The Hi-Tech Gears Ltd
The Hi-Tech Gears Ltd (HITECHGEAR)

The Hi-Tech Gears Ltd (HITECHGEAR)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-4.46 %
3 Month Return2.47 %
1 Year Return-22.98 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 334
Rank 380
Rank 92
Dividend Yield
Rank 94
Rank 258
Price To Book Ratio
Debt To Asset
Rank 213

Company Information

Incorporated in 1986 HiTech Gears HTGL manufactures automotive gears and shafts at Bhiwadi Rajasthan mainly for Hero Honda Motors HHML. Over a period of time it has acquired additional equipments to cater to the requirement of gears and shafts for HHML and other original equipment manufacturers. Its other clients are Maruti Udyog Shriram Honda Power Equipment and Escorts. The company is granted QS9000 accrediation by Underwriters Laboratories and is already having ISO 9000 Certificate. New quality standards are being adopted by the Companies all over the world.HTGL has tied up with Kyushu Musashi a subsidiary of Honda Motors Japan to manufacture closeddie forgings in India. This particular product is a raw material for transmission gears and shafts. These forgings are at present imported by HHML. With the implementation of the forgings project the company will stand to benefit as inhouse forgings manufacture will result in valueadded and costeffective products. The technology thus acquired will be unique which imparts greater strength to forgings and will not be restricted to the automobile sector. This is the first time this technology is being transferred outside the Honda group.Company has taken initiative and seeks to be a front runner in customer satisfaction. Company has succeeded in opening up the export market and has commenced supply to M/s Cummins world wide. Besides this the company is developing markets in Germany and increasing its business in U.K. Company also confident about the healthy segment of its business due to companys largest customer M/s Hero Honds Motors Ltd.It has plans of diversifying into the software arena with a foray into eengineering services. The company has formed a small group named Hitech Soft which is utilising software from original equipment OE customers to undertake projects on assembly modelling computer aided machining CAM drawing and other engineering services. It plans to strengthen it and then hive it off as a separate entity in the future. This division plans to offer product and process life cycle management projects intralink implementation training and consulting services.
OrganisationThe Hi-Tech Gears Ltd
IndustryAuto Ancillaries