AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 24 Sep - Hirect Head Legal Preeti Sharma resigned effective September 24, 2026, for career opportunities.
Source: Bse
Hind Rectifiers Limited (HIRECT)
Small CapIndustrials stocks · Small cap · NSE
Hind Rectifiers Limited operates in Power Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:07 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
45NeutralSMA20 -7.2% / mo · MACD −
Stock trend: 44
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HIRECTD candles · FIT view+15.0%Latest close ₹1074.70 on 2026-10-21
Bar
-3.2%
RSI
35
MACD hist
-2.58
52W pos
61%
2026-10-21O ₹1109.80H ₹1120.00L ₹1073.00C ₹1074.70Vol 44,514 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HIRECTNifty India ManufacturingNifty 500
- HIRECT
- -17.9%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- -11.4 pp
Chart stats
21 Oct 2026- From 52W high
- -23.2%
- 52W range position
- 61%
- ATR (14)
- 4.5%
- Volume vs 20D
- 1.21x
- Avg traded value
- ₹4.2 Cr
- 20D price channel
- ₹1,072.1 - ₹1,295.9
₹1,399
₹565.2 - ₹1,399
₹48.2
Latest completed session
20-session average
28.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST44
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +20.3% · PAT -49.1% YoY
Technical
Neutral45
Price trend and sector-relative-strength timing.
Valuation
Legacy model-127.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -49% YoY · margin compression · Rev +20% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹258.5 Cr | +20.3% | -7.6% |
| EBITDA | ₹13.2 Cr | -45.4% | +56.8% |
| Operating margin | 5.1% | -616 bps | +211 bps |
| PAT | ₹6.5 Cr | -49.1% | NDF |
| PAT margin | 2.5% | -344 bps | +307 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 100.00
- P/B
- 18.27
- EV/EBITDA
- 46.96
- Market Cap
- 3934.00Cr
Profitability
- ROE
- 25.20%
- ROCE
- 18.80%
- ROA
- 4.83%
- Dividend Y
- 0.13%
Growth (CAGR)
- Revenue 5Y
- 64.00%
- EPS 5Y
- 64.00%
- Revenue 3Y
- 85.00%
- EPS 3Y
- 85.00%
Balance Sheet
- Debt/Equity
- 1.17
- Interest Coverage
- 4.29×
- Altman Z
- 7.69
- Book Value
- 60.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- 86.00 Cr
- EPS TTM
- 12.02
Shareholding
- Promoter Hold
- 42.58%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 65%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 258-7.6% vs prev
Net Profit
₹ CrLatest: 6.5+511.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 35.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~7.7% over last month) — short-term momentum negative.
- RSI(14) at 35 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 23% off 52W high · 90% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
79
RS percentile
Stage 1 Base / Transition
1M return
-13.4%
3M return
-17.9%
6M return
+17.1%
1Y return
+25.1%
RS 1D
+1
RS 20D
-7
Sector rank
#2
Industry rank
#7
Stage evidence
- Price is within 1.0% of the 30-week proxy.
- The 30-week proxy changed +5.6% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 135.1-1.27%
RS vs Nifty 500135
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth18/25
Quality16/20
Balance Sheet5/15
Cash Flow2/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
44
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
44/100 · legacy band WATCHLIST
Positive drivers
- Quality contributes 16/20 to the score.
- Growth contributes 18/25 to the score.
- Balance sheet contributes 5/15 to the score.
Main drags
- Fair-value margin of safety is negative at -127.5%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 2/10; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
100.0
PB
18.3
EV/EBITDA
47.0
ROE
25.2%
ROCE
18.8%
FCF Yield
—
Debt/Equity
1.2
MoS
-127.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
44
Previous: 44
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-127.5%
Previous: -132.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
44
44
44
44
44
44
44
44
44
44
44
44
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹128.13
-738.8% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹472.39
-127.5% MoS
PEG
1.38
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
HPL
Small
HPL Electric & Power Limited
Electrical Equipment
match 112
51
17.9
9.9%
+29%
FAIR VALUE
EXICOM
Small
Exicom Tele-Systems Limited
Electronics Manufacturing Services
match 111
14
—
-40.8%
—
OVERVALUED
GVT&D
Mid
GE Vernova T&D India Limited
Electrical Equipment
match 106
64
74.9
57.4%
-96%
UNDERVALUED
GENUSPOWER
Small
Genus Power Infrastructures Limited
Electrical Equipment
match 104
71
13.1
30.9%
+47%
UNDERVALUED
PARTH
SME
Parth Electricals & Engineering Ltd.
Electrical Equipment
match 103
39
52.0
18.7%
-102%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Hind Rectifiers Limited operates in Power Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
63Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 35th percentile within Industrials. Main check: results consistency is weak at 53/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
32 docs text-extracted · 11 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
38th percentile
overall median 67 · Industrials: 35th pctile, median 68 · Small: 43rd pctile, median 66
Evidence depth
Financial-only
32 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
70
acceptable · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
61
acceptable · leverage and solvency
Discipline
76
strong · capital discipline
Results
53
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding fell 1.4%.
- ▸Debt/equity is 1.17.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Hind Rectifiers Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Company Ir
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 11 Aug - Q1 FY27 results on Aug. 11, 2026; revenue up 20.3%, plus MEMU, Vande Metro and US orders.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 21 Aug - Crisil reaffirmed Hirect's Rs.228.9 crore bank loan ratings: BBB+/Stable and A2.
Source: Bse
Concall transcript
Announcement under Regulation 30 (LODR)-Earnings Call Transcript 18 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Jul - Newspaper publication regarding notice of AGM and e-voting information.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Intimation of 68th Annual General Meeting through newspapers.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement Under Regulation 30 - General Uppdates 10 Jun - On June 10, 2026, board approved renaming to Hirect Limited and raising authorized capital to Rs.30 crore.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.