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The Hi-Tech Gears Ltd.

•
hitechgears.comBSE: 522073NSE: HITECHGEAR
Market Cap₹ 1,089 Cr.
Current Price
High / Low₹ 897 / 521
Stock P/E36.4
Book Value₹ 267
Price to Book2.05
Dividend Yield0.69 %
ROCE9.8 %
ROE6.8 %
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

  • 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

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.Name
1.MOTHERSON163.8039.47172881.770.371075.6677.4835243.7717.7013.638.86
2.BOSCHLTD48900.0061.03144235.930.55706.10-36.745841.9022.0025.6014.08
3.UNOMINDA1230.4559.1071054.450.22315.512.105556.8523.7920.7411.14
4.TIINDIA2685.2585.7051979.010.13293.96-3.046215.3320.2027.338.81
5.SONACOMS800.4571.7949958.360.42178.5146.671301.2052.3814.7522.55
6.ENDURANCE2754.3539.9538743.470.42244.528.034314.8930.0118.3312.42
7.CRAFTSMAN11855.9066.6931008.430.09150.55116.312431.5836.3014.6515.81
8.ZFCVINDIA2471.0056.3328121.340.031044.78753.7510661.76992.8920.2312.93
9.SANSERA4133.0574.0225791.710.1087.3638.711021.2633.2714.2919.18
10.MSUMI36.7138.8024344.831.581453.20915.5134072.601273.4343.727.58
11.GABRIEL1361.0081.0424121.010.371081.26925.3514256.831055.0026.3711.71
12.HITECHGEAR578.8555.191089.400.694.76-20.67237.6912.858.3911.08
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
175198189197174168141155155169156169170
157178165176152148127135139154144155163
Operating Profit1920242223201420151512147
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%
3124223542351
Interest5554433222222
Depreciation8888888899999
Profit before Tax141418201916101813118129
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 Profit101013161412713986106
5.495.376.758.647.656.493.987.115.004.253.085.263.32

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
448527647509522645782780658667664
394457565451440550673675561593616
Operating Profit557182588295109105967448
OPM %12.20%13.38%12.73%11.42%15.78%14.71%13.98%13.49%14.63%11.09%7.22%
61316610799121411
Interest391822181817181288
Depreciation2526272725303232333536
Profit before Tax3348531550546965644540
Tax %35.92%34.05%33.20%49.41%24.88%28.22%27.46%23.88%25.47%25.88%25.67%
Net Profit213235837395049473330
EPS11.1217.0018.914.1319.8720.5226.7926.2425.2117.57—
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

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
196222249248289331378424451477
12818323816215215313712610295
Trade Payables385563687610384796274
537280104119133129725439
Total Liabilities433550649600655739747719687703
171169175198205222211213233224
Capital Work in Progress321412251613314
102154158163164167167166155155
354674565779798593100
0000000142116136
Cash & Bank14244245605159463129
109155186127144204219635955
Total Assets433550649600655739747719687703

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
506354151726874858855
Cash from Investing-119-88-63-51-15-43-35-14-3-31
Cash from Financing754348-108-23-18-31-78-84-31
-7122-1519-8-13-70-6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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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