HIRECT
Hind Rectifiers Limited (HIRECT) Stock Analysis
Hind Rectifiers Limited manufactures power semiconductors, rectifiers, and power electronic modules for industrial, railway, and traction applications. Its products support power conversion, control, and protection in demanding electrical systems. The company serves OEMs, railways, and industrial customers from India. It is a long-established listed electronics manufacturer.
Industrials › Electrical Equipment & Parts
₹1,113.70
-0.90% 1W | +34.70% 52W
Market Cap
3.8k CR
P/E Ratio
90.6
52W High
₹1399
52W Low
₹565.2
Div. Yield
0.13%
Beta
0.3
50 DMA
₹1232.4
200 DMA
₹970.9
Profit Margin
4%
Inst. Own.
3.2%
⚡ APPROACHING SUPPORT
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 136.63 | 151.36 | 135.53 | 165.85 | 168.94 | 185.05 | 214.77 | 227.15 | 277.39 | 279.82 | 258.45 |
| Expenses | 123.15 | 137.86 | 121.05 | 147.54 | 151.31 | 165.15 | 190.55 | 201.27 | 251.84 | 271.39 | 245.23 |
| Operating Profit | 13.48 | 13.50 | 14.48 | 18.31 | 17.63 | 19.90 | 24.22 | 25.88 | 25.55 | 8.43 | 13.22 |
| OPM % | 9.87% | 8.92% | 10.68% | 11.04% | 10.44% | 10.75% | 11.28% | 11.39% | 9.21% | 3.01% | 5.12% |
| Other Income | -6.91 | 0.38 | 0.51 | 0.13 | 0.50 | 0.34 | 0.23 | 0.13 | -1.07 | 0.36 | 7.86 |
| Interest | 3.23 | 4.13 | 3.26 | 3.40 | 2.52 | 4.02 | 3.62 | 3.56 | 4.71 | 4.09 | 4.74 |
| Depreciation | 2.02 | 2.00 | 2.01 | 2.11 | 2.15 | 2.22 | 2.73 | 2.81 | 4.45 | 3.85 | 4.71 |
| Profit before tax | 1.32 | 7.75 | 9.72 | 12.93 | 13.46 | 14.00 | 18.10 | 19.64 | 15.32 | 0.85 | 11.63 |
| Tax % | -14.39% | 33.81% | 28.70% | 21.19% | 25.63% | 28.71% | 29.50% | 25.05% | 17.10% | 285.88% | 44.02% |
| Net Profit | 1.52 | 5.12 | 6.93 | 10.19 | 10.01 | 9.99 | 12.77 | 14.72 | 12.70 | -1.58 | 6.50 |
| 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 |
| Metric | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 518 | 655 | 999 | 1,043 |
| Expenses | 473 | 585 | 914 | 970 |
| Operating Profit | 45 | 71 | 85 | 73 |
| OPM % | 9% | 11% | 9% | 7% |
| Other Income | -6 | 1 | -0 | 7 |
| Interest | 13 | 14 | 17 | 17 |
| Depreciation | 7 | 8 | 14 | 16 |
| Profit before tax | 18 | 50 | 54 | 47 |
| Tax % | 29% | 26% | 28% | |
| Net Profit | 13 | 37 | 39 | 32 |
| EPS in Rs | 3.65 | 10.82 | 13.10 | 12.02 |
| Dividend Payout % | 16% | 9% | 11% |
Shareholding Pattern
Promoters43.93%
FIIs6.64%
DIIs0.13%
Public49.31%
Promoters43.93%
FIIs6.21%
DIIs0.13%
Public49.73%
Promoters43.93%
FIIs6.38%
DIIs0.13%
Public49.55%
Promoters43.92%
FIIs6.57%
DIIs0.20%
Public49.31%
Promoters42.58%
FIIs6.84%
DIIs3.22%
Public47.37%
Promoters44.08%
FIIs6.26%
DIIs0.01%
Public49.64%
Promoters44.05%
FIIs5.76%
DIIs0.01%
Public50.16%
Promoters43.98%
FIIs6.03%
DIIs0.01%
Public49.96%
Promoters43.93%
FIIs6.38%
DIIs0.13%
Public49.55%
Promoters42.58%
FIIs6.84%
DIIs3.22%
Public47.37%
HIRECT
Holdings Analysis
Key strengths & risk signals
66
Overall
54
Fundamental
79
Technical
Risks (3)
LOW MARGIN! 4.0% profit margin - thin profits.
RECOVERY MODE! Current price (1113.7) above 200-day but below 50-day.
WEAK MOMENTUM! Limited price growth - -0.9% (1 week), -12.6% (1 month), 5.5% (3 months).
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (1232.4) is above 200-day average (970.9) - positive signal.
GOOD YEAR! Stock gained 34.7% in the last year.
BULLISH SENTIMENT! In last 30 days: 9 up days, 21 down days. Avg volume on up days: 65,624 vs down days: 42,973. Ratio: 1.53x
Fundamental & Technical Analysis
66Overall
54Fundamental
79Technical
Fundamental Breakdown
Growth Quality
17/30
Revenue CAGR: 40.7% (EXCELLENT, 15/15). Profit CAGR: 0% (DECLINING, 2/15).
Profit Margin
2/10
LOW MARGIN! 4.0% profit margin - thin profits.
PEG Valuation
7/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.13% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 49.64% public ownership - higher volatility risk.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (1232.4) is above 200-day average (970.9) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (1113.7) above 200-day but below 50-day.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
10/10
GOOD YEAR! Stock gained 34.7% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 9 up days, 21 down days. Avg volume on up days: 65,624 vs down days: 42,973. Ratio: 1.53x
RSI
4/5
APPROACHING OVERSOLD! RSI at 37.1 - watch for reversal.
52W Range
4/5
UPPER HALF! Trading at 65.8% of 52W range - positive territory.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -0.9% (1 week), -12.6% (1 month), 5.5% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.30 - stable stock, less market risk.
HIRECT
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-05-22 | Concall PDF | |
| Q3FY262026-02-16 | Concall PDF | |
| Q2FY262025-11-13 | Concall PDF |
Peer Comparison
Industrials · Electrical Equipment & Parts · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HIRECT | ₹1,113.70 | 90.6 | 4.0% | 40.7% | – | +34.7% | 66 | BREAKDOWN | -26.6% | +108.9% | +20.3% | -7.6% |
| INDOTECH | ₹3,121.70 | 33.4 | 11.7% | 28.1% | 53.4% | +81.4% | 77 | APPROACHING RESISTANCE | +33.9% | +7.5% | +39.0% | -4.6% |
| SHILCTECH | ₹3,925.30 | 32.7 | 21.8% | 32.5% | 54.2% | -4.3% | 61 | HIT RESISTANCE | -49.6% | -26.4% | -15.2% | -11.2% |
| OSWALPUMPS | ₹254.30 | 8.5 | 16.6% | 76.7% | 122.4% | -67.0% | 73 | APPROACHING RESISTANCE | -42.9% | -41.5% | -7.8% | -7.1% |
| HEG | ₹248.50 | 13.3 | 13.6% | 1.6% | -13.8% | -52.5% | 49 | CONSOLIDATING DOWN | +16.7% | -207.5% | +11.1% | +12.9% |
| BBL | ₹2,189.00 | 22.1 | 4.7% | 17.1% | 13.0% | -37.1% | 56 | HIT RESISTANCE | -29.7% | -50.1% | +17.7% | -28.7% |
| EVEREADY | ₹321.10 | 13.1 | 12.0% | 2.9% | 83.8% | -13.1% | 67 | BOUNCE FROM SUPPORT | +22.5% | -73.9% | +9.0% | +24.6% |
| MARSONS | ₹131.10 | 51.2 | 17.9% | 276.4% | 142.1% | -4.4% | 76 | CONSOLIDATING UP | -26.2% | -73.9% | +4.9% | -46.8% |
Data from TradeAlone · Updated daily
HIRECT News
Hind Rectifiers Limited (hirect) Secures Order from the United States for IGBT Converters for the Mining Industry2026-07-31Hind Rectifiers Limited Secures First Order from the United States for Traction Motor Assemblies2026-07-29Hind Rectifiers Limited Secures First Vande Metro Development Order2026-07-27
