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Hitech Corporation Ltd (HITECHCORP)

₹235.12.95%

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Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹229.33
    ₹236.07
  • 52 Week's Low

    52 Week's High

    ₹179.9
    ₹309
1 Month Return-0.44 %
3 Month Return-3.89 %
1 Year Return-5.42 %
Previous Close₹228.36
Open₹229.33
Volume10.16K
Upper Circuit-
Lower Circuit-
Market Cap₹392.22Cr

Key Statistics

P/E Ratio32.25
PEG Ratio36.24
Market Cap₹392.22 Cr
P/B Ratio1.29
EPS11.68

Company Information

HiTech Plast Containers India Ltd is set to undergo a major corporate restructuring, involving the amalgamation of Plastic Precision Machinefabrik Pvt Ltd with itself. Through this merger, HiTech Plast will be able to quickly and cost-effectively integrate Plastic Precision Machinefabrik's sophisticated range of packaging products into its existing range. In addition, by having all processes under one roof, HiTech Plast can become more efficient in terms of materials, labour and operational costs, making it a more competitive and profitable business. This merger will result in greater synergy between both companies, leading to more innovation and stronger market positioning for HiTech Plast. Furthermore, this move will help HiTech Plast reach more customers worldwide, enabling them to become a truly global enterprise. The amalgamation is expected to be completed in 2021, with HiTech Plast welcoming Plastic Precision Machinefabrik’s existing employees and new resources to its fold as part of the integration.

Share Price: ₹235.10 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹392.22Cr as of today
Revenue: ₹107.30Cr as on September 2015 (Q3 15)
Net Profit: ₹5.23Cr as on September 2015 (Q3 15)
Listing date: 20 Dec, 2007
Chairperson Name: Jayendra Ratilal Shah
OrganisationHitech Corporation Ltd
HeadquartersMumbai
IndustryPackaging
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Key events for Hitech Corporation Ltd

  • Hitech Corporation Ltd's Dividend Prospects Ambivalent - 15 Jul, 2024

    Hitech Corporation Ltd is set to trade ex-dividend in the next 3 days, with a dividend of ₹1.00 per share. The company paid out just 7.8% of its profit last year and more than half (54%) of its free cash flow, indicating that the dividend is sustainable as long as earnings don't drop precipitously. However, Hitech has seen its dividend decline 4.6% per annum on average over the past 10 years.

Insights on Hitech Corporation Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.00% to 0.10% in Mar 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.43% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Time Technoplast Ltd has given 144.2% return, outperforming this stock by 149.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Time Technoplast Ltd has given 304.0% return, outperforming this stock by 316.6%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 25.51% to 25.40% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, HITECHCORP stock has moved down by -6.8%

Company Financials

Value in ₹ crore
Q'3 15Q/Q Change
Revenue
₹107.30Cr
↑4.84%
Net Income
₹5.23Cr
↑72.61%
Net Profit Margin
4.87%
↑64.53%
2014Y/Y Change
Revenue
₹459.61Cr
↑4.58%
Net Income
₹8.09Cr
↓22.06%
Net Profit Margin
1.76%
↓25.42%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹392.58Cr
↑14.01%
Total Liabilities
₹129.16Cr
↑27.73%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹54.57Cr
↓21.29%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.43%
0.00
Foreign Institutions
0.1%
0.00
Mutual Funds
0%
0.00
Retail Investors
25.4%
0.00
Others
0.06%
0.00

Key Indicators

Hitech Corporation Ltd Valuation

Hitech Corporation Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.08x)

March 25, 2020

Industry (30.67x)

July 23, 2024

Today (32.25x)

July 23, 2024

Highest (45.27x)

January 6, 2022

LowHigh

Earnings and Dividends

  • Hitech Corporation Ltd Earnings Results

    Hitech Corporation Ltd’s net profit jumped 98.79% since last year same period to ₹4.91Cr in the Q2 2015-2016. On a quarterly growth basis, Hitech Corporation Ltd has generated 53.44% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Hitech Corporation Ltd Dividends May,2024

    In the quarter ending March 2024, Hitech Corporation Ltd has declared dividend of ₹1 - translating a dividend yield of 0.88%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Neutral

Hitech Corporation Ltd is currently in a Neutral trading position according to technical analysis indicators.

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Hitech Corporation Ltd (HITECHCORP) share price today is ₹235.1

Hitech Corporation Ltd is listed on NSE

Hitech Corporation Ltd is listed on BSE

  • Today’s highest price of Hitech Corporation Ltd is ₹236.07.
  • Today’s lowest price of Hitech Corporation Ltd is ₹229.33.

PE Ratio of Hitech Corporation Ltd is 32.25

PE ratio = Hitech Corporation Ltd Market price per share / Hitech Corporation Ltd Earnings per share

Today’s traded volume of Hitech Corporation Ltd(HITECHCORP) is 10.16K.

Today’s market capitalisation of Hitech Corporation Ltd(HITECHCORP) is ₹392.22Cr.

Hitech Corporation Ltd(HITECHCORPPrice
52 Week High
₹309
52 Week Low
₹179.9

Hitech Corporation Ltd(HITECHCORP) share price is ₹235.1. It is down -23.92% from its 52 Week High price of ₹309

Hitech Corporation Ltd(HITECHCORP) share price is ₹235.1. It is up 30.68% from its 52 Week Low price of ₹179.9

Hitech Corporation Ltd(HITECHCORPReturns
1 Day Returns
6.74%
1 Month Returns
-0.44%
3 Month Returns
-3.89%
1 Year Returns
-5.42%