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Hind Rectifiers Ltd. Stock Analysis

Small Cap
Evaluated by 282 users | BSE: 504036 | NSE: HIRECT |
Electric Equipment
Hind Rectifiers Ltd.(Hirect) was founded in 1958, in collaboration with Westinghouse, Brake & Signal, U.K. Hind Rectifiers Ltd., has long standing tradition and experience in developing, designing, manufacturing and marketing Power Semiconductors, Power Electronic Equipments and Railway...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 18.71%16.76%12.88%-4.15%-2.23%0.88%2.18%5.18%12.93%14.85%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 10211813696.79493.9111126255300
Y-o-Y Gr. Rt.-16%15.5%-29%-2.8%-0%18.7%12.8%103%17.4%
Adjusted EPS (Rs.) 6.496.886.54-3.15-2.33-0.96-1.010.796.811.22
Y-o-Y Gr. Rt.-6%-4.9%-148.2%NANANANA760.8%65%
Book Value per Share (Rs.) 35.5840.6645.3642.1940.7639.7934.2440.0247.1757.74
Adjusted Net Profit 10.110.710.2-4.9-3.6-1.5-1.61.311.318.6
Net Op. Cash Flow (Rs. Cr.) 2.2-0.86.3-1.225.2-3.3-3.66.54.4
Debt to Cash Flow from Ops 3.33-19.183.09-18.4513.226.12-12.59-14.039.8420.23
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Hind Rectifiers Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 12.8%26.1%39%17.4%
Adjusted EPS 6.3%NANA65%
Book Value per Share 5.57.21922.4
Share Price 15.4% 12.4% 6% -30.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 19.5618.0515.2-7.19-5.62-2.38-2.722.1915.621.39
Operating Profit Margin (%) 14.4213.4310.44-3.59-2.632.224.237.837.4712.73
Net Profit Margin (%) 9.929.077.46-5.06-3.85-1.59-1.41.044.416.2
Debt to Equity 0.130.240.270.350.410.520.770.770.810.94
Working Capital Days 193216222331340335253264175191
Cash Conversion Cycle 13014915623722620315115599112
Entity Percentage Holding
Promoters 42.25%
Institutions 0.02%
Non-Institutions 57.73%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Hind Rectifiers Ltd.'s performance infers:

Hind Rectifiers Ltd. earnings have grown by 0%, whereas share price has appreciated 12.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Hind Rectifiers Ltd. share prices over the last 10 years. Here is what we found out:

Hind Rectifiers Ltd. share price has appreciated 9% annually over the past ten years.

Hind Rectifiers Ltd.(Hirect) was founded in 1958, in collaboration with Westinghouse, Brake & Signal, U.K. Hind Rectifiers Ltd., has long standing tradition and experience in developing, designing, manufacturing and marketing Power Semiconductors, Power Electronic Equipments and Railway Transportation Equipments.

During this period Hirect has established considerable expertise in its area of activity and caters to wide range of application such as Electronics, Railway Transportation,

Hind Rectifiers Ltd.(Hirect) was founded in 1958, in collaboration with Westinghouse, Brake & Signal, U.K. Hind Rectifiers Ltd., has long standing tradition and experience in developing, designing, manufacturing and marketing Power Semiconductors, Power Electronic Equipments and Railway Transportation Equipments.

During this period Hirect has established considerable expertise in its area of activity and caters to wide range of application such as Electronics, Railway Transportation, Power, Telecommunication and core sector industries like steel, non-ferrous metals, cement, chemicals, metal finishing and a host of other industries. Customers have recognized the high quality of Hirect products.

In the Year 1959-60, Hirect shifted the activities to the present location of 20,000sq. Meters campus at Bhandup, Mumbai.

The plant for manufacturing power silicon diodes was imported from Westinghouse Brake & signal Co. Ltd. UK in the year 1966. Starting early 70's Hirect started manufacture of  equipments like battery chargers, High Voltage and High Current Rectifiers for Railway Applications were also started about the same time.

Supreme Powertronics Pvt. Ltd., Nashik which began operations as a sister concern around mid 80's  was amalgamated with HIRECT in 1995.

In the year 2001, new manufacturing facilities were created in Bhandup, Mumbai for manufacturing 25 KVA invertor to 180 KVA convertor for Indian Railways.

HIRECT has entered its Golden Jubilee year from April 2007 and to commemorate the occasion Hirect Inaugurated two more plants at Dehradun New Delhi on 13th April 2007 to manufacturing power equipments for Railways.

Product range of the company includes:

Semiconductor

  • Power Diodes
  • Thyristors
  • Power Module
  • Power Stacks
  • Special Products

Equipment

  • High Voltage
  • High Current
  • Power Electronics
  • Special Products

Transportation Rectifiers Transformers Converters & Inverters

Trading

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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