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Hind Rectifiers Overview

Hind Rectifiers Ltd is engaged in growing, designing, manufacturing and advertising and marketing power semiconductor, power electronic system and railway transportation equipment. It manufactures high current rectifiers, inverters, high voltage and converters. The Company's segments encompass Electronic Components and Equipment. The Equipment department manufactures electronic stability application (ESP), Loco Transformers, Water Cooled Rectifiers, Thyristor controlled reactor (TCR). Its Traction department manufactures inverters, converters a...Read More

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Hind Rectifiers Key Financials

Market Cap ₹3207 Cr.

Stock P/E 86.4

P/B 15.5

Current Price ₹933

Book Value ₹ 60

Face Value 2

52W High ₹1050.5

Dividend Yield 0.11%

52W Low ₹ 440.2

Hind Rectifiers Share Price

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Volume
Price

Hind Rectifiers Quarterly Price

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Hind Rectifiers Peer Comparison

Hind Rectifiers Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 137 151 136 166 169 185 215 227 277
Other Income 0 0 1 0 1 0 0 0 0
Total Income 137 152 136 166 169 185 215 227 278
Total Expenditure 123 138 121 148 151 165 191 201 252
Operating Profit 14 14 15 18 18 20 24 26 26
Interest 3 4 3 3 3 4 4 4 5
Depreciation 2 2 2 2 2 2 3 3 4
Exceptional Income / Expenses -7 0 0 0 0 0 0 0 -1
Profit Before Tax 1 8 10 13 13 14 18 20 15
Provision for Tax -0 3 3 3 3 4 5 5 3
Profit After Tax 2 5 7 10 10 10 13 15 13
Adjustments 0 -0 0 0 0 -0 0 0 0
Profit After Adjustments 2 5 7 10 10 10 13 15 13
Adjusted Earnings Per Share 0.4 1.5 2 3 2.9 2.9 3.7 4.3 3.8

Hind Rectifiers Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 518 655 904
Other Income 4 1 0
Total Income 521 657 905
Total Expenditure 476 585 809
Operating Profit 46 72 96
Interest 13 14 17
Depreciation 7 8 12
Exceptional Income / Expenses -7 0 -1
Profit Before Tax 18 50 67
Provision for Tax 5 13 17
Profit After Tax 13 37 51
Adjustments 0 0 0
Profit After Adjustments 13 37 51
Adjusted Earnings Per Share 3.6 10.8 14.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 26% 0% 0% 0%
Operating Profit CAGR 57% 0% 0% 0%
PAT CAGR 185% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 99% 104% 70% 40%
ROE Average 26% 18% 18% 18%
ROCE Average 22% 17% 17% 17%

Hind Rectifiers Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 125 160
Minority's Interest 0 0
Borrowings 23 28
Other Non-Current Liabilities 8 11
Total Current Liabilities 173 218
Total Liabilities 329 417
Fixed Assets 90 107
Other Non-Current Assets 30 43
Total Current Assets 209 264
Total Assets 329 417

Hind Rectifiers Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 2
Cash Flow from Operating Activities 34 36
Cash Flow from Investing Activities -19 -25
Cash Flow from Financing Activities -14 -11
Net Cash Inflow / Outflow 0 -0
Closing Cash & Cash Equivalent 2 1

Hind Rectifiers Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.65 10.81
CEPS(Rs) 5.82 13.28
DPS(Rs) 0.6 1
Book NAV/Share(Rs) 36.17 46.48
Core EBITDA Margin(%) 8.07 10.8
EBIT Margin(%) 6.01 9.74
Pre Tax Margin(%) 3.42 7.65
PAT Margin (%) 2.42 5.66
Cash Profit Margin (%) 3.86 6.96
ROA(%) 3.8 9.95
ROE(%) 10.09 26.18
ROCE(%) 12.26 22.3
Receivable days 62.88 55.33
Inventory Days 68.21 60.55
Payable days 44.91 40.9
PER(x) 82.49 43.33
Price/Book(x) 8.32 10.08
Dividend Yield(%) 0.2 0.21
EV/Net Sales(x) 2.24 2.69
EV/Core EBITDA(x) 25.47 24.43
Net Sales Growth(%) 0 26.63
EBIT Growth(%) 0 105.25
PAT Growth(%) 0 196.66
EPS Growth(%) 0 196.23
Debt/Equity(x) 1.04 1
Current Ratio(x) 1.21 1.21
Quick Ratio(x) 0.65 0.65
Interest Cover(x) 2.32 4.66
Total Debt/Mcap(x) 0.12 0.1

Hind Rectifiers Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 44.08 44.05 44.05 44.05 43.98 43.98 43.98 43.93 43.93 43.93
FII 5.72 5.76 5.82 5.97 6.28 6.03 6.3 6.64 6.21 6.38
DII 0.02 0.02 0.02 0.02 0.08 0.02 0.07 0.12 0.12 0.12
Public 50.18 50.17 50.12 49.96 49.65 49.97 49.64 49.31 49.74 49.57
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Hind Rectifiers News

Hind Rectifiers Pros & Cons

Pros

  • Debtor days have improved from 44.91 to 40.9days.

Cons

  • Promoter holding is low: 43.93%.
  • Stock is trading at 15.5 times its book value.
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