HIRECT LIMITED
Latest filings
- Routine SEBI Regulation 74(5) certificate filing for July to September 2026 · Compliance
- Postal Ballot Results: New Independent Director and Executive Director/CFO Appointed · Management Changes
- Head Legal resigns to pursue opportunity outside · Management Changes
Snapshot
What the business is, and whether it's a good one at a fair price.
Manufactures power electronics and traction equipment for railways, defence, power, and steel industries, operating two plants at Nashik and Bhandup and exporting to over 30 countries. In FY26, 97.9% of segment revenue came from Engineering Products (Rs 949.176 crore), which covers traction transformers, traction motors, IGBT-based propulsion systems, and TCMS, earning a 12.0% EBIT margin. The remaining 2.1% came from CTC/PICC/EPICC (Rs 20.751 crore), which posted a -6.9% EBIT margin. The company has moved from supplying components to delivering integrated railway propulsion systems, winning a MEMU trainset contract of about Rs 60 crore (24-month delivery) and a Vande Metro propulsion contract of about Rs 60 crore (21-month delivery). It has also secured its first US orders, for traction motor assemblies and IGBT converters for the mining industry, with the latter shipping in FY27. Materials are the dominant cost at 74.5% of revenue, followed by employee costs at 11.2% and other operating expenses at 6.7%.
Scorecard
Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice
Strengths
Concerns
Charts
How has the market priced it — with filings on the timeline?
HIRECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from HIRECT LIMITED's filed financials and exchange disclosures
What does HIRECT LIMITED do?
HIRECT LIMITED is a Industrial Manufacturing company listed on NSE and BSE, trading under the symbol HIRECT.
Is HIRECT LIMITED profitable?
Yes. Over the trailing twelve months HIRECT LIMITED reported a net profit of ₹32 Cr on revenue of ₹1,043 Cr.
Does HIRECT LIMITED pay a dividend?
Yes. The dividend yield is 0.10% at the current price. It paid out 9% of its profit as dividend in FY26.
Is HIRECT LIMITED debt-free?
No. It reported borrowings of ₹237 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹233 Cr after cash. Debt stands at 1.15× equity. That is higher than 91% of its 113 Industrial Products peers.
Is HIRECT LIMITED expensive compared with its peers?
On trailing P/E, HIRECT LIMITED ranks 89 of 130 in Industrial Products — cheaper than 32% of them, against an industry median of 26.5×. This is a position, not a valuation judgement.
How much does the HIRECT LIMITED share price move in a day?
On a typical session HIRECT LIMITED moves 1.66% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.
Where can I track HIRECT LIMITED's announcements?
Every NSE and BSE filing by HIRECT LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.