Hind Rectifiers Limited - energy and power in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L28900MH1958PLC011077 Incorporated 25 April 1958 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: HIRECT · BSE: 504036 Public Limited Company energy and power
Data last updated
Market Cap
₹3,985 Cr
HIRECT · NSE
Share Price
₹1,123.80
-2.04% today
Revenue
₹999 Cr
FY 2025-26 · +56.7% YoY
EBITDA
₹83.01 Cr
Margin 8.3%
Net Profit
₹46.44 Cr
FY 2025-26 · +29.1% YoY
P/E (TTM)
103.8x
P/B 13.2x
ROE
20.9%
ROCE 17.7%
Debt / Equity
1.11
Interest cover 24.5x

About Hind Rectifiers Limited

Data last updated:

Hind Rectifiers Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in power equipment manufacturers, a part of the broader energy and power sector. Incorporated on 25 April 1958, the company has been in operation for over 68 years.

Registered with ROC Mumbai under CIN L28900MH1958PLC011077. Listed on BSE: 504036 and NSE: HIRECT.

Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.87 Cr. Formerly known as Hind Rectifiers Private Limited. It is led by directors including Suramya Saurabh Nevatia and Parimal Merchant.

Last AGM: 29 July 2025. Financial statements filed for year ended 31 March 2025. Office: Lake Road Bhandup West, Mumbai, Maharashtra, India – 400078.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹999.13 Cr, a growth of 52.45% compared to the previous year. The net worth stands at ₹208.57 Cr (up 30.46% YoY). Total assets are valued at ₹467.14 Cr (up 41.79% YoY).

The company has a workforce of approximately 567 employees as per the latest available data.

The company is associated with 1 brand - Hind Rectifiers. As per MCA filings, the company has open charges of ₹285.07 Cr and satisfied charges of ₹117.97 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hirect.com.

Company Details of Hind Rectifiers Limited
CIN L28900MH1958PLC011077
Registration Number 011077
Incorporation Date 25 April 1958
ROC Mumbai
Listing Status Listed (BSE: 504036, NSE: HIRECT)
Company Status Active
Date of Last AGM 29 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
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  • Telephone
    Locked
  • Website
  • Social Media
  • Registered Address
    Lake Road Bhandup West, Mumbai, Maharashtra, India – 400078
  • Industry
    Energy and Power, Power Equipment Manufacturers
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Financials, compliance, directors, charges, ownership and filings for Hind Rectifiers Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Hind Rectifiers

Hind Rectifiers operates one associated brand: Hind Rectifiers. Each brand links to its own profile.

BrandDescriptionWebsite
Manufacturer of power semiconductors, power electronic and railway transportation equipmenthirect.com

Business Activity of Hind Rectifiers

The main business activity of Hind Rectifiers is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Business activity turnover details for Hind Rectifiers Limited

Turnover share and past changes in activity are in the company report.

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Auditor Details of Hind Rectifiers

Hind Rectifiers Limited is audited by M/s GMJ & Co for the financial year 2024.

NameStatusAppointment DateCessation Date
M/s GMJ & CoLockedLockedLocked
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Complete auditor history for Hind Rectifiers Limited

Appointment and cessation dates and past auditor changes are in the company report.

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Board of Directors of Hind Rectifiers Limited

Hind Rectifiers has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors

Financials of Hind Rectifiers Limited FY 2025-26 filings available

Hind Rectifiers Limited reported revenue of ₹999.13 Cr (up 52.45% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹999 Cr
+52.5% YoY
EBITDA
₹83.01 Cr
+17.2% YoY
Profit After Tax
₹46.44 Cr
+29.1% YoY
Net Worth
₹209 Cr
+30.5% YoY
Total Assets
₹467 Cr
+41.8% YoY
Total Debt
₹245 Cr
+48.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue999655518
Revenue growth+56.7%+21.9%+9997.0%
EBITDA83.0170.8137.91
EBITDA margin+8.3%+10.8%+7.3%
Profit before tax53.9150.1117.67
Net profit46.4435.9617.31
Net profit margin+4.7%+5.5%+3.3%
EPS (₹)13.1021.627.30
Balance sheet
Total assets467329265
Net worth209160125
Total debt245164135
Cash & bank4.981.131.55
Net working capital252177143
Cash flow
Cash from operations85.8135.6333.90
Cash from investing(90.07)(25.31)(19.47)
Cash from financing8.11(10.74)(14.26)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue258280277227215185169166
Revenue growth (YoY)+20.3%+51.2%+64.2%+37.0%+58.5%+22.3%+23.7%+9997.0%
Other income7.861.080.210.130.230.340.500.13
EBITDA13.227.7124.2625.8924.2219.9017.6218.31
EBITDA margin+5.1%+2.8%+8.7%+11.4%+11.3%+10.8%+10.4%+11.0%
Depreciation4.713.854.452.812.732.222.152.11
Interest4.744.094.713.563.624.022.523.40
Profit before tax11.630.8515.3119.6518.1014.0013.4512.93
Tax5.122.432.624.925.344.023.452.74
Net profit6.51(1.58)12.6914.7312.769.9810.0010.19
EPS (₹)1.701.517.568.577.425.825.835.93
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue949655518359372305300
Revenue growth+45.1%+21.8%+35.3%+1.4%+22.6%+9.0%+14.2%
EBITDA10170.9637.914.6722.6620.0037.99
EBITDA margin+10.6%+10.8%+7.3%+1.3%+6.1%+6.6%+12.7%
Profit before tax72.9650.2617.67(8.71)11.167.3526.25
Net profit59.2336.1117.314.347.785.3218.48
Net profit margin+6.2%+5.5%+3.3%+1.2%+2.1%+1.7%+6.2%
EPS (₹)16.7821.717.30(3.72)4.713.2211.16
Balance sheet
Total assets454330265222188189190
Net worth22116012511210799.7795.64
Total debt22616413510574.9983.7689.77
Cash & bank1.391.141.551.391.341.623.03
Net working capital251177143115106123124
Cash flow
Cash from operations90.6835.6333.9033.0336.2721.714.44
Cash from investing(84.76)(25.31)(19.47)(29.30)(19.94)(8.38)(21.62)
Cash from financing(5.66)(10.74)(14.26)(3.68)(16.61)(14.73)18.51
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue236264243227215185169166
Revenue growth (YoY)+10.1%+42.7%+44.0%+37.0%+58.5%+22.3%+23.7%+25.7%
Other income3.850.400.210.130.230.340.500.13
Total expenses211238219201190165151148
EBITDA25.0526.1324.1925.9124.2720.0617.6218.31
EBITDA margin+10.6%+9.9%+9.9%+11.4%+11.3%+10.8%+10.4%+11.0%
Depreciation4.043.703.402.812.732.222.152.11
Interest4.634.014.653.563.624.022.523.40
Profit before tax20.2318.8216.3519.6718.1514.1613.4512.93
Tax5.142.432.624.925.344.023.452.74

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue258280277227215185169166
Revenue growth (YoY)+20.3%+51.2%+64.2%+37.0%+58.5%+22.3%+23.7%+9997.0%
Other income7.861.080.210.130.230.340.500.13
EBITDA13.227.7124.2625.8924.2219.9017.6218.31
EBITDA margin+5.1%+2.8%+8.7%+11.4%+11.3%+10.8%+10.4%+11.0%
Depreciation4.713.854.452.812.732.222.152.11
Interest4.744.094.713.563.624.022.523.40
Profit before tax11.630.8515.3119.6518.1014.0013.4512.93
Tax5.122.432.624.925.344.023.452.74
Net profit6.51(1.58)12.6914.7312.769.9810.0010.19
EPS (₹)1.701.517.568.577.425.825.835.93
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue999655518
Revenue growth+56.7%+21.9%+9997.0%
Other income1.651.480.61
Total expenses916585480
Employee cost11263.2652.35
EBITDA83.0170.8137.91
EBITDA margin+8.3%+10.8%+7.3%
Depreciation13.838.497.45
Interest16.9213.6913.40
Profit before tax53.9150.1117.67
Tax15.3113.005.18
Net profit46.4435.9617.31
Net profit margin+4.7%+5.5%+3.3%
EPS (₹)13.1021.627.30
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital6.873.433.43
Reserves & surplus202156121
Shareholders' funds (net worth)209160125
Minority interest(2.77)0.000.00
Secured loans223149119
Unsecured loans21.7715.5415.91
Total debt245164135
Total liabilities467329265
Assets
Gross block250150132
Net block19610789.62
Capital work in progress10.4212.1322.44
Investments0.130.130.13
Inventories14912196.72
Sundry debtors24611089.16
Cash & bank balances4.981.131.55
Loans & advances41.6932.3321.53
Total current assets442264209
Total current liabilities19086.2966.13
Net working capital252177143
Total assets467329265
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash1.131.551.39
Net cash from operating activities85.8135.6333.90
Net cash from investing activities(90.07)(25.31)(19.47)
Net cash from financing activities8.11(10.74)(14.26)
Net change in cash3.85(0.42)0.16
Closing cash4.981.131.55
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+52.5%+26.6%+9997.0%
EBITDA growth+17.2%+86.8%+9997.0%
PBT growth+7.6%+183.6%+9997.0%
Net income growth+29.1%+107.7%+9997.0%
Profitability & leverage
Net income margin+3.9%+5.7%+2.4%
Return on capital employed+17.7%+21.5%+14.3%
Return on net worth+21.0%+26.1%+13.9%
Debt / equity1.111.051.08
Long-term debt / equity0.190.210.23
Interest cover24.4621.9743.99
Efficiency & per share
Fixed asset turnover4.994.653.94
Inventory turnover7.416.035.35
Debtors turnover5.616.605.80
EPS (₹)13.1021.627.30
Dividend per share (₹)1.402.001.20
Book value per share (₹)60.6893.1472.66
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue236264243227215185169166
Revenue growth (YoY)+10.1%+42.7%+44.0%+37.0%+58.5%+22.3%+23.7%+25.7%
Other income3.850.400.210.130.230.340.500.13
Total expenses211238219201190165151148
EBITDA25.0526.1324.1925.9124.2720.0617.6218.31
EBITDA margin+10.6%+9.9%+9.9%+11.4%+11.3%+10.8%+10.4%+11.0%
Depreciation4.043.703.402.812.732.222.152.11
Interest4.634.014.653.563.624.022.523.40
Profit before tax20.2318.8216.3519.6718.1514.1613.4512.93
Tax5.142.432.624.925.344.023.452.74
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue949655518359372305300
Revenue growth+45.1%+21.8%+35.3%+1.4%+22.6%+9.0%+14.2%
Other income0.961.480.610.260.340.360.48
Total expenses848584480354349285262
Employee cost78.9063.2652.3539.0736.6432.7429.80
EBITDA10170.9637.914.6722.6620.0037.99
EBITDA margin+10.6%+10.8%+7.3%+1.3%+6.1%+6.6%+12.7%
Depreciation12.648.497.455.144.493.834.07
Interest16.3913.6913.408.507.359.188.15
Profit before tax72.9650.2617.67(8.71)11.167.3526.25
Tax15.3113.005.18(2.32)3.362.037.76
Net profit59.2336.1117.314.347.785.3218.48
Net profit margin+6.2%+5.5%+3.3%+1.2%+2.1%+1.7%+6.2%
EPS (₹)16.7821.717.30(3.72)4.713.2211.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital6.873.433.433.423.313.313.31
Reserves & surplus21415712110810496.4692.33
Shareholders' funds (net worth)22116012511210799.7795.64
Secured loans20814911994.8766.7883.7689.77
Unsecured loans17.5715.5415.919.888.210.000.00
Total debt22616413510574.9983.7689.77
Total liabilities454330265222188189190
Assets
Gross block21814913211679.7268.3357.06
Net block16710789.6279.5348.0740.6133.04
Capital work in progress9.1812.1322.4420.7227.9519.8517.98
Investments18.300.420.130.130.130.106.10
Inventories13512196.7292.4477.0268.5469.27
Sundry debtors22711089.1667.5667.7887.7481.04
Cash & bank balances1.391.141.551.391.341.623.03
Loans & advances41.4832.3321.5324.1718.3016.7623.65
Total current assets405264209186164175177
Total current liabilities15486.4266.1370.4158.2851.9752.75
Net working capital251177143115106123124
Total assets454330265222188189190
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.131.551.391.341.623.031.70
Net cash from operating activities90.6835.6333.9033.0336.2721.714.44
Net cash from investing activities(84.76)(25.31)(19.47)(29.30)(19.94)(8.38)(21.62)
Net cash from financing activities(5.66)(10.74)(14.26)(3.68)(16.61)(14.73)18.51
Net change in cash0.26(0.42)0.160.05(0.28)(1.41)1.33
Closing cash1.391.141.551.391.341.623.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+44.8%+26.6%+44.1%-3.5%+22.0%+1.8%+17.4%
EBITDA growth+42.4%+87.2%+711.8%-79.4%+13.3%-47.4%+45.4%
PBT growth+45.2%+184.4%+9998.0%-+51.8%-72.0%+57.7%
Net income growth+64.0%+108.6%+298.9%-44.2%+46.2%-71.2%+61.1%
Revenue CAGR (3Y)+38.3%+20.8%+19.3%+6.2%+13.4%+34.4%+39.0%
EBITDA CAGR (3Y)+178.6%+46.3%+23.8%-50.3%-4.6%+26.6%-
Profitability & leverage
Net income margin+6.1%+5.7%+2.4%-1.8%+2.1%+1.7%+6.2%
Return on capital employed+22.8%+21.5%+15.6%+5.2%+9.8%+8.7%+20.6%
Return on net worth+30.3%+26.2%+14.7%+4.0%+7.5%+5.5%+21.3%
Debt / equity1.021.051.020.820.770.890.88
Long-term debt / equity0.170.210.220.210.160.130.18
Interest cover18.5421.9143.99-1,808.5140.4556.7724.03
Efficiency & per share
Fixed asset turnover5.174.684.193.675.034.875.77
Inventory turnover7.426.035.474.245.114.434.86
Debtors turnover5.646.606.605.314.793.624.15
EPS (₹)16.7821.717.30(3.72)4.713.2211.16
Dividend per share (₹)1.402.001.200.000.400.400.80
Book value per share (₹)64.3893.2372.6665.2464.8760.2457.74
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Shareholding Pattern of Hind Rectifiers Limited

Shareholding for the quarter ended Sep 2026: promoters hold 43.90%, foreign institutional investors hold 6.60%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 49.30%.

Promoters: 43.90%DII (Domestic Institutional): 0.20%FII (Foreign Institutional): 6.60%Retail & Others: 49.30%
Sep 2026
QUARTER
43.90% Promoters
0.20% DII (Domestic Institutional)
6.60% FII (Foreign Institutional)
49.30% Retail & Others
Promoter holding - history
Now 43.90% · Sep 2026High 43.90% · Dec 2025Low 43.90% · Dec 2025
42%42.8%43.5%44.3%45%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 43.90%Mar 2026: 43.90%Jun 2026: 43.90%Sep 2026: 43.90%43.90%43.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters43.90%43.90%43.90%43.90%
Public56.10%56.10%56.10%56.10%

Charges & Borrowings of Hind Rectifiers

Open charges
₹285.07 Cr
Satisfied charges
₹117.97 Cr
Breakdown by lending institutions
Others₹284.25 Cr
Standard Chartered Bank₹0.65 Cr
Hdfc Bank Limited₹0.17 Cr
Latest charge details
DateLenderAmountStatus
18 Nov 2024Others₹41.9 CrOpen
27 Sep 2024Standard Chartered Bank₹65 LakhOpen
20 Jun 2024Others₹1.3 CrOpen
19 Jan 2024Others₹50 LakhOpen
09 Mar 2022Hdfc Bank Limited₹16.72 LakhOpen

Total charge records: 59 View all charges

Employees and EPFO Compliance at Hind Rectifiers

Hind Rectifiers Limited has a workforce of 567 employees as of Apr 05, 2024.

Employee count
567
Active EPFO establishments
4
Employee growth
11.18%
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Employee and EPFO history for Hind Rectifiers Limited

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GST Compliance of Hind Rectifiers

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GST registrations and filing compliance for Hind Rectifiers Limited

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Credit Ratings, Litigation & Regulatory Alerts for Hind Rectifiers

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MSME Payment Delays by Hind Rectifiers

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MSME payment history for Hind Rectifiers Limited

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Subsidiaries & Group Companies of Hind Rectifiers

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Corporate group structure for Hind Rectifiers Limited

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MCA Filings & Documents of Hind Rectifiers

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MCA filings and documents for Hind Rectifiers Limited

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Recent Activity on Hind Rectifiers

Directors
19 May 2026
Suhas Gopal Pawar was appointed as a Company Secretary on 19 May 2026 & has been associated with this company since 4 months 18 days.
Charges
16 Apr 2026
A charge registered on 27 Apr 2021 via Charge ID 100446886 with Others was fully satisfied on 16 Apr 2026.
Directors
09 Nov 2025
Manoj Rajgopalan Nair was appointed as a Ceo on 09 Nov 2025 & has been associated with this company since 10 months 25 days.
Charges
17 Oct 2025
A charge registered on 06 Dec 2023 via Charge ID 100836436 with Tjsb Sahakari Bank Limited was fully satisfied on 17 Oct 2025.
Charges
06 Oct 2025
A charge registered on 04 Jul 2022 via Charge ID 100591787 with Hdfc Bank Limited was fully satisfied on 06 Oct 2025.
Activity
29 Jul 2025
Hind Rectifiers Limited last Annual general meeting of members was held on 29 Jul 2025 as per latest MCA records.

Frequently Asked Questions about Hind Rectifiers Limited

Hind Rectifiers is an active public limited company in the energy and power sector based in Mumbai, Maharashtra, India. It was incorporated on 25 April 1958 (68+ years old) and is registered under CIN L28900MH1958PLC011077. Listed on BSE: 504036 and NSE: HIRECT. The company has 567 employees.

Hind Rectifiers reported revenue of ₹999.13 Cr for FY 2025-26 (up 52.45% YoY) based on consolidated financials.

The current directors of Hind Rectifiers are:

The primary industry of Hind Rectifiers is energy and power. The company specifically operates in power equipment manufacturers. The company is currently active in this sector.

Yes. Hind Rectifiers is listed on both BSE (code: 504036) and NSE (symbol: HIRECT).

Hind Rectifiers can be reached at the registered office: Lake Road Bhandup West, Mumbai, Maharashtra, India – 400078, or through the website hirect.com.

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