
About Hind Rectifiers Limited
Data last updated:
Hind Rectifiers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 25 April 1958 and has been in existence for over 68 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L28900MH1958PLC011077. Its GSTIN is 27AAACH1781Q1Z4 (Maharashtra). The company holds 4 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 504036 and NSE: HIRECT.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.87 Cr. It was formerly known as Hind Rectifiers Private Limited. It is led by directors including Suramya Saurabh Nevatia (Managing Director) and Akshada Suramya Nevatia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 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 52.5% compared to the previous year. For the same year it recorded a net profit of ₹46.44 Cr (net margin 4.6%) and EBITDA of ₹83.01 Cr (EBITDA margin 8.3%). The net worth stands at ₹208.57 Cr (up 30.5% YoY). Total assets are valued at ₹467.14 Cr (up 41.8% YoY).
The company has about 567 employees on its provident fund (EPFO) records.
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. Court records list 56 cases involving the company, including 32 filed by the company and 24 filed against it; 2 cases are pending.
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
Contact details
Hind Rectifiers Limited's registered office is in Mumbai, Maharashtra. Its website is hirect.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLake Road Bhandup West, Mumbai, Maharashtra, India – 400078
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Hind Rectifiers Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Hind Rectifiers operates one associated brand: Hind Rectifiers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of power semiconductors, power electronic and railway transportation equipment | hirect.com |
Business activity
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 code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Hind Rectifiers Limited, buy the company report.
Financials of Hind Rectifiers Limited
FY 2025-26 filings availableHind Rectifiers Limited reported revenue of ₹999.13 Cr (up 52.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 999 | 655 | 518 |
| Revenue growth | +52.5% | +26.6% | - |
| EBITDA | 83.01 | 70.81 | 37.91 |
| EBITDA margin | +8.3% | +10.8% | +7.3% |
| Profit before tax | 53.91 | 50.11 | 17.67 |
| Net profit | 46.44 | 35.96 | 17.31 |
| Net profit margin | +4.7% | +5.5% | +3.3% |
| EPS (₹) | 13.10 | 21.62 | 7.30 |
| Balance sheet | |||
| Total assets | 467 | 329 | 265 |
| Net worth | 209 | 160 | 125 |
| Total debt | 245 | 164 | 135 |
| Cash & bank | 4.98 | 1.13 | 1.55 |
| Net working capital | 252 | 177 | 143 |
| Cash flow | |||
| Cash from operations | 85.81 | 35.63 | 33.90 |
| Cash from investing | (90.07) | (25.31) | (19.47) |
| Cash from financing | 8.11 | (10.74) | (14.26) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 258 | 280 | 277 | 227 | 215 | 185 | 169 | 166 |
| Revenue growth (YoY) | +20.3% | +51.2% | +64.2% | +37.0% | +58.5% | - | - | - |
| Other income | 7.86 | 1.08 | 0.21 | 0.13 | 0.23 | 0.34 | 0.50 | 0.13 |
| EBITDA | 13.22 | 7.71 | 24.26 | 25.89 | 24.22 | 19.90 | 17.62 | 18.31 |
| EBITDA margin | +5.1% | +2.8% | +8.7% | +11.4% | +11.3% | +10.8% | +10.4% | +11.0% |
| Depreciation | 4.71 | 3.85 | 4.45 | 2.81 | 2.73 | 2.22 | 2.15 | 2.11 |
| Interest | 4.74 | 4.09 | 4.71 | 3.56 | 3.62 | 4.02 | 2.52 | 3.40 |
| Profit before tax | 11.63 | 0.85 | 15.31 | 19.65 | 18.10 | 14.00 | 13.45 | 12.93 |
| Tax | 5.12 | 2.43 | 2.62 | 4.92 | 5.34 | 4.02 | 3.45 | 2.74 |
| Net profit | 6.51 | (1.58) | 12.69 | 14.73 | 12.76 | 9.98 | 10.00 | 10.19 |
| EPS (₹) | 1.70 | 1.51 | 7.56 | 8.57 | 7.42 | 5.82 | 5.83 | 5.93 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 949 | 655 | 518 | 359 | 372 | 305 | 300 |
| Revenue growth | +44.8% | +26.6% | +44.1% | -3.5% | +22.0% | +1.8% | - |
| EBITDA | 101 | 70.96 | 37.91 | 4.67 | 22.66 | 20.00 | 37.99 |
| EBITDA margin | +10.6% | +10.8% | +7.3% | +1.3% | +6.1% | +6.6% | +12.7% |
| Profit before tax | 72.96 | 50.26 | 17.67 | (8.71) | 11.16 | 7.35 | 26.25 |
| Net profit | 59.23 | 36.11 | 17.31 | 4.34 | 7.78 | 5.32 | 18.48 |
| Net profit margin | +6.2% | +5.5% | +3.3% | +1.2% | +2.1% | +1.7% | +6.2% |
| EPS (₹) | 16.78 | 21.71 | 7.30 | (3.72) | 4.71 | 3.22 | 11.16 |
| Balance sheet | |||||||
| Total assets | 454 | 330 | 265 | 222 | 188 | 189 | 190 |
| Net worth | 221 | 160 | 125 | 112 | 107 | 99.77 | 95.64 |
| Total debt | 226 | 164 | 135 | 105 | 74.99 | 83.76 | 89.77 |
| Cash & bank | 1.39 | 1.14 | 1.55 | 1.39 | 1.34 | 1.62 | 3.03 |
| Net working capital | 251 | 177 | 143 | 115 | 106 | 123 | 124 |
| Cash flow | |||||||
| Cash from operations | 90.68 | 35.63 | 33.90 | 33.03 | 36.27 | 21.71 | 4.44 |
| 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 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 236 | 264 | 243 | 227 | 215 | 185 | 169 | 166 |
| Revenue growth (YoY) | +10.1% | +42.7% | +44.0% | +37.0% | +58.5% | - | - | - |
| Other income | 3.85 | 0.40 | 0.21 | 0.13 | 0.23 | 0.34 | 0.50 | 0.13 |
| Total expenses | 211 | 238 | 219 | 201 | 190 | 165 | 151 | 148 |
| EBITDA | 25.05 | 26.13 | 24.19 | 25.91 | 24.27 | 20.06 | 17.62 | 18.31 |
| EBITDA margin | +10.6% | +9.9% | +9.9% | +11.4% | +11.3% | +10.8% | +10.4% | +11.0% |
| Depreciation | 4.04 | 3.70 | 3.40 | 2.81 | 2.73 | 2.22 | 2.15 | 2.11 |
| Interest | 4.63 | 4.01 | 4.65 | 3.56 | 3.62 | 4.02 | 2.52 | 3.40 |
| Profit before tax | 20.23 | 18.82 | 16.35 | 19.67 | 18.15 | 14.16 | 13.45 | 12.93 |
| Tax | 5.14 | 2.43 | 2.62 | 4.92 | 5.34 | 4.02 | 3.45 | 2.74 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 258 | 280 | 277 | 227 | 215 | 185 | 169 | 166 |
| Revenue growth (YoY) | +20.3% | +51.2% | +64.2% | +37.0% | +58.5% | - | - | - |
| Other income | 7.86 | 1.08 | 0.21 | 0.13 | 0.23 | 0.34 | 0.50 | 0.13 |
| EBITDA | 13.22 | 7.71 | 24.26 | 25.89 | 24.22 | 19.90 | 17.62 | 18.31 |
| EBITDA margin | +5.1% | +2.8% | +8.7% | +11.4% | +11.3% | +10.8% | +10.4% | +11.0% |
| Depreciation | 4.71 | 3.85 | 4.45 | 2.81 | 2.73 | 2.22 | 2.15 | 2.11 |
| Interest | 4.74 | 4.09 | 4.71 | 3.56 | 3.62 | 4.02 | 2.52 | 3.40 |
| Profit before tax | 11.63 | 0.85 | 15.31 | 19.65 | 18.10 | 14.00 | 13.45 | 12.93 |
| Tax | 5.12 | 2.43 | 2.62 | 4.92 | 5.34 | 4.02 | 3.45 | 2.74 |
| Net profit | 6.51 | (1.58) | 12.69 | 14.73 | 12.76 | 9.98 | 10.00 | 10.19 |
| EPS (₹) | 1.70 | 1.51 | 7.56 | 8.57 | 7.42 | 5.82 | 5.83 | 5.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 999 | 655 | 518 |
| Revenue growth | +52.5% | +26.6% | - |
| Other income | 1.65 | 1.48 | 0.61 |
| Total expenses | 916 | 585 | 480 |
| Employee cost | 112 | 63.26 | 52.35 |
| EBITDA | 83.01 | 70.81 | 37.91 |
| EBITDA margin | +8.3% | +10.8% | +7.3% |
| Depreciation | 13.83 | 8.49 | 7.45 |
| Interest | 16.92 | 13.69 | 13.40 |
| Profit before tax | 53.91 | 50.11 | 17.67 |
| Tax | 15.31 | 13.00 | 5.18 |
| Net profit | 46.44 | 35.96 | 17.31 |
| Net profit margin | +4.7% | +5.5% | +3.3% |
| EPS (₹) | 13.10 | 21.62 | 7.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 6.87 | 3.43 | 3.43 |
| Reserves & surplus | 202 | 156 | 121 |
| Shareholders' funds (net worth) | 209 | 160 | 125 |
| Minority interest | (2.77) | 0.00 | 0.00 |
| Secured loans | 223 | 149 | 119 |
| Unsecured loans | 21.77 | 15.54 | 15.91 |
| Total debt | 245 | 164 | 135 |
| Total liabilities | 467 | 329 | 265 |
| Assets | |||
| Gross block | 250 | 150 | 132 |
| Net block | 196 | 107 | 89.62 |
| Capital work in progress | 10.42 | 12.13 | 22.44 |
| Investments | 0.13 | 0.13 | 0.13 |
| Inventories | 149 | 121 | 96.72 |
| Sundry debtors | 246 | 110 | 89.16 |
| Cash & bank balances | 4.98 | 1.13 | 1.55 |
| Loans & advances | 41.69 | 32.33 | 21.53 |
| Total current assets | 442 | 264 | 209 |
| Total current liabilities | 190 | 86.29 | 66.13 |
| Net working capital | 252 | 177 | 143 |
| Total assets | 467 | 329 | 265 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 1.13 | 1.55 | 1.39 |
| Net cash from operating activities | 85.81 | 35.63 | 33.90 |
| Net cash from investing activities | (90.07) | (25.31) | (19.47) |
| Net cash from financing activities | 8.11 | (10.74) | (14.26) |
| Net change in cash | 3.85 | (0.42) | 0.16 |
| Closing cash | 4.98 | 1.13 | 1.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +52.5% | +26.6% | - |
| EBITDA growth | +17.2% | +86.8% | - |
| PBT growth | +7.6% | +183.6% | +9997.0% |
| Net income growth | +29.1% | +107.7% | - |
| 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 / equity | 1.11 | 1.05 | 1.08 |
| Long-term debt / equity | 0.19 | 0.21 | 0.23 |
| Interest cover | 24.46 | 21.97 | 43.99 |
| Efficiency & per share | |||
| Fixed asset turnover | 4.99 | 4.65 | 3.94 |
| Inventory turnover | 7.41 | 6.03 | 5.35 |
| Debtors turnover | 5.61 | 6.60 | 5.80 |
| EPS (₹) | 13.10 | 21.62 | 7.30 |
| Dividend per share (₹) | 1.40 | 2.00 | 1.20 |
| Book value per share (₹) | 60.68 | 93.14 | 72.66 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 236 | 264 | 243 | 227 | 215 | 185 | 169 | 166 |
| Revenue growth (YoY) | +10.1% | +42.7% | +44.0% | +37.0% | +58.5% | - | - | - |
| Other income | 3.85 | 0.40 | 0.21 | 0.13 | 0.23 | 0.34 | 0.50 | 0.13 |
| Total expenses | 211 | 238 | 219 | 201 | 190 | 165 | 151 | 148 |
| EBITDA | 25.05 | 26.13 | 24.19 | 25.91 | 24.27 | 20.06 | 17.62 | 18.31 |
| EBITDA margin | +10.6% | +9.9% | +9.9% | +11.4% | +11.3% | +10.8% | +10.4% | +11.0% |
| Depreciation | 4.04 | 3.70 | 3.40 | 2.81 | 2.73 | 2.22 | 2.15 | 2.11 |
| Interest | 4.63 | 4.01 | 4.65 | 3.56 | 3.62 | 4.02 | 2.52 | 3.40 |
| Profit before tax | 20.23 | 18.82 | 16.35 | 19.67 | 18.15 | 14.16 | 13.45 | 12.93 |
| Tax | 5.14 | 2.43 | 2.62 | 4.92 | 5.34 | 4.02 | 3.45 | 2.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 949 | 655 | 518 | 359 | 372 | 305 | 300 |
| Revenue growth | +44.8% | +26.6% | +44.1% | -3.5% | +22.0% | +1.8% | - |
| Other income | 0.96 | 1.48 | 0.61 | 0.26 | 0.34 | 0.36 | 0.48 |
| Total expenses | 848 | 584 | 480 | 354 | 349 | 285 | 262 |
| Employee cost | 78.90 | 63.26 | 52.35 | 39.07 | 36.64 | 32.74 | 29.80 |
| EBITDA | 101 | 70.96 | 37.91 | 4.67 | 22.66 | 20.00 | 37.99 |
| EBITDA margin | +10.6% | +10.8% | +7.3% | +1.3% | +6.1% | +6.6% | +12.7% |
| Depreciation | 12.64 | 8.49 | 7.45 | 5.14 | 4.49 | 3.83 | 4.07 |
| Interest | 16.39 | 13.69 | 13.40 | 8.50 | 7.35 | 9.18 | 8.15 |
| Profit before tax | 72.96 | 50.26 | 17.67 | (8.71) | 11.16 | 7.35 | 26.25 |
| Tax | 15.31 | 13.00 | 5.18 | (2.32) | 3.36 | 2.03 | 7.76 |
| Net profit | 59.23 | 36.11 | 17.31 | 4.34 | 7.78 | 5.32 | 18.48 |
| Net profit margin | +6.2% | +5.5% | +3.3% | +1.2% | +2.1% | +1.7% | +6.2% |
| EPS (₹) | 16.78 | 21.71 | 7.30 | (3.72) | 4.71 | 3.22 | 11.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 6.87 | 3.43 | 3.43 | 3.42 | 3.31 | 3.31 | 3.31 |
| Reserves & surplus | 214 | 157 | 121 | 108 | 104 | 96.46 | 92.33 |
| Shareholders' funds (net worth) | 221 | 160 | 125 | 112 | 107 | 99.77 | 95.64 |
| Secured loans | 208 | 149 | 119 | 94.87 | 66.78 | 83.76 | 89.77 |
| Unsecured loans | 17.57 | 15.54 | 15.91 | 9.88 | 8.21 | 0.00 | 0.00 |
| Total debt | 226 | 164 | 135 | 105 | 74.99 | 83.76 | 89.77 |
| Total liabilities | 454 | 330 | 265 | 222 | 188 | 189 | 190 |
| Assets | |||||||
| Gross block | 218 | 149 | 132 | 116 | 79.72 | 68.33 | 57.06 |
| Net block | 167 | 107 | 89.62 | 79.53 | 48.07 | 40.61 | 33.04 |
| Capital work in progress | 9.18 | 12.13 | 22.44 | 20.72 | 27.95 | 19.85 | 17.98 |
| Investments | 18.30 | 0.42 | 0.13 | 0.13 | 0.13 | 0.10 | 6.10 |
| Inventories | 135 | 121 | 96.72 | 92.44 | 77.02 | 68.54 | 69.27 |
| Sundry debtors | 227 | 110 | 89.16 | 67.56 | 67.78 | 87.74 | 81.04 |
| Cash & bank balances | 1.39 | 1.14 | 1.55 | 1.39 | 1.34 | 1.62 | 3.03 |
| Loans & advances | 41.48 | 32.33 | 21.53 | 24.17 | 18.30 | 16.76 | 23.65 |
| Total current assets | 405 | 264 | 209 | 186 | 164 | 175 | 177 |
| Total current liabilities | 154 | 86.42 | 66.13 | 70.41 | 58.28 | 51.97 | 52.75 |
| Net working capital | 251 | 177 | 143 | 115 | 106 | 123 | 124 |
| Total assets | 454 | 330 | 265 | 222 | 188 | 189 | 190 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.13 | 1.55 | 1.39 | 1.34 | 1.62 | 3.03 | 1.70 |
| Net cash from operating activities | 90.68 | 35.63 | 33.90 | 33.03 | 36.27 | 21.71 | 4.44 |
| 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 cash | 0.26 | (0.42) | 0.16 | 0.05 | (0.28) | (1.41) | 1.33 |
| Closing cash | 1.39 | 1.14 | 1.55 | 1.39 | 1.34 | 1.62 | 3.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +44.8% | +26.6% | +44.1% | -3.5% | +22.0% | +1.8% | - |
| EBITDA growth | +42.4% | +87.2% | +711.8% | -79.4% | +13.3% | -47.4% | - |
| 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% | - |
| 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 / equity | 1.02 | 1.05 | 1.02 | 0.82 | 0.77 | 0.89 | 0.88 |
| Long-term debt / equity | 0.17 | 0.21 | 0.22 | 0.21 | 0.16 | 0.13 | 0.18 |
| Interest cover | 18.54 | 21.91 | 43.99 | -1,808.51 | 40.45 | 56.77 | 24.03 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.17 | 4.68 | 4.19 | 3.67 | 5.03 | 4.87 | 5.77 |
| Inventory turnover | 7.42 | 6.03 | 5.47 | 4.24 | 5.11 | 4.43 | 4.86 |
| Debtors turnover | 5.64 | 6.60 | 6.60 | 5.31 | 4.79 | 3.62 | 4.15 |
| EPS (₹) | 16.78 | 21.71 | 7.30 | (3.72) | 4.71 | 3.22 | 11.16 |
| Dividend per share (₹) | 1.40 | 2.00 | 1.20 | 0.00 | 0.40 | 0.40 | 0.80 |
| Book value per share (₹) | 64.38 | 93.23 | 72.66 | 65.24 | 64.87 | 60.24 | 57.74 |
To see the full year-wise statements and ratios of Hind Rectifiers Limited, buy the company report.
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.
Peer comparison
Hind Rectifiers Limited is compared with the 5 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hind Rectifiers Limitedthis company | ₹999.13 Cr (FY 2026) | ₹46.44 Cr | 4.6% | 52.5% | 567 | Mumbai, Maharashtra, India |
| Siemens Gamesa Renewable Power Private Limited | ₹704.45 Cr (FY 2025) | 39.0% | Chennai, Tamil Nadu, India | |||
| Weg Industries (India) Private Limited | ₹686.39 Cr (FY 2025) | 8.0% | Bangalore, Karnataka, India | |||
| Solex Energy Limited | ₹663.64 Cr (FY 2025) | 80.0% | Surat, Gujarat, India | |||
| Indo-Tech Transformers Limited | ₹628.22 Cr (FY 2025) | 23.0% | Kancheepuram, Tamil Nadu, India | |||
| Hitachi Hi-Rel Power Electronics Private Limited | ₹609.02 Cr (FY 2024) | 30.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Hind Rectifiers Limited, buy the company report.
Auditor
Hind Rectifiers Limited is audited by M/s GMJ & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s GMJ & Co | FY 2024 | 103429W |
Shareholding
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%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 43.90% | 43.90% | 43.90% | 43.90% |
| Public | 56.10% | 56.10% | 56.10% | 56.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2024 | 101015130 | Others | ₹41.9 Cr | Open | |
| 27 Sep 2024 | 100985354 | Standard Chartered Bank | ₹65 Lakh | Open | |
| 20 Jun 2024 | 100946131 | Others | ₹1.3 Cr | Open | |
| 19 Jan 2024 | 100913139 | Others | ₹50 Lakh | Open | |
| 09 Mar 2022 | 100555596 | Hdfc Bank Limited | ₹16.72 Lakh | Open |
To see the full charge records of Hind Rectifiers Limited, buy the company report.
Total charge records: 59 View all charges
Legal cases
Hind Rectifiers Limited has 56 court cases on record: 32 filed by Hind Rectifiers, 24 filed against it. 2 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 13 | 1 |
| High courts | 24 | 10 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMIP) | Filed by the company against Chrome21 India Private Limited and 2 Ors. and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by High Volt Electricals Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Patton International Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Sterling and Wilson Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S. Bhushan Steel Ltd | Disposed |
To see the full case history of Hind Rectifiers Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Hind Rectifiers Limited was last rated by Crisil on 10 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Feb 2020 |
To see the full credit ratings and regulatory alerts of Hind Rectifiers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hind Rectifiers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hind Rectifiers Limited has a workforce of 567 employees on its EPFO records as of Apr 05, 2024, across 4 active EPFO establishments.
GST
Hind Rectifiers has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH1781Q1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACH1781Q2Z3 | Maharashtra | Active | 10 Aug 2018 |
| 05AAACH1781Q1ZA | Uttarakhand | Active | 01 Jul 2017 |
| 19AAACH1781Q1Z1 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hind Rectifiers Limited, buy the company report.
Recent activity
Hind Rectifiers Limited has 34 board changes on record since 1973: 21 appointments and 13 cessations. The latest: Manoj Rajgopalan Nair was appointed as CEO on 09 Nov 2025.
146 earlier events are in the company report.
News
Frequently asked questions
Hind Rectifiers is an active public limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 25 April 1958 (68+ years old) and is registered under CIN L28900MH1958PLC011077. Listed on BSE: 504036 and NSE: HIRECT.
Hind Rectifiers reported revenue of ₹999.13 Cr for FY 2025-26 (up 52.5% YoY) based on consolidated financials.
Hind Rectifiers has 6 current directors:
- Suramya Saurabh Nevatia - Managing Director
- Akshada Suramya Nevatia - Whole-Time Director
- Parimal Merchant - Director
- Ashlesha Rajeev Bodas - Director
- Vandan Sitaram Shah - Director
- Vishal Pradip Kumar Pacheriwala - Director
The latest financial statements of Hind Rectifiers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hind Rectifiers is 27AAACH1781Q1Z4, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAACH1781Q2Z3 (Maharashtra), 05AAACH1781Q1ZA (Uttarakhand), 19AAACH1781Q1Z1 (West Bengal).
The CIN (Corporate Identification Number) of Hind Rectifiers is L28900MH1958PLC011077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Hind Rectifiers is a listed company as per MCA records. Its shares are listed on both BSE (code: 504036) and NSE (symbol: HIRECT).
Hind Rectifiers has 56 court cases on record: 32 filed by the company and 24 filed against it. 2 are pending. Most are in the district courts.
Hind Rectifiers was incorporated on 25 April 1958, making it 68+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Hind Rectifiers by revenue are Siemens Gamesa Renewable Power Private Limited, Weg Industries (India) Private Limited, Solex Energy Limited, Indo-Tech Transformers Limited, Hitachi Hi-Rel Power Electronics Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Manoj Rajgopalan Nair was appointed as CEO on 09 Nov 2025. Pradeep Vedprakash Goyal ceased to be Director on 13 Aug 2024. Vijay Kumar Bhartia ceased to be Director on 13 Aug 2024. Hind Rectifiers has 34 board changes on record in total.

