Hi-Tech Gears

The Hi-Tech Gears Ltd.

NSE: HITECHGEAR BSE: 522073 SECTOR: Auto Ancillary  17k   40   5

367.35
-17.95 (-4.66%)
NSE: Today, 03:14 PM

Price Summary

Today's High

₹ 400.7

Today's Low

₹ 361.5

52 Week High

₹ 385.3

52 Week Low

₹ 155.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 689.44 Cr.

Enterprise Value

₹ 846.61 Cr.

No. of Shares

1.88 Cr.

P/E

13.7

P/B

1.73

Face Value

₹ 10

Div. Yield

0.67 %

Book Value (TTM)

₹  211.86

CASH

₹ 51.39 Cr.

DEBT

₹ 208.56 Cr.

Promoter Holding

56.22 %

EPS (TTM)

₹  26.82

Sales Growth

23.4%

ROE

11.73 %

ROCE

13.39%

Profit Growth

3.3 %

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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

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

 Group Companies

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Ratios

Sales Growth

1 Year23.4%
3 Year-0.13%
5 Year7.53%

Profit Growth

1 Year3.3%
3 Year2.77%
5 Year13.03%

ROE%

1 Year11.73%
3 Year9.2%
5 Year11.12%

ROCE %

1 Year13.39%
3 Year11.63%
5 Year13.03%

Debt/Equity

0.5971

Price to Cash Flow

12.96

Interest Cover Ratio

3.99458705357143

CFO/PAT (5 Yr. Avg.)

2.23572824538739

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 56.22 0
Dec 2022 56.22 0
Sep 2022 56.22 0
Jun 2022 56.22 0
Mar 2022 56.22 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of -2.4901654195899 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.23572824538739.
  • The company has a high promoter holding of 56.22%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 11.6406728641426.

 Limitations

  • The company has shown a poor profit growth of 2.77342053192089% for the Past 3 years.
  • The company has shown a poor revenue growth of -0.134809766795951% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 184.65 193.61 215.87 183.85 188.49
Total Expenditure 156.07 166.45 185.83 156.59 163.64
Operating Profit 28.58 27.15 30.03 27.26 24.85
Other Income 2.45 1.78 3.36 1.98 1.67
Interest 4.25 4.26 4.12 4.29 4.41
Depreciation 8.2 7.62 7.95 7.66 8.37
Exceptional Items 0 0 0 0 0
Profit Before Tax 18.59 17.06 21.32 17.29 13.73
Tax 4.9 6.19 6.59 5.32 0.95
Profit After Tax 13.69 10.86 14.73 11.97 12.78
Adjusted EPS (Rs) 7.29 5.79 7.85 6.38 6.81

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 527.27 647.22 509.33 522.38 644.6
Total Expenditure 456.71 564.84 451.18 439.95 549.81
Operating Profit 70.55 82.38 58.15 82.43 94.8
Other Income 13.19 16.24 6.2 10.26 7.15
Interest 9.06 18.41 21.6 17.89 17.92
Depreciation 26.3 27.08 27.45 25.15 30.36
Exceptional Items 0 0 0 0 0
Profit Before Tax 48.39 53.12 15.3 49.64 53.66
Tax 16.48 17.64 7.56 12.35 15.14
Net Profit 31.91 35.48 7.74 37.29 38.52
Adjusted EPS (Rs.) 17 18.91 4.13 19.87 20.52

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 18.77 18.77 18.77 18.77 18.77
Total Reserves 221.67 249.41 247.89 288.98 330.51
Borrowings 122.24 164.13 159.69 145.12 115.67
Other N/C liabilities 7.35 8.32 8.47 6.04 8.21
Current liabilities 180.18 208.61 165.62 195.69 265.55
Total Liabilities 550.21 649.23 600.45 654.59 738.71
Assets
Net Block 169.33 175.04 198.21 204.96 221.56
Capital WIP 2.11 13.8 11.59 24.51 15.97
Intangible WIP 0 0 0 0 0
Investments 153.57 158.47 163.14 164.4 167.1
Loans & Advances 5.66 35.54 20.87 19.82 21.09
Other N/C Assets 0.18 0.75 0.84 0.71 0.91
Current Assets 219.36 265.62 205.79 240.19 312.08
Total Assets 550.21 649.23 600.45 654.59 738.71
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 48.39 53.12 15.3 49.64 53.66
Adjustment 26.84 31.56 45.9 36.87 44
Changes in Assets & Liabilities -12.56 -31.03 90.21 -14.51 -29.46
Tax Paid -17.18 -16.55 -7.22 -14.49 -15.02
Operating Cash Flow 45.48 37.1 144.19 57.52 53.18
Investing Cash Flow -88.18 -63.24 -51.21 -15.25 -43.43
Financing Cash Flow 43.39 47.99 -107.76 -23.17 -17.83
Net Cash Flow 0.69 21.85 -14.78 19.09 -8.08

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 56.22 56.22 56.22 56.22 56.22
deep kapuria 16.61 16.61 16.61 16.61 16.61
hi-tech portfolio... 10.51 10.51 10.51 10.51 10.51
olympus electrical... 9.30 9.30 9.30 9.30 9.30
vulcan electro con... 5.77 5.77 5.77 5.77 5.77
pranav kapuria 4.52 4.52 4.52 4.52 4.52
anuj kapuria 4.50 4.50 4.50 4.50 4.50
veena kapuria 2.67 2.67 2.67 2.67 2.67
deep kapuria & so... 1.18 1.23 1.23 1.23 1.23
megha kapuria 0.05 0.08 0.08 0.08 0.16
aabha kapuria 0.05 0.08 0.08 0.08 0.10
adhiraj kapuria 0.10 0.10 0.10 0.10 0.10
adhiveer kapuria 0.10 0.10 0.10 0.10 0.10
master abhay kapur... 0.04 0.04 0.04 0.04 0.04
dev kumari kapuria 0.01 0.01 0.01 0.01 0.01
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 43.78 43.78 43.78 43.78 43.78
nemish s shah 4.09 4.09 4.09 4.09 4.09
anuj anantrai sheth 4.05 4.05 4.05 4.05 4.05
hiten anantrai she... 3.31 3.31 3.31 3.31 3.31
nemish s shah (hu... 3.09 3.09 3.09 3.09 3.09
mukesh chimanlal p... 2.86 2.86 2.86 2.86 2.86
prescient wealth m... 1.36 1.36 1.36 1.36 2.12
shamyak investment... 1.54 1.54 1.54 1.54 1.54
il and fs securiti... - - - - -
indianivesh securi... - - - - -
indianivesh securi... - - - - -
iepf 0.13 0.14 0.14 0.14 0.15

Annual Reports

Ratings & Research Reports

Company Presentations

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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 23.3971886312428 % and in the latest quarter sales was Rs 188.49 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 9.51975518029644 times for Hi-Tech Gears . It is managing its inventory poorly .
     
  • The company reported Profit growth of 3.30133018665522 % over the year, where the latest year profit is Rs 38.519 Cr compared to the previous year of Rs 37.288 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 24.851 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 11.7253660466957 %. 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 0.5971.
     
  • Hi-Tech Gears pays a dividend of 1.5 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.6485 %.
     
  • The share of promoter in the company is high at 56.22 %, 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 13.5782539155852 compared to the 5 year average PE of 15.1420089905867 .
Brief about Hi-Tech Gears

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