	22.3%	264	216	209	189	185	195
Property, plant and equipment	16.2%	87	75	77	72	73	40
Capital work-in-progress	-46.9%	6.84	12	8.16	8.37	6.87	29
Non-current investments	33.3%	0.42	0.13	0.13	0.13	0.13	0.13
Loans, non-current	-	0	0	0	0.01	0	0.01
Total non-current financial assets	76.3%	12	7.24	7.41	7.59	1.25	1.41
Total non-current assets	28.2%	151	118	122	113	107	98
Total assets	24.1%	418	337	331	303	292	293
Borrowings, non-current	42.1%	28	20	23	21	24	27
Total non-current financial liabilities	63.2%	32	20	23	26	25	27
Provisions, non-current	-6%	5.25	5.52	5.18	5.22	5.21	5.65
Total non-current liabilities	31%	39	30	34	31	30	32
Borrowings, current	27.5%	131	103	106	84	80	80
Total current financial liabilities	31.6%	205	156	160	143	140	153
Provisions, current	-1.3%	4.1	4.14	3.53	2.17	2.69	2.55
Current tax liabilities	32.4%	2.35	2.02	0.99	0	0	0.01
Total current liabilities	31.3%	219	167	173	153	151	160
Total liabilities	31.1%	258	197	206	185	181	192
Equity share capital	0%	3.43	3.43	3.43	3.42	3.42	3.31
Total equity	14.4%	160	140	125	118	112	101
Total equity and liabilities	24.1%	418	337	331	303	292	293

Cash Flow for Hind Rectifiers

Consolidated figures (in Rs. Crores) / View Standalone Data

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.	-

Standalone figures (in Rs. Crores) / View Consolidated Data

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	-	-

What does Hind Rectifiers Ltd. do?

Industrial Products•Capital Goods•Small Cap

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

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

Risk & Volatility

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Hind Rectifiers Ltd. do?