Slide 1: Regulation 30 intimation letter to exchanges
May 16, 2026 BSE Limited National Stock Exchange of India Limited Phiroz Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra (East) Mumbai 400 051 BSE Scrip Code: 504036 NSE Symbol: HIRECT Dear Sir/Madam, Subject: Intimation under Regulation 30 of SEBI Listin
Slide 2: Investor Presentation May 2026
Perfectly Engineered Power Conversion Investor Systems Presentation May 2026
Slide 3: Table Of Contents
Table Of Contents Page No. 1 Q4 & FY26 Financial Highlights 04 2 Company Overview 16 3 Strategic Updates 28 4 Strategic Roadmap & Way Forward 31 5 Historical Financials 34 2
Slide 4: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Hind Rectifiers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 5: Q4 & FY26 Financial Highlights
Q4 & FY26 Financial Highlights
Slide 6: Management Commentary
Management Commentary Commenting on the performance Suramya Nevatia, Chairman & Managing Director of Hind Rectifiers Limited said, “We delivered a strong performance in FY26, driven by robust execution across our railway and industrial businesses, supported by healthy demand, improving operational e
Slide 7: Consolidated Financial Highlights – FY26
Consolidated Financial Highlights – FY26 (INR Cr) PBT before PAT Excluding Exceptional Items Minority Interest & Cashflow from Revenue EBITDA & Margin (%) & Margin (%) Margin (%) Operations Rs. 999.1 Crore Rs. 84.1 Crore Rs. 55.9 Crore Rs. 45.0 Crore Rs. 85.8 Crore FY 26 52.5% YoY 19.6% YoY 11.6% Yo
Slide 8: Sustained growth momentum (1/2)
Sustained growth momentum (1/2) (INR cr) Revenue from Operations EBITDA & EBITDA Margins PAT & PAT Margins 6.0% 4.2% 8.5% 10.7% 10.8% 2.1% -1.8% 2.4% 5.7% 6.1% 949.2 CAGR:+26% 102.5 57.7 CAGR:+47% CAGR: +65% 655.4 70.3 37.1 517.6 372.1 359.1 44.2 12.5 7.8 22.2 15.1 -6.4 FY22 FY23 FY24 FY25 FY26 FY22
Slide 9: Sustained growth momentum (2/2)
Sustained growth momentum (2/2) (INR cr) Revenue from Operations EBITDA & EBITDA Margins PAT & PAT Margins 2.1% -1.8% 2.4% 5.7% 4.5% 6.0% 4.2% 8.5% 10.7% 8.4% 84.1 45.0 999.1 70.3 37.1 CAGR:+40% CAGR: +55% CAGR:+28% 655.4 44.2 517.6 12.5 372.1 359.1 7.8 22.2 15.1 -6.4 FY22 FY23 FY24 FY25 FY26 FY22 F
Slide 10: Order Book Mix & Revenue Mix
Order Book Mix & Revenue Mix Product wise Revenue Mix –FY26 Product wise Order Book Mix –FY26 2.2% 5.1% 10.4% 3.8% 1.4% Railway Transformer Railway Electromechanical Railway Electronics 17.8% Industrail Products Spares & Services 23.6% 949.2 Cr 845.5 Cr Others 52.6% 56.0% 15.1% 12.1% 9
Slide 11: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement Particulars (INR Cr) Q4 FY26 Q4FY25 Y-o-Y (%) Q3 FY26 Q-o-Q (%) FY26 FY25 Y-o-Y (%) Revenue from operations 264.0 185.0 42.7% 243.3 8.5% 949.2 655.4 44.8% COGS 202.0 137.0 187.2 717.3 478.3 Gross Profit 62.0 48.0 29.1% 56.1 10.6% 231.9 177.1 30.9% Gross Profit Ma
Slide 12: Standalone Balance Sheet
Standalone Balance Sheet Assets (INR Cr) Mar-26 Mar-25 Liabilities (INR Cr) Mar-26 Mar-25 Non-Current Assets Equity Property, Plant and Equipment 146.7 86.6 Equity Share capital 6.9 3.4 Capital work-in-progress 3.3 6.8 Other Equity 214.4 156.6 Other Intangible Asset 16.9 15.7 Total Equity 221.3 160.
Slide 13: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (INR Cr) FY26 FY25 Net Profit Before Tax* 73.0 50.3 Adjustments for: Non-Cash Items / Other Investment or Financial Items 42.1 35.5 Operating profit before working capital changes 115.0 85.8 Changes in working capital -11.1 -42.2 Cash generated from Operatio
Slide 14: Company Overview
Company Pri. Hind Rectifiers Limited
Slide 15: Leader in Design & Development of Electrical & Electronic Equipment
Leader in Design & Development of Electrical & Electronic Equipment Manufacturers of Highly specialized Precision engineering leader driving India’s rail electrification and and intricately engineered products modernization, designing and delivering mission-critical State of Art Manufacturing facili
Slide 16: Journey So Far
Journey So Far • Acquired a 26,930 Sq. Mts. plot in Sinnar, Nashik, from MIDC • Celebrated Golden Jubilee, marking 50 years of operations • Commissioned a state-of-the-art • Commissioned a manufacturing manufacturing facility in Sinnar to • Continued expanding facility in Dehradun for railway suppor
Slide 17: Hirect at a Glance
Hirect at a Glance 68 745* 8 500+ Years of Excellence Permanent Employees Global Accreditations Marquee Clients 2 2 6 30+ R&D Centers Manufacturing Plants Offices Exports *Including Elventive France’ (erstwhile Belink solutions) employees 16
Slide 18: Hirect's Strategic Evolution – Component Supplier to Vertically Integrated System Player
Hirect’s Strategic Evolution – Component Supplier to Vertically Integrated System Player System Solutions Provider Backward Integration ERA 3 2026 Onwards ▪ CTC Copper Conductor Plant Product & Sub-System ▪ Aluminium Tank & Components Propulsion Systems ▪ EMS (PCB Assemblies) ERA 2 Brake systems
Slide 19: R&D Transformation Driving Next-Gen Growth Engines
R&D Transformation Driving Next-Gen Growth Engines R&D Pillars What R&D Delivers Recent Product Development 01 Railway & Traction Excellence • Advanced traction solutions for Market Expansion locomotives & EMUs • Entry into new railway, industrial Hotel Load Converters & global opportunities • Stren
Slide 20: Product Portfolio
Product Portfolio Railway Systems Industrial Systems IGBT Traction Traction Traction Single & Three Phase Mid Frequency Power High Frequency Converter Transformers Motors ESP Supplies Power Supplies Railway Vehicle DC Substation HVAC SMPS Thyristor Controlled HVAC Control Unit Rectifiers Systems Rec
Slide 21: Elventive France : Product Portfolio
Elventive France : Product Portfolio Target Industries Automotive Electronics: High-reliability electronic boards and PCBs for connected and electric vehicles Defence & Aerospace: Mission-critical electronics for secure, regulated, and sensitive environments Railway Systems: Safety-critical electron
Slide 22: Diversified End Use
Powering Progress Across Key Industries A Snapshot of Hirect’s Manufacturing Prowess 22,000+ Diversified End Use ESP Transformers & Rectifiers Railway Sector Power Generation Defense Sector 2,200+ Locomotives & Coach Transformers 2,500+ Coach Underslung Inverters Inceneration & Gassification Cement
Slide 23: Strategic Locations for PAN India Presence & Distribution
Strategic Locations for PAN India Presence & Distribution Products Manufactured Satpur Plant: Traction Transformers France Electrostatic Precipitators (High Voltage Rectifiers) Thyristor Controlled Rectifiers, Water Cooled Rectifiers Constant Current Rectifiers New Delhi Railway Control Panels for L
Slide 24: Board of Directors & Leadership Team
Board of Directors & Leadership Team Board of Directors Suramya Nevatia Akshada Nevatia Chairman & Managing Executive Director Director Parimal Rameshchandra Vandan Shah Ashlesha Bodas Vishal Pacheriwala Merchant Independent Non- Independent Non- Independent Non- Non-Independent Non- Executive Direc
Slide 25: Advancing with a Stellar Marquee Clientele
Advancing with a Stellar Marquee Clientele Logos displayed are for representation purposes only and remain the property of their respective owners 24
Slide 26: Strategic Updates
Pri. Hind Rectifiers Limited Strategic
Slide 27: Strengthening Core Capabilities through Backward Integration in Copper Conductors
Strengthening Core Capabilities through Backward Integration in Copper Conductors Hind Rectifiers Ltd. commences commercial production of highly specialised Copper Conductors for the Transformer Industry Key Benefits Capex: Rs.56 crore (funded through internal accruals and Continuously • Creates a n
Slide 28: Hirect acquires Elventive France to Build European Hub for Robotics, Power Electronics & EMS
Hirect acquires Elventive France (Erstwhile BeLink Solutions) to Build European Hub for Robotics, Power Electronics & EMS Hind Rectifiers Limited, through its subsidiary ‘Elventive France’ ( Erstwhile Belink Hirect SAS), has acquired the business and operating assets of ‘Elventive France’ (Erstwhile
Slide 29: Strategic Roadmap & Way Forward
Strategic Roadmap & Way Forward
Slide 30: Growth to be Assisted by Strong Industry Tailwinds
Growth to be Assisted by Strong Industry Tailwinds Locomotive demands Indian Railway Sector: Key Highlights • The Union Budget 2026 allocated a record INR 2,93,030 crore Demand for total No of Loco Motives* to the Ministry of Railways Infrastructure • The funding is targeted at new lines, gauge conv
Slide 31: Growth Drivers
Growth Drivers Favorable Industry Tailwinds • Annual Capex Investments of ~35Billion USD by Indian Railways Strengthening Manufacturing Capacity and Metros with growth forecast of >8% YoY • Expanding Sinnar and Satpur facilities to add new product lines. • GoI’s focus on growth of manufacturing sect
Slide 32: Historical Financials
Pri. Hind Rectifiers Limited
Slide 33: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account Particulars (INR Cr) FY26 FY25 FY24 FY23 FY22 Revenue from operations 999.1 655.4 517.6 359.1 372.4 COGS 736.0 478.3 384.3 279.6 288.3 Gross Profit 263.1 177.1 133.8 79.5 84.1 Gross Profit Margin 26.3% 27.0% 25.8% 22.1% 22.5% Employee Expenses 112.0 63.3 52.4 39.1
Slide 34: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (INR Cr) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Liabilities (INR Cr) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non-Current Assets Equity Property, Plant and Equipment 171.5 86.6 76.8 72.7 40.0 Equity Share capital 6.9 3.4 3.4 3.4 3.3 Capital work-in-progress 3.3 6.8
Slide 35: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (INR Cr) FY26 FY25 FY24 FY23 FY22 Net Profit Before Tax* 53.9 50.1 17.7 -8.7 11.2 Adjustments for: Non-Cash Items / Other Investment or Financial Items 43.3 35.7 30.6 23.9 11.2 Operating profit before working capital changes 97.2 85.8 48.3 15.2 22.4 Change
Slide 36: Contact Us
Contact Us Company: Investor Relations Advisor: Company CIN: : L28900MH1958PLC011077 CIN: : U74140MH2010PTC204285 Mr. Anil Kumar Nemani Mr. Karan Thakker / Mr. Rahul Agarwal E: investors@hirect.com E: karan.thakker@sgapl.net / rahul.agarwal@sgapl.net T: +91 2249601775 T: + 91 81699 62562 / +91 98214