Hind Rectifiers Ltd Multibagger 2022 Analysis

This article we can explore the possibility of Hind Rectifiers Ltd Ltd as a multibagger 2022 Stock based on Value Investing principles.

Website https://hirect.com
CMPRs. 302 .00

About Hind Rectifiers Ltd

Hirect founded in 1958, in collaboration with Westinghouse, Brake & Signal, U.K. Hind Rectifiers Ltd., has long standing tradition and experience in developing, designing, manufacturing and marketing Power Semiconductor, Power Electronic Equipments and Railway Transportation Equipments.

Hirect was incorporated in April 1958 as Hind Rectifiers Private Limited. It started its Manufacturing activities in one of the Bombay Port Trust godowns at Sassoon dock, Colaba. In the Year 1959-60, Hirect shifted the activities to the present location of 20,000sq. Meters campus at Bhandup, Mumbai.

The plant for manufacturing power Silicon diodes was imported from Westinghouse Brake & signal Co. Ltd. UK in the year 1966. Starting early 70’s Hirect started Manufacture of equipments like battery chargers, High Voltage and High Current Rectifiers for Railway Applications were also started about the same time.

Supreme Powertronics Pvt. Ltd., Nashik which began operations as a sister concern around mid 80’s was Amalgamated with HIRECT in 1995. In the year 2001, new manufacturing facilities were created in Bhandup, Mumbai for manufacturing 25 KVA invertor to 180 KVA convertor for Indian Railways.

HIRECT has entered its Golden Jubilee year from April 2007 and to commemorate the occasion Hirect Inaugurated two more plants at Dehradun, Uttarakhand on 13th April 2007 to manufacture power equipments for Railways.

HIND RECTIFIERS LIMITED (“the Company”) is committed to conducting its business in accordance with applicable laws, rules and regulations and the highest standards of business ethics and ethical conduct. This Code of Conduct (“Code”) reflects the business practice and principles of behavior that support this commitment. The Code is intended to provide guidance and help in recognizing and dealing with ethical issues and to help foster a culture of honesty and accountability. The Members of the Board and Senior Management Personnel are expected to read and understand this Code, uphold these standards in day-to-day activities, and comply with: all applicable laws; rules and regulations; Every Director and Senior Management Personnel must represent the interests of the shareholders of the Company; exhibit high standards of integrity, commitment and independence of thought and judgment; dedicate adequate time, energy and attention to ensure the diligent performance of his/her duties including make all reasonable efforts to attend Board or Committee Meetings; and comply with every provision of this Code.

Hind Rectifiers Ltd Multibagger 2022 Analysis
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Products & Services

  • Traction & Aux Transformers
  • IGBT Propulsion Systems
  • Auxillary Converters & Battery Chargers
  • On-Board DC Rectifiers
  • Traction Motor
  • Electrical Switch Boards
  • Safety & Protection Electronics
  • Rolling Stock HVAC Systems
  • Brake System
  • Electro Static Precipitator
  • High Current Rectifiers
  • Power Quality Improvement
  • Special Rectifiers
  • Electro Static Precipitator
  • Electro Chemical Industry

Profit & loss

Hind Rectifiers Ltd Multibagger 2022 Analysis

Warren Buffett Checklist

FactorValue
Economic moatModerate
GrowthModerate
ValuationHigh
DebtModerate
IntegrityGood

Positives

  • Collaboration with Italy firm provides Technical advantage
  • Debtor days have improved
  • Promoter Holding increase

Negatives

  • Stock is trading at 3X of Book Value
  • Company has High D/E Ratio
  • Latest Year Revenue Growth less than 10%
  • Company has a low return on equity of 10.96% for last 3 years.

Summary

As per the Expansion & Value Investing grounds the company is having Multibagger Properties.

DISCLAIMER

Logos are Copyright of respective owners. The advice or opinions here is not for public distribution and has been furnished to you solely for your information purpose and must not be reproduced or redistributed to any other person.  Any report is created from Public Source of Information available through Internet from Company website & Other websites & the Research Analyst does not guarantee the Validation of Content in this report.

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