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The Hi-Tech Gears Ltd.

•
hitechgears.comBSE: 522073NSE: HITECHGEAR
Market Cap₹ 1,068 Cr.
Current Price
High / Low₹ 897 / 521
Stock P/E54.1
Book Value₹ 280
Price to Book1.95
Dividend Yield0.70 %
ROCE8.4 %
ROE4.2 %
Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence
74%
View full sector analysis →

PROS

  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.01x)
  • Company has been maintaining a healthy dividend payout of 35.9%
  • Company generates healthy free cash flow
  • Company has a consistent dividend-paying track record
  • Company maintains a comfortable, low leverage position

CONS

  • Recent results are weak - TTM profit is down 37.2% versus prior year
  • A large part of profit comes from other income (43.2% of PBT)
  • Receivables are growing faster than sales - a possible quality concern
  • Company has delivered a poor profit growth of -6.1% over past five years
  • Valuation is stretched - P/E of 54.1 is well above its own 5-year median (28.2)
  • Company has delivered a poor sales growth of 4.0% over past five years

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

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.Name
1.MOTHERSON164.3039.59173409.490.371075.6677.4835243.7717.7013.638.86
2.BOSCHLTD48388.7560.40142727.940.56706.10-36.745841.9022.0025.6014.08
3.UNOMINDA1202.4057.7569434.660.22315.512.105556.8523.7920.7411.14
4.TIINDIA2607.2583.2150469.140.13293.96-3.046215.3320.2027.338.81
5.SONACOMS788.9570.7649240.610.43178.5146.671301.2052.3814.7522.55
6.ENDURANCE2696.7539.1137933.250.43244.528.034314.8930.0118.3312.42
7.CRAFTSMAN11663.7565.6130505.880.10150.55116.312431.5836.3014.6515.81
8.ZFCVINDIA2548.9058.1029007.880.031044.78753.7510661.76992.8920.2312.93
9.SANSERA4130.2073.9725773.920.1087.3638.711021.2633.2714.2919.18
10.MSUMI36.3038.3724072.931.601453.20915.5134072.601273.4343.727.58
11.GABRIEL1345.4580.1123845.410.371081.26925.3514256.831055.0026.3711.71
12.HITECHGEAR567.4554.101067.940.704.76-20.67237.6912.858.3911.08
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
258278268281255241201210211235219224238
230248232246220211179182189213202203233
Operating Profit2829353535302229212217205
OPM %10.74%10.47%13.25%12.32%13.86%12.36%10.98%13.59%10.08%9.46%7.98%9.07%2.16%
37823223452341
Interest91487665444444
Depreciation15151516161616161617181617
Profit before Tax12852021211591711103106
Tax %24.33%14.74%24.46%15.86%33.22%38.21%21.66%43.65%42.91%37.29%72.84%19.20%25.49%
Net Profit0000141071066185
4.9538.487.959.497.585.093.665.173.193.200.464.322.53

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
4717499147227469711,1691,107927908916
4156548006386568891,028957791807850
Operating Profit569511384908214115013610165
OPM %11.94%12.64%12.39%11.59%12.06%8.42%12.09%13.55%14.66%11.13%7.11%
7201711108887121411
Interest424293323263338211515
Depreciation2639424343528261636768
Profit before Tax33525919341134138633329
Tax %38.18%33.53%39.21%56.40%15.36%110.10%31.90%17.17%35.69%36.97%32.29%
Net Profit203436829-123114402120
EPS10.7318.2518.964.4115.34-0.5912.3060.8421.4811.15—
Dividend Payout %23.30%19.18%18.46%34.02%13.04%-255.45%20.30%8.22%23.28%35.87%—

COMPOUNDED SALES GROWTH

10 Years:
—
5 Years:
4%
3 Years:
-8%

COMPOUNDED PROFIT GROWTH

10 Years:
—
5 Years:
-6%
3 Years:
-3%

STOCK PRICE CAGR

10 Years:
7%
5 Years:
15%
3 Years:
13%
1 Year:
-17%

RETURN ON EQUITY

10 Years:
11%
5 Years:
9%
3 Years:
14%
Last Year:
4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Sep 15

₹ 0.40

Rs.4.0000 per share(40%)Final Dividend

2025

Sep 19

₹ 0.50

Rs.5.0000 per share(50%)Final Dividend

2024

Sep 19

₹ 0.50

Rs.5.0000 per share(50%)Final Dividend

2023

Sep 21

₹ 0.25

Rs.2.5000 per share(25%)Final Dividend

2022

Sep 21

₹ 0.15

Rs.1.5000 per share(15%)Final Dividend

2021

Sep 21

₹ 0.20

Rs.2.0000 per share(20%)Final Dividend

2020

Feb 18

₹ 0.15

Rs.1.5000 per share(15%)Interim Dividend

2019

Sep 19

₹ 0.20

Rs.2.0000 per share(20%)Final Dividend

2019

Feb 14

₹ 0.15

Rs.1.5000 per share(15%)Interim Dividend

2018

Sep 19

₹ 0.20

Rs.2.0000 per share(20%)Final Dividend

2018

Feb 15

₹ 0.15

Rs.1.5000 per share(15%)Interim Dividend

2017

Sep 21

Rs.1.2500 per share(12.5%)Final Dividend

2017

Feb 22

Rs.1.2500 per share(12.5%)Interim Dividend

2016

Sep 15

₹ 0.15

Rs.1.5000 per share(15%)Final Dividend

2016

Feb 25

₹ 0.15

Rs.1.5000 per share(15%)Interim Dividend

2015

Sep 21

₹ 0.15

Rs.1.5000 per share(15%)Final Dividend

2026

Aug 13

₹ 0.40

Rs.4.0000 per share(40%)Final Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital19191919191919191919
183222253257302312335447464503
322347404302374414373260177163
Trade Payables5776979411214312110884101
111100111139115114149937765
Total Liabilities6927648848129221,002996926821851
403423444446468528496462445436
Capital Work in Progress11131934713813417
00481012121211
56671078591116123124125141
0000000200153173
Cash & Bank70415970778780543635
151219251169205221272705958
Total Assets6927648848129221,002996926821851

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
68376119251707511714986
Cash from Investing-119-72-85-40-51-56-41143-1-34
Cash from Financing261860-1512511-41-280-150-57
-40-3922-71210-27-19-3-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
56.2356.2356.2356.1856.1856.1856.1856.1256.12
0.010.000.000.010.000.000.000.000.00
DIIs0.000.000.000.000.000.000.000.000.00
0.020.020.020.020.020.020.020.020.02
43.7543.7543.7543.7943.8043.8043.8043.8643.86

Documents

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

2026-08-29
Resignation of Director/KMP/SMP

2026-08-29 - The Hi-Tech Gears Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-29
Resignation of Director/KMP/SMP

2026-08-29 - The Hi-Tech Gears Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-29
Resignation

2026-08-29 - The Hi-Tech Gears Limited has informed the Exchange regarding Resignation of Mr. Naveen Jain as Company Secretary & Compliance Officer of the company w.e.f. August 29, 2026.

2026-08-29
Cessation

2026-08-29 - The Hi-Tech Gears Limited has informed the Exchange regarding Cessation of Mr Naveen Jain as Company Secretary & Compliance Officer of the company w.e.f. August 29, 2026.

2026-08-22
Copy of Newspaper Publication

2026-08-22 - The Hi-Tech Gears Limited has informed the Exchange about Copy of Newspaper Publication regarding 40th AGM Notice and E-voting Information

2026-08-21
Shareholders meeting

2026-08-21 - The Hi-Tech Gears Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026

2026-08-20
Corporate Insolvency Resolution Process

2026-08-20 - The Hi-Tech Gears Limited has informed the Exchange about Corporate Insolvency Resolution Process

2026-08-19
Copy of Newspaper Publication

2026-08-19 - The Hi-Tech Gears Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12
Record Date

2026-08-12 - The Hi-Tech Gears Limited has informed the Exchange that, in continuation to our letter dated August 06, 2026, the Record date for the purpose of Dividend is 15-Sep-2026.

News

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