₹1,288.3
▲ +14.65 +1.15%
17 Jul 2026
NSE Listed · Consumer Durables
Hind Rectifier Limited (HIRECT)
Volume: 36,89,387Avg Vol 1W: 10,33,572Avg Vol 1M: 2,66,64152W Range:₹565.2₹1,399
Key Ratios
Checked just nowMarket Cap₹4,428 Cr
Current Price₹1,288.3
Previous Close₹1,273.65
High / Low (52w)₹1,399 / ₹565.2
Volume36,89,387
Avg Vol (1W)10,33,572
Avg Vol (1M)2,66,641
Stock P/E847.57
Book Value₹60.68
Dividend Yield11%
ROE18.51%
ROA5.83%
Revenue (TTM)—
Revenue Growth26.63%
Profit Margin386.34%
Total Debt₹28 Cr
Shares Outstanding3 Cr
Face Value₹2
EPS (TTM)₹13.51
P/B21.23
Debt / Equity1.17
50 DMA₹1,127.58
200 DMA₹922.95
Day change+1.15%
Price Chart
₹1,288.3▲ 82.03% · 1Y
2025-11-242026-07-16
20-day avg volume: 2.9L shares
Pros
- Healthy return on equity of 18.5%.
- Pays a dividend yield of 11.0%.
- Company is almost debt-free.
- Revenue grew 27% YoY.
- Net profit is growing year over year.
Cons
- Stock trades at a high P/E of 848.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹136 Cr | ₹166 Cr | ₹169 Cr | ₹185 Cr | ₹215 Cr | ₹227 Cr | ₹277 Cr | ₹280 Cr |
| EBITDA | ₹13 Cr | ₹16 Cr | ₹16 Cr | ₹18 Cr | ₹22 Cr | ₹23 Cr | ₹21 Cr | ₹6 Cr |
| Net Profit | ₹7 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹13 Cr | ₹15 Cr | ₹13 Cr | ₹-2 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Revenue | ₹300 Cr | ₹305 Cr | ₹372 Cr | ₹359 Cr | ₹518 Cr | ₹657 Cr |
| EBITDA | ₹34 Cr | ₹16 Cr | ₹18 Cr | ₹10 Cr | ₹37 Cr | ₹63 Cr |
| Net Profit | ₹18 Cr | ₹5 Cr | ₹8 Cr | ₹-6 Cr | ₹13 Cr | ₹37 Cr |
| EPS | 11.16 | 3.22 | 4.68 | -3.84 | 7.28 | 21.6 |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Total Assets | ₹243 Cr | ₹241 Cr | ₹246 Cr | ₹292 Cr | ₹331 Cr | ₹417 Cr |
| Total Liabilities | ₹147 Cr | ₹141 Cr | ₹139 Cr | ₹181 Cr | ₹206 Cr | ₹257 Cr |
| Equity | ₹96 Cr | ₹100 Cr | ₹107 Cr | ₹112 Cr | ₹125 Cr | ₹160 Cr |
| Total Debt | ₹15 Cr | ₹11 Cr | ₹21 Cr | ₹24 Cr | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹24 Cr | ₹39 Cr | ₹34 Cr | ₹34 Cr | ₹44 Cr |
| Investing | ₹-8 Cr | ₹-20 Cr | ₹-29 Cr | ₹-19 Cr | ₹-25 Cr |
| Financing | ₹-15 Cr | ₹-17 Cr | ₹-4 Cr | ₹-14 Cr | ₹-11 Cr |
| Free Cash Flow | ₹24 Cr | ₹39 Cr | ₹34 Cr | ₹34 Cr | ₹44 Cr |
Shareholding
Promoter 43.92% Institutions 6.77% Public 49.31%
Efficiency & Working Capital
ROCE15.4%
Interest Coverage4.2
Dividend Payout—
Debtor Days61 d
Inventory Days67 d
Payable Days33 d
Cash Conversion Cycle95 d
Working Capital Days128 d
Shareholding Details
As of 2026-03-31
Promoter43.9%
FII6.4%
DII0.1%
Institutions6.5%
Public49.6%
Promoter Pledge6.8%
No. of Shareholders21,700
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 44.1% | 44.1% | 44.1% | 44% | 44% | 44% | 44% | 44% | 44% | 43.9% | 43.9% | 43.9% |
| FIIs | 6.3% | 6.3% | 5.7% | 5.8% | 5.8% | 6% | 6.3% | 6% | 6.3% | 6.6% | 6.2% | 6.4% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.1% | 0% | 0.1% | 0.1% | 0.1% | 0.1% |
| Public | 49.6% | 49.6% | 50.2% | 50.2% | 50.1% | 50% | 49.6% | 50% | 49.6% | 49.3% | 49.7% | 49.6% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6.8% | 6.8% | 6.8% |
| No. of Shareholders | 7,983 | 7,580 | 8,403 | 9,936 | 10,997 | 14,319 | 16,593 | 18,241 | 18,496 | 24,038 | 23,276 | 21,700 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Saurabh Nevatia | Shareholding of Promoter and Promoter Group | 21% | 72,16,876 |
| Suramya Saurabh Nevatia | Shareholding of Promoter and Promoter Group | 15% | 51,49,536 |
| Btr Industries | Public Shareholding | 7% | 24,00,000 |
| Cassini Partners L.p. Managed By Habrok | Public Shareholding | 2.9% | 10,11,398 |
| Suryansh Saurabh Nevatia | Shareholding of Promoter and Promoter Group | 2.8% | 9,57,000 |
| Habrok India Master Lp | Public Shareholding | 2.5% | 8,58,064 |
| Shriya Saurabh Nevatia | Shareholding of Promoter and Promoter Group | 2.1% | 7,20,400 |
| Niraj Bajaj | Public Shareholding | 1.8% | 6,00,000 |
| Bharti Saurabh Nevatia | Shareholding of Promoter and Promoter Group | 1.6% | 5,42,200 |
| Mukul Mahavir Agrawal | Public Shareholding | 1.5% | 5,00,000 |
| Surabhi Golyan | Shareholding of Promoter and Promoter Group | 1.5% | 5,00,000 |
| Veena K Jagwani | Public Shareholding | 1% | 3,44,000 |
| Akshada S Nevatia | Shareholding of Promoter and Promoter Group | 0% | 11,700 |
| Saurabh Nevatia (karta Of Sushil Kumar Nevatia Huf) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Adiv Nevatia | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Nurvi Nevatia | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Saurabh Nevatia (karta Of Saurabh Nevatia Huf) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Elventive Tech Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Force Motion Technology Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Caelora Capital Fzco | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Belink Hirect Sas | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Saurabh Nevatia | 0 | 0% | 2026-03-31 |
| Suramya Saurabh Nevatia | 10,16,000 | 19.7% | 2026-03-31 |
| Shriya Saurabh Nevatia | 0 | 0% | 2026-03-31 |
| Bharti Saurabh Nevatia | 0 | 0% | 2026-03-31 |
| Suryansh Saurabh Nevatia | 0 | 0% | 2026-03-31 |
| Surabhi Golyan | 0 | 0% | 2026-03-31 |
| Akshada S Nevatia | 11,700 | 100% | 2026-03-31 |
| Saurabh Nevatia (karta Of Sushil Kumar Nevatia Huf) | 0 | 0% | 2026-03-31 |
| Adiv Nevatia | 0 | 0% | 2026-03-31 |
| Nurvi Nevatia | 0 | 0% | 2026-03-31 |
| Saurabh Nevatia (karta Of Saurabh Nevatia Huf) | 0 | 0% | 2026-03-31 |
| Elventive Tech Private Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Parimal Merchant | Non Executive Director | 2025 |
| Vandan Shah | Independent Director | 2025 |
| Akshada Nevatia | Whole Time Director | 2025 |
| Ashlesha Bodas | Independent Director | 2025 |
| Suramya Nevatia | Chairman & Managing Director | 2025 |
| Vishal Pacheriwala | Independent Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Electronic Components | ₹10 Cr | 7.9% |
| Equipments | ₹119 Cr | 92.1% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 10 | 7 | 7 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-04 | Dividend (1.4/- per share) | Final |
| bonus | 2026-03-27 | 1:1 | 1:1 Bonus Issue of Equity Shares |
| dividend | 2025-07-22 | ₹2 (100%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 7 | 39 | 47 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 7 | 28 | 36 |
Insider / Designated-Person Trades
30 recent disclosure(s)
Shriya NevatiaAcquisition · 5,000
Suryansh NevatiaAcquisition · 6,500
Saurabh Nevatia Karta of Saurabh Nevatia HUFDisposal · 11,500
Akshada Suramya NevatiaPledge · 5,850
Suramya Saurabh NevatiaPledge · 5,08,000
FAZALE ABBAS SAHERWALAAcquisition · 1,700
Company Information
Incorporated1958
ChairmanSuramya Nevatia
AuditorGMJ & Co
Investor Email[email protected]; [email protected]; market
📍 Lake Road, Bhandup (W), Mumbai, Maharashtra, 400078
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