504036
Hind Rectifiers Ltd
BSELast Traded Price
₹1237.20
+13.05 (+1.07%)
Open
₹1227.30
High
₹1246.30
Low
₹1217.25
Prev Close
₹1224.15
Industry
Capital Goods
Market Cap
4,252.53 Cr
Filing History
Recent corporate announcements and filings for 504036
Routine
Neutral
2026-08-21 17:22
- Crisil Ratings has reaffirmed the earlier credit ratings for Hirect Limited's total bank loan facilities of Rs. 228.9 Crore.
- Long Term Rating: Crisil BBB+/Stable (Reaffirmed)
- Short Term Rating: Crisil A2 (Reaffirmed)
Business Update
Neutral
2026-08-18 18:18
- The Transcript of the Q1FY27 Earnings Conference Call held on August 12, 2026, to discuss financial and operational performance, is now available on Hirect Limited's website.
Financials
Positive
2026-08-17 12:05
- Hirect Limited announced the dispatch of a dividend of Rs. 1.40 per equity share. It was approved at the 68th AGM on August 11, 2026, and credited to shareholders' accounts on August 13, 2026.
Business Update
Neutral
2026-08-14 18:20
- Analyst / Institutional Investor Meeting Schedule
- Meeting Date: 19th August 2026
- Meeting Time: 02:00 pm onwards
- Meeting Type: 1x1 / Group Meeting
- Meeting Place: Mumbai
Business Update
Neutral
2026-08-12 16:18
- Audio recording of the Q1FY27 Earnings Conference Call, held on August 12, 2026, is now available on the company website.
Business Update
Neutral
2026-08-11 21:12
- Hirect Limited filed an Investor Presentation on the unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27).
- The presentation will also be used for the Earnings Conference Call with Analysts/Investors.
Financials
Negative
2026-08-11 21:07
CRITICAL RED FLAG DETECTED
- Q1 FY27 Consolidated Revenue ₹258.4 Cr vs ₹214.8 Cr (▲20.3% YoY)
- EBITDA ₹13.2 Cr vs ₹24.2 Cr (▼45.5% YoY)
- PAT ₹9.4 Cr vs ₹12.8 Cr (▼26.5% YoY)
- EBITDA Margin 5.1% vs 11.3% (▼620bps)
- Management expects consolidated EBITDA margins to remain moderated for the next 3-5 quarters due to integration of Elventive France.
- Order book stood at ₹739.8 crore as of July 2026.
Governance
Positive
2026-08-11 19:15
- The 68th Annual General Meeting (AGM) of Hirect Limited was held on August 11, 2026, via video conferencing. All resolutions were passed with the requisite majority.
- Members approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2026.
- A dividend of Rs. 1.40 per equity share (70% of face value) was declared for the financial year ended March 31, 2026.
- Mr. Suramya Nevatia was re-appointed as Managing Director for a period of 3 years, and Mr. Parimal Merchant was appointed as a Non-Independent Non-Executive Director.
- Revision in remuneration for Mrs. Akshada Nevatia, Executive Director, was also approved.
Governance
Positive
2026-08-11 19:12
- The 68th Annual General Meeting (AGM) of Hirect Limited was held on August 11, 2026, via video conferencing.
- All resolutions presented at the AGM were passed with the requisite majority.
- Members approved the audited financial statements for the financial year ended March 31, 2026.
- A dividend of Rs. 1.40 per equity share (70% of face value) was declared for FY ended March 31, 2026.
- Re-appointment of Mr. Suramya Nevatia as Managing Director and Mr. Parimal Merchant as Non-Independent Non-Executive Director were approved.
Financials
Neutral
2026-08-11 15:30
CRITICAL RED FLAG DETECTED
- Q1 FY27 Standalone Operating Revenue ₹2,363.92Mn vs ₹2,147.74Mn (▲10.06% YoY)
- EBITDA ₹285.81Mn vs ₹242.74Mn (▲17.74% YoY)
- PAT ₹150.91Mn vs ₹128.13Mn (▲17.78% YoY)
- EBITDA Margin 12.09% vs 11.30% (▲79bps)
Financials
Negative
2026-08-11 15:28
CRITICAL RED FLAG DETECTED
- Q1 FY27 Standalone Revenue ₹236.39Cr vs ₹214.77Cr (▲10.07% YoY)
- EBITDA ₹28.58Cr vs ₹24.27Cr (▲17.74% YoY)
- PAT ₹15.09Cr vs ₹12.81Cr (▲17.78% YoY)
- EBITDA Margin 12.09% vs 11.30% (▲79bps)
Financials
Neutral
2026-08-11 15:25
CRITICAL RED FLAG DETECTED
- Q1 FY27 Standalone Revenue ₹236.39Cr vs ₹214.77Cr (▲10.1% YoY)
- EBITDA ₹28.58Cr vs ₹24.27Cr (▲17.7% YoY)
- PAT ₹15.09Cr vs ₹12.81Cr (▲17.8% YoY)
- EBITDA Margin 12.1% vs 11.3% (▲80bps)
Financials
Negative
2026-08-11 15:22
CRITICAL RED FLAG DETECTED
- Q1 FY27 Standalone Revenue ₹236.39 Cr vs ₹214.77 Cr (▲10.06% YoY)
- EBITDA ₹28.58 Cr vs ₹24.27 Cr (▲17.74% YoY)
- PAT ₹15.09 Cr vs ₹12.81 Cr (▲17.78% YoY)
- EBITDA Margin 12.09% vs 11.30% (▲79bps)
Financials
Negative
2026-08-11 12:57
CRITICAL RED FLAG DETECTED
- Q1 FY27 Consolidated Revenue ₹258.45 Cr vs ₹214.77 Cr (▲20.33% YoY)
- EBITDA ₹16.74 Cr vs ₹24.23 Cr (▼30.90% YoY)
- PAT ₹6.50 Cr vs ₹12.77 Cr (▼49.07% YoY)
- EBITDA Margin 6.48% vs 11.28% (▼480bps)
- Mr. Douglas J. Bailey resigned as Global CEO; Mr. Chidambaram Balakrishnan appointed as new Global CEO.
- Mr. Rahul Rai appointed as Non-Executive Independent Director for 5 years.
- Mr. Anil Kumar Nemani appointed as Executive Director and CFO for 3 years.
- The company approved an investment in its wholly-owned subsidiary, Hirect Global Holdings Limited, UAE.
Financials
Negative
2026-08-11 12:53
CRITICAL RED FLAG DETECTED
- Q1 FY27 Consolidated Revenue ₹2,584.48Mn vs ₹2,147.74Mn (▲20.33% YoY)
- EBITDA ₹175.43Mn vs ₹244.55Mn (▼28.26% YoY)
- PAT ₹94.22Mn vs ₹127.65Mn (▼26.19% YoY)
- EBITDA Margin 6.79% vs 11.39% (▼460bps)
- Mr. Douglas J. Bailey resigned as Global Chief Executive Officer, effective August 11, 2026.
- Mr. Chidambaram Balakrishnan appointed as Global Chief Executive Officer.
- Mr. Anil Kumar Nemani appointed as Executive Director and Chief Financial Officer for 3 years.
- Mr. Rahul Rai appointed as Non-Executive Independent Director for 5 years.
Business Update
Neutral
2026-08-06 12:43
- Concall Schedule
- Concall Date: Wednesday, August 12, 2026
- Concall Time: 10:30 A.M. (IST)
- Purpose: To discuss Q1FY27 financial and operational performance.
Governance
Neutral
2026-08-04 15:14
- Board Meeting on August 11, 2026
- To consider and approve Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.
Business Update
Positive
2026-07-31 12:52
- Order Win: Hirect Limited secured an order from the United States.
- Product: For IGBT Converters for the Mining Industry.
- Significance: Marks the company's entry into the mining segment and expands international business.
Business Update
Positive
2026-07-29 15:47
- Order Win: Hirect Limited secured its first order from the United States
- Order Details: For Traction Motor Assemblies, marking initial entry into the U.S. market
- Order Value: Not specified
- Completition Timeline: Scheduled for delivery during FY27
Business Update
Neutral
2026-07-28 11:22
- Hirect Limited (formerly Hind Rectifiers Limited) has unveiled a new logo on July 28, 2026.
- The refined 'H' logo aims to reflect what Hirect delivers today and intends to do in the future.
- The new logo will be used on product labels, advertisements, marketing materials, and all communications.
Business Update
Positive
2026-07-27 13:50
- Order Win: Hirect Limited won an order from MCF
- Order Value: ₹60 Cr.
- Completion Timeline: 24 months
- Details: Supply of complete Propulsion Systems for 4 MEMU trainsets, marking the company's entry into next-generation Rail Systems.
Business Update
Positive
2026-07-27 13:45
- Order Win: Hirect Limited secured its first development order for Vande Metro (Namo Bharat) trainset from Rail Coach Factory (RCF), Kapurthala.
- Order Value: Approximately ₹60 crores.
- Completion Timeline: 21 months.
- Details: Includes Design, Development, Manufacture, Supply, Installation, Testing, and Commissioning of an IGBT-based 3-phase propulsion system, Traction Transformers, Traction Motors, TCMS, and other equipment, along with an annual maintenance contract.
Business Update
Positive
2026-07-26 09:56
- Order Win: Hirect Limited won order from MCF / Indian Railways
- Order Value: ₹60 Cr.
- Completition Timeline: 24 months
Business Update
Positive
2026-07-25 22:45
- Order Win: Hirect Limited secured a development order from Indian Railways for Vande Metro (Namo Bharat) trainset.
- Order Value: Approx. ₹60 Crores.
- Completion Timeline: Within 21 months.
Routine
Neutral
2026-07-24 13:18
- Company name changed from "Hind Rectifiers Limited" to "Hirect Limited".
- The change is effective from July 24, 2026, following approval by the Registrar of Companies, Ministry of Corporate Affairs (MCA).
Ownership
Positive
2026-07-21 19:13
- Hind Rectifiers Limited allotted 10,86,366 equity shares on a preferential basis on July 21, 2026.
- The shares were issued at ₹920.50 each, aggregating to ₹100 Crores.
- Allotment was made to Tata Mutual Fund (Small Cap Fund), a Non-Promoter Institution.
Governance
Positive
2026-07-14 13:19
- The 68th Annual General Meeting (AGM) will be held on August 11, 2026, at 01:00 p.m. via Video Conferencing/Other Audio Visual Means.
- A final dividend of INR 1.40 per equity share for FY 2025-26 has been declared.
- The record date for dividend entitlement and e-voting is August 4, 2026.
Routine
Neutral
2026-07-14 12:07
New Filing detected. See link for details.
Routine
Neutral
2026-07-14 11:02
New Filing detected. See link for details.
Routine
Neutral
2026-07-10 19:31
New Filing detected. See link for details.
Routine
Neutral
2026-07-10 19:31
New Filing detected. See link for details.
Routine
Neutral
2026-07-10 19:15
New Filing detected. See link for details.
Routine
Neutral
2026-07-10 19:13
New Filing detected. See link for details.
Business Update
Positive
2026-06-25 16:21
- Hind Rectifiers Limited incorporated Hirect Global Holdings Limited as a wholly-owned subsidiary in Dubai International Financial Centre, UAE on June 25, 2026.
- The subsidiary will act as an investment holding company to oversee global investments.
- Hind Rectifiers Limited holds 100% of the shareholding with an authorized capital of AED 150,000.
Routine
Neutral
2026-06-25 12:05
- Trading window closed for designated persons from July 01, 2026.
- Closure is until 48 hours after declaration of un-audited financial results for the quarter ending June 30, 2026.
- Board Meeting date for results approval will be intimated later.
Business Update
Positive
2026-06-22 18:36
- Hind Rectifiers Limited has disclosed the sale of a part of its non-operational Dehradun plant, which was non-operational since 2023 due to product obsolescence.
- The sale deed was entered into on June 22, 2026.
- The consideration for the sale is ₹5 Crore.
- The buyer, Mrs. Pratima Saklani, is not related to the promoter or promoter group.
Routine
Neutral
2026-06-18 18:45
- Hind Rectifiers Limited has requested shareholders holding physical securities to furnish KYC and Nomination details.- This is in compliance with SEBI Master Circular HO/38/13/(4)2026-MIRSDPOD/I/4298/2026 dated February 06, 2026.- Physical shareholders who do not update KYC (excluding nomination) will receive dividends only via electronic mode from April 1, 2024.- Required forms are available on the company and RTA websites.
Governance
Positive
2026-06-16 19:57
- Hind Rectifiers Limited submitted voting results for a postal ballot held between May 17 and June 15, 2026.
- Shareholders approved Resolution 1: Granting of a loan to Elventive France SAS, a subsidiary company (99.99% in favor).
- Shareholders approved Resolution 2: Issue of equity shares on a preferential basis to an identified person (99.97% in favor).
Ownership
Positive
2026-06-10 13:08
- Hind Rectifiers Limited allotted 10,86,366 equity warrants on a preferential basis to Tata Mutual Fund (Small Cap Fund) at an issue price of ₹920.50 per warrant, aggregating to ₹100 Crores.
- The company clarified that investment of unutilised funds in high-quality liquid mutual funds is not permissible and will be omitted from proposed deployment modes.
Governance
Positive
2026-06-10 12:39
- Postal Ballot Notice issued for shareholder approval on four resolutions via remote e-voting.
- Resolutions include changing the company name from 'Hind Rectifiers Limited' to 'Hirect Limited'.
- Increase in Authorized Share Capital from ₹10 Crores to ₹30 Crores.
- Increase in borrowing limits and creation of mortgage/charge on properties up to ₹600 Crores for business purposes.
- E-voting period: June 11, 2026 (9:00 a.m.) to July 10, 2026 (5:00 p.m.).
Governance
Neutral
2026-06-10 11:07
- Board approved changing company name to "Hirect Limited".
- Approved increasing Authorised Share Capital from ₹10 Crores to ₹30 Crores.
- Proposals subject to shareholder and regulatory approval via Postal Ballot.
Governance
Positive
2026-06-10 10:59
- The Board of Directors of Hind Rectifiers Limited met on June 10, 2026.
- Approved changing the company name to "Hirect Limited", subject to shareholder and regulatory approvals.
- Approved increasing the Authorised Share Capital from ₹10 Crores (5,00,00,000 equity shares of ₹2 each) to ₹30 Crores (15,00,00,000 equity shares of ₹2 each), subject to shareholder approval.
- Approved conducting a Postal Ballot to seek shareholder approval for these agenda items.
Governance
Neutral
2026-06-10 10:39
- Board approved change of company name to "Hirect Limited".
- Approved increase in Authorised Share Capital from ₹10 Crores to ₹30 Crores.
- Postal Ballot to be conducted for shareholder approval of these items.
Business Update
Neutral
2026-06-08 12:07
- Concall Schedule
- Meeting Date: Thursday, June 11, 2026
- Meeting Time: 11:00 am onwards
- Event: Group Meeting with Investors/Analysts
- Location: Company's Satpur and Sinnar plant in Nashik