Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:02 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 504036 | NSE: HIRECT

Hind Rectifiers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹524.68Overvalued by 25.26%vs CMP ₹702.00

P/E (46.0) × ROE (25.7%) × BV (₹55.40) × DY (0.14%)

₹355.87Overvalued by 49.31%vs CMP ₹702.00
MoS: -97.3% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹759.5326%Fair (+8.2%)
Graham NumberEarnings₹193.1819%Over (-72.5%)
DCFCash Flow₹303.3812%Over (-56.8%)
Net Asset ValueAssets₹55.258%Over (-92.1%)
EV/EBITDAEnterprise₹215.1910%Over (-69.3%)
Earnings YieldEarnings₹299.408%Over (-57.4%)
ROCE CapitalReturns₹228.1010%Over (-67.5%)
Revenue MultipleRevenue₹190.486%Over (-72.9%)
Consensus (8 models)₹355.87100%Overvalued
Key Drivers: EPS CAGR 44.8% lifts DCF — verify sustainability. | Wide model spread (₹55–₹760) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 44.8%

*Investments are subject to market risks

Investment Snapshot

72
Hind Rectifiers Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health64/100 · Moderate
ROCE 21.6% ExcellentROE 25.7% ExcellentD/E 1.04 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.18% (6mo) Slight increasePromoter holding at 43.9% Stable
Earnings Quality65/100 · Strong
OPM expanding (5% → 10%) Improving
Quarterly Momentum90/100 · Strong
Revenue (4Q): +35% YoY AcceleratingProfit (4Q): +100% YoY Strong
Industry Rank85/100 · Strong
P/E 46.0 vs industry 57.9 In-lineROCE 21.6% vs industry 11.2% Above peersROE 25.7% vs industry 15.6% Above peers3Y sales CAGR: 21% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:02 am

Market Cap 2,414 Cr.
Current Price 702
Intrinsic Value₹355.87
High / Low 1,054/400
Stock P/E46.0
Book Value 55.4
Dividend Yield0.14 %
ROCE21.6 %
ROE25.7 %
Face Value 2.00
PEG Ratio1.03

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hind Rectifiers Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hind Rectifiers Ltd 2,414 Cr. 702 1,054/40046.0 55.40.14 %21.6 %25.7 % 2.00
Cyient DLM Ltd 2,261 Cr. 285 541/26533.4 1230.00 %12.3 %8.23 % 10.0
MIC Electronics Ltd 758 Cr. 31.5 83.0/30.081.6 9.480.00 %8.71 %5.57 % 2.00
Centum Electronics Ltd 4,224 Cr. 2,866 3,067/1,31075.9 2740.21 %12.0 %3.14 % 10.0
BCC Fuba India Ltd 231 Cr. 116 191/80.747.1 13.00.00 %18.7 %17.4 % 10.0
Industry Average3,369.78 Cr1,197.2657.90160.650.20%11.17%15.55%7.92

All Competitor Stocks of Hind Rectifiers Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 789711298132137151136166169185215227
Expenses 809110191121123138121148151165190201
Operating Profit -27117111314141818202426
OPM % -3%7%10%7%8%10%9%11%11%10%11%11%11%
Other Income 00-1100-70100000
Interest 2223334333444
Depreciation 1112222222233
Profit before tax -63-33618101313141820
Tax % -27%28%-24%28%34%-14%34%29%21%26%28%29%25%
Net Profit -42-2242571010101315
EPS in Rs -2.451.46-1.441.112.320.892.994.045.955.835.917.468.58

Last Updated: January 1, 2026, 11:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 9:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 979494111126255300305372359518655870
Expenses 1009692107116229262285349344473584775
Operating Profit -4-225102638202315457196
OPM % -4%-3%2%4%8%10%13%7%6%4%9%11%11%
Other Income 001-701000-10-61-0
Interest 2235688978131416
Depreciation 21222344457811
Profit before tax -7-6-2-1021726711-9185068
Tax % -30%-40%-31%-27%35%29%30%28%30%-27%29%26%
Net Profit -5-4-2-71121858-6133751
EPS in Rs -2.97-2.15-0.91-4.290.797.1211.163.224.71-3.717.3021.7229.94
Dividend Payout % -6%0%0%0%0%6%7%12%8%0%16%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)20.00%50.00%-250.00%114.29%1100.00%50.00%-72.22%60.00%-175.00%316.67%184.62%
Change in YoY Net Profit Growth (%)0.00%30.00%-300.00%364.29%985.71%-1050.00%-122.22%132.22%-235.00%491.67%-132.05%

Hind Rectifiers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:21%
5 Years:17%
3 Years:21%
TTM:32%
Compounded Profit Growth
10 Years:28%
5 Years:15%
3 Years:68%
TTM:79%
Stock Price CAGR
10 Years:37%
5 Years:65%
3 Years:110%
1 Year:82%
Return on Equity
10 Years:11%
5 Years:13%
3 Years:16%
Last Year:26%

Last Updated: September 5, 2025, 6:10 am

Balance Sheet

Last Updated: December 10, 2025, 2:47 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3333333333333
Reserves 6360595063759296104108121157187
Borrowings 232632415164908475105135164208
Other Liabilities 252630193543575764767193107
Total Liabilities 113116123113153185243241246292331418505
Fixed Assets 1618212027263341488090107112
CWIP 012541418202821221254
Investments 00000060000018
Other Assets 979610188121144185180170192219298321
Total Assets 113116123113153185243241246292331418505

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -125-3-4642236333436
Cash from Investing Activity + -1-3-5-4-10-10-22-8-20-29-19-25
Cash from Financing Activity + -103415319-15-17-4-14-11
Net Cash Flow -3-04-31-11-1-000-0
Free Cash Flow -2-11-7-14-4-1181642014
CFO/OP 18%-85%269%-84%-37%31%22%118%170%218%76%61%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-27.00-28.00-30.00-36.00-41.00-38.00-52.00-64.00-52.00-90.00-90.00-93.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 200221174117161909910566696361
Inventory Days 147117180126143106121106971219292
Days Payable 89971245711565696560694546
Cash Conversion Cycle 258241230185188132151146104120110107
Working Capital Days 159131125638160575850342425
ROCE %-6%-4%1%3%8%19%21%9%10%5%16%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 44.08%44.08%44.08%44.08%44.05%44.05%44.05%43.98%43.98%43.98%43.93%43.93%
FIIs 6.26%6.26%6.26%5.72%5.76%5.82%5.97%6.28%6.03%6.30%6.64%6.21%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.07%0.01%0.06%0.13%0.13%
Public 49.64%49.64%49.65%50.18%50.16%50.13%49.95%49.64%49.96%49.63%49.31%49.73%
No. of Shareholders 8,9217,9837,5808,4039,93610,99714,31916,59318,24118,49624,03823,276

Shareholding Pattern Chart

No. of Shareholders

Hind Rectifiers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24
FaceValue 2.002.00
Basic EPS (Rs.) 21.647.30
Diluted EPS (Rs.) 21.607.28
Cash EPS (Rs.) 26.5711.64
Book Value[Excl.RevalReserv]/Share (Rs.) 93.1572.66
Book Value[Incl.RevalReserv]/Share (Rs.) 93.1572.66
Revenue From Operations / Share (Rs.) 381.86301.99
PBDIT / Share (Rs.) 41.8326.17
PBIT / Share (Rs.) 36.8921.83
PBT / Share (Rs.) 29.2010.32
Net Profit / Share (Rs.) 21.627.30
NP After MI And SOA / Share (Rs.) 21.627.30
PBDIT Margin (%) 10.958.66
PBIT Margin (%) 9.657.22
PBT Margin (%) 7.643.41
Net Profit Margin (%) 5.662.41
NP After MI And SOA Margin (%) 5.662.41
Return on Networth / Equity (%) 23.2110.04
Return on Capital Employeed (%) 31.8323.65
Return On Assets (%) 8.893.77
Long Term Debt / Equity (X) 0.170.18
Total Debt / Equity (X) 0.991.04
Asset Turnover Ratio (%) 1.750.00
Current Ratio (X) 1.221.21
Quick Ratio (X) 0.660.64
Inventory Turnover Ratio (X) 6.030.00
Dividend Payout Ratio (NP) (%) 5.540.00
Dividend Payout Ratio (CP) (%) 4.500.00
Earning Retention Ratio (%) 94.460.00
Cash Earning Retention Ratio (%) 95.500.00
Interest Coverage Ratio (X) 5.443.52
Interest Coverage Ratio (Post Tax) (X) 3.812.53
Enterprise Value (Cr.) 1765.801159.34
EV / Net Operating Revenue (X) 2.692.24
EV / EBITDA (X) 24.6025.85
MarketCap / Net Operating Revenue (X) 2.451.99
Retention Ratios (%) 94.450.00
Price / BV (X) 10.068.29
Price / Net Operating Revenue (X) 2.451.99
EarningsYield 0.020.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hind Rectifiers Ltd. is a Public Limited Listed company incorporated on 25/04/1958 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L28900MH1958PLC011077 and registration number is 011077. Currently Company is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company's Total Operating Revenue is Rs. 655.37 Cr. and Equity Capital is Rs. 3.43 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electronics - Equipment/ComponentsLake Road, Mumbai Maharashtra 400078Contact not found
Management
NamePosition Held
Mr. Suramya NevatiaChairman & M.D & CEO
Mrs. Akshada NevatiaExecutive Director
Mr. Parimal MerchantNon Exe.Non Ind.Director
Mr. Ashlesha BodasIndependent Director
Mr. Vishal PacheriwalaIndependent Director
Mr. Vandan ShahIndependent Director

FAQ

What is the intrinsic value of Hind Rectifiers Ltd and is it undervalued?

As of 14 April 2026, Hind Rectifiers Ltd's intrinsic value is ₹355.87, which is 49.31% lower than the current market price of ₹702.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (25.7 %), book value (₹55.4), dividend yield (0.14 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hind Rectifiers Ltd?

Hind Rectifiers Ltd is trading at ₹702.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,054 and low of ₹400. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,414 Cr..

How does Hind Rectifiers Ltd's P/E ratio compare to its industry?

Hind Rectifiers Ltd has a P/E ratio of 46.0, which is below the industry average of 57.90. This is broadly in line with or below the industry average.

Is Hind Rectifiers Ltd financially healthy?

Key indicators for Hind Rectifiers Ltd: ROCE of 21.6 % indicates efficient capital utilization; ROE of 25.7 % shows strong shareholder returns. Dividend yield is 0.14 %.

Is Hind Rectifiers Ltd profitable and how is the profit trend?

Hind Rectifiers Ltd reported a net profit of ₹37 Cr in Mar 2025 on revenue of ₹655 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows an improving trend.

Does Hind Rectifiers Ltd pay dividends?

Hind Rectifiers Ltd has a dividend yield of 0.14 % at the current price of ₹702.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hind Rectifiers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports