The Hi-Tech Gears Ltd

₹ 581 -0.08%

10 Jun - close price

hitechgears.com BSE: 522073 NSE: HITECHGEAR

About

Incorporated in 1986, Hi-Tech Gears Ltd is an auto component manufacturer and a Tier 1 supplier^[1]

Key Points

Business Overview:^[1]
THGL is an auto component manufacturer which supplies engine and transmission components to various OEMs in India and abroad

Website BSE NSE - BE

Market Cap ₹ 1,092 Cr.
Current Price ₹ 581
High / Low ₹ 897 / 521
Stock P/E 33.0
Book Value ₹ 264
Dividend Yield 0.86 %
ROCE 9.31 %
ROE 6.84 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company has been maintaining a healthy dividend payout of 20.6%

Cons

The company has delivered a poor sales growth of 5.00% over past five years.
Company has a low return on equity of 9.47% 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	188.49	180.20	203.27	193.55	202.97	179.37	173.05	145.57	159.63	159.12	174.09	160.34	173.22
	163.64	156.55	177.76	164.70	175.78	151.62	147.56	127.22	135.01	139.47	154.34	144.22	154.79
Operating Profit	24.85	23.65	25.51	28.85	27.19	27.75	25.49	18.35	24.62	19.65	19.75	16.12	18.43
OPM %	13.18%	13.12%	12.55%	14.91%	13.40%	15.47%	14.73%	12.61%	15.42%	12.35%	11.34%	10.05%	10.64%
	1.67	2.84	1.00	1.68	3.80	2.48	1.70	3.17	4.66	3.94	2.46	2.91	4.54
Interest	4.41	4.79	4.71	5.01	3.68	3.52	3.10	2.80	2.46	2.07	1.78	1.94	2.05
Depreciation	8.37	8.11	7.96	7.87	7.66	7.94	8.23	8.24	8.36	8.62	8.94	9.06	8.75
Profit before tax	13.74	13.59	13.84	17.65	19.65	18.77	15.86	10.48	18.46	12.90	11.49	8.03	12.17
Tax %	6.91%	24.21%	27.24%	28.16%	17.46%	23.49%	23.14%	28.72%	27.63%	27.21%	30.55%	27.90%	18.73%
	12.78	10.31	10.07	12.68	16.22	14.37	12.18	7.47	13.36	9.39	7.98	5.80	9.89
EPS in Rs	6.81	5.49	5.37	6.76	8.64	7.65	6.49	3.98	7.11	5.00	4.25	3.09	5.26
Raw PDF

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
	432	450	448	527	647	509	522	645	782	780	658	667
	379	393	394	457	565	451	440	550	673	675	561	593
Operating Profit	53	57	55	71	82	58	82	95	109	105	96	74
OPM %	12%	13%	12%	13%	13%	11%	16%	15%	14%	13%	15%	11%
	3	2	6	13	16	6	10	7	9	9	12	14
Interest	4	2	3	9	18	22	18	18	17	18	12	8
Depreciation	25	23	25	26	27	27	25	30	32	32	33	35
Profit before tax	26	34	33	48	53	15	50	54	69	65	64	45
Tax %	30%	37%	36%	34%	33%	49%	25%	28%	27%	24%	25%	26%
	18	21	21	32	35	8	37	39	50	49	47	33
EPS in Rs	9.81	11.27	11.13	17.00	18.90	4.12	19.87	20.52	26.82	26.24	25.21	17.57
Dividend Payout %	25%	27%	22%	21%	19%	36%	10%	7%	9%	19%	20%	23%

Compounded Sales Growth
10 Years:	4%
5 Years:	5%
3 Years:	-5%
TTM:	1%

Compounded Profit Growth
10 Years:	4%
5 Years:	-2%
3 Years:	-12%
TTM:	-29%

Stock Price CAGR
10 Years:	9%
5 Years:	20%
3 Years:	15%
1 Year:	-26%

Return on Equity
10 Years:	10%
5 Years:	10%
3 Years:	9%
Last Year:	7%

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	19	19	19	19	19	19	19	19	19	19	19	19
Reserves	163	177	196	222	249	248	289	331	379	424	452	477
	44	42	124	182	253	190	204	209	200	147	111	49
	68	78	83	98	111	121	129	152	131	112	89	146
Total Liabilities	294	316	421	521	633	578	641	710	728	702	670	691
	173	174	171	169	175	198	205	222	211	213	233	224
CWIP	1	3	3	2	14	12	25	16	13	3	1	4
Investments	0	0	102	154	158	163	164	167	167	166	155	155
	120	139	146	196	285	205	247	305	338	319	282	309
Total Assets	294	316	421	521	633	578	641	710	728	702	670	691

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	50	37	45	37	144	58	53	53	85	88	55
	-32	-25	-120	-88	-63	-51	-15	-43	-35	-14	-3	-31
	-7	-12	75	43	48	-108	-23	-18	-31	-78	-84	-31
Net Cash Flow	-0	13	-7	1	22	-15	19	-8	-13	-7	0	-6
Free Cash Flow	6	25	22	18	-27	106	35	16	37	61	65	26
CFO/OP	90%	112%	92%	89%	65%	260%	87%	72%	68%	97%	107%	94%

Ratios

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
Debtor Days	54	54	59	69	61	42	58	71	71	66	64	74
Inventory Days	41	47	54	59	78	79	77	87	69	74	100	105
Days Payable	50	57	59	72	67	96	103	115	73	69	66	78
Cash Conversion Cycle	45	44	55	56	73	25	32	44	66	72	98	102
Working Capital Days	7	5	4	10	9	-3	-11	-3	-2	28	52	64
ROCE %	14%	16%	12%	15%	13%	7%	14%	13%	15%	14%	13%	9%

Insights

In beta

Mar 2014

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Number of Manufacturing Plants
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xxx.xx	xxx.xx		x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
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Revenue from Exports (Standalone)
INR Million

Total Employees (Approximate)
Number

New Business Wins (Annualized)
INR Million

Revenue Contribution - International Markets
%

Revenue Contribution - Passenger Vehicles
%

Revenue Contribution - Two Wheelers
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	56.26%	56.26%	56.26%	56.23%	56.23%	56.23%	56.23%	56.19%	56.19%	56.19%	56.19%	56.12%
	0.00%	0.02%	0.00%	0.06%	0.01%	0.00%	0.00%	0.01%	0.00%	0.00%	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%
	43.72%	43.69%	43.73%	43.70%	43.75%	43.75%	43.75%	43.80%	43.79%	43.80%	43.80%	43.85%
No. of Shareholders	7,176	7,414	7,284	9,567	11,872	11,841	11,227	10,825	10,551	10,216	9,852	9,571

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	55.30%	55.30%	55.30%	55.53%	56.00%	56.22%	56.22%	56.23%	56.19%	56.12%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.01%	0.00%
	0.14%	0.24%	0.13%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.02%
	44.56%	44.46%	44.57%	44.47%	43.99%	43.78%	43.77%	43.70%	43.80%	43.85%
No. of Shareholders	5,305	5,275	5,245	5,203	5,243	7,463	6,309	9,567	10,825	9,571

* 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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