Hind Rectifiers Limited, Fundamental analysis

Industry Industry name	Consumer Durables
Variance Full Year Net Profit Variance	29
Equity Latest Equity	7.09
Face Value Latest Face Value	2
Reserves Total Reserve	301.48
Dividend Full Year Dividend %	70
Sales Turnover Full Year Net Sales	999.13
Net Profit Full Year Net Profit	46.44
Full Year CPS Full Year Cash Per Share	17
Earning Per Share Full Year Earning Per Share	13.1
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Jun 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	258.45
Previous EPS Previous earnings per share	0
Book Value Book value	87
Networth Full Year Return on Networth	20.95
Price/Book Value Price to Book value	12.827586
Yearly PE ratio Full Year Price to Earning per share	85.2
Yearly PC ratio Full Year Price to Cash Per Share	65.7
Bse value BSE Value in lakhs	15.77
Nse value NSE Value in lakhs	556.9
High 52 week high	1400
Low 52 week low	569
Price NSE Current market price	1116
CPM Current market price	1116

Market cap BSE / NSE Market Cap	3958.24
Net profit Latest Quarter Net Profit	7.55
Net profit variance Latest Quarter Net Profit variance	-41
Result year Trailing latest month	Jun 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	0
TTM OP Trailing Twelve 12 month Operating Profit	0
TTM OPM Trailing Twelve 12 month Operating Profit Margin	0
TTM GP Trailing Twelve 12 month Gross Profit	63.25
TTM GPM Trailing Twelve 12 month Gross Profit Margin	6.07
TTM NP Trailing Twelve 12 month Net Profit	0
TTM NPV Trailing Twelve 12 month Net Profit Variane	-8.77
TTM EPS Trailing Twelve 12 month EPS	11.05
TTM PE Trailing Twelve 12 month PE	101.02
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	0
Equity Latest Equity	7.09
LTP Latest Price (BSE/NSE)	1116
Gross block Latest Gross Block	250.42
Loans Total loans	21.77
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	8.5
Year GPM Full Year Gross Profit Margin	7
Quarter OPM Latest quater Operation Profit Margin	3.7

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Sales	166	169	185	215	227	277	280	258
YOY Sales Growth %	26%	24%	22%	58%	37%	64%	51%	20%
Gross Sales	166	169	185	215	227	277	280	258
+ Expenses	148	151	165	191	201	253	272	245
Material Cost %	82%	77%	74%	70%	90%	71%	72%	97%
Raw Material Cost	128	127	137	155	187	198	205	218
Change in Inventory	8	3	0	-4	17	-1	-4	33
Manufacturing Cost %	8%	6%	6%	6%	6%	7%	9%	7%
Employee Cost %	9%	9%	9%	9%	8%	13%	14%	16%
Other Cost %	-10%	-3%	-0%	3%	-15%	1%	3%	-25%
Raw Materials %	77%	75%	74%	72%	82%	71%	73%	84%
Stock Adjustments %	-5%	-1%	-0%	2%	-8%	0%	1%	-13%
Other Manufacturing Expenses %	8%	6%	6%	6%	6%	7%	9%	7%
Operating Profit	18	18	20	24	26	24	8	13
OPM %	11%	10%	11%	11%	11%	9%	3%	5%
+ Other Income	0	1	0	0	0	0	1	8
Miscellaneous Income	0	1	0	0	0	0	1	8
Exceptional Income	0	0	0	0	0	0	0	4
Interest	3	3	4	4	4	5	4	5
Depreciation	2	2	2	3	3	4	4	5
Profit before tax	13	13	14	18	20	15	1	12
+ Tax %	21%	26%	29%	30%	25%	17%	286%	44%
Current Tax	3	3	4	6	5	1	1	5
Deferred Tax	0	0	0	0	0	1	1	0
+ Net Profit	10	10	10	13	15	13	-2	7
Extraordinary Income / Expense	0	0	0	0	0	-1	-1	4
Exceptional Item	0	0	0	0	0	-1	-1	4
Minority Interest (After Tax)	0	0	0	0	0	0	6	3
Net Profit After Minority Interest	10	10	10	13	15	13	5	9
EPS in Rs	5.95	5.84	5.83	7.44	8.58	7.58	1.52	1.71

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Sales	121	127	255	300	305	372	359	518	655	999
Sales Growth %		5%	101%	17%	2%	22%	-3%	44%	27%	52%
Gross Sales	102	124	255	300	305	372	359	518	655	999
Excise Duty	9	1	0	0	0	0	0	0	0	0
+ Expenses	124	118	230	262	286	350	355	480	585	917
Material Cost %	65%	69%	73%	70%	77%	78%	78%	74%	73%	74%
Raw Material Cost	73	91	193	222	229	290	290	382	501	744
Change in Inventory	5	-3	-7	-12	7	-1	-11	3	-23	-8
Manufacturing Cost %	2%	2%	1%	1%	1%	1%	1%	1%	2%	2%
Employee Cost %	16%	14%	9%	10%	11%	10%	11%	10%	10%	11%
Other Cost %	20%	7%	7%	7%	4%	6%	9%	7%	5%	5%
Raw Materials %	61%	71%	76%	74%	75%	78%	81%	74%	76%	75%
Purchase of Finished Goods %	2%	1%	0%	0%	0%	0%	0%	0%	0%	0%
Stock Adjustments %	-4%	2%	3%	4%	-2%	0%	3%	-1%	3%	1%
Power & Fuel %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Other Manufacturing Expenses %	1%	1%	1%	0%	0%	0%	1%	1%	1%	1%
Selling & Administration %	5%	5%	4%	4%	3%	4%	4%	4%	3%	3%
Miscellaneous Expenses %	7%	1%	3%	2%	1%	2%	4%	3%	2%	2%
Operating Profit	-3	9	25	37	20	22	4	37	70	82
OPM %	-3%	7%	10%	12%	6%	6%	1%	7%	11%	8%
+ Other Income	0	0	1	0	0	0	0	1	1	2
Miscellaneous Income	0	0	1	0	0	0	0	1	1	2
Exceptional Income	0	0	0	0	0	0	0	0	0	0
Interest	5	6	8	8	9	7	9	13	14	17
Depreciation	2	2	3	4	4	4	5	7	8	14
Profit before tax	-10	2	17	26	7	11	-9	18	50	54
+ Tax %	27%	35%	29%	30%	28%	30%	27%	29%	26%	28%
Current Tax	0	0	0	6	2	3	0	0	13	13
Deferred Tax	-3	1	5	1	0	0	-2	5	0	2
+ Net Profit	-7	1	12	18	5	8	-6	13	37	39
Profit Growth %		-118%	799%	57%	-71%	46%	-182%	-297%	196%	4%
Extraordinary Income / Expense	-8	0	0	0	0	0	-11	-7	0	-2
Exceptional Item	-8	0	0	0	0	0	-11	-7	0	-2
Minority Interest (After Tax)	0	0	0	0	0	0	0	0	0	6
Net Profit After Minority Interest	0	0	0	0	0	0	0	13	37	45
EPS in Rs								7.30	21.62	11.23

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3	3	3	3	3	3	3	3	3	7
Reserves	50	63	75	92	96	104	108	121	156	202
+ Borrowings	41	51	64	90	84	75	105	135	164	245
Secured Borrowings	39	51	64	90	84	67	95	119	149	223
Unsecured Borrowings	2	0	0	0	0	8	10	16	16	22
Deferred Credit	0	0	0	0	0	0	0	1	1	1
+ Other Liabilities	19	35	43	57	57	64	76	71	93	209
Current Liabilities	18	35	42	55	55	62	75	73	94	223
Provisions	1	0	3	3	2	2	3	5	6	19
Minority Interest	0	0	0	0	0	0	0	0	0	-3
Other liability items	2	2	2	4	6	5	5	5	5	17
Total Liabilities	113	153	185	243	241	246	292	331	417	662
+ Fixed Assets	20	27	26	33	41	48	80	90	107	196
Gross Block	36	46	47	57	68	80	116	132	150	250
Accumulated Depreciation	16	18	21	24	28	32	36	42	43	54
CWIP	5	4	14	18	20	28	21	22	12	10
Investments	0	0	0	6	0	0	0	0	0	0
+ Other Assets	88	121	144	185	180	170	192	219	298	455
Inventories	27	34	54	69	69	77	92	97	121	149
Trade receivables	36	55	63	81	88	68	68	89	110	246
Cash Equivalents	1	2	2	3	2	1	1	2	1	5
Loans n Advances	21	25	20	31	23	24	33	30	39	70
Other asset items	4	4	5	1	-1	0	-3	1	28	-15
Total Assets	113	153	185	243	241	246	292	331	417	662

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Cash from Operating Activity	-3	-4	6	4	22	36	33	34	36	86
Profit from Operations								48	86	97
Working Capital Changes								-14	-42	2
Profit Before Tax & Extraordinary Items	-10	2	17	26	7	11	-9	18	50	54
Depreciation	2	2	3	4	4	4	5	7	8	14
Interest (Net)	5	5	7	7	9	7	8	13	13	16
Profit / Loss on Sale of Investments	0	0	0	0	0	0	11	0	0	0
Provisions & Write-offs (Net)	0	0	0	0	0	0	6	10	15	14
Profit / Loss in Forex	0	0	0	0	0	0	0	0	0	0
Receivables	3	-24	-8	-28	2	18	-7	-24	-58	-137
Inventories	6	-7	-20	-15	1	-8	-15	-4	-24	-28
Trade Payables	-10	18	10	14	1	7	5	-6	13	59
Direct Taxes Paid	1	0	-2	-4	-2	-2	-1	0	-8	-13
+ Cash from Investing Activity	-4	-10	-10	-22	-8	-20	-29	-19	-25	-90
Purchase of Fixed Assets	-4	-11	-12	-15	-13	-20	-29	-14	-23	-97
Sale of Fixed Assets	0	0	1	0	0	0	0	1	1	0
Purchase of Investments	0	0	0	-6	0	0	0	0	0	0
Sale of Investments	0	0	0	0	6	0	0	0	0	0
Interest Received	0	0	0	0	0	0	0	0	0	0
Dividend Received	0	0	0	0	0	0	0	0	0	0
Others	0	0	0	-1	-1	0	0	-6	-4	7
+ Cash from Financing Activity	4	15	3	19	-15	-17	-4	-14	-11	8
Proceeds from Issue of Shares	0	12	0	0	0	0	0	0	0	0
Proceeds from Other Long-Term Borrowings	0	0	11	26	0	0	14	9	16	35
Repayment of Long-Term Borrowings	0	0	0	0	-6	-9	-8	-10	-10	-12
Repayment of Financial Liabilities	0	0	0	0	0	0	0	-1	-2	-3
Dividend Paid	0	0	0	0	0	-1	-1	0	-2	-3
Interest Paid								-12	-13	-15
Others	9	8	0	0	0	0	0	0	0	7
Net Cash Flow	-3	1	-1	1	-1	0	0	0	0	4