Hind Rectifiers Ltd Stock Analysis

BSE: 504036 | NSE: HIRECT | Electric Equipment | Small Cap

BSE Share Price 09-Dec-2022 11:33
231.55 -0.35 (-0.15%)

DeciZen - Make an Informed Decision on Hind Rectifiers

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Hind Rectifiers Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
384.1 Cr.
52-wk low :
152.9
52-wk high :
286
Bole Toh?

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 Fair zone.

3. Is Hind Rectifiers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Hind Rectifiers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hind Rectifiers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Hind Rectifiers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 12.9%-4.2%-2.2%0.9%2.2%5.2%12.9%14.9%6.8%7.9%-
Value Creation Index -0.1-1.3-1.2-0.9-0.8-0.6-0.10.1-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13696.79493.9111126255300305372347
YoY Gr. Rt. %--29%-2.8%-0%18.7%12.8%103%17.4%1.8%22%-
Adj EPS 6.5-3.2-2.3-1-10.86.811.23.75.6-2.1
YoY Gr. Rt. %--148.2%NANANANA760.8%65%-67.1%52.6%-
BVPS (₹) 45.442.240.839.834.24047.257.760.264.660.8
Adj Net Profit 10.2-4.9-3.6-1.5-1.61.311.318.66.19.3-3
Cash Flow from Ops. 6.3-1.225.2-3.3-3.66.54.421.736.3-
Debt/CF from Ops. 3.1-18.513.26.1-12.6-149.820.23.92.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.8%27.3%13.4%22%
Adj EPS -1.7%NA-6.1%52.6%
BVPS 413.511.17.2
Share Price 15.4% 14.6% 5.4% 32.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 15.2-7.2-5.6-2.4-2.72.215.621.46.39-3.3
Op. Profit Mgn % 10.4-3.6-2.62.24.27.87.512.76.96.72.1
Net Profit Mgn % 7.5-5.1-3.9-1.6-1.414.46.222.5-1
Debt to Equity 0.30.40.40.50.80.80.80.90.80.70.3
Working Cap Days 222331340335253264175191211167226
Cash Conv. Cycle 156237226203151155991121299940

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.40%

Debt to equity has declined versus last 3 years average to 0.70

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at 6.66%

Latest Financials - Hind Rectifiers Ltd.

Standalone Consolidated
TTM EPS (₹) -2.1 -
TTM Sales (₹ Cr.) 347 -
BVPS (₹.) 60.8 -
Reserves (₹ Cr.) 97 -
P/BV 3.81 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 152.90 / 286.00
All Time Low / High (₹) 0.86 / 286.00
Market Cap (₹ Cr.) 384
Equity (₹ Cr.) 3.3
Face Value (₹) 2
Industry PE 47

Management X-Ray of Hind Rectifiers :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hind Rectifiers

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Hind Rectifiers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hind Rectifiers on 09-Dec-2022 11:33 is : 231.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Dec-2022 11:33 the market cap of Hind Rectifiers stood at ₹ 384.1.
The latest PE ratio of Hind Rectifiers as of 09-Dec-2022 11:33 is 0.00.
The latest PB ratio of Hind Rectifiers as of 09-Dec-2022 11:33 is 3.81
The 52-week high of Hind Rectifiers is ₹ 286.0 and the 52-week low is ₹ 152.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Hind Rectifiers is ₹ 346.8 ( Cr.) .

About Hind Rectifiers Ltd

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

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