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

₹ 919 -0.99%
24 Jul - 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 ₹ 1,726 Cr.
  • Current Price ₹ 919
  • High / Low ₹ 1,280 / 350
  • Stock P/E 46.3
  • Book Value ₹ 248
  • Dividend Yield 0.27 %
  • ROCE 12.5 %
  • ROE 9.08 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.70 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 5.45% over last 3 years.
  • Earnings include an other income of Rs.86.9 Cr.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
250 207 252 223 289 292 314 277 287 264 284 273 287
208 186 232 217 254 260 275 239 253 230 248 232 246
Operating Profit 41 21 20 6 35 32 39 38 33 33 35 41 41
OPM % 17% 10% 8% 3% 12% 11% 12% 14% 12% 13% 12% 15% 14%
0 2 1 3 2 2 3 2 1 3 78 2 3
Interest 2 6 6 7 8 8 8 9 9 9 14 8 7
Depreciation 11 12 12 14 15 20 24 24 15 15 15 15 16
Profit before tax 28 6 3 -12 14 6 10 8 10 12 85 20 21
Tax % -3% 42% 204% 12% 20% 94% 64% 67% -62% 24% 15% 25% 16%
29 3 -3 -13 11 0 4 3 17 9 72 15 18
EPS in Rs 15.31 1.84 -1.46 -6.96 5.99 0.20 1.88 1.37 8.87 4.96 38.48 7.94 9.50
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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
195 471 749 914 722 746 971 1,169 1,107
178 415 654 800 638 656 889 1,028 957
Operating Profit 17 56 95 113 84 90 82 141 150
OPM % 9% 12% 13% 12% 12% 12% 8% 12% 14%
7 7 20 17 11 10 8 8 87
Interest 5 4 24 29 33 23 26 33 38
Depreciation 9 26 39 42 43 43 52 82 61
Profit before tax 9 33 52 59 19 34 11 34 138
Tax % 40% 38% 34% 39% 56% 15% 110% 32% 17%
6 20 34 36 8 29 -1 23 114
EPS in Rs 10.73 18.24 18.96 4.41 15.34 -0.59 12.31 60.84
Dividend Payout % 42% 23% 19% 18% 34% 13% -256% 20% 8%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 14%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: 9%
TTM: 66%
Stock Price CAGR
10 Years: 17%
5 Years: 37%
3 Years: 41%
1 Year: 128%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 5%
Last Year: 9%

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

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% 13%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
56.00% 56.22% 56.22% 56.22% 56.22% 56.22% 56.22% 56.26% 56.26% 56.26% 56.23% 56.23%
0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.06% 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% 0.02% 0.02% 0.02% 0.02%
43.99% 43.76% 43.78% 43.78% 43.76% 43.77% 43.77% 43.72% 43.69% 43.73% 43.70% 43.75%
No. of Shareholders 7,7857,5837,4637,5547,7366,6436,3097,1767,4147,2849,56711,872

* 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.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Jun 2024
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  • Mar 2024
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  • Feb 2024
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  • Jan 2024
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  • Nov 2023
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  • Aug 2023
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  • Jun 2023
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