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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Hind Rectifiers Limited is an India-based company, which is engaged in developing, designing, manufacturing, and marketing power semiconductors, power electronic equipment and railway transportation equipment. The Company is engaged in designing, manufacturing, and marketing…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced.
HIND RECTIFIERS is scored on the commodity / cyclical framework. It keeps a thin 3.9% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.22× reported profit. Free cash flow is worth about -0.1% of its market value.
Over the last 2 years revenue compounded at 39%/yr and profit at 76%/yr. Book value itself has compounded 29%/yr — the hallmark of a genuine compounder. Return on equity is an elite 21.6%.
At 71× earnings, the stock sits at the 31st percentile of its own 2.6-year range — the middle of where it has historically traded. Today's price already implies ~32%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 101.78 | 28.09 | worse |
| P/B | 10.67 | 6.18 | worse |
| EV/EBITDA | 46.45 | 18.03 | worse |
| ROE | 21.58 | 6.94 | better |
| ROCE | 15.42 | 11.6 | better |
| ROA | 4.88 | — | — |
| Quick Ratio | 0.74 | 1.61 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| LG Electronics India | 61.9 | 13.5 | 21.9% |
| Dixon Techno | 44.2 | 13.1 | 26.4% |
| Havells India | 42.4 | 7.2 | 17.0% |
Revenue has grown every year across all 3 financial years shown. 39% CAGR over 2 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (76% vs 39%) — margin expansion is at work.
Operating margin has expanded from 3% to 5% — the business is keeping more of each rupee earned.
ROE at 19% — a respectable return on shareholder capital. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Capital efficiency improving — ROE up 9pp across the window.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (76% vs 34%) — share dilution is eroding per-share value. 34% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.2× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 6% QoQ — could be seasonality or a genuine slowdown.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 509% QoQ — check if this is operating leverage or a one-off item. Quarterly margins are compressing (6% → 2%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 2.6y median.
Promoters at 42.6% — dispersed ownership; institutional flows drive the stock. Promoters reduced 1.3pp over 4 quarters — watch whether this is planned divestment or pledge invocations. MF holding up 3.1pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.