MarketFriction

The Hi-Tech Gears Ltd

NSE HITECHGEAR · BSE 522073 · Auto Components & Equipments
₹601.75 -3.22%
NSE close2026-10-01
52 week range521.25 - 897.45
Market cap₹1,166 Cr.
P/E59.1
Insolvency 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
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales283.64272.91286.87260.63246.39205.06214.88215.55240.74223.52228.62237.69
Expenses248.50232.16246.04219.69211.21178.51181.66189.40212.94201.60203.39211.35
Operating Profit35.1440.7540.8340.9435.1826.5533.2226.1527.8021.9225.2326.34
OPM %12.39%14.93%14.23%15.71%14.28%12.95%15.46%12.13%11.55%9.81%11.04%11.08%
Other Income78.452.073.332.411.913.104.304.552.373.074.391.25
Interest13.878.216.696.455.654.934.343.793.573.893.603.88
Depreciation15.0214.8716.2815.5916.0015.9515.9316.4017.0117.9715.9717.33
Profit before tax84.7019.7421.1921.3115.448.7717.2510.519.593.1310.056.38
Tax %14.75%24.52%15.90%33.18%38.21%21.66%43.65%42.91%37.33%72.84%19.30%25.55%
Net Profit72.2214.9117.8314.249.546.879.726.006.010.868.114.76
EPS in Rs38.487.949.507.585.083.665.173.193.200.464.312.53
Mar 2006Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1954717499147227469711,1691,107927908931
Expenses1784156548006386568891,028957791807829
Operating Profit175695113849082141150136101101
OPM %9%12%13%12%12%12%8%12%14%15%11%11%
Other Income77201711108887121411
Interest5424293323263338211515
Depreciation92639424343528261636768
Profit before tax933525919341134138633329
Tax %40%38%34%39%56%15%110%32%17%36%37%
Net Profit6203436829-123114402120
EPS in Rs10.7318.2418.964.4115.34-0.5912.3160.8421.4811.1510.50
Dividend Payout %42%23%19%18%34%13%-256%20%8%23%36%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%4%-8%6%
Compounded Profit Growth%-6%-3%-39%
Stock Price CAGR6%19%21%-16%
Return on Equity8%6%8%4%
Mar 2006Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital919191919191919191919
Reserves30183222253257302312336447465504
Borrowings90319366440352427471457298202183
Other Liabilities52160128155161174201171144118132
Total Liabilities1816807348677899221,002983908804838
Fixed Assets105403423444446468528496462445436
CWIP711131934713813417
Investments000481012121211
Other Assets70267298400301373424462430357394
Total Assets1816807348677899221,002983908804838
Mar 2006Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1554154718437565411714986
Cash from Investing Activity-48-119-72-85-40-51-56-41143-1-34
Cash from Financing Activity33261860-1512511-41-280-150-57
Net Cash Flow1-40-3922-71210-27-19-3-5
Free Cash Flow-3239-48-39156-21-33225412654
CFO/OP101%120%39%54%230%56%86%53%90%122%99%
Mar 2006Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3482756846736565666070
Inventory Days124856687929188757999112
Days Payable15886757910211210973696680
Cash Conversion Cycle0816676375245677693101
Working Capital Days39-30241487-7-5234963
ROCE %13%12%8%8%5%8%12%12%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters56.26%56.26%56.23%56.23%56.23%56.23%56.19%56.19%56.19%56.19%56.12%56.12%
FIIs0.02%0.00%0.06%0.01%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%
Government0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public43.69%43.73%43.70%43.75%43.75%43.75%43.80%43.79%43.80%43.80%43.85%43.86%
No. of Shareholders7,4147,2849,56711,87211,84111,22710,82510,55110,2169,8529,5719,484

Fundamentals

Market Cap₹ 1,166 Cr.
Current Price₹ 626
Stock P/E59.1
Book Value₹ 278
ROCE6.90 %
ROE4.13 %
Dividend Yield0.64 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)-39%
Consolidated figures.
Valuation
Market capRs 1,131 Cr
Enterprise valueRs 1,278 Cr
P/E (TTM)57.29x
Price to book2.16x
Price to sales1.22x
EV / EBITDA11.38x
EV / EBIT28.99x
EV / sales1.37x
Price to cash flow13.14x
Earnings yield1.75%
Dividend yield0.67%
P/E, 3-year average30.01x
P/B, 3-year average2.48x
P/E, 5-year average27.64x
P/B, 5-year average2.00x
Profitability
Operating margin (excl. other income)11.13%
Operating margin (incl. other income)12.71%
EBITDA margin12.08%
Pre-tax margin3.13%
Net profit margin2.12%
Net margin, latest quarter2.00%
ROE4.17%
ROCE6.92%
ROA2.56%
ROE, 3-year average13.51%
ROCE, 3-year average13.60%
ROA, 3-year average6.45%
ROE, 5-year average9.38%
ROCE, 5-year average10.79%
ROA, 5-year average4.31%
ROIC (approx.)4.15%
Tax rate36.99%
Other income / net worth2.75%
Growth
Sales growth (latest year)-2.00%
Profit growth (latest year)-48.02%
Sales CAGR, 3 years-8.07%
Sales CAGR, 5 years4.03%
Profit CAGR, 3 years-3.17%
Profit CAGR, 5 years-6.13%
Sales growth QoQ3.97%
Profit growth QoQ-41.31%
Sales growth YoY (latest quarter)10.27%
Profit growth YoY (latest quarter)-20.67%
Per share
EPS (TTM)Rs 10.50
EPS (latest year)Rs 11.16
EPS (latest quarter)Rs 2.53
EPS, 3-year averageRs 31.17
EPS, 5-year averageRs 21.05
Book value per shareRs 278.10
Sales per shareRs 495.16
Cash flow per shareRs 45.80
Free cash flow per shareRs 28.73
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 4.67
Dividend per share, 5-year averageRs 3.60
Dividends
Dividend payout35.84%
Dividend payout, 3-year average22.45%
Dividend payout, 5-year average21.91%
Efficiency
Asset turnover1.08x
Fixed asset turnover2.08x
Inventory turnover4.12x
Inventory days89 days
Debtor days70 days
Debtors turnover5.25x
Creditor days80 days
Cash conversion cycle101 days
Working capital days63 days
Leverage
Total debtRs 183 Cr
Cash and bankRs 35 Cr
Net debtRs 147 Cr
Debt to equity0.35x
Net debt / EBITDA1.31x
Interest coverage2.95x
Current ratio (filing 2026-03-31)2.01x
Quick ratio (filing 2026-03-31)1.27x
Trade payables (filing 2026-03-31)Rs 101 Cr
Owners' fund to total sources62.40%
Debt to assets21.79%
Cash flow
Cash from Operating Activity (latest year)Rs 86 Cr
Cash from Investing Activity (latest year)Rs -34 Cr
Cash from Financing Activity (latest year)Rs -57 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs 54 Cr
FCFE (approx.: FCF + change in debt)Rs 34 Cr
Cash from ops / profit, 5 years2.35x
Sales to cash flow10.55x
Statement figures
Net sales (TTM)Rs 931 Cr
Net sales (latest year)Rs 908 Cr
Sales (latest quarter)Rs 238 Cr
Operating profit excl. other income (latest year)Rs 101 Cr
Operating profit (latest quarter)Rs 26 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 112 Cr
PBDT (TTM)Rs 97 Cr
Profit before tax (TTM)Rs 29 Cr
Tax (latest year)Rs 12 Cr
Net profit (TTM)Rs 20 Cr
Net profit (latest year)Rs 21 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 68 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 580 Cr
Total expenditure (latest year)Rs 807 Cr
Total income (latest year)Rs 923 Cr
Share capitalRs 19 Cr
ReservesRs 504 Cr
Shareholders' fundsRs 523 Cr
Total assetsRs 838 Cr
Net blockRs 436 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 1 Cr
ReceivablesRs 173 Cr
InventoryRs 141 Cr
Other liabilitiesRs 132 Cr
Shares outstanding (crore)1.88
Ownership
Promoter holding56.12% (-0.07 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 57.3 is at the 94th percentile of its own 8.4-year range (median 28.9, low 4.2, high 86.8).
P/B 2.16 is at the 50th percentile (median 2.16).
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.
PeriodHITECHGEARNifty 50Difference
1 week+2.2%-2.8% +5.0 pts
1 month+5.7%-6.8% +12.5 pts
3 months-15.0%-7.6% -7.4 pts
6 months+9.7%+0.4% +9.3 pts
1 year-19.4%-9.9% -9.5 pts
2 years-32.9%-13.6% -19.4 pts
3 years+69.4%+14.2% +55.2 pts
5 years+128.5%+27.9% +100.7 pts

Red flags

F-score 5 of 8
seriousInsolvency process Insolvency process 2026-09-29: The Hi-Tech Gears Limited has informed the Exchange about Corporate Insolvency Resolution Process
lookProfit leans on other income Other income was 43% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: Insolvency
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 ₹238 Cr +10.3% vs Jun 2025. Net profit ₹5 Cr -20.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-15Dividend - Rs 4 Per Share
2025-09-19Dividend - Rs 5 Per Share
2024-09-19Annual General Meeting/Dividend - Rs 5 Per Share
2023-09-21Annual General Meeting/Dividend - Rs 2.5 Per Share
2022-09-21Annual General Meeting/Dividend - Rs 1.50 Per Share
2021-09-21 Annual General Meeting/Dividend - Rs 2 Per Share
2020-12-17 Annual General Meeting
2020-02-18 Interim Dividend - Rs 1.50 Per Share
2019-09-19 Dividend - Rs 2 Per Share
2019-02-14 Interim Dividend - Rs 1.50 Per Share
2018-09-19 Annual General Meeting/Dividend Rs 2 Per Share (Purpose Revised)
2018-02-15 Interim Dividend Rs 1.50 Per Share
2017-09-21 Annual General Meeting/Dividend - Rs 1.25 Per Share
2017-02-22 Interim Dividend Rs 1.25 Per Share
2016-09-15 Dividend Rs 1.50 Per Share
2016-02-25 Interim Dividend - Rs 1.50/- Per Share
2015-09-21 Annual General Meeting/ Dividend - Rs 1.50/- Per Share
2015-02-24Interim Dividend - Re 1.00/- Per Share
2014-09-08Annual General Meeting/Dividend Rs 1.50/- Per Share
2014-02-25Interim Dividend Re1/- Per Share
2013-09-18Annual General Meeting And Dividend Rs.1.50 Per Share
2013-02-25Interim Dividend Re 1 Per Share
2012-09-13Annual General Meeting/ Dividend Rs 2.5 Per Share
2012-02-23Interim Dividend Rs.2/- Per Share
2011-09-14Dividend-Rs.2.50 Per Share
2011-03-17Interim Dividend - Rs 1.50 Per Share (Purpose Revised)
2010-12-01Bonus 1:10.5000
2010-09-15Dividend-Rs.4.50 Per Share
2009-09-10Agm/Div-Rs.1.50 Per Share
2008-09-10Agm/Dividend - 30%
2007-09-05Agm/Final Dividend-10%
2007-03-22Interim Dividend-15% Purpose Revised
2006-08-30Agm/Dividend-25%
DateTypeWhat it says
2026-10-01Regulatory actionAction(s) initiated or orders passed
2026-09-29Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-09-24Shareholder meetingVoting results.
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-08-29ResignationResignation of Director/KMP/SMP
2026-08-29ResignationResignation of Director/KMP/SMP
2026-08-29ResignationResignation of Mr. Naveen Jain as Company Secretary & Compliance Officer of the company w.e.f. August 29, 2026.
2026-08-29CessationCessation of Mr Naveen Jain as Company Secretary & Compliance Officer of the company w.e.f. August 29, 2026.
2026-08-21Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026
2026-08-20Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-12Record DateThat, in continuation to our letter dated August 06, 2026, the Record date for the purpose of Dividend is 15-Sep-2026.
2026-08-08Investor PresentationInvestor Presentation
2026-08-06AppointmentAppointment of Mr Manoj Kumar Saxena as Other of the company w.e.f. August 06, 2026.
2026-08-06AppointmentAppointment of Mr Rajiv Batra as Independent Director of the company w.e.f. November 02, 2026.
2026-08-06General UpdatesContinuation of Mr. Bidadi Anjani Kumar (DIN: 00022417) as a Non-Executive Non-Independent Director who will attain the age of 75 years.
2026-08-06Board meeting outcomeOutcome of Board Meeting held on August 06, 2026. -Appointment of Mr. Manoj Kumar Saxena and designated as a Senior Management Personal of the Company
2026-08-06Board meeting outcomeOutcome of Board Meeting held on August 06, 2026. -Re-appointment of Mr. Rajiv Batra (DIN-00082866) as a Non-Executive Independent Director of the Com...
2026-08-06General UpdatesAppointment of Scrutinizer for the 40th Annual General Meeting AGM of the Company
2026-08-06Record DateRecord date for the purpose of Dividend is 15-Sep-2026.
2026-08-06Board meeting outcomeThe Hi-Tech Gears Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31ESOPAllotment of 6497 Shares.
2026-06-19General UpdatesGeneral Updates
2026-06-02Investor PresentationInvestor Presentation
2026-05-29AppointmentAppointment of Mr Vijay Mathur as Chief Financial Officer of the company w.e.f. May 29, 2026.
2026-05-29Board meeting outcomeOutcome of Board Meeting held on May 29, 2026.
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.
Insolvency Resolution Process(IRP)Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of The Hi-Tech Gears Ltd?

The Hi-Tech Gears Ltd (HITECHGEAR) has a market capitalisation of Rs 1,166 Cr. at the 2026-10-01 close.

What is the P/E ratio of The Hi-Tech Gears Ltd?

The Hi-Tech Gears Ltd trades at a P/E of 59.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were The Hi-Tech Gears Ltd's latest quarterly results?

In the Jun 2026 quarter, The Hi-Tech Gears Ltd sales was Rs 238 Cr (+10.3% vs Jun 2025) and net profit was Rs 5 Cr.

What is the 52-week high and low of The Hi-Tech Gears Ltd?

The 52-week high is Rs 897.45 and the 52-week low is Rs 521.25.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03