Hirect Ltd HIRECT
Power-electronic converters/rectifiers and railway transformation equipment
Mapped in 1 theme: Railways / Vande Bharat & Metro Rolling Stock.
Where Hirect Ltd sits in the supply chain
Hirect Ltd appears in 1 supply-chain layer in one theme, Railways / Vande Bharat & Metro Rolling Stock.
Railways / Vande Bharat & Metro Rolling Stock › Traction Propulsion, Motors & Power Electronics
Direct supplierOther companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 518 | 655 | 999 |
| Net profit | 13 | 37 | 39 |
Latest-year revenue ₹999 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Decades-old domestic power-electronics and rectifier manufacturer (formerly Hind Rectifiers) now repositioning specifically toward railway transformation-equipment demand
Risks
- Small-cap with limited scale versus larger traction-equipment suppliers
- Renamed and repositioned recently - track record under the new strategy is short
Common questions
What does Hirect Ltd do?
Power-electronic converters/rectifiers and railway transformation equipment.
Where does Hirect Ltd sit in the supply chain?
Hirect Ltd (NSE: HIRECT) is mapped in 1 supply-chain layer: Traction Propulsion, Motors & Power Electronics (Railways / Vande Bharat & Metro Rolling Stock).
Who are Hirect Ltd's peers?
In the Traction Propulsion, Motors & Power Electronics layer of Railways / Vande Bharat & Metro Rolling Stock: Bharat Heavy Electricals, Siemens Ltd, ABB India and CG Power and Industrial Solutions.
What is Hirect Ltd's market cap and valuation?
As of 30 Oct 2026: market cap ₹3,386 Cr, P/E 86.4x, ROCE 18.8%, ROE 25.2%, dividend yield 0.15%.