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Hind Rectifiers Limited (HIRECT.NS)

INR1,273.60 +211.20 (+19.88%)
IN NSE Industrials Electrical Equipment & Parts
Address Lake Road 400078
Mumbai, IN
CEO Manoj Nair
Website hirect.com
IPO 2006-12-27
ISIN INE835D01023

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HIRECT.BO (INR) National Stock Exchange of India · HIRECT.NS (INR)
Description

Mumbai-headquartered Hind Rectifiers Limited, established in 1958, specializes in the development, engineering, manufacturing, and global distribution of power semiconductor components, electronic power systems, and critical railway transportation apparatus. For the railway sector, their extensive product range encompasses advanced IGBT-based converters, various traction and auxiliary transformers, integrated auxiliary panels, and sophisticated electronic controls for 3-phase locomotives and LHB coaches. They also deliver IGBT propulsion units, auxiliary converters, battery chargers, on-board DC rectifiers, traction motors, electrical distribution boards, safety and protection electronics, and HVAC systems for rolling stock. In the industrial and power generation spheres, Hind Rectifiers supplies high-voltage power solutions for electrostatic precipitators aiding pollution control, alongside substantial power supplies and specialized rectifiers for electrolysis and other electrochemical processes. Furthermore, the company offers power quality enhancement systems. Completing its offerings, Hind Rectifiers provides essential installation, maintenance, and commissioning services for its diverse range of equipment.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,273.60 +211.20 (+19.88%)
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Volume Profile
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Liquidity & share structure
Average Volume
239.2K
Beta
0.36
Float Shares
12.49M
Free Float %
36.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+9.10% +12.44% +10.49% +52.81% +29.87% +31.45% +88.85% +811.38% +1,301.88% +3,026.42% +2,162.88%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,273.60
DCF (Levered) 413.97 -67.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.46
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Electrical Equipment & Parts: +13.1%
    +52.5% Q1'26: +51.2% (vs Q1'25)
  • EPS growth Electrical Equipment & Parts: +22.4%
    +20.8% Q1'26: -55.0% (vs Q1'25)
  • FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    +4.1% Q1'26: +3.5% (vs Q1'25)
  • EBIT margin Electrical Equipment & Parts: +8.2%
    +7.0% Q1'26: +1.6% (vs Q1'25)
  • ROIC Electrical Equipment & Parts: +6.4%
    +11.3% Q1'26: +2.5% (vs Q1'25)
  • Share dilution Electrical Equipment & Parts: +0.0%
    +0.4% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    2.91× Q1'26: 7.26× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.63) × ERP
WACC = 93% × Ke + 7% × Kd (6.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1,273.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2013
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
1.36B
est: 380.48M (+258.0%)
2.55B
est: 2.48B (+2.6%)
2.99B
est: 3.07B (-2.6%)
3.05B
est: 3.57B (-14.5%)
3.72B
est: 4.31B (-13.6%)
3.59B
est: 3.07B (+16.8%)
5.17B
est: 3.57B (+45.0%)
6.55B
est: 3.07B (+113.2%)
3.07B
3.07B – 3.07B
+0.0% YoY
3.57B
3.57B – 3.57B
+16.0% YoY
EBITDA
145.48M
est: 24.29M (+498.9%)
263.70M
est: 845.69M (-68.8%)
384.66M
est: 196.23M (+96.0%)
203.70M
est: 227.63M (-10.5%)
225.35M
est: 322.20M (-30.1%)
49.51M
est: 196.23M (-74.8%)
378.62M
est: 227.63M (+66.3%)
686.98M
est: 196.23M (+250.1%)
196.23M
196.23M – 196.23M
+0.0% YoY
227.63M
227.63M – 227.63M
+16.0% YoY
EBIT
118.60M
est: 19.43M (+510.3%)
236.52M
est: 771.90M (-69.4%)
335.57M
est: 157.00M (+113.7%)
165.45M
est: 182.12M (-9.2%)
180.43M
est: 468.51M (-61.5%)
-1.88M
est: 157.00M (-101.2%)
304.15M
est: 182.12M (+67.0%)
618.23M
est: 157.00M (+293.8%)
157.00M
157.00M – 157.00M
+0.0% YoY
182.12M
182.12M – 182.12M
+16.0% YoY
Net Income
101.28M
est: 33.30M (+204.2%)
117.91M
est: 661.53M (-82.2%)
184.79M
est: 231.61M (-20.2%)
53.31M
est: 277.15M (-80.8%)
77.99M
est: 258.91M (-69.9%)
-63.63M
est: 231.61M (-127.5%)
125.10M
est: 554.29M (-77.4%)
371.13M
est: 463.23M (-19.9%)
463.23M
463.23M – 463.23M
+0.0% YoY
554.29M
554.29M – 554.29M
+19.7% YoY
SGA
241.81M
est: 32.87M (+635.7%)
34.03M
est: 1.65B (-97.9%)
34.66M
est: 265.51M (-86.9%)
331.52M
est: 307.99M (+7.6%)
368.68M
est: 675.22M (-45.4%)
396.89M
est: 265.51M (+49.5%)
88.10M
est: 307.99M (-71.4%)
632.59M
est: 265.51M (+138.3%)
265.51M
265.51M – 265.51M
+0.0% YoY
307.99M
307.99M – 307.99M
+16.0% YoY
EPS
3.26
est: 1.94 (+68.2%)
3.56
est: 6.46 (-44.9%)
5.58
est: 13.48 (-58.6%)
1.61
est: 16.13 (-90.0%)
2.36
est: 26.64 (-91.2%)
-1.92
est: 13.48 (-114.2%)
3.65
est: 16.13 (-77.4%)
10.82
est: 13.48 (-19.7%)
13.48
13.48 – 13.48
+0.0% YoY
16.13
16.13 – 16.13
+19.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-19 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-05-18 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
364.65M
OE per share TTM
10.61
Owner's Yield
1.07%
Maintenance CapEx ratio
296.82%
Maint CapEx / Avg PPE
15.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.65M
Shares Outstanding
34.37M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Suramya Saurabh Nevatia Chairman & MD 36M male
Akshada Suramya Nevatia Executive Director 21M female
Esha Vidhani Head Human Resources
K. R. Narayanan Chief Revenue Officer male
Lalit Tejwani Chief Strategy Officer male
Manoj Nair Chief Executive Officer male
Megha Singh Shekhawat Interim Company Secretary & Compliance Officer female
Preeti Sharma Head Legal
Shailesh Jadhav Vice President of Operations male
Anil Kumar Nemani Chief Financial Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits