Mukul Agrawal holds 1.46% stake: Multibagger stock hit upper circuit after acquiring BeLink Solutions, Creating a European hub for next-gen robotics, power electronics and EMS

On Friday, shares of Hind Rectifiers Ltd hit a 5 per cent upper circuit to Rs 1,726.65 per share from its previous closing of Rs 1,644.45 per share. The stock’s 52-week high is Rs 2,101 per share and its 52-week low is Rs 789.90 per share.

Hind Rectifiers Limited has announced a strategic acquisition of BeLink Solutions, a French robotics and electronics company, for a total of EUR 1 million. This acquisition is a significant move for Hind Rectifiers, as it establishes a key manufacturing hub in Europe and strengthens the company's global presence. The transaction, funded entirely through internal accruals, gives Hind Rectifiers ownership of all of BeLink's business and operational assets, including its intellectual property, customer contracts, and a state-of-the-art production facility. This marks a major step for the company in expanding its capabilities in next-generation robotics and power electronics.

The transaction is structured to give Hind Rectifiers a controlling stake and direct access to BeLink Solutions' advanced infrastructure. Hind Rectifiers will infuse EUR 1 million as preference shares, while a total of EUR 1 million in equity shares will be issued, with Hind Rectifiers holding a 66 per cent stake and the promoter group companies subscribing to the remaining 34 per cent. This financial structure ensures that Hind Rectifiers secures both the physical assets and the expertise of BeLink, including its six fully automated production lines and advanced testing equipment. This infrastructure is critical for meeting the increasing demands of customers in the robotics, power electronics, and electronics manufacturing services (EMS) markets.

The acquisition provides a strong strategic rationale for Hind Rectifiers, giving it a solid foundation for growth in the European market. BeLink Solutions brings a robust revenue stream, with an expected EUR 13 million in revenue for 2025 and an additional EUR 10 million in pending orders for 2026, providing strong revenue visibility. This move not only expands Hind Rectifiers' global footprint but also positions the company to leverage BeLink's nearly four decades of experience and technology. This will allow it to better serve its customers and capitalise on the significant growth potential within the rapidly evolving European robotics and EMS sectors.

About the Company

Established in 1958 in partnership with Westinghouse, Hind Rectifiers Limited (HIRECT) has grown into a major manufacturer of power semiconductors, power electronics, and railway transportation equipment. With a workforce of 950 employees across two manufacturing plants in India, the company produces a wide range of products, including traction transformers, IGBT propulsion systems, and various rectifiers. HIRECT exports its products to over 30 countries and has a presence in Sweden and the UAE. Serving key sectors such as Railways, Defence, and heavy industries like Power and Steel, HIRECT is recognised for its innovation and quality in providing critical electrical and power electronics solutions.

The first quarter of the fiscal year 2026 (Q1FY25) was strong, with revenue surging 58.5 per cent year-over-year (YoY) to Rs 214.77 crore from Rs 135.54 crore in the same period last year. Profit after tax (PAT) also saw a significant increase of 84 per cent YoY to Rs 12.77 crore from Rs 6.93 crore in Q1FY25. As of June 01, 2025, the company boasts an impressive order book of Rs 1,025 crore, primarily driven by its strong pipeline of railway projects.

The company has a market cap of Rs 2,967 crore and an ace investor, Mukul Agrawal, owns 2,50,000 shares or a 1.46 per cent stake in the company. The stock gave multibagger returns of 118.6 per cent from its 52-week low and a whopping 1,250 per cent in 5 years.

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