Hind Rectifiers Limited, a company backed by ace investor Mukul Agrawal, has recently bagged new orders valued at approximately Rs 73 crore from Indian Railways. This addition boosts the company’s existing order book, which now totals Rs 903 crore. The orders encompass a wide range of railway equipment, including traction and auxiliary transformers, IGBT propulsion systems, auxiliary converters, battery chargers, on-board DC rectifiers, traction motors, electrical switchboards, safety and protection electronics, rolling stock HVAC systems, electrostatic precipitators, high current rectifiers, power quality improvement equipment, and special rectifiers. These contracts are scheduled for execution by FY 2025-26 and represent a significant growth opportunity for the company.
Earlier, Hind Rectifiers secured another set of orders from Indian Railways, valued at Rs 98 crore, further solidifying its market presence. Established in 1958, Hind Rectifiers is a leading manufacturer of power semiconductors, power electronics, and railway transportation equipment. With a strong product portfolio and consistent margin improvements, the company is well-positioned to meet the increasing demands of both the Indian railways and industrial sectors.
The company currently has a market capitalization of Rs 2,000 crore. On Friday, shares of Hind Rectifiers hit a 5% upper circuit, reaching a new 52-week high of Rs 1,175.70 per share, with trading volumes spiking by more than 2.88 times on the BSE. Mukul Agrawal holds a 1.39% stake in the company. Over the past year, the stock has delivered remarkable returns of 215%, and an astounding 535% over the last three years.
Investors should keep a close watch on this small-cap stock as it continues to navigate a promising growth trajectory.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
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