Is The Hi-Tech Gears a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that The Hi-Tech Gears Ltd is a good quality company .

Is The Hi-Tech Gears undervalued or overvalued?

The key valuation ratios of The Hi-Tech Gears Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is The Hi-Tech Gears share price return in the past 10 years?

The Hi-Tech Gears Ltd share price has appreciated 11.4% annually (CAGR) over the past ten years.

Is The Hi-Tech Gears a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of The Hi-Tech Gears Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of The Hi-Tech Gears?

The latest standalone P/E ratio of The Hi-Tech Gears as of 21-Nov-2024 is 25.08.

What is the P/B ratio of The Hi-Tech Gears?

The latest standalone P/B ratio of The Hi-Tech Gears as of 21-Nov-2024 is 2.98.

What is the 52-week high and low of The Hi-Tech Gears?

The 52-week high of The Hi-Tech Gears is Rs. 1275.75 and the 52-week low is Rs. 398.35.

What is the TTM revenue of The Hi-Tech Gears?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of The Hi-Tech Gears is Rs. 728.39 (Cr.).

The Hi-Tech Gears Ltd - Stock Valuation and Financial Performance

Name: The Hi-Tech Gears
Brand: The Hi-Tech Gears

BSE: 522073 | NSE: HITECHGEAR | Auto Ancillary | Small Cap

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Hi-Tech Gears Share Price

₹762.50 22.10 2.98%
as on 21-Nov'24 16:59

10 Year X-Ray of Hi-Tech Gears:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	15.6%	17.9%	13%	15.1%	15.2%	7.5%	14%	13.4%	15%	14%	-
Value Creation Index ⓘ	0.1	0.3	-0.1	0.1	0.1	-0.5	-0	0.0	0.1	-0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	432	450	448	527	647	509	522	645	782	780	728
Sales YoY Gr.	-	4.2%	-0.4%	17.6%	22.8%	-21.3%	2.6%	23.4%	21.3%	-0.2%	-
Adj EPS ⓘ	10	11.3	10.7	16.8	15.8	4.1	17.7	19	24.8	25.9	29.5
YoY Gr.	-	12.7%	-5%	56.4%	-5.7%	-74.4%	336.1%	7.3%	30.7%	4.4%	-
BVPS (₹) ⓘ	80.7	88.4	114.3	128.1	142.9	142.1	164	186.1	211.6	235.7	248.6
Adj Net Profit ⓘ	18.8	21.1	20.1	31.4	29.6	7.6	33.2	35.6	46.5	48.6	55
Cash Flow from Ops. ⓘ	39.1	50.4	37.2	45.5	37.1	144	57.5	53.2	53.2	85.2	-
Debt/CF from Ops. ⓘ	1.1	0.8	3.3	4	6.8	1.3	3.5	3.9	3.8	1.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.8%	3.8%	14.3%	-0.2%
Adj EPS ⓘ	11.1%	10.4%	13.6%	4.4%
BVPSⓘ	12.6%	10.5%	12.9%	11.4%
Share Price	11.4%	35.4%	48.6%	62.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	10.5	11.2	9.8	13.8	11.7	2.8	11.5	10.8	12.4	11.6	12.2
Op. Profit Mgn % ⓘ	12.3	12.7	12.2	13.4	12.9	11.6	15.8	14.7	14	13.6	15
Net Profit Mgn % ⓘ	4.4	4.7	4.5	6	4.6	1.5	6.4	5.5	5.9	6.2	7.6
Debt to Equity ⓘ	0.3	0.3	0.6	0.8	1	0.7	0.7	0.6	0.5	0.3	0
Working Cap Days ⓘ	90	89	99	117	130	158	134	137	135	138	72
Cash Conv. Cycle ⓘ	28	37	41	49	54	55	31	40	50	63	28

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.20%

Sales growth is growing at healthy rate in last 3 years 14.30%

Net Profit is growing at healthy rate in last 3 years 13.56%

Sales growth is not so good in last 4 quarters at -0.35%

Latest Financials - The Hi-Tech Gears Ltd.

	Standalone	Consolidated
TTM EPS (₹)	29.5	30.1
TTM Sales (₹ Cr.)	728	1,044
BVPS (₹.) ⓘ	248.6	260.6
Reserves (₹ Cr.) ⓘ	448	471
P/BV ⓘ	2.98	2.84
PE ⓘ	25.08	24.60

From the Market
52 Week Low / High (₹)	398.35 / 1275.75
All Time Low / High (₹)	1.88 / 1275.75
Market Cap (₹ Cr.)	1,390
Equity (₹ Cr.)	18.8
Face Value (₹)	10
Industry PE ⓘ	51.1

Management X-Ray of Hi-Tech Gears:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Hi-Tech Gears

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Hi-Tech Gears

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	432	450	448	527	647	509	522	645	782	780
Operating Expenses ⓘ	380	393	394	457	565	451	440	550	673	675
Manufacturing Costs	47	53	55	67	79	64	62	76	88	102
Material Costs	252	247	234	280	346	260	270	328	420	420
Employee Cost	61	69	72	79	101	96	80	101	110	110
Other Costs ⓘ	20	24	33	30	39	31	28	44	54	43
Operating Profit ⓘ	52	57	55	71	82	58	82	95	109	105
Operating Profit Margin (%)	12.1%	12.7%	12.2%	13.4%	12.7%	11.4%	15.8%	14.7%	14.0%	13.5%
Other Income ⓘ	3	2	6	13	16	6	10	7	9	9
Interest ⓘ	4	2	3	9	18	22	18	18	17	18
Depreciation ⓘ	25	23	25	26	27	27	25	30	32	32
Exceptional Items ⓘ	0	-1	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	26	34	33	48	53	15	50	54	69	65
Tax ⓘ	8	12	12	16	18	8	12	15	19	15
Profit After Tax	18	21	21	32	35	8	37	39	50	49
PAT Margin (%)	4.3%	4.7%	4.7%	6.1%	5.5%	1.5%	7.1%	6.0%	6.4%	6.3%
Adjusted EPS (₹)	9.8	11.3	11.1	17.0	18.9	4.1	19.9	20.5	26.8	26.2
Dividend Payout Ratio (%)	25%	27%	22%	21%	19%	36%	10%	7%	9%	19%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	182	196	214	240	268	267	308	349	397	443
Share Capital ⓘ	19	19	19	19	19	19	19	19	19	19
Reserves ⓘ	163	177	196	222	249	248	289	331	378	424
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	30	41	123	179	236	160	150	152	136	125
Long Term Debt	0	0	72	122	164	160	145	116	59	58
Short Term Debt	30	41	51	57	72	0	5	37	77	67
Trade Payables	34	39	38	55	63	68	76	103	84	79
Others Liabilities ⓘ	48	40	57	75	82	106	121	134	130	73
Total Liabilities ⓘ	294	316	433	550	649	600	655	739	747	719
Fixed Assets
Gross Block	374	394	419	441	456	504	531	572	592	616
Accumulated Depreciation	202	219	249	271	281	306	326	350	381	403
Net Fixed Assetsⓘ	173	174	171	169	175	198	205	222	211	213
CWIP ⓘ	1	3	3	2	14	12	25	16	13	3
Investmentsⓘ	0	0	102	154	158	163	164	167	167	166
Inventories	28	32	35	46	74	56	57	79	79	85
Trade Receivables	64	66	73	100	109	59	82	125	152	142
Cash Equivalents	2	16	14	24	42	45	60	51	59	46
Others Assetsⓘ	26	25	36	56	77	68	62	79	67	63
Total Assets ⓘ	294	316	433	550	649	600	655	739	747	719

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	39	50	37	45	37	144	58	53	53	85
PBT ⓘ	26	34	33	48	53	15	50	54	69	65
Adjustment ⓘ	28	27	22	27	32	46	37	44	47	46
Changes in Working Capital ⓘ	-7	4	-4	-13	-31	90	-15	-29	-43	-8
Tax Paid ⓘ	-8	-14	-13	-17	-17	-7	-14	-15	-21	-17
Cash Flow From Investing Activity ⓘ	-32	-25	-119	-88	-63	-51	-15	-43	-35	-14
Capex	-33	-25	-15	-27	-64	-39	-23	-38	-16	-24
Net Investments	0	0	0	-9	3	-15	4	0	-22	6
Others ⓘ	0	0	-105	-52	-3	2	3	-6	3	4
Cash Flow From Financing Activityⓘ	-7	-12	75	43	48	-108	-23	-18	-31	-78
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-20	-14	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-3	-2	-1	-7	-15	-18	-16	-17	-14	-18
Dividend Paid ⓘ	-5	-6	-6	-6	-7	-7	0	-4	-3	-5
Others ⓘ	21	10	82	57	70	-84	-7	3	-14	-55
Net Cash Flow ⓘ	0	13	-7	1	22	-15	19	-8	-13	-7

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	12.38	13.34	10.98	14.03	13.95	2.9	12.98	11.73	13.49	11.73
ROCE (%)	15.64	17.91	13.03	15.11	15.16	7.54	13.95	13.39	14.97	13.96
Asset Turnover Ratio	1.6	1.63	1.31	1.1	1.08	0.82	0.83	0.93	1.05	1.06
PAT to CFO Conversion(x)	2.17	2.38	1.76	1.41	1.06	18	1.57	1.36	1.06	1.73
Working Capital Days
Receivable Days	45	48	52	59	59	60	49	59	65	69
Inventory Days	21	22	25	27	34	47	39	38	37	38
Payable Days	57	54	59	60	62	92	98	100	81	71

The Hi-Tech Gears Ltd Stock News

The Hi-Tech Gears Ltd FAQs

What is the share price of Hi-Tech Gears?

Company share prices are keep on changing according to the market conditions. The closing price of Hi-Tech Gears on 21-Nov-2024 16:59 is ₹762.5.

What is the market cap of Hi-Tech Gears?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Hi-Tech Gears stood at ₹1,390.3.

What is the P/E ratio of Hi-Tech Gears?

The latest P/E ratio of Hi-Tech Gears as of 21-Nov-2024 16:59 is 25.08.

What is the P/B ratio of Hi-Tech Gears?

The latest P/B ratio of Hi-Tech Gears as of 21-Nov-2024 16:59 is 2.98.

What is the 52-week high and low of Hi-Tech Gears?

The 52-week high of Hi-Tech Gears is ₹1,275.8 and the 52-week low is ₹398.4.

What is the TTM revenue of Hi-Tech Gears?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hi-Tech Gears is ₹728.4 ( Cr.) .

About The Hi-Tech Gears Ltd

The Hi-Tech Gears Ltd. is an auto component manufacturer (Tier 1 supplier) of world class repute. The Company has a foothold in US and Canada. It is a listed-on country’s premier stock exchanges, i.e. BSE & NSE and is regularly traded scrip.

It has manufacturing facilities in Bhiwadi and Manesar with subsidiary companies in North America.

The Company spans a spectrum of products, including transmission and engine components, driveline components, engines design services and advanced technology-enabled products and solutions at the fore front of cutting-edge technology.

The Customer of the company ranges from the manufacturers of two wheelers, four wheelers, off road equipment, generator manufacturers, medium and heavy vehicles etc.

Business area of the company

The company is primarily engaged in the business of gears and transmission components, & the inherent nature of both the activities is governed by the same set of risk and returns, & these have been grouped as a single segment in the above disclosures.

Milestones

1986: Incorporated as a Public Limited company
1988: Production Commencement & became single source supplier to Hero Honda
1989: Product Indigenization
1992: Technical Tie-up with Kyush Musashi, a subsidiary of Honda Motors, Japan
1993: Backward Integration into Precision Forgings
1995: Selected as single source supplier to Honda Power, Tata Cummins Ltd.
1996: Technology Agreement with GETRAG, US
1996: Certified as ISO 9002, BPR launched
1997: Selected as a global source to Cummins, US
1998: Certified as QS 9000
1999: Separate Division to handle high-end design and CAD Services established, under the name of Hi-Tech ESoft.
2002: Launches Initiative of Lean Manufactured
2003: Certified for: Integrated Quality Management Systems; TS 16949 for quality & obtained Environment Certification ISO 4001; Occupational Health & Safety Certification OHSAS 18001:1999
2004: Prototyping/Productionsing Precision Components for Robert Bosch, GM, Volvo and Daimler Chrysler
2005: State-of-the-art Manufacturing Facility set up at Manesar
2007: Hi-Tech eSoft (division of HGL) Certified for ISO 9001:2000
2008: ACMA Export Award 2006-07
2009: Excellence Award for Manufacturing and Export
2010: TPM Excellence Awards Category A & Shingo Silver Medallion
2011: New State of Art “ECOFAC” Plant setup in Bhiwadi
2012: Award for excellence in Consistent TPM Commitment
2013: ACMA Export Award
2014: ACMA Export Award (Large Category)
2015: Name of the Company changed to “The Hi-Tech Gears Ltd.”
2017: Acquisition of Teutech Industries INC, Canada and Teutech LLC, USA.
2019: Achieved a Turnover of INR 9,000 Million (on Consolidated Basis)