Hind Rectifiers Ltd share price logo

Hind Rectifiers Ltd (HIRECT)

₹7224.38%

Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹687.6
    ₹726.25
  • 52 Week's Low

    52 Week's High

    ₹276
    ₹824
1 Month Return+ 2.71 %
3 Month Return-4.66 %
1 Year Return+ 146.16 %
Previous Close₹691.70
Open₹700.90
Volume18.79K
Upper Circuit-
Lower Circuit-
Market Cap₹1,185.43Cr

Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹1,185.43 Cr
P/B Ratio8.29
EPS0

Company Information

Hirect, a leading manufacturer of rectifier equipment, semiconductor devices, and products for railways AC electric locomotives and AC electrical multiple units, has signed a technical collaboration agreement with Friem Italy and has received orders from Sterlite Industries Chemfab Chlorates, Sree Rayalaseema Alkalies, and Chemicals. With Electric Research and Development Centre Kerala, Hirect has also signed a technical collaboration agreement to produce transistorised PWM AC drives and has an agreement with Powersem Germany for Isopack bridges. Future plans include signing a technical collaboration agreement with Chittaranjan Locomotive Works for transfer of technology for auxiliary converters. Hirect also has an RD department recognized by the government of India that is working on developing traction rectifiers for diesel locomotives and 5400KVA loco transformers. In pursuit of the ISO9002 certificate, Hirect has appointed the National Productivity Council for improvements. This period (1995-2000) saw the successful manufacture and supply of high-current water-cooled rectifiers, Isopack bridges, and a new 180KVA converter from Indian Railways for Rs. 3 crores. It was also the period where Hirect merged with Supreme Powertronics Private Ltd.

Share Price: ₹722.00 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,185.43Cr as of today
Listing date: 12 Sep, 1996
Chairperson Name: Pradeep V Goyal
OrganisationHind Rectifiers Ltd
HeadquartersMumbai
IndustryConsumer Durables
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Key events for Hind Rectifiers Ltd

  • Hind Rectifiers Ltd Posts Strong Earnings Despite Unusual Expenses - 05 Jun, 2024

    Investors were underwhelmed by Hind Rectifiers Limited's strong earnings due to the ₹70m expense attributed to unusual items. However, if these expenses do not repeat, the company's profit is expected to increase over the coming year.

  • Hind Rectifiers Reports Q4 Results; Shares Hit Lower Circuit - 29 May, 2024

    Hind Rectifiers reported its Q4 FY23-24 results with net sales at Rs 151.36 crore, up 35.64% YoY, and recommended a final dividend of ₹1.20. However, the shares hit the lower circuit as the street expected better numbers from the company.

  • Hind Rectifiers Reports Net Profit in Q4 FY23-24 - 28 May, 2024

    Hind Rectifiers reported a net profit of Rs. 12.51 crores and revenue from operations of Rs. 151.35 crore in Q4 FY23-24, indicating a growth of 35.64% YoY. The company also recommended a final dividend of Rs. 1.20 per equity share for the financial year 2023-24.

Insights on Hind Rectifiers Ltd

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 5.76% to 5.82% in Jun 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 44.05% of holdings in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Astra Microwave Products Ltd has given 416.5% return, outperforming this stock by 70.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Marine Electricals India Ltd has given 311.2% return, outperforming this stock by 165.0%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 50.17% to 50.12% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, HIRECT stock has moved down by -5.4%

Company Financials

Value in ₹ crore
2024Y/Y Change
Total Assets
₹337.58Cr
↑13.72%
Total Liabilities
₹213.05Cr
↑15.07%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹33.90Cr
↑2.63%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
44.05%
0.00
Foreign Institutions
5.82%
0.95
Mutual Funds
0%
0.00
Retail Investors
50.12%
-0.11
Others
0.01%
0.00

Key Indicators

Earnings and Dividends

  • Hind Rectifiers Ltd Earnings Results

    Hind Rectifiers Ltd’s net profit jumped 308.13% since last year same period to ₹5.12Cr in the Q4 2023-2024. On a quarterly growth basis, Hind Rectifiers Ltd has generated 236.84% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Hind Rectifiers Ltd Dividends May,2022

    In the quarter ending March 2022, Hind Rectifiers Ltd has declared dividend of ₹0.40 - translating a dividend yield of 0.11%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Hind Rectifiers Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Hind Rectifiers Ltd (HIRECT) share price today is ₹722

Hind Rectifiers Ltd is listed on NSE

Hind Rectifiers Ltd is listed on BSE

  • Today’s highest price of Hind Rectifiers Ltd is ₹726.25.
  • Today’s lowest price of Hind Rectifiers Ltd is ₹687.6.

Today’s traded volume of Hind Rectifiers Ltd(HIRECT) is 18.79K.

Today’s market capitalisation of Hind Rectifiers Ltd(HIRECT) is ₹1185.43Cr.

Hind Rectifiers Ltd(HIRECTPrice
52 Week High
₹824
52 Week Low
₹276

Hind Rectifiers Ltd(HIRECT) share price is ₹722. It is down -12.38% from its 52 Week High price of ₹824

Hind Rectifiers Ltd(HIRECT) share price is ₹722. It is up 161.59% from its 52 Week Low price of ₹276

Hind Rectifiers Ltd(HIRECTReturns
1 Day Returns
30.3%
1 Month Returns
2.71%
3 Month Returns
-4.66%
1 Year Returns
146.16%