The Hi-Tech Gears Ltd
The Hi-Tech Gears Ltd is an auto components manufacturer primarily engaged in the business of manufacturing gears and transmission components.[1]
- Market Cap ₹ 1,269 Cr.
- Current Price ₹ 677
- High / Low ₹ 1,085 / 515
- Stock P/E 26.8
- Book Value ₹ 250
- Dividend Yield 0.74 %
- ROCE 13.4 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 2.70 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 10% |
5 Years: | 47% |
3 Years: | 54% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Regarding publication of Audited Financial Results for the quarter and year ended March 31, 2025 in Newspapers.
- Announcement under Regulation 30 (LODR)-Investor Presentation 30 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report confirms full SEBI compliance for FY ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
29 May - Approved FY25 audited results; recommended 50% final dividend; proposed MOA amendments for new business activities.
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Corporate Action-Board approves Dividend
29 May - Board approved FY25 audited results, recommended 50% final dividend, and proposed MOA amendments.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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Mar 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Jan 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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]