Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Hindusthan Insulators & Industries Ltd

539984
Electric Equipment - General

Hindusthan Insulators & Industries Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

Biggest watch item: margins are the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on margins holding.

The price is in a confirmed uptrend (23 weeks in) while the P/E sits at the 37th percentile of its own 10-year range. Underneath, the last four quarters read improving, and 773% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Price
₹468
−1.3% 1Y
P/E
13.5×
37th pctile
of its own 10-year range
Revenue (Jun 26)
₹116 Cr
+81.3% YoY
Profit (Jun 26)
₹37.0 Cr
Operating margin
38.0%
+32.0 pp YoY
ROCE
11%
FY26
Cash conversion
773%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Hindusthan Insulators & Industries Ltd trades at ₹468, in a confirmed uptrend and 23 weeks into that stage. That is +111.5% against its own 200-day average. It sits at 11% of a 52-week range of ₹380 to ₹1,211. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks.

Today the stock is in a confirmed uptrend — week 23 of stage 2, confirmed. At ₹468 it trades +111.5% versus its 200-day average and sits at 11% of its 52-week range (₹380–₹1,211).

Sep 26: ₹468 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+111.5% versus the 200-day line, week 23 of stage 2
Price50-day avg200-day avg
S2S4S4S2₹1,292₹996₹699₹403₹106₹468₹221Sep 23May 24Mar 25Dec 25Sep 26
S2S4S4S2₹1,292₹996₹699₹403₹106₹468₹221Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (529 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Jul 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.1 years the stock moved +85% while the NIFTY 500 moved +216% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 2 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Hindusthan Insulators & Industries Ltd trades at 13.5× P/E, mid-range by its own standards (37th percentile). Its long-run median P/E is 17.3×, measured across 10.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 13.5× is mid-range by its own standards (37th percentile), against a long-run median of 17.3× measured over 10.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.

P/E 13.5× vs a 17.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.1-year window; loss-period spikes above 52× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (37th percentile)
P/EMedianEPS (TTM) (quarterly)
55.6×₹37.442.2×₹28.128.7×₹18.715.2×₹9.41.8×₹0.0×13.50×₹35Aug 16Jul 17Jul 19Jun 20Sep 26
55.6×₹37.442.2×₹28.128.7×₹18.715.2×₹9.41.8×₹0.0×13.50×₹35Aug 16Jul 19Sep 26
P/E
13.5×
37th percentile of 10y

The price move, decomposed: over 5y, of the −15.8%/yr price move, ~+78.3%/yr came from earnings growth and ~−94.1 pp from the multiple (compressing); over 10y, of the +12.6%/yr price move, ~+35.3%/yr came from earnings growth and ~−22.7 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Hindusthan Insulators & Industries Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 10 quarters across 2 curves, on partial evidence.

Growth, year by year: revenue +24.2% in FY26 Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
29%240%12%95%−5.0%−50%−22%−195%−39%−340%%%24.2%−300%FY16FY21FY26
29%240%12%95%−5.0%−50%−22%−195%−39%−340%%%24.2%−300%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating
RevenueProfitEPS
50%−298.8%20%−299.4%−9.2%−300.0%−39%−300.6%−68%−301.2%%%41.8%−300%−300%Sep 23Dec 24Jun 26
50%−298.8%20%−299.4%−9.2%−300.0%−39%−300.6%−68%−301.2%%%41.8%−300%−300%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
12%8.1%4.0%0.0%−4.1%%11%FY23FY24FY26
12%8.1%4.0%0.0%−4.1%%11%FY23FY24FY26
Revenue growth
Rising
latest +41.8% · span −60.2% to +41.8%
ROCE
Rising
latest 11.0% · span −3.0%–11.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+24.2%+15.2%−0.8%−6.7%
Share price−1.3%+0.4%−15.8%+12.6%
Revenue YoY (Jun 26)
+81.3%
latest quarter vs a year ago
Revenue 10y
−6.7%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

53.2/100 — rank 3 of 13 in Electric Equipment - General · 67% evidence confidence

Hindusthan Insulators & Industries Ltd scores 53.2 out of 100 against the 13 companies it is compared with in Electric Equipment - General, ranking 3. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 23.9 + 7.3 + 11 + 11 = 53.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Hindusthan Insulators & Industries Ltd reported ₹116 Cr of revenue in the Jun 26 quarter, +81.3% year on year. That is the 7th straight quarter of year-on-year growth. Over 10 years it has compounded at −6.7% a year. The last full year, FY26, came in at ₹339 Cr. The last four reported quarters add to ₹390 Cr.

FY26 revenue came in at ₹339 Cr (+24.2% on the year), capping 10 years at −6.7% compound. The latest quarter (Jun 26) printed ₹116 Cr, +81.3% year on year — the 7th consecutive quarter of year-over-year growth.

FY26 revenue ₹339 Cr (+24.2% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
−6.7% a year over 10 years
RevenueYoY growth
75929%56912%380−5.0%190−22%0−39%₹ Cr%₹33924.2%FY16FY21FY26
75929%56912%380−5.0%190−22%0−39%₹ Cr%₹33924.2%FY16FY21FY26
Jun 26: ₹116 Cr (+81.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
7th straight quarter of growth
Revenue (quarterly)YoY growth
12593%9452%6311%31−30%0−71%₹ Cr%₹11681.3%Sep 23Dec 24Jun 26
12593%9452%6311%31−30%0−71%₹ Cr%₹11681.3%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +42.4% growth against the decade's −6.7% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +41.8% over the last 4 quarters against +24.4%/yr over the last 8 — accelerating.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Hindusthan Insulators & Industries Ltd's operating margin is 38.0% in the Jun 26 quarter, +32.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged −5.0% to 17.0%.

The latest quarter's operating margin is 38.0%, +32.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −5.0%–17.0%, and FY26's 17.0% is the top of that band — a record year.

Why the margin moved: operating margin went +32.0 pp year on year while gross margin went +19.3 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 17.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
the widest a −5.0–17.0% band over 13 years
operating marginYoY change (pp)
19%25%12%15%6.0%6.0%−0.4%−3.3%−6.8%−13%%%17%22%FY14FY20FY26
19%25%12%15%6.0%6.0%−0.4%−3.3%−6.8%−13%%%17%22%FY14FY20FY26
Jun 26: 38.0% operating margin (+32.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
43%55%24%33%5.0%11%−14%−11%−33%−34%%%38%32%Sep 23Dec 24Jun 26
43%55%24%33%5.0%11%−14%−11%−33%−34%%%38%32%Sep 23Dec 24Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Hindusthan Insulators & Industries Ltd earned ₹37.0 Cr of net profit in the Jun 26 quarter. The full FY26 year was a loss of ₹8.0 Cr. That is 31.9% of the quarter's revenue. The same quarter a year earlier earned ₹0.0 Cr. 4 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹37.0 Cr, null year on year. On the full year, FY26 printed ₹−8.0 Cr (null).

FY26 profit ₹−8.0 Cr (null YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
8259%246%−4−167%−9−379%−15−592%₹ Cr%₹−8−533.3%FY16FY21FY26
8259%246%−4−167%−9−379%−15−592%₹ Cr%₹−8−533.3%FY16FY21FY26
Jun 26: ₹37.0 Cr (null YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
43−258.1%20−258.7%−3−259.3%−26−259.9%−49−260.5%₹ Cr%₹37−259.3%Sep 23Dec 24Jun 26
43−258.1%20−258.7%−3−259.3%−26−259.9%−49−260.5%₹ Cr%₹37−259.3%Sep 23Dec 24Jun 26
08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 773% of Hindusthan Insulators & Industries Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹5.0 Cr of operating cash against ₹−8.0 Cr of profit. After ₹44.0 Cr of capital spending, ₹−39.0 Cr was left as free cash.

FY26: operating cash of ₹5.0 Cr against reported profit of ₹−8.0 Cr, leaving free cash of ₹−39.0 Cr after ₹44.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 773% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹5.0 Cr vs profit ₹−8.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution. FY24/FY26 reflects an acquisition year — point shown clipped.
773% of 3-year profit arrived as cash
Operating cashNet profitFree cash
10031−38−106−175₹ Cr₹5₹−8₹6FY16FY21FY26
10031−38−106−175₹ Cr₹5₹−8₹6FY16FY21FY26
FY26: CFO = 1,000% of profit (three-year rate 773%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
316%258%200%142%84%%300%FY16FY21FY26
316%258%200%142%84%%300%FY16FY21FY26

Why conversion sits at 773%: the cash cycle stretched 154 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Hindusthan Insulators & Industries Ltd's cash conversion cycle runs 292 days in FY26, up from 138 days in FY21. Capital spending ran ₹1.0 Cr over the last 3 years. At FY26 sales of ₹339 Cr each day of that cycle holds about ₹0.9 Cr, so roughly ₹271 Cr sits inside the business at any moment.

FY26: debtors at 54 days, inventory at 339 days — roughly 11.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 292 days, looser than FY21's 138.

The full loop: cash goes out to suppliers and production on day 0; stock waits 339 days to sell; customers pay about 54 days after that; and suppliers themselves are paid at 101 days — netting out to the 292-day cycle.

In money terms: at FY26 sales of ₹339 Cr, each day of the cycle holds about ₹0.9 Cr — so the 292-day loop keeps roughly ₹271 Cr sitting inside the business at any moment.

FY26: a 292-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+154 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
608452297142−14days292d339d54d101dFY14FY17FY20FY23FY26
608452297142−14days292d339d54d101dFY14FY20FY26

On the investment side: capital spending of ₹1.0 Cr over the last 3 fiscal years against ₹29.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹39.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹44.0 Cr, work-in-progress ₹39.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
2361649322−50₹ Cr₹44₹39FY16FY18FY21FY23FY26
2361649322−50₹ Cr₹44₹39FY16FY21FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Hindusthan Insulators & Industries Ltd earns a ROCE of 11% in FY26. That is up from a trough of −3% in FY25. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −2.4% net margin on 0.51× asset turns.

FY26 ROCE is 11%, recovered from a FY25 trough of −3% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): −2.4% net margin × 0.51× asset turns × 1.77× balance-sheet leverage ≈ −2.2% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 11% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY25's −3%
ROCEWACC
13%8.8%4.5%0.0%−4.2%%11%FY14FY17FY20FY23FY26
13%8.8%4.5%0.0%−4.2%%11%FY14FY20FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Hindusthan Insulators & Industries Ltd carries ₹158 Cr of borrowings against ₹374 Cr of equity in FY26, a debt-to-equity of 0.42. Operating profit covers the interest bill 7×. Over 5 years borrowings went from ₹186 Cr to ₹158 Cr. Capital spending ran ₹1.0 Cr across the last 3 of those years.

FY26: borrowings of ₹158 Cr against equity of ₹374 Cr — a debt-to-equity of 0.42. Operating profit covers the interest bill 7×. Over 5 years borrowings went from ₹186 Cr to ₹158 Cr while capital spending ran ₹1.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY26: borrowings ₹158 Cr at 0.42× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
2400.9×1800.7×1200.6×600.5×00.3×₹ Cr×₹1580.42×FY14FY17FY20FY23FY26
2400.9×1800.7×1200.6×600.5×00.3×₹ Cr×₹1580.42×FY14FY20FY26
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Hindusthan Insulators & Industries Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 75.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +0.2 points over 8 quarters to 0.6%; Promoters: +0.0 points over 8 quarters to 75.0%.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersDomestic inst.Public
81%59%38%16%−5.8%%75%0.2%24.8%Mar 24Mar 25Mar 26
81%59%38%16%−5.8%%75%0.2%24.8%Mar 24Mar 25Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersDomestic inst.Public
81%59%38%16%−5.8%%75%0.6%24.4%Sep 23Mar 25Jul 26
81%59%38%16%−5.8%%75%0.6%24.4%Sep 23Mar 25Jul 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Hindusthan Insulators & Industries Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Electric Equipment - General
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Emmvee Photovoltaic Power LtdEMMVEE 72.9/100Favorable setup73% evidence FADING 29.4/35 Revenue 84.1% · PAT 100% · OPM change 1 pp 100% evidence 18.8/25 ROCE 44.8% · OPM 35% 100% evidence 14.7/20 P/E 18.8× · PEG 0.92 65% evidence 10.0/20 RS sector — · RS bench — · 1Y —9 of 12 weeks ahead 0% evidence
Exact sum: 29.4 + 18.8 + 14.7 + 10 = 72.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Fujiyama Power Systems LtdUTLSOLAR 55.4/100Mixed-positive evidence63% evidence BREAKING OUT 21.8/35 Revenue 95% · PAT 62.4% · OPM change 1 pp 100% evidence 13.6/25 ROCE 29.4% · OPM 19% 100% evidence 10.0/20 P/E 32.9× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence
Exact sum: 21.8 + 13.6 + 10 + 10 = 55.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Hindusthan Insulators & Industries Ltdthis page539984 53.2/100Mixed-positive evidence67% evidence TURNING 23.9/35 Revenue 41.8% · PAT 100% · OPM change 32 pp 71% evidence 7.3/25 ROCE 10.6% · OPM 38% 76% evidence 11.0/20 P/E 13.5× · PEG — 15% evidence 11.0/20 RS sector -39.3% · RS bench 81.1% · 1Y -1.3%2 of 12 weeks ahead 100% evidence
Exact sum: 23.9 + 7.3 + 11 + 11 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Indosolar LtdWAAREEINDO 50.2/100Mixed-positive evidence74% evidence ASLEEP 13.0/35 Revenue 7% · PAT -5.7% · OPM change 38 pp 95% evidence 19.8/25 ROCE 124% · OPM 71% 95% evidence 11.5/20 P/E 6.3× · PEG — 15% evidence 5.9/20 RS sector -6.5% · RS bench -41.1% · 1Y -42.4%0 of 10 weeks ahead 70% evidence
Exact sum: 13 + 19.8 + 11.5 + 5.9 = 50.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5ABB India LtdABB 46.3/100Mixed-negative evidence74% evidence BREAKING OUT 17.4/35 Revenue 10.2% · PAT 66.5% · OPM change -1 pp 71% evidence 14.8/25 ROCE 29.9% · OPM 13% 76% evidence 6.8/20 P/E 100× · PEG — 50% evidence 7.3/20 RS sector -19.2% · RS bench 18.5% · 1Y 42.1%5 of 12 weeks ahead 100% evidence
Exact sum: 17.4 + 14.8 + 6.8 + 7.3 = 46.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Saatvik Green Energy LtdSAATVIKGL 45.2/100Mixed-negative evidence73% evidence ASLEEP 7.7/35 Revenue 46.5% · PAT -21.9% · OPM change -12.7 pp 100% evidence 12.0/25 ROCE 32.9% · OPM 6.6% 100% evidence 15.5/20 P/E 20.2× · PEG 0.65 65% evidence 10.0/20 RS sector — · RS bench — · 1Y -10.2%1 of 12 weeks ahead 0% evidence
Exact sum: 7.7 + 12 + 15.5 + 10 = 45.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
7Vidya Wires LtdVIDYAWIRES 43.5/100Mixed-negative evidence60% evidence TURNING 14.5/35 Revenue 31.6% · PAT 40.9% · OPM change -0.5 pp 95% evidence 8.8/25 ROCE 20.6% · OPM 4% 95% evidence 10.2/20 P/E 30× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —4 of 12 weeks ahead 0% evidence
Exact sum: 14.5 + 8.8 + 10.2 + 10 = 43.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Yash Highvoltage Ltd544310 59.4/100Thin evidence · provisional47% evidence LEADER 18.4/35 Revenue — · PAT — · OPM change 3 pp 14% evidence 15.4/25 ROCE 28.6% · OPM 26% 76% evidence 8.7/20 P/E 72.6× · PEG — 15% evidence 16.9/20 RS sector 10.2% · RS bench 55.2% · 1Y 86.8%12 of 12 weeks ahead 100% evidence
Exact sum: 18.4 + 15.4 + 8.7 + 16.9 = 59.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Vivid Electromech LtdVIVIDEL 56.9/100Thin evidence · provisional34% evidence BREAKING OUT 17.0/35 Revenue — · PAT — · OPM change 4 pp 19% evidence 20.9/25 ROCE 58.6% · OPM 24% 95% evidence 9.0/20 P/E 54.9× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —8 of 8 weeks ahead 0% evidence
Exact sum: 17 + 20.9 + 9 + 10 = 56.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
10GP Eco Solutions India LtdGPECO 56.1/100Thin evidence · provisional41% evidence 20.5/35 Revenue — · PAT — · OPM change 10 pp 26% evidence 16.3/25 ROCE 38.3% · OPM 15% 95% evidence 11.3/20 P/E 11.9× · PEG — 15% evidence 8.0/20 RS sector — · RS bench -10.2% · 1Y —4 of 4 weeks ahead to 2026-08-09 25% evidence
Exact sum: 20.5 + 16.3 + 11.3 + 8 = 56.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Parth Electricals & Engineering LtdPARTH 53.7/100Thin evidence · provisional50% evidence LEADER 16.6/35 Revenue — · PAT — · OPM change 1 pp 26% evidence 11.3/25 ROCE 21% · OPM 9% 95% evidence 9.3/20 P/E 51.3× · PEG — 15% evidence 16.5/20 RS sector 14.7% · RS bench 61.7% · 1Y 99.8%12 of 12 weeks ahead 70% evidence
Exact sum: 16.6 + 11.3 + 9.3 + 16.5 = 53.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Indo SMC Ltd544681 53.7/100Thin evidence · provisional31% evidence BREAKING OUT 17.4/35 Revenue — · PAT — · OPM change 4 pp 26% evidence 16.5/25 ROCE 33.9% · OPM 15% 76% evidence 9.8/20 P/E 37.3× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence
Exact sum: 17.4 + 16.5 + 9.8 + 10 = 53.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Saakshi Medtech & Panels LtdSAAKSHI 53.6/100Thin evidence · provisional41% evidence BREAKING OUT 20.4/35 Revenue — · PAT — · OPM change 12 pp 26% evidence 12.3/25 ROCE 14.3% · OPM 20% 95% evidence 9.5/20 P/E 49.6× · PEG — 15% evidence 11.4/20 RS sector — · RS bench 59.4% · 1Y —5 of 6 weeks ahead 25% evidence
Exact sum: 20.4 + 12.3 + 9.5 + 11.4 = 53.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Hindusthan Insulators & Industries Ltd's share price today?

Hindusthan Insulators & Industries Ltd trades at ₹468, −1.3% over the past year. The company is valued at ₹1,012 Cr. The stock sits at 11% of its 52-week range of ₹380–₹1,211, +111.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 23 weeks in. — as of 11 September 2026.

What were Hindusthan Insulators & Industries Ltd's latest quarterly results?

Hindusthan Insulators & Industries Ltd reported revenue of ₹116 Cr and net profit of ₹37.0 Cr for the Jun 26 quarter. Earnings per share were ₹16.95. The operating margin was 38.0%, 32.0 pp higher than a year earlier. — as of 11 September 2026.

What is Hindusthan Insulators & Industries Ltd's revenue?

Hindusthan Insulators & Industries Ltd reported revenue of ₹116 Cr in the Jun 26 quarter, +81.3% year on year. For the full FY26 fiscal year, revenue was ₹339 Cr (+24.2%). Over the last 10 years revenue compounded at −6.7% a year. — as of 11 September 2026.

What is Hindusthan Insulators & Industries Ltd's profit?

Hindusthan Insulators & Industries Ltd earned ₹37.0 Cr of net profit in the Jun 26 quarter. Full-year FY26 profit was ₹−8.0 Cr. The operating margin ran 38.0% in the latest quarter. — as of 11 September 2026.

What is Hindusthan Insulators & Industries Ltd's market cap?

Hindusthan Insulators & Industries Ltd's market capitalisation is ₹1,012 Cr at a share price of ₹468. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Hindusthan Insulators & Industries Ltd's P/E ratio?

Hindusthan Insulators & Industries Ltd trades at a P/E of 13.5×, at the 37th percentile of its own 10-year range, against a long-run median of 17.3×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Hindusthan Insulators & Industries Ltd pay a dividend?

Not in its latest year — Hindusthan Insulators & Industries Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 4 of its last 13 reported fiscal years, so there is a history but no current dividend. — as of 11 September 2026.

Is Hindusthan Insulators & Industries Ltd overvalued?

On its own history, Hindusthan Insulators & Industries Ltd looks mid-range: its P/E of 13.5× sits at the 37th percentile of its 10-year range (long-run median 17.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.

How is Hindusthan Insulators & Industries Ltd performing?

Hindusthan Insulators & Industries Ltd is in a confirmed uptrend, 23 weeks in. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

Is Hindusthan Insulators & Industries Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 23 of stage 2), trading +111.5% versus its 200-day average and at 11% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Hindusthan Insulators & Industries Ltd beating the market?

On recent form, yes — Hindusthan Insulators & Industries Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.1 years the stock moved +85% against the NIFTY 500's +216% — behind the index over the full window. — as of 11 September 2026.

Will Hindusthan Insulators & Industries Ltd's share price go up?

This page publishes no price forecast for Hindusthan Insulators & Industries Ltd. What it measures instead: the share price is ₹468, the price is in a confirmed uptrend 23 weeks in. Its P/E of 13.5× sits at the 37th percentile of its own 10-year range. — as of 11 September 2026.

Who owns Hindusthan Insulators & Industries Ltd?

Promoters hold 75.0% of Hindusthan Insulators & Industries Ltd, foreign institutions null%, domestic institutions 0.6% and the public 24.4% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.

Does Hindusthan Insulators & Industries Ltd have too much debt?

It is moderate — Hindusthan Insulators & Industries Ltd's debt-to-equity is 0.42, and operating profit covers the interest bill 7×. FY26 borrowings were ₹158 Cr against equity of ₹374 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.

What is Hindusthan Insulators & Industries Ltd's capex?

Hindusthan Insulators & Industries Ltd spent ₹1.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹44.0 Cr, with ₹39.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Hindusthan Insulators & Industries Ltd's cash flow?

Hindusthan Insulators & Industries Ltd generated ₹5.0 Cr of operating cash flow in FY26 and ₹−39.0 Cr of free cash flow after ₹44.0 Cr of capital spending. Reported profit that year was ₹−8.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Hindusthan Insulators & Industries Ltd's profit real cash?

Yes — over the last 3 fiscal years, 773% of Hindusthan Insulators & Industries Ltd's reported profit arrived as operating cash. Though the latest year ran at -62% — the trend is the thing to watch. In FY26, operating cash was ₹5.0 Cr against reported profit of ₹−8.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is Hindusthan Insulators & Industries Ltd in its business cycle?

Hindusthan Insulators & Industries Ltd's FY26 operating margin was 17.0%, against a 13-year band of −5.0%–17.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 38.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What could break the Hindusthan Insulators & Industries Ltd story?

Biggest watch item: margins are the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on margins holding. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Hindusthan Insulators & Industries Ltd a stock worth studying right now?

This is not investment advice. The machine read: Hindusthan Insulators & Industries Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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