Hind Rectifiers Secures ₹200+ Cr. Order from Indian Railways for Supply of Railway Equipment

1) Hind Rectifiers Limited

• Business Overview – Incorporated in April 1958, Hind Rectifiers Ltd. is primarily engaged in developing, designing, manufacturing, and marketing Power Semiconductor, Power Electronic Equipments, and Railway Transportation Equipments.
• Recent Filings – Company has secured orders from Indian Railways for worth more than Rs. 200Cr. for the supply of Railway Equipments such as Traction & Aux Transformers, IGBT Propulsion Systems, Auxillary Converters & Battery Chargers, etc. The company over the years has broadened its product mix for Indian Railways targeting all the segments of 3 Phase Locos, and Coaches. The order is to be executed in the FY 2025-26.
• Outlook –
  • Company aims to enhance its focus on new products for railways, private rolling stock manufacturers, and the industrial sector by upgrading and expanding existing lines, along with strategic tie-ups.
  • Company anticipates additional revenue streams as it has got certified for aerospace standards and registered with defense organizations.
  • Company plans to establish three subsidiaries in Sweden, France, and the UAE to capitalize on international market opportunities.
• 2Y Price Chart –

2) Knowledge Marine & Engineering Works Limited

• Business Overview – Founded in 2015, KMEW is involved in owning and operating marine crafts, providing dredging, repair, and maintenance services. It has grown into a key player in India’s marine engineering sector, serving major clients like the Ministry of External Affairs and several port trusts.
• Recent Filings – KMEW has secured a significant seven-year contract worth ₹19.27 Cr. from Mumbai Port Authority for two high-speed patrol boats, representing 33.80% of previous half-year revenue. With total orders of INR 115 Cr. this year till September FY24 , KMEW is expected to boost revenue and strengthen its position in the market.
• Outlook –
  • Company is having 95 % cent of Indian foreign trade volume through ports, a huge potential for dredging and ship repair services.
  • Company’s prevailing market practice of client providing long term contracts, opens room for greater viability of revenue.
  • Company offers Dredging activity that has a huge potential in India with large number of dams/ lakes in India
• 2Y Price Chart –

3) MOS Utility Limited

• Business Overview -MOS Utility Ltd is a fintech company which offers a Unified Open API and Wallet platform and is engaged in the business of providing technology enabled digital products and services in the B2C, B2B and financial technology arena through an integrated business model.
• Recent Filings – Company announced a significant collaboration with Onix Renewable Limited, granting MOS exclusive rights as the sales and distribution franchisee for solar panels and related products. This partnership, valid for five years, leverages MOS’s extensive network across 25 states, enhancing solar accessibility in remote areas. The collaboration is expected to positively impact MOS’s financials by boosting revenue and profitability, as it expands its reach in India’s growing solar market.
• Outlook –
  • MOS plans to increase its agent network by 3x to 5x over the next two years, aiming for wider coverage and enhanced revenue generation​
  • The company expects significant growth through recent acquisitions (Indicore Infocomm, JC Venture, and Logconnect), contributing to 30-40% of EBITDA​
  • MOS plans to add mutual fund and Demat account services, contributing an additional 5-10% to EBITDA
• Price Chart since listing –

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