Hind Rectifiers
Hind Rectifiers Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Hind Rectifiers Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Hind Rectifiers Ltd trades at a P/E of 82.38× and P/B of 18.58×.
Valuation
Profitability
Growth
Financial Health
Hind Rectifiers Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Hind Rectifiers Ltd, switchable between annual and quarterly views, consolidated or standalone.
Hind Rectifiers Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹3,914.47 Cr and reported EPS of ₹13.68.
| Period | 2025 | 2026 |
|---|---|---|
| Revenue from Operations | 655 | 999 |
| Other Income | 1 | 2 |
| Total Income | 657 | 1,001 |
| Cost of Goods Sold (COGS) | 478 | 736 |
| Gross Profit | 177 | 263 |
| +Operating Expenses | 107 | 179 |
| EBITDA | 70 | 84 |
| +Non-Operating Expenses | 22 | 28 |
| Profit Before Tax (PBT) | 50 | 54 |
| +Tax Expense | 13 | 15 |
| Profit After Tax (PAT) | 37 | 39 |
| Earnings Per Share (EPS) | 10.81 | 13.10 |
| Diluted Shares Outstanding (Nos.) | 3 | 3 |
| +Additional Disclosures | 1,085 | 1,674 |
| Sales Growth % | — | 52.45 |
| YoY Sales Growth % | — | 52.45 |
| Material Cost % | 76 | 75 |
| Employee Cost % | 10 | 11 |
| Other Cost % | 7 | 7 |
| OPM % | 11 | 8 |
| Tax % | 26 | 28 |
| Profit Growth % | — | 4.00 |
| Gross Margin % | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 |
| Additional Fields | 62 | 70 |
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
Hind Rectifiers Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Hind Rectifiers Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Hind Rectifiers Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
The company demonstrates robust profitability with an impressive Return on Equity (ROE) of 25.60% and Return on Capital Employed (ROCE) of 21.60%, indicating efficient capital utilization.
Hind Rectifiers reported significant quarterly performance, with sales growing by 58.50% and net profit surging by 84.30%, showcasing strong operational momentum.
Quarterly sales have shown a consistent upward trend from 137 Cr in Dec 2023 to 215 Cr in Jun 2025, reflecting sustained revenue generation and demand for its products.
FII and DII holdings have increased from March to September 2025 (FII from 6.03% to 6.64%, DII from 0.01% to 0.13%), suggesting growing institutional confidence in the company's future prospects.
As a player in the Capital Goods sector, the company stands to benefit from increasing industrialization and infrastructure development, driving demand for its products.
What can break it.
The stock trades at a P/E ratio of 68.70, which is higher than the sector P/E of 62.42, suggesting a premium valuation that might limit future upside potential.
With a debt-to-equity ratio of 1.03, the company carries a notable level of debt, which could pose financial risk during economic downturns or periods of rising interest rates.
The price-to-book value of 18.40 is quite high, indicating that the stock is trading significantly above its intrinsic book value, potentially signaling overvaluation.
Promoter holding stands at 43.93% as of September 2025, which is below the 50% mark, potentially raising concerns about management's long-term commitment or control.
The presence of several peers with varying P/E and ROCE metrics suggests a competitive landscape, which could pressure margins and market share for Hind Rectifiers.
What would change my mind.
Trim if P/E re-rates above 107. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 119.37. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 16%. The operating engine is no longer compounding capital efficiently.
Hind Rectifiers Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Hind Rectifiers Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Hind Rectifiers Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Hind Rectifiers Ltd — derived from the live tape, not yesterday's close.
Hind Rectifiers Ltd last traded at ₹1,135.6 with an intraday range of ₹1,123.6–₹1,167.4 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹1135.60| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1248.40 | +112.80 | +9.93% |
| R3 | 1204.60 | +69.00 | +6.08% |
| R2 | 1186.00 | +50.40 | +4.44% |
| R1 | 1160.80 | +25.20 | +2.22% |
| PIVOT | 1142.20 | 6.60 | 0.58% |
| CURRENT | 1135.60 | — | — |
| S1 | 1029.40 | -106.20 | -9.35% |
| S2 | 1073.20 | -62.40 | -5.49% |
| S3 | 1098.40 | -37.20 | -3.28% |
| S4 | 1117.00 | -18.60 | -1.64% |
HIRECT is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 1123.6 ~ 1167.4
Trading Inside opening range
Hind Rectifiers Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Hind Rectifiers Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Hind Rectifiers Ltd stood at 32.5% of traded volume, against a 20-day average of 27.2%.
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 109 documents below.
Copy of Newspaper Publication
Hind Rectifiers Limited has informed the Exchange about Copy of Newspaper Publication
General Updates
Hind Rectifiers Limited has informed the Exchange about General Updates
Shareholders meeting
Hind Rectifiers Limited has informed the Exchange regarding Notice of Postal Ballot
Amendment to AOA/MOA
Hind Rectifiers Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
Name Change
Hind Rectifiers Limited has informed the Exchange that Board of Directors at its meeting held on June 10, 2026 has approved change of name of the…
Investor decks & rating reports.
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 Ltd: business, sector, key facts.
What Hind Rectifiers Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Hind Rectifiers Ltd operates in the Industrials, 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.
Questions investors ask about Hind Rectifiers Ltd (HIRECT).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Hind Rectifiers Ltd (HIRECT)?
The current share price of Hind Rectifiers Ltd (HIRECT) is ₹1,135.6. Today, the stock has gained by ₹5.10 (0.45%), trading in a range of ₹1,123.6 to ₹1,167.4. The stock opened at ₹1,158.8 with a trading volume of 91,941 shares.
02Is Hind Rectifiers Ltd stock a good investment for long-term?
Hind Rectifiers Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹3,914.47 crores, P/E ratio of 82.38, ROE of 21.11%, and ROCE of 21.60%. The dividend yield stands at 0.09%. 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 Ltd stock?
The 52-week high price of Hind Rectifiers Ltd (HIRECT) is ₹2,108.5, while the 52-week low is ₹643.7. Currently trading at ₹1,135.6, the stock is 33.6% away from its 52-week low and 46.1% 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 Ltd stock at the current price?
Whether to buy Hind Rectifiers Ltd stock at ₹1,135.6 depends on multiple factors. The stock is currently trading with a P/E ratio of 82.38 and P/B ratio of 18.58. Today's performance shows a gain of 0.45%. 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 Ltd and when is the next dividend?
Hind Rectifiers Ltd offers a dividend yield of 0.09%, which means for every ₹100 invested at the current price of ₹1,135.6, you can expect to receive approximately ₹0.09 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 Ltd?
Hind Rectifiers Ltd's key financial metrics include: P/E Ratio: 82.38, P/B Ratio: 18.58, ROE: 21.11%, ROCE: 21.60%, Dividend Yield: 0.09%, EPS: ₹13.68, Book Value: ₹60.65, and Debt-to-Equity: 118.87. The company's market cap stands at ₹3,914.47 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Hind Rectifiers Ltd stock performing today in the market?
Hind Rectifiers Ltd stock opened at ₹1,158.8 and is currently trading at ₹1,135.6, showing a gain of ₹5.10 (0.45%). The intraday high is ₹1,167.4 and low is ₹1,123.6. The trading volume stands at 91,941 shares, indicating moderate market participation today.
08What is the P/E ratio of Hind Rectifiers Ltd and what does it indicate?
Hind Rectifiers Ltd has a Price-to-Earnings (P/E) ratio of 82.38, which means investors are willing to pay ₹82.38 for every ₹1 of earnings. With an EPS of ₹13.68, 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 Ltd (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.
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