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Hitech Corporation Ltd.

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hitechcorporation.coBSE: 526217NSE: HITECHCORP
Market Cap₹ 569 Cr.
Current Price
High / Low₹ 345 / 112
Stock P/E52.6
Book Value₹ 164
Price to Book1.15
Dividend Yield0.30 %
ROCE7.4 %
ROE3.0 %
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%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 27.6% CAGR over last 5 years
  • Latest quarter profit grew 81.8% YoY, showing strong momentum
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.93x)
  • Working capital cycle has improved - days down from 7 to -5
  • Company generates healthy free cash flow
  • Company has a consistent dividend-paying track record

CONS

  • A large part of profit comes from other income (35.2% of PBT)
  • Company has a low return on equity of 8.0% over last 3 years
  • Interest coverage is weak at 1.6x - earnings barely cover interest
  • Total debt has risen sharply - up 50.5% year on year
  • Company has delivered a poor sales growth of 3.6% over past five years
  • Recurring exceptional / one-off items are inflating headline profit

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

Peer comparison

Capital GoodsPlastic ProductsPlastic Products
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.Name
1.SUPREMEIND3509.5043.1844580.081.03280.7238.762717.664.1621.4917.33
2.ASTRAL1471.1568.6739522.470.27120.2051.771578.0015.9319.9514.65
3.SHAILY3445.3589.6315846.970.0948.0116.75280.6713.7729.4629.59
4.GRWRHITECH6755.7540.4715695.220.18132.6559.78633.0827.9018.0827.17
5.FINPIPE156.7015.809722.871.75114.5216.67883.58-15.3012.7312.09
6.TIMETECHNO185.9518.749179.150.811178.601120.7116927.101151.4017.3713.25
7.KINGFA6167.5537.038357.880.0080.21101.58688.5749.0630.7016.12
8.RESPONIND169.6544.654523.010.062.74-94.51192.87-43.0610.7612.09
9.POLYPLEX1139.3523.033576.700.26171.07386.022253.6229.621.5113.15
10.PRINCEPIPE280.9530.423106.210.36337.496900.416094.18949.976.2012.66
11.NILKAMAL2054.3024.593065.530.9724.4059.20819.73-7.1810.769.44
12.HITECHCORP331.1032.41568.690.307.1149.73225.6736.849.6910.20
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
150143129139143147123137153148132152211
130126116119126130110124135132120133204
Operating Profit2118142016171313181611197
OPM %13.71%12.31%10.55%14.46%11.44%11.54%10.75%9.69%11.80%10.82%8.72%12.22%3.25%
0011201-000-221
Interest4434444445455
Depreciation778899999991010
Profit before Tax10749541-052-478
Tax %25.22%25.58%27.92%28.76%24.30%28.36%-17.07%-23.53%26.41%24.12%23.83%6.31%22.73%
Net Profit8537431-032-366
4.473.001.473.872.361.700.83-0.241.980.88-1.903.713.60

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
393367388462460447588559562549642
347332351411401383503488491490589
Operating Profit4635375159648671716053
OPM %11.59%9.50%9.56%10.96%12.80%14.33%14.56%12.70%12.59%10.84%8.23%
11616-27119332
Interest119142024191614141619
Depreciation1613182130303029303638
Profit before Tax201412264225037301013
Tax %30.28%31.32%35.48%35.87%34.18%24.08%25.78%24.18%26.71%22.64%13.64%
Net Profit149816217372822811
EPS0.000.000.000.000.009.8721.7716.4912.814.65—
Dividend Payout %11.47%16.52%19.91%9.42%0.00%10.13%4.59%6.06%7.81%21.52%—

COMPOUNDED SALES GROWTH

10 Years:
2%
5 Years:
4%
3 Years:
-2%

COMPOUNDED PROFIT GROWTH

10 Years:
2%
5 Years:
28%
3 Years:
-40%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:
9%
5 Years:
10%
3 Years:
8%
Last Year:
3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Sep 4

₹ 0.10

Rs.1.0000 per share(10%)Dividend

2025

Jul 18

₹ 0.10

Rs.1.0000 per share(10%)Final Dividend

2024

Jul 19

₹ 0.10

Rs.1.0000 per share(10%)Final Dividend

2023

Jun 30

₹ 0.10

Rs.1.0000 per share(10%)Final Dividend

2022

Jul 7

₹ 0.10

Rs.1.0000 per share(10%)Dividend

2021

Jul 20

₹ 0.10

Rs.1.0000 per share(10%)Dividend

2018

Jul 6

₹ 0.09

Rs.0.9000 per share(9%)Dividend

2017

Jul 25

₹ 0.09

Rs.0.9000 per share(9%)Dividend

2016

Sep 14

₹ 0.09

Rs.0.9000 per share(9%)Dividend

2015

Dec 21

₹ 0.09

Rs.0.9000 per share(9%)Dividend

2026

Sep 1

₹ 0.10

Rs.1.0000 per share(10%)Dividend

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
17171717171717171717
118127133147148165200226246253
36105153172161147986265100
Trade Payables14282116161820171922
47273151432295103134116
Total Liabilities234303355404386369429425481508
97139156234275243238221250266
Capital Work in Progress28443923261513
00011800129
30333740353944374249
000000004245
Cash & Bank2131111310
103122115897275145157130106
Total Assets234303355404386369429425481508

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
48434692587088805547
Cash from Investing-7-63-80-84-25-9-6-16-48-64
Cash from Financing-352741-6-31-52-65-52-816
-113-51422-2-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.4374.4374.4374.4374.4374.4374.4374.4374.43
0.120.150.140.120.120.150.000.000.00
0.000.000.000.000.000.000.000.000.09
0.020.020.020.020.020.020.020.020.02
25.4325.4025.4025.4325.4325.3925.5525.5525.45

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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