Hind Rectifiers Valuation

Q: What is the Fair Price of HIRECT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

HIRECT (₹1204.75) is trading above our estimate of [[fair value]] (₹22.85)

Is HIRECT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HIRECT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HIRECT (₹1204.75) is trading above our estimate of fair value (₹22.85)

Significantly Below Fair Value: HIRECT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HIRECT?

Key metric: As HIRECT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HIRECT. This is calculated by dividing HIRECT's market cap by their current earnings.
What is HIRECT's PE Ratio?
PE Ratio	86.9x
Earnings	₹237.50m
Market Cap	₹20.10b

HIRECT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.6x
Enterprise Value/EBITDA	36.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does HIRECT's PE Ratio compare to its peers?

The above table shows the PE ratio for HIRECT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	29.9x
517059 Salzer Electronics	28.2x	n/a	₹18.6b
540795 Dynamic Cables	47.6x	n/a	₹23.3b
530555 Paramount Communications	22.1x	n/a	₹21.0b
UNIVCABLES Universal Cables	21.9x	n/a	₹21.2b
HIRECT Hind Rectifiers	86.9x	n/a	₹20.1b

Price-To-Earnings vs Peers: HIRECT is expensive based on its Price-To-Earnings Ratio (86.9x) compared to the peer average (29.9x).

Price to Earnings Ratio vs Industry

How does HIRECT's PE Ratio compare vs other companies in the IN Electrical Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
504058 Indo National	2.7x	n/a	US$45.34m
533203 Tarapur Transformers	4.3x	n/a	US$6.66m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: HIRECT is expensive based on its Price-To-Earnings Ratio (86.9x) compared to the Indian Electrical industry average (47.4x).

Price to Earnings Ratio vs Fair Ratio

What is HIRECT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HIRECT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	86.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HIRECT's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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