Rs 893 Crore Order Book: Mukul Agarwal Backed Power Electronics Manufacturer Reports 197 Per Cent PAT Growth in FY25
The stock price has given 32 per cent returns in last 12 months while in 5 years it has given 677 per cent returns.
Hind Rectifiers Limited, a Small-Cap engineering and power electronics manufacturer, has reported a strong financial performance for the fiscal year ending March 31, 2025. The company achieved a 197 per cent year-on-year (YoY) increase in profit after tax (PAT), reaching Rs 37.1 crore, while total income rose by 27 per cent to Rs 656.8 crore. This robust growth was supported by an enhanced product mix, improved operational efficiencies, and better cost control, resulting in a 220 basis point improvement in EBITDA margin to 10.9 per cent.
A significant contributor to the company’s performance has been its deep engagement in the railway sector. Hind Rectifiers’ strong order book stands at Rs 893 crore, backed by the expansion of Indian Railways and government-led infrastructure initiatives. The company delivered several key projects, including propulsion systems for Indian Railways and HVAC systems for LHB coaches. In addition to core manufacturing, Hind Rectifiers is exploring diversification through technology-focused subsidiaries in areas such as Information Technology, Artificial Intelligence, and Web3.
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The company made a capital expenditure of Rs 43 crore in FY25 for backward integration and the development of new products. According to Suramya Nevatia, MD & Chairman, “FY25 has been a landmark year for Hind Rectifiers, marked by record-breaking order inflows, strong revenue growth, and significant margin expansion.”
As of May 05, 2025, the stock trades at Rs 937.55. It has touched a 52-week high of Rs 1,552.5 and a low of Rs 627.1. With a market capitalization of Rs 1,513 crore, the stock has delivered a 1-year return of 30.8 per cent and a 3-year return of 384.65 per cent, reflecting multibagger potential over the long term. The company currently trades at a Price-Earnings (PE) ratio of 46.94.
Established in 1958, Hind Rectifiers operates manufacturing units in Mumbai, Nasik, and Dehradun, employing over 950 people. It exports to more than 30 countries and has international offices in Sweden and the UAE. Major public shareholders include Btr Industries Ltd (13.98 per cent), Niraj Bajaj (1.75 per cent), Mukul Mahavir Agrawal (1.46 per cent), and others.
Disclaimer: The article is for informational purposes only and not investment advice.