Hi-Tech Gears
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Hi-Tech Gears share price

The Hi-Tech Gears Ltd.

NSE: HITECHGEAR BSE: 522073 SECTOR: Auto Ancillary  45k   71   7

605.00
+5.00 (0.83%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 605

Today's Low

₹ 605

52 Week High

₹ 1,275.75

52 Week Low

₹ 523.05

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.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 1,136.99 Cr.

Enterprise Value

₹ 1,238.40 Cr.

No. of Shares

1.88 Cr.

P/E

22.63

P/B

2.4

Face Value

₹ 10

Div. Yield

0.83 %

Book Value (TTM)

₹  252.35

CASH

₹ 45.88 Cr.

DEBT

₹ 147.29 Cr.

Promoter Holding

56.23 %

EPS (TTM)

₹  26.73

Sales Growth

-0.23%

ROE

11.74 %

ROCE

13.96%

Profit Growth

-2.13 %

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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 Year-0.23%
3 Year14.3%
5 Year3.8%

Profit Growth

1 Year-2.13%
3 Year9.73%
5 Year6.78%

ROE%

1 Year11.74%
3 Year12.32%
5 Year10.57%

ROCE %

1 Year13.96%
3 Year14.11%
5 Year12.76%

Debt/Equity

0.33

Price to Cash Flow

13.35

Interest Cover Ratio

4.56

CFO/PAT (5 Yr. Avg.)

2.15

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2024 56.23 0.00
Sep 2024 56.23 0.00
Jun 2024 56.23 0.00
Mar 2024 56.23 0.00
Dec 2023 56.26 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 36.21 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.15.
  • The company has a high promoter holding of 56.23%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 6.28.

 Limitations

  • The company has shown a poor profit growth of 9.73% for the Past 3 years.
  • The company has shown a poor revenue growth of 14.30% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 193.55 202.96 179.37 173.05 145.57
Total Expenditure 164.71 175.75 151.62 147.57 127.22
Operating Profit 28.85 27.21 27.75 25.48 18.35
Other Income 1.68 3.80 2.48 1.70 3.17
Interest 5.01 3.68 3.52 3.10 2.80
Depreciation 7.87 7.68 7.94 8.23 8.24
Exceptional Items 0 0 0 0 0
Profit Before Tax 17.65 19.65 18.78 15.86 10.48
Tax 4.97 3.43 4.41 3.68 3.01
Profit After Tax 12.68 16.22 14.37 12.18 7.47
Adjusted EPS (Rs) 6.75 8.64 7.65 6.49 3.98

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 509.33 522.38 644.60 781.81 779.98
Total Expenditure 451.18 439.95 549.81 672.52 674.77
Operating Profit 58.15 82.43 94.80 109.30 105.22
Other Income 6.20 10.26 7.15 8.79 9.31
Interest 21.60 17.89 17.92 17.08 18.19
Depreciation 27.45 25.15 30.36 31.61 31.61
Exceptional Items 0 0 0 0 0
Profit Before Tax 15.30 49.64 53.66 69.40 64.73
Tax 7.56 12.35 15.14 19.06 15.46
Net Profit 7.74 37.29 38.52 50.34 49.27
Adjusted EPS (Rs.) 4.13 19.87 20.52 26.82 26.24

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 18.77 18.77 18.77 18.77 18.78
Total Reserves 247.89 288.98 330.51 378.85 424.29
Borrowings 159.69 145.12 115.67 59.12 57.65
Other N/C liabilities 8.47 6.04 8.21 7.37 5.53
Current liabilities 165.62 195.69 265.55 283.38 213.03
Total Liabilities 600.45 654.59 738.71 747.49 719.28
Assets
Net Block 198.21 204.96 221.56 211.04 213.07
Capital WIP 11.59 24.51 15.97 12.64 3.23
Intangible WIP 0 0 0 0 0
Investments 163.14 164.40 167.10 167.10 166.29
Loans & Advances 20.87 19.82 21.09 16.49 18.66
Other N/C Assets 0.84 0.71 0.91 1.66 0.35
Current Assets 205.79 240.19 312.08 338.55 317.69
Total Assets 600.45 654.59 738.71 747.49 719.28
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 15.30 49.64 53.66 69.40 64.73
Adjustment 45.90 36.87 44 47.41 45.88
Changes in Assets & Liabilities 90.21 -14.51 -29.46 -42.74 -8.39
Tax Paid -7.22 -14.49 -15.02 -20.86 -17.05
Operating Cash Flow 144.19 57.52 53.18 53.20 85.16
Investing Cash Flow -51.21 -15.25 -43.43 -35.04 -14.30
Financing Cash Flow -107.76 -23.17 -17.83 -30.91 -77.70
Net Cash Flow -14.78 19.09 -8.08 -12.75 -6.83

Corporate Actions

Investors Details

PARTICULARS Dec 2023% Mar 2024% Jun 2024% Sep 2024% Dec 2024%
promoters 56.26 56.23 56.23 56.23 56.23
aabha kapuria 0.45 0.45 0.45 0.45 0.45
abhay kapuria 0.04 0.04 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 4.49 4.49 4.52 4.52
deep kapuria 16.62 16.61 16.61 16.59 16.59
deep kapuria and sons huf... - - 1.23 1.23 1.23
hi-tech portfolio invest... 10.51 10.50 10.50 10.50 10.50
megha kapuria 0.45 0.45 0.45 0.45 0.45
olympus electrical indust... 9.30 9.29 9.29 9.29 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 5.76 5.76 5.76 5.76
deep kapuria huf 1.23 1.23 - - -
PARTICULARS Dec 2023% Mar 2024% Jun 2024% Sep 2024% Dec 2024%
investors 43.74 43.77 43.77 43.77 43.77
anuj a sheth - 4.05 4.05 4.05 4.05
hiten anantrai sheth - 3.31 3.31 3.31 3.31
manohar devabhaktuni - 2.14 2.14 - 2.14
nemish s shah - 7.17 7.17 7.17 7.17
prescient wealth manageme... - - 2.12 2.12 2.12
shamyak investment privat... - 1.54 1.54 1.54 1.54
investor education and pr... - - - 0.19 -
manohar devabhaktuni 2.14 - - 2.14 -
investor education and pr... 0.17 0.18 0.19 - -
prescient wealth manageme... - 2.12 - - -
tejas mukesh patani 2.13 1.20 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

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 poor sales growth of -0.23 % and in the latest quarter sales was Rs 145.57 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 9.49 times for Hi-Tech Gears . It is managing its inventory poorly .
     
  • Hi-Tech Gears reported Profit loss of -2.13 % over the year, where the latest year profit is Rs 49.27 Cr compared to the previous year of Rs 50.34 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 18.35 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 11.74 %. 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 0.33.
     
  • Hi-Tech Gears pays a dividend of 5 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.83 %.
     
  • 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 22.69 compared to the 5 year average PE of 15.03 .
     
  • Share Price: - The current share price of Hi-Tech Gears is Rs 606.50. One can use valuation calculators of ticker to know if Hi-Tech Gears share price is undervalued or overvalued.
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Brief about Hi-Tech Gears
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