Hind Rectifiers Ltd

Hind Rectifiers Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hind Rectifiers Ltd

₹ 1,299 1.41%
01 Jul - close price
hirect.com BSE: 504036 NSE: HIRECT
About

HRL manufactures power electronic equipment such as converters, inverters, propulsion system, rectifiers and railway transformation equipment like traction transformer for locomotive, motors, various types of panels for locomotive switch board cabinet, regulated battery charger, inverters and modular pantry. The manufacturing facilities are in Mumbai and Nasik, Maharashtra, and Dehradun, Uttarakhand, and its registered office is in Mumbai.

Key Points

Company Overview[1]
Established in 1958 in collaboration with Westinghouse Brake & Signal Co. Ltd (UK), Hind Rectifiers specializes in design, manufacturing, and supply of electrical and electronic equipment. Its core focus lies in power conversion products, catering primarily to the railway and industrial sectors.

Website BSE NSE
  • Market Cap ₹ 2,232 Cr.
  • Current Price ₹ 1,299
  • High / Low ₹ 1,591 / 660
  • Stock P/E 60.2
  • Book Value ₹ 93.2
  • Dividend Yield 0.09 %
  • ROCE 21.7 %
  • ROE 26.1 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 14.0 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2023 Mar 2024 Sep 2024 Dec 2024 Mar 2025
136.63 151.36 165.84 168.94 185.05
123.15 137.86 147.53 151.31 165.15
Operating Profit 13.48 13.50 18.31 17.63 19.90
OPM % 9.87% 8.92% 11.04% 10.44% 10.75%
-6.91 0.38 0.13 0.50 0.34
Interest 3.23 4.13 3.40 2.52 4.02
Depreciation 2.02 2.00 2.11 2.15 2.21
Profit before tax 1.32 7.75 12.93 13.46 14.01
Tax % -14.39% 33.81% 21.19% 25.63% 28.69%
1.52 5.12 10.19 10.01 9.99
EPS in Rs 0.89 2.99 5.95 5.83 5.82
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025
518 655
473 585
Operating Profit 44 70
OPM % 9% 11%
-6 1
Interest 13 13
Depreciation 7 8
Profit before tax 18 50
Tax % 29% 26%
13 37
EPS in Rs 7.30 21.62
Dividend Payout % -0% 9%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 113%
Stock Price CAGR
10 Years: 33%
5 Years: 59%
3 Years: 95%
1 Year: 90%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025
Equity Capital 3 3
Reserves 121 156
135 164
71 93
Total Liabilities 331 417
104 112
CWIP 8 7
Investments 0 0
219 298
Total Assets 331 417

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025
34 36
-19 -25
-14 -11
Net Cash Flow 0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025
Debtor Days 63 61
Inventory Days 92 92
Days Payable 45 46
Cash Conversion Cycle 110 107
Working Capital Days 100 100
ROCE % 22%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
42.25% 42.25% 42.25% 44.08% 44.08% 44.08% 44.08% 44.05% 44.05% 44.05% 43.98% 43.98%
6.47% 6.47% 6.47% 6.26% 6.26% 6.26% 5.72% 5.76% 5.82% 5.97% 6.28% 6.03%
0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.07% 0.01%
51.26% 51.26% 51.26% 49.64% 49.64% 49.65% 50.18% 50.16% 50.13% 49.95% 49.64% 49.96%
No. of Shareholders 9,6529,5539,1368,9217,9837,5808,4039,93610,99714,31916,59318,241

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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