K
Power Semiconductors

Hind Rectifiers

HIRECTNSESmall Cap
Live₹948.1syncing…

Industrial power semiconductors and rectifiers, with railway traction systems exposure.

Market Cap
₹3.3k cr
Price
948
1Y 8%
Direct exposure
60/100
0–100 directness
Hold / Watchlist
Fundamental
74/ 100
B+

Quality of growth, returns, cash conversion and balance sheet

Technical (TQ-100)
40/ 100
D

Trend, momentum, volume and relative strength composite

Valuation
52/ 100

Higher = cheaper vs peers and own history

Final composite
61/ 100

Blended decision input

Data transparency

What's real, what's pending, on this page

Real financials loaded
✓ Real / verified
  • · Live price, day change, market cap — NSE direct
  • · 1Y OHLCV, RSI(14), 50/200 DMA, 1M/3M/1Y returns, RS vs Nifty — computed from real NSE OHLCV
  • · Sector P/E — NSE direct
  • · Promoter %, pledge %, MF/FII/public split, 9-quarter history — Trendlyne
  • · Earnings call AI summaries — Trendlyne (where available)
  • · Technical (TQ-100) score — computed from real OHLCV
  • · Annual revenue / EBITDA / PAT / OCF / FCF / equity / assets — Trendlyne (audited annuals)
⚠ Analyst-set (qualitative)
  • · Segment classification + semicon directness score — analyst seed
  • · Bull/bear case + monitorables (curated thesis) — analyst seed
  • · Governance risk score (seed) — being replaced by AI-agent assessment
  • · Synthesized 5Y forecast removed entirely (was inaccurate)
Real financials extracted for 42 of 45 companies. See /data-sources for full provenance.
Hind Rectifiers · HIRECT
948.1+8.06% over 6M
Price50 DMA200 DMA
RSI (14)
Momentum oscillator · 6M view
Volume (60D)
Fundamental score (SageOne 100)
74/ 100B+

Growth 20 / Margin 15 / ROC 20 / Cash 15 / Leverage 10 / Reinvestment 8 / Accounting 7 / Governance 5 minus red flags (capped -20).

Base 74
Growth quality/ 20
15.9
Rev 1Y 26.8% · 3Y CAGR 20.8%
Margin & profitability/ 15
3.8
EBITDA 6.8% · PAT 5.7%
Return on capital/ 20
18.6
ROCE 31% · ROE 30%
Cash flow quality/ 15
9.2
OCF/EBITDA 76% · FCF yield 0.4%
Leverage discipline/ 10
8.7
Net Debt/EBITDA 0.40x
Reinvestment runway/ 8
7.6
ROCE × retention proxy
Accounting quality/ 7
6.6
OCF conversion proxy
Governance/ 5
4.0
Pledge 0.0% · Risk 20/100
✓ Computed from real Trendlyne annuals (revenue, EBITDA, PAT, OCF, equity).
Technical score (TQ-100)
40/ 100D

Computed from real 1Y OHLCV pulled from NSE direct: trend, momentum, volume, RS vs Nifty, MA cluster, mean reversion, volatility, patterns minus red flags.

Base 50
Red flags -10
Trend structure/ 20
7.2
Below 200DMA · -10% from 52W high
Momentum velocity/ 15
8.3
RSI(14) 46 · 1M -2.0%
Volume dynamics/ 15
8.3
Bucket: Small Cap
Relative strength/ 15
5.5
RS vs Nifty -8%
MA cluster/ 10
4.5
200DMA + 1Y trend confirmation
Mean-reversion runway/ 10
7.0
RSI(14) 46; ideal 50-60
Volatility profile/ 8
4.8
Bucket: Small Cap
Pattern integrity/ 7
4.2
Trend continuation proxy
Red flags (1)
  • Below 200 DMALong-term trend broken-10

AI research agents

Re-classify segment exposure and re-assess governance risk by running fresh AI agents on the latest data. Results cache to data/agents.json.

Segment classifier
Maps to value-chain segments + computes 0-100 directness
Seed: Power Semiconductors · 60/100
Governance assessor
Forensic-accounting flags + 0-100 risk score
Seed: 20/100 risk

AI thesis

Generates a fresh thesis grounded in this company's data. Wires to Anthropic when ANTHROPIC_API_KEY is set, otherwise returns a deterministic mock.

Curated thesis

Analyst-set bull, bear and monitorables · use AI thesis above for a fresh take

Quietly profitable power-semis play with railway tailwinds; under-the-radar but undervalued vs peers.

Bull case
  • +Railway capex tailwind
  • +Improving margin profile
  • +Reasonable valuation vs growth
Bear case
  • Order lumpiness
  • Liquidity
  • Limited semicon disclosure
Key monitorables
Railway order bookSemicon revenue splitMargin sustainability

Semiconductor exposure

How direct, how visible

Primary segment
Power Semiconductors
All segments
Power Semiconductors, Power & Infrastructure
Exposure type
Indirect / pull-through
Policy beneficiary
Possible
Import substitution
High
Governance risk score
20/100 (lower = better)

Financial snapshot

Latest reported metrics · mock data, ready for live financials

Rev growth (1Y)
26.8%
Rev CAGR (3Y)
20.8%
EBITDA margin
6.8%
PAT margin
5.7%
ROCE
31%
ROE
30%
OCF / EBITDA
76%
Net Debt / EBITDA
0.4x
Promoter holding
71.0%
Promoter pledge
0.0%
Valuation
P/E (TTM)
61.5
Forward P/E
28.0
EV/EBITDA
72.6
EV/Sales
5.0
P/B
26.2
FCF Yield
0.4%
Dividend Yield
0.30%
Hist. percentile
55%
Peer percentile
50%
Technicals
RSI(14)
46
1M return
-2.0%
1Y return
8%
From 52W high
-10%
RS vs Nifty
-8%
>200 DMA
No
Annual financials — real data

Extracted from Trendlyne · audited annuals · TTM + last 6 fiscal years

✓ Real
LineTTMFY25FY24FY23FY22FY21FY20
Revenue₹871 cr₹657 cr₹518 cr₹359 cr₹372 cr₹306 cr₹300 cr
↳ YoY growth+32.6%+26.8%+44.2%-3.5%+21.9%+1.8%
EBITDA₹72 cr₹45 cr₹15 cr₹23 cr₹20 cr₹38 cr₹26 cr
↳ EBITDA margin8.3%6.8%3.0%6.3%5.3%12.3%8.6%
PAT₹51 cr₹37 cr₹13 cr₹-6 cr₹8 cr₹5 cr₹19 cr
↳ PAT margin5.9%5.7%2.4%-1.8%2.1%1.7%6.2%
OCF₹36 cr₹34 cr₹8 cr₹36 cr₹23 cr₹4 cr₹7 cr
↳ OCF / EBITDA49.4%75.5%53.2%161.3%116.1%11.7%25.1%
FCF (= OCF − capex)₹10 cr₹14 cr₹-21 cr₹16 cr₹15 cr₹-17 cr₹-4 cr
Total Equity₹160 cr₹125 cr₹112 cr₹107 cr₹100 cr₹96 cr₹78 cr
Total Assets₹418 cr₹331 cr₹292 cr₹246 cr₹241 cr₹243 cr₹185 cr
↳ ROE32.1%30.0%11.2%-6.0%7.8%5.5%23.7%
↳ ROA12.3%11.3%4.3%-2.6%3.2%2.2%10.0%
Source: Trendlyne (Standalone where Consolidated unavailable). Last refresh on real-data ingest.
Promoter pledge & shareholding history

From Trendlyne · 9 quarters · synced Invalid Date

Pledge: 6.8%
Promoter
43.9%
Mutual Funds
0.0%
FII
6.4%
Public
49.6%
Promoter holding trend
44.1
Mar
44.1
Jun
44.0
Sep
44.0
Dec
44.0
Mar
43.9
Jun
43.9
Sep
43.9
Dec
43.9
Mar
Δ:-0.2% over 9 quarters
Commentary
  • ·Promoter holding stable at ~44%
  • ·Pledge of 6.8% emerged in Jun 2025 — material flag
Management quality

Capital allocation, debt discipline, alignment, governance composite. Computed from disclosed metrics.

Capital allocation
Sustained high return on capital indicates disciplined reinvestment.
ROCE 31%, div yield 0.3%
Promoter holding
Promoter has strong skin in the game.
71.0%
Promoter pledge
No pledging — cleanest signal.
0.0%
Debt discipline
Comfortable leverage band.
Net Debt/EBITDA 0.40x
Cash conversion
Reported EBITDA reliably translates into cash.
OCF/EBITDA 76%
Governance composite
Some watchpoints; nothing disqualifying.
20/100 risk
Variant perception

What the market is pricing in versus our read, and what would invalidate the thesis.

What the market is pricing in

Steady but unspectacular execution. Multiples reflect mid-pack expectations.

What we think it's missing

Consensus appears reasonable. Look for thesis-changing catalysts (margin inflection, new customer wins, segment mix shift) rather than narrative re-rating alone.

Thesis killers
  • ×Demand cycle softens enough to derail margin expansion