Hind Rectifiers Limited, a small-cap company specializing in power semiconductors, electronic equipment, and railway transportation solutions, has seen its shares rise by over 4% after securing an order worth ₹98 crore from Indian Railways. The order is to be fulfilled by the financial years 2025-26.
At the start of Friday’s trading session, the shares opened at ₹887.55 per share, the same as the previous day’s closing on the BSE. By 9:20 AM, shares were trading 4.04% higher at ₹904.00 on the NSE. The company’s market capitalization stands at around ₹1,489.45 crore, with the stock delivering over 150% returns in the last year.
Company Overview and Product Range
Hind Rectifiers focuses on developing and manufacturing a wide array of products for the railway and power sectors, including traction and auxiliary transformers, propulsion systems, auxiliary converters, battery chargers, rectifiers, traction motors, switchboards, and HVAC systems for rolling stock. The new contract from Indian Railways is a significant addition to the company’s current operations.
Financial Performance Overview
In Q1 FY25, Hind Rectifiers recorded a revenue of ₹135.53 crore, representing a 39% year-on-year (YoY) increase from ₹97.58 crore. The operating profit stood at ₹14.48 crore, with an operating margin of around 10.68%. The net profit for Q1 FY25 was ₹6.93 crore, a 260% YoY increase compared to ₹1.90 crore in the previous year’s quarter.
On an annual basis, the company generated ₹518 crore in revenue for FY24, up from ₹359 crore in FY23. The operating profit reached ₹45 crore, with a net profit of ₹13 crore.
Shareholding Pattern
As per the latest shareholding data, promoters hold a 44.05% stake in Hind Rectifiers, while public investors own 50.13%. Notably, ace investor Mukul Agrawal increased his stake to 1.30% from 1.24%, and Foreign Institutional Investors (FIIs) have also slightly increased their stake from 5.76% to 5.82% in Q1 FY25.
The company’s shares surged almost 5% on the news of the new contract, highlighting investor optimism around Hind Rectifiers’ growth and continued performance in the railway and power sectors.
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