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Hind Rectifiers Limited

Hind Rectifiers Limited

NSE: HIRECT
Electrical Equipment & PartsIndustrialsSMALL CAPMCap ₹3.96k Cr
₹1,116.20₹21.40 (+1.95%)

Market Closed • NSE

Market cap₹3.96k Cr
Enterprise value₹4.00k Cr
P/E TTM90.82
P/B18.39
EPS TTM₹12.29
D/E1.19
Dividend yield0.00%
52W high₹1,399.00
52W low₹565.20
Price chart(1Y)
1Y Return:+0.40% (+₹4.40)
H: ₹1,399L: ₹1,001
1W-0.13%
1M-7.90%
3M-10.85%
6M+19.80%
1Y+38.37%
Today at a glance

Day range

₹1,072.10₹1,129.00

52 week range

₹565.20₹1,399.00
Volume50.3K1.36x 20D avg
Free float50.00%+35.90% volume

Hind Rectifiers Limited closed at INR1116.20 (+1.95%) on volume 1.36x its 20-day average, trading 20.21% below its 52-week high.

Technical analysis
RSI (14)40.8Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹50.03High
SMA 20₹1,159.84BEARISH
SMA 50₹1,211.61BEARISH
SMA 100₹1,192.46BEARISH
SMA 200₹981.58BULLISH
CPR bottom₹1,114.55
Pivot₹1,107.97
CPR top₹1,101.38
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved -64.5% QoQ

2026-08-04

DIVIDEND Announced

Dividend - Rs 1.40 Per Share

2026-03-27

BONUS Announced

Bonus 1:1

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹244.6 Cr₹3.96k Cr6.18%≤ 33%PASS
Non-halal income ratio–₹999.1 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹658.2 Cr₹662.1 Cr99.41%≥ 20%PASS
Receivables ratio–₹662.1 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E90.8228.10
Forward P/E——
P/B18.393.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield1.103.60
Growth & profitability
RevenuePAT
FY19PAT margin —
FY20PAT margin 6.20%
FY23PAT margin -1.80%
FY24PAT margin 2.40%
FY25PAT margin 5.70%
FY26PAT margin 4.50%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+40.80%
Revenue CAGR 5Y+31.40%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin3.29%
Net margin4.00%
Financial health & cash flow
Net debt₹240.7 CrModerate
Interest coverage4.40xEBIT / interest
CFO / PAT1.64x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹85.8 Cr
Capital expenditure–
Free cash flow₹-1158.1 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall50/100
Valuation35/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.64x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 90.8x

Bull case

Market Leadership: Established operational scale in Electrical Equipment & Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
04 Aug 2026Dividend₹1.40 / share—04 Aug 2026
27 Mar 2026Bonus issue1:1 bonus ratio—27 Mar 2026
22 Jul 2025Dividend₹2.00 / share—22 Jul 2025
—Dividend₹1.20 / share—25 Jul 2024
—Dividend₹0.40 / share—01 Aug 2022
—Dividend₹0.40 / share—04 Aug 2021
—Dividend₹0.80 / share—07 Sept 2020
—Dividend₹0.40 / share—30 Jul 2019
—Annual General MeetingAnnual General Meeting—01 Aug 2018
18 Oct 2017Rights issueRights 1:10 @ Premium Rs 78/-—17 Oct 2017
—Annual General MeetingAnnual General Meeting—24 Aug 2017
—Annual General MeetingAnnual General Meeting—21 Jul 2016
—Annual General MeetingAnnual General Meeting—07 Aug 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)46.61%+2.34% latest vs average
Highest delivery57.69%on 28 Sept
Average volume (20D)37.0KTrading-session average
Conviction trendStrengthening+2.34% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Hind Rectifiers Limited
Hind Rectifiers Limited

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.

IndiaIndustrials

Questions investors ask
Is Hind Rectifiers Limited Shariah compliant?

Hind Rectifiers Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (6.18%) complies with AAOIFI threshold (≤ 33%).

What is Hind Rectifiers Limited's current valuation relative to peers?

Hind Rectifiers Limited trades at a P/E of 90.8x compared to the sector median of 28.1x, and a Price-to-Book of 18.4x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.19x. Interest coverage is 4.4x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 31.4% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.