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Company Profile
HD Fire Protect Limited is an Indian manufacturer and supplier of fire protection systems, founded in April 1997. The company specializes in water, foam, and gas-based fire suppression solutions, offering a broad portfolio across eight product categories. These range from sprinklers and spray nozzles to specialized foam equipment and custom-engineered systems. Its products serve essential sectors like oil and gas, power, pharmaceuticals, data centers, healthcare, and infrastructure.
With around 30 years of industry experience, HD Fire Protect has built a strong global footprint, exporting to over 90 countries over time and 49 countries in the quarter ending June 2026. It stands out for its high certification standards, holding 21 UL Listed and 87 FM Approved certifications as of September 2026. The company operates two manufacturing facilities in Jalgaon and Thane, Maharashtra, supported by robust R&D and testing facilities.
In Fiscal 2026, it served over 2,000 customers and contributed to major landmark projects, including the new Indian Parliament building, the Samruddhi Mahamarg, and international installations for Saudi Aramco and Oman. Financial performance remains steady, with a ₹1,586.01 million order book as of June 2026.
For the year/period ended (Rs. in Cr.)
| FY26 | FY25 | FY24 | |
|---|---|---|---|
| Total Revenue | 489.28 | 432.79 | 372.95 |
| Profit After Tax | 116.79 | 109.72 | 87.92 |
| EPS | 6.66 | 6.26 | 5.01 |
| EBITDA Margin (%) | 30.75 | 31.89 | 28.59 |
| PAT Margin (%) | 23.12 | 24.35 | 22.43 |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY26 |
Net Profits(Cr.) FY26 |
|---|---|---|---|---|---|---|
| HD Fire Protect Limited | 4748.73* | 271 | 12.63 | 40.69 | 489.28 | 116.79 |
| Azad Engineering Ltd | 19633 | 3040 | 12.8 | 141 | 603 | 134 |
| Kirloskar Pneumatic Company Limited | 9212 | 709 | 7.35 | 33.7 | 1759 | 258 |
| Elgi Equipment Limited | 18913 | 597 | 8.47 | 40.7 | 3951 | 430 |
| Ingersoll-Rand (India) Limited | 13085 | 4145 | 21.3 | 47.6 | 1392 | 256 |
*Market cap @upper band
The Company HD FIRE PROTECT LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
At the upper band of IPO Rs. 271, the stock is valued at 40.69 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.