Modern Insulators vs RattanIndia Power vs Hind Rectifiers: Which Stock Should You Track

Modern Insulators vs RattanIndia Power vs Hind Rectifiers starts with the core numbers most investors compare within the power and power equipment segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the power and power equipment bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Modern Insulators, RattanIndia Power and Hind Rectifiers: Company Overview

Modern Insulators is a listed Indian company in the power and power equipment space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 2,426 crore, a return on equity of 14.69% and a book value of Rs 115.24 per share. Its quarterly revenue moved from Rs 146.67 crore in June 2025 to Rs 197.69 crore in June 2026, a change of +34.8%.

RattanIndia Power is a listed Indian company in the power and power equipment space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 3,453 crore, a return on equity of 1.13% and a book value of Rs 8.64 per share. Its quarterly revenue moved from Rs 920.89 crore in June 2025 to Rs 866.43 crore in June 2026, a change of -5.9%.

Hind Rectifiers is a listed Indian company in the power and power equipment space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 3,887 crore, a return on equity of 21.58% and a book value of Rs 87.02 per share. Its quarterly revenue moved from Rs 215.00 crore in June 2025 to Rs 262.78 crore in June 2026, a change of +22.2%.

Modern Insulators vs RattanIndia Power vs Hind Rectifiers: Valuation and Profitability Snapshot

Metric	Modern Insulators	RattanIndia Power	Hind Rectifiers
Market Cap (approx.)	Rs 2,426 crore	Rs 3,453 crore	Rs 3,887 crore
PE Ratio (TTM)	25.77	30.62	120.21
PB Ratio	4.47	0.74	12.60
Return on Equity (ROE)	14.69%	1.13%	21.58%
EPS (TTM, Rs)	19.97	0.21	9.12
Dividend Yield	0.00%	0.00%	0.12%
Debt to Equity	0.13	0.80	1.17
Book Value per Share (Rs)	115.24	8.64	87.02

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On valuation, Modern Insulators trades at a PE of 25.77 and a PB of 4.47, RattanIndia Power at a PE of 30.62 and a PB of 0.74, while Hind Rectifiers trades at a PE of 120.21 and a PB of 12.60. On return on equity, the three post 14.69%, 1.13% and 21.58% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.12%. Hind Rectifiers has the highest market capitalisation of the three at Rs 3,887 crore, while Modern Insulators has the lowest at Rs 2,426 crore. Hind Rectifiers has the highest PE ratio of the three at 120.21, while Modern Insulators has the lowest at 25.77. Hind Rectifiers has the highest return on equity of the three at 21.58%, while RattanIndia Power has the lowest at 1.13%. Hind Rectifiers has the highest debt to equity ratio of the three at 1.17, while Modern Insulators has the lowest at 0.13. Debt to equity is 0.13, 0.80 and 1.17 for the three respectively.

Modern Insulators vs RattanIndia Power vs Hind Rectifiers: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Modern Insulators	Rs 197.69 crore	Rs 29.60 crore	+34.8%	-5.1%	+94.5%
RattanIndia Power	Rs 866.43 crore	Rs 45.85 crore	-5.9%	+1.3%	NA
Hind Rectifiers	Rs 262.78 crore	Rs 6.50 crore	+22.2%	-6.5%	-49.1%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Modern Insulators vs RattanIndia Power vs Hind Rectifiers: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Modern Insulators vs RattanIndia Power vs Hind Rectifiers, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Modern Insulators	RattanIndia Power	Hind Rectifiers
June 2025	Rs 146.67 crore	Rs 920.89 crore	Rs 215.00 crore
September 2025	Rs 183.44 crore	Rs 743.41 crore	Rs 227.28 crore
December 2025	Rs 203.36 crore	Rs 826.65 crore	Rs 277.60 crore
March 2026	Rs 208.25 crore	Rs 855.11 crore	Rs 280.90 crore
June 2026	Rs 197.69 crore	Rs 866.43 crore	Rs 262.78 crore

Quarterly net profit (Rs crore)

Quarter	Modern Insulators	RattanIndia Power	Hind Rectifiers
June 2025	Rs 15.22 crore	-Rs 13.11 crore	Rs 12.77 crore
September 2025	Rs 16.59 crore	-Rs 31.55 crore	Rs 14.72 crore
December 2025	Rs 24.13 crore	Rs 54.26 crore	Rs 12.70 crore
March 2026	Rs 23.84 crore	Rs 42.84 crore	-Rs 1.59 crore
June 2026	Rs 29.60 crore	Rs 45.85 crore	Rs 6.50 crore

Modern Insulators reported revenue of Rs 146.67 crore in June 2025 and Rs 197.69 crore in June 2026, a change of +34.8% across the period. Its highest quarterly revenue in this window was Rs 208.25 crore in March 2026. Net profit stood at Rs 29.60 crore in June 2026, which is a net profit margin of 14.97%.

RattanIndia Power reported revenue of Rs 920.89 crore in June 2025 and Rs 866.43 crore in June 2026, a change of -5.9% across the period. Its highest quarterly revenue in this window was Rs 920.89 crore in June 2025. Net profit stood at Rs 45.85 crore in June 2026, which is a net profit margin of 5.29%. RattanIndia Power reported a net loss in June 2025 and September 2025.

Hind Rectifiers reported revenue of Rs 215.00 crore in June 2025 and Rs 262.78 crore in June 2026, a change of +22.2% across the period. Its highest quarterly revenue in this window was Rs 280.90 crore in March 2026. Net profit stood at Rs 6.50 crore in June 2026, which is a net profit margin of 2.47%. Hind Rectifiers reported a net loss in March 2026.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three power and power equipment names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as power demand, tariff and fuel costs, order book size and debt levels. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Modern Insulators, RattanIndia Power and Hind Rectifiers directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Modern Insulators vs RattanIndia Power vs Hind Rectifiers highlights how differently three companies in the same power and power equipment segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Modern Insulators vs RattanIndia Power vs Hind Rectifiers

What is the market cap difference between Modern Insulators, RattanIndia Power and Hind Rectifiers?

Ans. As of October 2026, Modern Insulators has a market cap of approximately Rs 2,426 crore, RattanIndia Power is at approximately Rs 3,453 crore, and Hind Rectifiers is at approximately Rs 3,887 crore.

What are the PE and PB ratios of Modern Insulators, RattanIndia Power and Hind Rectifiers?

Ans. As of October 2026, the PE ratios stand at 25.77, 30.62 and 120.21 respectively, and the price to book ratios stand at 4.47, 0.74 and 12.60 respectively.

Which of the three has the highest ROE?

Ans. Modern Insulators, RattanIndia Power and Hind Rectifiers post ROE of 14.69%, 1.13% and 21.58% respectively as of October 2026. Hind Rectifiers has the highest return on equity of the three at 21.58%, while RattanIndia Power has the lowest at 1.13%.

Which of these three stocks pays the highest dividend yield?

Ans. Modern Insulators, RattanIndia Power and Hind Rectifiers carry dividend yields of 0.00%, 0.00% and 0.12% respectively.

What is the debt to equity ratio for Modern Insulators, RattanIndia Power and Hind Rectifiers?

Ans. Modern Insulators carries a debt to equity of 0.13, RattanIndia Power of 0.80, and Hind Rectifiers of 1.17.

What were the latest quarterly revenue and net profit of Modern Insulators, RattanIndia Power and Hind Rectifiers?

Ans. For Q1 FY27 (quarter ended June 2026), Modern Insulators reported revenue of Rs 197.69 crore and net profit of Rs 29.60 crore, RattanIndia Power reported revenue of Rs 866.43 crore and net profit of Rs 45.85 crore, and Hind Rectifiers reported revenue of Rs 262.78 crore and net profit of Rs 6.50 crore.

Does this comparison recommend one of Modern Insulators, RattanIndia Power and Hind Rectifiers?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.