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The Hi-Tech Gears Ltd (HITECHGEAR)

₹958.11.3%

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Overview
News
Financials
Q3 '23 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹946
    ₹987.9
  • 52 Week's Low

    52 Week's High

    ₹349.85
    ₹1,280.45
1 Month Return-1.27 %
3 Month Return+ 10.89 %
1 Year Return+ 148.96 %
Previous Close₹970.70
Open₹987.90
Volume8,495.00
Upper Circuit-
Lower Circuit-
Market Cap₹1,822.80Cr

Key Statistics

P/E Ratio15.95
PEG Ratio0.33
Market Cap₹1,822.80 Cr
P/B Ratio1.19
EPS18.96

Company Information

HiTech Gears (HTGL) was incorporated in 1986 and is based in Bhiwadi, Rajasthan. The company specialises in manufacturing automotive gears and shafts, primarily for Hero Honda Motors (HHML). The company has developed an array of additional equipment to serve the requirements of HHML and other clientele, such as Maruti Udyog, Shriram Honda Power Equipment and Escorts. It has been granted QS9000 accreditation by Underwriters Laboratories and is in possession of an ISO 9000 Certificate to stay compliant with innovative quality standards that are becoming standardised all over the world. Additionally, HTGL has tied up with Kyushu Musashi, a subsidiary of the Honda Motors in Japan, to manufacture forgings that are used as raw material for transmission gears and shafts. This specialised technology is the first of its kind to be transferred outside of the Honda Group. The company is looking to expand its reach by introducing eengineering services, as a separate entity, to offer product and process life cycle management, training and consulting services. It is also working hard to scale its business in the export market, with suppliers spread across Cummins Worldwide, Germany and the UK. Nevertheless, the company expects to experience a positive progression within the domestic sector, particularly with HHML, its largest client.

Share Price: ₹958.10 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,822.80Cr as of today
Revenue: ₹280.60Cr as on March 2024 (Q1 24)
Net Profit: ₹17.83Cr as on March 2024 (Q1 24)
Listing date: 24 Feb, 1997
Chairperson Name: Deep Kapuria
OrganisationThe Hi-Tech Gears Ltd
HeadquartersGurgaon
IndustryAuto Ancillaries
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Key events for The Hi-Tech Gears Ltd

  • Hi-Tech Gears' Earnings May Not Reflect Underlying Profitability - 06 Jun, 2024

    Investors may be concerned about Hi-Tech Gears' earnings report, as the significant positive unusual item could give an overly positive impression of the company's underlying profitability.

  • Hi-Tech Gears' Debt Reduction and EBIT Growth Boosts Shareholder Returns - 31 May, 2024

    Hi-Tech Gears reduced its debt from ₹4.33b to ₹1.95b in a year, with net debt of about ₹1.41b offset by ₹538.4m cash. The company's EBIT increased by 66% in the last twelve months, making it easier to manage its debt. While interest cover ratio is a concern, Hi-Tech Gears' sensible use of debt can enhance shareholder returns.

  • The Hi-Tech Gears Ltd Reports Increase in Net Profit and EPS - 30 May, 2024

    The Hi-Tech Gears Ltd reports a 7.1% increase in quarterly net profit at Rs. 17.83 crore, with an EPS of Rs. 9.49 in March 2024 from Rs. 8.87 in March 2023. The company's EBITDA stands at Rs. 44.21 crore in March 2024, up 29.57% YoY. The stock has given returns of 114.31% over the last 6 months and 270.15% over the last 12 months.

Insights on The Hi-Tech Gears Ltd

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

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 275.08 Cr → 290.24 Cr (in ₹), with an average increase of 5.2% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 6 months, HITECHGEAR stock has moved up by 97.2%

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, HITECHGEAR has outperformed top 5 stocks with highest market-cap in Auto, Truck & Motorcycle Parts

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.00% to 0.06% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 14.91 Cr → 17.83 Cr (in ₹), with an average increase of 16.4% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 352.3% return, outperforming this stock by 141.9%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 43.72% to 43.69% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 56.26% to 56.23% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹280.60Cr
↑4.85%
Net Income
₹17.83Cr
↑19.58%
Net Profit Margin
6.35%
↑14.00%
2023Y/Y Change
Revenue
₹1,169.22Cr
↑20.46%
Net Income
₹23.11Cr
↓2,200.91%
Net Profit Margin
1.98%
↓1,900.00%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹733.47Cr
↑2.53%
Total Liabilities
₹335.85Cr
↓8.27%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹53.20Cr
↑0.04%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
56.23%
0.00
Foreign Institutions
0.06%
0.00
Mutual Funds
0%
0.00
Retail Investors
43.69%
0.00
Others
0.02%
0.00

Key Indicators

The Hi-Tech Gears Ltd Valuation

The Hi-Tech Gears Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-436.86x)

April 4, 2022

Today (15.95x)

July 12, 2024

Industry (64.72x)

July 12, 2024

Highest (259.23x)

December 5, 2022

LowHigh

Earnings and Dividends

  • The Hi-Tech Gears Ltd Earnings Results

    The Hi-Tech Gears Ltd’s net profit jumped 7.15% since last year same period to ₹17.83Cr in the Q4 2023-2024. On a quarterly growth basis, The Hi-Tech Gears Ltd has generated 19.58% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • The Hi-Tech Gears Ltd Dividends May,2023

    In the quarter ending March 2023, The Hi-Tech Gears Ltd has declared dividend of ₹2.50 - translating a dividend yield of 0.41%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

The Hi-Tech Gears Ltd is currently in a Bearish trading position according to technical analysis indicators.

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The Hi-Tech Gears Ltd (HITECHGEAR) share price today is ₹958.1

The Hi-Tech Gears Ltd is listed on NSE

The Hi-Tech Gears Ltd is listed on BSE

  • Today’s highest price of The Hi-Tech Gears Ltd is ₹987.9.
  • Today’s lowest price of The Hi-Tech Gears Ltd is ₹946.

PE Ratio of The Hi-Tech Gears Ltd is 15.95

PE ratio = The Hi-Tech Gears Ltd Market price per share / The Hi-Tech Gears Ltd Earnings per share

Today’s traded volume of The Hi-Tech Gears Ltd(HITECHGEAR) is 8,495.00.

Today’s market capitalisation of The Hi-Tech Gears Ltd(HITECHGEAR) is ₹1822.8Cr.

The Hi-Tech Gears Ltd(HITECHGEARPrice
52 Week High
₹1280.45
52 Week Low
₹349.85

The Hi-Tech Gears Ltd(HITECHGEAR) share price is ₹958.1. It is down -25.17% from its 52 Week High price of ₹1280.45

The Hi-Tech Gears Ltd(HITECHGEAR) share price is ₹958.1. It is up 173.86% from its 52 Week Low price of ₹349.85

The Hi-Tech Gears Ltd(HITECHGEARReturns
1 Day Returns
-12.6%
1 Month Returns
-1.27%
3 Month Returns
10.89%
1 Year Returns
148.96%