Hind Rectifiers Limited (HIRECT) - Net Assets

Latest as of September 2025: Rs1.90 Billion INR ≈ $20.57 Million USD

Based on the latest financial reports, Hind Rectifiers Limited (HIRECT) has net assets worth Rs1.90 Billion INR (≈ $20.57 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.05 Billion ≈ $54.56 Million USD) and total liabilities (Rs3.14 Billion ≈ $33.99 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Hind Rectifiers Limited (HIRECT) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.90 Billion
% of Total Assets	37.7%
Annual Growth Rate	12.62%
5-Year Change	60.24%
10-Year Change	158.53%
Growth Volatility	15.85

Hind Rectifiers Limited - Net Assets Trend (2006–2025)

This chart illustrates how Hind Rectifiers Limited's net assets have evolved over time, based on quarterly financial data. Also explore Hind Rectifiers Limited assets under control for the complete picture of this company's asset base.

Annual Net Assets for Hind Rectifiers Limited (2006–2025)

The table below shows the annual net assets of Hind Rectifiers Limited from 2006 to 2025. For live valuation and market cap data, see Hind Rectifiers Limited (HIRECT) market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs1.60 Billion ≈ $17.29 Million	+28.38%
2024-03-31	Rs1.25 Billion ≈ $13.47 Million	+11.47%
2023-03-31	Rs1.12 Billion ≈ $12.08 Million	+3.98%
2022-03-31	Rs1.07 Billion ≈ $11.62 Million	+7.69%
2021-03-31	Rs997.71 Million ≈ $10.79 Million	+4.32%
2020-03-31	Rs956.38 Million ≈ $10.34 Million	+22.40%
2019-03-31	Rs781.35 Million ≈ $8.45 Million	+17.87%
2018-03-31	Rs662.88 Million ≈ $7.17 Million	+20.48%
2017-03-31	Rs550.20 Million ≈ $5.95 Million	-11.03%
2016-03-31	Rs618.38 Million ≈ $6.69 Million	-2.38%
2015-03-31	Rs633.48 Million ≈ $6.85 Million	-3.37%
2014-03-31	Rs655.60 Million ≈ $7.09 Million	-6.99%
2013-03-31	Rs704.89 Million ≈ $7.62 Million	+11.57%
2012-03-31	Rs631.80 Million ≈ $6.83 Million	+14.25%
2011-03-31	Rs552.98 Million ≈ $5.98 Million	+15.74%
2010-03-31	Rs477.79 Million ≈ $5.17 Million	+12.33%
2009-03-31	Rs425.35 Million ≈ $4.60 Million	+16.32%
2008-03-31	Rs365.66 Million ≈ $3.95 Million	+38.04%
2007-03-31	Rs264.90 Million ≈ $2.86 Million	+58.37%
2006-03-31	Rs167.26 Million ≈ $1.81 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Hind Rectifiers Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 66935400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs669.35 Million	41.87%
Common Stock	Rs34.33 Million	2.15%
Other Comprehensive Income	Rs664.16 Million	41.54%
Other Components	Rs230.86 Million	14.44%
Total Equity	Rs1.60 Billion	100.00%

Hind Rectifiers Limited Competitors by Market Cap

The table below lists competitors of Hind Rectifiers Limited ranked by their market capitalization.

Company	Market Cap
Kolibri Global Energy Inc TO:KEI	$175.08 Million
Horizon Securities Co Ltd TWO:6015	$175.18 Million
Muramoto Electron (Thailand) Public Company Limited BK:METCO	$175.22 Million
MPC Münchmeyer Petersen Capital AG F:MPCK	$175.25 Million
Aplicaciones y Tratamiento de Sistemas S.A. MC:ATSI	$175.00 Million
Daehan Flour Mills Co Ltd KO:001130	$174.98 Million
Sri Rejeki Isman(Sritex)PT JK:SRIL	$174.97 Million
Daesung Ind KO:128820	$174.88 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hind Rectifiers Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,245,295,000 to 1,598,702,000, a change of 353,407,000 (28.4%).
Net income of 371,125,000 contributed positively to equity growth.
Dividend payments of 20,565,000 reduced retained earnings.
Share repurchases of 2,109,000 reduced equity.
New share issuances of 2,109,000 increased equity.
Other comprehensive income decreased equity by 1,845,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs371.12 Million	+23.21%
Dividends Paid	Rs20.57 Million	-1.29%
Share Repurchases	Rs2.11 Million	-0.13%
Share Issuances	Rs2.11 Million	+0.13%
Other Comprehensive Income	Rs-1.84 Million	-0.12%
Other Changes	Rs4.69 Million	+0.29%
Total Change	Rs-	28.38%

Book Value vs Market Value Analysis

This analysis compares Hind Rectifiers Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 10.12x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 87.49x to 10.12x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs10.76	Rs941.70	x
2007-03-31	Rs17.04	Rs941.70	x
2008-03-31	Rs23.52	Rs941.70	x
2009-03-31	Rs27.36	Rs941.70	x
2010-03-31	Rs30.73	Rs941.70	x
2011-03-31	Rs35.57	Rs941.70	x
2012-03-31	Rs40.64	Rs941.70	x
2013-03-31	Rs45.34	Rs941.70	x
2014-03-31	Rs42.17	Rs941.70	x
2015-03-31	Rs40.75	Rs941.70	x
2016-03-31	Rs39.78	Rs941.70	x
2017-03-31	Rs35.39	Rs941.70	x
2018-03-31	Rs40.02	Rs941.70	x
2019-03-31	Rs47.17	Rs941.70	x
2020-03-31	Rs57.74	Rs941.70	x
2021-03-31	Rs60.23	Rs941.70	x
2022-03-31	Rs64.48	Rs941.70	x
2023-03-31	Rs67.42	Rs941.70	x
2024-03-31	Rs72.47	Rs941.70	x
2025-03-31	Rs93.05	Rs941.70	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hind Rectifiers Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 23.21%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.66%
• Asset Turnover: 1.57x
• Equity Multiplier: 2.61x
Recent ROE (23.21%) is above the historical average (13.26%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	52.54%	12.41%	1.73x	2.45x	Rs71.16 Million
2007	42.40%	12.86%	1.51x	2.18x	Rs85.82 Million
2008	33.61%	12.05%	1.41x	1.98x	Rs86.34 Million
2009	22.21%	9.63%	1.40x	1.65x	Rs51.94 Million
2010	16.27%	10.32%	1.12x	1.41x	Rs29.96 Million
2011	18.30%	9.96%	1.22x	1.51x	Rs45.91 Million
2012	16.91%	9.06%	1.15x	1.63x	Rs43.64 Million
2013	14.37%	7.44%	1.19x	1.62x	Rs30.79 Million
2014	-7.51%	-5.09%	0.85x	1.73x	Rs-114.81 Million
2015	-5.64%	-3.80%	0.81x	1.82x	Rs-99.07 Million
2016	-2.44%	-1.61%	0.76x	1.99x	Rs-76.94 Million
2017	-12.39%	-6.12%	0.97x	2.09x	Rs-123.20 Million
2018	1.98%	1.05%	0.82x	2.30x	Rs-53.14 Million
2019	15.09%	4.62%	1.38x	2.36x	Rs39.77 Million
2020	19.32%	6.17%	1.23x	2.54x	Rs89.15 Million
2021	5.34%	1.75%	1.27x	2.42x	Rs-46.46 Million
2022	7.26%	2.10%	1.51x	2.29x	Rs-29.45 Million
2023	-5.70%	-1.77%	1.23x	2.62x	Rs-175.34 Million
2024	10.05%	2.42%	1.56x	2.66x	Rs573.50K
2025	23.21%	5.66%	1.57x	2.61x	Rs211.25 Million

Industry Comparison

This section compares Hind Rectifiers Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $7,679,177,378
Average return on equity (ROE) among peers: 8.08%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hind Rectifiers Limited (HIRECT)	Rs1.90 Billion	52.54%	1.65x	$175.00 Million
Apar Industries Limited (APARINDS)	$2.88 Billion	-1.23%	5.59x	$5.36 Billion
Amara Raja Batteries Limited (ARE&M)	$13.63 Billion	26.96%	0.46x	$1.73 Billion
Bharat Bijlee Limited (BBL)	$6.91 Billion	8.82%	0.61x	$378.55 Million
CG Power and Industrial Solutions Limited (CGPOWER)	$41.11 Billion	-11.94%	1.48x	$13.85 Billion
Cords Cable Industries Limited (CORDSCABLE)	$1.46 Billion	2.99%	1.02x	$25.10 Million
De Nora India Limited (DENORA)	$392.64 Million	10.83%	0.24x	$49.12 Million
Dynamic Cables Limited (DYCL)	$270.46 Million	25.13%	4.97x	$194.13 Million
Elin Electronics Limited (ELIN)	$1.99 Billion	14.61%	1.00x	$65.09 Million
Eveready Industries India Limited (EVEREADY)	$5.93 Billion	2.29%	0.87x	$263.38 Million
Exicom Tele-Systems Limited (EXICOM)	$2.22 Billion	2.32%	1.72x	$173.57 Million

About Hind Rectifiers Limited

NSE:HIRECT India Electrical Equipment & Parts

Market Cap

$175.00 Million

Rs16.18 Billion INR

Market Cap Rank

#17030 Global

#874 in India

Share Price

Rs941.70

Change (1 day)

+1.83%

52-Week Range

Rs660.10 - Rs2035.40

All Time High

Rs2035.40