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BSE: 504036 | NSE: HIRECT | Electric Equipment | Small Cap
1. Is Hind Rectifiers Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hind Rectifiers Ltd is a below average quality company.
2. Is Hind Rectifiers Ltd undervalued or overvalued?
The key valuation ratios of Hind Rectifiers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Hind Rectifiers Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hind Rectifiers Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | -4.2% | -2.2% | 0.9% | 2.2% | 5.2% | 12.9% | 14.9% | 6.8% | 7% | 3.7% | - | ||
| Value Creation Index ⓘ | -1.3 | -1.2 | -0.9 | -0.8 | -0.6 | -0.1 | 0.1 | -0.5 | -0.5 | -0.7 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 96.7 | 94 | 93.9 | 111 | 126 | 255 | 300 | 305 | 372 | 359 | 438 | ||
| YoY Gr. Rt. % | - | -2.8% | -0% | 18.7% | 12.8% | 103% | 17.4% | 1.8% | 22% | -3.5% | - | ||
| Adj EPS ⓘ | -3.2 | -2.3 | -1 | -1 | 0.8 | 6.8 | 11.2 | 3.7 | 4.7 | 0.8 | 3.4 | ||
| YoY Gr. Rt. % | - | NA | NA | NA | NA | 760.8% | 65% | -67.1% | 26.6% | -82.9% | - | ||
| BVPS (₹) ⓘ | 42.2 | 40.8 | 39.8 | 34.2 | 40 | 47.2 | 57.7 | 60.2 | 64.6 | 64.8 | 68.7 | ||
| Adj Net Profit ⓘ | -4.9 | -3.6 | -1.5 | -1.6 | 1.3 | 11.3 | 18.6 | 6.1 | 7.7 | 1.4 | 6 | ||
| Cash Flow from Ops. ⓘ | -1.2 | 2 | 5.2 | -3.3 | -3.6 | 6.5 | 4.4 | 21.7 | 36.3 | 8.2 | - | ||
| Debt/CF from Ops. ⓘ | -18.5 | 13.2 | 6.1 | -12.6 | -14 | 9.8 | 20.2 | 3.9 | 2.1 | 12.8 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 15.7% | 23.4% | 6.2% | -3.5% | ||||||||
| Adj EPS ⓘ | NA | 0.3% | -58.5% | -82.9% | ||||||||
| BVPSⓘ | 4.9% | 10.1% | 3.9% | 0.3% | ||||||||
| Share Price | 32.7% | 40.5% | 63.4% | 152.8% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | -7.2 | -5.6 | -2.4 | -2.7 | 2.2 | 15.6 | 21.4 | 6.3 | 7.5 | 1.3 | 5.1 | |
| Op. Profit Mgn % ⓘ | -3.6 | -2.6 | 2.2 | 4.2 | 7.8 | 7.5 | 12.7 | 6.9 | 6.1 | 4.4 | 7.9 | |
| Net Profit Mgn % ⓘ | -5.1 | -3.9 | -1.6 | -1.4 | 1 | 4.4 | 6.2 | 2 | 2.1 | 0.4 | 1.3 | |
| Debt to Equity ⓘ | 0.4 | 0.4 | 0.5 | 0.8 | 0.8 | 0.8 | 0.9 | 0.8 | 0.7 | 0.9 | 0.2 | |
| Working Cap Days ⓘ | 331 | 340 | 335 | 253 | 264 | 175 | 191 | 211 | 167 | 178 | 129 | |
| Cash Conv. Cycle ⓘ | 237 | 226 | 203 | 151 | 155 | 99 | 112 | 129 | 99 | 100 | 25 | |
Return on Equity has increased versus last 3 years average to 5.10%
Debt to equity has declined versus last 3 years average to 0.94
Sales growth is good in last 4 quarters at 29.15%
Sales growth has been subdued in last 3 years 6.22%
Net Profit has been subdued in last 3 years -58.53%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.4 | - |
| TTM Sales (₹ Cr.) | 438 | - |
| BVPS (₹.) ⓘ | 68.7 | - |
| Reserves (₹ Cr.) ⓘ | 114 | - |
| P/BV ⓘ | 9.13 | - |
| PE ⓘ | 183.99 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 182.00 / 714.55 |
| All Time Low / High (₹) | 0.86 / 714.55 |
| Market Cap (₹ Cr.) | 1,075 |
| Equity (₹ Cr.) | 3.4 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 62.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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
Equipment
Transportation Rectifiers Transformers Converters & Inverters
Trading
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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