Hitech Corporation Ltd.

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hitechcorporation.coBSE: 526217NSE: HITECHCORP

Market Cap₹ 569 Cr.

Current Price

High / Low₹ 345 / 112

Stock P/E32.4

Book Value₹ 170

Price to Book1.15

Dividend Yield0.30 %

ROCE9.7 %

ROE4.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Plastic Containers: 100.0%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Latest quarter profit grew 49.7% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.94x)
Working capital cycle has improved - days down from 17 to -1
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

A large part of profit comes from other income (31.2% of PBT)
Company has a low return on equity of 8.2% over last 3 years
Interest coverage is weak at 1.7x - earnings barely cover interest
Equity base is being diluted - shares outstanding up 30.4%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsPlastic ProductsPlastic Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SUPREMEIND	3509.50	43.18	44580.08	1.03	280.72	38.76	2717.66	4.16	21.49	17.33
2.	ASTRAL	1471.15	68.67	39522.47	0.27	120.20	51.77	1578.00	15.93	19.95	14.65
3.	SHAILY	3445.35	89.63	15846.97	0.09	48.01	16.75	280.67	13.77	29.46	29.59
4.	GRWRHITECH	6755.75	40.47	15695.22	0.18	132.65	59.78	633.08	27.90	18.08	27.17
5.	FINPIPE	156.70	15.80	9722.87	1.75	114.52	16.67	883.58	-15.30	12.73	12.09
6.	TIMETECHNO	185.95	18.74	9179.15	0.81	1178.60	1120.71	16927.10	1151.40	17.37	13.25
7.	KINGFA	6167.55	37.03	8357.88	0.00	80.21	101.58	688.57	49.06	30.70	16.12
8.	RESPONIND	169.65	44.65	4523.01	0.06	2.74	-94.51	192.87	-43.06	10.76	12.09
9.	POLYPLEX	1139.35	23.03	3576.70	0.26	171.07	386.02	2253.62	29.62	1.51	13.15
10.	PRINCEPIPE	280.95	30.42	3106.21	0.36	337.49	6900.41	6094.18	949.97	6.20	12.66
11.	NILKAMAL	2054.30	24.59	3065.53	0.97	24.40	59.20	819.73	-7.18	10.76	9.44
12.	HITECHCORP	331.10	32.41	568.69	0.30	7.11	49.73	225.67	36.84	9.69	10.20

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	143	147	123	149	165	164	145	166	226
	126	130	110	134	144	144	132	145	218
Operating Profit	16	17	13	16	20	20	13	21	8
OPM %	11.32%	11.44%	10.61%	10.56%	12.42%	12.12%	8.81%	12.87%	3.52%
	2	0	1	-0	0	0	-2	4	1
Interest	4	4	4	4	5	5	5	5	5
Depreciation	9	9	9	10	10	10	10	10	10
Profit before Tax	5	4	1	2	7	6	-3	10	9
Tax %	25.05%	29.44%	-20.00%	38.18%	27.37%	26.33%	20.85%	13.18%	23.39%
Net Profit	4	3	1	1	5	4	-3	9	7
	2.26	1.62	0.73	0.59	2.76	2.43	-1.52	5.17	4.14

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2025	TTM
	345	386	439	460	561	701
	299	340	393	411	500	639
Operating Profit	46	46	46	49	62	62
OPM %	13.44%	11.86%	10.51%	10.59%	10.96%	8.85%
	1	1	2	1	3	4
Interest	12	18	18	17	16	19
Depreciation	13	15	17	18	36	40
Profit before Tax	22	14	13	13	12	22
Tax %	28.25%	25.06%	17.86%	39.98%	24.43%	19.76%
Net Profit	16	10	10	8	9	18
EPS	0.00	0.00	0.00	0.00	5.20	—
Dividend Payout %	14.62%	19.82%	23.33%	18.67%	19.22%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: -6%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 9%
3 Years:: 13%
1 Year:: 66%

RETURN ON EQUITY

10 Years:: —
5 Years:: 12%
3 Years:: 8%
Last Year:: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2025
Equity Capital	13	13	13	13	17
Minority Interest	28	28	29	31	0
	66	75	81	86	254
	82	104	89	77	102
Trade Payables	17	14	17	20	26
	35	31	35	39	119
Total Liabilities	242	265	264	267	518
	113	127	147	135	288
Capital Work in Progress	7	6	1	1	13
	0	0	0	0	1
	42	38	27	34	51
	0	0	0	0	55
Cash & Bank	6	9	6	3	2
	74	85	82	93	107
Total Assets	242	265	264	267	518

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2025
	28	38	61	34	48
Cash from Investing	-37	-33	-26	-6	-62
Cash from Financing	16	3	-34	-27	14
	-0	3	-2	-3	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2025

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
74.43	74.43	74.43	74.43	74.43	74.43	74.43	74.43	74.43
0.12	0.15	0.14	0.12	0.12	0.15	0.00	0.00	0.00
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09
0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
25.43	25.40	25.40	25.43	25.43	25.39	25.55	25.55	25.45

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

General Updates

2026-09-08 - Hitech Corporation Limited has informed the Exchange about Update on Delisting

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Hitech Corporation Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

General Updates

2026-09-02 - Hitech Corporation Limited has informed the Exchange about Letter to Shareholders.

2026-09-02

Shareholders meeting

2026-09-02 - Hitech Corporation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Hitech Corporation Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-31

Updates

2026-08-31 - Hitech Corporation Limited has informed the Exchange regarding the Date of payment of Dividend

2026-08-31

General Updates

2026-08-31 - Hitech Corporation Limited has informed the Exchange about Intimation 35th Annual General Meeting

2026-08-31

Record Date

2026-08-31 - Hitech Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Sep-2026.

2026-08-18

Copy of Newspaper Publication

2026-08-18 - Hitech Corporation Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for HITECHCORP

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