Hind Rectifiers Limited (HIRECT) AI Stock Analysis

• Market Cap: ₹38.41B
• Dividend Yield: 0.13%
• Average Volume (3M): 3.93K
• Price to Earnings (P/E): 85.7
• Beta (1Y): 1.32
• Revenue Growth: 52.45%
• EPS Growth: 21.13%
• Country: IN
• Employees: 425
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 13.85
• Shares Outstanding: 34,372,240
• 10 Day Avg. Volume: 1,446
• 30 Day Avg. Volume: 3,930
• PEG Ratio: 2.39
• Price to Book (P/B): 10.87
• Price to Sales (P/S): 2.27
• P/FCF Ratio: -86.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹1,218.00 ▼(-17.23% Downside)
• Action: Reiterated
• Date: 05/28/26

Positive Factors

Sustained Revenue Growth

Multi-year revenue expansion from ~3.0B to ~10.0B demonstrates durable demand and successful scaling across product and project lines. Sustained top-line growth indicates repeatable tender wins and broader market penetration, supporting long-term capacity utilization and operational scale benefits.

Negative Factors

Rising Leverage

Debt now exceeds equity, increasing financial leverage and sensitivity to interest-rate or demand shocks. Higher leverage constrains strategic optionality, elevates refinancing risk for project-backed receivables, and can amplify earnings volatility if project timings or margins slip over the medium term.

Hind Rectifiers Limited Business Overview & Revenue Model

Company Description

Hind Rectifiers Limited develops, designs, manufactures, and markets power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally. It offers IGBT-based converters, transformers, auxilia...

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Hind Rectifiers Limited develops, designs, manufactures, and markets power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally. It offers IGBT-based converters, transformers, auxilia...

How the Company Makes Money

HIRECT primarily makes money by selling engineered power electronics and electrical equipment and executing associated project/contract work for customers that require power conversion and control systems. Key revenue streams include: (1) Product ...

Read more

HIRECT primarily makes money by selling engineered power electronics and electrical equipment and executing associated project/contract work for customers that require power conversion and control systems. Key revenue streams include: (1) Product ...

Hind Rectifiers Limited Financial Statement Overview

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	7.96B	9.99B	6.55B	5.17B	3.59B	3.72B
Gross Profit	1.84B	1.37B	1.77B	1.31B	795.31M	828.28M
EBITDA	879.97M	840.75M	686.98M	378.62M	49.51M	225.34M
Net Income	474.87M	450.08M	371.13M	125.10M	-63.63M	77.98M
Balance Sheet
Total Assets	5.05B	6.62B	4.17B	3.31B	2.92B	2.46B
Cash, Cash Equivalents and Short-Term Investments	386.04M	195.02M	31.71M	34.60M	81.50M	36.22M
Total Debt	2.08B	2.45B	1.64B	1.35B	1.05B	749.90M
Total Liabilities	3.14B	4.56B	2.57B	2.06B	1.81B	1.39B
Stockholders Equity	1.90B	2.09B	1.60B	1.25B	1.12B	1.07B
Cash Flow
Free Cash Flow	99.26M	-262.10M	129.09M	195.65M	-212.40M	161.91M
Operating Cash Flow	633.15M	711.83M	356.25M	338.98M	330.25M	362.66M
Investing Cash Flow	-432.04M	-907.04M	-253.06M	-194.73M	-293.02M	-206.03M
Financing Cash Flow	45.27M	231.75M	-107.38M	-142.64M	-36.79M	-159.45M

Hind Rectifiers Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1471.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HIRECT, the sentiment is Positive. The current price of 1471.6 is above the 20-day moving average (MA) of 960.50, above the 50-day MA of 862.06, and above the 200-day MA of 795.99, indicating a bullish trend. The MACD of 56.34 indicates Negative momentum. The RSI at 69.17 is Neutral, neither overbought nor oversold. The STOCH value of 84.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HIRECT.

Hind Rectifiers Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDOTECH	71 Outperform	₹26.53B	28.80	―	―	27.84%	45.24%
VOLTAMP	68 Neutral	₹95.94B	31.46	―	1.27%	11.35%	-6.15%
GENUSPOWER	65 Neutral	₹95.20B	14.63	―	0.82%	94.55%	93.38%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HIRECT	61 Neutral	₹38.41B	85.72	―	0.13%	52.45%	21.13%
TARIL	60 Neutral	₹96.25B	34.63	―	0.07%	24.24%	23.80%
AARTECH	52 Neutral	₹1.34B	34.29	―	0.26%	12.47%	54.79%

Hind Rectifiers Limited Corporate Events