Hirect Limited

BSE: HIRECT504036ISIN INE835D01023

Industrials
Industrial Products
BSE Industrials

Share price

₹994.60+40.95 (+4.29%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

27 Mar 2026 · Bonus 1:1

52W high: ₹1,400.00
52W low: ₹568.55
Off 52W high: -28.96%
1M return: -10.45%
3M return: -25.27%
6M return: +10.29%
1Y return: +7.18%
20D avg volume: 2,741
50 DMA: ₹1,146.80
200 DMA: ₹992.69

Key ratios Consolidated

Market cap: ₹3,527 Cr
Current price: ₹994.60
52W high / low: ₹1,400.00 / ₹568.55
Face value: ₹2.00
P/E: 109.07
P/B: —
EPS (TTM): ₹9.12
Book value / share: —
ROE: —
ROCE: 26.30%
Operating margin: —
Net margin: —
Debt / equity: 1.15
Net debt: ₹232.80 Cr
Interest cover: 4.37
Dividend yield: 0.14%
Dividend / share (TTM): ₹1.40
Payout: 15.35%
Cash conversion cycle: 101.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q4 FY24
Income statement
	258.45	279.81	277.39	227.15	214.77	185.05	168.94	—
	4.33	1.08	0.21	0.13	0.23	0.34	0.50	—
	262.77	280.90	277.60	227.27	215.00	185.39	169.45	—
	254.67	279.33	261.00	207.63	196.90	171.38	155.99	—
	218.03	204.97	197.73	186.75	154.95	137.16	127.29	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	40.80	39.23	34.73	19.16	18.93	17.33	15.86	—
	4.74	4.09	4.71	3.56	3.62	4.02	2.52	—
	4.71	3.85	4.45	2.81	2.73	2.21	2.15	—
	19.19	23.33	18.07	12.53	13.07	10.80	10.68	—
	8.10	1.56	16.59	19.64	18.10	14.01	13.46	—
	3.53	-0.72	-1.28	0.00	0.00	0.00	0.00	—
	11.63	0.85	15.32	19.64	18.10	14.01	13.46	—
	5.13	2.44	2.62	4.92	5.34	4.01	3.45	—
	6.50	-1.59	12.70	14.72	12.77	9.99	10.01	—
	2.74	1.52	7.58	8.58	7.44	5.83	5.84	—
Key metrics
	21.08	8.79	24.48	26.01	24.45	20.24	18.13	—
	8.20%	3.10%	8.80%	11.50%	11.40%	10.90%	10.70%	—
	2.50%	-0.60%	4.60%	6.50%	5.90%	5.40%	5.90%	—
	—	1.90%	—	9.40%	—	9.10%	—	—
	20.30%	51.20%	64.20%	—	—	—	—	—
	-49.10%	-115.90%	26.90%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,043	999.12	655.37	—
	5.75	1.65	1.48	—
	1,049	1,001	656.85	—
	1,003	944.86	606.74	—
	807.48	744.40	501.11	—
	0.00	0.00	0.00	—
	133.92	112.05	63.26	—
	17.10	15.98	13.19	—
	15.82	13.83	8.49	—
	73.12	67.00	43.51	—
	45.89	55.91	50.11	—
	1.53	-2.00	0.00	—
	47.44	53.91	50.11	—
	15.11	15.31	13.00	—
	32.33	38.60	37.11	—
	20.42	13.68	21.64	—
Key metrics
	80.36	83.72	71.79	—
	7.71%	8.40%	11.00%	—
	3.10%	3.90%	5.70%	—
	—	26.30%	31.80%	—
	—	52.50%	—	—
	—	4.00%	—	—
	—	-11.58	12.90	—
	—	2.22	0.96	—
	—	1.15	0.99	—
	—	232.80	158.69	—
	—	101.1	94.8	—
Balance sheet
	—	662.07	417.29	—
	—	442.20	263.75	—
	—	3.91	0.29	—
	—	246.42	109.55	—
	—	149.11	120.73	—
	—	27.16	23.50	—
	—	171.52	86.65	—
	—	118.89	59.92	—
	—	396.34	218.43	—
	—	236.71	158.98	—
	—	204.21	130.58	—
	—	32.50	28.40	—
	—	205.81	159.87	—
Cash flow
	—	85.81	35.62	—
	—	-90.27	-25.31	—
	—	8.11	-10.74	—
	—	97.39	22.72	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	236.39	264.02	243.27	227.15	214.77	185.05	168.94	165.84	135.53	151.36	136.63	131.98
	0.32	0.40	0.21	0.13	0.23	0.34	0.50	0.13	0.51	0.38	0.08	0.10
	236.71	264.42	243.48	227.28	215.00	185.39	169.45	165.98	136.03	151.74	136.71	132.07
	220.00	244.88	225.85	207.61	196.85	171.23	155.99	153.04	126.31	143.99	128.39	126.08
	207.25	194.79	185.88	186.75	154.95	137.16	127.29	127.77	108.89	105.81	99.37	105.25
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	23.75	21.44	19.37	19.16	18.93	17.33	15.86	15.73	14.34	13.90	14.55	13.56
	4.63	4.01	4.65	3.56	3.62	4.02	2.52	3.40	3.26	4.13	3.23	2.84
	4.04	3.70	3.40	2.81	2.73	2.21	2.15	2.11	2.01	2.00	2.02	1.88
	11.49	13.72	11.23	12.51	13.02	10.64	10.68	12.51	9.52	10.38	8.75	9.93
	16.71	19.54	17.63	19.67	18.15	14.16	13.46	12.93	9.72	7.74	8.32	6.00
	3.53	-0.72	-1.28	0.00	0.00	0.00	—	—	—	—	-6.99	—
	20.23	18.82	16.35	19.67	18.15	14.16	13.46	12.93	9.72	7.74	1.32	6.00
	5.14	2.44	2.62	4.92	5.34	4.01	3.45	2.75	2.79	2.62	0.19	2.02
	15.09	16.38	13.73	14.75	12.81	10.15	10.01	10.19	6.93	5.12	1.52	3.98
	4.39	4.98	7.99	8.59	7.47	5.92	5.84	5.95	4.04	2.99	0.89	2.32
Key metrics
	28.90	26.53	24.40	26.04	24.50	20.39	18.13	18.44	14.99	13.87	6.57	10.72
	12.20%	10.00%	10.00%	11.50%	11.40%	11.00%	10.70%	11.10%	11.10%	9.20%	4.80%	8.10%
	6.40%	6.20%	5.60%	6.50%	6.00%	5.50%	5.90%	6.10%	5.10%	3.40%	1.10%	3.00%
	—	8.60%	—	9.40%	—	9.10%	—	—	—	—	—	—
	10.10%	42.70%	44.00%	37.00%	58.50%	22.30%	23.60%	25.70%	—	—	—	—
	17.80%	61.40%	37.20%	44.70%	84.80%	98.20%	558.60%	156.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	970.83	949.21	655.37	517.55	359.10	372.10
	1.06	0.96	1.48	0.61	0.26	0.34
	971.89	950.17	656.85	518.16	359.36	372.44
	898.34	875.19	606.58	493.48	357.28	361.28
	774.67	722.37	501.11	381.56	290.12	289.31
	0.00	0.00	0.00	—	—	—
	83.72	78.89	63.26	52.35	39.07	36.64
	16.85	15.85	13.19	12.73	8.13	6.88
	13.95	12.63	8.49	7.45	5.14	4.49
	48.95	50.48	43.35	36.64	25.37	24.93
	73.55	74.98	50.27	24.68	2.08	11.16
	1.53	-2.00	0.00	-6.99	-10.77	—
	75.07	72.98	50.27	17.69	-8.68	11.16
	15.12	15.31	13.00	5.18	2.32	3.36
	59.95	57.67	37.27	12.51	-6.36	7.80
	25.95	17.37	21.73	11.39	-3.84	4.71
Key metrics
	105.87	101.46	71.95	37.87	4.59	22.53
	10.91%	10.70%	11.00%	7.30%	1.30%	6.10%
	6.18%	6.10%	5.70%	2.40%	-1.80%	2.10%
	—	33.30%	31.90%	—	—	—
	32.16%	44.80%	26.60%	44.10%	-3.50%	—
	38.90%	54.70%	197.90%	296.70%	-181.50%	—
	—	20.32	12.90	—	—	—
	—	1.57	0.96	—	—	—
	—	1.00	0.99	—	—	—
	—	221.96	158.69	—	—	—
	—	96.3	94.8	—	—	—
Balance sheet
	—	612.61	417.58	—	—	—
	—	405.25	263.75	—	—	—
	—	0.32	0.29	—	—	—
	—	227.10	109.55	—	—	—
	—	135.28	120.73	—	—	—
	—	22.85	23.50	—	—	—
	—	146.69	86.65	—	—	—
	—	111.75	59.92	—	—	—
	—	345.86	218.56	—	—	—
	—	222.28	158.98	—	—	—
	—	189.78	130.58	—	—	—
	—	32.50	28.40	—	—	—
	—	221.26	160.03	—	—	—
Cash flow
	—	90.68	35.62	—	—	—
	—	-84.76	-25.31	—	—	—
	—	-5.66	-10.74	—	—	—
	—	70.36	22.72	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +38.27%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +32.16%
Profit YoY (TTM): +38.90%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 42.59%

Quarter	September 2026	June 2026
Promoter %	42.59%	42.57%

Holder	Type	Holding	Previous	Change
SAURABH SUSHIL NEVATIA	Promoter	20.35%	20.35%	0.00%
SURAMYA SAURABH NEVATIA	Promoter	14.53%	14.52%	+0.01%
BTR INDUSTRIES LTD	Public	6.77%	6.77%	0.00%
TATA MUTUAL FUND - TATA SMALL CAP FUND	Public	3.06%	—	—
CASSINI PARTNERS L.P. MANAGED BY HABROK	Public	2.85%	2.85%	0.00%
SURYANSH SAURABH NEVATIA	Promoter Group	2.70%	2.70%	0.00%
HABROK INDIA MASTER LP	Public	2.65%	2.65%	0.00%
SHRIYA SAURABH NEVATIA	Promoter Group	2.03%	2.03%	0.00%
NIRAJ BAJAJ .	Public	1.69%	1.69%	0.00%
BHARTI SAURABH NEVATIA	Promoter Group	1.53%	1.53%	0.00%
MUKUL MAHAVIR AGRAWAL	Public	1.41%	1.41%	0.00%
SURABHI GOLYAN	Promoter Group	1.41%	1.41%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND A	Public	1.37%	1.25%	+0.12%
AKSHADA SURAMYA NEVATIA	Promoter Group	0.04%	—	—
Caelora Capital FZCO	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
INDO-MIM Limited	61,335	1,240.40	—	—	—	—	—
Aditya Infotech Limited	49,092	4,003.35	102.86	26.00%	—	—	+202.77%
Syrma SGS Technology Limited	29,119	1,510.10	63.38	14.80%	+62.42% TTM	+90.86% TTM	+92.49%
Zetwerk Manufacturing Businesses Limited	27,998	165.25	-28.27 FY26	6.71% Q1 FY27	+40.43% FY26	—	—
Honeywell Automation India Ltd. S	26,304	29,750.35	46.53	15.70%	+5.29% TTM	+9.54% TTM	-19.09%
Jyoti CNC Automation Limited	23,514	1,033.95	76.15	22.00%	+17.61% TTM	-10.78% TTM	+10.01%
KAYNES TECHNOLOGY INDIA LIMITED	22,352	3,325.10	64.66	12.00%	+34.85% TTM	+8.89% TTM	-49.97%
LMW Limited	18,543	17,357.75	90.41	5.90%	+19.37% TTM	+71.62% TTM	+9.94%
Tega Industries Limited	13,632	1,814.45	-14,687.86	6.10%	+84.88% TTM	-100.47% TTM	-6.81%
LLOYDS ENGINEERING WORKS LIMITED	12,845	82.98	53.81	12.30%	+82.99% TTM	+70.53% TTM	+38.32%
Bonfiglioli Transmissions Limited	12,422	660.75	—	—	—	—	—
Dynamatic Technologies Ltd.	8,595	12,655.05	202.56	9.20%	+17.28% TTM	+0.02% TTM	+49.53%
STANDARD ENGINEERING TECHNOLOGY LIMITED	8,333	417.70	93.99	14.70%	—	—	+133.94%
Kennametal India Limtied S	8,317	3,784.30	42.43	—	+29.08% TTM	+90.48% TTM	+80.46%
Omnitech Engineering Limited	8,215	664.25	—	18.30%	—	—	—
HMT Limited	8,132	54.44	-49.29	3.20%	+8.82% TTM	+6.28% TTM	-1.86%
Raymond Limited	7,637	1,147.10	93.20	-0.50%	-5.56% TTM	-98.52% TTM	+100.56%
Spectrum Electrical Industries Limited	7,293	4,268.25	126.77	16.30%	—	—	+190.47%
GMM Pfaudler Ltd.	5,943	1,322.00	87.49	9.00%	+13.91% TTM	+71.89% TTM	+3.00%
Lohia Corp Limited	5,726	541.95	—	—	—	—	—
Praj Industries Ltd.	4,691	255.20	137.98	4.90%	+1.76% TTM	-67.78% TTM	-24.66%
HD Fire Protect Limited	4,651	265.40	—	—	—	—	—
TEMPSENS INSTRUMENTS (INDIA) LIMITED	4,545	542.20	—	—	+37.74% FY25	+52.86% FY25	—
DEE DEVELOPMENT ENGINEERS LIMITED	4,287	569.75	53.51	14.50%	+40.01% TTM	+49.51% TTM	+131.18%
Shanthi Gears Ltd. S	3,802	495.65	65.56	22.90%	-14.22% TTM	-37.57% TTM	+5.08%
Hirect Limited S	3,527	994.60	58.82	33.30%	+32.16% TTM	+38.90% TTM	+7.18%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Earnings Conference Call to discuss the financial and operational performance for Q2 &H1FY27 is scheduled to be held on November 11, 2026.4 Nov 2026 · Company Update / Analyst / Investor Meet
Hirect Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/11/2026 ,inter alia, to consider and approve the Un-audited Standalone and Consolidated ....3 Nov 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018, for the quarter ended September 30, 20266 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Scrutinizer Report5 Oct 2026 · AGM/EGM / Postal Ballot
Outcome of Postal Ballot5 Oct 2026 · AGM/EGM / Postal Ballot
sale of residual part of non-operational Dehradun Plant24 Sep 2026 · Company Update / General
Intimation of resignation of Senior Management Personnel of the Company24 Sep 2026 · Company Update / Change in Management
Intimation of closure of Trading Window24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication of Postal Ballot Notice4 Sep 2026 · Company Update / Newspaper Publication
Postal Ballot Notice - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20153 Sep 2026 · AGM/EGM / Postal Ballot
Crisil reaffirmed earlier rating21 Aug 2026 · Company Update / Credit Rating
Q1FY27 Earnings Conference Call Transcript18 Aug 2026 · Company Update / Earnings Call Transcript
Intimation regarding the dispatch of Dividend17 Aug 2026 · Company Update / General
Intimation of Schedule of Analyst / Institutional Investor meetings14 Aug 2026 · Company Update / Analyst / Investor Meet
Q1FY27 Earnings Conference Call Recording12 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication12 Aug 2026 · Company Update / Newspaper Publication
Investor Presentation on the unaudited financial results for the quarter ended on June 30, 2026.11 Aug 2026 · Company Update / Investor Presentation
Press Release - Hirect Limited reports healthy performance driven by sustained business momentum11 Aug 2026 · Company Update / Press Release / Media Release
Scrutinizer Report11 Aug 2026 · AGM/EGM / AGM
Proceedings of the 68th Annual General Meeting (AGM) of the Company11 Aug 2026 · AGM/EGM / AGM
Appointment of Mr. Chidambaram Balakrishnan as a Global Chief Executive Officer and Senior Management Personnel11 Aug 2026 · Company Update / Change in Management
Resignation of Mr. Douglas J. Bailey as Global Chief Executive Officer and Senior Management Personnel11 Aug 2026 · Company Update / Cessation
Appointment of Mr. Anil Kumar Nemani as an Additional Director and a Whole-Time Director, to be designated as Executive Director and Chief Financial Officer11 Aug 2026 · Company Update / Change in Management
Appointment of Mr. Rahul Rai as an Additional Director (Non-Executive Independent Director).11 Aug 2026 · Company Update / Change in Management
Approval of unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 202611 Aug 2026 · Result / Financial Results
Approval of unaudited standalone and consolidated financial results of the Compnay for the quarter ended June 30, 202611 Aug 2026 · Board Meeting / Outcome of Board Meeting
Earnings Conference Call to discuss the financial and operational performance for Q1FY27 is scheduled6 Aug 2026 · Company Update / Analyst / Investor Meet
Hind Rectifiers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve Intimation of the Board Meeting ....4 Aug 2026 · Board Meeting / Board Meeting
Hirect Secures Order from the United States for IGBT Converters for the Mining Industry.31 Jul 2026 · Company Update / Press Release / Media Release
Press Release - Hirect Secures First Order from the United States for Traction Motor Assemblies29 Jul 2026 · Company Update / Press Release / Media Release
Intimation of New Logo of the Company28 Jul 2026 · Company Update / General
Hirect secures maiden MEMU Trainset order, marking entry into next-generation Rail Systems27 Jul 2026 · Company Update / Press Release / Media Release
Hirect Secures First Vande Metro Development Order, Expands Presence in Next Generation Trainset Applications27 Jul 2026 · Company Update / Press Release / Media Release
The Company has secured its maiden order for Mainline Electric Multiple Unit (MEMU) trainsets from Modern Coach Factory26 Jul 2026 · Company Update / Award of Order / Receipt of Order
The Company has secured its first development order for Vande Metro (Namo Bharat) trainset from Indian Railways.25 Jul 2026 · Company Update / Award of Order / Receipt of Order
Change in Name of the Company from Hind Rectifiers Limited to Hirect Limited.24 Jul 2026 · Company Update / General
Pursuant to the provisions of Regulation 30 of the SEBI Listing Regulations, we hereby inform you that pursuant to the approval granted by the Board of Directors of the Company at its meeting ....21 Jul 2026 · Company Update / Allotment of Equity Shares
Newspaper publication regarding notice of AGM and e-voting information.15 Jul 2026 · Company Update / Newspaper Publication
Physical letter to Shareholders pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201514 Jul 2026 · Company Update / General
Annual Report for the financial year 2025-202614 Jul 2026 · Others / Reg. 34 (1) Annual Report

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.4000	4 Aug 2026	4 Aug 2026	—
Bonus issue 1:1	27 Mar 2026	27 Mar 2026	—
Final Dividend - Rs. - 2.0000	22 Jul 2025	22 Jul 2025	—
Final Dividend - Rs. - 1.2000	25 Jul 2024	—	—

Board meetings

10 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results