Hind Rectifiers, 504036, HIRECT Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

2,548.87
53.68
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

2,726.08
0.13%
13.40

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

21.44
16.52
22.21

EBITDA CAGR (%)

10 Years
5 Years
3 Years

42.47
28.80
35.64

PAT CAGR (%)

10 Years
5 Years
3 Years

-
47.55
-

P:E (Median)

8 Years
5 Years
3 Years

61.26
61.26
61.26

P:BV (Average)

8 Years
5 Years
3 Years

10.60
10.60
10.60

EV:EBITDA (Average)

8 Years
5 Years
3 Years

26.09
26.09
26.09

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 227.15 165.84 36.97% 214.77 135.53 58.47% 185.05 151.36 22.26% 168.94 136.63 23.65%
Expenses 201.24 147.54 36.40% 190.50 121.05 57.37% 164.99 137.85 19.69% 151.32 123.14 22.88%
EBITDA 25.91 18.31 41.51% 24.27 14.48 67.61% 20.06 13.50 48.59% 17.63 13.49 30.69%
EBIDTM 11.41% 11.04% 11.30% 10.68% 10.84% 8.92% 10.43% 9.87%
Other Income 0.13 0.13 0.00% 0.23 0.51 -54.90% 0.34 0.38 -10.53% 0.50 0.08 525.00%
Interest 3.56 3.40 4.71% 3.62 3.26 11.04% 4.02 4.13 -2.66% 2.52 3.23 -21.98%
Depreciation 2.81 2.11 33.18% 2.73 2.01 35.82% 2.21 2.00 10.50% 2.15 2.02 6.44%
PBT 19.67 12.93 52.13% 18.15 9.72 86.73% 14.17 7.74 83.07% 13.46 1.32 919.70%
Tax 4.92 2.75 78.91% 5.34 2.79 91.40% 4.01 2.62 53.05% 3.45 -0.19 -
PAT 14.75 10.18 44.89% 12.81 6.93 84.85% 10.15 5.12 98.24% 10.01 1.52 558.55%
PATM 6.49% 6.14% 5.97% 5.11% 5.49% 3.38% 5.92% 1.11%
EPS 8.58 5.92 44.93% 7.45 4.03 84.86% 5.90 2.98 97.99% 5.82 0.88 561.36%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 227.15 165.84 36.97% 214.77 135.53 58.47% 185.05 151.36 22.26% 168.94 136.63 23.65%
Expenses 201.26 147.54 36.41% 190.55 121.05 57.41% 165.15 137.85 19.80% 151.32 123.14 22.88%
EBITDA 25.89 18.31 41.40% 24.23 14.48 67.33% 19.90 13.50 47.41% 17.63 13.49 30.69%
EBIDTM 11.40% 11.04% 11.28% 10.68% 10.75% 8.92% 10.43% 9.87%
Other Income 0.13 0.13 0.00% 0.23 0.51 -54.90% 0.34 0.38 -10.53% 0.50 0.08 525.00%
Interest 3.56 3.40 4.71% 3.62 3.26 11.04% 4.02 4.13 -2.66% 2.52 3.23 -21.98%
Depreciation 2.81 2.11 33.18% 2.73 2.01 35.82% 2.21 2.00 10.50% 2.15 2.02 6.44%
PBT 19.64 12.93 51.89% 18.10 9.72 86.21% 14.01 7.74 81.01% 13.46 1.32 919.70%
Tax 4.92 2.75 78.91% 5.34 2.79 91.40% 4.01 2.62 53.05% 3.45 -0.19 -
PAT 14.72 10.18 44.60% 12.77 6.93 84.27% 9.99 5.12 95.12% 10.01 1.52 558.55%
PATM 6.48% 6.14% 5.94% 5.11% 5.40% 3.38% 5.92% 1.11%
EPS 8.57 5.94 44.28% 7.44 4.04 84.16% 5.82 2.99 94.65% 5.83 0.89 555.06%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 795.91 655.37 517.55 359.10 372.10 305.10 299.62 255.14 125.69 111.48 93.94 Net Sales Growth 35.05% 26.63% 44.12% -3.49% 21.96% 1.83% 17.43% 102.99% 12.75% 18.67% Cost Of Goods Sold 589.92 478.29 384.33 279.57 288.33 235.66 209.34 185.91 87.96 78.83 66.03 Gross Profit 205.99 177.08 133.23 79.53 83.77 69.44 90.28 69.23 37.73 32.66 27.91 GP Margin 25.88% 27.02% 25.74% 22.15% 22.51% 22.76% 30.13% 27.13% 30.02% 29.30% 29.71% Total Expenditure 708.05 584.40 475.81 343.64 349.45 285.08 261.64 236.08 115.85 106.76 91.88 Power & Fuel Cost - 4.85 4.17 2.58 2.26 1.88 1.92 1.83 1.56 1.52 1.48 % Of Sales - 0.74% 0.81% 0.72% 0.61% 0.62% 0.64% 0.72% 1.24% 1.36% 1.58% Employee Cost - 63.26 52.35 39.07 36.64 32.74 29.80 22.31 18.28 18.73 16.51 % Of Sales - 9.65% 10.11% 10.88% 9.85% 10.73% 9.95% 8.74% 14.54% 16.80% 17.58% Manufacturing Exp. - 6.39 6.55 5.39 4.08 3.02 3.04 2.90 1.91 1.38 1.68 % Of Sales - 0.98% 1.27% 1.50% 1.10% 0.99% 1.01% 1.14% 1.52% 1.24% 1.79% General & Admin Exp. - 10.49 10.81 8.14 8.46 5.22 6.82 6.45 5.08 4.94 4.74 % Of Sales - 1.60% 2.09% 2.27% 2.27% 1.71% 2.28% 2.53% 4.04% 4.43% 5.05% Selling & Distn. Exp. - 7.26 7.40 3.96 2.27 2.10 3.94 3.62 0.22 0.35 0.36 % Of Sales - 1.11% 1.43% 1.10% 0.61% 0.69% 1.31% 1.42% 0.18% 0.31% 0.38% Miscellaneous Exp. - 13.86 10.20 4.94 7.40 4.47 6.78 13.06 0.83 1.01 0.36 % Of Sales - 2.11% 1.97% 1.38% 1.99% 1.47% 2.26% 5.12% 0.66% 0.91% 1.15% EBITDA 87.87 70.97 41.74 15.46 22.65 20.02 37.98 19.06 9.84 4.72 2.06 EBITDA Margin 11.04% 10.83% 8.06% 4.31% 6.09% 6.56% 12.68% 7.47% 7.83% 4.23% 2.19% Other Income 1.20 1.48 3.78 0.26 0.34 0.36 0.48 7.69 0.44 0.68 0.61 Interest 13.72 13.69 13.40 8.50 7.34 9.18 8.15 7.83 5.95 5.16 3.27 Depreciation 9.90 8.49 7.45 5.14 4.49 3.83 4.07 2.72 2.31 2.00 1.58 PBT 65.45 50.27 24.68 2.08 11.16 7.36 26.24 16.20 2.02 -1.76 -2.18 Tax 17.72 13.00 5.18 -2.32 3.36 2.03 7.76 4.86 0.70 -2.58 -0.67 Tax Rate 27.07% 25.86% 29.28% 26.70% 30.11% 27.58% 29.57% 29.19% 34.65% 27.02% 30.73% PAT 47.72 37.27 12.51 -6.36 7.80 5.33 18.48 11.79 1.31 -6.97 -1.51 PAT before Minority Interest 47.72 37.27 12.51 -6.36 7.80 5.33 18.48 11.79 1.31 -6.97 -1.51 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 6.00% 5.69% 2.42% -1.77% 2.10% 1.75% 6.17% 4.62% 1.04% -6.25% -1.61% PAT Growth 100.93% 197.92% - - 46.34% -71.16% 56.74% 800.00% - - EPS 27.74 21.67 7.27 -3.70 4.53 3.10 10.74 6.85 0.76 -4.05 -0.88

Description TTM Mar 25 Mar 24
Net Sales 795.91 655.37 517.55 Net Sales Growth 35.05% 26.63% Cost Of Goods Sold 589.92 478.29 384.33 Gross Profit 205.99 177.08 133.23 GP Margin 25.88% 27.02% 25.74% Total Expenditure 708.28 584.56 475.81 Power & Fuel Cost - 4.85 4.17 % Of Sales - 0.74% 0.81% Employee Cost - 63.26 52.35 % Of Sales - 9.65% 10.11% Manufacturing Exp. - 6.39 6.55 % Of Sales - 0.98% 1.27% General & Admin Exp. - 10.64 10.81 % Of Sales - 1.62% 2.09% Selling & Distn. Exp. - 7.26 7.40 % Of Sales - 1.11% 1.43% Miscellaneous Exp. - 13.86 10.20 % Of Sales - 2.11% 1.97% EBITDA 87.65 70.81 41.74 EBITDA Margin 11.01% 10.80% 8.06% Other Income 1.20 1.48 3.78 Interest 13.72 13.69 13.40 Depreciation 9.90 8.49 7.45 PBT 65.21 50.11 24.68 Tax 17.72 13.00 5.18 Tax Rate 27.17% 25.94% 29.28% PAT 47.49 37.11 12.51 PAT before Minority Interest 47.49 37.11 12.51 Minority Interest 0.00 0.00 0.00 PAT Margin 5.97% 5.66% 2.42% PAT Growth 99.96% 196.64% EPS 27.61 21.58 7.27

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 160.03 124.53 111.71 107.44 99.77 95.64 78.14 66.29 53.21 61.84 Share Capital 3.43 3.43 3.42 3.31 3.31 3.31 3.31 3.31 3.01 3.01 Total Reserves 156.26 120.54 107.53 103.69 96.46 92.33 74.82 62.98 50.20 58.83 Non-Current Liabilities 38.99 31.47 25.03 24.04 12.88 14.77 12.13 1.31 -2.92 3.61 Secured Loans 28.40 23.35 24.33 20.88 11.25 15.09 16.74 10.03 5.52 5.07 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.98 1.25 Long Term Provisions 5.25 5.18 5.21 5.27 5.32 4.19 2.04 1.68 1.66 1.62 Current Liabilities 218.56 172.92 150.83 112.25 124.47 127.43 87.41 74.51 51.62 53.26 Trade Payables 59.92 47.28 53.12 47.62 41.89 39.47 32.87 27.80 12.31 22.45 Other Current Liabilities 31.88 25.29 24.48 16.29 14.83 15.43 9.75 8.15 5.35 4.96 Short Term Borrowings 120.32 95.82 70.54 45.90 65.80 69.38 41.91 38.10 33.29 25.40 Short Term Provisions 6.44 4.52 2.69 2.44 1.96 3.15 2.88 0.46 0.67 0.44 Total Liabilities 417.58 328.92 287.57 243.73 237.12 237.84 177.68 142.11 101.91 118.71 Net Block 107.07 89.62 79.52 48.07 40.61 33.04 26.20 27.32 19.88 20.57 Gross Block 150.31 130.37 115.49 79.94 68.33 57.06 46.72 45.74 36.23 35.12 Accumulated Depreciation 43.24 40.75 35.97 31.87 27.72 24.02 20.52 18.42 16.35 14.55 Non Current Assets 150.58 119.97 102.01 79.29 62.46 60.84 46.83 37.34 29.45 28.65 Capital Work in Progress 12.13 22.44 20.72 27.95 19.85 17.98 13.84 4.24 4.72 1.95 Non Current Investment 0.42 0.13 0.13 0.13 0.10 6.10 0.10 0.10 0.05 0.05 Long Term Loans & Adv. 21.06 1.77 1.64 3.14 1.87 3.73 6.55 5.55 4.48 6.08 Other Non Current Assets 9.90 6.00 0.00 0.00 0.02 0.00 0.13 0.13 0.32 0.00 Current Assets 263.75 208.95 184.98 163.86 174.67 176.99 130.84 104.77 72.46 90.07 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 120.73 96.72 92.44 77.02 68.54 69.27 54.15 34.41 27.13 32.63 Sundry Debtors 109.55 89.16 67.56 67.78 87.74 81.04 63.26 55.39 35.62 44.73 Cash & Bank 1.13 1.55 1.39 1.34 1.62 3.03 1.70 2.26 1.49 4.54 Other Current Assets 32.33 1.04 2.13 0.77 16.76 23.65 11.73 12.71 8.22 8.17 Short Term Loans & Adv. 30.93 20.48 21.46 16.95 16.11 19.29 7.88 6.38 6.27 8.11 Net Current Assets 45.18 36.03 34.16 51.62 50.19 49.57 43.43 30.26 20.84 36.80 Total Assets 414.33 328.92 286.99 243.15 237.13 237.83 177.67 142.11 101.91 118.72

Description Mar 25 Mar 24
Shareholder's Funds 159.87 124.53 Share Capital 3.43 3.43 Total Reserves 156.10 120.54 Non-Current Liabilities 38.99 31.47 Secured Loans 28.40 23.35 Unsecured Loans 0.00 0.00 Long Term Provisions 5.25 5.18 Current Liabilities 218.43 172.92 Trade Payables 59.92 47.28 Other Current Liabilities 31.74 25.29 Short Term Borrowings 120.32 95.82 Short Term Provisions 6.44 4.52 Total Liabilities 417.29 328.92 Net Block 107.07 89.62 Gross Block 150.31 130.37 Accumulated Depreciation 43.24 40.75 Non Current Assets 150.29 119.97 Capital Work in Progress 12.13 22.44 Non Current Investment 0.13 0.13 Long Term Loans & Adv. 21.06 1.77 Other Non Current Assets 9.90 6.00 Current Assets 263.75 208.95 Current Investments 0.00 0.00 Inventories 120.73 96.72 Sundry Debtors 109.55 89.16 Cash & Bank 1.13 1.55 Other Current Assets 32.33 1.04 Short Term Loans & Adv. 30.93 20.48 Net Current Assets 45.32 36.03 Total Assets 414.04 328.92

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 35.62 33.90 33.03 36.27 21.71 4.44 6.47 -3.63 -3.26 5.21 PBT 50.27 17.69 -8.68 11.16 7.36 26.24 16.65 2.02 -9.78 -2.18 Adjustment 35.52 30.59 30.07 11.24 12.35 11.13 9.50 7.47 7.05 4.71 Changes in Working Capital -42.17 -14.17 12.31 16.21 3.87 -28.88 -18.03 -13.17 -1.24 2.99 Cash after chg. in Working capital 43.63 34.11 33.69 38.61 23.58 8.48 8.12 -3.68 -3.96 5.52 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -8.00 -0.21 -0.66 -2.35 -1.87 -4.05 -1.65 0.05 0.71 -0.31 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -25.31 -19.47 -29.30 -19.94 -8.38 -21.62 -10.42 -10.31 -3.81 -4.54 Net Fixed Assets -9.63 -16.60 -28.32 -19.71 -13.14 -14.48 -10.58 -9.03 -3.88 -4.52 Net Investments -0.29 0.00 0.00 -0.03 6.00 -6.00 0.00 -0.05 0.00 -0.05 Others -15.39 -2.87 -0.98 -0.20 -1.24 -1.14 0.16 -1.23 0.07 0.03 Cash from Financing Activity -10.74 -14.26 -3.68 -16.61 -14.73 18.51 3.39 14.71 3.66 2.89 Net Cash Inflow / Outflow -0.42 0.16 0.05 -0.28 -1.41 1.33 -0.56 0.77 -3.41 3.55 Opening Cash & Equivalents 1.55 1.39 1.34 1.62 3.03 1.70 2.26 1.49 4.90 0.98 Closing Cash & Equivalent 1.13 1.55 1.39 1.34 1.62 3.03 1.70 2.26 1.49 4.54

Description Mar 25 Mar 24
Cash From Operating Activity 35.62 33.90 PBT 50.11 17.69 Adjustment 35.68 30.59 Changes in Working Capital -42.17 -14.17 Cash after chg. in Working capital 43.63 34.11 Interest Paid 0.00 0.00 Tax Paid -8.00 -0.21 Other Direct Exp. Paid 0.00 0.00 Extra & Other Items 0.00 0.00 Cash From Investing Activity -25.31 -19.47 Net Fixed Assets -9.63 Net Investments -0.29 Others -15.39 Cash from Financing Activity -10.74 -14.26 Net Cash Inflow / Outflow -0.42 0.16 Opening Cash & Equivalents 1.55 1.39 Closing Cash & Equivalent 1.13 1.55

Financial Ratios

Standalone /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 93.05 72.34 64.79 64.60 60.24 57.74 47.17 40.02 34.24 39.79 ROA 9.99% 4.06% -2.40% 3.24% 2.24% 8.89% 7.37% 1.08% -6.32% -1.31% ROE 26.28% 10.65% -5.84% 7.54% 5.46% 21.27% 16.33% 2.20% -12.11% -2.41% ROCE 22.35% 13.23% -0.09% 10.12% 8.97% 21.02% 18.91% 7.54% -4.67% 1.19% Fixed Asset Turnover 4.67 4.21 3.67 5.02 4.87 5.77 5.52 3.10 3.38 3.00 Receivable days 55.33 55.26 68.78 76.28 100.96 87.89 84.86 130.72 121.56 186.51 Inventory Days 60.55 66.70 86.12 71.39 82.43 75.17 63.35 88.40 90.42 100.92 Payable days 40.90 47.68 65.76 56.65 63.01 50.71 49.17 64.48 61.41 84.73 Cash Conversion Cycle 74.98 74.29 89.15 91.02 120.39 112.36 99.04 154.64 150.57 202.70 Total Debt/Equity 1.00 1.04 0.94 0.70 0.84 0.94 0.81 0.77 0.77 0.51 Interest Cover 4.67 2.32 -0.02 2.52 1.80 4.22 3.13 1.34 -0.85 0.33

Description Mar 25 Mar 24
Book Value (Rs.) 92.96 72.34 ROA 9.95% 3.80% ROE 26.18% 10.09% ROCE 22.30% 12.26% Fixed Asset Turnover 4.67 3.97 Receivable days 55.33 62.88 Inventory Days 60.55 68.21 Payable days 40.90 44.91 Cash Conversion Cycle 74.98 86.18 Total Debt/Equity 1.00 1.04 Interest Cover 4.66 2.32

Top Investors:

btr industries ltd

cassini partners l.p. managed by habrok

habrok india master lp

niraj bajaj .

mukul mahavir agrawal

investor education and protection fund a

veena k jagwani

Annual Reports:

News Update:

Hind Rectifiers commences commercial production of highly specialised copper conductors
3rd Nov 2025, 16:12 PM

This will help to enhance operational efficiency by streamlining the supply chain, addressing shortages of key raw materials and reducing dependence on external vendors
Read More
Hind Rectifiers acquires BeLink Solutions
19th Sep 2025, 10:12 AM

This acquisition will provide Hirect with a strategic manufacturing hub in Europe, strengthening its global presence.
Read More

Hind Rectifiers Ltd.

Electric Equipment

BSE: 504036 | NSE: HIRECT

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update:

Hind Rectifiers Ltd.

Electric Equipment

BSE: 504036 | NSE: HIRECT

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update: