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Hitech Corporation

₹204.3 -2.3 | 1.1%

Market Cap ₹351 Cr.

Stock P/E 19.4

P/B 1.4

Current Price ₹204.3

Book Value ₹ 149.6

Face Value 10

52W High ₹308.9

Dividend Yield 0.49%

52W Low ₹ 171

Edit Ratio

Hitech Corporation Research see more...

Overview Inc. Year: 1991Industry: Plastic Products

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, and toys and video games. The Company's offerings include innovative services, decorating services and technical offerings. It provides guide for various alternative decorating options, including pad printing, heat transfer labels, shrink sleeves, display printing, and hot stamping and labelling. Its technical services include injection stretch blow molding, extrusion blow molding, injection blow molding, and injection molding.

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Hitech Corporation Share Price

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Peer Comparison

Hitech Corporation Quarterly Results

#(Fig in Cr.) Mar 2021 Jun 2021 Sep 2021 Dec 2021 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 138 131 167 141 148 161 121 150 143 129
Other Income 0 0 0 0 0 0 0 0 0 1
Total Income 138 131 167 141 149 161 121 151 144 130
Total Expenditure 117 111 142 122 129 136 107 130 126 115
Operating Profit 21 20 25 19 19 25 14 21 18 15
Interest 5 4 4 4 4 4 3 4 4 3
Depreciation 7 7 8 7 7 7 7 7 7 8
Exceptional Income / Expenses 6 2 0 8 0 0 0 0 0 0
Profit Before Tax 15 10 13 16 8 14 4 10 7 4
Provision for Tax 2 3 3 4 2 4 1 3 2 1
Profit After Tax 12 7 10 12 6 10 3 8 5 3
Adjustments 0 0 0 0 0 -0 -0 0 0 0
Profit After Adjustments 12 7 10 12 6 10 3 8 5 3
Adjusted Earnings Per Share 7.2 4.4 5.7 6.9 3.7 6.1 1.6 4.5 3 1.5

Hitech Corporation Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 256 271 465 393 367 388 462 460 447 588 559 543
Other Income 0 0 1 1 1 6 1 1 1 1 5 1
Total Income 256 271 466 393 368 395 463 462 449 589 564 546
Total Expenditure 227 242 425 347 332 351 411 401 383 503 488 478
Operating Profit 30 29 41 46 36 43 52 60 66 87 76 68
Interest 13 14 16 11 9 14 20 24 19 16 14 14
Depreciation 8 10 16 16 13 18 21 30 30 30 29 29
Exceptional Income / Expenses 0 0 0 0 0 0 15 -3 6 10 4 0
Profit Before Tax 9 6 9 20 14 12 26 4 22 50 37 25
Provision for Tax 1 2 2 6 4 4 9 1 5 13 9 7
Profit After Tax 7 4 7 14 9 8 16 2 17 37 28 19
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 7 4 7 14 9 8 16 2 17 37 28 19
Adjusted Earnings Per Share 5.3 2.8 4.5 7.8 5.4 4.5 9.6 1.4 9.9 21.8 16.5 10.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -5% 7% 8% 8%
Operating Profit CAGR -13% 8% 12% 10%
PAT CAGR -24% 141% 28% 15%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 15% 7% 15% 14%
ROE Average 12% 14% 11% 9%
ROCE Average 17% 17% 14% 13%

Hitech Corporation Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 82 84 146 166 144 150 164 165 182 217 243
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 35 27 9 5 49 82 110 94 63 38 15
Other Non-Current Liabilities 4 3 5 3 3 4 8 12 10 65 74
Total Current Liabilities 49 61 89 59 108 119 121 114 113 110 93
Total Liabilities 170 177 249 234 303 355 404 386 369 429 425
Fixed Assets 83 78 121 97 139 156 234 275 243 238 221
Other Non-Current Assets 38 40 19 19 30 75 60 22 33 80 97
Total Current Assets 49 58 109 118 134 124 110 89 93 111 106
Total Assets 170 177 249 234 303 355 404 386 369 429 425

Hitech Corporation Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 7 2 1 3 -5 -4 -1 -6 -5 -1 0
Cash Flow from Operating Activities 37 17 39 41 37 43 86 56 65 73 69
Cash Flow from Investing Activities -24 -6 -6 -7 -63 -80 -84 -25 -9 -6 -16
Cash Flow from Financing Activities -17 -13 -33 -35 27 41 -6 -31 -52 -65 -54
Net Cash Inflow / Outflow -5 -1 -0 -1 1 3 -5 1 4 2 -1
Closing Cash & Cash Equivalent 2 1 3 2 -4 -1 -6 -5 -1 0 -1

Hitech Corporation Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 5.33 2.84 4.47 7.84 5.45 4.52 9.55 1.37 9.87 21.77 16.49
CEPS(Rs) 11.48 10.35 15.17 17.3 13.01 14.72 22.03 18.82 27.06 39.25 33.15
DPS(Rs) 1.6 0.9 0.9 0.9 0.9 0.9 0.9 0 1 1 1
Book NAV/Share(Rs) 62.26 64.04 74.24 78.92 83.88 87.33 95.73 96.26 106.01 126.31 141.6
Core EBITDA Margin(%) 10.09 9.45 7.86 10.52 8.65 9.34 10.96 12.8 14.33 14.56 12.7
EBIT Margin(%) 7.43 6.3 4.86 7.11 5.67 6.53 9.85 5.9 9.32 11.3 9.15
Pre Tax Margin(%) 2.95 1.82 1.78 4.68 3.38 3.03 5.54 0.78 5 8.56 6.69
PAT Margin (%) 2.43 1.22 1.32 3.26 2.32 1.95 3.55 0.51 3.79 6.36 5.07
Cash Profit Margin (%) 5.24 4.45 4.49 6.87 5.54 6.36 8.19 7.03 10.39 11.46 10.19
ROA(%) 4.21 2.16 3.19 5.85 3.49 2.36 4.33 0.6 4.5 9.38 6.63
ROE(%) 8.8 4.5 6.89 11.38 6.69 5.28 10.43 1.43 9.76 18.74 12.31
ROCE(%) 14.43 12.62 13.44 14.7 10.06 9.2 13.79 7.87 12.45 20.83 16.56
Receivable days 34.21 34.63 38.13 56.99 67.06 74.53 51.88 39.38 35.66 27.04 26
Inventory Days 20.39 18.4 15.39 23.5 28.47 32.26 30.56 29.65 30.01 25.52 26.48
Payable days 17.13 18.64 16.82 24.97 33.79 37.37 23.22 21.23 23.82 18.6 19.05
PER(x) 8.27 17.6 22.09 20.96 31.29 31.33 11.2 34.94 12.57 10.45 9.47
Price/Book(x) 0.71 0.78 1.33 2.08 2.03 1.62 1.12 0.5 1.17 1.8 1.1
Dividend Yield(%) 3.63 1.8 0.91 0.55 0.53 0.64 0.84 0 0.81 0.44 0.64
EV/Net Sales(x) 0.48 0.5 0.53 0.89 1.09 1.04 0.79 0.56 0.8 0.83 0.59
EV/Core EBITDA(x) 4.2 4.66 5.99 7.52 11.11 9.27 7.01 4.3 5.43 5.61 4.31
Net Sales Growth(%) 10.57 5.9 71.5 -15.54 -6.45 5.77 18.91 -0.39 -2.83 31.62 -5.06
EBIT Growth(%) -20.33 -10.04 29.07 23.54 -25.54 13.33 75.29 -40.32 53.47 59.66 -23.14
PAT Growth(%) -36.07 -46.7 81.32 108.05 -33.73 -17.02 111.27 -85.62 618.81 120.51 -24.25
EPS Growth(%) -36.07 -46.7 57.42 75.4 -30.54 -17.02 111.27 -85.62 618.83 120.51 -24.25
Debt/Equity(x) 0.83 0.84 0.48 0.22 0.75 1.09 1.11 1.08 0.79 0.44 0.25
Current Ratio(x) 1 0.94 1.22 2 1.24 1.04 0.9 0.78 0.82 1.01 1.14
Quick Ratio(x) 0.73 0.65 0.94 1.49 0.94 0.73 0.58 0.47 0.48 0.61 0.74
Interest Cover(x) 1.66 1.41 1.58 2.93 2.47 1.86 2.28 1.15 2.16 4.12 3.71
Total Debt/Mcap(x) 1.17 1.08 0.46 0.13 0.37 0.67 0.99 2.16 0.67 0.25 0.23

Hitech Corporation Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 74.43 74.43 74.43 74.43 74.43 74.43 74.43 74.43 74.43 74.43
FII 0 0.02 0 0 0 0 0.03 0 0 0.1
DII 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Public 25.55 25.53 25.55 25.55 25.55 25.55 25.51 25.55 25.55 25.44
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 28% 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 18.6 to 19.05days.

* 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.

Hitech Corporation News

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