Heavy Buying in Mukul Agrawal-Backed Power Semiconductor & Railway Equipment Manufacturing Stock – Recently Secured Order Worth Around Rs 100 Crore from Indian Railways!
The company’s shares have delivered a multibagger return of over 160 per cent in the past 1 year.
Mukul Agrawal-backed Small-Cap company, which specializes in the development, design, manufacture, and marketing of power semiconductors, power electronic equipment, and railway transportation equipment, has caught significant investor attention during today’s trading session. The surge in volume is likely due to the company recently securing a major railway contract from Indian Railways.
Recently, Hind Rectifiers Ltd has secured orders from Indian Railways, to be fulfilled by FY25-26, with the total order value exceeding Rs 98 crore.
At the start of today's trading session, the share of Hind Rectifiers Ltd opened at Rs 895.05 per share, compared to the previous day's closing figure of Rs 869.10 per share on the BSE. Finally, the shares closed at Rs 889.40 per share. The company's current market capitalization stands at Rs 1524.24 crore, and the stock has generated an impressive multibagger return of over 160 per cent in the past 1 year.
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As per the Quarterly Results, in Q1 FY25, Hind Rectifiers Ltd recorded a revenue of Rs 135.53 crore representing a gain of 39 per cent YoY from Rs 97.58 crore. The operating profit for Q1 FY25 stood at Rs 14.48 crore with an operating profit margin of around 10.68 per cent. The net profit for Q1 FY25 was Rs 6.93 crore representing a gain of 260 per cent YoY compared to a profit of Rs 1.90 crore. Looking at the annual performance, the company generated a revenue of Rs 518 crore in FY24, compared to Rs 359 crore in FY23. The operating profit for FY24 was Rs 45 crore with a net profit of Rs 13 crore.
According to the shareholding pattern of Hind Rectifiers Ltd, promoters own a 44.05 per cent stake, while public investors hold 50.13 per cent. Ace investor Mukul Agrawal holds a 1.30 per cent stake, up from 1.24 per cent, and FIIs have increased their stake from 5.76 per cent to 5.82 per cent in Q1 FY25.
Investors must keep this small-cap multibagger company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.