Hind Rectifiers Limited develops, designs, manufactures, and markets semi-conductor devices, power electronic equipment, and railway transportation equipment in India and internationally. More Details
Mediocre balance sheet and slightly overvalued.
Share Price & News
How has Hind Rectifiers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HIRECT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HIRECT matched the Indian Electrical industry which returned -10.3% over the past year.
Return vs Market: HIRECT underperformed the Indian Market which returned 9.5% over the past year.
Price Volatility Vs. Market
How volatile is Hind Rectifiers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall StA Sliding Share Price Has Us Looking At Hind Rectifiers Limited's (NSE:HIRECT) P/E Ratio
6 months ago | Simply Wall StHind Rectifiers Limited (NSE:HIRECT) Earns Among The Best Returns In Its Industry
6 months ago | Simply Wall StHow Does Hind Rectifiers's (NSE:HIRECT) P/E Compare To Its Industry, After The Share Price Drop?
Is Hind Rectifiers undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HIRECT (₹128.75) is trading above our estimate of fair value (₹6.07)
Significantly Below Fair Value: HIRECT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HIRECT is good value based on its PE Ratio (15.6x) compared to the IN Electrical industry average (15.8x).
PE vs Market: HIRECT is good value based on its PE Ratio (15.6x) compared to the Indian market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HIRECT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HIRECT is overvalued based on its PB Ratio (2.2x) compared to the IN Electrical industry average (0.7x).
How is Hind Rectifiers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hind Rectifiers has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of HIRECT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Hind Rectifiers competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Hind Rectifiers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIRECT has high quality earnings.
Growing Profit Margin: HIRECT's current net profit margins (4.9%) are lower than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: HIRECT has become profitable over the past 5 years, growing earnings by 63.9% per year.
Accelerating Growth: HIRECT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HIRECT had negative earnings growth (-13.2%) over the past year, making it difficult to compare to the Electrical industry average (-13.6%).
Return on Equity
High ROE: HIRECT's Return on Equity (14.3%) is considered low.
How is Hind Rectifiers's financial position?
Financial Position Analysis
Short Term Liabilities: HIRECT's short term assets (₹1.8B) exceed its short term liabilities (₹1.3B).
Long Term Liabilities: HIRECT's short term assets (₹1.8B) exceed its long term liabilities (₹194.6M).
Debt to Equity History and Analysis
Debt Level: HIRECT's debt to equity ratio (93.9%) is considered high.
Reducing Debt: HIRECT's debt to equity ratio has increased from 40.7% to 93.9% over the past 5 years.
Debt Coverage: HIRECT's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: HIRECT's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is Hind Rectifiers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIRECT's dividend (0.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.55%).
High Dividend: HIRECT's dividend (0.63%) is low compared to the top 25% of dividend payers in the Indian market (2.22%).
Stability and Growth of Payments
Stable Dividend: HIRECT's dividend payments have been volatile in the past 10 years.
Growing Dividend: HIRECT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (9.7%), HIRECT's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Sh. Suramya Nevatia serves as the Joint Managing Director & Additional Director of Hind Rectifiers Limited since August 17, 2020. He has been Chief Executive Officer at Hind Rectifiers Ltd. Mr. Sh. Sur ...
CEO Compensation Analysis
Compensation vs Market: Sh.'s total compensation ($USD100.15K) is above average for companies of similar size in the Indian market ($USD48.91K).
Compensation vs Earnings: Sh.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Joint MD||2.25yrs||₹7.37m||no data|
|Chief Financial Officer||4.08yrs||₹3.19m||no data|
|Company Secretary & Compliance Officer||4.58yrs||₹959.00k||no data|
|Executive Director||3.67yrs||₹6.25m||0.035% |
|Chief Executive Officer of Nasik Plant||no data||no data||20.9% |
Experienced Management: HIRECT's management team is considered experienced (3.9 years average tenure).
|Joint MD||2.25yrs||₹7.37m||no data|
|Executive Director||3.67yrs||₹6.25m||0.035% |
|Independent Non-Executive Director||12.5yrs||₹172.00k||no data|
|Independent Non-Executive Director||13.42yrs||₹247.00k||no data|
|Independent Non-Executive Director||13.42yrs||₹88.00k||no data|
|Non-Independent Non-Executive Director||no data||₹33.00k||no data|
|Independent Non-Executive Director||7.58yrs||₹150.00k||no data|
|Non-Independent & Non-Executive Director||3.67yrs||₹58.00k||0.31% |
|Independent Non-Executive Additional Director||0.25yr||no data||no data|
Experienced Board: HIRECT's board of directors are considered experienced (5.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hind Rectifiers Limited's company bio, employee growth, exchange listings and data sources
- Name: Hind Rectifiers Limited
- Ticker: HIRECT
- Exchange: NSEI
- Founded: 1958
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: ₹2.120b
- Shares outstanding: 16.56m
- Website: https://www.hirect.com
Number of Employees
- Hind Rectifiers Limited
- Lake Road
- Bhandup (West)
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|504036||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||May 2005|
|HIRECT||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||May 2005|
Hind Rectifiers Limited develops, designs, manufactures, and markets semi-conductor devices, power electronic equipment, and railway transportation equipment in India and internationally. It offers power s ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/18 19:41|
|End of Day Share Price||2020/09/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.