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Hind Rectifiers Limited HIRECT NSEINFRA

Industrials · Electrical Equipment & Parts · India
https://hirect.com
Company Profile ↓
₹1,222.40
+28.31% 1Y
Mkt Cap₹4,201.10 Cr
P/E93.67
P/B21.59
Div. Yield0.11%
52W High₹1,338.00
52W Low₹579.19
Book Value₹60.69
EPS (TTM)₹13.05

Company Overview

Hirect 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 for railways, IGBT propulsion systems manufacturers and suppliers, auxillary converters and battery chargers, on-board AC to DC rectifiers systems, traction motor, electrical switch boards and railway equipments, electronic safety protection device for railways, rolling stock HVAC systems for railway, industrial electrostatic precipitator system manufacturer, high current rectifiers manufacturers, power quality improvement, and special rectifiers. It also provides servicing, AMC and erectioning, and commissioning services. Its products are used in electro static precipitator, electro chemicals, and other applications. The company was formerly know as Hind Rectifiers Limited and change its name to Hirect Limited in July 2026. Hirect Limited was incorporated in 1958 and is based in Mumbai, India.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 21.6%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 26.3%.

Consistent Profit Growth

Net profit has compounded at 269.1% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 40.7% CAGR over the past five years.

Recent Developments

  • Mar 2026 Revenue of ₹997.15 Cr (+52.4% YoY); net profit ₹45.01 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +52.4%, earnings +21.3%.
  • 5-Year Trend Long-term compounding — revenue CAGR 40.7%, profit CAGR 269.1%.

Growth & Price Performance

Compounded Sales Growth

5 Years:40.74%
1 Year:52.41%

Compounded Profit Growth

5 Years:269.12%
1 Year:21.27%

Stock Price Performance

1 Year:+28.31%
6 Months:+68.00%
3 Months:+11.43%
1 Month:-5.77%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 85% of range
₹579.19 ₹1,338.00
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMAAbove
  • RSI (14)46.05 · Neutral
Price Performance
1M-5.77%
3M+11.43%
6M+68.00%
1Y+28.31%
Valuation vs Sector

P/E of 93.67 is above the sector median of 28.90 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Strong return on equity of 21.6%.
  • Healthy ROCE of 26.3%.
  • Compounding revenue at 40.7% 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 93.7.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
93.67
Industry PE
28.90
Forward P/E est.
77.24
PEG Ratio
-
Book Value
₹60.69
Price to Book
21.59
P/S
4.51
EV/EBITDA
60.17
Dividend Yield
0.11%

Growth (CAGR)

Revenue 5Y
40.74%
Profit 5Y
269.12%
Revenue (YoY)
52.41%
Earnings (YoY)
21.27%

Profitability & Returns

ROCE
26.30%
ROE
21.58%
ROA
6.80%
Profit Margin
4.51%
Op Margin
7.44%
Gross Margin
25.72%
EPS (Latest Qtr)
₹1.51
EPS (TTM)
₹13.05

Balance Sheet & Liquidity

Debt/Equity
1.17
Quick Ratio
0.75
Current Ratio
1.12
Debt
₹244.64 Cr
Total Assets
₹662.07 Cr
Current Assets
₹445.44 Cr
Working Capital
₹49.10 Cr

Ownership

Promoter Holding
61.34%
Chg in Prom Hold
-0.92%
FII / Inst Holding
3.14%
Chg in FII Hold
3.06%

Financial Snapshot

Enterprise Value
₹4,201.10 Cr
Total Revenue (TTM)
₹997.15 Cr
EBITDA
₹83.72 Cr
Free Cash Flow
₹-11.58 Cr
Operating Cash Flow
₹85.81 Cr
Shares Outstanding
₹3.44 Cr
Gross Margin
25.72%
Payout Ratio
7.66%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HIRECT Hind Rectifiers Limited NSEINFRA 1,222.40 93.67 ₹4,201.10 Cr 0.11% 26.30% 21.58% 40.74% 269.12%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,964.10 33.92 ₹5.45 L Cr 0.94% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,707.30 29.32 ₹3.93 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,856.00 35.63 ₹3.25 L Cr 0.41% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 405.35 48.90 ₹2.96 L Cr 0.63% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,977.00 -80.43 ₹1.92 L Cr 0.24% 4.02% -34.31% 15.55% -227.40%
7 ABB ABB India Limited NSEAIINFRA 7,410.00 94.12 ₹1.57 L Cr 0.51% 28.45% 21.29% 15.41% 17.97%
8 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 431.10 93.72 ₹1.50 L Cr 0.34% 6.60% 6.12% 13.49% 35.91%
9 SIEMENS Siemens Limited NSEAIINFRA 3,977.00 51.47 ₹1.42 L Cr 0.46% 16.46% 19.90% 3.04% 10.90%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 136.63 Cr151.36 Cr135.53 Cr165.85 Cr168.94 Cr185.05 Cr214.77 Cr227.15 Cr277.39 Cr279.81 Cr
Cost of Revenue -----137.02 Cr158.55 Cr169.57 Cr199.05 Cr208.83 Cr
Gross Profit -----48.03 Cr56.23 Cr57.57 Cr78.34 Cr70.98 Cr
Operating Expenses 123.15 Cr137.86 Cr121.05 Cr147.54 Cr151.31 Cr30.34 Cr34.73 Cr34.49 Cr57.25 Cr66.41 Cr
Operating Income 11.46 Cr11.50 Cr12.47 Cr16.20 Cr15.48 Cr17.68 Cr21.50 Cr23.08 Cr21.09 Cr4.57 Cr
EBITDA 13.48 Cr13.50 Cr14.48 Cr18.31 Cr17.63 Cr20.24 Cr24.45 Cr26.01 Cr24.47 Cr8.79 Cr
Interest Expense 3.23 Cr4.13 Cr3.26 Cr3.40 Cr2.52 Cr4.02 Cr3.62 Cr3.56 Cr4.71 Cr4.09 Cr
Pretax Income 1.32 Cr7.75 Cr9.72 Cr12.93 Cr13.46 Cr14.01 Cr18.10 Cr19.64 Cr15.32 Cr84.60 L
Tax Provision -18.99 L2.62 Cr2.79 Cr2.74 Cr3.45 Cr4.01 Cr5.34 Cr4.92 Cr2.62 Cr2.44 Cr
Net Income 1.52 Cr5.12 Cr6.93 Cr10.19 Cr10.01 Cr9.99 Cr12.77 Cr14.72 Cr12.70 Cr4.50 Cr
Diluted EPS 0.441.492.022.972.922.913.714.293.781.51

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -357.71 Cr517.04 Cr654.25 Cr997.15 Cr
Cost of Revenue -280.83 Cr386.00 Cr480.52 Cr740.65 Cr
Gross Profit -76.87 Cr131.04 Cr173.73 Cr256.49 Cr
Operating Expenses -65.19 Cr89.17 Cr106.78 Cr182.30 Cr
Operating Income -11.68 Cr41.87 Cr66.95 Cr74.20 Cr
EBITDA -4.58 Cr37.86 Cr71.79 Cr83.72 Cr
Interest Expense -8.13 Cr12.73 Cr13.19 Cr15.98 Cr
Pretax Income --8.68 Cr17.69 Cr50.11 Cr53.91 Cr
Tax Provision --2.32 Cr5.18 Cr13.00 Cr15.31 Cr
Net Income --6.36 Cr12.51 Cr37.11 Cr45.01 Cr
Diluted EPS 2.34-1.923.6410.8213.05

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -292.28 Cr331.02 Cr417.29 Cr662.07 Cr
Current Assets -185.56 Cr208.95 Cr267.00 Cr445.44 Cr
Cash & Equivalents -12.56 L32.70 L29.40 L3.91 Cr
Inventory -92.44 Cr96.72 Cr120.73 Cr149.11 Cr
Receivables -67.56 Cr89.16 Cr109.55 Cr246.42 Cr
Total Liabilities -180.57 Cr206.49 Cr257.42 Cr456.26 Cr
Current Liabilities -150.83 Cr172.92 Cr218.43 Cr396.34 Cr
Long Term Debt -24.33 Cr23.35 Cr28.40 Cr32.50 Cr
Total Debt -104.75 Cr135.09 Cr164.27 Cr244.64 Cr
Total Equity -111.71 Cr124.53 Cr159.87 Cr208.57 Cr
Shares Outstanding -3.42 Cr3.43 Cr3.43 Cr3.44 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -33.03 Cr33.90 Cr35.62 Cr85.81 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 Cr8.11 Cr
Capital Expenditure --29.42 Cr-14.33 Cr-22.72 Cr-97.39 Cr
Free Cash Flow -3.61 Cr19.57 Cr12.91 Cr-11.58 Cr
Net Change in Cash -4.96 L16.08 L-41.90 L3.65 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -21.5%25.3%26.6%25.7%
Operating Margin % -3.3%8.1%10.2%7.4%
Net Margin % --1.8%2.4%5.7%4.5%
ROE % --5.7%10.0%23.2%21.6%
ROCE % -8.3%26.5%33.7%27.9%

Shareholding Pattern

Insiders
61.34%
Institutions
3.14%
Public Float
8.12%

Analyst View

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Latest News

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HIRECT — Frequently Asked Questions

What is the current share price of Hind Rectifiers Limited (HIRECT)?

As of 2026-09-08 04:53 IST, Hind Rectifiers Limited (HIRECT) trades at ₹1,222.40 on NSE. Its 52-week range is ₹579.19 to ₹1,338.00.

What is the market capitalisation of HIRECT?

Hind Rectifiers Limited (HIRECT) has a market capitalisation of ₹4,201.10 Cr on NSE.

What is the P/E ratio of HIRECT?

HIRECT trades at a trailing price-to-earnings (P/E) ratio of 93.67. The industry average P/E is 28.90. Its price-to-book (P/B) ratio is 21.59.

Does HIRECT pay a dividend?

Hind Rectifiers Limited (HIRECT) currently offers a dividend yield of 0.11%.

What is the return on equity (ROE) of HIRECT?

HIRECT has a return on equity (ROE) of 21.58%. Its return on capital employed (ROCE) is 26.30%.

Is HIRECT a good stock to buy?

This page provides a data-driven analysis of Hind Rectifiers Limited (HIRECT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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