The Hi-Tech Gears Ltd

₹ 743 0.25%

27 Jun - close price

hitechgears.com BSE: 522073 NSE: HITECHGEAR

About

The Hi-Tech Gears Ltd is an auto components manufacturer primarily engaged in the business of manufacturing gears and transmission components.^[1]

Key Points

Product Portfolio
The product portfolio of the company comprises precision gears, shafts, transmission components, and engine components catering to two-wheelers (26%), Passenger Vehicles (43%), Commercial Vehicles, and Agri and Off-Road vehicles (31%). ^[1]

Website BSE NSE - BE

Market Cap ₹ 1,396 Cr.
Current Price ₹ 743
High / Low ₹ 1,065 / 515
Stock P/E 29.5
Book Value ₹ 250
Dividend Yield 0.67 %
ROCE 13.4 %
ROE 10.4 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Stock is trading at 2.97 times its book value
The company has delivered a poor sales growth of 5.24% over past five years.
Company has a low return on equity of 11.6% over last 3 years.
Dividend payout has been low at 9.46% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE SmallCap

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	185	194	216	184	188	180	203	194	203	179	173	146	160
	156	166	186	157	164	157	178	165	176	152	148	127	135
Operating Profit	29	27	30	27	25	24	26	29	27	28	25	18	25
OPM %	15%	14%	14%	15%	13%	13%	13%	15%	13%	15%	15%	13%	15%
	2	2	3	2	2	3	1	2	4	2	2	3	5
Interest	4	4	4	4	4	5	5	5	4	4	3	3	2
Depreciation	8	8	8	8	8	8	8	8	8	8	8	8	8
Profit before tax	19	17	21	17	14	14	14	18	20	19	16	10	18
Tax %	26%	36%	31%	31%	7%	24%	27%	28%	17%	23%	23%	29%	28%
	14	11	15	12	13	10	10	13	16	14	12	7	13
EPS in Rs	7.29	5.79	7.85	6.38	6.81	5.49	5.37	6.76	8.64	7.65	6.49	3.98	7.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	361	432	450	448	527	647	509	522	645	782	780	658
	315	379	393	394	457	565	451	440	550	673	675	561
Operating Profit	46	53	57	55	71	82	58	82	95	109	105	96
OPM %	13%	12%	13%	12%	13%	13%	11%	16%	15%	14%	13%	15%
	5	3	2	6	13	16	6	10	7	9	9	12
Interest	6	4	2	3	9	18	22	18	18	17	18	12
Depreciation	23	25	23	25	26	27	27	25	30	32	32	33
Profit before tax	22	26	34	33	48	53	15	50	54	69	65	64
Tax %	28%	30%	37%	36%	34%	33%	49%	25%	28%	27%	24%	25%
	16	18	21	21	32	35	8	37	39	50	49	47
EPS in Rs	8.49	9.81	11.27	11.13	17.00	18.90	4.12	19.87	20.52	26.82	26.24	25.21
Dividend Payout %	29%	25%	27%	22%	21%	19%	36%	10%	7%	9%	19%	0%

Compounded Sales Growth
10 Years:	4%
5 Years:	5%
3 Years:	1%
TTM:	-16%

Compounded Profit Growth
10 Years:	10%
5 Years:	46%
3 Years:	8%
TTM:	-3%

Stock Price CAGR
10 Years:	11%
5 Years:	45%
3 Years:	59%
1 Year:	-24%

Return on Equity
10 Years:	11%
5 Years:	12%
3 Years:	12%
Last Year:	10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	19	19	19	19	19	19	19	19	19	19	19	19
Reserves	157	163	177	196	222	249	248	289	331	379	424	452
	42	44	42	124	182	253	190	175	209	200	147	63
	80	68	78	83	98	111	121	158	152	131	112	137
Total Liabilities	298	294	316	421	521	633	578	641	710	728	702	670
	179	173	174	171	169	175	198	205	222	211	213	233
CWIP	0	1	3	3	2	14	12	25	16	13	3	1
Investments	0	0	0	102	154	158	163	164	167	167	166	155
	119	120	139	146	196	285	205	247	305	338	319	282
Total Assets	298	294	316	421	521	633	578	641	710	728	702	670

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	18	39	50	37	45	37	144	58	53	53	85	88
	-8	-32	-25	-120	-88	-63	-51	-15	-43	-35	-14	-3
	-17	-7	-12	75	43	48	-108	-23	-18	-31	-78	-84
Net Cash Flow	-8	-0	13	-7	1	22	-15	19	-8	-13	-7	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	53	54	54	59	69	61	42	58	71	71	66	64
Inventory Days	45	41	47	54	59	78	79	77	87	69	74	100
Days Payable	77	50	57	59	72	67	96	103	115	73	69	66
Cash Conversion Cycle	20	45	44	55	56	73	25	32	44	66	72	98
Working Capital Days	27	32	38	45	50	49	-3	27	50	64	69	82
ROCE %	13%	14%	16%	12%	15%	13%	7%	14%	14%	15%	14%	13%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	56.22%	56.22%	56.22%	56.22%	56.26%	56.26%	56.26%	56.23%	56.23%	56.23%	56.23%	56.19%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.06%	0.01%	0.00%	0.00%	0.01%
	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	43.78%	43.76%	43.77%	43.77%	43.72%	43.69%	43.73%	43.70%	43.75%	43.75%	43.75%	43.80%
No. of Shareholders	7,554	7,736	6,643	6,309	7,176	7,414	7,284	9,567	11,872	11,841	11,227	10,825

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	55.30%	55.30%	55.30%	55.53%	56.00%	56.22%	56.22%	56.23%	56.19%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.01%
	0.14%	0.24%	0.13%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%
	44.56%	44.46%	44.57%	44.47%	43.99%	43.78%	43.77%	43.70%	43.80%
No. of Shareholders	5,305	5,275	5,245	5,203	5,243	7,463	6,309	9,567	10,825

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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