Hitech Corporation Ltd

Hitech Corporation Limited is engaged in manufacturing of packaging products of plastics. The Company operates through Plastic Containers segment.

  • Market Cap: 119.11 Cr.
  • Current Price: 69.35
  • 52 weeks High / Low 101.95 / 40.05
  • Book Value: 96.37
  • Stock P/E: 25.89
  • Dividend Yield: 1.30 %
  • ROCE: 13.76 %
  • ROE: 9.12 %
  • Sales Growth (3Yrs): 5.57 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.72 times its book value
Debtor days have improved from 67.21 to 44.30 days.
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 11.25% over past five years.
Company has a low return on equity of 6.77% for last 3 years.
Contingent liabilities of Rs.80.95 Cr.

Peer comparison Sector: Packaging // Industry: Packaging

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
95 92 104 91 101 110 122 126 103 121 122 107
88 84 93 83 92 99 108 112 92 106 107 92
Operating Profit 7 9 11 8 10 11 14 15 11 16 15 16
OPM % 8% 9% 10% 9% 9% 10% 12% 12% 11% 13% 12% 14%
Other Income 0 0 0 0 6 0 0 15 0 0 0 -3
Interest 3 3 4 4 4 4 5 6 6 6 6 6
Depreciation 3 4 5 4 4 4 5 6 6 7 8 8
Profit before tax 2 1 3 1 7 3 5 18 -0 3 1 -1
Tax % -11% 49% 39% 37% 31% 39% 32% 36% -0% 38% 30% 43%
Net Profit 2 1 2 0 5 2 3 12 -0 2 1 -1
EPS in Rs 1.04 0.41 0.93 0.22 2.96 1.08 1.92 6.76 -0.21 1.15 0.55 -0.49
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
106 134 159 204 231 256 271 465 393 367 388 462 454
89 114 132 174 199 227 242 425 347 332 351 410 397
Operating Profit 17 20 27 30 33 29 29 40 46 35 37 52 58
OPM % 16% 15% 17% 15% 14% 11% 11% 9% 12% 10% 10% 11% 13%
Other Income 1 2 1 1 1 0 0 1 1 1 6 15 -3
Interest 5 7 5 9 12 13 14 16 10 9 14 20 24
Depreciation 4 3 3 6 7 8 10 16 16 13 18 21 28
Profit before tax 9 12 20 16 15 8 6 9 20 14 12 26 3
Tax % 12% 26% 31% 27% 25% 18% 33% 25% 30% 31% 35% 36%
Net Profit 8 9 14 12 11 7 4 7 14 9 8 16 2
EPS in Rs 5.87 6.84 10.18 8.74 8.07 5.06 2.69 4.29 7.58 5.45 4.52 9.55 1.00
Dividend Payout % 17% 16% 14% 18% 19% 30% 32% 20% 11% 17% 20% 9%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:13.14%
5 Years:11.25%
3 Years:5.57%
TTM:-1.11%
Compounded Profit Growth
10 Years:6.00%
5 Years:33.87%
3 Years:5.91%
TTM:-78.97%
Stock Price CAGR
10 Years:-2.35%
5 Years:-3.86%
3 Years:-28.80%
1 Year:-25.15%
Return on Equity
10 Years:9.34%
5 Years:7.39%
3 Years:6.77%
Last Year:9.12%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
13 13 13 13 13 13 13 15 48 17 43 40 17
Reserves 24 35 46 56 64 69 71 97 118 127 133 147 148
Borrowings 27 19 40 62 70 68 71 69 37 108 139 162 180
8 12 15 18 17 20 21 68 61 51 65 77 73
Total Liabilities 72 78 115 149 164 170 177 249 234 303 355 404 419
17 23 32 56 57 83 78 121 97 139 156 235 285
CWIP 0 0 14 2 5 0 1 2 2 8 44 39 4
Investments 19 19 28 34 34 34 34 0 0 0 0 0 0
36 36 40 58 68 53 63 126 135 156 155 130 130
Total Assets 72 78 115 149 164 170 177 249 234 303 355 404 419

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
10 22 21 12 27 37 17 39 41 37 43 86
-7 -5 -35 -24 -15 -24 -6 -4 -7 -63 -80 -84
-3 -16 15 10 -7 -17 -13 -33 -35 27 41 -6
Net Cash Flow 0 1 1 -1 4 -5 -1 2 -1 1 3 -5

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 23% 29% 30% 22% 19% 14% 13% 15% 16% 10% 9% 14%
Debtor Days 52 42 43 48 46 36 45 58 57 87 71 44
Inventory Turnover 7.55 9.12 8.28 7.27 7.09 10.48 11.78 14.60 8.41 7.28 6.76 7.38