Hind Rectifiers Ltd
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.
- Market Cap ₹ 3,252 Cr.
- Current Price ₹ 1,895
- High / Low ₹ 1,943 / 741
- Stock P/E 75.7
- Book Value ₹ 93.2
- Dividend Yield 0.12 %
- ROCE 21.6 %
- ROE 25.6 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 20.4 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 518 | 655 | 735 | |
| 473 | 585 | 655 | |
| Operating Profit | 45 | 71 | 80 |
| OPM % | 9% | 11% | 11% |
| -6 | 1 | 1 | |
| Interest | 13 | 14 | 14 |
| Depreciation | 7 | 8 | 9 |
| Profit before tax | 18 | 50 | 58 |
| Tax % | 29% | 26% | |
| 13 | 37 | 43 | |
| EPS in Rs | 7.30 | 21.62 | 25.04 |
| Dividend Payout % | 16% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 110% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 73% |
| 3 Years: | 113% |
| 1 Year: | 125% |
| 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 |
| 90 | 107 | |
| CWIP | 22 | 12 |
| 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 | 24 | 25 |
| ROCE % | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8m - Newspaper copies related to postal ballot notice dated July 29, 2025
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13m
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 16h
- Announcement under Regulation 30 (LODR)-Investor Presentation 18h
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19h - Q1FY26 revenue up 58.5% to ₹214.8 Cr; robust ₹1,025 Cr order book; new Indian Railways propulsion orders secured.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Jul 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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Feb 2025TranscriptNotesPPT
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.