HIRECT - Hind Rectifiers Ltd. Share Price

Industrial Manufacturing

₹900.10-76.70(-7.85%)

Market Closed as of Apr 25, 2025, 15:30 IST

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

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: HIRECT vs Industrial Manufacturing

Comprehensive comparison against sector averages

Comparative Metrics

HIRECT metrics compared to Industrial

Category	HIRECT	Industrial
PE	47.92	27.37
PS	2.48	3.62
Growth	30.3 %	7 %

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% in Industrial Products.
3. In last one year, the company has had an above average growth that other Industrial Products companies.

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

As of 2025-03-31

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	2.1%
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	1.32%
NIRAJ BAJAJ	1.05%
VEENA K JAGWANI	1%
Others	0.31%
ESOP or ESOS or ESPS	0.27%
Saurabh Nevatia (Karta of SAURABH NEVATIA HUF)	0.07%
AKSHADA S NEVATIA	0.03%
ELVENTIVE TECH PRIVATE LIMITED	0%
ADIV NEVATIA	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Valuation
Market Cap	1.54 kCr
Price/Earnings (Trailing)	47.92
Price/Sales (Trailing)	2.48
EV/EBITDA	23.61
Price/Free Cashflow	97.89
MarketCap/EBT	35.23

Fundamentals
Revenue (TTM)	623.19 Cr
Rev. Growth (Yr)	23.94%
Rev. Growth (Qtr)	2.09%
Earnings (TTM)	32.24 Cr
Earnings Growth (Yr)	558.96%
Earnings Growth (Qtr)	-1.76%

Profitability
Operating Margin	7.04%
EBT Margin	7.04%
Return on Equity	23.1%
Return on Assets	9.57%
Free Cashflow Yield	1.02%

Investor Care
Dividend Yield	0.11%
Dividend/Share (TTM)	1.2
Shares Dilution (1Y)	0.23%
Diluted EPS (TTM)	18.77

Financial Health
Current Ratio	1.29
Debt/Equity	0.88
Debt/Cashflow	0.28

Cash Flow for Hind Rectifiers

Standalone figures (in Rs. Crores)

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	68.3%	13	8.13	6.88
Change in inventories	67.8%	-4.28	-15.42	-8.48
Depreciation	55.8%	7.45	5.14	4.49
Unrealised forex losses/gains	-	0.2	0	0
Adjustments for interest income	12.4%	0.22	0.11	0.13
Share-based payments	-	0.14	0	0
Net Cashflows from Operations	320.4%	34	8.85	39
Income taxes paid (refund)	-132.4%	0.21	0.66	2.35
Net Cashflows From Operating Activities	359.6%	34	8.18	36
Proceeds from sales of PPE	98.8%	0.62	-29.42	0.03
Purchase of property, plant and equipment	-	14	0	20
Purchase of other long-term assets	-	6	0	0.03
Dividends received	0%	0.01	0.01	0.01
Interest received	17.9%	0.22	0.05	0.12
Other inflows (outflows) of cash	-6.4%	0	0.06	-0.66
Net Cashflows From Investing Activities	32.4%	-19.47	-29.3	-20.6
Proceeds from issuing shares	-	0.12	0	0
Proceeds from borrowings	-	9.07	0	0
Repayments of borrowings	129.1%	10	-29.95	9.12
Dividends paid	-194.1%	0	0.66	0
Interest paid	52.6%	12	8.21	6.83
Other inflows (outflows) of cash	-9.9%	0	0.09	0
Net Cashflows from Financing Activities	-176.3%	-14.26	21	-15.95
Net change in cash and cash eq.	11.6%	0.16	0.05	-0.28

Income Statement for Hind Rectifiers

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

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	1.8%	169	166	136	151	137	132
Other Income	42.5%	0.5	0.13	0.51	0.38	0.08	0.1
Total Income	1.8%	169	166	136	152	137	132
Cost of Materials	-0.8%	127	128	109	106	99	105
Employee Expense	0%	16	16	14	14	15	14
Finance costs	-36.7%	2.52	3.4	3.26	4.13	3.23	2.84
Depreciation and Amortization	3.6%	2.15	2.11	2.01	2	2.02	1.88
Other expenses	-16.7%	11	13	9.52	10	8.75	9.93
Total Expenses	2%	156	153	126	144	128	126
Profit Before exceptional items and Tax	0%	13	13	9.72	7.74	8.32	6
Exceptional items before tax	-	0	0	0	0	-6.99	0
Total profit before tax	0%	13	13	9.72	7.74	1.33	6
Current tax	11.3%	3.16	2.94	3.1	0.1	0.38	0
Deferred tax	40.8%	0.29	-0.2	-0.31	2.52	-0.57	2.02
Total tax	40%	3.45	2.75	2.79	2.62	-0.19	2.02
Total profit (loss) for period	0%	10	10	6.93	5.12	1.52	3.98
Other comp. income net of taxes	9.3%	0.02	-0.08	0.02	0.08	-0.07	0.01
Total Comprehensive Income	0%	10	10	6.95	5.2	1.45	3.98
Earnings Per Share, Basic	-2.2%	5.84	5.95	4.04	2.99	0.89	2.32
Earnings Per Share, Diluted	-2%	5.83	5.93	4.03	2.98	0.88	2.31

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	44.4%	518	359	372	305	300	255
Other Income	47.3%	0.61	0.26	0.34	0.36	0.48	0.62
Total Income	44.4%	518	359	372	305	300	256
Cost of Materials	31.8%	382	290	289	229	222	193
Employee Expense	34.2%	52	39	37	33	30	22
Finance costs	68.3%	13	8.13	6.88	8.72	7.32	7
Depreciation and Amortization	55.8%	7.45	5.14	4.49	3.83	4.07	2.72
Other expenses	50%	37	25	25	17	23	22
Total Expenses	38.2%	493	357	361	298	274	240
Profit Before exceptional items and Tax	2122.2%	25	2.08	11	7.36	26	16
Exceptional items before tax	32.1%	-6.99	-10.77	0	0	0	0.45
Total profit before tax	275.6%	18	-8.68	11	7.36	26	17
Current tax	-	0.48	0	3.13	1.7	6.34	0
Deferred tax	211.4%	4.7	-2.32	0.23	0.33	1.42	4.86
Total tax	225.9%	5.18	-2.32	3.36	2.03	7.76	4.86
Total profit (loss) for period	263%	13	-6.36	7.8	5.33	18	12
Other comp. income net of taxes	-7.9%	0.04	0.11	0.1	0.13	-0.18	0.06
Total Comprehensive Income	265.5%	13	-6.25	7.9	5.46	18	12
Earnings Per Share, Basic	314.7%	11.39	-3.84	4.71	3.22	11.16	7.12
Earnings Per Share, Diluted	313.8%	11.35	-3.84	4.68	3.22	11.16	7.12

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

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-	169	-	-	-	-	-
Other Income	-	0.5	-	-	-	-	-
Total Income	-	169	-	-	-	-	-
Cost of Materials	-	127	-	-	-	-	-
Employee Expense	-	16	-	-	-	-	-
Finance costs	-	2.52	-	-	-	-	-
Depreciation and Amortization	-	2.15	-	-	-	-	-
Other expenses	-	11	-	-	-	-	-
Total Expenses	-	156	-	-	-	-	-
Profit Before exceptional items and Tax	-	13	-	-	-	-	-
Total profit before tax	-	13	-	-	-	-	-
Current tax	-	3.16	-	-	-	-	-
Deferred tax	-	0.29	-	-	-	-	-
Total tax	-	3.45	-	-	-	-	-
Total profit (loss) for period	-	10	-	-	-	-	-
Other comp. income net of taxes	-	0.02	-	-	-	-	-
Total Comprehensive Income	-	10	-	-	-	-	-
Earnings Per Share, Basic	-	5.84	-	-	-	-	-
Earnings Per Share, Diluted	-	5.83	-	-	-	-	-

Balance Sheet for Hind Rectifiers

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

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-16.4%	0.22	0.33	0.73	0.13	0.37	0.27
Loans, current	-1%	0.02	0.03	0.01	0.01	0	0
Total current financial assets	-13.5%	84	97	71	76	69	74
Inventories	10.4%	107	97	99	92	103	77
Current tax assets	-	0	-	1.93	1.39	1.56	0.73
Total current assets	3.4%	216	209	189	185	195	164
Property, plant and equipment	-2.6%	75	77	72	73	40	40
Capital work-in-progress	53.6%	12	8.16	8.37	6.87	29	18
Non-current investments	0%	0.13	0.13	0.13	0.13	0.13	0.13
Loans, non-current	-	0	0	0.01	0	0.01	0
Total non-current financial assets	-2.7%	7.24	7.41	7.59	1.25	1.41	1.07
Total non-current assets	-3.3%	118	122	113	107	98	82
Total assets	1.8%	337	331	303	292	293	246
Borrowings, non-current	-13.6%	20	23	21	24	27	21
Total non-current financial liabilities	-13.6%	20	23	26	25	27	21
Provisions, non-current	8.1%	5.52	5.18	5.22	5.21	5.65	5.27
Total non-current liabilities	-12.1%	30	34	31	30	32	27
Borrowings, current	-2.9%	103	106	84	80	80	54
Total current financial liabilities	-2.5%	156	160	143	140	153	107
Provisions, current	24.1%	4.14	3.53	2.17	2.69	2.55	2.43
Current tax liabilities	10300%	2.02	0.99	0	0	0.01	0.01
Total current liabilities	-3.5%	167	173	153	151	160	112
Total liabilities	-4.4%	197	206	185	181	192	139
Equity share capital	0%	3.43	3.43	3.42	3.42	3.31	3.31
Total equity	12.1%	140	125	118	112	101	107
Total equity and liabilities	1.8%	337	331	303	292	293	246

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

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 IndiaHeavy Electrical Equipment	1.17 LCr	12.54 kCr	-0.45%	-14.50%	62.26	9.29	+16.69%	+50.69%
SIEMENS	SiemensHeavy Electrical Equipment	1.01 LCr	21.94 kCr	-47.70%	-50.55%	35.7	4.6	+4.84%	+41.00%
CGPOWER	CG Power and Industrial SolutionsHeavy Electrical Equipment	96.79 kCr	9.49 kCr	-0.42%	+16.75%	103.79	10.2	+21.08%	-42.44%
TDPOWERSYS	TD Power SystemsHeavy Electrical Equipment	6.53 kCr	1.21 kCr	+1.74%	+21.08%	43.34	5.39	+20.63%	+20.78%

HIRECT - Hind Rectifiers Ltd. Share Price

What does Hind Rectifiers Ltd. do?

Sector Comparison: HIRECT vs Industrial Manufacturing

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Cash Flow for Hind Rectifiers

Income Statement for Hind Rectifiers

Balance Sheet for Hind Rectifiers

Is Hind Rectifiers Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)