Hi-Tech Gears
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Hi-Tech Gears share price

The Hi-Tech Gears Ltd.

NSE: HITECHGEAR BSE: 522073 SECTOR: Auto Ancillary  27k   51   5

1166.90
0 0
BSE: 19 Apr 04:01 PM

Price Summary

Today's High

₹ 1169

Today's Low

₹ 1031

52 Week High

₹ 1169

52 Week Low

₹ 242.95

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
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

₹ 2191.23 Cr.

Enterprise Value

₹ 2331.82 Cr.

No. of Shares

1.88 Cr.

P/E

47.81

P/B

5.14

Face Value

₹ 10

Div. Yield

0.21 %

Book Value (TTM)

₹  227.07

CASH

₹ 59.25 Cr.

DEBT

₹ 199.84 Cr.

Promoter Holding

56.23 %

EPS (TTM)

₹  24.41

Sales Growth

21.29%

ROE

13.49 %

ROCE

14.97%

Profit Growth

30.69 %

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* 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.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* 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

View Full Peer Comparison
* 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 Year21.29%
3 Year15.35%
5 Year8.2%

Profit Growth

1 Year30.69%
3 Year86.65%
5 Year9.54%

ROE%

1 Year13.49%
3 Year12.73%
5 Year11.01%

ROCE %

1 Year14.97%
3 Year14.1%
5 Year13%

Debt/Equity

0.5031

Price to Cash Flow

41.19

Interest Cover Ratio

5.06222560440204

CFO/PAT (5 Yr. Avg.)

2.03806982222668

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 56.23 0
Dec 2023 56.26 0
Sep 2023 56.26 0
Jun 2023 56.26 0
Mar 2023 56.22 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 86.6465706136367% for the Past 3 years.
  • The company has shown a good revenue growth of 15.354762504675% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of 19.93550640076 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.03806982222668.
  • The company has a high promoter holding of 56.23%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 11.2090104832869.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 183.85 188.49 180.2 203.27 193.55
Total Expenditure 156.59 163.64 156.54 177.76 164.71
Operating Profit 27.26 24.85 23.65 25.51 28.85
Other Income 1.98 1.67 2.84 1 1.68
Interest 4.29 4.41 4.79 4.71 5.01
Depreciation 7.66 8.37 8.11 7.96 7.87
Exceptional Items 0 0 0 0 0
Profit Before Tax 17.29 13.73 13.59 13.84 17.65
Tax 5.32 0.95 3.28 3.77 4.97
Profit After Tax 11.97 12.78 10.31 10.07 12.68
Adjusted EPS (Rs) 6.38 6.81 5.49 5.37 6.75

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 647.22 509.33 522.38 644.6 781.81
Total Expenditure 564.84 451.18 439.95 549.81 672.52
Operating Profit 82.38 58.15 82.43 94.8 109.3
Other Income 16.24 6.2 10.26 7.15 8.79
Interest 18.41 21.6 17.89 17.92 17.08
Depreciation 27.08 27.45 25.15 30.36 31.61
Exceptional Items 0 0 0 0 0
Profit Before Tax 53.12 15.3 49.64 53.66 69.4
Tax 17.64 7.56 12.35 15.14 19.06
Net Profit 35.48 7.74 37.29 38.52 50.34
Adjusted EPS (Rs.) 18.91 4.13 19.87 20.52 26.82

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 18.77 18.77 18.77 18.77 18.77
Total Reserves 249.41 247.89 288.98 330.51 378.85
Borrowings 164.13 159.69 145.12 115.67 59.12
Other N/C liabilities 8.32 8.47 6.04 8.21 7.37
Current liabilities 208.61 165.62 195.69 265.55 283.38
Total Liabilities 649.23 600.45 654.59 738.71 747.49
Assets
Net Block 175.04 198.21 204.96 221.56 211.04
Capital WIP 13.8 11.59 24.51 15.97 12.64
Intangible WIP 0 0 0 0 0
Investments 158.47 163.14 164.4 167.1 167.1
Loans & Advances 35.54 20.87 19.82 21.09 16.49
Other N/C Assets 0.75 0.84 0.71 0.91 1.66
Current Assets 265.62 205.79 240.19 312.08 338.55
Total Assets 649.23 600.45 654.59 738.71 747.49
* 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 53.12 15.3 49.64 53.66 69.4
Adjustment 31.56 45.9 36.87 44 47.41
Changes in Assets & Liabilities -31.03 90.21 -14.51 -29.46 -42.74
Tax Paid -16.55 -7.22 -14.49 -15.02 -20.86
Operating Cash Flow 37.1 144.19 57.52 53.18 53.2
Investing Cash Flow -63.24 -51.21 -15.25 -43.43 -35.04
Financing Cash Flow 47.99 -107.76 -23.17 -17.83 -30.91
Net Cash Flow 21.85 -14.78 19.09 -8.08 -12.75

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 56.22 56.26 56.26 56.26 56.23
aabha kapuria 0.43 0.45 0.45 0.45 0.45
abhay kapuria - - 0.04 0.04 0.04
adhiraj kapuria 0.10 0.10 0.10 0.10 0.10
adhiveer kapuria 0.10 0.10 0.10 0.10 0.10
anuj kapuria 4.50 4.50 4.50 4.50 4.49
deep kapuria 16.62 16.62 16.62 16.62 16.61
deep kapuria huf 1.23 1.23 1.23 1.23 1.23
hi-tech portfolio invest... 10.51 10.51 10.51 10.51 10.50
megha kapuria 0.43 0.45 0.45 0.45 0.45
olympus electrical indust... 9.30 9.30 9.30 9.30 9.29
pranav kapuria 4.52 4.52 4.52 4.52 4.52
veena kapuria 2.67 2.67 2.67 2.67 2.67
vulcan electro controls l... 5.77 5.77 5.77 5.77 5.76
master abhay kapuria 0.04 0.04 - - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 43.78 43.74 43.74 43.74 43.77
anuj a sheth - - - - 4.05
hiten anantrai sheth - - - - 3.31
investor education and pr... - - - - 0.18
manohar devabhaktuni 1.29 - - - 2.14
nemish s shah - - - - 7.17
prescient wealth manageme... - - - - 2.12
shamyak investment privat... 1.54 1.54 1.54 - 1.54
tejas mukesh patani - - 2.42 2.13 1.20
investor education and pr... 0.17 0.17 0.17 0.17 -
manohar devabhaktuni - - 2.14 2.14 -
prescient wealth manageme... - - 2.12 - -
manohar devbhaktuni - 1.51 - - -
mukesh chimanlal patani 2.86 2.86 - - -
prescient wealth manageme... 2.12 2.12 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ3FY24 19 Feb 2024
  • PresentationQ2FY24 21 Nov 2023
  • PresentationH1FY24 15 Jan 2024

Company News

The Hi-Tech Gears informs about investor meet27 Feb 2024, 2:40PM The Hi-Tech Gears informs about earnings presentation15 Feb 2024, 2:31PM Hi-Tech Gears - Quaterly Results13 Feb 2024, 2:52PM Hi-Tech Gears - Quaterly Results13 Feb 2024, 2:52PM Hi-Tech Gears - Quaterly Results13 Feb 2024, 2:52PM The Hi-Tech Gears informs about updated investor presentation12 Jan 2024, 12:36PM The Hi-Tech Gears informs about allotment of equity shares9 Jan 2024, 4:21PM The Hi-Tech Gears informs about compliance certificate5 Jan 2024, 1:57PM The Hi-Tech Gears informs about analyst meet25 Nov 2023, 3:25PM Hi-Tech Gears - Quaterly Results14 Aug 2023, 3:17PM Hi-Tech Gears - Quaterly Results14 Aug 2023, 3:17PM Hi-Tech Gears - Quaterly Results27 May 2023, 8:01PM The Hi-Tech Gears informs about certificate 13 Apr 2023, 4:56PM Hi-Tech Gears - Quaterly Results8 Feb 2023, 3:29PM Hi-Tech Gears - Quaterly Results8 Feb 2023, 3:29PM Hi-Tech Gears - Quaterly Results8 Feb 2023, 3:29PM The Hi-Tech Gears informs about newspaper publication 19 Jan 2023, 9:53AM The Hi-Tech Gears informs about grant of employee stock options 22 Nov 2022, 5:07PM Hi-Tech Gears - Quaterly Results7 Nov 2022, 1:45PM Hi-Tech Gears - Quaterly Results7 Nov 2022, 1:45PM Hi-Tech Gears - Quaterly Results7 Nov 2022, 1:45PM The Hi-Tech Gears informs about newspaper publication 9 Aug 2022, 5:03PM Hi-Tech Gears - Quaterly Results8 Aug 2022, 2:33PM Hi-Tech Gears - Quaterly Results8 Aug 2022, 2:33PM Hi-Tech Gears - Quaterly Results8 Aug 2022, 2:33PM The Hi-Tech Gears informs about disclosure30 Mar 2022, 9:59AM Hi-Tech Gears - Quaterly Results9 Feb 2022, 1:56PM Hi-Tech Gears - Quaterly Results9 Feb 2022, 1:56PM Hi-Tech Gears - Quaterly Results9 Feb 2022, 1:56PM The Hi-Tech Gears informs about newspaper publication3 Nov 2021, 1:27PM The Hi-Tech Gears informs about newspaper publication31 Aug 2021, 1:19PM The Hi-Tech Gears informs about cancellation of EGM4 May 2021, 3:51PM The Hi-Tech Gears informs about EGM16 Apr 2021, 4:31PM Hi-Tech Gears informs about newspaper publication17 Aug 2020, 1:14PM Hi-Tech Gears informs about updates27 May 2020, 3:32PM

Hi-Tech Gears Stock Price Analysis and Quick Research Report. Is Hi-Tech Gears an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Hi-Tech Gears is performing and if it is the right time to buy the stock of Hi-Tech Gears with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Hi-Tech Gears has reported outstanding sales growth of 21.286501262021 % and in the latest quarter sales was Rs 193.554 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 9.92518560822387 times for Hi-Tech Gears . It is managing its inventory poorly .
     
  • Hi-Tech Gears reported Profit growth of 30.688751005997 % over the year, where the latest year profit is Rs 50.34 Cr compared to the previous year of Rs 38.519 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Hi-Tech Gears in the latest quarter is Rs 28.845 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Hi-Tech Gears has a average ROE of 13.4876256259528 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Hi-Tech Gears has a low Debt to Equity ratio of 0.5031.
     
  • Hi-Tech Gears pays a dividend of 2.5 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.2159 %.
     
  • The share of promoter in Hi-Tech Gears is high at 56.23 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Hi-Tech Gears is 47.6718267268719 compared to the 5 year average PE of 12.2874169501687 .
     
  • Share Price: - The current share price of Hi-Tech Gears is Rs 1163.45. One can use valuation calculators of ticker to know if Hi-Tech Gears share price is undervalued or overvalued.
Last Updated on:
Brief about Hi-Tech Gears
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