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

₹ 755 0.27%
21 Nov - 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 ₹ 1,417 Cr.
  • Current Price ₹ 755
  • High / Low ₹ 1,280 / 398
  • Stock P/E 25.6
  • Book Value ₹ 249
  • Dividend Yield 0.66 %
  • ROCE 13.9 %
  • ROE 11.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.04 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

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
178 148 185 194 216 184 188 180 203 194 203 179 173
148 129 156 166 186 157 164 157 178 165 176 152 148
Operating Profit 30 19 29 27 30 27 25 24 26 29 27 28 25
OPM % 17% 13% 15% 14% 14% 15% 13% 13% 13% 15% 13% 15% 15%
1 2 2 2 3 2 2 3 1 2 4 2 2
Interest 5 5 4 4 4 4 4 5 5 5 4 4 3
Depreciation 7 8 8 8 8 8 8 8 8 8 8 8 8
Profit before tax 19 8 19 17 21 17 14 14 14 18 20 19 16
Tax % 27% 28% 26% 36% 31% 31% 7% 24% 27% 28% 17% 23% 23%
14 6 14 11 15 12 13 10 10 13 16 14 12
EPS in Rs 7.55 3.02 7.29 5.79 7.85 6.38 6.81 5.49 5.37 6.76 8.64 7.65 6.49
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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
373 361 432 450 448 527 647 509 522 645 782 780 749
321 315 379 393 394 457 565 451 440 550 673 675 640
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% 15%
2 5 3 2 6 13 16 6 10 7 9 9 10
Interest 8 6 4 2 3 9 18 22 18 18 17 18 15
Depreciation 23 23 25 23 25 26 27 27 25 30 32 32 32
Profit before tax 24 22 26 34 33 48 53 15 50 54 69 65 72
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 55
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 29.54
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: 23%
Stock Price CAGR
10 Years: 13%
5 Years: 34%
3 Years: 50%
1 Year: 61%
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 Sep 2024
Equity Capital 19 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 148 157 163 177 196 222 249 248 289 331 379 424 448
47 42 44 42 124 182 253 190 175 209 200 147 92
94 80 68 78 83 98 111 121 158 152 131 112 141
Total Liabilities 307 298 294 316 421 521 633 578 641 710 728 702 700
190 179 173 174 171 169 175 198 205 222 211 213 232
CWIP 0 0 1 3 3 2 14 12 25 16 13 3 2
Investments 0 0 0 0 102 154 158 163 164 167 167 166 166
117 119 120 139 146 196 285 205 247 305 338 319 300
Total Assets 307 298 294 316 421 521 633 578 641 710 728 702 700

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%

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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