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Hitech Corporation Overview

Hitech Corporation Ltd, previously Hitech Plast Ltd, is engaged in production of packaging merchandise of plastics. The Company operates thru Plastic Containers section. The Company is likewise a manufacturer of paint pails/boxes. It is engaged within the manufacture and sale of polymer products to industries, such as paint, non-public care, agro chemical substances, healthcare, confectionary, lube and retail family products. Its products include paints, FMCG, adhesives and construction chemical substances, engineering additives and innovations...Read More

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Hitech Corporation Key Financials

Market Cap ₹254 Cr.

Stock P/E 28.4

P/B 0.9

Current Price ₹147.6

Book Value ₹ 160.5

Face Value 10

52W High ₹235

Dividend Yield 0.68%

52W Low ₹ 112.1

Hitech Corporation Share Price

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Volume
Price

Hitech Corporation Quarterly Price

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Hitech Corporation Peer Comparison

Hitech Corporation Quarterly Results

#(Fig in Cr.) Mar 2015 Jun 2015 Sep 2015 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 96 103 108 143 147 123 149 165 164 145
Other Income 0 0 0 1 0 1 1 0 0 0
Total Income 96 103 108 144 147 124 151 165 165 146
Total Expenditure 90 92 95 126 130 110 134 144 144 132
Operating Profit 6 11 13 17 17 14 17 21 20 13
Interest 3 3 3 4 4 4 4 5 5 5
Depreciation 5 4 4 9 9 9 10 10 10 10
Exceptional Income / Expenses 0 0 0 1 0 0 -2 0 0 -2
Profit Before Tax -1 4 7 5 4 1 2 7 6 -3
Provision for Tax -1 1 1 1 1 -0 1 2 1 -1
Profit After Tax -0 3 5 4 3 1 1 5 4 -3
Adjustments 0 0 -0 0 -0 -0 0 0 -0 0
Profit After Adjustments 0 3 5 4 3 1 1 5 4 -3
Adjusted Earnings Per Share 0.1 2.1 3.2 2.3 1.6 0.7 0.6 2.8 2.4 -1.5

Hitech Corporation Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2025 TTM
Net Sales 345 386 439 460 561 623
Other Income 1 1 2 1 4 1
Total Income 346 387 442 460 565 627
Total Expenditure 299 340 393 411 500 554
Operating Profit 48 47 48 49 65 71
Interest 12 18 18 17 16 19
Depreciation 13 15 17 18 36 40
Exceptional Income / Expenses 0 -0 0 0 -1 -4
Profit Before Tax 22 14 13 13 12 12
Provision for Tax 6 3 2 5 3 3
Profit After Tax 16 10 10 8 9 7
Adjustments -2 0 -1 -2 0 0
Profit After Adjustments 14 11 9 6 9 7
Adjusted Earnings Per Share 10.9 8.1 6.9 4.8 5.2 4.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 22% 13% 0% 0%
Operating Profit CAGR 33% 11% 0% 0%
PAT CAGR 13% -3% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -15% -7% -2% -1%
ROE Average 5% 8% 12% 12%
ROCE Average 10% 14% 16% 16%

Hitech Corporation Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2025
Shareholder's Funds 80 88 95 100 271
Minority's Interest 28 28 29 31 0
Borrowings 22 35 41 29 43
Other Non-Current Liabilities 6 6 6 6 72
Total Current Liabilities 106 108 93 102 132
Total Liabilities 242 265 264 267 518
Fixed Assets 113 127 147 135 288
Other Non-Current Assets 13 17 6 7 98
Total Current Assets 116 121 110 124 131
Total Assets 242 265 264 267 518

Hitech Corporation Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2025
Opening Cash & Cash Equivalents 6 6 9 6 1
Cash Flow from Operating Activities 21 33 58 30 48
Cash Flow from Investing Activities -37 -33 -26 -6 -62
Cash Flow from Financing Activities 16 3 -34 -27 14
Net Cash Inflow / Outflow -0 3 -2 -3 0
Closing Cash & Cash Equivalent 6 9 6 3 2

Hitech Corporation Ratios

# Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2025
Earnings Per Share (Rs) 10.94 8.07 6.86 4.82 5.2
CEPS(Rs) 21.82 19.57 21 20.13 26.43
DPS(Rs) 1.6 1.6 1.6 0.9 1
Book NAV/Share(Rs) 60.47 66.82 71.81 75.57 157.6
Core EBITDA Margin(%) 12.36 10.92 9.55 9.61 10.96
EBIT Margin(%) 9.3 7.5 6.4 6.11 4.98
Pre Tax Margin(%) 5.99 3.32 2.61 2.66 2.11
PAT Margin (%) 4.3 2.48 2.15 1.6 1.59
Cash Profit Margin (%) 7.67 6.16 5.72 5.24 8.09
ROA(%) 7.19 4.11 3.92 3.05 2.28
ROE(%) 21.9 12.41 11.37 8.33 4.83
ROCE(%) 22.27 16.43 15.27 15.63 9.69
Receivable days 50.57 52.36 46.7 48.47 41.46
Inventory Days 33.92 35.12 24.6 21.91 27.63
Payable days 27.92 25.35 20.77 23.18 24.57
PER(x) 7.59 6.81 6.42 10.37 34.79
Price/Book(x) 1.37 0.82 0.61 0.66 1.15
Dividend Yield(%) 1.93 2.91 3.63 1.8 0.55
EV/Net Sales(x) 0.58 0.47 0.36 0.35 0.75
EV/Core EBITDA(x) 4.21 3.87 3.24 3.24 6.41
Net Sales Growth(%) 31.67 11.81 13.97 4.58 22.15
EBIT Growth(%) 8.57 -9.99 -1.38 -0.04 -9.62
PAT Growth(%) 2.5 -35.46 -0.25 -22.07 10.47
EPS Growth(%) -3.5 -26.21 -15.05 -29.72 7.94
Debt/Equity(x) 1.21 1.34 1.11 0.98 0.41
Current Ratio(x) 1.1 1.12 1.19 1.23 0.99
Quick Ratio(x) 0.7 0.77 0.9 0.89 0.6
Interest Cover(x) 2.81 1.79 1.69 1.77 1.73
Total Debt/Mcap(x) 0.88 1.63 1.8 1.48 0.35

Hitech Corporation Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.43 74.43 74.43 74.43 74.43 74.43 74.43 74.43 74.43 74.43
FII 0 0.1 0.12 0.15 0.14 0.12 0.12 0.15 0 0
DII 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Public 25.55 25.44 25.43 25.4 25.4 25.43 25.43 25.4 25.55 25.55
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Hitech Corporation News

Hitech Corporation Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Debtor days have increased from 23.18 to 24.57days.
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