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Hind Rectifiers Limited

Hind Rectifiers Limited

HIRECT.NS
Hind Rectifiers LimitedIN flagNational Stock Exchange of India
1,062.20
INR
+21.20
- -
36.51BMarket Cap
Hind Rectifiers Limited
HIRECT.NS
(National Stock Exchange of India)

Recent

price

1,062.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
32.69
37.93
43.81
31.11
30.22
30.21
35.81
37.81
76.97
90.38
92.06
112.3
107.94
150.95
191.07
- -
303.28
Revenue per Share
3.26
3.44
3.26
-1.58
-1.15
-0.49
-2.29
0.4
3.56
5.58
1.61
2.35
-1.92
3.65
10.82
- -
13.57
Basic EPS, GAAP
-0.02
-1.16
0.81
-0.71
-0.39
0.16
-2.4
-4.29
1.95
-3.21
2.54
4.89
1.09
5.71
3.76
- -
- -
Free Cash Flow per Basic Share
0.68
0.73
0.77
0.77
0.1
- -
- -
- -
- -
- -
- -
0.2
0.2
- -
0.6
- -
- -
Dividend per Share
0.97
1.27
1.37
1.04
-0.11
-1.02
-3.26
-2.59
1.26
5.64
6.89
9.07
6.88
10.31
20.52
- -
2.09
Book Value per Share
17.33
19.98
22.2
20.75
20.08
17.46
14.65
17.23
19.88
24.79
25.24
27.01
27.53
30.17
40.5
- -
55.07
Tangible Book Value per Share
31
31
31
31
31
31
31
33
33
33
33
33
33
34
34
- -
33
Basic Weighted Avg Shares
1,016
1,179
1,362
967
940
939
1,113
1,253
2,550
2,994
3,050
3,720
3,577
5,170
6,554
9,991
9,991
Sales/Revenue/Turnover
12.24
11.49
8.71
-5.85
-4.1
0.63
2.61
5.6
11.02
11.11
5.68
5.78
3.27
8.1
9.43
7.03
7.03
Operating Margin (%)
24
24
23
23
15
16
20
23
27
41
38
45
51
74
85
138
138
Depreciation Expense
101
107
101
-49
-36
-15
-71
13
118
185
53
78
-64
125
371
450
447
Net Income, GAAP
12.7
11.57
8.82
- -
- -
- -
- -
34.85
29.18
29.58
27.59
30.13
- -
29.28
25.94
28.41
28.41
Effective Tax Rate (%)
9.98
9.06
7.44
-5.09
-3.8
-1.61
-6.4
1.05
4.62
6.17
1.75
2.1
-1.78
2.42
5.66
4.5
4.47
Profit Margin (%)
371
444
500
435
346
330
208
303
434
496
502
522
347
360
486
491
491
Working Capital
2
2
3
1
4
56
65
100
167
151
113
210
243
283
321
386
386
LT Debt
553
632
705
656
633
602
532
663
781
956
998
1,074
1,117
1,245
1,599
2,058
2,058
Total Equity
20.31
17.95
12.91
- -
- -
- -
- -
4.66
15.9
14.6
6.99
8.47
- -
12.69
15.84
13.02
13.02
Return on Invested Capital (%)
220.03
110.04
48.18
- -
- -
- -
- -
13.01
30.4
26.81
10.83
11.91
- -
14.44
23.15
26.01
25.75
Return on Capital (%)
336.84
306.69
246.49
-131.36
- -
- -
- -
- -
- -
161.67
25.7
29.5
-24.08
43.06
70.24
116.54
115.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,608
- -
2,060
LT Borrowings
440
- -
325
LT Finance Leases
28
- -
61
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
- -
34
Market Capitalization
27,928
25,773
21,746

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,245
- -
4,454
Cash, Cash Equivalents & STI
386
- -
195
Accounts Receivable, Net
1,016
- -
2,464
Inventories
1,428
- -
1,491
Total Current Liabilities
2,569
- -
3,963
Payables & Accruals
- -
- -
- -
ST Debt
1,608
- -
2,060
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.79%
16.05%
28.73%
Free Cash Flow
-184.25%
46.65%
-189.71%
Net Income, GAAP
82.18%
-42.8%
21.27%
Sales/Revenue/Turnover
29.58%
28.38%
52.45%
Total Cash Common Dividend
- -
- -
66.84%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
976
1,320
1,366
1,508
5,170
2025
1,355
1,658
1,689
1,850
6,554
2026
2,148
2,271
2,774
2,798
9,991

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.55
1.16
0.44
- -
3.65
2025
2.02
2.98
2.92
2.91
10.82
2026
3.72
4.29
3.79
1.52
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.6
2026
- -
- -
- -
- -
- -
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Business
Hind Rectifiers Limited Hind Rectifiers Limited designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment primarily in India with international reach. The company offers power semiconductor devices including studs, flat bases, capsule devices, power stacks, assemblies, and rotating assemblies; power electronic equipment such as active harmonic filters, constant current regulators, water-cooled rectifiers, thyristor-controlled rectifiers, battery chargers, high-voltage and high-current rectifiers, electrostatic precipitators, power quality improvement solutions, and special purpose rectifiers; and railway transportation systems comprising traction and auxiliary transformers, IGBT propulsion systems, auxiliary converters and battery chargers, on-board DC rectifiers, traction motors, panels, electrical switchboards, power supplies, safety and protection electronics, rolling stock HVAC systems, inverters from 25 kVA to 180 kVA, and propulsion systems for locomotives, coaches, EMUs, and mass transit. Its products serve industries including power generation, metals, paper, cement, chemicals, aviation, telecommunications, marine, defense, oil and gas, petrochemicals, and railways, with manufacturing facilities in Mumbai, Nashik, Sinnar, and Dehradun, and sales and service networks across India. Founded in 1958 in collaboration with Westinghouse Brake & Signal Co. Ltd., U.K., and headquartered at Peninsula Corporate Park in Mumbai, India, the company recently acquired the business and operating assets of France-based BeLink Solutions for €1 million in September 2025 to establish a European manufacturing base in robotics, electronics manufacturing services, and electronics R&D, while incorporating subsidiary BELINK HIRECT SAS in France with a 66% equity stake and infusing €2 million, and raising ₹273.6 crore through a preferential issue of 200,000 equity warrants in September 2025.

Company News

APIChatGPT

  • gurufocus.com

    Hirect Advances Heavy Haul Capability with Successful Loaded Run of 6,000 HP Locomotive Propulsion System

  • prnewswire.com

    HIRECT Announces Availability of Advanced Copper Conductors for High-Power Transformers from Expanded India Facility