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Hind Rectifiers share price

Hind Rectifiers Ltd.

NSE: HIRECT BSE: 504036 SECTOR: Electric Equipment  23k   59   3

720.50
+0.90 (0.13%)
BSE: 17 May 04:01 PM

Price Summary

Today's High

₹ 720.5

Today's Low

₹ 691.55

52 Week High

₹ 815.35

52 Week Low

₹ 215.15

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1234.78 Cr.

Enterprise Value

1337.98 Cr.

No. of Shares

1.71 Cr.

P/E

250.1

P/B

10.35

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  69.64

CASH

1.39 Cr.

DEBT

104.59 Cr.

Promoter Holding

44.05 %

EPS (TTM)

₹  2.88

Sales Growth

-3.49%

ROE

-5.84 %

ROCE

-0.09%

Profit Growth

-181.59 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-3.49%
3 Year6.22%
5 Year23.36%

Profit Growth

1 Year-181.59%
3 Year-170.09%
5 Year-237.08%

ROE%

1 Year-5.84%
3 Year2.39%
5 Year8.95%

ROCE %

1 Year-0.09%
3 Year6.33%
5 Year11.79%

Debt/Equity

0.9427

Price to Cash Flow

150.88

Interest Cover Ratio

-0.0221531652423665

CFO/PAT (5 Yr. Avg.)

2.08074379875206

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 44.05 0
Dec 2023 44.08 0
Sep 2023 44.08 0
Jun 2023 44.08 0
Mar 2023 44.08 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 89.1484403895833 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.08074379875206.

 Limitations

  • The company has shown a poor profit growth of -170.090328278231% for the Past 3 years.
  • The company has shown a poor revenue growth of 6.22191405471419% for the Past 3 years.
  • Company has a poor ROE of 2.38694237079434% over the past 3 years.
  • Company has low Interest coverage ratio of -0.0221531652423665.
  • The company is trading at a high EV/EBITDA of 31.9985.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 97.23 111.59 97.59 131.98 136.63
Total Expenditure 90.69 100.57 90.95 121.36 123.14
Operating Profit 6.55 11.02 6.64 10.62 13.49
Other Income 0.04 0.14 0.06 0.1 0.08
Interest 1.99 2.27 2.52 2.84 3.23
Depreciation 1.25 1.37 1.55 1.88 2.02
Exceptional Items 0 -10.77 0 0 -6.99
Profit Before Tax 3.35 -3.25 2.63 6 1.32
Tax 0.93 -0.79 0.73 2.02 -0.19
Profit After Tax 2.42 -2.46 1.9 3.98 1.52
Adjusted EPS (Rs) 1.46 -1.43 1.11 2.32 0.89

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 255.14 299.62 305.1 372.1 359.1
Total Expenditure 236.08 261.64 285.08 349.45 343.64
Operating Profit 19.06 37.98 20.01 22.65 15.46
Other Income 7.69 0.48 0.36 0.34 0.26
Interest 7.83 8.15 9.18 7.35 8.5
Depreciation 2.72 4.07 3.83 4.49 5.14
Exceptional Items 0.45 0 0 0 -10.77
Profit Before Tax 16.65 26.24 7.36 11.16 -8.68
Tax 4.86 7.76 2.03 3.36 -2.32
Net Profit 11.79 18.48 5.33 7.8 -6.36
Adjusted EPS (Rs.) 7.12 11.16 3.22 4.71 -3.72

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 3.31 3.31 3.31 3.31 3.42
Total Reserves 74.82 92.33 96.46 104.13 108.29
Borrowings 16.74 15.09 11.25 20.88 24.33
Other N/C liabilities -4.61 -0.32 1.63 3.16 0.7
Current liabilities 87.41 127.43 124.47 112.25 150.83
Total Liabilities 177.67 237.84 237.12 243.73 287.57
Assets
Net Block 26.2 33.04 40.61 48.07 79.52
Capital WIP 6.28 9.12 8.69 17.69 6.87
Intangible WIP 7.57 8.85 11.16 10.26 13.84
Investments 0.1 6.1 0.1 0.13 0.13
Loans & Advances 6.55 3.73 1.87 3.14 1.64
Other N/C Assets 0.13 0 0.02 0.58 0.58
Current Assets 130.84 176.99 174.67 163.86 184.98
Total Assets 177.67 237.84 237.12 243.73 287.57
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 16.65 26.24 7.36 11.16 -8.68
Adjustment 9.5 11.13 12.35 11.24 23.92
Changes in Assets & Liabilities -18.03 -28.88 3.87 16.21 -6.39
Tax Paid -1.65 -4.05 -1.87 -2.35 -0.66
Operating Cash Flow 6.47 4.44 21.71 36.27 8.18
Investing Cash Flow -10.42 -21.62 -8.38 -19.94 -29.3
Financing Cash Flow 3.39 18.51 -14.73 -16.61 21.17
Net Cash Flow -0.56 1.33 -1.41 -0.28 0.05

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 44.08 44.08 44.08 44.08 44.05
akshada s nevatia 0.03 0.03 0.03 0.03 0.03
bharti nevatia 1.58 1.58 1.58 1.58 1.58
saurabh nevatia 21.07 21.07 21.07 21.07 21.06
saurabh nevatia (karta of... 0.07 0.07 0.07 0.07 0.07
shriya saurabh nevatia 2.07 2.07 2.07 2.07 2.07
surabhi golyan 1.46 1.46 1.46 1.46 1.46
suramya saurabh nevatia 15.04 15.04 15.04 15.04 15.02
suryansh saurabh nevatia 2.76 2.76 2.76 2.76 2.75
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 55.92 55.92 55.92 55.92 55.95
btr industries ltd 14.02 14.02 14.02 14.02 14.00
cassini partners l.p. man... 2.88 2.88 2.88 2.88 2.87
habrok india master lp 2.69 2.69 2.69 2.10 2.10
investor education and pr... 1.32 1.32 - - 1.32
mukul mahavir agrawal - - - - 1.24
niraj bajaj . 1.75 1.75 1.75 1.75 1.75
niraj bajaj 1.05 1.05 1.05 1.05 1.05
sanjiv dhireshbhai shah... - 1.83 2.05 2.05 2.05
sunaina kejriwal 1.24 1.24 1.24 1.24 1.24
veena k jagwani 1.44 1.32 1.32 1.19 1.10
independent director and ... - - - 0.31 -
investor education and pr... - - 1.32 1.32 -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Hind Rectifiers informs about compliance certificate 11 Apr 2024, 6:29PM Hind Rectifiers informs about TV interviews28 Feb 2024, 5:28PM Hind Rectifiers secures orders worth Rs 200 crore26 Feb 2024, 4:30PM Hind Rectifiers - Quaterly Results8 Feb 2024, 8:01PM Hind Rectifiers - Quaterly Results8 Feb 2024, 8:01PM Hind Rectifiers informs about credit rating19 Jan 2024, 5:13PM Hind Rectifiers informs about update on VRS6 Jan 2024, 12:34PM Hind Rectifiers informs about newspaper publication6 Nov 2023, 4:12PM Hind Rectifiers - Quaterly Results4 Nov 2023, 12:11PM Hind Rectifiers - Quaterly Results4 Nov 2023, 12:11PM Hind Rectifiers - Quaterly Results4 Nov 2023, 12:11PM Hind Rectifiers informs about certificate6 Oct 2023, 10:11AM Hind Rectifiers informs about closure of trading window30 Sep 2023, 2:46PM Hind Rectifiers - Quaterly Results8 Aug 2023, 2:16PM Hind Rectifiers - Quaterly Results8 Aug 2023, 2:16PM Hind Rectifiers - Quaterly Results8 Aug 2023, 2:16PM Hind Rectifiers informs about issuance of duplicate share certificate25 Jul 2023, 9:36AM Hind Rectifiers informs about press release29 May 2023, 10:29AM Hind Rectifiers - Quaterly Results26 May 2023, 2:07PM Hind Rectifiers informs about board meeting20 May 2023, 3:33PM Hind Rectifiers informs about certificate18 Apr 2023, 1:13PM Hind Rectifiers informs about closure of trading window 30 Mar 2023, 10:03AM Hind Rectifiers informs about outcome of allotment committee meet 30 Mar 2023, 10:02AM Hind Rectifiers informs about allotment under ESOP3 Mar 2023, 1:21PM Hind Rectifiers informs about committee meeting25 Feb 2023, 3:21PM Hind Rectifiers informs about details of loss of certificate14 Feb 2023, 3:02PM Hind Rectifiers - Quaterly Results2 Feb 2023, 12:59PM Hind Rectifiers - Quaterly Results2 Feb 2023, 12:59PM Hind Rectifiers - Quaterly Results2 Feb 2023, 12:59PM Hind Rectifiers informs about newspaper publication3 Dec 2022, 12:14PM Hind Rectifiers informs about revised credit ratings26 Nov 2022, 12:26PM Hind Rectifiers - Quaterly Results11 Nov 2022, 1:22PM Hind Rectifiers informs about issue of duplicate share certificate6 Oct 2022, 5:17PM Hind Rectifiers approves un-audited financial results9 Aug 2022, 3:15PM Hind Rectifiers - Quaterly Results9 Aug 2022, 1:23PM Hind Rectifiers - Quaterly Results9 Aug 2022, 1:23PM Hind Rectifiers - Quaterly Results9 Aug 2022, 1:23PM Hind Rectifiers informs about newspaper publication15 Jul 2022, 2:34PM Hind Rectifiers informs about certificate6 Jul 2022, 9:56AM Hind Rectifiers informs about 64th AGM 5 Jul 2022, 4:59PM Hind Rectifiers informs about closure of trading window30 Jun 2022, 10:18AM Hind Rectifiers informs about disclosure10 Jun 2022, 2:08PM Hind Rectifiers informs about press release27 May 2022, 5:04PM Hind Rectifiers - Quaterly Results26 May 2022, 4:21PM Hind Rectifiers - Quaterly Results26 May 2022, 4:21PM Hind Rectifiers informs about credit rating20 May 2022, 12:17PM Hind Rectifiers secures orders of Rs 57.79 crore in April4 May 2022, 4:18PM Hind Rectifiers informs about non- applicability of large corporate entity4 May 2022, 3:46PM Hind Rectifiers secures orders of Rs 73.39 crore in March6 Apr 2022, 10:29AM Hind Rectifiers secures orders of Rs 57.32 crore in February3 Mar 2022, 11:13AM

Hind Rectifiers Stock Price Analysis and Quick Research Report. Is Hind Rectifiers an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Hind Rectifiers . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Hind Rectifiers has a PE ratio of 249.531380172174 which is high and comparatively overvalued .

  • Share Price: - The current share price of Hind Rectifiers is Rs 718.85. One can use valuation calculators of ticker to know if Hind Rectifiers share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Hind Rectifiers has ROA of -2.39520349480099 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Hind Rectifiers has a Current ratio of 1.22646415704308 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Hind Rectifiers has a ROE of -5.83865852808069 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Hind Rectifiers has a Debt to Equity ratio of 0.9427 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Hind Rectifiers has reported revenue growth of -3.49400135339744 % which is poor in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Hind Rectifiers for the current financial year is 4.30449062293059 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Hind Rectifiers is Rs 0 and the yield is 0 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Hind Rectifiers is Rs 2.8808 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Hind Rectifiers in Ticker for free. Also, one can get the intrinsic value of Hind Rectifiers by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about Hind Rectifiers
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