The Hi-Tech Gears Ltd

The Hi-Tech Gears Ltd

₹ 769 2.75%
28 Mar - close price
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 Co. offers products for 2-wheelers, light vehicles, commercial vehicles, off-highway vehicles, and engine components. Its offerings include high precision gears and shafts, straight and involure special ratchets, kick spindles, power take-off components, etc. [1]

  • Market Cap 1,445 Cr.
  • Current Price 769
  • High / Low 799 / 241
  • Stock P/E 31.5
  • Book Value 220
  • Dividend Yield 0.32 %
  • ROCE 14.7 %
  • ROE 13.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.49 times its book value
  • Company has a low return on equity of 12.6% 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

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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
156 169 133 178 148 185 194 216 184 188 180 203 194
127 140 116 148 129 156 166 186 157 164 157 178 165
Operating Profit 28 29 17 30 19 29 27 30 27 25 24 26 29
OPM % 18% 17% 13% 17% 13% 15% 14% 14% 15% 13% 13% 13% 15%
3 1 2 1 2 2 2 3 2 2 3 1 2
Interest 5 4 4 5 5 4 4 4 4 4 5 5 5
Depreciation 7 7 7 7 8 8 8 8 8 8 8 8 8
Profit before tax 20 19 8 19 8 19 17 21 17 14 14 14 18
Tax % 23% 30% 36% 27% 28% 26% 36% 31% 31% 7% 24% 27% 28%
15 13 5 14 6 14 11 15 12 13 10 10 13
EPS in Rs 8.11 7.06 2.65 7.55 3.02 7.29 5.79 7.85 6.38 6.81 5.49 5.37 6.76
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
497 373 361 432 450 448 527 647 509 522 645 782 766
411 321 315 379 393 394 457 565 451 440 550 673 663
Operating Profit 86 52 46 53 57 55 71 82 58 82 95 109 103
OPM % 17% 14% 13% 12% 13% 12% 13% 13% 11% 16% 15% 14% 13%
3 2 5 3 2 6 13 16 6 10 7 9 7
Interest 7 8 6 4 2 3 9 18 22 18 18 17 19
Depreciation 20 23 23 25 23 25 26 27 27 25 30 32 32
Profit before tax 63 24 22 26 34 33 48 53 15 50 54 69 59
Tax % 33% 31% 28% 30% 37% 36% 34% 33% 49% 25% 28% 27%
42 16 16 18 21 21 32 35 8 37 39 50 46
EPS in Rs 22.44 8.64 8.49 9.81 11.27 11.13 17.00 18.90 4.12 19.87 20.52 26.82 24.43
Dividend Payout % 20% 29% 29% 25% 27% 22% 21% 19% 36% 10% 7% 9%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 15%
TTM: -2%
Compounded Profit Growth
10 Years: 12%
5 Years: 9%
3 Years: 91%
TTM: -11%
Stock Price CAGR
10 Years: 24%
5 Years: 22%
3 Years: 65%
1 Year: 207%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 13%
Last Year: 13%

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 19 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 137 148 157 163 177 196 222 249 248 289 331 379 395
84 47 42 44 42 124 182 253 190 175 209 200 163
106 94 80 68 78 83 98 111 121 158 152 131 151
Total Liabilities 346 307 298 294 316 421 521 633 578 641 710 728 728
201 190 179 173 174 171 169 175 198 205 222 211 200
CWIP 0 0 0 1 3 3 2 14 12 25 16 13 13
Investments 0 0 0 0 0 102 154 158 163 164 167 167 167
145 117 119 120 139 146 196 285 205 247 305 338 348
Total Assets 346 307 298 294 316 421 521 633 578 641 710 728 728

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
33 70 18 39 50 37 45 37 144 58 53 53
-64 -12 -8 -32 -25 -120 -88 -63 -51 -15 -43 -35
12 -50 -17 -7 -12 75 43 48 -108 -23 -18 -31
Net Cash Flow -18 9 -8 -0 13 -7 1 22 -15 19 -8 -13

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 51 29 53 54 54 59 69 61 42 58 71 71
Inventory Days 32 38 45 41 47 54 59 78 79 77 87 69
Days Payable 81 76 77 50 57 59 72 67 96 103 115 73
Cash Conversion Cycle 3 -9 20 45 44 55 56 73 25 32 44 66
Working Capital Days 21 6 27 32 38 45 50 49 -3 27 50 64
ROCE % 34% 14% 13% 14% 16% 12% 15% 13% 7% 14% 14% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.00% 56.00% 56.00% 56.22% 56.22% 56.22% 56.22% 56.22% 56.22% 56.26% 56.26% 56.26%
0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00%
0.01% 0.01% 0.01% 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%
43.99% 43.99% 43.99% 43.76% 43.78% 43.78% 43.76% 43.77% 43.77% 43.72% 43.69% 43.72%
No. of Shareholders 5,2437,1267,7857,5837,4637,5547,7366,6436,3097,1767,4147,284

* 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.

Documents

Concalls