Hind Rectifiers Ltd (HIRECT)
₹1,301.90
Mkt cap
₹3,853 Cr
P/E ratio
96.30
P/B
21.45
Div yield
0.09%
ROE
21.70%
ROCE
18.60%
EPS (TTM)
₹13.52
Book value
₹61
52W range
580–1,309
Sector
Industrials
HRL manufactures power electronic equipment such as converters, inverters, propulsion system, rectifiers and railway transformation equipment like traction transformer for locomotive, motors, various types of panels for locomotive switch board cabinet, regulated battery charger, inverters and modular pantry. The manufacturing facilities are in Mumbai and Nasik, Maharashtra, and Dehradun, Uttarakhand, and its registered office is in Mumbai.
Health check
Constructive
ValuationExpensive
ProfitabilityStrong
GrowthHigh
TechnicalsBullish
52-week range
−0.51% from high₹1,302
₹580+124.54% from low₹1,309
Current
₹1,301.90
Prev close
₹1,296.80
Day
+0.39%
Price performance
1D
+0.39%
1W
+3.98%
1M
+16.14%
3M
+43.08%
6M
+103.53%
1Y
+98.02%
YTD
+74.00%
Financials
FRevenue, profit & margin
P/E ratio
96.3×
HIRECT is 193% above the sector median of 32.9×
HIRECT96.3×
Sector median32.9×
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 136.63 | 151.36 | 135.53 | 165.85 | 168.94 | 185.05 | 214.77 | 227.15 | 277.39 | 279.82 | |
| Expenses | 123.15 | 137.86 | 121.05 | 147.54 | 151.31 | 165.15 | 190.55 | 201.27 | 251.84 | 271.39 | |
| Operating Profit | 13.48 | 13.50 | 14.48 | 18.31 | 17.63 | 19.90 | 24.22 | 25.88 | 25.55 | 8.43 | |
| OPM % | 9.87% | 8.92% | 10.68% | 11.04% | 10.44% | 10.75% | 11.28% | 11.39% | 9.21% | 3.01% | |
| Other Income | -6.91 | 0.38 | 0.51 | 0.13 | 0.50 | 0.34 | 0.23 | 0.13 | -1.07 | 0.36 | |
| Interest | 3.23 | 4.13 | 3.26 | 3.40 | 2.52 | 4.02 | 3.62 | 3.56 | 4.71 | 4.09 | |
| Depreciation | 2.02 | 2.00 | 2.01 | 2.11 | 2.15 | 2.22 | 2.73 | 2.81 | 4.45 | 3.85 | |
| Profit before tax | 1.32 | 7.75 | 9.72 | 12.93 | 13.46 | 14.00 | 18.10 | 19.64 | 15.32 | 0.85 | |
| Tax % | -14.39% | 33.81% | 28.70% | 21.19% | 25.63% | 28.71% | 29.50% | 25.05% | 17.10% | 285.88% | |
| Net Profit | 1.52 | 5.12 | 6.93 | 10.19 | 10.01 | 9.99 | 12.77 | 14.72 | 12.70 | -1.59 | |
| EPS in Rs | 0.44 | 1.49 | 2.02 | 2.97 | 2.92 | 2.91 | 3.72 | 4.28 | 3.69 | -0.46 | |
| Raw PDF |
Earnings
EResults dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
No reaction history yet.
No quarterly filings ingested yet.
Corporate actions
CLast 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
Sas of Mar 202643.93%Promoter
Promoters43.93%
FIIs6.38%0.17
DIIs0.13%
Public49.55%0.18
Ownership trend
Peers
P8 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Aditya Infotech | ₹3,558.50 | 113.97 | 41,937 | 0.00% | 169 | +207.73% | 1,422 | +45.49% | 29.61% |
| Honeywell Auto | ₹39,405.00 | 65.26 | 34,834 | 0.28% | 160 | +14.61% | 1,181 | +5.94% | 16.78% |
| Syrma SGS Tech. | ₹1,440.50 | 86.53 | 27,777 | 0.10% | 119 | +55.84% | 1,465 | +58.49% | 16.73% |
| Kaynes Tech | ₹3,264.70 | 59.84 | 21,885 | 0.00% | 91 | −21.47% | 1,243 | +26.22% | 13.24% |
| Jyoti CNC Auto. | ₹761.45 | 51.54 | 17,317 | 0.00% | 91 | −16.89% | 599 | +4.08% | 21.32% |
| LMW | ₹16,146.00 | 123.02 | 17,249 | 0.22% | 64 | +33.86% | 933 | +16.12% | 6.91% |
| Tega Inds. | ₹1,730.20 | 91.12 | 12,999 | 0.12% | 43 | −58.13% | 527 | −1.74% | 8.09% |
| Hind Rectifiers | ₹1,121.00 | 96.26 | 3,853 | 0.09% | −2 | −129.43% | 280 | +51.21% | 18.57% |
| Median: 123 Co. | ₹279.35 | 32.87 | 539 | 0.00% | 7 | +14.85% | 88 | +16.12% | 14.57% |
Filings
DAnnual reports16
Financial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bseFinancial Year 2011nseRight Issue
Concall transcripts16
Credit ratings6
Announcements5
Incorporation Of A Wholly Owned Subsidiary In Dubai International Financial Centre, United Arab Emirates 25 Jun - Hind Rectifiers incorporated wholly owned subsidiary Hirect Global Holdings Limited in DIFC, UAE on June 25, 2026.Closure of Trading Window 25 Jun - Trading window closed from July 1, 2026 until 48 hours after Q1 results.Disclosure Of Sale Of Part Of Non-Operational Dehradun Plant 22 Jun - Hind Rectifiers sold part of non-operational Dehradun plant for Rs.5 crore on June 22, 2026.Intimation To The Holders Of Physical Securities To Furnish KYC Details 18 Jun - June 18, 2026 reminder to physical shareholders to update KYC and nomination details.Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 16 Jun - Shareholders approved loan to Elventive France SAS and preferential equity issue on June 16, 2026.