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Hind Rectifiers share price

Hind Rectifiers Ltd.

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

716.80
0 0
BSE: 03 May 04:01 PM

Price Summary

Today's High

₹ 774

Today's Low

₹ 705

52 Week High

₹ 815.35

52 Week Low

₹ 211.1

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

1228.44 Cr.

Enterprise Value

1331.64 Cr.

No. of Shares

1.71 Cr.

P/E

248.82

P/B

10.29

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

150.1

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 31.6039.

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

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Company Presentations

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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 find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. 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 248.264371008053 which is high and comparatively overvalued .

  • Share Price: - The current share price of Hind Rectifiers is Rs 715.2. 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 D/E ratio of 0.9427 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Hind Rectifiers has an Inventory turnover ratio of 4.23807118460838 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • 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 %.

 

Last Updated on:
Brief about Hind Rectifiers
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