Hitech Corporation Ltd.

331.50.41%

2026-08-21

hitechcorporation.coBSE: 526217NSE: HITECHCORP
Market Cap₹ 563 Cr.
Current Price₹ 330
High / Low₹ 338 / 112
Stock P/E32.1
Book Value₹ 170
Price to Book1.15
Dividend Yield0.31 %
ROCE9.7 %
ROE4.8 %
Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Plastic Containers: 100.0%

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

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.SUPREMEIND3610.5044.4245863.051.00280.7238.762717.664.1621.4917.33
2.ASTRAL1539.0071.8441345.260.26120.2051.771578.0015.9319.9514.65
3.GRWRHITECH7048.1542.2216374.540.17132.6559.78633.0827.9020.4127.17
4.SHAILY3367.7587.6115490.050.0948.0116.75280.6713.7719.5529.59
5.FINPIPE158.2015.959815.941.74114.5216.67883.58-15.3017.4012.09
6.TIMETECHNO190.9019.249423.500.791178.601120.7116927.101151.4018.1613.25
7.KINGFA5772.150.007822.060.0080.21101.58688.5749.0630.7016.12
8.RESPONIND156.7041.244177.760.062.74-94.51192.87-43.0610.7612.09
9.POLYPLEX1174.3523.743686.570.26171.07386.022253.6229.621.5113.15
10.PRINCEPIPE283.050.003129.430.35337.496900.416094.18949.973.9212.66
11.NILKAMAL2030.7024.313030.320.9824.4059.20819.73-7.1810.769.44
12.HITECHCORP327.5032.05562.500.317.1149.73225.6736.849.6910.20
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2024
143
126
Operating Profit
OPM %
Other Income
1
Interest
4
Depreciation
9
5
Tax %
25.05%
Net Profit
4
2
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
147
130
Operating Profit
OPM %
Other Income
0
Interest
4
Depreciation
9
4
Tax %
29.44%
Net Profit
3
2
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
123
110
Operating Profit
OPM %
Other Income
1
Interest
4
Depreciation
9
1
Tax %
-20.00%
Net Profit
1
1
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
149
134
Operating Profit
OPM %
Other Income
1
Interest
4
Depreciation
10
2
Tax %
38.18%
Net Profit
1
1
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
165
144
Operating Profit
OPM %
Other Income
0
Interest
5
Depreciation
10
7
Tax %
27.37%
Net Profit
5
3
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
164
144
Operating Profit
OPM %
Other Income
0
Interest
5
Depreciation
10
6
Tax %
26.33%
Net Profit
4
2
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
145
132
Operating Profit
OPM %
Other Income
0
Interest
5
Depreciation
10
-3
Tax %
20.85%
Net Profit
-3
-2
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
166
145
Operating Profit
OPM %
Other Income
3
Interest
5
Depreciation
10
10
Tax %
13.18%
Net Profit
9
5
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
226
218
Operating Profit
OPM %
Other Income
1
Interest
5
Depreciation
10
9
Tax %
23.39%
Net Profit
7
0
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011
345
299
Operating Profit
48
OPM %
14
Other Income
1
Interest
12
Depreciation
13
22
Tax %
28
Net Profit
16
EPS
0
Dividend Payout %
15
Minority Interest
-2
Share of Associates
0
Adjusted EPS
11
Minority Interest
-2
Share of Associates
0
Adjusted EPS
11
Mar 2012
386
340
Operating Profit
47
OPM %
12
Other Income
1
Interest
18
Depreciation
15
14
Tax %
25
Net Profit
10
EPS
0
Dividend Payout %
20
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
Mar 2013
439
393
Operating Profit
48
OPM %
11
Other Income
2
Interest
18
Depreciation
17
13
Tax %
18
Net Profit
10
EPS
0
Dividend Payout %
23
Minority Interest
-1
Share of Associates
0
Adjusted EPS
7
Minority Interest
-1
Share of Associates
0
Adjusted EPS
7
Mar 2014
460
411
Operating Profit
49
OPM %
11
Other Income
1
Interest
17
Depreciation
18
13
Tax %
40
Net Profit
8
EPS
0
Dividend Payout %
19
Minority Interest
-2
Share of Associates
0
Adjusted EPS
5
Minority Interest
-2
Share of Associates
0
Adjusted EPS
5
Mar 2025
561
500
Operating Profit
65
OPM %
12
Other Income
4
Interest
16
Depreciation
36
12
Tax %
24
Net Profit
9
EPS
5
Dividend Payout %
19
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
TTM
701
639
Operating Profit
OPM %
Other Income
5
Interest
19
Depreciation
40
22
Tax %
20
Net Profit
18
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

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:
10%
3 Years:
12%
1 Year:
59%

RETURN ON EQUITY

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

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

May 20

₹ 0.10

Rs.1.0000 per share(10%)Dividend

Mar 2011
Equity Capital
13
66
60
Trade Payables
17
84
Total Liabilities
242
113
Capital Work in Progress
7
0
42
0
Cash & Bank
6
74
Total Assets
242
Total Debt
96
Net Working Capital
10
Contingent Liabilities
88
Book Value per Share
60.47
Face Value
10.00
Total Debt
96
Net Working Capital
10
Contingent Liabilities
88
Book Value per Share
60.47
Face Value
10.00
Mar 2012
Equity Capital
13
75
68
Trade Payables
14
95
Total Liabilities
265
127
Capital Work in Progress
6
0
38
0
Cash & Bank
9
85
Total Assets
265
Total Debt
118
Net Working Capital
13
Contingent Liabilities
88
Book Value per Share
66.82
Face Value
10.00
Total Debt
118
Net Working Capital
13
Contingent Liabilities
88
Book Value per Share
66.82
Face Value
10.00
Mar 2013
Equity Capital
13
81
48
Trade Payables
17
105
Total Liabilities
264
147
Capital Work in Progress
1
0
27
0
Cash & Bank
6
82
Total Assets
264
Total Debt
105
Net Working Capital
18
Contingent Liabilities
60
Book Value per Share
71.81
Face Value
10.00
Total Debt
105
Net Working Capital
18
Contingent Liabilities
60
Book Value per Share
71.81
Face Value
10.00
Mar 2014
Equity Capital
13
86
48
Trade Payables
20
99
Total Liabilities
267
135
Capital Work in Progress
1
0
34
0
Cash & Bank
3
93
Total Assets
267
Total Debt
97
Net Working Capital
23
Contingent Liabilities
65
Book Value per Share
75.57
Face Value
10.00
Total Debt
97
Net Working Capital
23
Contingent Liabilities
65
Book Value per Share
75.57
Face Value
10.00
Mar 2025
Equity Capital
17
254
52
Trade Payables
26
169
Total Liabilities
518
288
Capital Work in Progress
13
1
51
55
Cash & Bank
2
107
Total Assets
518
Total Debt
110
Net Working Capital
-1
Contingent Liabilities
85
Book Value per Share
157.60
Face Value
10.00
Total Debt
110
Net Working Capital
-1
Contingent Liabilities
85
Book Value per Share
157.60
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011
21
Cash from Investing
-37
Cash from Financing
16
-0
Free Cash Flow
21
OCF / Net Profit
1.29
Cumulative 5-Year FCF
0
OCF / Net Profit
1.29
Cumulative 5-Year FCF
0
Mar 2012
33
Cash from Investing
-33
Cash from Financing
3
3
Free Cash Flow
5
OCF / Net Profit
3.20
Cumulative 5-Year FCF
0
OCF / Net Profit
3.20
Cumulative 5-Year FCF
0
Mar 2013
58
Cash from Investing
-26
Cash from Financing
-34
-2
Free Cash Flow
26
OCF / Net Profit
5.55
Cumulative 5-Year FCF
0
OCF / Net Profit
5.55
Cumulative 5-Year FCF
0
Mar 2014
30
Cash from Investing
-6
Cash from Financing
-27
-3
Free Cash Flow
25
OCF / Net Profit
3.67
Cumulative 5-Year FCF
0
OCF / Net Profit
3.67
Cumulative 5-Year FCF
0
Mar 2025
48
Cash from Investing
-62
Cash from Financing
14
0
Free Cash Flow
-205
OCF / Net Profit
5.38
Cumulative 5-Year FCF
0
OCF / Net Profit
5.38
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011
EPS (₹)
10.94
Book Value (₹)
60.47
Dividend per Share (₹)
1.60
Cash EPS (₹)
21.82
Operating Margin %
12.67%
Net Margin %
4.30%
ROE %
21.90%
ROCE %
22.27%
7.19%
Debtor Days
51
Inventory Days
34
Payable Days
28
57
Debt to Equity (x)
1.21x
Interest Coverage (x)
2.81x
1.10x
Revenue Growth %
31.67%
Operating Profit Growth %
14.16%
Net Profit Growth %
2.50%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2012
EPS (₹)
8.07
Book Value (₹)
66.82
Dividend per Share (₹)
1.60
Cash EPS (₹)
19.57
Operating Margin %
11.22%
Net Margin %
2.48%
ROE %
12.41%
ROCE %
16.43%
4.11%
Debtor Days
52
Inventory Days
35
Payable Days
25
62
Debt to Equity (x)
1.34x
Interest Coverage (x)
1.79x
1.12x
Revenue Growth %
11.81%
Operating Profit Growth %
-1.08%
Net Profit Growth %
-35.46%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2013
EPS (₹)
6.86
Book Value (₹)
71.81
Dividend per Share (₹)
1.60
Cash EPS (₹)
21.00
Operating Margin %
9.97%
Net Margin %
2.15%
ROE %
11.37%
ROCE %
15.27%
3.92%
Debtor Days
47
Inventory Days
25
Payable Days
21
51
Debt to Equity (x)
1.11x
Interest Coverage (x)
1.69x
1.19x
Revenue Growth %
13.97%
Operating Profit Growth %
2.69%
Net Profit Growth %
-0.25%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2014
EPS (₹)
4.82
Book Value (₹)
75.57
Dividend per Share (₹)
0.90
Cash EPS (₹)
20.13
Operating Margin %
9.76%
Net Margin %
1.60%
ROE %
8.33%
ROCE %
15.63%
3.05%
Debtor Days
48
Inventory Days
22
Payable Days
23
47
Debt to Equity (x)
0.98x
Interest Coverage (x)
1.77x
1.23x
Revenue Growth %
4.58%
Operating Profit Growth %
2.34%
Net Profit Growth %
-22.07%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2025
EPS (₹)
5.20
Book Value (₹)
157.60
Dividend per Share (₹)
1.00
Cash EPS (₹)
26.43
Operating Margin %
10.96%
Net Margin %
1.59%
ROE %
4.83%
ROCE %
9.69%
2.28%
Debtor Days
41
Inventory Days
28
Payable Days
25
45
Debt to Equity (x)
0.41x
Interest Coverage (x)
1.73x
0.99x
Revenue Growth %
22.15%
Operating Profit Growth %
32.07%
Net Profit Growth %
10.47%
7.94%
P/E (x)
34.79x
P/B (x)
1.15x
Dividend Yield %
0.55%
6.41x

Shareholding Pattern

Numbers in percentages

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

Documents

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Concalls

Nothing filed yet.