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Employees: 679
Size Hirect (HIRECT.NS) is an India Industrials company (Electrical Products) with a market value of $349M, the 991st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹931.00 on 6 Nov 2026.
Performance Over six months the shares fell 1.8%, against -28.2% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 42.0% over the last twelve months (peer median -0.4%); the operating margin is 5.5% (peer median -1.0%).
Valuation It trades at 3.2× enterprise value to sales against a peer median of 1.5× (7th most expensive of 21).
Capital Return on invested capital runs 10.1 points above its cost of capital (10.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹10.4B | ₹9.97B | ₹6.54B | ₹5.17B | ₹3.58B |
| Revenue growth | — | +52% | +27% | +45% | — |
| Gross profit | ₹1.30B | ₹1.18B | ₹964M | ₹625M | ₹264M |
| EBITDA | ₹731M | ₹947M | ₹726M | ₹507M | ₹152M |
| Net income | ₹417M | ₹450M | ₹371M | ₹125M | -₹63.6M |
| Free cash flow | n/a | -₹262M | ₹6.94M | ₹75.9M | -₹294M |
| Capital expenditure | n/a | ₹974M | ₹227M | ₹143M | ₹294M |
| Total debt | n/a | ₹2.45B | ₹1.64B | ₹1.35B | ₹1.05B |
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.
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.
| Measure | HIRECT.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.4% | -13.4% | 5th lowest of 21 |
| 6-month return | -1.8% | -28.2% | 2nd highest of 21 |
| Distance from 52-week high | -33.5% | -48.2% | 4th highest of 21 |
| Revenue growth (TTM) | +42.0% | -0.4% | 2nd highest of 21 |
| Operating margin | 5.5% | -1.0% | 7th highest of 21 |
| EV / Sales | 3.2× | 1.5× | 7th most expensive of 21 |
| ROIC minus cost of capital | +10.1 pp | -8.2 pp | 2nd highest of 21 |
| EV / EBITDA | 45.2× | 4.8× | most expensive of 5 |
| Net debt / EBITDA | 3.2× | -0.3× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hirect HIRECT.NS | India | $349M | -2% | +42% | 5% | 3.2× | n/a | n/a |
| Shenzhen Tongye Technology 300960.SZ | China | $350M | -23% | +8% | 7% | 4.6× | 22.3% | +10.0% |
| Shandong Yabo Technology 002323.SZ | China | $344M | -35% | -45% | -95% | 11.7× | n/a | n/a |
| Jiangsu Tongda Power Technology 002576.SZ | China | $342M | -25% | -6% | 5% | 1.3× | 15.6% | +3.1% |
| Suzhou Industrial Park Heshun Electric 300141.SZ | China | $341M | -31% | +13% | -6% | 4.6× | n/a | n/a |
| Tecnon Electronics 300650.SZ | China | $360M | -38% | +15% | 2% | 1.0× | n/a | n/a |
| Guangdong PAK Corp. Co 300625.SZ | China | $360M | -27% | -11% | -8% | 1.2× | n/a | n/a |
| Sunfly Intelligent Technology 300423.SZ | China | $338M | -38% | -65% | -53% | 4.8× | n/a | n/a |
| Jiangsu Luokai Mechanical & Electrical 603829.SS | China | $362M | -55% | 0% | 2% | 1.2× | 31.5% | +20.3% |
| Mirai Industry 7931.T | Japan | $366M | +13% | +4% | 15% | 0.8× | -10.5% | +4.8% |
| Tianli Lithium Energy 301152.SZ | China | $367M | -40% | +24% | -4% | 1.3× | 34.3% | +12.1% |
| Haoersai Technology 002963.SZ | China | $368M | -5% | -4% | -21% | 6.4× | n/a | n/a |
| Duk San Neolux 213420.KS | South Korea | $369M | -60% | +74% | 19% | 1.2× | -16.7% | +19.0% |
| QC Solar (Suzhou) 301278.SZ | China | $330M | -30% | -5% | 2% | 2.5× | n/a | n/a |
| Osaki Electric 6644.T | Japan | $330M | -45% | +4% | 7% | 0.5× | -3.7% | +5.8% |
| Moso Power Supply Technology 002660.SZ | China | $371M | -22% | -6% | -15% | 1.9× | 51.8% | -0.1% |
| Chang Lan Technology 002879.SZ | China | $371M | -23% | -1% | 9% | 1.7× | 2.2% | +9.1% |
| Kempower Oy KEMPOWR.HE | Finland | $374M | -53% | +22% | -4% | 1.2× | n/a | n/a |
| Dongguan Chitwing Technology 002855.SZ | China | $375M | -18% | -9% | -20% | 2.1× | n/a | n/a |
| grems,Inc 3150.T | Japan | $376M | -9% | +6% | 22% | 1.3× | -12.1% | +11.9% |
| Beijing Dynamic Power 600405.SS | China | $377M | -19% | -9% | -51% | 5.8× | n/a | n/a |