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Prices as of 9 Oct 2026 close · Not investment advice

Hind Rectifiers Limited

NSE: HIRECTIndustrial Products

Share price

₹1,113.70

+1.61% close of 9 Oct 2026

Market cap ₹3,898 CrP/E 99.5

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

56

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹3,898 Cr

P/E ratio

99.5

P/B ratio

18.3

ROCE

18.8%

ROE

25.2%

Dividend yield

0.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹1,339.4052-week low ₹579.80

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 42.0% over the past year, and 12.1% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 4.2% to 7.2% over the last four years.

Whether it grew faster than its sector

It grew 12.1% a year against a sector median of 10.6% — 1.5 percentage points faster.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

It has no steady three-year profit record yet, so growth cannot be weighed against the price.

Profit growthPrice per ₹1 profitPer 1% growth
Hind Rectifiers Limited — this one—99.5×—
INDOMIM8%/yr107.0×₹13.4
Aditya Infotech Limited48%/yr105.3×₹2.2
Syrma SGS Technology Limited39%/yr89.5×₹2.3
Honeywell Automation India Limited7%/yr53.0×₹7.6
Jyoti CNC Automation Limited157%/yr69.6×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Industrial Products), it ranks 18 of 75 on returns, 36 of 75 on growth, 56 of 75 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 18.8% on capital, ahead of 76% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the 3 years of cash statements on file it made ₹156 crore of cash from the business, spent ₹133 crore on plant and equipment, and returned ₹17 crore to lenders and shareholders.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 20.3% year over year, while net profit fell 49.1%.

Announced 11 Aug 2026 · Consolidated · Unaudited

Revenue

₹258 Cr

Revenue vs last year

+20.3%

Revenue vs last quarter

-7.6%

Net profit

₹7 Cr

Profit vs last year

-49.1%

Net margin

2.5%

EPS

₹2.74

Earnings call transcript · 12 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹3,898 Cr
Prev close
₹1,113.70
52w High
₹1,399
52w Low
₹565
Enterprise value
₹4,138 Cr
Beta
1.7
Price CAGR 1y
35.0%
Price CAGR 3y
83.0%
Price CAGR 5y
64.0%
Price CAGR 10y
38.0%

Ratios

Return on assets
5.9%
PEG ratio
—
P/E ratio
99.5
P/B ratio
18.3
EV / EBITDA
56.6
Industry P/E
36.1
ROCE
18.8%
ROCE 5y average
20.5%
ROE
25.2%
Debt / Equity
1.2
Interest coverage
4.2
Dividend yield
0.1%
ROE 3y average
22.0%
ROE last year
25.0%

Annual P&L

Annual revenue
₹999 Cr
Annual profit
₹39 Cr
Operating margin
9.0%
Net profit margin
3.9%
EBITDA margin
8.5%
Sales growth 3y
—
Sales growth 5y
—
Profit growth 3y
—
Profit growth 5y
—
EPS
₹13.1
Sales growth TTM
42.0%
Profit growth TTM
-9.0%
Dividend payout
11.0%

Quarter P&L

Sales latest quarter
₹258 Cr
Profit latest quarter
₹7 Cr
YoY quarterly sales growth
20.3%
YoY quarterly profit growth
-49.1%
OPM latest quarter
5.1%

Balance Sheet

Book Value
₹59.7
Face Value
₹2.0
Total debt
₹245 Cr
Total cash
₹5 Cr
Borrowings
₹245 Cr
Reserves / Equity
28.9

Cash Flow

Operating cash flow
₹86 Cr
Free cash flow
-₹12 Cr
FCF yield
-0.7%
Net cash flow
₹4 Cr

Shareholding

Promoter holding
42.6%
FII holding
6.8%
DII holding
3.2%
Public holding
47.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Indo-MIM1,359.90104.267,2440.00240.131.61,218.79.425.0
Aditya Infotech4,064.90104.449,8470.04142.2332.51,402.489.528.6
Syrma SGS Tech.1,746.7090.733,6820.09105.7101.21,588.668.316.8
Honeywell Auto33,345.0052.729,4770.33150.720.91,204.41.816.9
Jyoti CNC Auto.1,071.0075.724,3570.0057.1-20.0508.524.021.3
Kaynes Tech3,365.0065.122,6200.0056.4-24.4946.040.512.7
LMW16,819.0098.417,9680.2155.5369.2860.724.05.6
Hirect1,113.90100.83,9500.136.5-40.9258.520.318.8
Median347.4836.06710.005.731.675.023.616.1

Competes with: Aditya Infotech Limited, Honeywell Automation India Limited, INDOMIM, Jyoti CNC Automation Limited, Kaynes Technology India Limited, LLOYDS ENGINEERING WORKS LIMITED, LMW Limited, MVELECTRO, Syrma SGS Technology Limited, Tega Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales98132137151136166169185215227277280258
Expenses123138121148151165191201252271245
Material Cost137155187198205218
Change in Inventories-0.143.60-171.323.87-33
Purchases of Stock-in-Trade000000
Employee Cost171919353941
Other Expenses111313182319
Operating Profit1314141818202426268.4313
OPM %6.798.049.878.921111101111119.213.015.12
Other Income-6.910.380.510.130.500.340.230.13-1.070.367.86
Exceptional items (within Other Income)000-1.28-0.723.53
Interest3.234.133.263.402.524.023.623.564.714.094.74
Depreciation2.0222.012.112.152.222.732.814.453.854.71
Profit before tax1.327.759.721313141820150.8512
Tax %-14342921262930251728644
Net Profit1.525.126.9310109.99131513-1.586.50
EPS in Rs0.441.492.022.972.922.913.724.283.691.312.74
Diluted EPS in Rs5.827.428.577.561.512.72

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2024Mar 2025Mar 2026TTM
Sales5186559991,043
Expenses473585914970
Material Cost501744
Change in Inventories-23-8.39
Purchases of Stock-in-Trade00
Employee Cost63112
Other Expenses4467
Operating Profit45718573
OPM %91197
Other Income-61-07
Exceptional items (within Other Income)0-2.00
Interest13141717
Depreciation78.491416
Profit before tax18505447
Tax %292628
Net Profit13373932
EPS in Rs3.65111312
Diluted EPS in Rs2214
Dividend Payout %16911

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
—
3 years
—
TTM
42%

Compounded profit growth

10 years
—
5 years
—
3 years
—
TTM
-9%

Stock price CAGR

10 years
38%
5 years
64%
3 years
83%
1 year
35%

Return on equity

10 years
—
5 years
—
3 years
22%
Last year
25%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2024Mar 2025Mar 2026
Equity Capital33.436.87
Reserves121156202
Borrowings135164245
Other Liabilities7193209
Minority Interest-2.77
Total Liabilities331417662
Fixed Assets90107196
CWIP221210
Investments000
Other Assets219298455
Total Assets331417662

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2024Mar 2025Mar 2026
Cash from Operating Activity343686
Cash from Investing Activity-19-25-90
Cash from Financing Activity-14-118
Net Cash Flow0-04
Free Cash Flow2014-11

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2024Mar 2025Mar 2026
Debtor Days636190
Inventory Days929274
Days Payable454659
Cash Conversion Cycle110107105
Working Capital Days242515
ROCE %2219

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 31 Jul 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters444444444444444444444443
FIIs5.725.765.825.976.286.036.306.646.216.386.576.84
DIIs0.010.010.010.010.070.010.060.130.130.130.203.22
Public505050505050504950504947
No. of Shareholders8,4039,93610,99714,31916,59318,24118,49624,03823,27621,70022,27022,219

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +36.9% (₹813.70 → ₹1,113.70)Brick size ₹52.21 (fixed)Bricks 25
₹600₹800₹1,000₹1,200₹1,114Nov '25Mar '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹1,113.70 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

240inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Hind Rectifiers Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Depends on the price of

  • copper
  • steel

Exports to

  • Europe
  • Germany
  • Global transformer manufacturers
  • South America
  • United States

Sells to

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Industrial Products
Classification
Capital Goods › Industrial Products
ISIN
INE835D01023

Business segments

  • Engineering Products · 93%
  • EMS · 5%
  • CTC/ PICC/ EPICC · 2%

Plants

  • Bhandup Works
  • Dehradun Plant · Dehradun, Uttarakhand
  • Satpur Plant · Nashik, Maharashtra
  • Sinnar Plant · Nashik, Maharashtra

News impact

Big market events that reach Hind Rectifiers Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

4 Aug 2026unspecified₹1.4
27 Mar 2026bonus₹0
22 Jul 2025unspecified₹2
25 Jul 2024unspecified₹1.2
1 Aug 2022unspecified₹0.4
4 Aug 2021unspecified₹0.4
7 Sep 2020unspecified₹0.8
30 Jul 2019unspecified₹0.4

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
16 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY1,83,951₹1,328.88
16 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL1,83,666₹1,330.13

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.