Mukul Agrawal Increases Stake for 2 Consecutive Quarters: Power Semiconductor & Railway Equipment Stock Hits Upper Circuit – Do You Own It?

The company’s shares have delivered a multibagger return of over 410 per cent in the past 2 years.

This Small-Cap company specializes in the development, design, manufacture, and marketing of Power Semiconductors, Power Electronic Equipment, and Railway Transportation Equipment. The company offers a wide range of products, including traction and auxiliary transformers, IGBT propulsion systems, auxiliary converters, battery chargers, on-board DC rectifiers, traction motors, electrical switchboards, safety and protection electronics, and HVAC systems for rolling stock in the railway sector.

At the start of Friday's trading session, the share of Hind Rectifiers Ltd opened at Rs 1211.10 per share, compared to the previous day's closing figure of Rs 1207.40 per share on the BSE. Currently, the shares are at Rs 1267.75 per share. The company's current market capitalization stands at Rs 2,175.80 crore, and the stock has generated an impressive multibagger return of over 410 per cent in the past 2 years.

Incorporated a wholly owned subsidiary

Hind Rectifiers Limited established a wholly owned subsidiary, Hirect FZ-LLC, in the United Arab Emirates on November 21, 2024. The new entity is located within the Ras Al Khaimah Economic Zone (RAKEZ) and has a paid-up capital of AED 125,000 (One Hundred and Twenty-Five Thousand Dirhams).

As a newly incorporated company, Hirect FZ-LLC currently has no turnover. Its business activities will include Power Generation, Transmission, and Distribution Equipment Trading, Heavy Equipment and Machinery Spare Parts Trading, Electronic Card Wholesale, Industrial Plant Equipment, and Spare Parts Trading, Wholesale of Non-Ferrous Metal Main Products The establishment of Hirect FZ-LLC reflects Hind Rectifiers Limited's strategic move to focus more closely on customer needs and capitalize on growth opportunities in the international market.

Financial Performance

As per the Quarterly Results, in Q2 FY25, Hind Rectifiers Ltd recorded a revenue of Rs 166 crore representing a gain of 26 per cent YoY from Rs 132 crore. The operating profit for Q2 FY25 stood at Rs 18 crore with an operating profit margin of around 11 per cent. The net profit for Q2 FY25 was Rs 10 crore representing a gain of 150 per cent YoY compared to a profit of Rs 4 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 49.95 per cent. Ace investor Mukul Agrawal holds a 1.39 per cent stake, up from 1.30 per cent, and FIIs have increased their stake from 5.82 per cent to 5.97 per cent in Q2 FY25.

Investors must keep this multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.