The Hi-Tech Gears Ltd.
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ABOUT
AI Sector View
AI GENERATEDAutomobile and Auto Components
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.
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.76x)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
- Company comfortably covers its interest (6.7x coverage)
CONS
- Recent results are weak - TTM profit is down 28.6% versus prior year
- A large part of profit comes from other income (31.0% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of 9.7% over last 3 years
- Company has delivered a poor profit growth of -2.4% over past five years
- Company has delivered a poor sales growth of 5.0% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSON | 163.80 | 39.47 | 172881.77 | 0.37 | 1075.66 | 77.48 | 35243.77 | 17.70 | 13.63 | 8.86 |
| BOSCHLTD | 48900.00 | 61.03 | 144235.93 | 0.55 | 706.10 | -36.74 | 5841.90 | 22.00 | 25.60 | 14.08 |
| UNOMINDA | 1230.45 | 59.10 | 71054.45 | 0.22 | 315.51 | 2.10 | 5556.85 | 23.79 | 20.74 | 11.14 |
| TIINDIA | 2685.25 | 85.70 | 51979.01 | 0.13 | 293.96 | -3.04 | 6215.33 | 20.20 | 27.33 | 8.81 |
| SONACOMS | 800.45 | 71.79 | 49958.36 | 0.42 | 178.51 | 46.67 | 1301.20 | 52.38 | 14.75 | 22.55 |
| ENDURANCE | 2754.35 | 39.95 | 38743.47 | 0.42 | 244.52 | 8.03 | 4314.89 | 30.01 | 18.33 | 12.42 |
| CRAFTSMAN | 11855.90 | 66.69 | 31008.43 | 0.09 | 150.55 | 116.31 | 2431.58 | 36.30 | 14.65 | 15.81 |
| ZFCVINDIA | 2471.00 | 56.33 | 28121.34 | 0.03 | 1044.78 | 753.75 | 10661.76 | 992.89 | 20.23 | 12.93 |
| SANSERA | 4133.05 | 74.02 | 25791.71 | 0.10 | 87.36 | 38.71 | 1021.26 | 33.27 | 14.29 | 19.18 |
| MSUMI | 36.71 | 38.80 | 24344.83 | 1.58 | 1453.20 | 915.51 | 34072.60 | 1273.43 | 43.72 | 7.58 |
| GABRIEL | 1361.00 | 81.04 | 24121.01 | 0.37 | 1081.26 | 925.35 | 14256.83 | 1055.00 | 26.37 | 11.71 |
| HITECHGEAR | 578.85 | 55.19 | 1089.40 | 0.69 | 4.76 | -20.67 | 237.69 | 12.85 | 8.39 | 11.08 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 175 | 198 | 189 | 197 | 174 | 168 | 141 | 155 | 155 | 169 | 156 | 169 | 170 | |
| 157 | 178 | 165 | 176 | 152 | 148 | 127 | 135 | 139 | 154 | 144 | 155 | 163 | |
| Operating Profit | 19 | 20 | 24 | 22 | 23 | 20 | 14 | 20 | 15 | 15 | 12 | 14 | 7 |
| OPM % | 10.67% | 10.08% | 12.77% | 10.92% | 13.00% | 12.17% | 9.99% | 13.12% | 9.76% | 8.67% | 7.79% | 8.26% | 4.22% |
| 3 | 1 | 2 | 4 | 2 | 2 | 3 | 5 | 4 | 2 | 3 | 5 | 1 | |
| Interest | 5 | 5 | 5 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 |
| Profit before Tax | 14 | 14 | 18 | 20 | 19 | 16 | 10 | 18 | 13 | 11 | 8 | 12 | 9 |
| Tax % | 24.14% | 27.24% | 28.16% | 17.46% | 23.48% | 23.20% | 28.72% | 27.63% | 27.21% | 30.55% | 27.90% | 18.73% | 26.90% |
| Net Profit | 10 | 10 | 13 | 16 | 14 | 12 | 7 | 13 | 9 | 8 | 6 | 10 | 6 |
| 5.49 | 5.37 | 6.75 | 8.64 | 7.65 | 6.49 | 3.98 | 7.11 | 5.00 | 4.25 | 3.08 | 5.26 | 3.32 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 448 | 527 | 647 | 509 | 522 | 645 | 782 | 780 | 658 | 667 | 664 | |
| 394 | 457 | 565 | 451 | 440 | 550 | 673 | 675 | 561 | 593 | 616 | |
| Operating Profit | 55 | 71 | 82 | 58 | 82 | 95 | 109 | 105 | 96 | 74 | 48 |
| OPM % | 12.20% | 13.38% | 12.73% | 11.42% | 15.78% | 14.71% | 13.98% | 13.49% | 14.63% | 11.09% | 7.22% |
| 6 | 13 | 16 | 6 | 10 | 7 | 9 | 9 | 12 | 14 | 11 | |
| Interest | 3 | 9 | 18 | 22 | 18 | 18 | 17 | 18 | 12 | 8 | 8 |
| Depreciation | 25 | 26 | 27 | 27 | 25 | 30 | 32 | 32 | 33 | 35 | 36 |
| Profit before Tax | 33 | 48 | 53 | 15 | 50 | 54 | 69 | 65 | 64 | 45 | 40 |
| Tax % | 35.92% | 34.05% | 33.20% | 49.41% | 24.88% | 28.22% | 27.46% | 23.88% | 25.47% | 25.88% | 25.67% |
| Net Profit | 21 | 32 | 35 | 8 | 37 | 39 | 50 | 49 | 47 | 33 | 30 |
| EPS | 11.12 | 17.00 | 18.91 | 4.13 | 19.87 | 20.52 | 26.79 | 26.24 | 25.21 | 17.57 | — |
| Dividend Payout % | 22.48% | 20.58% | 18.51% | 36.36% | 10.07% | 7.31% | 9.32% | 19.06% | 19.83% | 22.77% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- 5%
- 3 Years:
- -5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 5%
- 5 Years:
- -2%
- 3 Years:
- -13%
STOCK PRICE CAGR
- 10 Years:
- 7%
- 5 Years:
- 15%
- 3 Years:
- 13%
- 1 Year:
- -14%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 11%
- 3 Years:
- 10%
- Last Year:
- 7%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| 196 | 222 | 249 | 248 | 289 | 331 | 378 | 424 | 451 | 477 | |
| 128 | 183 | 238 | 162 | 152 | 153 | 137 | 126 | 102 | 95 | |
| Trade Payables | 38 | 55 | 63 | 68 | 76 | 103 | 84 | 79 | 62 | 74 |
| 53 | 72 | 80 | 104 | 119 | 133 | 129 | 72 | 54 | 39 | |
| Total Liabilities | 433 | 550 | 649 | 600 | 655 | 739 | 747 | 719 | 687 | 703 |
| 171 | 169 | 175 | 198 | 205 | 222 | 211 | 213 | 233 | 224 | |
| Capital Work in Progress | 3 | 2 | 14 | 12 | 25 | 16 | 13 | 3 | 1 | 4 |
| 102 | 154 | 158 | 163 | 164 | 167 | 167 | 166 | 155 | 155 | |
| 35 | 46 | 74 | 56 | 57 | 79 | 79 | 85 | 93 | 100 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142 | 116 | 136 | |
| Cash & Bank | 14 | 24 | 42 | 45 | 60 | 51 | 59 | 46 | 31 | 29 |
| 109 | 155 | 186 | 127 | 144 | 204 | 219 | 63 | 59 | 55 | |
| Total Assets | 433 | 550 | 649 | 600 | 655 | 739 | 747 | 719 | 687 | 703 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 50 | 63 | 54 | 151 | 72 | 68 | 74 | 85 | 88 | 55 | |
| Cash from Investing | -119 | -88 | -63 | -51 | -15 | -43 | -35 | -14 | -3 | -31 |
| Cash from Financing | 75 | 43 | 48 | -108 | -23 | -18 | -31 | -78 | -84 | -31 |
| -7 | 1 | 22 | -15 | 19 | -8 | -13 | -7 | 0 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-29 - The Hi-Tech Gears Limited has informed the Exchange about 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 - 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 - 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 - 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 - 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 - The Hi-Tech Gears Limited has informed the Exchange about Corporate Insolvency Resolution Process
2026-08-19 - The Hi-Tech Gears Limited has informed the Exchange about Copy of Newspaper Publication
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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The Hi-Tech Gears Ltd.
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