Hind Rectifiers Ltd
Hind Rectifiers Ltd (HIRECT) last reported results for the quarter ended Jun 2026, with sales of ₹258 crore and net profit of ₹6.5 crore. The stock last traded at ₹1,114, a market capitalisation of ₹3,948 crore, on a P/E of 101. Over the past 52 weeks the stock has ranged between ₹565 and ₹1,400. Figures are as of 9 Oct 2026 and are not real time.
Hind Rectifiers Ltd share price and key metrics
- Current price
- ₹1,114
- Market cap
- ₹3,948 cr
- Stock P/E
- 101
- Book value
- ₹60.7
- ROE
- 25.2%
- ROCE
- 18.8%
- Dividend yield
- 0.13%
- 52w high / low
- 1400/565
Metrics as of 9 Oct 2026. Not real time.
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Hind Rectifiers Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- 42%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- -9%
- 10 Years
- 38%
- 5 Years
- 64%
- 3 Years
- 83%
- 1 Year
- 38%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 22%
- Last Year
- 25%
Hind Rectifiers Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹258 cr, up 20.3% from ₹215 cr a year earlier. Net profit was ₹6.5 cr, down 49.1% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 166 | 169 | 185 | 215 | 227 | 277 | 280 | 258 |
| Expenses | 148 | 151 | 165 | 191 | 201 | 252 | 271 | 245 |
| Operating profit | 18.31 | 17.63 | 19.9 | 24.22 | 25.88 | 25.55 | 8.43 | 13.22 |
| OPM % | 11.04% | 10.44% | 10.75% | 11.28% | 11.39% | 9.21% | 3.01% | 5.12% |
| Other income | 0.13 | 0.5 | 0.34 | 0.23 | 0.13 | -1.07 | 0.36 | 7.86 |
| Interest | 3.4 | 2.52 | 4.02 | 3.62 | 3.56 | 4.71 | 4.09 | 4.74 |
| Depreciation | 2.11 | 2.15 | 2.22 | 2.73 | 2.81 | 4.45 | 3.85 | 4.71 |
| Profit before tax | 12.93 | 13.46 | 14 | 18.1 | 19.64 | 15.32 | 0.85 | 11.63 |
| Tax % | 21.19% | 25.63% | 28.71% | 29.50% | 25.05% | 17.10% | 285.88% | 44.02% |
| Net profit | 10.19 | 10.01 | 9.99 | 12.77 | 14.72 | 12.7 | -1.58 | 6.5 |
| EPS (₹) | 2.97 | 2.92 | 2.91 | 3.72 | 4.28 | 3.69 | 1.31 | 2.74 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Hind Rectifiers Ltd annual results
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 518 | 655 | 999 | 1,043 |
| Operating profit | 45 | 71 | 85 | 73 |
| OPM % | 9% | 11% | 9% | 7% |
| Net profit | 13 | 37 | 39 | 32 |
| EPS (₹) | 3.65 | 10.82 | 13.10 | 12.02 |
TTM is the trailing twelve months to the most recent quarter.
Hind Rectifiers Ltd balance sheet
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity capital | 3 | 3 | 7 |
| Reserves | 121 | 156 | 202 |
| Borrowings | 135 | 164 | 245 |
| Other liabilities | 71 | 93 | 209 |
| Total liabilities | 331 | 417 | 662 |
| Fixed assets | 90 | 107 | 196 |
| CWIP | 22 | 12 | 10 |
| Investments | 0 | 0 | 0 |
| Other assets | 219 | 298 | 455 |
| Total assets | 331 | 417 | 662 |
As reported by the company. Total assets equal total liabilities by construction.
Hind Rectifiers Ltd cash flow
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from operations | 34 | 36 | 86 |
| Cash from investing | -19 | -25 | -90 |
| Cash from financing | -14 | -11 | 8 |
| Net cash flow | 0 | -0 | 4 |
| Free cash flow | 20 | 14 | -12 |
| CFO / operating profit | 76% | 62% | 116% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Hind Rectifiers Ltd operating ratios
| Per year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| ROCE % | — | 22% | 19% |
| Debtor days | 63 | 61 | 90 |
| Inventory days | 92 | 92 | 74 |
| Days payable | 45 | 46 | 59 |
| Cash conversion cycle | 110 | 107 | 105 |
| Working capital days | 24 | 25 | 15 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Hind Rectifiers Ltd shareholding pattern
Promoters held 42.58% at Jul 2026, down from 43.93% at Sep 2025. FIIs 6.84% and DIIs 3.22%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 43.98% | 43.98% | 43.98% | 43.93% | 43.93% | 43.93% | 43.92% | 42.58% |
| FIIs | 6.28% | 6.03% | 6.30% | 6.64% | 6.21% | 6.38% | 6.57% | 6.84% |
| DIIs | 0.07% | 0.01% | 0.06% | 0.13% | 0.13% | 0.13% | 0.20% | 3.22% |
| Public | 49.64% | 49.96% | 49.63% | 49.31% | 49.73% | 49.55% | 49.31% | 47.37% |
| No. of shareholders | 16,593 | 18,241 | 18,496 | 24,038 | 23,276 | 21,700 | 22,270 | 22,219 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Hind Rectifiers Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018, for the quarter ended September 30, 2026Company Updatelow impact
- Hirect Limited passes postal ballot resolutions including appointment of new directors and extension of fund utilization timelineAGM/EGMhigh impact
Cruxal's analysis: Hirect Limited has successfully passed multiple resolutions via postal ballot on October…
Read the full analysis - Hirect Ltd completes sale of residual assets at non-operational Dehradun plantCompany Updatelow impact
Cruxal's analysis: Hirect Ltd has announced the sale of the remaining portion of its non-operational plant…
Read the full analysis - Hirect Limited announces resignation of Head Legal, Mrs. Preeti SharmaCompany Updatelow impact
Cruxal's analysis: Hirect Limited has formally announced the resignation of Mrs. Preeti Sharma, the…
Read the full analysis - Intimation of closure of Trading WindowInsider Trading / SASTlow impact
- Hirect Ltd announces newspaper publication of Postal Ballot noticeCompany Updatelow impact
Cruxal's analysis: Hirect Ltd has completed the mandatory newspaper publication of its Postal Ballot notice…
Read the full analysis - Hirect Limited Announces Board Appointments and Extension of Preferential Issue Fund Utilization TimelineAGM/EGMlow impact
Cruxal's analysis: Hirect Limited has issued a postal ballot notice seeking shareholder approval for the…
Read the full analysis - Hirect Limited Receives Credit Rating Reaffirmation from CRISIL for INR 228.9 Crore Bank FacilitiesCompany Updatelow impact
Cruxal's analysis: Hirect Limited has announced that CRISIL Ratings has reaffirmed its credit ratings for…
Read the full analysis - Hirect Limited releases Q1FY27 earnings conference call transcriptCompany Updatelow impact
Cruxal's analysis: Hirect Limited has formally filed the transcript of its Q1FY27 earnings conference call…
Read the full analysis - Hirect Limited confirms successful dispatch of final dividend of 1.40 INR per shareCompany Updatelow impact
Cruxal's analysis: Hirect Limited has officially confirmed the successful credit of a dividend payment of…
Read the full analysis - Hind Rectifiers Ltd schedules analyst and institutional investor meetingsCompany Updatelow impact
Cruxal's analysis: Hind Rectifiers Ltd has issued an intimation regarding upcoming meetings with analysts…
Read the full analysis - Hirect Limited releases audio recording of Q1FY27 earnings conference callCompany Updatelow impact
Cruxal's analysis: Hirect Limited has formally submitted the audio recording of its Q1FY27 earnings…
Read the full analysis - Hind Rectifiers Ltd publishes routine newspaper notice under Regulation 30Company Updatelow impact
Cruxal's analysis: Hind Rectifiers Ltd has fulfilled a routine regulatory requirement by publishing a notice…
Read the full analysis - Hirect Limited Reports Q1FY27 Financial Results and Strategic Expansion into Integrated SystemsCompany Updatehigh impact
Cruxal's analysis: Hirect Limited reported Q1FY27 consolidated revenue of 258.4 crore, reflecting a 20.3%…
Read the full analysis - Hind Rectifiers Ltd issues press release claiming sustained business momentum despite recent quarterly lossCompany Updatelow impact
Cruxal's analysis: Hind Rectifiers released a statement asserting healthy performance and sustained business…
Read the full analysis - Hirect Limited concludes 68th AGM; shareholders approve dividend of INR 1.40 per share and key management re-appointmentsAGM/EGMlow impact
Cruxal's analysis: Hirect Limited has successfully concluded its 68th Annual General Meeting, where…
Read the full analysis - Hirect Limited Reports Q1 FY27 Financial Results, Announces Board Appointments and CEO TransitionBoard Meetingmedium impact
Cruxal's analysis: Hirect Limited (formerly Hind Rectifiers Limited) reported Q1 FY27 standalone revenue of…
Read the full analysis - Hirect Limited schedules Q1FY27 earnings conference call for August 12, 2026Company Updatelow impact
Cruxal's analysis: Hirect Limited has announced an earnings conference call to discuss its financial and…
Read the full analysis - Hirect Limited Schedules Board Meeting on August 11, 2026, to Approve Q1 FY27 Financial ResultsBoard Meetinglow impact
Cruxal's analysis: Hirect Limited has announced that its Board of Directors will convene on Tuesday, August…
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