Nifty

:

8083.80

Sensex

:

27590.95

-170.00 (-2.06%)
-674.36 (-2.39%)

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Nifty
Sensex

:
:

8083.80
27590.95

-170.00 (-2.06%)
-674.36 (-2.39%)

Hind Rectifiers Ltd.

Electric Equipment

Rating :

73/99

BSE: 504036 | NSE: HIRECT

Watchlist

NSE BSE

126.80

03-Apr-2020

Open
High
Low
Previous Close

127.30
127.35
116.00
121.30

Volume
Traded Value (lacs)
52 Week High
52 Week Low

26765
33.44
269.00
89.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

213.01
9.97
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

274.95
0.31%
2.27

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

12.97
22.11
31.78

EBITDA CAGR (%)

10 Years
5 Years
3 Years

4.92
-
32.20

PAT CAGR (%)

10 Years
5 Years
3 Years

4.26
-
-

P:E (Median)

8 Years
5 Years
3 Years

6.28
14.26
17.09

P:BV (Average)

8 Years
5 Years
3 Years

2.51
2.51
2.51

EV:EBITDA (Average)

8 Years
5 Years
3 Years

19.60
29.12
21.95

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Dec 19 Dec 18 Var% Sep 19 Sep 18 Var% Jun 19 Jun 18 Var% Mar 19 Mar 18 Var%
Net Sales 70.20 68.53 2.44% 83.18 59.40 40.03% 68.35 43.28 57.93% 83.93 54.32 54.51%
Expenses 61.97 61.62 0.57% 69.73 53.87 29.44% 58.66 39.15 49.83% 75.20 48.30 55.69%
EBITDA 8.23 6.91 19.10% 13.45 5.53 143.22% 9.68 4.13 134.38% 8.73 6.02 45.02%
EBIDTM 11.72% 10.08% 16.17% 9.32% 14.17% 9.54% 10.40% 11.09%
Other Income 0.19 0.06 216.67% 0.02 0.04 -50.00% 0.04 0.09 -55.56% 0.42 0.20 110.00%
Interest 2.16 1.85 16.76% 1.80 1.57 14.65% 1.41 1.71 -17.54% 1.87 1.56 19.87%
Depreciation 1.00 0.70 42.86% 0.96 0.68 41.18% 0.97 0.67 44.78% 0.67 0.77 -12.99%
PBT 5.26 4.90 7.35% 10.71 3.32 222.59% 7.34 1.84 298.91% 6.59 3.90 68.97%
Tax 1.57 1.75 -10.29% 3.18 0.97 227.84% 2.14 0.51 319.61% 1.63 0.70 132.86%
PAT 3.69 3.15 17.14% 7.53 2.35 220.43% 5.20 1.32 293.94% 4.96 3.19 55.49%
PATM 5.25% 4.60% 9.05% 3.96% 7.61% 3.06% 5.91% 5.88%
EPS 2.23 1.90 17.37% 4.54 1.42 219.72% 3.14 0.80 292.50% 2.99 1.93 54.92%

Description Dec 19 Dec 18 Var% Sep 19 Sep 18 Var% Jun 19 Jun 18 Var% Mar 19 Mar 18 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Right to Left

Description TTM Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Net Sales 305.66 255.14 125.69 111.48 93.94 93.97 96.72 136.22 117.94 101.64 75.34 Net Sales Growth 35.53% 102.99% 12.75% 18.67% -0.03% -2.84% -29.00% 15.50% 16.04% 34.91% Cost Of Goods Sold 212.88 185.91 87.96 78.83 66.03 69.68 74.57 95.44 79.15 67.18 46.14 Gross Profit 92.78 69.23 37.73 32.66 27.91 24.28 22.15 40.77 38.79 34.46 29.20 GP Margin 30.35% 27.13% 30.02% 29.30% 29.71% 25.84% 22.90% 29.93% 32.89% 33.90% 38.76% Total Expenditure 265.56 236.08 115.85 106.76 91.88 96.44 100.24 122.05 102.12 86.98 63.55 Power & Fuel Cost - 1.83 1.56 1.52 1.48 1.52 1.55 1.75 1.35 1.26 1.01 % Of Sales - 0.72% 1.24% 1.36% 1.58% 1.62% 1.60% 1.28% 1.14% 1.24% 1.34% Employee Cost - 22.31 18.28 18.73 16.51 16.34 15.64 15.83 13.88 12.82 9.51 % Of Sales - 8.74% 14.54% 16.80% 17.58% 17.39% 16.17% 11.62% 11.77% 12.61% 12.62% Manufacturing Exp. - 2.90 1.91 1.38 1.68 1.92 1.84 3.10 2.53 1.93 3.09 % Of Sales - 1.14% 1.52% 1.24% 1.79% 2.04% 1.90% 2.28% 2.15% 1.90% 4.10% General & Admin Exp. - 6.45 5.08 4.94 4.74 5.25 4.78 3.68 3.28 2.68 3.00 % Of Sales - 2.53% 4.04% 4.43% 5.05% 5.59% 4.94% 2.70% 2.78% 2.64% 3.98% Selling & Distn. Exp. - 3.62 0.22 0.35 0.36 0.42 0.65 0.63 0.34 0.22 0.19 % Of Sales - 1.42% 0.18% 0.31% 0.38% 0.45% 0.67% 0.46% 0.29% 0.22% 0.25% Miscellaneous Exp. - 13.06 0.83 1.01 1.08 1.30 1.22 1.62 1.58 0.90 0.19 % Of Sales - 5.12% 0.66% 0.91% 1.15% 1.38% 1.26% 1.19% 1.34% 0.89% 0.81% EBITDA 40.09 19.06 9.84 4.72 2.06 -2.47 -3.52 14.17 15.82 14.66 11.79 EBITDA Margin 13.12% 7.47% 7.83% 4.23% 2.19% -2.63% -3.64% 10.40% 13.41% 14.42% 15.65% Other Income 0.67 7.69 0.44 0.68 0.61 0.37 0.46 0.24 0.24 0.18 0.35 Interest 7.24 7.83 5.95 5.16 3.27 2.35 1.71 0.95 1.58 0.82 0.55 Depreciation 3.60 2.72 2.31 2.00 1.58 1.47 2.29 2.35 2.40 2.40 1.56 PBT 29.90 16.20 2.02 -1.76 -2.18 -5.92 -7.06 11.11 12.08 11.62 10.04 Tax 8.52 4.86 0.70 -2.58 -0.67 -2.35 -2.14 0.98 1.40 1.48 2.27 Tax Rate 28.49% 29.19% 34.65% 27.02% 30.73% 39.70% 30.31% 8.82% 11.59% 12.74% 22.61% PAT 21.38 11.79 1.31 -6.97 -1.51 -3.57 -4.93 10.13 10.68 10.14 7.77 PAT before Minority Interest 21.38 11.79 1.31 -6.97 -1.51 -3.57 -4.93 10.13 10.68 10.14 7.77 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 6.99% 4.62% 1.04% -6.25% -1.61% -3.80% -5.10% 7.44% 9.06% 9.98% 10.31% PAT Growth 113.59% 800.00% - - - - - -5.15% 5.33% 30.50% Unadjusted EPS 12.90 7.12 0.79 -4.63 -1.00 -2.37 -3.27 6.73 7.09 6.74 5.16

Results Balance Sheet

Standalone Figures in Rs. Crores

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Shareholder's Funds 78.14 66.29 53.21 61.84 63.35 65.56 70.49 63.18 55.30 47.78 Share Capital 3.31 3.31 3.01 3.01 3.01 3.01 3.01 3.01 3.01 3.01 Total Reserves 74.82 62.98 50.20 58.83 60.34 62.55 67.48 60.17 52.29 44.77 Non-Current Liabilities 12.13 1.31 -2.92 3.61 -1.70 -0.64 1.61 1.43 1.33 3.52 Secured Loans 16.74 10.03 5.52 5.07 0.19 0.07 0.25 0.20 0.00 1.58 Unsecured Loans 0.00 0.00 0.98 1.25 0.18 0.00 0.00 0.00 0.19 2.07 Long Term Provisions 2.04 1.68 1.66 1.62 1.62 1.82 1.77 1.63 1.38 0.00 Current Liabilities 87.41 74.51 51.62 53.26 50.00 45.53 41.51 37.75 24.44 15.80 Trade Payables 32.87 27.80 12.31 22.45 18.61 18.21 14.56 15.90 10.32 9.43 Other Current Liabilities 9.75 8.15 5.35 4.96 5.88 4.28 4.98 3.96 3.81 1.93 Short Term Borrowings 41.91 38.10 33.29 25.40 25.19 22.40 18.78 14.60 6.83 0.00 Short Term Provisions 2.88 0.46 0.67 0.44 0.33 0.64 3.19 3.28 3.49 4.44 Total Liabilities 177.68 142.11 101.91 118.71 111.65 110.45 113.61 102.36 81.07 67.10 Net Block 26.20 27.32 19.88 20.57 18.15 15.95 17.27 15.92 15.61 15.89 Gross Block 46.72 45.74 36.23 35.12 31.22 34.80 33.93 30.50 27.90 25.99 Accumulated Depreciation 20.52 18.42 16.35 14.55 13.07 18.86 16.65 14.58 12.29 10.11 Non Current Assets 46.83 37.34 29.45 28.65 27.06 21.46 22.07 20.20 19.51 15.89 Capital Work in Progress 13.84 4.24 4.72 1.95 1.33 0.01 0.00 0.00 0.00 0.00 Non Current Investment 0.10 0.10 0.05 0.05 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 6.55 5.55 4.48 6.08 7.58 5.50 4.80 4.28 3.89 0.00 Other Non Current Assets 0.13 0.13 0.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 130.84 104.77 72.46 90.07 84.59 88.99 91.54 82.15 61.56 51.21 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 54.15 34.41 27.13 32.63 22.38 30.07 26.03 19.16 17.90 13.78 Sundry Debtors 63.26 55.39 35.62 44.73 56.93 52.91 57.22 59.08 40.63 29.79 Cash & Bank 1.70 2.26 1.49 4.54 0.98 1.42 4.40 1.22 1.08 0.84 Other Current Assets 11.73 6.33 1.95 0.06 4.30 4.60 3.88 2.70 1.95 6.81 Short Term Loans & Adv. 7.88 6.38 6.27 8.11 4.26 4.51 3.79 2.64 1.91 6.77 Net Current Assets 43.43 30.26 20.84 36.80 34.59 43.46 50.03 44.41 37.12 35.41 Total Assets 177.67 142.11 101.91 118.72 111.65 110.45 113.61 102.35 81.07 67.10

Cash Flow

Standalone Figures in Rs. Crores

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Cash From Operating Activity 6.47 -3.63 -3.26 5.21 1.95 -1.24 6.26 -0.79 2.17 13.88 PBT 16.65 2.02 -9.78 -2.18 -5.92 -7.06 11.11 12.08 11.62 10.04 Adjustment 9.50 7.47 7.05 4.71 3.66 3.69 3.10 3.88 3.15 2.01 Changes in Working Capital -18.03 -13.17 -1.24 2.99 4.35 2.40 -5.00 -14.27 -10.53 4.29 Cash after chg. in Working capital 8.12 -3.68 -3.96 5.52 2.09 -0.97 9.20 1.69 4.23 16.34 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.48 Tax Paid -1.65 0.05 0.71 -0.31 -0.15 -0.62 -2.94 -2.48 -2.06 -1.92 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 0.35 0.00 0.00 0.00 -0.06 Cash From Investing Activity -10.42 -10.31 -3.81 -4.54 -2.77 -0.67 -3.53 -2.62 -2.06 -6.11 Net Fixed Assets -10.58 -9.03 -3.88 -4.52 2.26 -0.88 -3.43 -2.60 -1.91 -6.03 Net Investments 0.00 -0.05 0.00 -0.05 0.00 0.00 0.00 0.00 0.00 0.00 Others 0.16 -1.23 0.07 0.03 -5.03 0.21 -0.10 -0.02 -0.15 -0.08 Cash from Financing Activity 3.39 14.71 3.66 2.89 0.39 -1.08 0.45 3.55 0.13 -7.55 Net Cash Inflow / Outflow -0.56 0.77 -3.41 3.55 -0.43 -2.99 3.19 0.14 0.24 0.21 Opening Cash & Equivalents 2.26 1.49 4.90 0.98 1.42 4.40 1.22 1.08 0.84 0.63 Closing Cash & Equivalent 1.70 2.26 1.49 4.54 0.98 1.42 4.40 1.22 1.08 0.84

Financial Ratios

Standalone

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Book Value (Rs.) 47.17 40.02 34.24 39.79 40.76 42.19 45.36 40.65 35.58 30.75 ROA 7.37% 1.08% -6.32% -1.31% -3.22% -4.40% 9.38% 11.65% 13.69% 11.36% ROE 16.33% 2.20% -12.11% -2.41% -5.54% -7.24% 15.15% 18.03% 19.68% 17.22% ROCE 18.91% 7.54% -4.67% 1.19% -4.02% -6.01% 14.35% 19.41% 21.84% 20.83% Fixed Asset Turnover 5.52 3.10 3.38 3.00 3.00 2.96 4.51 4.33 4.03 3.55 Receivable days 84.86 130.72 121.56 186.51 202.57 197.30 145.98 143.81 118.42 142.52 Inventory Days 63.35 88.40 90.42 100.92 96.72 100.50 56.72 53.45 53.26 66.76 Payable days 49.17 64.48 61.41 84.73 73.72 61.03 46.59 47.81 41.47 58.49 Cash Conversion Cycle 99.04 154.64 150.57 202.70 225.57 236.76 156.10 149.44 130.21 150.79 Total Debt/Equity 0.81 0.77 0.77 0.51 0.41 0.35 0.27 0.24 0.13 0.08 Interest Cover 3.13 1.34 -0.85 0.33 -1.52 -3.13 12.64 8.63 15.15 19.40

Top Investors:

btr industries ltd

rahulkumar bajaj

veena k jagwani

investor education and protection fund

shri niraj bajaj

Annual Reports:

News Update:

Hind Rectifiers accepts offer made by MIDC for allotment of land
24th Feb 2020, 10:32 AM

The company has also deposited the Earnest Money Deposit
Read More
Hind Rectifiers secures order of Rs 54.62 crore in January
5th Feb 2020, 09:36 AM

The Company is having all time high pending orders of Rs 334.07 crore as on January 31, 2020
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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