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← CockpitCompetitor Analysis › HDFIRE.NS HD Fire Protect LimitedOpen in the cockpit ↗

HD Fire Protect LimitedHDFIRE.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Industrial Machinery
Mkt cap
$484M
US dollars, full cap
$/day
$12.6M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+16.6 pp
WACC 14.5%
Hurdle
+17 pp
Req g minus delivered
Close · INR₹261.00
1D-2.7%
1W-2.1%
1Mn/a
3Mn/a
6Mn/a
YTDn/a
1Yn/a

What HD Fire Protect does

Employees: 278

HD Fire Protect at a glance

Size HD Fire Protect (HDFIRE.NS) is an India Industrials company (Industrial Machinery) with a market value of $484M, the 858th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹261.00 on 6 Nov 2026.

Growth Revenue grew 13.4% over the last twelve months (peer median +3.3%); the operating margin is 28.5% (peer median 4.3%).

Valuation It trades at 9.3× enterprise value to sales against a peer median of 2.6× (5th most expensive of 20).

Price implies For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 16.6 points above its cost of capital (14.5% WACC).

HD Fire Protect financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenuen/a₹4.86B₹4.29B₹3.70B₹3.21B
Revenue growth—+13%+16%+15%—
Gross profitn/a₹1.64B₹1.52B₹1.16B₹998M
EBITDAn/a₹1.49B₹1.36B₹1.05B₹877M
Net incomen/a₹1.17B₹1.10B₹879M₹702M
Free cash flown/a₹789M₹817M₹622M₹241M
Capital expendituren/a₹179M₹240M₹81.9M₹334M
Total debtn/a₹0₹0₹0₹0

Quarterly statements and history in the cockpit →

HD Fire Protect competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Fundamentals: revenue growth against valuation

-50%0%+50%+100%0×10×20×003025600520603273603048SAATVIKGLWSU30000438872030090266136235688290300105300551HDFIRE.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. HD Fire Protect is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%003025600520603273603048WSU6613PMN62356237300105603339301199HDFIRE.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. HD Fire Protect is the large dot.

HD Fire Protect competitors and peer comparison

How HD Fire Protect compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

HD Fire Protect against its 20 peers (data as of 6 Nov 2026)
MeasureHDFIRE.NSPeer medianRank in peer set
Revenue growth (TTM)+13.4%+3.3%7th highest of 21
Operating margin28.5%4.3%highest of 21
EV / Sales9.3×2.6×5th most expensive of 20
Growth the price implies (Req g, 7 yrs)32.0%3.1%4th most demanding of 13
Growth delivered (Del g)+14.9%+7.3%3rd highest of 13
Hurdle (Req g minus delivered)+17.1 pp-7.2 pp4th most demanding of 13
ROIC minus cost of capital+16.6 pp-4.7 pp2nd highest of 20
EV / EBITDA30.4×10.5×most expensive of 7
Net debt / EBITDA-0.3×-0.1×5th least indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
HD Fire Protect HDFIRE.NSIndia$484Mn/a+13%29%9.3×32.0%+14.9%
Sijin Intelligent Forming Machinery 003025.SZChina$483M-17%+16%23%3.8×1.9%+13.6%
HIIG Trinity (Anhui) Technology 600520.SSChina$482M-31%+48%4%7.2×53.0%+2.6%
Nanjing Baose 300402.SZChina$482M-29%-18%1%n/an/an/a
Jiangsu Teeyer Intelligent Equipment 603273.SSChina$487M-16%-7%0%5.2×44.2%-7.4%
Zhejiang Liming Intelligent Manufacturing 603048.SSChina$487M-6%+16%4%4.3×42.6%+5.7%
Saatvik Green Energy SAATVIKGL.NSIndia$481M-25%+111%8%1.1×n/an/a
WashTec WSU.DEGermany$480M-19%+3%8%0.8×-5.2%+5.7%
Nanfang Ventilator 300004.SZChina$488M-50%-18%-8%5.7×n/an/a
Yuilrobotics 388720.KSSouth Korea$480M-47%-5%-42%18.7×n/an/a
Guoanda 300902.SZChina$489M-23%+1%-11%11.1×n/an/a
Nova Technology 6613.TWOTaiwan$489M-13%+9%17%1.4×-9.5%+18.1%
Bichamp Cutting Technology (Hunan) 002843.SZChina$490M-49%+4%5%2.2×n/an/a
Phoenix Mecano PMN.SWSwitzerland$490M0%-3%7%0.7×-8.4%-0.8%
Optorun 6235.TJapan$490M-56%+21%9%1.2×9.7%-2.0%
Iwaki 6237.TJapan$491M+30%+8%13%1.4×4.3%+11.1%
Hangzhou Jingye Intelligent Technology 688290.SSChina$491M-9%-21%-59%15.4×n/an/a
Yantai Longyuan Power Technology 300105.SZChina$491M-6%-25%-9%2.6×0.5%+16.0%
Square Technology 603339.SSChina$494M-22%+21%9%1.1×-4.5%+8.9%
Shanghai Guao Electronic Technology 300551.SZChina$473M-35%-47%-111%22.6×n/an/a
MH Robot & Automation 301199.SZChina$496M-18%+5%6%2.2×15.5%+9.5%

Questions

Which companies are HD Fire Protect's closest peers?
The cockpit's peer set: Sijin Intelligent Forming Machinery (003025.SZ), HIIG Trinity (Anhui) Technology (600520.SS), Nanjing Baose (300402.SZ), Jiangsu Teeyer Intelligent Equipment (603273.SS), Zhejiang Liming Intelligent Manufacturing (603048.SS), Saatvik Green Energy (SAATVIKGL.NS), WashTec (WSU.DE), Nanfang Ventilator (300004.SZ).
Is HD Fire Protect expensive compared with its peers?
On ev / sales it trades at 9.3× against a peer median of 2.6×, 5th most expensive of 20 in its peer set. For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.