Is Hitech Corporation a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hitech Corporation Ltd is a average quality company .

Is Hitech Corporation undervalued or overvalued?

The key valuation ratios of Hitech Corporation Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Hitech Corporation share price return in the past 10 years?

Hitech Corporation Ltd share price has appreciated 8.3% annually (CAGR) over the past ten years.

Is Hitech Corporation a good buy now?

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

Hitech Corporation Ltd - Stock Valuation and Financial Performance

Name: Hitech Corporation
Brand: Hitech Corporation

BSE: 526217 | NSE: HITECHCORP | Plastic Products | Small Cap

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Hitech Corporation Share Price

₹245.70 -3.30 -1.33%
as on 18-Dec'24 16:59

10 Year X-Ray of Hitech Corporation:

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

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 % ⓘ	13.4%	14.7%	10.1%	9.2%	13.8%	7.9%	12.5%	20.8%	16.6%	13.9%	-
Value Creation Index ⓘ	0.0	0.1	-0.3	-0.3	0.0	-0.4	-0.1	0.5	0.2	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	465	393	367	388	462	460	447	588	559	562	557
Sales YoY Gr.	-	-15.6%	-6.5%	5.8%	18.9%	-0.4%	-2.8%	31.6%	-5.1%	0.6%	-
Adj EPS ⓘ	4.6	8.1	5.4	2.2	3.6	2.7	7.4	17.6	14.7	12.7	9.4
YoY Gr.	-	78.5%	-34%	-59%	63.6%	-23.9%	168.6%	139.1%	-16.7%	-13.6%	-
BVPS (₹) ⓘ	74.2	78.9	83.9	87.3	95.7	96.3	106	126.3	141.6	153.4	156.5
Adj Net Profit ⓘ	6.9	13.9	9.2	3.8	6.2	4.7	12.6	30.2	25.2	21.8	16
Cash Flow from Ops. ⓘ	38.6	41.2	37.3	42.7	85.6	56.3	64.8	72.7	69.3	54.6	-
Debt/CF from Ops. ⓘ	1.8	0.9	2.9	3.8	2.1	3.2	2.2	1.3	0.9	1.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.1%	4%	7.9%	0.6%
Adj EPS ⓘ	12.1%	28.6%	19.9%	-13.6%
BVPSⓘ	8.4%	9.9%	13.1%	8.3%
Share Price	8.3%	24.4%	-4.3%	-9.3%

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 % ⓘ	6	8.9	5.9	2.6	3.9	2.9	7.3	15.2	11	8.6	6.1
Op. Profit Mgn % ⓘ	8.7	11.6	9.5	9.6	11	12.8	14.3	14.6	12.7	12.7	12.1
Net Profit Mgn % ⓘ	1.5	3.6	2.5	1	1.3	1	2.8	5.1	4.5	3.9	2.9
Debt to Equity ⓘ	0.5	0.2	0.8	1.1	1.1	1.1	0.8	0.4	0.3	0.3	0.1
Working Cap Days ⓘ	66	108	130	141	111	94	90	91	120	128	31
Cash Conv. Cycle ⓘ	42	64	72	81	67	55	50	39	39	38	3

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 19.85%

Return on Equity has declined versus last 3 years average to 6.10%

Sales growth has been subdued in last 3 years 7.91%

Sales growth is not so good in last 4 quarters at 2.91%

Latest Financials - Hitech Corporation Ltd.

	Standalone	Consolidated
TTM EPS (₹)	9.4	6.2
TTM Sales (₹ Cr.)	557	419
BVPS (₹.) ⓘ	156.5	0
Reserves (₹ Cr.) ⓘ	253	251
P/BV ⓘ	1.57	0.00
PE ⓘ	26.14	39.74

From the Market
52 Week Low / High (₹)	180.00 / 350.50
All Time Low / High (₹)	1.00 / 350.50
Market Cap (₹ Cr.)	422
Equity (₹ Cr.)	17.2
Face Value (₹)	10
Industry PE ⓘ	43

Management X-Ray of Hitech Corporation:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Hitech Corporation

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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 Hitech Corporation

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	465	393	367	388	462	460	447	588	559	562
Operating Expenses ⓘ	425	347	332	351	411	401	383	503	488	491
Manufacturing Costs	75	48	32	36	46	48	42	37	42	45
Material Costs	298	234	229	238	285	275	265	371	350	339
Employee Cost	27	26	27	29	31	31	29	31	36	40
Other Costs ⓘ	25	39	44	49	49	48	47	63	60	68
Operating Profit ⓘ	40	46	35	37	51	59	64	86	71	71
Operating Profit Margin (%)	8.7%	11.6%	9.5%	9.6%	11.0%	12.8%	14.3%	14.6%	12.7%	12.7%
Other Income ⓘ	1	1	1	6	1	1	1	1	5	3
Interest ⓘ	16	11	9	14	20	24	19	16	14	14
Depreciation ⓘ	16	16	13	18	21	30	30	30	29	30
Exceptional Items ⓘ	0	0	0	0	15	-3	6	10	4	0
Profit Before Tax ⓘ	9	20	14	12	26	4	22	50	37	30
Tax ⓘ	2	6	4	4	9	1	5	13	9	8
Profit After Tax	7	14	9	8	16	2	17	37	28	22
PAT Margin (%)	1.5%	3.6%	2.5%	2.0%	3.6%	0.5%	3.8%	6.4%	5.1%	3.9%
Adjusted EPS (₹)	4.5	7.8	5.5	4.5	9.6	1.4	9.9	21.8	16.5	12.8
Dividend Payout Ratio (%)	20%	11%	17%	20%	9%	0%	10%	5%	6%	8%

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	144	166	144	150	164	165	182	217	243	263
Share Capital ⓘ	46	48	17	17	17	17	17	17	17	17
Reserves ⓘ	97	118	127	133	147	148	165	200	226	246
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	61	30	105	153	172	157	115	65	38	57
Long Term Debt	9	5	49	82	110	94	63	38	15	25
Short Term Debt	52	25	56	71	62	63	52	27	23	33
Trade Payables	18	14	28	21	16	16	18	20	17	19
Others Liabilities ⓘ	27	23	27	31	51	47	53	128	126	141
Total Liabilities ⓘ	249	234	303	355	404	386	369	429	425	481
Fixed Assets
Gross Block	260	235	152	186	285	354	347	368	378	431
Accumulated Depreciation	138	139	13	30	51	79	103	131	157	181
Net Fixed Assetsⓘ	121	97	139	156	234	275	243	238	221	250
CWIP ⓘ	1	2	8	44	39	2	3	2	6	15
Investmentsⓘ	0	0	0	0	1	1	8	0	0	1
Inventories	26	30	33	37	40	35	39	44	37	42
Trade Receivables	74	61	87	75	56	43	44	43	37	42
Cash Equivalents	3	2	1	3	1	1	1	1	3	1
Others Assetsⓘ	24	42	35	39	33	29	31	102	121	130
Total Assets ⓘ	249	234	303	355	404	386	369	429	425	481

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	41	37	43	86	56	65	73	69	55
PBT ⓘ	9	20	14	12	26	4	22	50	37	30
Adjustment ⓘ	32	27	24	32	42	54	44	41	35	42
Changes in Working Capital ⓘ	2	0	6	2	25	1	4	-3	7	-10
Tax Paid ⓘ	-5	-7	-6	-4	-7	-2	-6	-16	-11	-7
Cash Flow From Investing Activity ⓘ	-6	-7	-63	-80	-84	-25	-9	-6	-16	-48
Capex	-6	-8	-63	-81	-85	-26	-17	-19	-16	-47
Net Investments	0	0	0	0	0	1	7	13	0	-1
Others ⓘ	0	0	0	0	0	1	1	0	0	0
Cash Flow From Financing Activityⓘ	-33	-35	27	41	-6	-31	-52	-65	-52	-8
Net Proceeds from Shares ⓘ	11	9	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-32	-4	6	45	32	-5	-1	-23	-31	0
Interest Paid ⓘ	-17	-10	-6	-11	-18	-22	-17	-15	-14	-14
Dividend Paid ⓘ	-1	-2	-2	-2	-2	-2	0	-2	-2	-2
Others ⓘ	7	-27	28	9	-19	-2	-34	-25	-5	8
Net Cash Flow ⓘ	0	-1	1	3	-5	1	4	2	2	-2

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 (%)	6.89	11.38	6.69	5.28	10.43	1.43	9.76	18.74	12.31	8.69
ROCE (%)	13.44	14.7	10.06	9.2	13.79	7.87	12.45	20.83	16.56	13.86
Asset Turnover Ratio	2.41	1.79	1.5	1.21	1.22	1.17	1.19	1.48	1.31	1.24
PAT to CFO Conversion(x)	5.57	2.93	4.11	5.38	5.38	28	3.82	1.97	2.46	2.5
Working Capital Days
Receivable Days	38	57	67	75	52	39	36	27	26	26
Inventory Days	15	24	28	32	31	30	30	26	26	26
Payable Days	17	25	34	37	23	21	24	19	19	19

Hitech Corporation Ltd Stock News

Hitech Corporation Ltd FAQs

What is the share price of Hitech Corporation?

Company share prices are keep on changing according to the market conditions. The closing price of Hitech Corporation on 18-Dec-2024 16:59 is ₹245.7.

What is the market cap of Hitech Corporation?

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 18-Dec-2024 16:59 the market cap of Hitech Corporation stood at ₹422.0.

What is the P/E ratio of Hitech Corporation?

The latest P/E ratio of Hitech Corporation as of 18-Dec-2024 16:59 is 26.14.

What is the P/B ratio of Hitech Corporation?

The latest P/B ratio of Hitech Corporation as of 18-Dec-2024 16:59 is 1.57.

What is the 52-week high and low of Hitech Corporation?

The 52-week high of Hitech Corporation is ₹350.5 and the 52-week low is ₹180.0.

What is the TTM revenue of Hitech Corporation?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hitech Corporation is ₹557.1 ( Cr.) .

About Hitech Corporation Ltd

Hitech Plast (HPL) incorporated in 1991; is engaged in the manufacturing and marketing of innovative polymer products to various industries paints, personal care and cosmetic packaging, agro chemicals and lube, health and pharma products, confectionary and retail household products.

HPL has two subsidiaries, namely Clear Plastics and Mipak Polymers. The company has manufacturing units located at Guwahati(Assam), Dadra (Silvassa), Daman, Umergaon (Gujarat), Sitargunj (Uttarakhand), Baddi (Himachal Pradesh), Sarigam (Gujarat), Naroli (Silvassa), Puducherry and Pune.

Currently the company can manufacture containers in the size of 1/5 litre to 20 litres.

The company has entered into a technical collaboration with CHT Design Services Pty, Australia to manufacture 20 litre containers known as DG Pail. The company has seen wide acceptance for this product by he lubricants, paints, chemicals, and food industries.

The companyâ€™s manufacturing units have received ISO 9001:2000, IS0 14001:2004, OHSAS 18001:1999, and ISO 22000:2005 certifications for its quality management.

The company caters to 6 sectors, viz. Paints, Consumer Goods, Pesticides, Lube, Health care and Industrial. The company has clientele namely Asian Paints, Nerolac, Castrol, Pear, Dove, Sandoz and many more.

Milestone

1991- The company was incorporated.

1992- Company entered a technical collaboration with Flamegrace, USA â€“ Exclusive license to manufacture â€œBoCansâ€.

1996- The company signed license agreement with CHT design services Pty to for manufacturing L 20 containers, DG pail.

1999- The company started production of DG Pails with unique Plifer Proof Design.

2001- The Company acquired 51% in Multitech Plast Containers having its unit in Silvassa.

2003- The company acquired stakes in Clear Plastics group of companies.

2004- HPL started setting up a new manufacturing unit at Puducherry and Baddi, Himachal Pradesh, through CPL.

2005- The company established a new manufacturing unit at Sri Perumbudur in Tamil Nadu.

2006- HPL acquired shares in Mipak polymers.

2007-Company started setting up of new manufacturing unit at Sitargunj, Uttarakhand.

2010 - Establishment of new manufacturing unit at Rohtak, Haryana
Established technology centre for design & development of moulds at Pune.
2013 - Consolidated Daman unit with Dadra and Masat with Galonda
Started commercial production in new manufacturing unit at Khandala.