Hind Rectifiers Limited HIRECT NSEINFRA
Hind Rectifiers Limited designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally. The company provides traction and aux transformers, IGBT propulsion systems, auxiliary converters and battery chargers, on-board DC rectifiers, traction motors, and electrical switch boards and railway equipment, as well as electronic safety protection devices and rolling stock HVAC systems for railway. It also offers industrial electrostatic precipitator systems, rectifiers, active harmonic filters, and DC air cored reactors. In addition, the company provides repairing and servicing, AMC and erectioning, and commissioning services. Its products are used in electro static precipitator, electro chemical, and other applications. Hind Rectifiers Limited was incorporated in 1958 and is based in Mumbai, India.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 21.1%.
- Healthy ROCE of 26.3%.
- Compounding revenue at 40.8% over 5 years.
- Profit CAGR of 269.1% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 81.3.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HIRECT Hind Rectifiers Limited NSEINFRA | 1,113.95 | 81.31 | ₹3,828.90 Cr | 0.09% | 26.30% | 21.11% | 40.83% | 269.12% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | 168.94 Cr | 185.05 Cr | 214.77 Cr | 227.15 Cr | 277.39 Cr | 279.81 Cr |
| Cost of Revenue | - | 124.78 Cr | 137.02 Cr | 158.55 Cr | 169.57 Cr | 199.05 Cr | 208.83 Cr |
| Gross Profit | - | 44.16 Cr | 48.03 Cr | 56.23 Cr | 57.57 Cr | 78.34 Cr | 70.98 Cr |
| Operating Expenses | - | 28.69 Cr | 30.34 Cr | 34.73 Cr | 34.49 Cr | 57.25 Cr | 66.41 Cr |
| Operating Income | - | 15.47 Cr | 17.68 Cr | 21.50 Cr | 23.08 Cr | 21.09 Cr | 4.57 Cr |
| EBITDA | - | 18.13 Cr | 20.24 Cr | 24.45 Cr | 26.01 Cr | 24.47 Cr | 8.79 Cr |
| Interest Expense | - | 2.52 Cr | 4.02 Cr | 3.62 Cr | 3.56 Cr | 4.71 Cr | 4.09 Cr |
| Pretax Income | - | 13.46 Cr | 14.01 Cr | 18.10 Cr | 19.64 Cr | 15.32 Cr | 84.60 L |
| Tax Provision | - | 3.45 Cr | 4.01 Cr | 5.34 Cr | 4.92 Cr | 2.62 Cr | 2.44 Cr |
| Net Income | - | 10.01 Cr | 9.99 Cr | 12.77 Cr | 14.72 Cr | 12.70 Cr | 4.50 Cr |
| Diluted EPS | 2.96 | 2.92 | 2.91 | 3.71 | 4.29 | 3.78 | 1.51 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 357.71 Cr | 517.04 Cr | 655.37 Cr | 999.12 Cr |
| Cost of Revenue | - | 280.83 Cr | 386.00 Cr | 478.29 Cr | 736.01 Cr |
| Gross Profit | - | 76.87 Cr | 131.04 Cr | 177.08 Cr | 263.12 Cr |
| Operating Expenses | - | 65.19 Cr | 89.17 Cr | 115.26 Cr | 192.88 Cr |
| Operating Income | - | 11.68 Cr | 41.87 Cr | 61.82 Cr | 70.24 Cr |
| EBITDA | - | 4.58 Cr | 37.86 Cr | 71.79 Cr | 83.72 Cr |
| Interest Expense | - | 8.13 Cr | 12.73 Cr | 13.19 Cr | 15.98 Cr |
| Pretax Income | - | -8.68 Cr | 17.69 Cr | 50.11 Cr | 53.91 Cr |
| Tax Provision | - | -2.32 Cr | 5.18 Cr | 13.00 Cr | 15.31 Cr |
| Net Income | - | -6.36 Cr | 12.51 Cr | 37.11 Cr | 45.01 Cr |
| Diluted EPS | 2.34 | -1.92 | 3.64 | 10.80 | - |
Compounded Sales Growth
| 5 Years: | 40.83% |
| 1 Year: | 51.20% |
Compounded Profit Growth
| 5 Years: | 269.12% |
| 1 Year: | -54.90% |
Stock Price Performance
| 1 Year: | +73.63% |
| 6 Months: | +53.65% |
| 3 Months: | +57.59% |
| 1 Month: | +18.29% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 292.28 Cr | 331.02 Cr | 417.29 Cr | 662.07 Cr |
| Current Assets | - | 185.56 Cr | 208.95 Cr | 267.00 Cr | 445.44 Cr |
| Cash & Equivalents | - | 12.56 L | 32.70 L | 29.34 L | 3.91 Cr |
| Inventory | - | 92.44 Cr | 96.72 Cr | 120.73 Cr | 149.11 Cr |
| Receivables | - | 67.56 Cr | 89.16 Cr | 109.55 Cr | 246.42 Cr |
| Total Liabilities | - | 180.57 Cr | 206.49 Cr | 257.42 Cr | 456.26 Cr |
| Current Liabilities | - | 150.83 Cr | 172.92 Cr | 218.43 Cr | 396.34 Cr |
| Long Term Debt | - | 24.33 Cr | 23.35 Cr | 28.40 Cr | 32.50 Cr |
| Total Debt | - | 104.75 Cr | 135.09 Cr | 164.27 Cr | 244.64 Cr |
| Total Equity | - | 111.71 Cr | 124.53 Cr | 159.87 Cr | 208.57 Cr |
| Shares Outstanding | - | 3.42 Cr | 3.43 Cr | 3.43 Cr | 3.44 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 33.03 Cr | 33.90 Cr | 35.62 Cr | 85.81 Cr |
| Investing Cash Flow | - | -29.30 Cr | -19.47 Cr | -25.31 Cr | -90.27 Cr |
| Financing Cash Flow | - | -3.68 Cr | -14.26 Cr | -10.74 Cr | 8.11 Cr |
| Capital Expenditure | - | -29.42 Cr | -14.33 Cr | -22.72 Cr | -97.39 Cr |
| Free Cash Flow | - | 3.61 Cr | 19.57 Cr | 12.91 Cr | -11.58 Cr |
| Net Change in Cash | - | 4.96 L | 16.08 L | -41.90 L | 3.65 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 21.5% | 25.3% | 27.0% | 26.3% |
| Operating Margin % | - | 3.3% | 8.1% | 9.4% | 7.0% |
| Net Margin % | - | -1.8% | 2.4% | 5.7% | 4.5% |
| ROE % | - | -5.7% | 10.0% | 23.2% | 21.6% |
| ROCE % | - | 8.3% | 26.5% | 31.1% | 26.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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