Hitech Corporation Ltd

₹ 413 -0.40%

12 Nov - close price

hitechgroup.com BSE: 526217 NSE: HITECHCORP

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

Website BSE NSE - BE

Market Cap ₹ 709 Cr.
Current Price ₹ 413
High / Low ₹ 425 / 112
Stock P/E 58.0
Book Value ₹ 161
Dividend Yield 0.24 %
ROCE 7.16 %
ROE 3.16 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 2.57 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 5.52% over past five years.
Tax rate seems low
Company has a low return on equity of 4.60% 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	150.38	143.49	129.30	138.63	142.62	146.51	123.00	137.30	152.82	148.28	131.54	151.61	210.84
YoY Sales growth	+1.34%	-10.71%	+6.80%	+7.89%	-5.16%	+2.10%	-4.87%	-0.96%	+7.15%	+1.21%	+6.94%	+10.42%	+37.97%
	129.78	125.82	115.45	118.16	126.31	129.60	109.79	123.99	134.77	132.24	120.08	133.08	189.40
Operating Profit	20.60	17.67	13.85	20.47	16.31	16.91	13.21	13.31	18.05	16.04	11.46	18.53	21.44
OPM %	13.70%	12.31%	10.71%	14.77%	11.44%	11.54%	10.74%	9.69%	11.81%	10.82%	8.71%	12.22%	10.17%
	0.16	0.08	0.67	0.50	1.67	0.36	0.97	-0.35	0.38	0.17	-1.79	2.42	1.14
Interest	3.56	3.61	3.49	3.60	3.95	4.10	3.90	4.11	4.49	4.80	4.47	4.62	4.98
Depreciation	6.93	7.22	7.52	8.04	8.68	9.09	9.06	9.19	9.31	9.42	9.49	9.52	9.60
Profit before tax	10.27	6.92	3.51	9.33	5.35	4.08	1.22	-0.34	4.63	1.99	-4.29	6.81	8.00
Tax %	25.22%	25.43%	27.92%	28.72%	24.30%	28.68%	-16.39%	23.53%	26.35%	24.12%	-23.54%	6.31%	22.75%
	7.68	5.15	2.53	6.64	4.05	2.92	1.43	-0.42	3.40	1.51	-3.27	6.38	6.18
EPS in Rs	4.47	3.00	1.47	3.87	2.36	1.70	0.83	-0.24	1.98	0.88	-1.90	3.71	3.60
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	465	393	367	388	462	460	447	588	559	562	549	584	642
Sales growth	+72%	-16%	-6%	+6%	+19%	-0%	-3%	+32%	-5%	+1%	-2%	+6%	+15%
	425	347	332	351	410	400	383	502	486	490	490	520	575
Operating Profit	40	45	35	37	52	60	64	86	73	72	60	64	67
OPM %	9%	12%	10%	10%	11%	13%	14%	15%	13%	13%	11%	11%	10%
	1	1	1	6	15	-3	7	11	7	2	3	1	2
Interest	16	10	9	14	20	24	19	16	14	14	16	18	19
Depreciation	16	16	13	18	21	30	30	30	29	30	36	38	38
Profit before tax	9	20	14	12	26	4	22	50	37	30	10	9	13
Tax %	25%	30%	31%	35%	36%	34%	24%	26%	24%	27%	23%	12%
	7	14	9	8	16	2	17	37	28	22	8	8	11
EPS in Rs	4.47	8.22	5.45	4.52	9.55	1.37	9.87	21.77	16.49	12.81	4.65	4.67	6.29
Dividend Payout %	20%	11%	17%	20%	9%	0%	10%	5%	6%	8%	22%	21%

Compounded Sales Growth
10 Years:	4%
5 Years:	6%
3 Years:	2%
TTM:	15%

Compounded Profit Growth
10 Years:	-5%
5 Years:	-8%
3 Years:	-30%
TTM:	42%

Stock Price CAGR
10 Years:	10%
5 Years:	10%
3 Years:	13%
1 Year:	120%

Return on Equity
10 Years:	7%
5 Years:	7%
3 Years:	5%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15	17	17	17	17	17	17	17	17	17	17	17
Reserves	131	118	127	133	147	148	165	200	226	246	253	259
	69	68	108	166	185	183	148	99	63	80	114	136
	34	30	51	39	55	37	39	38	34	45	56	61
Total Liabilities	249	234	303	355	404	386	369	354	340	389	440	472
	121	97	139	156	235	276	251	245	228	256	273	270
CWIP	2	2	8	44	39	2	3	2	6	15	13	12
Investments	0	0	0	0	0	0	0	0	0	1	29	28
	126	135	156	155	130	108	114	107	106	117	127	163
Total Assets	249	234	303	355	404	386	369	354	340	389	440	472

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	39	41	37	43	86	56	65	73	69	55	47	37
	-4	-7	-63	-80	-84	-25	-9	-6	-16	-48	-64	-45
	-33	-35	27	41	-6	-31	-52	-65	-52	-8	16	8
Net Cash Flow	2	-1	1	3	-5	1	4	2	2	-2	-0	0
Free Cash Flow	32	33	-26	-38	1	31	55	67	53	7	-2	3
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	108%	106%	122%	125%	178%	97%	110%	103%	110%	86%	87%	57%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	58	57	87	71	44	34	36	27	24	28	30	38
Inventory Days	30	47	52	58	51	46	53	43	39	45	53	70
Days Payable	20	23	45	32	20	22	25	19	18	21	24	32
Cash Conversion Cycle	67	81	94	96	75	59	64	50	45	52	59	76
Working Capital Days	13	53	25	2	-10	-21	-22	0	7	6	-5	11
ROCE %	13%	15%	10%	9%	9%	9%	10%	17%	15%	13%	7%	7%

Insights

In beta

Mar 2016

Mar 2017

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Mar 2019

Mar 2020

Mar 2021

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Number of Manufacturing Plants
count

xx	xx	xx	xx	xx	x	xx	xx	xx	xx	xx
xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
xx.xx	xx.xx	xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
		xx,xxx						xx,xxx
								x,xxx	x,xxx
								x,xxx	x,xxx
									xx	xx
								x,xxx

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Total Permanent Employees
count

Asian Paints Customer Revenue Share
%

Installed Capacity
MTPA

Number of Customers Served
count

Product SKUs
count

Top Five Customers Revenue Share
%

Production Volume
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	74.44%	74.44%	74.44%	74.44%	74.44%	74.44%	74.44%	74.44%	74.44%	74.44%	74.44%	74.44%
	0.00%	0.10%	0.12%	0.15%	0.14%	0.12%	0.12%	0.15%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.13%	0.04%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	25.54%	25.44%	25.44%	25.37%	25.36%	25.38%	25.38%	25.36%	25.51%	25.50%	25.41%	25.51%
No. of Shareholders	8,175	8,184	8,436	8,575	8,926	9,487	9,285	9,201	8,905	8,727	7,720	6,864

	Feb 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	74.44%	74.43%	74.43%	74.43%	74.43%	74.43%	74.43%	74.44%	74.44%	74.44%	74.44%	74.44%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.10%	0.12%	0.00%	0.00%
	0.02%	0.05%	0.03%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.04%	0.04%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	25.53%	25.50%	25.52%	25.54%	25.55%	25.55%	25.53%	25.54%	25.44%	25.38%	25.50%	25.51%
No. of Shareholders	7,510	8,296	6,906	6,603	6,150	5,764	7,637	7,734	8,184	9,487	8,727	6,864

* 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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Hitech Corporation Ltd

Hitech Corporation Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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