Hind Rectifiers Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 25.2%)
- ✓Efficient capital deployment (ROCE 18.8%)
Concerns
- ✗Premium to sector peers (P/E 92.1x vs industry 52.7x)
- ✗High premium to book value (P/B 21.6x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,568 | ₹3.0L Cr | 33 | 7.44 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹407 | ₹3.0L Cr | 49.4 | 12.41 | 27.6 | 36.5 | 0 |
| ABB ABB India Limited | ₹7,530 | ₹1.6L Cr | 104 | 20.35 | 22.4 | 29.9 | 0.01 |
| TMCV Tata Motors Limited | ₹412 +0.59% | ₹1.5L Cr | 38.6 | 10.71 | 34 | 35.9 | 0.44 |
| CUMMINSIND Cummins India Limited | ₹5,590 | ₹1.5L Cr | 62.3 | 18.27 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹417 | ₹1.5L Cr | 60.4 | 5.55 | 6.23 | 9.14 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹912 | ₹1.4L Cr | 118 | 18.02 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HIRECT · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 44.08% | 44.05% | 44.05% | 44.05% | 43.98% | 43.98% |
| FII | 5.72% | 5.76% | 5.82% | 5.97% | 6.28% | 6.03% |
| DII | 0.01% | 0.01% | 0.01% | 0.01% | 0.07% | 0.01% |
| Public | 50.18% | 50.16% | 50.13% | 49.95% | 49.64% | 49.96% |
Corporate Events
In furtherance to the prior intimation given to the stock exchanges as on May 13, 2026 regarding the schedule of the board meeting for approval of Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ende
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Bonus 1:1
Dividend - Rs 2 Per Share
Annual General Meeting/Dividend - Rs 1.20 Per Share
Latest News
All news →Hind Rectifiers board meets; no major announcements disclosed.
*Hind Rectifiers board meets; no major announcements disclosed.* Hind Rectifiers Limited concluded its board meeting on June 10, 2026, with no disclosure of significant decisions like dividends, fundraising, or acquisitions. The outcome indicates routine deliberations without immediate market-moving developments. Traders may await further updates from the company. 📊 *STOCKS:* HINDRECTIF | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #BoardMeeting
Hind Rectifiers announces AGM and e-voting details
*Hind Rectifiers announces AGM and e-voting details.* The company has released notice of its upcoming Annual General Meeting. Details regarding date, time, and e-voting procedures are included in the newspaper publication. Shareholders are advised to review the notice for participation guidelines. 📊 *STOCKS:* HINDRECTIFIER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Hind Rectifiers discloses routine compliance filing
*Hind Rectifiers discloses routine compliance filing* pursuant to Regulation 36(1)(b) under SEBI's LODR norms. The update is part of mandatory disclosure requirements. No financial or operational impact is indicated. 📊 *STOCKS:* HINDRECTIFIER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #compliance
Hind Rectifiers to hold shareholder meeting on August 11, 2026
*Hind Rectifiers to hold shareholder meeting on August 11, 2026.* The meeting is scheduled for routine corporate discussions. No major announcements or financial outcomes reported. Likely to cover standard governance updates. 📊 *STOCKS:* HINDRECTIF | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholderMeeting
Hind Rectifiers publishes mandatory newspaper notice
*Hind Rectifiers publishes mandatory newspaper notice* Hind Rectifiers Limited has issued a copy of its newspaper publication as part of regulatory compliance. The filing contains no financial figures or strategic updates. It is a routine corporate requirement with no immediate market implications. 📊 *STOCKS:* HINDRECT | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Hind Rectifiers shares see general corporate updates
Hind Rectifiers Limited has filed general corporate updates with the NSE. The filing does not disclose specific financials or strategic moves. Traders should monitor for further clarity. 📊 *STOCKS:* HINDRECTIFIER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporateupdate
Hind Rectifiers calls shareholders meeting for postal ballot
*Hind Rectifiers calls shareholders meeting for postal ballot.* The company has issued a notice for shareholders to vote on a corporate matter via postal ballot. Specific details of the resolution were not disclosed in the filing. Such meetings are routine and typically involve board or governance-related approvals. 📊 *STOCKS:* HINDRECT | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholdersMeeting
Hind Rectifiers to host analyst and investor meet.
*Hind Rectifiers to host analyst and investor meet.* The company has announced a scheduled meet for updates, likely covering operational and financial performance. Such events often lead to increased investor engagement and minor stock movement. Details on key business developments may emerge. 📊 *STOCKS:* HINDRECTIFIER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹277.39 Cr ▲22.1% | ₹227.15 Cr ▲5.8% | ₹214.77 Cr ▲16.1% | ₹185.05 Cr ▲9.5% | ₹168.94 Cr ▲1.9% | ₹165.85 Cr ▲22.4% | ₹135.53 Cr ▼10.2% | ₹151 Cr |
| Op. Profit | ₹25.55 Cr ▼1.3% | ₹25.88 Cr ▲6.9% | ₹24.22 Cr ▲21.7% | ₹19.9 Cr ▲12.9% | ₹17.63 Cr ▼3.7% | ₹18.31 Cr ▲26.5% | ₹14.48 Cr ▲3.4% | ₹14 Cr |
| OPM | 9.2% ▼19.1% | 11.4% ▲1.0% | 11.3% ▲4.9% | 10.8% ▲3.0% | 10.4% ▼5.4% | 11.0% ▲3.4% | 10.7% ▲18.7% | 9.0% |
| Net Profit | ₹12.7 Cr ▼13.7% | ₹14.72 Cr ▲15.3% | ₹12.77 Cr ▲27.8% | ₹9.99 Cr ▼0.2% | ₹10.01 Cr ▼1.8% | ₹10.19 Cr ▲47.0% | ₹6.93 Cr ▲38.6% | ₹5 Cr |
| EPS (₹) | 3.69 ▼13.8% | 4.28 ▲15.1% | 3.72 ▲27.8% | 2.91 ▼0.3% | 2.92 ▼1.7% | 2.97 ▲47.0% | 2.02 ▲35.6% | 1.49 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Revenue | ₹999 Cr ▲52.5% | ₹655 Cr ▲26.4% | ₹518 Cr |
| Expenses | ₹915 Cr ▲56.4% | ₹585 Cr ▲23.7% | ₹473 Cr |
| Op. Profit | ₹84 Cr ▲18.3% | ₹71 Cr ▲57.8% | ₹45 Cr |
| OPM | 8.0% ▼27.3% | 11.0% ▲22.2% | 9.0% |
| Other Income | ₹0 Cr ▼100.0% | ₹1 Cr ▲116.7% | ₹-6 Cr |
| Interest | ₹16 Cr ▲14.3% | ₹14 Cr ▲7.7% | ₹13 Cr |
| Depreciation | ₹14 Cr ▲75.0% | ₹8 Cr ▲14.3% | ₹7 Cr |
| PBT | ₹54 Cr ▲8.0% | ₹50 Cr ▲177.8% | ₹18 Cr |
| Tax % | 28.0% ▲7.7% | 26.0% ▼10.3% | 29.0% |
| Net Profit | ₹39 Cr ▲5.4% | ₹37 Cr ▲184.6% | ₹13 Cr |
| EPS (₹) | 11.23 ▲3.8% | 10.82 ▲196.4% | 3.65 |
| Div Payout | 0.0% ▼100.0% | 9.0% ▼43.8% | 16.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
| Liabilities | ||||
| Equity Capital | ₹7 Cr ▲133.3% | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr |
| Reserves | ₹202 Cr ▲8.0% | ₹187 Cr ▲19.9% | ₹156 Cr ▲28.9% | ₹121 Cr |
| Borrowings | ₹245 Cr ▲17.8% | ₹208 Cr ▲26.8% | ₹164 Cr ▲21.5% | ₹135 Cr |
| Other Liabilities | ₹209 Cr ▲95.3% | ₹107 Cr ▲15.1% | ₹93 Cr ▲31.0% | ₹71 Cr |
| Total Liabilities | ₹662 Cr ▲31.1% | ₹505 Cr ▲21.1% | ₹417 Cr ▲26.0% | ₹331 Cr |
| Assets | ||||
| Fixed Assets | ₹203 Cr ▲81.3% | ₹112 Cr ▲4.7% | ₹107 Cr ▲18.9% | ₹90 Cr |
| CWIP | ₹3 Cr ▼94.4% | ₹54 Cr ▲350.0% | ₹12 Cr ▼45.5% | ₹22 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹455 Cr ▲34.6% | ₹338 Cr ▲13.4% | ₹298 Cr ▲36.1% | ₹219 Cr |
| Total Assets | ₹662 Cr ▲31.1% | ₹505 Cr ▲21.1% | ₹417 Cr ▲26.0% | ₹331 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Operating CF | ₹86 Cr ▲138.9% | ₹36 Cr ▲5.9% | ₹34 Cr |
| Investing CF | ₹-90 Cr ▼260.0% | ₹-25 Cr ▼31.6% | ₹-19 Cr |
| Financing CF | ₹8 Cr ▲172.7% | ₹-11 Cr ▲21.4% | ₹-14 Cr |
| Net Cash Flow | ₹4 Cr | ₹0 Cr | ₹0 Cr |
| Free Cash Flow | ₹-12 Cr ▼185.7% | ₹14 Cr ▼30.0% | ₹20 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Debtor Days | 90d ▲47.5% | 61d ▼3.2% | 63d |
| Inventory Days | 74d ▼19.6% | 92d ▲0.0% | 92d |
| Days Payable | 59d ▲28.3% | 46d ▲2.2% | 45d |
| Cash Conv. Cycle | 105d ▼1.9% | 107d ▼2.7% | 110d |
| Working Capital Days | 16d ▼36.0% | 25d ▲4.2% | 24d |
| ROCE | 19.0% ▼13.6% | 22.0% | — |
Source: Screener.in · Lower days = better efficiency
About Hind Rectifiers Limited
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.
Capital Goods · Industrial Manufacturing