Hind Rectifiers
- Market cap
- ₹ 3,501 Cr.
- P/E
- 89.2x
- P/B
- 16.85x
- 52-week range
- 565.2 – 1,399
- ROE
- 25%
- ROCE
- 19%
- Dividend yield
- 0.1%
- Debt / equity
- 1.17
- Sector
- Industrial Manufacturing
- Industry
- Industrial Products
- Listed on
- NSE, BSE
About
Hirect Limited, formerly Hind Rectifiers Limited, is an India-based company, which is engaged in developing, designing, manufacturing, and marketing power semiconductors, power electronic equipment and railway transportation equipment. The Company is engaged in designing, manufacturing, and marketing of electronic, electrical, electromechanical equipment such as transformers, converters, rectifiers, motors, panels, heating ventilation and air conditioning (HVAC), power supplies, & battery chargers, for railway and general industries like power-plants, steel, cement, and others. The Company's products include traction & aux transformers, insulated-gate bipolar transistor (IGBT) propulsion systems, auxiliary converters & battery chargers, on-board DC rectifiers, traction motor, electrical switch boards, safety & protection electronics, rolling stock HVAC systems, electrostatic precipitator, high current rectifiers, power quality improvement, and special rectifiers.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Products: 186 companies →Hind Rectifiers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)89.2 against a typical 30.9: pricier than most peers (1st = cheapest).161st of 184
- Sales growth+20.3% against a typical +20.3% from a year earlier.74th of 147
- Profit growth−49.1% against a typical +9.4% from a year earlier.96th of 121
- Share price, 3 months−24.2% against a typical −3.8%.146th of 164
- Size₹ 3,500.8 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).25th of 176
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BBB+ | Stable | 20 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 20 Aug 2026 | Reaffirmed | Crisil BBB+ | — | CRISIL | ₹ 228.9 Cr. | |
| 2 Aug 2025 | ▲ Upgrade | Crisil BBB+ | — | CRISIL | ₹ 228.9 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 11 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 16 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 11 Feb 2026 | Financial Results | To consider and approve the unaudited financial results for the period ended December 31, 2025. |
| 6 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025. |
| 29 Jul 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 5 May 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 137 | 151 | 136 | 166 | 169 | 185 | 215 | 227 | 277 | 280 | 258 |
| Expenses | 123 | 138 | 121 | 148 | 151 | 165 | 191 | 201 | 252 | 271 | 245 |
| Operating Profit | 13 | 14 | 14 | 18 | 18 | 20 | 24 | 26 | 26 | 8 | 13 |
| OPM % | 9.9% | 8.9% | 10.7% | 11% | 10.4% | 10.8% | 11.3% | 11.4% | 9.2% | 3% | 5.1% |
| Other Income | −7 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | −1 | 0 | 8 |
| Interest | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 4 | 5 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 5 |
| Profit before tax | 1 | 8 | 10 | 13 | 13 | 14 | 18 | 20 | 15 | 1 | 12 |
| Tax % | −14.4% | 33.8% | 28.7% | 21.2% | 25.6% | 28.7% | 29.5% | 25.1% | 17.1% | 285.9% | 44% |
| Net Profit | 2 | 5 | 7 | 10 | 10 | 10 | 13 | 15 | 13 | −2 | 7 |
| EPS in Rs | 0.44 | 1.49 | 2.02 | 2.97 | 2.92 | 2.91 | 3.72 | 4.28 | 3.69 | 1.31 | 2.74 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- 42%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- −9%
- 10 Years
- 40%
- 5 Years
- 75%
- 3 Years
- 92%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 22%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Hind Rectifiers | ₹ 1,009.00 | ₹ 3,501 Cr. | 89.2x | 16.9x | 25% | — |
| Premier Energies | ₹ 882.00 | ₹ 39,782 Cr. | 30.2x | 10.6x | 0% | 0% |
| Emmvee Photovoltaic Power | ₹ 237.80 | ₹ 16,430 Cr. | 18.7x | 6x | 0% | 0% |
| Vikram Solar | ₹ 127.85 | ₹ 4,633 Cr. | 13.4x | 2.1x | 0% | 0% |
| Saatvik Green Energy | ₹ 350.00 | ₹ 4,469 Cr. | 13.4x | 3.8x | 0% | 0% |
| Moschip Technologies | ₹ 164.80 | ₹ 3,215 Cr. | 104.1x | 10.1x | 0% | 0% |
Management
- Suramya Nevatia
- Chairman of the Board, Chief Executive Officer, Managing Director
- Anil Kumar Mathura Prasad Nemani
- Chief Financial Officer, Whole-Time Director
- Suhas G. Pawar
- Compliance Officer, Company Secretary
- Akshada Suramya Nevatia
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.