Hi-Tech Gears

₹980.7 3.4 | 0.4%

WEBSITE BSE:522073 NSE : HITECHGEAR 10 May, 16:01

Market Cap ₹1841 Cr.

Stock P/E 16.3

P/B 4.1

Current Price ₹980.7

Book Value ₹ 239.5

Face Value 10

52W High ₹1275.8

Dividend Yield 0.25%

52W Low ₹ 252.4

Edit Ratio

Hi-Tech Gears Research see more...

Overview Inc. Year: 1986Industry: Auto Ancillary

The Hi-Tech Gears Ltd is an totally India-based business enterprise engaged in the production of vehicle additives. The Company is mostly engaged within the enterprise of gears and transmission additives. The Company gives various parts and accessories for vehicles, inclusive of bikes/scooters, in addition to toothed wheels, chain spocket and other transmission elements. Hi-Tech (E-Soft) is a department of the Company, that is engaged within the commercial enterprise of engineering software program solutions. The Company's product tiers encompass vehicle components for power takeoff, 2 wheeler, vehicle transmission and pressure line additives, commercial vehicle and precision forging. Its geographic segments are India, America, and Others. It offerings diverse clients throughout the globe for engine and transmission additives. Its forging clients consist of various countrywide and global customers. Its operations also consist of tools honing, equipment grinding, shaving, wet and dry hobbing, deep hole drilling and automatic straightening.

Hi-Tech Gears Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Hi-Tech Gears Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	252	223	289	292	314	277	287	263	284	273
Other Income	1	3	2	2	3	2	1	3	1	2
Total Income	253	225	291	294	316	279	287	267	285	275
Total Expenditure	232	217	254	260	275	239	253	230	248	232
Operating Profit	21	9	37	34	41	40	34	36	36	43
Interest	6	7	8	8	8	9	9	9	14	8
Depreciation	12	14	15	20	24	24	15	15	15	15
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	77	-0
Profit Before Tax	3	-12	14	6	10	8	10	12	85	20
Provision for Tax	5	1	3	6	6	5	-6	3	12	5
Profit After Tax	-3	-13	11	0	4	3	17	9	72	15
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-3	-13	11	0	4	3	17	9	72	15
Adjusted Earnings Per Share	-1.5	-7	6	0.2	1.9	1.4	8.9	5	38.5	7.9

Hi-Tech Gears Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	471	749	914	722	746	971	1169	1107
Other Income	7	20	17	11	10	8	8	7
Total Income	478	768	931	733	756	979	1177	1114
Total Expenditure	415	654	800	638	656	889	1028	963
Operating Profit	63	114	130	95	100	90	149	149
Interest	4	24	29	33	23	26	33	40
Depreciation	26	39	42	43	43	52	82	60
Exceptional Income / Expenses	0	0	0	0	0	0	0	77
Profit Before Tax	33	52	59	19	34	11	34	127
Provision for Tax	12	17	23	11	5	12	11	14
Profit After Tax	20	34	36	8	29	-1	23	113
Adjustments	0	0	0	0	0	0	0	0
Profit After Adjustments	20	34	36	8	29	-1	23	113
Adjusted Earnings Per Share	10.7	18.2	19	4.4	15.3	-0.6	12.3	60.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	17%	9%	0%
Operating Profit CAGR	66%	16%	6%	0%
PAT CAGR	0%	42%	-8%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	283%	73%	30%	27%
ROE Average	7%	5%	7%	9%
ROCE Average	8%	7%	9%	10%

Hi-Tech Gears Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	201	241	272	276	321	331	354
Minority's Interest	0	0	0	0	0	0	0
Borrowings	243	284	309	300	331	321	240
Other Non-Current Liabilities	9	10	16	18	9	8	-1
Total Current Liabilities	238	228	287	217	261	342	384
Total Liabilities	692	764	884	812	922	1002	977
Fixed Assets	403	423	444	446	468	528	496
Other Non-Current Assets	18	21	59	64	101	64	35
Total Current Assets	271	319	380	302	353	410	446
Total Assets	692	764	884	812	922	1002	977

Hi-Tech Gears Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	103	63	25	47	40	51	61
Cash Flow from Operating Activities	54	15	47	184	37	56	54
Cash Flow from Investing Activities	-119	-72	-85	-40	-51	-56	-41
Cash Flow from Financing Activities	26	18	60	-151	25	11	-41
Net Cash Inflow / Outflow	-40	-39	22	-7	12	10	-27
Closing Cash & Cash Equivalent	63	25	47	40	51	61	33

Hi-Tech Gears Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	10.73	18.25	18.96	4.41	15.34	-0.59	12.32
CEPS(Rs)	24.66	39.25	41.44	27.34	38.29	27.27	56.09
DPS(Rs)	2.5	3.5	3.5	1.5	2	1.5	2.5
Book NAV/Share(Rs)	107.35	128.32	144.79	147.18	170.9	176.23	188.61
Core EBITDA Margin(%)	10.93	12.46	12.37	11.57	12.04	8.42	12.08
EBIT Margin(%)	7.12	9.88	9.62	7.2	7.67	3.85	5.74
Pre Tax Margin(%)	6.33	6.78	6.39	2.62	4.56	1.12	2.9
PAT Margin (%)	3.91	4.51	3.89	1.14	3.86	-0.11	1.98
Cash Profit Margin (%)	8.99	9.7	8.5	7.09	9.63	5.27	9
ROA(%)	4.53	4.71	4.32	0.98	3.32	-0.11	2.34
ROE(%)	16.33	15.48	13.88	3.02	9.64	-0.34	6.75
ROCE(%)	11.01	13.32	13.35	7.78	8.33	4.82	8.32
Receivable days	47.07	62.3	64.37	65.72	58.66	60.6	59.7
Inventory Days	31.46	29.62	34.69	48.48	43.09	38.93	37.39
Payable days	65.6	65.83	70.17	103.32	102.55	96.87	80.37
PER(x)	29.69	22.08	15.53	16.11	11.3	0	20.51
Price/Book(x)	2.97	3.14	2.03	0.48	1.01	1.22	1.34
Dividend Yield(%)	0.78	0.87	1.19	2.11	1.15	0.7	0.99
EV/Net Sales(x)	1.8	1.44	1.02	0.58	0.91	0.81	0.73
EV/Core EBITDA(x)	13.47	9.44	7.17	4.37	6.73	8.79	5.71
Net Sales Growth(%)	74.78	58.84	22.06	-20.98	3.26	30.19	20.46
EBIT Growth(%)	62.89	104.67	17.3	-40.79	9.94	-34.8	79.64
PAT Growth(%)	141.75	70.03	3.9	-76.74	247.84	-103.83	2197.46
EPS Growth(%)	141.75	70.03	3.9	-76.74	247.84	-103.83	2197.34
Debt/Equity(x)	1.58	1.52	1.62	1.28	1.33	1.42	1.29
Current Ratio(x)	1.13	1.4	1.33	1.39	1.35	1.2	1.16
Quick Ratio(x)	0.9	1.11	0.95	1	1	0.86	0.84
Interest Cover(x)	8.98	3.19	2.99	1.57	2.46	1.41	2.02
Total Debt/Mcap(x)	0.53	0.48	0.8	2.64	1.31	1.16	0.96

Hi-Tech Gears Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	56.22	56.22	56.22	56.22	56.22	56.22	56.26	56.26	56.26	56.23
FII	0.02	0	0	0	0	0	0	0.02	0	0.06
DII	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	43.76	43.78	43.78	43.76	43.76	43.76	43.72	43.7	43.72	43.69
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.06	1.06	1.06	1.06	1.06	1.06	1.06	1.06	1.06	1.06
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82
Others	0	0	0	0	0	0	0	0	0	0
Total	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88

Pros

Debtor days have improved from 96.87 to 80.37days.
Company has reduced debt.

Cons

Company has a low return on equity of 5% over the last 3 years.
Stock is trading at 4.1 times its book value.
The company has delivered a poor profit growth of -7% over past five 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.