Hind Rectifiers Limited (IN:HIRECT)
:HIRECT
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Hind Rectifiers Limited
(HIRECT)
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Rating:58Neutral
Price Target:
₹707.00
▼(-51.96% Downside)
Action:ReiteratedDate:11/19/25
Hind Rectifiers Limited's strong financial performance is a key strength, driven by robust revenue growth and profitability. However, technical indicators show bearish momentum, and the high P/E ratio suggests overvaluation. The low dividend yield further limits attractiveness for income-focused investors.
Positive Factors
Revenue Growth & Margin Expansion
Sustained double-digit revenue growth alongside rising gross and net margins indicates stronger product demand and improved pricing or cost control. These durable trends support reinvestment in core products, higher retained earnings, and better operating leverage over the medium term.
Negative Factors
Decline in Free Cash Flow
A sharp fall in free cash flow reduces discretionary resources for dividends, debt reduction or strategic investments. If higher capex is sustained, it may pressure liquidity and require external funding, tightening financial flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Margin Expansion
Sustained double-digit revenue growth alongside rising gross and net margins indicates stronger product demand and improved pricing or cost control. These durable trends support reinvestment in core products, higher retained earnings, and better operating leverage over the medium term.
Read all positive factors
Hind Rectifiers Limited (HIRECT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.48B
Dividend Yield0.13%
Average Volume (3M)3.93K
Price to Earnings (P/E)49.8
Beta (1Y)1.17
Revenue Growth35.05%
EPS Growth99.65%
CountryIN
Employees425
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)3.79
Shares Outstanding34,367,615
10 Day Avg. Volume1,446
30 Day Avg. Volume3,930
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)10.20
Price to Sales (P/S)2.49
P/FCF Ratio126.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
How the Company Makes Money
HIRECT primarily makes money by selling power electronics products and systems to institutional and industrial customers. Key revenue streams include: (1) sale of power conversion equipment (such as rectifiers/charger and converter systems) typica...
Hind Rectifiers Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.96B | 6.55B | 5.17B | 3.59B | 3.72B | 3.05B |
| Gross Profit | 1.84B | 1.77B | 1.31B | 795.31M | 828.28M | 687.00M |
| EBITDA | 879.97M | 686.98M | 378.62M | 49.51M | 225.34M | 203.70M |
| Net Income | 474.87M | 371.13M | 125.10M | -63.63M | 77.98M | 53.31M |
Balance Sheet | ||||||
| Total Assets | 5.05B | 4.17B | 3.31B | 2.92B | 2.46B | 2.41B |
| Cash, Cash Equivalents and Short-Term Investments | 386.04M | 31.71M | 34.60M | 81.50M | 36.22M | 49.88M |
| Total Debt | 2.08B | 1.64B | 1.35B | 1.05B | 749.90M | 837.57M |
| Total Liabilities | 3.14B | 2.57B | 2.06B | 1.81B | 1.39B | 1.41B |
| Stockholders Equity | 1.90B | 1.60B | 1.25B | 1.12B | 1.07B | 997.71M |
Cash Flow | ||||||
| Free Cash Flow | 99.26M | 129.09M | 195.65M | -212.40M | 161.91M | 98.36M |
| Operating Cash Flow | 633.15M | 356.25M | 338.98M | 330.25M | 362.66M | 231.21M |
| Investing Cash Flow | -432.04M | -253.06M | -194.73M | -293.02M | -206.03M | -83.81M |
| Financing Cash Flow | 45.27M | -107.38M | -142.64M | -36.79M | -159.45M | -161.46M |
Hind Rectifiers Limited Technical Analysis
Negative
1471.60
Price Trends
686.49
Negative
712.57
Negative
754.51
Negative
Market Momentum
-2.25
Positive
44.92
Neutral
23.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HIRECT, the sentiment is Negative. The current price of 1471.6 is above the 20-day moving average (MA) of 722.53, above the 50-day MA of 686.49, and above the 200-day MA of 754.51, indicating a bearish trend. The MACD of -2.25 indicates Positive momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 23.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HIRECT.
Hind Rectifiers Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹92.38B | 20.04 | ― | 1.27% | 15.87% | -4.28% | |
70 Outperform | ₹78.37B | 14.87 | ― | 0.82% | 129.98% | 215.49% | |
65 Neutral | ₹14.43B | 16.63 | ― | ― | 34.48% | 40.61% | |
65 Neutral | ₹84.53B | 28.99 | ― | 0.07% | 33.60% | 100.44% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ₹24.48B | 49.83 | ― | 0.13% | 35.05% | 99.65% | |
54 Neutral | ₹1.50B | 63.14 | ― | 0.26% | 9.12% | 22.53% |
* Industrials Sector Average
IN:HIRECT
Hind Rectifiers Limited
712.40
266.17
59.65%
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Hind Rectifiers Limited Corporate Events
Hind Rectifiers to Set Up UAE Holding Subsidiary for Global Expansion
Mar 13, 2026
Hind Rectifiers Limited’s board has approved the incorporation of a wholly owned subsidiary in the United Arab Emirates, to be registered under a name cleared by the Dubai International Financial Centre and other local regulators. The UAE en...
Hind Rectifiers Overhauls Leadership With New Global CEO and Interim Compliance Chief
Jan 30, 2026
Hind Rectifiers Limited has strengthened its leadership structure with the appointment of Douglas J. Bailey as Global Chief Executive Officer for the company and its present and future subsidiaries, and the designation of Megha Singh Shekhawat as ...
Hind Rectifiers Overhauls Leadership, Names Global CEO and Interim Compliance Chief
Jan 30, 2026
Hind Rectifiers Limited has announced a management reshuffle, appointing veteran semiconductor and electronics executive Douglas J. Bailey as Global Chief Executive Officer for the company and all present and future subsidiaries. Bailey brings mor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.