Hitech Corporation Ltd

Hitech Corp. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hitech Corporation Ltd

₹ 230 -2.68%
21 Nov - close price
hitechgroup.com BSE: 526217 NSE: HITECHCORP
About

Incorporated in 1991, Hitech Corporation Ltd manufactures rigid plastic packaging products[1]

Key Points

Business Overview:[1]
HCL is a part of Hitech Group of companies. It offers a wide range of rigid plastic packaging for industries such as paints and coatings, agrochemicals, personal care, home care, pharmaceuticals, food & beverage, oils and lubricants

Website BSE NSE
  • Market Cap ₹ 396 Cr.
  • Current Price ₹ 230
  • High / Low ₹ 351 / 180
  • Stock P/E 61.9
  • Book Value ₹ 156
  • Dividend Yield 0.43 %
  • ROCE 13.5 %
  • ROE 6.60 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 20.6%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.40% over last 3 years.
  • Company's cost of borrowing seems high

* 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: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Jun 2024 Sep 2024
109.59 111.65 117.38 118.02 112.55 116.32 136.92 115.74 95.84 102.87 107.96 142.62 146.51
100.80 100.23 104.94 104.49 101.29 104.90 124.80 104.91 89.95 91.83 94.73 126.47 129.74
Operating Profit 8.79 11.42 12.44 13.53 11.26 11.42 12.12 10.83 5.89 11.04 13.23 16.15 16.77
OPM % 8.02% 10.23% 10.60% 11.46% 10.00% 9.82% 8.85% 9.36% 6.15% 10.73% 12.25% 11.32% 11.45%
0.80 0.11 0.13 0.13 0.10 0.09 0.13 0.21 0.43 0.35 0.17 1.67 0.36
Interest 4.06 4.13 4.58 4.58 3.93 4.14 4.55 4.36 2.74 3.09 2.96 3.95 4.10
Depreciation 4.24 4.58 4.67 4.67 4.51 3.83 3.84 3.76 4.81 4.01 3.88 8.68 9.09
Profit before tax 1.29 2.82 3.32 4.41 2.92 3.54 3.86 2.92 -1.23 4.29 6.56 5.19 3.94
Tax % 19.38% 56.38% 35.24% 39.23% 30.48% 33.05% 35.49% 24.32% -86.99% 29.37% 20.27% 25.05% 29.70%
1.05 1.23 2.15 2.67 2.03 2.38 2.49 2.20 -0.17 3.03 5.24 3.89 2.78
EPS in Rs 0.75 0.75 1.12 1.62 1.33 1.53 1.63 1.54 0.11 2.11 3.24 2.26 1.62
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014
83 155 179 216 262 345 386 439 460
68 133 151 184 223 298 340 393 411
Operating Profit 15 22 28 32 39 46 45 46 49
OPM % 18% 14% 16% 15% 15% 13% 12% 11% 11%
0 2 1 2 2 1 2 2 0
Interest 3 6 8 10 9 12 18 18 17
Depreciation 5 9 9 9 9 13 15 17 18
Profit before tax 7 10 13 15 24 22 14 13 13
Tax % 31% 21% 17% 27% 33% 28% 25% 18% 40%
5 8 11 11 16 16 10 10 8
EPS in Rs 5.58 7.23 7.73 11.34 10.94 8.08 6.86 4.82
Dividend Payout % 21% 14% 14% 14% 13% 15% 20% 23% 19%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 10%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: -9%
3 Years: -23%
TTM: -29%
Stock Price CAGR
10 Years: 7%
5 Years: 21%
3 Years: 0%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 9%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Sep 2024
Equity Capital 12 13 13 13 13 13 13 13 13 17
Reserves 5 17 24 41 54 66 75 81 86 251
29 49 54 50 70 96 118 105 97 88
18 17 27 36 52 66 59 65 70 47
Total Liabilities 63 96 119 139 189 242 265 264 267 404
28 42 55 65 79 113 127 147 135 265
CWIP 1 5 1 6 19 7 6 1 1 13
Investments 0 0 0 0 0 0 0 0 0 1
35 49 63 68 91 122 132 116 130 125
Total Assets 63 96 119 139 189 242 265 264 267 404

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014
14 8 17 29 21 21 33 58 30
-10 -28 -22 -17 -34 -37 -33 -26 -6
-4 20 5 -11 16 16 3 -34 -27
Net Cash Flow -0 0 0 2 2 -0 3 -2 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014
Debtor Days 62 60 66 55 64 61 59 51 58
Inventory Days 85 56 64 53 68 77 61 34 40
Days Payable 28 0 24 24 33 32 23 21 24
Cash Conversion Cycle 119 116 106 84 99 107 97 64 74
Working Capital Days 88 85 93 80 85 68 69 49 54
ROCE % 23% 22% 23% 23% 19% 14% 13% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.43% 74.43% 74.43% 74.44% 74.44% 74.44% 74.44% 74.44% 74.44% 74.44% 74.44% 74.44%
0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.10% 0.12% 0.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
25.55% 25.53% 25.55% 25.55% 25.55% 25.54% 25.51% 25.56% 25.54% 25.44% 25.44% 25.37%
No. of Shareholders 8,1467,6377,8487,8097,8857,7347,8277,4418,1758,1848,4368,575

* 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.

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