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Hitech Corporation share price

Hitech Corporation Ltd.

NSE: HITECHCORP BSE: 526217 SECTOR: Plastic Products  17k   26   0

238.30
+0.70 (0.29%)
NSE: Today, 04:05 PM

Price Summary

Today's High

₹ 240

Today's Low

₹ 234.1

52 Week High

₹ 309

52 Week Low

₹ 172.6

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

409.3 Cr.

Enterprise Value

467.92 Cr.

No. of Shares

1.72 Cr.

P/E

16.92

P/B

1.59

Face Value

₹ 10

Div. Yield

0.42 %

Book Value (TTM)

₹  149.57

CASH

2.55 Cr.

DEBT

61.18 Cr.

Promoter Holding

74.43 %

EPS (TTM)

₹  14.08

Sales Growth

-5.06%

ROE

12.31 %

ROCE

16.56%

Profit Growth

-24.25 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-5.06%
3 Year6.69%
5 Year7.54%

Profit Growth

1 Year-24.25%
3 Year128.99%
5 Year29.55%

ROE%

1 Year12.31%
3 Year13.61%
5 Year10.54%

ROCE %

1 Year16.56%
3 Year16.62%
5 Year14.3%

Debt/Equity

0.2515

Price to Cash Flow

5.9

Interest Cover Ratio

3.71365277202769

CFO/PAT (5 Yr. Avg.)

3.43805096449282

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 74.43 0
Dec 2023 74.43 0
Sep 2023 74.43 0
Jun 2023 74.43 0
Mar 2023 74.43 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 128.990279710363% for the Past 3 years.
  • The company has significantly decreased its debt by 34.8391 Cr.
  • The company has an efficient Cash Conversion Cycle of 33.4376825879376 days.
  • The company has a good cash flow management; CFO/PAT stands at 3.43805096449282.
  • The company has a high promoter holding of 74.43%.

 Limitations

  • The company has shown a poor revenue growth of 6.68562488332318% for the Past 3 years.
  • Company has contingent liabilities of 74.1285 Cr.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 121.07 128.49 150.38 143.49 129.3
Total Expenditure 107.1 111.98 129.77 125.82 115.46
Operating Profit 13.97 16.52 20.6 17.67 13.84
Other Income 0.24 0.9 0.16 0.08 0.67
Interest 3.49 3.08 3.56 3.61 3.49
Depreciation 7.15 6.96 6.93 7.22 7.52
Exceptional Items 0 3.81 0 0 0
Profit Before Tax 3.57 11.18 10.27 6.92 3.51
Tax 0.9 2.36 2.59 1.77 0.98
Profit After Tax 2.68 8.82 7.68 5.15 2.53
Adjusted EPS (Rs) 1.56 5.14 4.47 3 1.47

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 461.9 460.09 447.08 588.46 558.67
Total Expenditure 411.28 401.18 383 502.78 487.69
Operating Profit 50.62 58.91 64.08 85.68 70.98
Other Income 1.44 1.43 1.45 0.91 4.95
Interest 19.92 23.56 19.33 16.13 13.77
Depreciation 21.43 29.97 29.51 30.01 28.6
Exceptional Items 14.86 -3.22 5.64 9.94 3.81
Profit Before Tax 25.58 3.58 22.34 50.39 37.36
Tax 9.17 1.23 5.38 12.99 9.03
Net Profit 16.4 2.36 16.96 37.4 28.33
Adjusted EPS (Rs.) 9.55 1.37 9.87 21.77 16.49

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 17.18 17.18 17.18 17.18 17.18
Total Reserves 147.25 148.15 164.9 199.78 226.03
Borrowings 109.86 93.61 63.1 37.83 15.04
Other N/C liabilities 8.04 12.24 10.49 64.94 74.11
Current liabilities 121.47 114.47 112.85 109.5 92.68
Total Liabilities 403.8 385.65 368.52 429.22 425.04
Assets
Net Block 233.78 274.9 243.07 237.51 221.17
Capital WIP 38.81 1.65 3.14 2.11 6.43
Intangible WIP 0 0 0 0 0
Investments 1.17 1.13 7.85 0 0
Loans & Advances 18.68 17.59 19.55 69.15 82.8
Other N/C Assets 1.5 1.59 2.18 9.69 8.82
Current Assets 109.87 88.79 92.72 110.76 105.83
Total Assets 403.8 385.65 368.52 429.22 425.04
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 25.58 3.58 22.34 50.39 37.36
Adjustment 41.83 53.84 43.74 40.93 35.84
Changes in Assets & Liabilities 24.84 0.59 4.31 -3.11 6.91
Tax Paid -6.64 -1.67 -5.56 -15.53 -10.78
Operating Cash Flow 85.6 56.34 64.83 72.68 69.33
Investing Cash Flow -84.44 -24.64 -8.94 -5.91 -15.92
Financing Cash Flow -6.11 -31.1 -52.24 -65.06 -54.33
Net Cash Flow -4.95 0.6 3.64 1.71 -0.92

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 74.43 74.43 74.43 74.43 74.43
ashwin ramanlal gandhi 0.09 0.09 0.09 0.09 0.09
geetanjali trading and in... 69.11 69.11 69.11 69.11 69.11
gujarat organics private ... - - - 1.03 1.03
hasit ashwin dani 0.17 0.17 0.17 0.17 0.17
hiren ashwin gandhi 0.04 0.04 0.04 0.04 0.04
hiren holdings private li... 1.52 1.52 1.52 1.52 1.52
ina ashwin dani - - - 1.70 1.70
jalaj a dani 0.24 0.24 0.24 0.24 0.24
malav a dani 0.31 0.31 0.31 0.31 0.31
satyen ashwin gandhi 0.03 0.03 0.03 0.03 0.03
vita jalaj dani 0.19 0.19 0.19 0.19 0.19
ashwin suryakant dani 1.34 1.34 1.34 - -
gujarat organics ltd 1.03 1.03 1.03 - -
ina a dani 0.36 0.36 0.36 - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 25.57 25.57 25.57 25.57 25.57
investor education and pr... 0.78 0.78 0.78 - 0.82
llp 1.12 1.15 1.15 0.94 1.01
investor education and pr... - - - 0.82 -
urmila d shah 1.46 1.46 1.33 - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Hitech Corporation informs about credit rating 24 Apr 2024, 5:35PM Hitech Corporation incorporates wholly owned subsidiary in USA18 Apr 2024, 4:47PM Hitech Corporation gets nod to incorporate wholly owned subsidiary in USA15 Apr 2024, 5:45PM Hitech Corporation informs about disclosure4 Mar 2024, 5:21PM Hitech Corporation informs about disclosures26 Feb 2024, 4:44PM Hitech Corporation informs about loss of share certificate19 Feb 2024, 5:11PM Hitech Corporation informs about issue of duplicate share certificate19 Feb 2024, 4:22PM Hitech Corporation - Quaterly Results7 Feb 2024, 5:16PM Hitech Corporation - Quaterly Results7 Feb 2024, 5:16PM Hitech Corporation - Quaterly Results7 Feb 2024, 5:16PM Hitech Corporation informs about board meeting31 Jan 2024, 3:54PM Hitech Corporation informs about loss of share certificate1 Jan 2024, 4:58PM Hitech Corporation informs about disclosure15 Dec 2023, 11:43AM Hitech Corporation informs about loss of share certificate14 Dec 2023, 5:10PM Hitech Corporation informs about disclosure6 Dec 2023, 5:00PM Hitech Corporation informs about press release24 Nov 2023, 3:47PM Hitech Corporation - Quaterly Results7 Nov 2023, 5:13PM Hitech Corporation - Quaterly Results7 Nov 2023, 5:13PM Hitech Corporation informs about newspaper publication 11 Aug 2023, 5:18PM Hitech Corporation informs about loss of share certificate11 Aug 2023, 4:20PM Hitech Corporation informs about disclosure 9 Aug 2023, 4:59PM Hitech Corporation - Quaterly Results9 Aug 2023, 3:07PM Hitech Corporation - Quaterly Results9 Aug 2023, 3:07PM Hitech Corporation - Quaterly Results9 Aug 2023, 3:07PM Hitech Corporation informs about press release24 Jul 2023, 12:05PM Hitech Corporation informs about issuance of duplicate share certificate18 May 2023, 5:06PM Hitech Corporation - Quaterly Results17 May 2023, 3:50PM Hitech Corporation - Quaterly Results17 May 2023, 3:50PM Hitech Corporation - Quaterly Results17 May 2023, 3:50PM Hitech Corporation informs about loss of share certificate14 Mar 2023, 3:29PM Hitech Corporation informs about issuance of duplicate share certificate14 Mar 2023, 3:28PM Hitech Corporation informs about loss of share certificate9 Mar 2023, 3:08PM Hitech Corporation informs about financial results 11 Feb 2023, 2:49PM Hitech Corporation - Quaterly Results11 Feb 2023, 2:25PM Hitech Corporation - Quaterly Results11 Feb 2023, 2:25PM Hitech Corporation - Quaterly Results11 Feb 2023, 2:25PM Hitech Corporation informs about loss of share certificate19 Jan 2023, 12:47PM Hitech Corporation informs about certificate16 Jan 2023, 5:29PM Hitech Corporation informs about loss of share certificate26 Dec 2022, 4:46PM Hitech Corporation informs about loss of share certificate5 Dec 2022, 1:02PM Hitech Corporation - Quaterly Results8 Nov 2022, 4:04PM Hitech Corporation - Quaterly Results8 Nov 2022, 4:04PM Hitech Corporation - Quaterly Results8 Nov 2022, 4:04PM Hitech Corporation informs about details of loss of certificate 20 Aug 2022, 12:16PM Hitech Corporation informs about press release9 Aug 2022, 4:16PM Hitech Corporation - Quaterly Results6 Aug 2022, 2:51PM Hitech Corporation - Quaterly Results6 Aug 2022, 2:51PM Hitech Corporation - Quaterly Results6 Aug 2022, 2:51PM Hitech Corporation informs about newspaper publication23 Jun 2022, 4:54PM Hitech Corporation informs about details of loss of certificate 20 Jun 2022, 4:31PM

Hitech Corporation Stock Price Analysis and Quick Research Report. Is Hitech Corporation an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Hitech Corporation . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Hitech Corporation has a PE ratio of 16.9236341427039 which is high and comparatively overvalued .

  • Share Price: - The current share price of Hitech Corporation is Rs 238.3. One can use valuation calculators of ticker to know if Hitech Corporation share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Hitech Corporation has ROA of 6.63245537247568 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Hitech Corporation has a Current ratio of 1.14183690094313 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Hitech Corporation has a ROE of 12.3127152911683 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Hitech Corporation has a Debt to Equity ratio of 0.2515 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Hitech Corporation has reported revenue growth of -5.06087804135301 % which is poor in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Hitech Corporation for the current financial year is 12.7049897775841 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Hitech Corporation is Rs 1 and the yield is 0.4194 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Hitech Corporation is Rs 14.0809 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Hitech Corporation in Ticker for free. Also, one can get the intrinsic value of Hitech Corporation by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about Hitech Corporation
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