Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Hind Rectifiers Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 112 | 98 | 132 | 137 | 151 | 136 | 166 | 169 | 185 | 215 | 227 | 243 | 264 |
| Expenses + | 101 | 91 | 121 | 123 | 138 | 121 | 148 | 151 | 165 | 190 | 201 | 218 | 237 |
| Operating Profit | 11 | 7 | 11 | 13 | 14 | 14 | 18 | 18 | 20 | 24 | 26 | 25 | 27 |
| OPM % | 10% | 7% | 8% | 10% | 9% | 11% | 11% | 10% | 11% | 11% | 11% | 10% | 10% |
| Other Income + | -11 | 0 | 0 | -7 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | -1 | -0 |
| Interest | 2 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 4 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 |
| Profit before tax | -3 | 3 | 6 | 1 | 8 | 10 | 13 | 13 | 14 | 18 | 20 | 16 | 19 |
| Tax % | -24% | 28% | 34% | -14% | 34% | 29% | 21% | 26% | 28% | 29% | 25% | 16% | 13% |
| Net Profit + | -2 | 2 | 4 | 2 | 5 | 7 | 10 | 10 | 10 | 13 | 15 | 14 | 16 |
| EPS in Rs | -0.72 | 0.56 | 1.16 | 0.44 | 1.49 | 2.02 | 2.97 | 2.92 | 2.96 | 3.73 | 4.29 | 3.99 | 4.77 |
Financials of Hind Rectifiers Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 94 | 94 | 111 | 126 | 255 | 300 | 305 | 372 | 359 | 518 | 655 | 949 |
| Expenses + | 96 | 92 | 107 | 116 | 229 | 262 | 285 | 349 | 344 | 473 | 584 | 847 |
| Operating Profit | -2 | 2 | 5 | 10 | 26 | 38 | 20 | 23 | 15 | 45 | 71 | 103 |
| OPM % | -3% | 2% | 4% | 8% | 10% | 13% | 7% | 6% | 4% | 9% | 11% | 11% |
| Other Income + | 0 | 1 | -7 | 0 | 1 | 0 | 0 | 0 | -10 | -6 | 1 | -1 |
| Interest | 2 | 3 | 5 | 6 | 8 | 8 | 9 | 7 | 8 | 13 | 14 | 16 |
| Depreciation | 1 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 5 | 7 | 8 | 13 |
| Profit before tax | -6 | -2 | -10 | 2 | 17 | 26 | 7 | 11 | -9 | 18 | 50 | 73 |
| Tax % | -40% | -31% | -27% | 35% | 29% | 30% | 28% | 30% | -27% | 29% | 26% | 21% |
| Net Profit + | -4 | -2 | -7 | 1 | 12 | 18 | 5 | 8 | -6 | 13 | 37 | 58 |
| EPS in Rs | -1.08 | -0.46 | -2.15 | 0.40 | 3.56 | 5.58 | 1.61 | 2.36 | -1.86 | 3.65 | 10.87 | 16.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 6% | 7% | 12% | 8% | 0% | 16% | 9% | 0% |
Financials of Hind Rectifiers Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 7 |
| Reserves | 60 | 59 | 50 | 63 | 75 | 92 | 96 | 104 | 108 | 121 | 157 | 214 |
| Borrowings + | 26 | 32 | 41 | 51 | 64 | 90 | 84 | 75 | 105 | 135 | 164 | 226 |
| Other Liabilities + | 26 | 30 | 19 | 35 | 43 | 57 | 57 | 64 | 76 | 71 | 93 | 165 |
| Total Liabilities | 116 | 123 | 113 | 153 | 185 | 243 | 241 | 246 | 292 | 331 | 418 | 613 |
| Fixed Assets + | 18 | 21 | 20 | 27 | 26 | 33 | 41 | 48 | 80 | 90 | 107 | 173 |
| CWIP | 1 | 2 | 5 | 4 | 14 | 18 | 20 | 28 | 21 | 22 | 12 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 18 |
| Other Assets + | 96 | 101 | 88 | 121 | 144 | 185 | 180 | 170 | 192 | 219 | 298 | 418 |
| Total Assets | 116 | 123 | 113 | 153 | 185 | 243 | 241 | 246 | 292 | 331 | 418 | 613 |
Financials of Hind Rectifiers Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | 5 | -3 | -4 | 6 | 4 | 22 | 36 | 33 | 34 | 36 | 91 |
| Cash from Investing Activity + | -3 | -5 | -4 | -10 | -10 | -22 | -8 | -20 | -29 | -19 | -25 | -85 |
| Cash from Financing Activity + | 0 | 3 | 4 | 15 | 3 | 19 | -15 | -17 | -4 | -14 | -11 | -6 |
| Net Cash Flow | -0 | 4 | -3 | 1 | -1 | 1 | -1 | -0 | 0 | 0 | -0 | 0 |
| Free Cash Flow | -1 | 1 | -7 | -14 | -4 | -11 | 8 | 16 | 4 | 20 | 14 | 20 |
| CFO/OP | -85% | 269% | -84% | -37% | 31% | 22% | 118% | 170% | 218% | 76% | 61% | 101% |
Financials of Hind Rectifiers Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 221 | 174 | 117 | 161 | 90 | 99 | 105 | 66 | 69 | 63 | 61 | 87 |
| Inventory Days | 117 | 180 | 126 | 143 | 106 | 121 | 106 | 97 | 121 | 92 | 92 | 69 |
| Days Payable | 97 | 124 | 57 | 115 | 65 | 69 | 65 | 60 | 69 | 45 | 46 | 57 |
| Cash Conversion Cycle | 241 | 230 | 185 | 188 | 132 | 151 | 146 | 104 | 120 | 110 | 107 | 99 |
| Working Capital Days | 131 | 125 | 63 | 81 | 60 | 57 | 58 | 50 | 34 | 24 | 25 | 24 |
| ROCE % | -4% | 1% | 3% | 8% | 19% | 21% | 9% | 10% | 5% | 16% | 22% | 24% |