This Mumbai-Based Company To Allot 1,71,83,807 Bonus Shares, Record Date Out; Buy The Stock Today?

Founded in 1958 in Mumbai, Hind Rectifiers Ltd (Hirect) is a well-known Indian company that specializes in power semiconductors, electronic equipment, and railway transportation components. The company has announced record date for issuing 1,71,83,807 equity shares via bonus issue. Following the announcement, the small-cap stock is likely to be in focus as investors may consider buying the stock to be eligible for bonus shares by the record date.

Hind Rectifiers Bonus Issue Record Date

"We wish to inform you that pursuant to our communication dated February 11, 2026, wherein the Board of Directors had recommended issuance of Bonus Equity Shares in the proportion of 1 (one) new fully paid-up equity share of Rs. 10/- (Rupees Ten Only) each for every existing 1 (one) equity share of Rs. 02/- (Rupees Two Only) each fully paid up each ranking pari-passu in all respects held by the members as on the record date and subject to shareholders' approval. The approval of the shareholders has been obtained through Postal Ballot, the results of which were declared on March 20, 2026. In terms of Regulation 42 of the SEBI Listing Regulations, we wish to inform you that the Company has fixed Friday, March 27, 2026, as the "Record Date" for determining the eligibility of shareholders for issuance and allotment of Bonus Shares," confirmed Hind Rectifiers in a regulatory statement.

"The said bonus shares will be made available for trading on the next working day of allotment i.e. Tuesday, March 31, 2026," the company has further informed via BSE filing.

Hind Rectifiers Share Price Trend

As of the market closing on March 20, 2026, the share price of Hind Rectifiers Ltd. (HIRECT) was Rs 1,497.00. The stock closed down -0.13% from its previous wrap up of Rs 1,499.00 on the NSE after opening at Rs 1,505.00 and reaching an intraday high of Rs 1,598.00. The company's market capitalization was Rs 2,572.42 Cr. The stock hit a 52-week high of Rs 2,108.50 on August 20, 2025, and a 52-week low of Rs 799.00 on April 7, 2025.

Hind Rectifiers Financials

Moneycontrol reports that the company's net sales increased by 64.19% from Rs. 168.94 crore in the December 2024 quarter to Rs. 277.39 crore in the December 2025 quarter. Its net profit climbed by 30.06% from Rs. 10.01 crore in Q3FY25 to Rs. 13.01 crore in Q3FY26. EBITDA improved 42.11% from Rs. 18.12 crore in the December 2024 quarter to Rs. 25.75 crore in the December 2025 quarter. The EPS for Hind Rectifiers rose from Rs. 5.84 in December 2024 to Rs. 7.58 in December 2025.

Hind Rectifiers Target Price

"Hind Rectifiers stock price is bearish on the Daily charts with strong resistance at 1598. A Daily close below support of 1472 could lead to a target of 1284 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.