MarketFriction

Hitech Corporation Ltd

NSE HITECHCORP · BSE 526217 · Packaging
₹340.25 -1.45%
NSE close2026-10-01
52 week range112.00 - 346.00
Market cap₹588 Cr.
P/E31.0
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Mar 2015Jun 2015Sep 2015Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales95.84102.87107.96142.62146.51123.00149.29164.90164.38145.12166.00225.67
Expenses89.9591.8394.73126.47129.74109.96133.52144.42144.45132.33144.64202.66
Operating Profit5.8911.0413.2316.1516.7713.0415.7720.4819.9312.7921.3623.01
OPM %6.15%10.73%12.25%11.32%11.45%10.60%10.56%12.42%12.12%8.81%12.87%10.20%
Other Income0.430.350.171.670.360.97-0.290.410.48-1.533.561.33
Interest2.743.092.963.954.103.904.204.594.824.574.665.02
Depreciation4.814.013.888.689.099.069.639.769.9310.0010.0210.04
Profit before tax-1.234.296.565.193.941.051.656.545.66-3.3110.249.28
Tax %-86.99%29.37%20.27%25.05%29.70%-19.05%38.18%27.37%26.50%-20.85%13.18%23.38%
Net Profit-0.173.035.243.892.781.261.014.754.17-2.628.897.11
EPS in Rs0.112.113.242.261.620.730.592.772.43-1.535.184.14
Mar 2006Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2025Mar 2026TTM
Sales83155179216262345386439460561640701
Expenses68133151184223298340393411500566624
Operating Profit152228323946454649627577
OPM %18%14%16%15%15%13%12%11%11%11%12%11%
Other Income021221220334
Interest36810912181817161919
Depreciation5999913151718364040
Profit before tax71013152422141313121922
Tax %31%21%17%27%33%28%25%18%40%24%21%
Net Profit58111116161010891518
EPS in Rs5.587.237.7311.3410.948.086.864.825.218.8410.22
Dividend Payout %21%14%14%14%13%15%20%23%19%19%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%%20%
Compounded Profit Growth%%%77%
Stock Price CAGR6%10%15%81%
Return on Equity%%%6%
Mar 2006Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2025Mar 2026
Equity Capital1213131313131313131717
Reserves51724415466758186254267
Borrowings29495450709611810597117137
Other Liabilities1817273652665965706267
Total Liabilities6396119139189242265264267450489
Fixed Assets2842556579113127147135295291
CWIP15161976111312
Investments00000000011
Other Assets3549636891122132116130142185
Total Assets6396119139189242265264267450489
Mar 2006Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2025Mar 2026
Cash from Operating Activity148172921213358304844
Cash from Investing Activity-10-28-22-17-34-37-33-26-6-61-47
Cash from Financing Activity-4205-1116163-34-27147
Net Cash Flow-00022-03-2-323
Free Cash Flow4-9-512-14-1703123-18
CFO/OP109%52%69%101%71%59%85%132%70%89%62%
Mar 2006Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2025Mar 2026
Debtor Days6260665564615951583541
Inventory Days8556645368776134405568
Days Payable280242433322321242733
Cash Conversion Cycle11911610684991079764746377
Working Capital Days888593808554916-214
ROCE %23%22%23%23%19%14%13%14%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.44%74.44%74.44%74.44%74.44%74.44%74.44%74.44%74.44%74.44%74.44%74.44%
FIIs0.00%0.00%0.10%0.12%0.15%0.14%0.12%0.12%0.15%0.00%0.00%0.00%
DIIs0.00%0.00%0.00%0.00%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.13%
Government0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public25.56%25.54%25.44%25.44%25.37%25.36%25.38%25.38%25.36%25.51%25.50%25.41%
No. of Shareholders7,4418,1758,1848,4368,5758,9269,4879,2859,2018,9058,7277,720

Fundamentals

Market Cap₹ 588 Cr.
Current Price₹ 342
Stock P/E31.0
Book Value₹ 166
ROCE9.66 %
ROE5.83 %
Dividend Yield0.29 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)77%
Consolidated figures.
Valuation
Market capRs 584 Cr
Enterprise valueRs 714 Cr
P/E (TTM)33.30x
Price to book2.05x
Price to sales0.83x
EV / EBITDA8.82x
EV / EBIT17.43x
EV / sales1.02x
Price to cash flow13.34x
Earnings yield3.00%
Dividend yield0.29%
P/E, 3-year average22.71x
P/B, 3-year average0.91x
P/E, 5-year average14.66x
P/B, 5-year average0.81x
Profitability
Operating margin (excl. other income)11.64%
Operating margin (incl. other income)12.10%
EBITDA margin11.54%
Pre-tax margin3.12%
Net profit margin2.50%
Net margin, latest quarter3.15%
ROE5.47%
ROCE9.33%
ROA3.23%
ROE, 3-year average5.61%
ROCE, 3-year average11.47%
ROA, 3-year average2.71%
ROE, 5-year average7.89%
ROCE, 5-year average13.22%
ROA, 5-year average3.15%
ROIC (approx.)7.85%
Tax rate20.65%
Other income / net worth1.03%
Growth
Sales growth (latest year)14.07%
Profit growth (latest year)69.91%
Sales CAGR, 3 years13.37%
Sales CAGR, 5 years13.19%
Profit CAGR, 3 years18.89%
Profit CAGR, 5 years1.05%
Sales growth QoQ35.95%
Profit growth QoQ-20.02%
Sales growth YoY (latest quarter)36.85%
Profit growth YoY (latest quarter)49.68%
Per share
EPS (TTM)Rs 10.22
EPS (latest quarter)Rs 4.14
EPS, 3-year averageRs 5.01
EPS, 5-year averageRs 6.24
Book value per shareRs 165.73
Sales per shareRs 408.24
Cash flow per shareRs 25.51
Free cash flow per shareRs 4.66
Dividend per share, 3-year averageRs 0.95
Dividend per share, 5-year averageRs 1.28
Dividends
Dividend payout11.32%
Dividend payout, 3-year average16.43%
Dividend payout, 5-year average18.49%
Efficiency
Asset turnover1.31x
Fixed asset turnover2.20x
Inventory turnover5.34x
Inventory days68 days
Debtor days41 days
Debtors turnover8.92x
Creditor days33 days
Cash conversion cycle77 days
Working capital days14 days
Leverage
Total debtRs 137 Cr
Cash and bankRs 8 Cr
Net debtRs 129 Cr
Debt to equity0.48x
Net debt / EBITDA1.60x
Interest coverage2.15x
Owners' fund to total sources58.23%
Debt to assets28.10%
Cash flow
Cash from Operating Activity (latest year)Rs 44 Cr
Cash from Investing Activity (latest year)Rs -47 Cr
Cash from Financing Activity (latest year)Rs 7 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 8 Cr
FCFE (approx.: FCF + change in debt)Rs 28 Cr
Cash from ops / profit, 5 years4.10x
Sales to cash flow14.62x
Statement figures
Net sales (TTM)Rs 701 Cr
Net sales (latest year)Rs 640 Cr
Sales (latest quarter)Rs 226 Cr
Operating profit excl. other income (latest year)Rs 75 Cr
Operating profit (latest quarter)Rs 23 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 81 Cr
PBDT (TTM)Rs 62 Cr
Profit before tax (TTM)Rs 22 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 18 Cr
Net profit (latest year)Rs 15 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 40 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 19 Cr
Cost of goods sold (latest year)Rs 383 Cr
Total expenditure (latest year)Rs 566 Cr
Total income (latest year)Rs 643 Cr
Share capitalRs 17 Cr
ReservesRs 267 Cr
Shareholders' fundsRs 285 Cr
Total assetsRs 489 Cr
Net blockRs 291 Cr
Capital work in progressRs 12 Cr
InvestmentsRs 1 Cr
ReceivablesRs 72 Cr
InventoryRs 72 Cr
Other liabilitiesRs 67 Cr
Shares outstanding (crore)1.72
Ownership
Promoter holding74.44% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 33.3 is at the 34th percentile of its own 10.1-year range (median 42.1, low 13.1, high 80.9).
P/B 2.05 is at the 36th percentile (median 2.89).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHITECHCORPNifty 50Difference
1 week+2.6%-2.8% +5.4 pts
1 month+0.8%-6.8% +7.6 pts
3 months+6.9%-7.6% +14.6 pts
6 months+197.7%+0.4% +197.3 pts
1 year+69.4%-9.9% +79.4 pts
2 years+15.4%-13.6% +28.9 pts
3 years+49.9%+14.2% +35.7 pts
5 years+53.1%+27.9% +25.2 pts

Red flags

F-score 7 of 8
explainShare dilution Share count up 0% in a year, 30% in three
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹226 Cr +36.9% vs Jun 2025. Net profit ₹7 Cr +49.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-04Dividend - Re 1 Per Share
2025-07-18Dividend - Re 1 Per Share
2024-07-19Dividend - Re 1 Per Share
2023-06-30Dividend - Re 1 Per Share
2022-07-07Dividend - Re 1 Per Share
2021-07-20 Dividend - Re 1 Per Share
2020-09-17 Annual General Meeting
2019-09-20 Annual General Meeting/Dividend - Rs 0.90 Per Share
2018-07-06 Annual General Meeting / Dividend- Re 0.90 Per Share
2017-07-25 Annual General Meeting/ Dividend Re 0.90 Per Share
2016-09-14 Annual General Meeting / Dividend - Re 0.90/- Per Share
2015-12-21 Annual General Meeting/ Dividend - Re 0.90/- Per Share
2014-09-04Annual General Meeting / Dividend - Re 0.90/- Per Share
2013-08-30Annual General Meeting And Dividend Rs.1.60 Per Share
2012-07-31Annual General Meeting/ Dividend Rs. 1.60/- Per Equity Share
2011-07-20Annual General Meeting And Dividend Rs.1.60 Per Share
2010-08-25Annual General Meeting And Dividend Rs.1.50 Per Share
2009-09-16Agm/Div-Rs.1.10 Per Share
2008-09-10Agm/Div-Re.1/- Per Share
DateTypeWhat it says
2026-09-30General UpdatesRecommendations of Independent Directors Committee as per Regulation 28 of SEBI Delisting Regulations.
2026-09-30UpdatesKreo Capital Private Limited has Submitted to the Exchange a copy of Letter of Offer.
2026-09-29General UpdatesGeneral Updates
2026-09-29General UpdatesGeneral Updates
2026-09-28General UpdatesPublication of Detailed Public Announcement
2026-09-25Shareholder meetingVoting results.
2026-09-25General UpdatesReceipt of In-principle approval from both the stock exchanges as per Regulation 21 of SEBI Delisting Regulations.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-08General UpdatesUpdate on Delisting
2026-09-02General UpdatesLetter to Shareholders.
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-31UpdatesThe Date of payment of Dividend
2026-08-31General UpdatesIntimation 35th Annual General Meeting
2026-08-31Record DateRecord date for the purpose of Dividend is 04-Sep-2026.
2026-08-14Change in ManagementChange in Management
2026-08-14Board meeting outcomeHitech Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-10Director changeChange in Director(s) of the company.
2026-07-10Shareholder meetingVoting results.
2026-07-08Disclosure under SEBI TakeovJalaj A Dani has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqu...
2026-07-08Disclosure under SEBI TakeovIna Ashwin Dani has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-06-10Shareholder meetingNotice of Postal Ballot
2026-06-09Voluntary DelistingVoluntary Delisting
2026-06-09Voluntary DelistingVoluntary Delisting
2026-06-04General UpdatesGeneral Updates
2026-05-28General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03