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The Hi-Tech Gears Ltd share price logo

The Hi-Tech Gears Ltd

(HITECHGEAR)

₹828.252.59%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

The Hi-Tech Gears Ltd Performance

  • Day's Low

    Day's High

    ₹819.9
    Day's Price Range
    ₹849.9
  • 52 Week's Low

    52 Week's High

    ₹398.6
    52-Week Price Range
    ₹1,280.45
1 Month Return+ 12.67 %
3 Month Return-5.23 %
1 Year Return+ 83.87 %
Previous Close₹850.30
Open₹849.90
Volume2,659.00
Upper Circuit-
Lower Circuit-
Market Cap₹1,613.23Cr

The Hi-Tech Gears Ltd Key Statistics

P/E Ratio28.24
PEG Ratio-1.2
Market Cap₹1,613.23 Cr
P/B Ratio3.26
EPS60.84
Dividend Yield0.65
SectorAuto Ancillaries
ROE11.72

The Hi-Tech Gears Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹1,613.23 Cr87.56%0.63₹114 Cr₹1,106 Cr
BUY₹3,962.84 Cr22.1%0.58₹205 Cr₹2,426 Cr
NA₹941.99 Cr90.99%0.74NANA
BUY₹7,269.82 Cr63.27%0.51₹178 Cr₹3,402 Cr
NA₹270.80 Cr-6.81%0.80₹4 Cr₹40 Cr

About The Hi-Tech Gears Ltd

HiTech Gears (HTGL) was incorporated in 1986 and is based in Bhiwadi, Rajasthan. The company specialises in manufacturing automotive gears and shafts, primarily for Hero Honda Motors (HHML). The company has developed an array of additional equipment to serve the requirements of HHML and other clientele, such as Maruti Udyog, Shriram Honda Power Equipment and Escorts. It has been granted QS9000 accreditation by Underwriters Laboratories and is in possession of an ISO 9000 Certificate to stay compliant with innovative quality standards that are becoming standardised all over the world. Additionally, HTGL has tied up with Kyushu Musashi, a subsidiary of the Honda Motors in Japan, to manufacture forgings that are used as raw material for transmission gears and shafts. This specialised technology is the first of its kind to be transferred outside of the Honda Group. The company is looking to expand its reach by introducing eengineering services, as a separate entity, to offer product and process life cycle management, training and consulting services. It is also working hard to scale its business in the export market, with suppliers spread across Cummins Worldwide, Germany and the UK. Nevertheless, the company expects to experience a positive progression within the domestic sector, particularly with HHML, its largest client.

Share Price: ₹828.25 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹1,613.23Cr as of today
Revenue: ₹240.99Cr as on September 2024 (Q3 24)
Net Profit: ₹9.54Cr as on September 2024 (Q3 24)
Listing date: 24 Feb, 1997
Chairperson Name: Deep Kapuria
OrganisationThe Hi-Tech Gears Ltd
HeadquartersGurgaon
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Key events for The Hi-Tech Gears Ltd

  • Hi-Tech Gears' Earnings May Not Reflect Underlying Profitability - 06 Jun, 2024

    Investors may be concerned about Hi-Tech Gears' earnings report, as the significant positive unusual item could give an overly positive impression of the company's underlying profitability.
  • Hi-Tech Gears' Debt Reduction and EBIT Growth Boosts Shareholder Returns - 31 May, 2024

    Hi-Tech Gears reduced its debt from ₹4.33b to ₹1.95b in a year, with net debt of about ₹1.41b offset by ₹538.4m cash. The company's EBIT increased by 66% in the last twelve months, making it easier to manage its debt. While interest cover ratio is a concern, Hi-Tech Gears' sensible use of debt can enhance shareholder returns.
  • The Hi-Tech Gears Ltd Reports Increase in Net Profit and EPS - 30 May, 2024

    The Hi-Tech Gears Ltd reports a 7.1% increase in quarterly net profit at Rs. 17.83 crore, with an EPS of Rs. 9.49 in March 2024 from Rs. 8.87 in March 2023. The company's EBITDA stands at Rs. 44.21 crore in March 2024, up 29.57% YoY. The stock has given returns of 114.31% over the last 6 months and 270.15% over the last 12 months.

Insights on The Hi-Tech Gears Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, HITECHGEAR has outperformed top 5 stocks with highest market-cap in Auto, Truck & Motorcycle Parts

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, HITECHGEAR stock has moved up by 14.1%

  • imgNO EFFECT

    Retail Holding Unchanged

    img

    Retail Investor holdings remained unchanged at 43.75% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 294.3% return, outperforming this stock by 44.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 56.23% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 290.24 Cr → 248.3 Cr (in ₹), with an average decrease of 7.5% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.01% to 0.00% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 17.83 Cr → 9.54 Cr (in ₹), with an average decrease of 26.6% per quarter

The Hi-Tech Gears Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹277.56Cr (-)₹267.61Cr (↓3.58%)₹280.60Cr (↑4.85%)₹255.05Cr (↓9.11%)₹240.99Cr (↓5.51%)
Net Income₹72.22Cr (-)₹14.91Cr (↓79.35%)₹17.83Cr (↑19.58%)₹14.24Cr (↓20.13%)₹9.54Cr (↓33.01%)
Net Profit Margin26.02% (-)5.57% (↓78.59%)6.35% (↑14.00%)5.58% (↓12.13%)3.96% (↓29.03%)
Value in ₹ crore
Details2021202220232024
Total Assets₹647.69Cr (-)₹715.39Cr (↑10.45%)₹738.96Cr (↑3.29%)₹715.34Cr (↓3.20%)
Total Liabilities₹339.94Cr (-)₹366.11Cr (↑7.70%)₹341.34Cr (↓6.77%)₹272.27Cr (↓20.23%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹144.19Cr (-)₹57.52Cr (↓60.11%)₹53.18Cr (↓7.55%)₹53.20Cr (↑0.04%)₹85.16Cr (↑60.08%)

Index Inclusions

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

BSE Small-Cap

₹55,149.22

-2.11 (-1188.47%)

The Hi-Tech Gears Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
56.23%
0.00
Foreign Institutions
0%
-76.79
Mutual Funds
0%
0.00
Retail Investors
43.75%
0.01
Others
0.02%
-0.51

The Hi-Tech Gears Ltd Key Indicators

Details20202021202220232024
Return On Equity %2.8912.9811.7313.4811.72
Details20202021202220232024
Return On Assets %1.414.45-0.153.1315.97
Details20202021202220232024
Book Value Per Share (₹)147.18170.9176.23188.85248.24
Details20202021202220232024
Earning Per Share (₹)4.4115.34-0.5912.3260.84

The Hi-Tech Gears Ltd Valuation

The Hi-Tech Gears Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-436.86x)

April 4, 2022

Today (28.24x)

December 19, 2024

Industry (51.66x)

December 19, 2024

Highest (259.23x)

December 5, 2022

LowHigh

The Hi-Tech Gears Ltd Earnings and Dividends

  • The Hi-Tech Gears Ltd Earnings Results

    The Hi-Tech Gears Ltd’s net profit fell -86.79% since last year same period to ₹9.54Cr in the Q2 2024-2025. On a quarterly growth basis, The Hi-Tech Gears Ltd has generated -33.01% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • The Hi-Tech Gears Ltd Dividends May,2024

    In the quarter ending March 2024, The Hi-Tech Gears Ltd has declared dividend of ₹5 - translating a dividend yield of 0.91%.

    Read More about Dividends

The Hi-Tech Gears Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

The Hi-Tech Gears Ltd is currently in a Bearish trading position according to technical analysis indicators.

FAQs on The Hi-Tech Gears Ltd

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The Hi-Tech Gears Ltd (HITECHGEAR) share price today is ₹828.25

The Hi-Tech Gears Ltd is listed on NSE

The Hi-Tech Gears Ltd is listed on BSE

  • Today’s highest price of The Hi-Tech Gears Ltd is ₹849.9.
  • Today’s lowest price of The Hi-Tech Gears Ltd is ₹819.9.

PE Ratio of The Hi-Tech Gears Ltd is 28.24

PE ratio = The Hi-Tech Gears Ltd Market price per share / The Hi-Tech Gears Ltd Earnings per share

Today’s traded volume of The Hi-Tech Gears Ltd(HITECHGEAR) is 2,659.00.

Today’s market capitalisation of The Hi-Tech Gears Ltd(HITECHGEAR) is ₹1613.23Cr.

The Hi-Tech Gears Ltd(HITECHGEARPrice
52 Week High
₹1280.45
52 Week Low
₹398.6

The Hi-Tech Gears Ltd(HITECHGEAR) share price is ₹828.25. It is down -35.32% from its 52 Week High price of ₹1280.45

The Hi-Tech Gears Ltd(HITECHGEAR) share price is ₹828.25. It is up 107.79% from its 52 Week Low price of ₹398.6

The Hi-Tech Gears Ltd(HITECHGEARReturns
1 Day Returns
-22.05%
1 Month Returns
12.67%
3 Month Returns
-5.23%
1 Year Returns
83.87%