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

₹ 862 -1.58%
13 Dec - 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 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]

Website BSE NSE - BE
  • Market Cap ₹ 1,619 Cr.
  • Current Price ₹ 862
  • High / Low ₹ 1,280 / 398
  • Stock P/E 28.6
  • Book Value ₹ 261
  • Dividend Yield 0.58 %
  • ROCE 12.5 %
  • ROE 12.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.31 times its book value
  • The company has delivered a poor sales growth of 3.91% over past five years.
  • Company has a low return on equity of 6.65% 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

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
251.90 222.63 288.64 291.74 313.77 277.16 286.55 263.50 283.64 272.91 286.87 260.63 246.39
231.85 216.71 254.05 260.15 275.00 239.37 253.37 230.29 248.50 232.16 246.04 219.69 211.21
Operating Profit 20.05 5.92 34.59 31.59 38.77 37.79 33.18 33.21 35.14 40.75 40.83 40.94 35.18
OPM % 7.96% 2.66% 11.98% 10.83% 12.36% 13.63% 11.58% 12.60% 12.39% 14.93% 14.23% 15.71% 14.28%
0.73 2.82 2.21 2.12 2.69 2.18 0.94 3.09 78.45 2.07 3.33 2.41 1.91
Interest 6.09 6.53 8.08 7.76 8.14 8.54 8.73 9.00 13.87 8.21 6.69 6.45 5.65
Depreciation 12.06 13.88 14.68 19.80 23.54 23.68 15.13 15.01 15.02 14.87 16.28 15.59 16.00
Profit before tax 2.63 -11.67 14.04 6.15 9.78 7.75 10.26 12.29 84.70 19.74 21.19 21.31 15.44
Tax % 203.80% 12.00% 19.94% 93.98% 63.91% 66.84% -62.18% 24.33% 14.75% 24.52% 15.90% 33.18% 38.21%
-2.74 -13.06 11.24 0.37 3.53 2.57 16.64 9.30 72.22 14.91 17.83 14.24 9.54
EPS in Rs -1.46 -6.96 5.99 0.20 1.88 1.37 8.87 4.96 38.48 7.94 9.50 7.58 5.08
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 Mar 2024 TTM
195 471 749 914 722 746 971 1,169 1,107 1,067
178 415 654 800 638 656 889 1,028 957 909
Operating Profit 17 56 95 113 84 90 82 141 150 158
OPM % 9% 12% 13% 12% 12% 12% 8% 12% 14% 15%
7 7 20 17 11 10 8 8 87 10
Interest 5 4 24 29 33 23 26 33 38 27
Depreciation 9 26 39 42 43 43 52 82 61 63
Profit before tax 9 33 52 59 19 34 11 34 138 78
Tax % 40% 38% 34% 39% 56% 15% 110% 32% 17%
6 20 34 36 8 29 -1 23 114 57
EPS in Rs 10.73 18.24 18.96 4.41 15.34 -0.59 12.31 60.84 30.10
Dividend Payout % 42% 23% 19% 18% 34% 13% -256% 20% 8%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 14%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 20%
TTM: 62%
Stock Price CAGR
10 Years: 14%
5 Years: 40%
3 Years: 51%
1 Year: 83%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 7%
Last Year: 12%

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 Mar 2024 Sep 2024
Equity Capital 9 19 19 19 19 19 19 19 19 19
Reserves 30 183 222 253 257 302 312 336 447 471
90 319 366 440 352 427 471 457 298 261
52 160 128 155 161 174 201 171 144 129
Total Liabilities 181 680 734 867 789 922 1,002 983 908 879
105 403 423 444 446 468 528 496 462 469
CWIP 7 11 13 19 34 71 38 13 4 2
Investments 0 0 0 4 8 10 12 12 12 12
70 267 298 400 301 373 424 462 430 396
Total Assets 181 680 734 867 789 922 1,002 983 908 879

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 Mar 2024
15 54 15 47 184 37 56 54 117
-48 -119 -72 -85 -40 -51 -56 -41 143
33 26 18 60 -151 25 11 -41 -280
Net Cash Flow 1 -40 -39 22 -7 12 10 -27 -19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 34 82 75 68 46 73 65 65 66
Inventory Days 124 85 66 87 92 91 88 75 79
Days Payable 158 86 75 79 102 112 109 73 69
Cash Conversion Cycle 0 81 66 76 37 52 45 67 76
Working Capital Days 39 28 53 51 8 54 49 62 74
ROCE % 13% 12% 8% 8% 5% 8% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.22% 56.22% 56.22% 56.22% 56.22% 56.22% 56.26% 56.26% 56.26% 56.23% 56.23% 56.23%
0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.06% 0.01% 0.00%
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% 0.02% 0.02% 0.02%
43.76% 43.78% 43.78% 43.76% 43.77% 43.77% 43.72% 43.69% 43.73% 43.70% 43.75% 43.75%
No. of Shareholders 7,5837,4637,5547,7366,6436,3097,1767,4147,2849,56711,87211,841

* 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

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