Hind Rectifiers Limited HIRECT NSEINFRA
Company Overview
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.
Why Investors Should Care
Generates a return on equity of 21.6%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 26.3%.
Net profit has compounded at 269.1% per year over the last five years.
Revenue has grown at a 40.8% CAGR over the past five years.
Recent Developments
- Mar 2026 Revenue of ₹999.12 Cr (+52.5% 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 40.8%, profit CAGR 269.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 40.83% |
| 1 Year: | 52.45% |
Compounded Profit Growth
| 5 Years: | 269.12% |
| 1 Year: | 21.27% |
Stock Price Performance
| 1 Year: | +54.55% |
| 6 Months: | +53.30% |
| 3 Months: | +18.67% |
| 1 Month: | -6.50% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)45.62 · Neutral
P/E of 98.31 is above the sector median of 29.60 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
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 40.8% 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 98.3.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 1,061.80 | 98.31 | ₹3,649.15 Cr | 0.09% | 26.30% | 21.58% | 40.83% | 269.12% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,849.40 | 32.93 | ₹5.30 L Cr | 0.96% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,834.20 | 31.50 | ₹4.23 L Cr | 0.42% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 410.75 | 56.42 | ₹3.00 L Cr | 1.05% | 31.88% | 25.27% | 16.63% | 26.64% |
| 5 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,463.30 | 32.75 | ₹2.98 L Cr | 0.44% | 13.80% | 22.21% | 7.87% | 16.08% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 5,202.50 | -84.07 | ₹2.01 L Cr | 0.24% | 4.02% | -34.31% | 16.59% | -227.40% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,535.50 | 64.97 | ₹1.53 L Cr | 1.17% | 34.95% | 27.87% | 16.07% | 24.35% |
| 8 | ABB ABB India Limited NSEAIINFRA | 6,951.50 | 88.30 | ₹1.47 L Cr | 0.58% | 28.45% | 21.29% | 15.41% | 17.97% |
| 9 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 33,005.00 | 148.92 | ₹1.47 L Cr | 0.02% | 24.92% | 19.09% | 22.24% | 119.12% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 136.63 Cr | 151.36 Cr | 135.53 Cr | 165.85 Cr | 168.94 Cr | 185.05 Cr | 214.77 Cr | 227.15 Cr | 277.39 Cr | 279.81 Cr |
| Cost of Revenue | - | - | - | - | - | 137.02 Cr | 158.55 Cr | 169.57 Cr | 199.05 Cr | 208.83 Cr |
| Gross Profit | - | - | - | - | - | 48.03 Cr | 56.23 Cr | 57.57 Cr | 78.34 Cr | 70.98 Cr |
| Operating Expenses | 123.15 Cr | 137.86 Cr | 121.05 Cr | 147.54 Cr | 151.31 Cr | 30.34 Cr | 34.73 Cr | 34.49 Cr | 57.25 Cr | 66.41 Cr |
| Operating Income | 11.46 Cr | 11.50 Cr | 12.47 Cr | 16.20 Cr | 15.48 Cr | 17.68 Cr | 21.50 Cr | 23.08 Cr | 21.09 Cr | 4.57 Cr |
| EBITDA | 13.48 Cr | 13.50 Cr | 14.48 Cr | 18.31 Cr | 17.63 Cr | 20.24 Cr | 24.45 Cr | 26.01 Cr | 24.47 Cr | 8.79 Cr |
| Interest Expense | 3.23 Cr | 4.13 Cr | 3.26 Cr | 3.40 Cr | 2.52 Cr | 4.02 Cr | 3.62 Cr | 3.56 Cr | 4.71 Cr | 4.09 Cr |
| Pretax Income | 1.32 Cr | 7.75 Cr | 9.72 Cr | 12.93 Cr | 13.46 Cr | 14.01 Cr | 18.10 Cr | 19.64 Cr | 15.32 Cr | 84.60 L |
| Tax Provision | -18.99 L | 2.62 Cr | 2.79 Cr | 2.74 Cr | 3.45 Cr | 4.01 Cr | 5.34 Cr | 4.92 Cr | 2.62 Cr | 2.44 Cr |
| Net Income | 1.52 Cr | 5.12 Cr | 6.93 Cr | 10.19 Cr | 10.01 Cr | 9.99 Cr | 12.77 Cr | 14.72 Cr | 12.70 Cr | 4.50 Cr |
| Diluted EPS | 0.44 | 1.49 | 2.02 | 2.97 | 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 | - |
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.
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HIRECT — Frequently Asked Questions
What is the current share price of Hind Rectifiers Limited (HIRECT)?
As of 2026-07-15 09:52 IST, Hind Rectifiers Limited (HIRECT) trades at ₹1,061.80 on NSE. Its 52-week range is ₹579.80 to ₹1,192.20.
What is the market capitalisation of HIRECT?
Hind Rectifiers Limited (HIRECT) has a market capitalisation of ₹3,649.15 Cr on NSE.
What is the P/E ratio of HIRECT?
HIRECT trades at a trailing price-to-earnings (P/E) ratio of 98.31. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 17.36.
Does HIRECT pay a dividend?
Hind Rectifiers Limited (HIRECT) currently offers a dividend yield of 0.09%.
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.