Hind Rectifiers Latest Share Price (HIRECT)
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HIRECT slipped 0.4% on light volume, in line with Nifty's 0.1% move, supported by recent strong earnings.
With a market cap of ₹4,403.43 Cr., it trades at a P/E of 104.62. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
Hind Rectifiers flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●High Capital EfficiencyROCE of 18.6% indicating pricing power
- ●Strong Return on EquityHealthy ROE of 21.7%
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 54.9% YoY
- ●Expensive ValuationTrading at a high P/E ratio of 87.9x
- ●Rising Receivables vs SalesReceivables grew 26.6% outpacing sales growth of 26.6%
- ●Promoter Pledging DetectedPledge activity recorded on 14-Aug-2025 11:20
Latest Hind Rectifiers News
What changed recently?
Recent events, corporate actions, and announcements.
Hind Rectifiers Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Hind Rectifiers Limited, framed against the sector median so the premium or discount is obvious at a glance.
Hind Rectifiers Limited trades at a P/E of 104.62× and P/B of 20.89×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
Hind Rectifiers Limited technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for Hind Rectifiers Limited — derived from the latest tape, not yesterday's close.
Hind Rectifiers Limited last traded at ₹1,273.7 with an intraday range of ₹1,265–₹1,329.5 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹1273.70| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1442.80 | +169.10 | +13.28% |
| R3 | 1378.30 | +104.60 | +8.21% |
| R2 | 1353.90 | +80.20 | +6.30% |
| R1 | 1313.80 | +40.10 | +3.15% |
| PIVOT | 1289.40 | 15.70 | 1.23% |
| CURRENT | 1273.70 | — | — |
| S1 | 1249.30 | -24.40 | -1.92% |
| S2 | 1224.90 | -48.80 | -3.83% |
| S3 | 1184.80 | -88.90 | -6.98% |
| S4 | 1120.30 | -153.40 | -12.04% |
HIRECT is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ₹1274.9–₹1292
Trading Inside opening range
Hind Rectifiers Limited financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for Hind Rectifiers Limited — consolidated or standalone — with margins, YoY growth and key ratios inline.
Hind Rectifiers Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹4,403.43 Cr. and reported EPS of ₹13.10.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 655 | 999 ▲ 52.5% |
| Sales Growth YoY %Derived | — | 52.45% |
| Other Income | 1 | 2 ▲ 11.1% |
| Total Income | 657 | 1,001 ▲ 52.4% |
| 478 | 736 ▲ 53.9% | |
| Gross ProfitDerived | 177 | 263 ▲ 48.6% |
| Gross Margin %Derived | 27.02% | 26.33% |
| 107 | 179 ▲ 67.7% | |
| EBITDA (Operating Profit)Derived | 70 | 84 ▲ 19.6% |
| OPM %Derived | 10.73% | 8.41% |
| 22 | 28 ▲ 28.3% | |
| Profit Before Tax (PBT) | 50 | 54 ▲ 7.6% |
| 13 | 15 ▲ 17.8% | |
| Effective Tax %Derived | 25.94% | 28.41% |
| Total Profit for Period | 37 | 39 ▲ 4.0% |
| Less: Non-controlling Interests | — | -6 |
| Net Profit (Owner's PAT)Derived | 37 | 45 ▲ 21.3% |
| Net Profit Margin %Derived | 5.66% | 4.50% |
| PAT Growth YoY %Derived | — | 21.27% |
| Earnings Per Share (EPS ₹) | 10.81 | 13.10 ▲ 21.2% |
| Diluted Shares Outstanding (Cr) | 3 | 3 ▲ 0.1% |
| Other Comprehensive Income (Net of Tax) | -0 | -0 ▼ 8973.2% |
| Total Expenses (incl. D&A & Interest) | 607 | 947 ▲ 56.1% |
| Material Cost % of RevenueDerived | 76.46% | 74.51% |
| Employee Cost % of RevenueDerived | 9.65% | 11.21% |
| Other Cost % of RevenueDerived | 6.64% | 6.71% |
| Interest Coverage (x)Derived | 4.69x | 4.40x |
| Period | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|
| Revenue from Operations | 655 | 999 ▲ 52.5% | |
| Sales Growth YoY %Derived | — | 52.45% | |
| Other Income | 1 | 2 ▲ 11.1% | |
| Total Income | 657 | 1,001 ▲ 52.4% | |
478 | 736 ▲ 53.9% | ||
| Gross ProfitDerived | 177 | 263 ▲ 48.6% | |
| Gross Margin %Derived | 27.02% | 26.33% | |
107 | 179 ▲ 67.7% | ||
| EBITDA (Operating Profit)Derived | 70 | 84 ▲ 19.6% | |
| OPM %Derived | 10.73% | 8.41% | |
22 | 28 ▲ 28.3% | ||
| Profit Before Tax (PBT) | 50 | 54 ▲ 7.6% | |
13 | 15 ▲ 17.8% | ||
| Effective Tax %Derived | 25.94% | 28.41% | |
| Total Profit for Period | 37 | 39 ▲ 4.0% | |
| Less: Non-controlling Interests | — | -6 | |
| Net Profit (Owner's PAT)Derived | 37 | 45 ▲ 21.3% | |
| Net Profit Margin %Derived | 5.66% | 4.50% | |
| PAT Growth YoY %Derived | — | 21.27% | |
| Earnings Per Share (EPS ₹) | 10.81 | 13.10 ▲ 21.2% | |
| Diluted Shares Outstanding (Cr) | 3 | 3 ▲ 0.1% | |
| Other Comprehensive Income (Net of Tax) | -0 | -0 ▼ 8973.2% | |
| Total Expenses (incl. D&A & Interest) | 607 | 947 ▲ 56.1% | |
| Material Cost % of RevenueDerived | 76.46% | 74.51% | |
| Employee Cost % of RevenueDerived | 9.65% | 11.21% | |
| Other Cost % of RevenueDerived | 6.64% | 6.71% | |
| Interest Coverage (x)Derived | 4.69x | 4.40x |
Hind Rectifiers segment analysis : revenue and profit mix.
Disclosed business segments at Hind Rectifiers with their share of revenue and profit, switchable between consolidated and standalone reporting.
Hind Rectifiers discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Hind Rectifiers Limited.
Our AI distills the core fundamental drivers supporting Hind Rectifiers Limited, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
Hind Rectifiers Limited's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
High ROE 21.70% and ROCE 18.60% demonstrate efficient capital deployment above peer medians.
TTM revenue growth 51.20% substantially outpaces peer median, signaling strong railway sector momentum.
Operating cash flow ₹63.32 Cr exceeds PAT, indicating solid earnings quality and cash conversion.
Debt-to-equity 0.01x maintains fortress balance sheet with minimal leverage and capex flexibility.
Established 1958 player with railway sector expertise and diversified power electronics solutions.
Key Risks.
Latest quarterly EPS declined 54.90% YoY despite revenue growth, reflecting earnings volatility.
Operating margin 7.03% significantly below peer average, indicating weak profitability moat.
Premium P/E 84.01x limits upside potential versus sector benchmarks and peer valuations.
Dividend yield 0.11% extremely low, providing minimal shareholder income distribution.
Market cap ₹44.03 Cr ranks among smallest, limiting scale advantages versus larger competitors.
Flip Conditions.
Valuation risk. a P/E above 136 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.67. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 17% would indicate weaker capital compounding.
Hind Rectifiers Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Hind Rectifiers Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
Hind Rectifiers Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Hind Rectifiers Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Hind Rectifiers Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Hind Rectifiers Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Hind Rectifiers Limited stood at 38.2% of traded volume, against a 20-day average of 39.7%.
Hind Rectifiers announcements: results, concalls, ratings, M&A.
Filings Hind Rectifiers sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Hind Rectifiers files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 148 documents below.
Credit Rating
Hirect Limited has informed the Exchange about Credit Rating
Analysts/Institutional Investor Meet/Con. Call Updates
Hirect Limited has informed the Exchange about Transcript
General Updates
Hind Rectifiers Limited has informed the Exchange about dispatch of Dividend
Analysts/Institutional Investor Meet/Con. Call Updates
Hind Rectifiers Limited has informed the Exchange about Schedule of meet
Name Change
HIRECT: Members of the Exchange are hereby informed that the name of Hind Rectifiers Limited will be changed to Hirect Limited w.e.f. August 18, 2026.
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Hind Rectifiers dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Hind Rectifiers has declared, sequenced by announce and record date.
Hind Rectifiers corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Hind Rectifiers Limited: business, sector, key facts.
What Hind Rectifiers Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Hind Rectifiers Limited operates in the Industrial Products industry under the Capital Goods sector, listed as NSE: HIRECT, BSE: 504036.
Hind Rectifiers Limited (HIRECT) is a prominent Indian company specializing in the design, development, manufacturing, and marketing of a diverse range of power electronics solutions. Their core business revolves around the creation and provision of high-quality power semiconductor devices and associated equipment, serving both domestic and international markets. This encompasses a broad spectrum of products catering to varied industrial needs.
A significant portion of HIRECT's business is dedicated to the railway transportation sector. They are a key supplier of critical components and systems for railway applications, including traction and auxiliary transformers, IGBT propulsion systems, converters and chargers for batteries, on-board DC rectifiers, traction motors, electrical panels and switchboards, power supplies, safety and protection electronics, and even HVAC systems for rolling stock. This demonstrates their expertise in delivering comprehensive and integrated solutions for the railway industry's demanding requirements.
Beyond railway applications, HIRECT extends its reach into other industrial sectors by offering power quality improvement solutions, electrostatic precipitators, and specialized rectifiers. These products cater to a wider range of industrial needs requiring efficient and reliable power conversion and control systems. This diversification showcases the company's adaptability and capacity to serve multiple markets with its advanced technologies.
In addition to manufacturing and supplying its products, HIRECT provides a comprehensive suite of support services. These include repair and servicing, annual maintenance contracts (AMC), erection, and commissioning services. This commitment to after-sales support enhances customer satisfaction and ensures the long-term operational efficiency of their equipment. This aspect underscores their dedication to building strong customer relationships and delivering complete solutions.
Established in 1958 and headquartered in Mumbai, India, HIRECT boasts a long history of innovation and expertise in power electronics. Their continued success is attributed to their ability to adapt to evolving market demands, consistently deliver high-quality products, and provide comprehensive customer support across diverse industries, solidifying their position as a leading player in the power electronics sector.
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Questions investors ask about Hind Rectifiers Limited (HIRECT).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Hind Rectifiers Limited (HIRECT)?
The current share price of Hind Rectifiers Limited (HIRECT) is ₹1,273.70. Today, the stock has declined by ₹4.70 (0.37%), trading in a range of ₹1,265.00 to ₹1,329.50. The stock opened at ₹1,275.00 with a trading volume of 1,06,239 shares.
02Is Hind Rectifiers Limited stock a good investment for long-term?
Hind Rectifiers Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹4,403.43 Cr., P/E ratio of 104.62, ROE of 21.7%, and ROCE of 18.6%. The dividend yield stands at 0.11%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Hind Rectifiers Limited stock?
The 52-week high price of Hind Rectifiers Limited (HIRECT) is ₹1,909.90, while the 52-week low is ₹643.70. Currently trading at ₹1,273.70, the stock is 97.87% above its 52-week low and 33.31% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Hind Rectifiers Limited stock at the current price?
Whether to buy Hind Rectifiers Limited stock at ₹1,273.70 depends on multiple factors. The stock is currently trading with a P/E ratio of 104.62 and P/B ratio of 20.89. Today's performance shows a loss of 0.37%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Hind Rectifiers Limited and when is the next dividend?
Hind Rectifiers Limited offers a dividend yield of 0.11%, which means for every ₹100 invested at the current price of ₹1,273.70, you can expect to receive approximately ₹0.11 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Hind Rectifiers Limited?
Hind Rectifiers Limited's key financial metrics include: P/E Ratio: 104.62, P/B Ratio: 20.89, ROE: 21.7%, ROCE: 18.6%, Dividend Yield: 0.11%, EPS: ₹13.10, Book Value: ₹60.69, and Debt-to-Equity: 1.17. The company's market cap stands at ₹4,403.43 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Hind Rectifiers Limited stock performing today in the market?
Hind Rectifiers Limited stock opened at ₹1,275.00 and is currently trading at ₹1,273.70, showing a decline of ₹4.70 (0.37%). The intraday high is ₹1,329.50 and low is ₹1,265.00. The trading volume stands at 1,06,239 shares, indicating moderate market participation today.
08What is the P/E ratio of Hind Rectifiers Limited and what does it indicate?
Hind Rectifiers Limited has a Price-to-Earnings (P/E) ratio of 104.62, which means investors are willing to pay 104.62 for every ₹1 of earnings. With an EPS of ₹13.10, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Hind Rectifiers Limited (HIRECT) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.