The Hi-Tech Gears Ltd

The Hi-Tech Gear Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

The Hi-Tech Gears Ltd

₹ 363 -0.27%
28 Sep - close price
hitechgears.com BSE: 522073 NSE : HITECHGEAR
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]

Website BSE NSE
  • Market Cap ₹ 682 Cr.
  • Current Price ₹ 363
  • High / Low ₹ 428 / 191
  • Stock P/E 21.3
  • Book Value ₹ 189
  • Dividend Yield 0.69 %
  • ROCE 8.13 %
  • ROE 6.55 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has a low return on equity of 5.21% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
73.70 198.43 223.80 249.61 207.47 251.90 222.63 288.64 291.74 313.77 277.16 286.55 263.50
74.41 171.58 199.48 208.19 186.26 231.85 216.71 254.05 260.15 275.00 239.37 253.37 230.29
Operating Profit -0.71 26.85 24.32 41.42 21.21 20.05 5.92 34.59 31.59 38.77 37.79 33.18 33.21
OPM % -0.96% 13.53% 10.87% 16.59% 10.22% 7.96% 2.66% 11.98% 10.83% 12.36% 13.63% 11.58% 12.60%
1.88 5.22 3.17 0.23 2.12 0.73 2.82 2.21 2.12 2.69 2.18 0.94 3.09
Interest 8.63 7.36 6.97 2.32 5.75 6.09 6.53 8.08 7.76 8.14 8.54 8.73 9.00
Depreciation 9.18 11.05 11.50 11.35 11.67 12.06 13.88 14.68 19.80 23.54 23.68 15.13 15.01
Profit before tax -16.64 13.66 9.02 27.98 5.91 2.63 -11.67 14.04 6.15 9.78 7.75 10.26 12.29
Tax % 13.82% 24.74% 54.21% -2.64% 41.62% 203.80% -12.00% 19.94% 93.98% 63.91% 66.84% -62.18% 24.33%
-14.35 10.28 4.13 28.73 3.45 -2.74 -13.06 11.24 0.37 3.53 2.57 16.64 9.30
EPS in Rs -7.65 5.48 2.20 15.31 1.84 -1.46 -6.96 5.99 0.20 1.88 1.37 8.87 4.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
195 471 749 914 722 746 971 1,169 1,141
178 415 654 800 638 656 889 1,028 998
Operating Profit 17 56 95 113 84 90 82 141 143
OPM % 9% 12% 13% 12% 12% 12% 8% 12% 13%
7 7 20 17 11 10 8 8 9
Interest 5 4 24 29 33 23 26 33 34
Depreciation 9 26 39 42 43 43 52 82 77
Profit before tax 9 33 52 59 19 34 11 34 40
Tax % 40% 38% 34% 39% 56% 15% 110% 32%
6 20 34 36 8 29 -1 23 32
EPS in Rs 10.73 18.24 18.96 4.41 15.34 -0.59 12.31 17.08
Dividend Payout % 42% 23% 19% 18% 34% 13% -256% 20%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 17%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: -8%
3 Years: 40%
TTM: 865%
Stock Price CAGR
10 Years: 20%
5 Years: -3%
3 Years: 38%
1 Year: 81%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 5%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
9 19 19 19 19 19 19 19
Reserves 30 183 222 253 257 302 312 336
90 319 366 440 352 427 471 457
52 160 128 155 161 174 201 171
Total Liabilities 181 680 734 867 789 922 1,002 983
105 403 423 444 446 468 528 496
CWIP 7 11 13 19 34 71 38 13
Investments 0 0 0 4 8 10 12 12
70 267 298 400 301 373 424 462
Total Assets 181 680 734 867 789 922 1,002 983

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
15 54 15 47 184 37 56 54
-48 -119 -72 -85 -40 -51 -56 -41
33 26 18 60 -151 25 11 -41
Net Cash Flow 1 -40 -39 22 -7 12 10 -27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 34 82 75 68 46 73 65 65
Inventory Days 124 85 66 87 92 91 88 75
Days Payable 158 86 75 79 102 112 109 73
Cash Conversion Cycle 0 81 66 76 37 52 45 67
Working Capital Days 39 28 53 51 8 54 49 62
ROCE % 13% 12% 8% 8% 5% 8%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
55.62% 55.70% 56.00% 56.00% 56.00% 56.22% 56.22% 56.22% 56.22% 56.22% 56.22% 56.26%
0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.01% 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%
44.37% 44.29% 43.99% 43.99% 43.99% 43.76% 43.78% 43.78% 43.76% 43.77% 43.77% 43.72%
No. of Shareholders 5,4515,3735,2437,1267,7857,5837,4637,5547,7366,6436,3097,176

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Aug 2023
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  • Jun 2023
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