Hind Rectifiers Ltd executed a ₹95 million sale agreement for its non-operational Dehradun manufacturing facility, following board approval. The 2008 plant, shuttered since July 2023 due to product obsolescence, unlocks value amid strong Q2 results and European expansion plans.
Transaction Details
Hind Rectifiers announced the binding agreement execution on Dec 4, 2025, for its Dehradun Unit (New Khasra No.64-67 & 74, Village Charba, Langha Road). Originally approved for sale at no less than ₹8 Cr in Oct 2024, the final ₹9.5 Cr deal to an unrelated party aligns with prior guidance of ₹8.5-9.5 Cr. The facility contributed just 2.05% to FY24 revenue (₹10.59 Cr) before closure.
Strategic Rationale
Closed in Aug 2023 over obsolete rectifiers/inverters production, the divestment streamlines operations focused on railways (95% revenue). Q2 FY26 saw 45% profit surge to ₹14.8 Cr, EBITDA up 41% to ₹25.9 Cr. Proceeds support Nashik expansion and €830k French subsidiary investment for global power electronics growth.
Key Highlights
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Deal Value: ₹9.5 Cr (₹95 Mn); unrelated buyer.
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Facility: Dehradun plant, non-operational since Jul 2023.
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Board Nod: Oct 30, 2024; within ₹8-9.5 Cr range.
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Financials: Q2 profit +45% YoY; EBITDA margin 11.41%.
Sources: Business Upturn, ScanX, EquityBulls