The Hi-Tech Gears Ltd
The Hi-Tech Gears Ltd is an auto components manufacturer primarily engaged in the business of manufacturing gears and transmission components.[1]
- Market Cap ₹ 1,654 Cr.
- Current Price ₹ 881
- High / Low ₹ 1,280 / 352
- Stock P/E 31.0
- Book Value ₹ 236
- Dividend Yield 0.57 %
- ROCE 13.9 %
- ROE 11.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.76 times its book value
- The company has delivered a poor sales growth of 3.80% over past five years.
- Company has a low return on equity of 12.1% over last 3 years.
- Dividend payout has been low at 11.9% of profits 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
373 | 361 | 432 | 450 | 448 | 527 | 647 | 509 | 522 | 645 | 782 | 780 | 779 | |
321 | 315 | 379 | 393 | 394 | 457 | 565 | 451 | 440 | 550 | 673 | 675 | 670 | |
Operating Profit | 52 | 46 | 53 | 57 | 55 | 71 | 82 | 58 | 82 | 95 | 109 | 105 | 109 |
OPM % | 14% | 13% | 12% | 13% | 12% | 13% | 13% | 11% | 16% | 15% | 14% | 13% | 14% |
2 | 5 | 3 | 2 | 6 | 13 | 16 | 6 | 10 | 7 | 9 | 9 | 9 | |
Interest | 8 | 6 | 4 | 2 | 3 | 9 | 18 | 22 | 18 | 18 | 17 | 18 | 17 |
Depreciation | 23 | 23 | 25 | 23 | 25 | 26 | 27 | 27 | 25 | 30 | 32 | 32 | 31 |
Profit before tax | 24 | 22 | 26 | 34 | 33 | 48 | 53 | 15 | 50 | 54 | 69 | 65 | 70 |
Tax % | 31% | 28% | 30% | 37% | 36% | 34% | 33% | 49% | 25% | 28% | 27% | 24% | |
16 | 16 | 18 | 21 | 21 | 32 | 35 | 8 | 37 | 39 | 50 | 49 | 53 | |
EPS in Rs | 8.64 | 8.49 | 9.81 | 11.27 | 11.13 | 17.00 | 18.90 | 4.12 | 19.87 | 20.52 | 26.82 | 26.24 | 28.42 |
Dividend Payout % | 29% | 29% | 25% | 27% | 22% | 21% | 19% | 36% | 10% | 7% | 9% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 4% |
3 Years: | 14% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 10% |
TTM: | 7% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 42% |
3 Years: | 50% |
1 Year: | 135% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 12% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 148 | 157 | 163 | 177 | 196 | 222 | 249 | 248 | 289 | 331 | 379 | 424 |
47 | 42 | 44 | 42 | 124 | 182 | 253 | 190 | 175 | 209 | 200 | 147 | |
94 | 80 | 68 | 78 | 83 | 98 | 111 | 121 | 158 | 152 | 131 | 112 | |
Total Liabilities | 307 | 298 | 294 | 316 | 421 | 521 | 633 | 578 | 641 | 710 | 728 | 702 |
190 | 179 | 173 | 174 | 171 | 169 | 175 | 198 | 205 | 222 | 211 | 213 | |
CWIP | 0 | 0 | 1 | 3 | 3 | 2 | 14 | 12 | 25 | 16 | 13 | 3 |
Investments | 0 | 0 | 0 | 0 | 102 | 154 | 158 | 163 | 164 | 167 | 167 | 166 |
117 | 119 | 120 | 139 | 146 | 196 | 285 | 205 | 247 | 305 | 338 | 319 | |
Total Assets | 307 | 298 | 294 | 316 | 421 | 521 | 633 | 578 | 641 | 710 | 728 | 702 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
70 | 18 | 39 | 50 | 37 | 45 | 37 | 144 | 58 | 53 | 53 | 85 | |
-12 | -8 | -32 | -25 | -120 | -88 | -63 | -51 | -15 | -43 | -35 | -14 | |
-50 | -17 | -7 | -12 | 75 | 43 | 48 | -108 | -23 | -18 | -31 | -78 | |
Net Cash Flow | 9 | -8 | -0 | 13 | -7 | 1 | 22 | -15 | 19 | -8 | -13 | -7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 29 | 53 | 54 | 54 | 59 | 69 | 61 | 42 | 58 | 71 | 71 | 66 |
Inventory Days | 38 | 45 | 41 | 47 | 54 | 59 | 78 | 79 | 77 | 87 | 69 | 74 |
Days Payable | 76 | 77 | 50 | 57 | 59 | 72 | 67 | 96 | 103 | 115 | 73 | 69 |
Cash Conversion Cycle | -9 | 20 | 45 | 44 | 55 | 56 | 73 | 25 | 32 | 44 | 66 | 72 |
Working Capital Days | 6 | 27 | 32 | 38 | 45 | 50 | 49 | -3 | 27 | 50 | 64 | 69 |
ROCE % | 14% | 13% | 14% | 16% | 12% | 15% | 13% | 7% | 14% | 14% | 15% | 14% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
28 Sep - Disclosure of voting results from 38th AGM.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 26 Sep
- Closure of Trading Window 24 Sep
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Announcement under Regulation 30 (LODR)-Retirement
17 Sep - Retirement of four Non-Executive Independent Directors.
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Announcement under Regulation 30 (LODR)-Change in Directorate
17 Sep - Retirement of four Non-Executive Independent Directors.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from nse
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Financial Year 2012
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Financial Year 2011
from bse
Product Portfolio
The product portfolio of the company comprises precision gears, shafts, transmission components, and engine components catering to two-wheelers (26%), Passenger Vehicles (43%), Commercial Vehicles, and Agri and Off-Road vehicles (31%). [1]