HIRECT LIMITED (HIRECT) financials

HIRECT LIMITED (HIRECT) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

HRL manufactures power electronic equipment such as converters, inverters, propulsion system, rectifiers and railway transformation equipment like traction transformer for locomotive, motors, various types of panels for locomotive switch board cabinet, regulated battery charger, inverters and modular pantry. The manufacturing facilities are in Mumbai and Nasik, Maharashtra, and Dehradun, Uttarakh…

Market Cap: ₹3,958Cr.
Current Price: ₹1,116
Stock P/E: 67.0
ROE: 31.1%
ROCE: 23.7%
Book Value: ₹64.4
Dividend Yield: 0.13%
52W High / Low: ₹1,400/565

In Jun 2026, HIRECT LIMITED (HIRECT) reported sales ₹236 Cr and net profit ₹15 Cr.

Annual TTM: sales ₹971 Cr, net profit ₹60 Cr.

Shareholding: Promoters 42.59% (Sep 2026), FIIs 6.84% (Sep 2026), DIIs 3.16% (Sep 2026), Public 47.40% (Sep 2026), No. of Shareholders 22,375% (Sep 2026).

HIRECT quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	166	169	185	215	227	243	264	236
Expenses	148	151	165	190	201	218	237	211
Operating Profit	18	18	20	24	26	25	27	25
OPM %	11%	10%	11%	11%	11%	10%	10%	11%
Other Income	0	0	0	0	0	-1	-0	4
Interest	3	3	4	4	4	5	4	5
Depreciation	2	2	2	3	3	3	4	4
Profit before tax	13	13	14	18	20	16	19	20
Tax %	21%	26%	28%	29%	25%	16%	13%	25%
Net Profit	10	10	10	13	15	14	16	15
EPS in Rs	2.97	2.92	2.96	3.73	4.29	3.99	4.77	4.39
Raw PDF	—	—	—	—	—	—	—	—

HIRECT profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	300	305	372	359	518	655	949	971
Expenses	262	285	349	344	473	584	846	868
Operating Profit	38	20	23	15	45	71	103	103
OPM %	13%	7%	6%	4.3%	9%	11%	11%	11%
Other Income	0	0	0	-10	-6	1	-1	3
Interest	8	9	7	8	13	14	16	17
Depreciation	4	4	4	5	7	8	13	14
Profit before tax	26	7	11	-9	18	50	73	75
Tax %	30%	28%	30%	-27%	29%	26%	21%	—
Net Profit	18	5	8	-6	13	37	58	60
EPS in Rs	5.58	1.61	2.36	-1.86	3.65	10.87	16.78	17.44
Dividend Payout %	7%	12%	8%	0%	16%	9%	8%	—

HIRECT balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3	3	3	3	3	3	3	7
Reserves	75	92	96	104	108	121	157	214
Borrowings	64	90	84	75	105	135	164	226
Other Liabilities	43	57	57	64	76	71	93	165
Total Liabilities	185	243	241	246	292	331	418	613
Fixed Assets	26	33	41	48	80	90	107	167
CWIP	14	18	20	28	21	22	12	9
Investments	0	6	0	0	0	0	0	18
Other Assets	144	185	180	170	192	219	298	418
Total Assets	185	243	241	246	292	331	418	613

HIRECT cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	6	4	22	36	33	34	36	91
Cash from Investing Activity	-10	-22	-8	-20	-29	-19	-25	-85
Cash from Financing Activity	3	19	-15	-17	-4	-14	-11	-6
Net Cash Flow	-1	1	-1	-0	0	0	-0	0
Free Cash Flow	-4	-11	8	16	4	20	14	20
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	31%	22%	118%	170%	218%	76%	61%	101%

HIRECT shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	43.98%	43.98%	43.98%	43.93%	43.93%	43.93%	43.92%	42.59%
FIIs	6.28%	6.03%	6.30%	6.64%	6.21%	6.38%	6.57%	6.84%
DIIs	0.07%	0.01%	0.06%	0.13%	0.13%	0.13%	0.20%	3.16%
Public	49.64%	49.96%	49.63%	49.31%	49.73%	49.55%	49.31%	47.40%
No. of Shareholders	16,593	18,241	18,496	24,038	23,276	21,700	22,270	22,375

HIRECT key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	90	99	105	66	69	63	61	87
Inventory Days	106	121	106	97	121	92	92	69
Days Payable	65	69	65	60	69	45	46	57
Cash Conversion Cycle	132	151	146	104	120	110	107	99
Working Capital Days	60	57	58	50	34	24	25	22
ROCE %	19%	21%	9%	10%	5%	16%	22%	24%

HIRECTUpdated 18 Oct 2026, 9:48

Hirect Limited

HIRECTUpdated 18 Oct 2026, 9:48

Market Cap

₹3,958Cr.

Current Price

₹1,116

High / Low

₹1,400/565

Stock P/E

67.0

ROE31.1%

ROCE23.7%

Book Value₹64.4

Face Value₹2.00

Dividend Yield0.13%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	98	3	91	0	2	3	28	2	0.56
Sep 2023	132	3	121	0	2	6	34	4	1.16
Dec 2023	137	3	123	-7	2	1	-14	2	0.44
Mar 2024	151	4	138	0	2	8	34	5	1.49
Jun 2024	136	3	121	1	2	10	29	7	2.02
Sep 2024	166	3	148	0	2	13	21	10	2.97
Dec 2024	169	3	151	0	2	13	26	10	2.92
Mar 2025	185	4	165	0	2	14	28	10	2.96
Jun 2025	215	4	190	0	3	18	29	13	3.73
Sep 2025	227	4	201	0	3	20	25	15	4.29
Dec 2025	243	5	218	-1	3	16	16	14	3.99
Mar 2026	264	4	237	0	4	19	13	16	4.77
Jun 2026	236	5	211	4	4	20	25	15	4.39

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	94	2	96	0	1	-6	-40	-4	-1.08
Mar 2016	94	3	92	1	2	-2	-31	-2	-0.46
Mar 2017	111	5	107	-7	2	-10	-27	-7	-2.15
Mar 2018	126	6	116	0	2	2	35	1	0.4
Mar 2019	255	8	229	1	3	17	29	12	3.56
Mar 2020	300	8	262	0	4	26	30	18	5.58
Mar 2021	305	9	285	0	4	7	28	5	1.61
Mar 2022	372	7	349	0	4	11	30	8	2.36
Mar 2023	359	8	344	-10	5	-9	-27	-6	-1.86
Mar 2024	518	13	473	-6	7	18	29	13	3.65
Mar 2025	655	14	584	1	8	50	26	37	10.87
Mar 2026	949	16	846	-1	13	73	21	58	16.78
TTM	971	17	868	3	14	75	—	60	17.44

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	42.59%
FIIs	6.84%
DIIs	3.16%
Public	47.4%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	44.08%	5.72%	0.01%	50.18%
Mar 2024	44.05%	5.76%	0.01%	50.16%
Jun 2024	44.05%	5.82%	0.01%	50.13%
Sep 2024	44.05%	5.97%	0.01%	49.95%
Dec 2024	43.98%	6.28%	0.07%	49.64%
Mar 2025	43.98%	6.03%	0.01%	49.96%
Jun 2025	43.98%	6.3%	0.06%	49.63%
Sep 2025	43.93%	6.64%	0.13%	49.31%
Dec 2025	43.93%	6.21%	0.13%	49.73%
Mar 2026	43.93%	6.38%	0.13%	49.55%
Jun 2026	43.92%	6.57%	0.2%	49.31%
Sep 2026	42.59%	6.84%	3.16%	47.4%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	3	60	26	26	116	18	1	0	96	116
Mar 2016	3	59	32	30	123	21	2	0	101	123
Mar 2017	3	50	41	19	113	20	5	0	88	113
Mar 2018	3	63	51	35	153	27	4	0	121	153
Mar 2019	3	75	64	43	185	26	14	0	144	185
Mar 2020	3	92	90	57	243	33	18	6	185	243
Mar 2021	3	96	84	57	241	41	20	0	180	241
Mar 2022	3	104	75	64	246	48	28	0	170	246
Mar 2023	3	108	105	76	292	80	21	0	192	292
Mar 2024	3	121	135	71	331	90	22	0	219	331
Mar 2025	3	157	164	93	418	107	12	0	298	418
Mar 2026	7	214	226	165	613	167	9	18	418	613

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	2	-3	0	0
Mar 2016	5	-5	3	4
Mar 2017	-3	-4	4	-3
Mar 2018	-4	-10	15	1
Mar 2019	6	-10	3	-1
Mar 2020	4	-22	19	1
Mar 2021	22	-8	-15	-1
Mar 2022	36	-20	-17	0
Mar 2023	33	-29	-4	0
Mar 2024	34	-19	-14	0
Mar 2025	36	-25	-11	0
Mar 2026	91	-85	-6	0

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	221	174	117	161	90	99	105	66	69	63	61	87
Inventory Days	117	180	126	143	106	121	106	97	121	92	92	69
Days Payable	97	124	57	115	65	69	65	60	69	45	46	57
Cash Conversion Cycle	241	230	185	188	132	151	146	104	120	110	107	99
Working Capital Days	131	125	63	81	60	57	58	50	34	24	25	22
ROCE %	-4%	1%	3%	8%	19%	21%	9%	10%	5%	16%	22%	24%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of HIRECT LIMITED (HIRECT)?

The reported market capitalisation for HIRECT LIMITED (HIRECT) is ₹3,958Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of HIRECT?

The current price shown for HIRECT LIMITED (HIRECT) on Fincrux is ₹1,116 with a 52-week high/low of ₹1,400/565.

What is the P/E ratio of HIRECT LIMITED (HIRECT)?

The stock P/E for HIRECT LIMITED (HIRECT) is 67.0 on Fincrux, with ROE at 31.1% and ROCE at 23.7%.

What were HIRECT latest quarterly results?

For Jun 2026, HIRECT LIMITED (HIRECT) reported sales ₹236 Cr and net profit ₹15 Cr (figures in ₹ crore unless noted).

What are HIRECT annual sales and net profit?

For TTM, HIRECT LIMITED (HIRECT) shows sales of ₹971 Cr and net profit of ₹60 Cr on the Fincrux profit & loss statement.

Who owns HIRECT LIMITED (HIRECT)?

Latest shareholding for HIRECT LIMITED (HIRECT) on Fincrux: Promoters 42.59% (Sep 2026), FIIs 6.84% (Sep 2026), DIIs 3.16% (Sep 2026), Public 47.40% (Sep 2026), No. of Shareholders 22,375% (Sep 2026).

Where can I find HIRECT LIMITED (HIRECT) financials?

HIRECT LIMITED (HIRECT) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show HIRECT balance sheet and cash flow?

Yes. The HIRECT LIMITED (HIRECT) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 9:48