Hirect Ltd.
•₹ 1,273.7-0.37%
2026-08-21
PROS
- Company has delivered good profit growth of 61.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.6%
- Latest quarter profit grew 1078.1% YoY, showing strong momentum
- Company has delivered good sales growth of 25.5% CAGR over last 5 years
- Operating margins have improved to 10.3% from 4.4%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.49x)
CONS
- Receivables are growing faster than sales - a possible quality concern
- Total debt has risen sharply - up 39.8% year on year
- Stock is trading at 10.6x its book value
- Recurring exceptional / one-off items are inflating headline profit
- Though reporting repeated profits, the company pays out little dividend (8.3%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ABB | 7470.00 | 52.98 | 158295.56 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| 2. | POWERINDIA | 33560.00 | 0.00 | 149584.85 | 0.02 | 294.15 | 123.52 | 2493.69 | 74.46 | 28.73 | 14.58 |
| 3. | SIEMENS | 3899.95 | 42.40 | 138885.22 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| 4. | CGPOWER | 875.00 | 110.28 | 137851.88 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| 5. | ENRIN | 3436.60 | 0.00 | 122384.37 | 0.12 | 4409.00 | 1578.34 | 24856.00 | 1292.81 | 40.19 | 23.56 |
| 6. | GVT&D | 4055.00 | 555.99 | 103826.87 | 0.25 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| 7. | HAVELLS | 1273.00 | 48.91 | 79888.60 | 0.79 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| 8. | WAAREEENER | 2684.00 | 20.23 | 77205.62 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 34.71 | 18.15 |
| 9. | APARINDS | 16764.90 | 59.41 | 70198.55 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 33.47 | 11.50 |
| 10. | SUZLON | 47.05 | 20.57 | 64673.22 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| 11. | SCHNEIDER | 1241.90 | 0.00 | 29694.33 | 0.00 | 124.40 | 201.65 | 6513.60 | 947.83 | 31.01 | 5.23 |
| 12. | HIRECT | 1279.40 | 108.88 | 4536.57 | 0.11 | 65.01 | 409.28 | 2584.48 | 1103.37 | 18.54 | 5.11 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 98 | 132 | 137 | 151 | 136 | 166 | 169 | 185 | 215 | 227 | 243 | 264 | 2,364 | |
| 91 | 121 | 123 | 138 | 121 | 148 | 151 | 165 | 190 | 201 | 218 | 237 | 2,200 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Interest | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 4 | 46 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 40 |
| 3 | 6 | 1 | 8 | 10 | 13 | 13 | 14 | 18 | 20 | 16 | 19 | 202 | |
| Tax % | 27.76% | 33.67% | -14.39% | 33.85% | 28.70% | 21.27% | 25.63% | 28.32% | 29.42% | 25.01% | 16.02% | 12.96% | 25.42% |
| Net Profit | 2 | 4 | 2 | 5 | 7 | 10 | 10 | 10 | 13 | 15 | 14 | 16 | 151 |
| 1 | 2 | 5 | 3 | 4 | 6 | 6 | 3 | 7 | 9 | 8 | 5 | 4 | |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 7 | 69 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 7 | 69 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 98
- 91
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- 3
- Tax %
- 27.76%
- Net Profit
- 2
- 1
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 132
- 121
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- 6
- Tax %
- 33.67%
- Net Profit
- 4
- 2
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 137
- 123
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- 1
- Tax %
- -14.39%
- Net Profit
- 2
- 5
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 151
- 138
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 2
- 8
- Tax %
- 33.85%
- Net Profit
- 5
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 136
- 121
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 2
- 10
- Tax %
- 28.70%
- Net Profit
- 7
- 4
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 166
- 148
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- 13
- Tax %
- 21.27%
- Net Profit
- 10
- 6
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 169
- 151
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 2
- 13
- Tax %
- 25.63%
- Net Profit
- 10
- 6
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 185
- 165
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 2
- 14
- Tax %
- 28.32%
- Net Profit
- 10
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 215
- 190
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 3
- 18
- Tax %
- 29.42%
- Net Profit
- 13
- 7
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 227
- 201
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 3
- 20
- Tax %
- 25.01%
- Net Profit
- 15
- 9
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 243
- 218
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 3
- 16
- Tax %
- 16.02%
- Net Profit
- 14
- 8
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 264
- 237
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 4
- 19
- Tax %
- 12.96%
- Net Profit
- 16
- 5
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,364
- 2,200
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 46
- Depreciation
- 40
- 202
- Tax %
- 25.42%
- Net Profit
- 151
- 4
- Equity Capital
- 69
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 69
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 111 | 126 | 255 | 300 | 305 | 372 | 359 | 518 | 655 | 949 | 3,098 | |
| 107 | 116 | 236 | 262 | 285 | 349 | 344 | 476 | 584 | 851 | 2,856 | |
| Operating Profit | 5 | 10 | 27 | 38 | 20 | 23 | 16 | 46 | 72 | 104 | — |
| OPM % | 5 | 8 | 10 | 13 | 7 | 6 | 4 | 9 | 11 | 11 | — |
| Other Income | 1 | 0 | 8 | 0 | 0 | 0 | 0 | 4 | 1 | 6 | 4 |
| Interest | 5 | 6 | 8 | 8 | 9 | 7 | 8 | 13 | 14 | 16 | 58 |
| Depreciation | 2 | 2 | 3 | 4 | 4 | 4 | 5 | 7 | 8 | 13 | 50 |
| -10 | 2 | 17 | 26 | 7 | 11 | -9 | 18 | 50 | 73 | 257 | |
| Tax % | 27 | 35 | 29 | 30 | 28 | 30 | 27 | 29 | 26 | 21 | 24 |
| Net Profit | -7 | 1 | 12 | 18 | 5 | 8 | -6 | 13 | 37 | 58 | 196 |
| EPS | 0 | 0 | 0 | 0 | 3 | 5 | -4 | 7 | 22 | 17 | — |
| Dividend Payout % | 0 | 0 | 6 | 7 | 12 | 8 | 0 | 16 | 9 | 8 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -2 | 0 | 4 | 6 | 2 | 2 | -2 | 4 | 11 | 17 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -2 | 0 | 4 | 6 | 2 | 2 | -2 | 4 | 11 | 17 | — |
Mar 2017
- 111
- 107
- Operating Profit
- 5
- OPM %
- 5
- Other Income
- 1
- Interest
- 5
- Depreciation
- 2
- -10
- Tax %
- 27
- Net Profit
- -7
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2018
- 126
- 116
- Operating Profit
- 10
- OPM %
- 8
- Other Income
- 0
- Interest
- 6
- Depreciation
- 2
- 2
- Tax %
- 35
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 255
- 236
- Operating Profit
- 27
- OPM %
- 10
- Other Income
- 8
- Interest
- 8
- Depreciation
- 3
- 17
- Tax %
- 29
- Net Profit
- 12
- EPS
- 0
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2020
- 300
- 262
- Operating Profit
- 38
- OPM %
- 13
- Other Income
- 0
- Interest
- 8
- Depreciation
- 4
- 26
- Tax %
- 30
- Net Profit
- 18
- EPS
- 0
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2021
- 305
- 285
- Operating Profit
- 20
- OPM %
- 7
- Other Income
- 0
- Interest
- 9
- Depreciation
- 4
- 7
- Tax %
- 28
- Net Profit
- 5
- EPS
- 3
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 372
- 349
- Operating Profit
- 23
- OPM %
- 6
- Other Income
- 0
- Interest
- 7
- Depreciation
- 4
- 11
- Tax %
- 30
- Net Profit
- 8
- EPS
- 5
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 359
- 344
- Operating Profit
- 16
- OPM %
- 4
- Other Income
- 0
- Interest
- 8
- Depreciation
- 5
- -9
- Tax %
- 27
- Net Profit
- -6
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2024
- 518
- 476
- Operating Profit
- 46
- OPM %
- 9
- Other Income
- 4
- Interest
- 13
- Depreciation
- 7
- 18
- Tax %
- 29
- Net Profit
- 13
- EPS
- 7
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2025
- 655
- 584
- Operating Profit
- 72
- OPM %
- 11
- Other Income
- 1
- Interest
- 14
- Depreciation
- 8
- 50
- Tax %
- 26
- Net Profit
- 37
- EPS
- 22
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2026
- 949
- 851
- Operating Profit
- 104
- OPM %
- 11
- Other Income
- 6
- Interest
- 16
- Depreciation
- 13
- 73
- Tax %
- 21
- Net Profit
- 58
- EPS
- 17
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
TTM
- 3,098
- 2,856
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 58
- Depreciation
- 50
- 257
- Tax %
- 24
- Net Profit
- 196
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 26%
- 5 Years:
- 25%
- 3 Years:
- 38%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 61%
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 40%
- 5 Years:
- 75%
- 3 Years:
- 92%
- 1 Year:
- 51%
RETURN ON EQUITY
- 10 Years:
- 10%
- 5 Years:
- 14%
- 3 Years:
- 23%
- Last Year:
- 31%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 7 |
| 50 | 63 | 75 | 92 | 96 | 104 | 108 | 121 | 156 | 207 | |
| 33 | 38 | 42 | 69 | 66 | 46 | 71 | 96 | 120 | 176 | |
| Trade Payables | 12 | 28 | 33 | 39 | 42 | 48 | 53 | 47 | 60 | 112 |
| 3 | 10 | 25 | 33 | 30 | 43 | 53 | 62 | 78 | 111 | |
| Total Liabilities | 102 | 142 | 178 | 238 | 237 | 244 | 288 | 329 | 418 | 613 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 20 | 27 | 26 | 33 | 41 | 48 | 80 | 90 | 107 | 167 | |
| Capital Work in Progress | 1 | 0 | 6 | 9 | 9 | 18 | 7 | 8 | 7 | 3 |
| 0 | 0 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 18 | |
| 27 | 34 | 54 | 69 | 69 | 77 | 92 | 97 | 121 | 135 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89 | 110 | 227 | |
| Cash & Bank | 1 | 2 | 2 | 3 | 2 | 1 | 1 | 2 | 1 | 1 |
| 52 | 78 | 89 | 117 | 118 | 99 | 107 | 44 | 72 | 61 | |
| Total Assets | 102 | 142 | 178 | 238 | 237 | 244 | 288 | 329 | 418 | 613 |
| Total Debt | 41 | 51 | 64 | 90 | 84 | 75 | 105 | 129 | 159 | 222 |
| Net Working Capital | 21 | 30 | 43 | 50 | 50 | 52 | 34 | 36 | 45 | 59 |
| Contingent Liabilities | 12 | 16 | 16 | 17 | 18 | 10 | 11 | 12 | 12 | 18 |
| Book Value per Share | 35.33 | 40.02 | 47.17 | 57.74 | 60.24 | 64.60 | 64.79 | 72.34 | 93.03 | 62.20 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 41 | 51 | 64 | 90 | 84 | 75 | 105 | 129 | 159 | 222 |
| Net Working Capital | 21 | 30 | 43 | 50 | 50 | 52 | 34 | 36 | 45 | 59 |
| Contingent Liabilities | 12 | 16 | 16 | 17 | 18 | 10 | 11 | 12 | 12 | 18 |
| Book Value per Share | 35.33 | 40.02 | 47.17 | 57.74 | 60.24 | 64.60 | 64.79 | 72.34 | 93.03 | 62.20 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 3
- 50
- 33
- Trade Payables
- 12
- 3
- Total Liabilities
- 102
- 20
- Capital Work in Progress
- 1
- 0
- 27
- 0
- Cash & Bank
- 1
- 52
- Total Assets
- 102
- Total Debt
- 41
- Net Working Capital
- 21
- Contingent Liabilities
- 12
- Book Value per Share
- 35.33
- Face Value
- 2.00
- Total Debt
- 41
- Net Working Capital
- 21
- Contingent Liabilities
- 12
- Book Value per Share
- 35.33
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 3
- 63
- 38
- Trade Payables
- 28
- 10
- Total Liabilities
- 142
- 27
- Capital Work in Progress
- 0
- 0
- 34
- 0
- Cash & Bank
- 2
- 78
- Total Assets
- 142
- Total Debt
- 51
- Net Working Capital
- 30
- Contingent Liabilities
- 16
- Book Value per Share
- 40.02
- Face Value
- 2.00
- Total Debt
- 51
- Net Working Capital
- 30
- Contingent Liabilities
- 16
- Book Value per Share
- 40.02
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 3
- 75
- 42
- Trade Payables
- 33
- 25
- Total Liabilities
- 178
- 26
- Capital Work in Progress
- 6
- 0
- 54
- 0
- Cash & Bank
- 2
- 89
- Total Assets
- 178
- Total Debt
- 64
- Net Working Capital
- 43
- Contingent Liabilities
- 16
- Book Value per Share
- 47.17
- Face Value
- 2.00
- Total Debt
- 64
- Net Working Capital
- 43
- Contingent Liabilities
- 16
- Book Value per Share
- 47.17
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 3
- 92
- 69
- Trade Payables
- 39
- 33
- Total Liabilities
- 238
- 33
- Capital Work in Progress
- 9
- 6
- 69
- 0
- Cash & Bank
- 3
- 117
- Total Assets
- 238
- Total Debt
- 90
- Net Working Capital
- 50
- Contingent Liabilities
- 17
- Book Value per Share
- 57.74
- Face Value
- 2.00
- Total Debt
- 90
- Net Working Capital
- 50
- Contingent Liabilities
- 17
- Book Value per Share
- 57.74
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 3
- 96
- 66
- Trade Payables
- 42
- 30
- Total Liabilities
- 237
- 41
- Capital Work in Progress
- 9
- 0
- 69
- 0
- Cash & Bank
- 2
- 118
- Total Assets
- 237
- Total Debt
- 84
- Net Working Capital
- 50
- Contingent Liabilities
- 18
- Book Value per Share
- 60.24
- Face Value
- 2.00
- Total Debt
- 84
- Net Working Capital
- 50
- Contingent Liabilities
- 18
- Book Value per Share
- 60.24
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 3
- 104
- 46
- Trade Payables
- 48
- 43
- Total Liabilities
- 244
- 48
- Capital Work in Progress
- 18
- 0
- 77
- 0
- Cash & Bank
- 1
- 99
- Total Assets
- 244
- Total Debt
- 75
- Net Working Capital
- 52
- Contingent Liabilities
- 10
- Book Value per Share
- 64.60
- Face Value
- 2.00
- Total Debt
- 75
- Net Working Capital
- 52
- Contingent Liabilities
- 10
- Book Value per Share
- 64.60
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 3
- 108
- 71
- Trade Payables
- 53
- 53
- Total Liabilities
- 288
- 80
- Capital Work in Progress
- 7
- 0
- 92
- 0
- Cash & Bank
- 1
- 107
- Total Assets
- 288
- Total Debt
- 105
- Net Working Capital
- 34
- Contingent Liabilities
- 11
- Book Value per Share
- 64.79
- Face Value
- 2.00
- Total Debt
- 105
- Net Working Capital
- 34
- Contingent Liabilities
- 11
- Book Value per Share
- 64.79
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 3
- 121
- 96
- Trade Payables
- 47
- 62
- Total Liabilities
- 329
- 90
- Capital Work in Progress
- 8
- 0
- 97
- 89
- Cash & Bank
- 2
- 44
- Total Assets
- 329
- Total Debt
- 129
- Net Working Capital
- 36
- Contingent Liabilities
- 12
- Book Value per Share
- 72.34
- Face Value
- 2.00
- Total Debt
- 129
- Net Working Capital
- 36
- Contingent Liabilities
- 12
- Book Value per Share
- 72.34
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 3
- 156
- 120
- Trade Payables
- 60
- 78
- Total Liabilities
- 418
- 107
- Capital Work in Progress
- 7
- 0
- 121
- 110
- Cash & Bank
- 1
- 72
- Total Assets
- 418
- Total Debt
- 159
- Net Working Capital
- 45
- Contingent Liabilities
- 12
- Book Value per Share
- 93.03
- Face Value
- 2.00
- Total Debt
- 159
- Net Working Capital
- 45
- Contingent Liabilities
- 12
- Book Value per Share
- 93.03
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 7
- 207
- 176
- Trade Payables
- 112
- 111
- Total Liabilities
- 613
- 167
- Capital Work in Progress
- 3
- 18
- 135
- 227
- Cash & Bank
- 1
- 61
- Total Assets
- 613
- Total Debt
- 222
- Net Working Capital
- 59
- Contingent Liabilities
- 18
- Book Value per Share
- 62.20
- Face Value
- 2.00
- Total Debt
- 222
- Net Working Capital
- 59
- Contingent Liabilities
- 18
- Book Value per Share
- 62.20
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3 | -4 | 6 | 4 | 22 | 36 | 33 | 34 | 36 | 91 | |
| Cash from Investing | -4 | -10 | -10 | -22 | -8 | -20 | -29 | -19 | -25 | -85 |
| Cash from Financing | 4 | 15 | 3 | 19 | -15 | -17 | -4 | -14 | -11 | -6 |
| -3 | 1 | -1 | 1 | -1 | -0 | 0 | 0 | -0 | 0 | |
| Free Cash Flow | -4 | -12 | -1 | -9 | 11 | 16 | 8 | 18 | 17 | 23 |
| OCF / Net Profit | 0.47 | -2.76 | 0.55 | 0.24 | 4.07 | 4.65 | -5.19 | 2.71 | 0.96 | 1.57 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -14 | 5 | 26 | 44 | 70 | 82 |
| OCF / Net Profit | 0.47 | -2.76 | 0.55 | 0.24 | 4.07 | 4.65 | -5.19 | 2.71 | 0.96 | 1.57 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -14 | 5 | 26 | 44 | 70 | 82 |
Mar 2017
- -3
- Cash from Investing
- -4
- Cash from Financing
- 4
- -3
- Free Cash Flow
- -4
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 0
Mar 2018
- -4
- Cash from Investing
- -10
- Cash from Financing
- 15
- 1
- Free Cash Flow
- -12
- OCF / Net Profit
- -2.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.76
- Cumulative 5-Year FCF
- 0
Mar 2019
- 6
- Cash from Investing
- -10
- Cash from Financing
- 3
- -1
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- 0
Mar 2020
- 4
- Cash from Investing
- -22
- Cash from Financing
- 19
- 1
- Free Cash Flow
- -9
- OCF / Net Profit
- 0.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.24
- Cumulative 5-Year FCF
- 0
Mar 2021
- 22
- Cash from Investing
- -8
- Cash from Financing
- -15
- -1
- Free Cash Flow
- 11
- OCF / Net Profit
- 4.07
- Cumulative 5-Year FCF
- -14
- OCF / Net Profit
- 4.07
- Cumulative 5-Year FCF
- -14
Mar 2022
- 36
- Cash from Investing
- -20
- Cash from Financing
- -17
- -0
- Free Cash Flow
- 16
- OCF / Net Profit
- 4.65
- Cumulative 5-Year FCF
- 5
- OCF / Net Profit
- 4.65
- Cumulative 5-Year FCF
- 5
Mar 2023
- 33
- Cash from Investing
- -29
- Cash from Financing
- -4
- 0
- Free Cash Flow
- 8
- OCF / Net Profit
- -5.19
- Cumulative 5-Year FCF
- 26
- OCF / Net Profit
- -5.19
- Cumulative 5-Year FCF
- 26
Mar 2024
- 34
- Cash from Investing
- -19
- Cash from Financing
- -14
- 0
- Free Cash Flow
- 18
- OCF / Net Profit
- 2.71
- Cumulative 5-Year FCF
- 44
- OCF / Net Profit
- 2.71
- Cumulative 5-Year FCF
- 44
Mar 2025
- 36
- Cash from Investing
- -25
- Cash from Financing
- -11
- -0
- Free Cash Flow
- 17
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 70
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 70
Mar 2026
- 91
- Cash from Investing
- -85
- Cash from Financing
- -6
- 0
- Free Cash Flow
- 23
- OCF / Net Profit
- 1.57
- Cumulative 5-Year FCF
- 82
- OCF / Net Profit
- 1.57
- Cumulative 5-Year FCF
- 82
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -4.63 | 0.79 | 7.12 | 11.16 | 3.22 | 4.71 | -3.72 | 7.30 | 21.71 | 16.78 |
| Book Value (₹) | 35.33 | 40.02 | 47.17 | 57.74 | 60.24 | 64.60 | 64.79 | 72.34 | 93.03 | 62.20 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.40 | 0.80 | 0.40 | 0.40 | 0.00 | 1.20 | 2.00 | 1.40 |
| Cash EPS (₹) | -1.60 | 1.09 | 4.38 | 6.81 | 2.76 | 3.71 | -0.36 | 5.82 | 13.33 | 20.46 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 4.48% | 8.09% | 10.48% | 12.84% | 6.68% | 6.18% | 4.38% | 8.07% | 10.83% | 10.34% |
| Net Margin % | -5.78% | 1.03% | 4.62% | 6.17% | 1.75% | 2.10% | -1.77% | 2.42% | 5.69% | 6.08% |
| ROE % | -12.11% | 2.20% | 16.33% | 21.27% | 5.46% | 7.54% | -5.84% | 10.65% | 26.28% | 30.88% |
| ROCE % | -4.67% | 7.54% | 18.91% | 21.02% | 8.97% | 10.12% | -0.09% | 13.23% | 22.35% | 23.44% |
| -6.32% | 1.08% | 7.37% | 8.89% | 2.24% | 3.24% | -2.40% | 4.06% | 9.99% | 11.20% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 122 | 131 | 85 | 88 | 101 | 76 | 69 | 55 | 55 | 65 |
| Inventory Days | 90 | 88 | 63 | 75 | 82 | 71 | 86 | 67 | 61 | 49 |
| Payable Days | 80 | 83 | 60 | 63 | 63 | 57 | 66 | 48 | 41 | 44 |
| 131 | 136 | 89 | 100 | 120 | 91 | 89 | 74 | 75 | 70 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.77x | 0.77x | 0.81x | 0.94x | 0.84x | 0.70x | 0.94x | 1.04x | 1.00x | 1.04x |
| Interest Coverage (x) | -0.85x | 1.34x | 3.13x | 4.22x | 1.80x | 2.52x | -0.02x | 2.32x | 4.67x | 5.45x |
| 1.40x | 1.41x | 1.50x | 1.39x | 1.40x | 1.46x | 1.23x | 1.21x | 1.21x | 1.17x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 18.68% | 12.74% | 102.99% | 17.43% | 1.83% | 21.96% | -3.49% | 44.13% | 26.63% | 44.84% |
| Operating Profit Growth % | 102.55% | 90.31% | 160.26% | 43.80% | -47.04% | 12.90% | -31.66% | 189.65% | 59.15% | 43.55% |
| Net Profit Growth % | -361.54% | 118.86% | 796.98% | 56.72% | -71.15% | 46.27% | -181.59% | 296.61% | 197.92% | 54.73% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 296.45% | 197.46% | -22.72% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 82.49x | 21.57x | 39.36x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.32x | 10.07x | 10.62x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% | 0.21% | 0.21% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 25.47x | 24.38x | 23.95x |
Mar 2017
- EPS (₹)
- -4.63
- Book Value (₹)
- 35.33
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.60
- Operating Margin %
- 4.48%
- Net Margin %
- -5.78%
- ROE %
- -12.11%
- ROCE %
- -4.67%
- -6.32%
- Debtor Days
- 122
- Inventory Days
- 90
- Payable Days
- 80
- 131
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- -0.85x
- 1.40x
- Revenue Growth %
- 18.68%
- Operating Profit Growth %
- 102.55%
- Net Profit Growth %
- -361.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.79
- Book Value (₹)
- 40.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.09
- Operating Margin %
- 8.09%
- Net Margin %
- 1.03%
- ROE %
- 2.20%
- ROCE %
- 7.54%
- 1.08%
- Debtor Days
- 131
- Inventory Days
- 88
- Payable Days
- 83
- 136
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- 1.34x
- 1.41x
- Revenue Growth %
- 12.74%
- Operating Profit Growth %
- 90.31%
- Net Profit Growth %
- 118.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 7.12
- Book Value (₹)
- 47.17
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 4.38
- Operating Margin %
- 10.48%
- Net Margin %
- 4.62%
- ROE %
- 16.33%
- ROCE %
- 18.91%
- 7.37%
- Debtor Days
- 85
- Inventory Days
- 63
- Payable Days
- 60
- 89
- Debt to Equity (x)
- 0.81x
- Interest Coverage (x)
- 3.13x
- 1.50x
- Revenue Growth %
- 102.99%
- Operating Profit Growth %
- 160.26%
- Net Profit Growth %
- 796.98%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 11.16
- Book Value (₹)
- 57.74
- Dividend per Share (₹)
- 0.80
- Cash EPS (₹)
- 6.81
- Operating Margin %
- 12.84%
- Net Margin %
- 6.17%
- ROE %
- 21.27%
- ROCE %
- 21.02%
- 8.89%
- Debtor Days
- 88
- Inventory Days
- 75
- Payable Days
- 63
- 100
- Debt to Equity (x)
- 0.94x
- Interest Coverage (x)
- 4.22x
- 1.39x
- Revenue Growth %
- 17.43%
- Operating Profit Growth %
- 43.80%
- Net Profit Growth %
- 56.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 3.22
- Book Value (₹)
- 60.24
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 2.76
- Operating Margin %
- 6.68%
- Net Margin %
- 1.75%
- ROE %
- 5.46%
- ROCE %
- 8.97%
- 2.24%
- Debtor Days
- 101
- Inventory Days
- 82
- Payable Days
- 63
- 120
- Debt to Equity (x)
- 0.84x
- Interest Coverage (x)
- 1.80x
- 1.40x
- Revenue Growth %
- 1.83%
- Operating Profit Growth %
- -47.04%
- Net Profit Growth %
- -71.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 4.71
- Book Value (₹)
- 64.60
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 3.71
- Operating Margin %
- 6.18%
- Net Margin %
- 2.10%
- ROE %
- 7.54%
- ROCE %
- 10.12%
- 3.24%
- Debtor Days
- 76
- Inventory Days
- 71
- Payable Days
- 57
- 91
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- 2.52x
- 1.46x
- Revenue Growth %
- 21.96%
- Operating Profit Growth %
- 12.90%
- Net Profit Growth %
- 46.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -3.72
- Book Value (₹)
- 64.79
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.36
- Operating Margin %
- 4.38%
- Net Margin %
- -1.77%
- ROE %
- -5.84%
- ROCE %
- -0.09%
- -2.40%
- Debtor Days
- 69
- Inventory Days
- 86
- Payable Days
- 66
- 89
- Debt to Equity (x)
- 0.94x
- Interest Coverage (x)
- -0.02x
- 1.23x
- Revenue Growth %
- -3.49%
- Operating Profit Growth %
- -31.66%
- Net Profit Growth %
- -181.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 7.30
- Book Value (₹)
- 72.34
- Dividend per Share (₹)
- 1.20
- Cash EPS (₹)
- 5.82
- Operating Margin %
- 8.07%
- Net Margin %
- 2.42%
- ROE %
- 10.65%
- ROCE %
- 13.23%
- 4.06%
- Debtor Days
- 55
- Inventory Days
- 67
- Payable Days
- 48
- 74
- Debt to Equity (x)
- 1.04x
- Interest Coverage (x)
- 2.32x
- 1.21x
- Revenue Growth %
- 44.13%
- Operating Profit Growth %
- 189.65%
- Net Profit Growth %
- 296.61%
- 296.45%
- P/E (x)
- 82.49x
- P/B (x)
- 8.32x
- Dividend Yield %
- 0.20%
- 25.47x
Mar 2025
- EPS (₹)
- 21.71
- Book Value (₹)
- 93.03
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 13.33
- Operating Margin %
- 10.83%
- Net Margin %
- 5.69%
- ROE %
- 26.28%
- ROCE %
- 22.35%
- 9.99%
- Debtor Days
- 55
- Inventory Days
- 61
- Payable Days
- 41
- 75
- Debt to Equity (x)
- 1.00x
- Interest Coverage (x)
- 4.67x
- 1.21x
- Revenue Growth %
- 26.63%
- Operating Profit Growth %
- 59.15%
- Net Profit Growth %
- 197.92%
- 197.46%
- P/E (x)
- 21.57x
- P/B (x)
- 10.07x
- Dividend Yield %
- 0.21%
- 24.38x
Mar 2026
- EPS (₹)
- 16.78
- Book Value (₹)
- 62.20
- Dividend per Share (₹)
- 1.40
- Cash EPS (₹)
- 20.46
- Operating Margin %
- 10.34%
- Net Margin %
- 6.08%
- ROE %
- 30.88%
- ROCE %
- 23.44%
- 11.20%
- Debtor Days
- 65
- Inventory Days
- 49
- Payable Days
- 44
- 70
- Debt to Equity (x)
- 1.04x
- Interest Coverage (x)
- 5.45x
- 1.17x
- Revenue Growth %
- 44.84%
- Operating Profit Growth %
- 43.55%
- Net Profit Growth %
- 54.73%
- -22.72%
- P/E (x)
- 39.36x
- P/B (x)
- 10.62x
- Dividend Yield %
- 0.21%
- 23.95x
Documents
Announcements
- Credit Rating
2026-08-21 - Hirect Limited has informed the Exchange about Credit Rating
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-18 - Hirect Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
- Credit Rating
2026-08-21 - Hirect Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
May 2026
Feb 2026