Financials Hind Rectifiers Limited

Equities

HIRECT

INE835D01023

Electronic Equipment & Parts

Delayed Bombay S.E. 02:36:25 2024-04-30 am EDT 5-day change 1st Jan Change
730.2 INR -0.50% Intraday chart for Hind Rectifiers Limited -2.87% +35.17%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 2,191 1,886 1,954 1,972 3,074 3,329
Enterprise Value (EV) 1 2,697 2,520 2,837 2,808 3,821 4,375
P/E ratio 167 x 16 x 10.6 x 37 x 39.7 x -50.6 x
Yield - 0.35% 0.68% 0.34% 0.22% -
Capitalization / Revenue 1.72 x 0.74 x 0.65 x 0.65 x 0.83 x 0.93 x
EV / Revenue 2.12 x 0.99 x 0.95 x 0.92 x 1.03 x 1.22 x
EV / EBITDA 28.3 x 10.2 x 7.63 x 14.7 x 17.9 x 165 x
EV / FCF -11.8 x -13.8 x -10.6 x -61.5 x 44.2 x -15.5 x
FCF Yield -8.47% -7.23% -9.39% -1.63% 2.26% -6.46%
Price to Book 3.31 x 2.41 x 2.04 x 1.98 x 2.86 x 2.98 x
Nbr of stocks (in thousands) 16,564 16,564 16,564 16,564 16,564 17,124
Reference price 2 132.3 113.8 118.0 119.0 185.6 194.4
Announcement Date 7/18/18 7/12/19 8/17/20 7/17/21 7/13/22 7/28/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,271 2,551 2,996 3,051 3,721 3,591
EBITDA 1 95.39 248.1 371.6 191.2 213.8 26.57
EBIT 1 76.64 227.1 345.7 162.6 182.6 -8.136
Operating Margin 6.03% 8.9% 11.54% 5.33% 4.91% -0.23%
Earnings before Tax (EBT) 1 20.18 166.5 262.4 73.63 111.6 -86.84
Net income 1 13.14 117.9 184.8 53.31 77.98 -63.63
Net margin 1.03% 4.62% 6.17% 1.75% 2.1% -1.77%
EPS 2 0.7936 7.118 11.16 3.219 4.680 -3.840
Free Cash Flow 1 -228.6 -182.3 -266.4 -45.64 86.47 -282.4
FCF margin -17.99% -7.14% -8.89% -1.5% 2.32% -7.87%
FCF Conversion (EBITDA) - - - - 40.44% -
FCF Conversion (Net income) - - - - 110.88% -
Dividend per Share - 0.4000 0.8000 0.4000 0.4000 -
Announcement Date 7/18/18 7/12/19 8/17/20 7/17/21 7/13/22 7/28/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 506 634 883 836 747 1,046
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.305 x 2.555 x 2.376 x 4.374 x 3.494 x 39.38 x
Free Cash Flow 1 -229 -182 -266 -45.6 86.5 -282
ROE (net income / shareholders' equity) 2.2% 16.3% 21.3% 5.46% 7.53% -5.81%
ROA (Net income/ Total Assets) 3.6% 8.42% 10.1% 4.2% 4.69% -0.19%
Assets 1 364.7 1,401 1,826 1,268 1,664 33,702
Book Value Per Share 2 40.00 47.20 57.70 60.20 64.90 65.20
Cash Flow per Share 2 0.1900 0.1500 0.9000 0.0700 0.1600 0.0700
Capex 1 106 116 151 133 201 294
Capex / Sales 8.33% 4.55% 5.03% 4.35% 5.39% 8.19%
Announcement Date 7/18/18 7/12/19 8/17/20 7/17/21 7/13/22 7/28/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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