Hitech Corporation Ltd

Hitech Corporation Ltd

₹ 224 -3.16%
28 Feb - close price
About

Incorporated in 1991, Hitech Corporation Ltd manufactures rigid plastic packaging products[1]

Key Points

Business Overview:[1]
HCL is a part of Hitech Group of companies. It offers a wide range of rigid plastic packaging for industries such as paints and coatings, agrochemicals, personal care, home care, pharmaceuticals, food & beverage, oils and lubricants

  • Market Cap 384 Cr.
  • Current Price 224
  • High / Low 309 / 151
  • Stock P/E 18.1
  • Book Value 148
  • Dividend Yield 0.45 %
  • ROCE 15.0 %
  • ROE 10.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 26.2% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 7.54% over past five years.
  • Company has a low return on equity of 11.2% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
128.53 137.87 130.69 166.83 140.87 150.05 148.39 160.71 121.07 128.49 150.38 143.49 129.30
109.08 117.41 111.01 141.92 121.93 127.79 129.38 136.03 107.10 111.98 129.78 125.82 115.45
Operating Profit 19.45 20.46 19.68 24.91 18.94 22.26 19.01 24.68 13.97 16.51 20.60 17.67 13.85
OPM % 15.13% 14.84% 15.06% 14.93% 13.45% 14.84% 12.81% 15.36% 11.54% 12.85% 13.70% 12.31% 10.71%
0.42 6.05 2.10 0.27 8.20 0.17 0.17 0.43 0.24 4.71 0.16 0.08 0.67
Interest 5.08 4.57 4.45 4.23 3.92 3.53 3.51 3.68 3.49 3.08 3.56 3.61 3.49
Depreciation 7.60 7.40 7.19 8.04 7.48 7.30 7.18 7.31 7.15 6.96 6.93 7.22 7.52
Profit before tax 7.19 14.54 10.14 12.91 15.74 11.60 8.49 14.12 3.57 11.18 10.27 6.92 3.51
Tax % 37.13% 14.65% 26.13% 24.79% 24.71% 28.02% 25.32% 25.71% 25.21% 21.02% 25.22% 25.43% 27.92%
4.51 12.40 7.50 9.71 11.84 8.34 6.34 10.49 2.68 8.82 7.68 5.15 2.53
EPS in Rs 2.63 7.22 4.37 5.65 6.89 4.86 3.69 6.11 1.56 5.14 4.47 3.00 1.47
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
231 256 271 465 393 367 388 462 460 447 588 559 552
199 227 242 425 347 332 351 410 400 383 502 484 483
Operating Profit 33 29 29 40 45 35 37 52 60 64 86 74 69
OPM % 14% 11% 11% 9% 12% 10% 10% 11% 13% 14% 15% 13% 12%
1 0 0 1 1 1 6 15 -3 7 11 6 6
Interest 12 13 14 16 10 9 14 20 24 19 16 14 14
Depreciation 7 8 10 16 16 13 18 21 30 30 30 29 29
Profit before tax 15 8 6 9 20 14 12 26 4 22 50 37 32
Tax % 25% 18% 33% 25% 30% 31% 35% 36% 34% 24% 26% 24%
11 7 4 7 14 9 8 16 2 17 37 28 24
EPS in Rs 8.33 5.33 2.84 4.47 8.22 5.45 4.52 9.55 1.37 9.87 21.77 16.49 14.08
Dividend Payout % 19% 30% 32% 20% 11% 17% 20% 9% 0% 10% 5% 6%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 7%
TTM: -5%
Compounded Profit Growth
10 Years: 14%
5 Years: 26%
3 Years: 88%
TTM: -24%
Stock Price CAGR
10 Years: 17%
5 Years: 18%
3 Years: 17%
1 Year: 15%
Return on Equity
10 Years: 8%
5 Years: 9%
3 Years: 11%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 13 13 15 17 17 17 17 17 17 17 17 17
Reserves 64 69 71 128 118 127 133 147 148 165 200 226 237
Preference Capital 0 0 0 0 31 0 26 22 22 0 0 0
70 68 71 69 37 108 139 162 161 148 99 63 68
17 20 21 37 61 51 65 77 60 39 38 34 36
Total Liabilities 164 170 177 249 234 303 355 404 386 369 354 340 358
57 83 78 121 97 139 156 235 276 251 245 228 225
CWIP 5 0 1 2 2 8 44 39 2 3 2 6 11
Investments 34 34 34 0 0 0 0 0 0 0 0 0 0
68 53 63 126 135 156 155 130 108 114 107 106 122
Total Assets 164 170 177 249 234 303 355 404 386 369 354 340 358

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
27 37 17 39 41 37 43 86 56 65 73 69
-15 -24 -6 -4 -7 -63 -80 -84 -25 -9 -6 -16
-7 -17 -13 -33 -35 27 41 -6 -31 -52 -65 -54
Net Cash Flow 4 -5 -1 2 -1 1 3 -5 1 4 2 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 46 36 45 58 57 87 71 44 34 36 27 24
Inventory Days 49 29 35 30 47 52 58 51 46 53 43 39
Days Payable 18 18 20 20 23 45 32 20 22 25 19 18
Cash Conversion Cycle 76 47 60 67 81 94 96 75 59 64 50 45
Working Capital Days 49 28 32 54 76 80 68 39 30 16 37 38
ROCE % 19% 14% 13% 14% 15% 10% 9% 9% 9% 10% 17% 15%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.43% 74.43% 74.43% 74.43% 74.43% 74.43% 74.44% 74.44% 74.44% 74.44% 74.44% 74.44%
0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.00%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
25.55% 25.55% 25.55% 25.55% 25.53% 25.55% 25.55% 25.55% 25.54% 25.51% 25.56% 25.54%
No. of Shareholders 5,7646,7496,6278,1467,6377,8487,8097,8857,7347,8277,4418,175

* 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.

Click on the line-items to see the names of individual entities.

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