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Hi-Tech Gears Overview

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 encompa...Read More

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Hi-Tech Gears Key Financials

Market Cap ₹1155 Cr.

Stock P/E 28.6

P/B 2.3

Current Price ₹614

Book Value ₹ 265.6

Face Value 10

52W High ₹894.8

Dividend Yield 0.81%

52W Low ₹ 532.1

Hi-Tech Gears Share Price

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Volume
Price

Hi-Tech Gears Quarterly Price

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Hi-Tech Gears Peer Comparison

Hi-Tech Gears Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 284 273 287 261 246 205 215 216 241 224
Other Income 1 2 3 2 2 3 4 5 2 3
Total Income 285 275 290 263 248 208 219 220 243 227
Total Expenditure 248 232 246 220 211 179 182 189 213 202
Operating Profit 36 43 44 43 37 30 38 31 30 25
Interest 14 8 7 6 6 5 4 4 4 4
Depreciation 15 15 16 16 16 16 16 16 17 18
Exceptional Income / Expenses 77 -0 -0 0 0 0 0 0 0 0
Profit Before Tax 85 20 21 21 15 9 17 11 10 3
Provision for Tax 12 5 3 7 6 2 8 5 4 2
Profit After Tax 72 15 18 14 10 7 10 6 6 1
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 72 15 18 14 10 7 10 6 6 1
Adjusted Earnings Per Share 38.5 7.9 9.5 7.6 5.1 3.7 5.2 3.2 3.2 0.5

Hi-Tech Gears Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 471 749 914 722 746 971 1169 1107 927 896
Other Income 7 20 17 11 10 8 8 10 12 14
Total Income 478 768 931 733 756 979 1177 1117 939 909
Total Expenditure 415 654 800 638 656 889 1028 957 791 786
Operating Profit 63 114 130 95 100 90 149 160 148 124
Interest 4 24 29 33 23 26 33 38 21 16
Depreciation 26 39 42 43 43 52 82 61 63 67
Exceptional Income / Expenses 0 0 0 0 0 0 0 77 0 0
Profit Before Tax 33 52 59 19 34 11 34 138 63 41
Provision for Tax 12 17 23 11 5 12 11 24 22 19
Profit After Tax 20 34 36 8 29 -1 23 114 40 23
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 20 34 36 8 29 -1 23 114 40 23
Adjusted Earnings Per Share 10.7 18.2 19 4.4 15.3 -0.6 12.3 60.8 21.5 12.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -16% -2% 5% 0%
Operating Profit CAGR -8% 18% 9% 0%
PAT CAGR -65% 0% 38% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 9% 34% 27% 9%
ROE Average 9% 14% 10% 11%
ROCE Average 14% 15% 12% 12%

Hi-Tech Gears Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 201 241 272 276 321 331 354 466 484
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 243 284 309 300 331 321 240 53 22
Other Non-Current Liabilities 9 10 16 18 9 8 -1 96 114
Total Current Liabilities 238 228 287 217 261 342 403 311 202
Total Liabilities 692 764 884 812 922 1002 996 926 821
Fixed Assets 403 423 444 446 468 528 496 462 445
Other Non-Current Assets 18 21 59 64 101 64 35 30 14
Total Current Assets 271 319 380 302 353 410 466 433 362
Total Assets 692 764 884 812 922 1002 996 926 821

Hi-Tech Gears Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 103 63 25 47 40 51 61 33 14
Cash Flow from Operating Activities 54 15 47 184 37 56 54 117 149
Cash Flow from Investing Activities -119 -72 -85 -40 -51 -56 -41 143 -1
Cash Flow from Financing Activities 26 18 60 -151 25 11 -41 -280 -150
Net Cash Inflow / Outflow -40 -39 22 -7 12 10 -27 -19 -3
Closing Cash & Cash Equivalent 63 25 47 40 51 61 33 14 11

Hi-Tech Gears Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.73 18.25 18.96 4.41 15.34 -0.59 12.32 60.84 21.48
CEPS(Rs) 24.66 39.25 41.44 27.34 38.29 27.27 56.09 93.42 55.25
DPS(Rs) 2.5 3.5 3.5 1.5 2 1.5 2.5 5 5
Book NAV/Share(Rs) 107.35 128.32 144.79 147.18 170.9 176.23 188.61 247.95 256.93
Core EBITDA Margin(%) 10.93 12.46 12.37 11.57 12.04 8.42 12.08 13.55 14.66
EBIT Margin(%) 7.12 9.88 9.62 7.2 7.67 3.85 5.74 15.87 9.08
Pre Tax Margin(%) 6.33 6.78 6.39 2.62 4.56 1.12 2.9 12.46 6.77
PAT Margin (%) 3.91 4.51 3.89 1.14 3.86 -0.11 1.98 10.32 4.35
Cash Profit Margin (%) 8.99 9.7 8.5 7.09 9.63 5.27 9 15.85 11.2
ROA(%) 4.53 4.71 4.32 0.98 3.32 -0.11 2.31 11.89 4.62
ROE(%) 16.33 15.48 13.88 3.02 9.64 -0.34 6.75 27.88 8.51
ROCE(%) 11.01 13.32 13.35 7.78 8.33 4.82 8.32 23.87 13.73
Receivable days 47.07 62.3 64.37 65.72 58.66 60.6 59.7 67.44 69.59
Inventory Days 31.46 29.62 34.69 48.48 43.09 38.93 37.39 40.74 49.04
Payable days 65.6 65.83 70.17 103.32 102.55 96.87 80.37 73.16 75.67
PER(x) 29.69 22.08 15.53 16.11 11.3 0 20.51 12.63 28.17
Price/Book(x) 2.97 3.14 2.03 0.48 1.01 1.22 1.34 3.1 2.35
Dividend Yield(%) 0.78 0.87 1.19 2.11 1.15 0.7 0.99 0.65 0.83
EV/Net Sales(x) 1.8 1.44 1.02 0.58 0.91 0.81 0.73 1.43 1.28
EV/Core EBITDA(x) 13.47 9.44 7.17 4.37 6.73 8.79 5.71 9.91 8.01
Net Sales Growth(%) 74.78 58.84 22.06 -20.98 3.26 30.19 20.46 -5.33 -16.26
EBIT Growth(%) 62.89 104.67 17.3 -40.79 9.94 -34.8 79.64 161.82 -52.11
PAT Growth(%) 141.75 70.03 3.9 -76.74 247.84 -103.83 2197.46 394.3 -64.67
EPS Growth(%) 141.75 70.03 3.9 -76.74 247.84 -103.83 2197.34 394.04 -64.7
Debt/Equity(x) 1.58 1.52 1.62 1.28 1.33 1.42 1.29 0.42 0.17
Current Ratio(x) 1.13 1.4 1.33 1.39 1.35 1.2 1.16 1.39 1.79
Quick Ratio(x) 0.9 1.11 0.95 1 1 0.86 0.85 1 1.17
Interest Cover(x) 8.98 3.19 2.99 1.57 2.46 1.41 2.02 4.65 3.94
Total Debt/Mcap(x) 0.53 0.48 0.8 2.64 1.31 1.16 0.96 0.13 0.07

Hi-Tech Gears Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56.26 56.23 56.23 56.23 56.23 56.18 56.18 56.18 56.18 56.12
FII 0 0.06 0.01 0 0 0.01 0 0 0 0
DII 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Public 43.72 43.69 43.75 43.75 43.75 43.79 43.8 43.8 43.8 43.86
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Hi-Tech Gears News

Hi-Tech Gears Pros & Cons

Pros

  • Company has delivered good profit growth of 37% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 73.16 to 75.67days.
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