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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Hitech Corporation Ltd

About the Company - Hitech Corporation Ltd

Hitech Corporation Ltd. is a Public Limited Listed company incorporated on 16/10/1991 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28992MH1991PLC168235 and registration number is 168235. Currently company belongs to the Industry of Packaging & Containers. Company’s Total Operating Revenue is Rs. 588.46 Cr. and Equity Capital is Rs. 17.18 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & ContainersUnit No. 201, 2nd Floor, Welspun House, Kamala City, Mumbai Maharashtra 400013investor.help@hitechgroup.com
http://www.hitechgroup.com
Management
NamePosition Held
Mr. Ashwin S DaniChairman
Mr. Jayendra R ShahVice Chairman
Mr. Malav A DaniManaging Director
Mr. Mehernosh A MehtaWhole Time Director
Ms. Kalpana V MerchantIndependent Director
Mr. Bomi P ChinoyIndependent Director
Mr. Harish N MotiwallaIndependent Director
Mr. Aditya M ShethIndependent Director

Hitech Corporation Ltd. Share Price Update

Share PriceValue
Today₹225.00
Previous Day₹226.65

Basic Stock Data of Hitech Corporation Ltd

Market Cap 404 Cr.
Current Price 235
High / Low309/151
Stock P/E19.1
Book Value 148
Dividend Yield0.42 %
ROCE15.0 %
ROE10.8 %
Face Value 10.0

Data Source: screener.in

Hitech Corporation Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales123.32128.53137.87130.69166.83140.87150.05148.39160.71121.07128.49150.38143.49
Expenses104.16109.08117.41111.01141.92121.93127.79129.38136.03107.10111.98129.78125.82
Operating Profit19.1619.4520.4619.6824.9118.9422.2619.0124.6813.9716.5120.6017.67
OPM %15.54%15.13%14.84%15.06%14.93%13.45%14.84%12.81%15.36%11.54%12.85%13.70%12.31%
Other Income0.480.426.052.100.278.200.170.170.430.244.710.160.08
Interest5.055.084.574.454.233.923.533.513.683.493.083.563.61
Depreciation7.627.607.407.198.047.487.307.187.317.156.966.937.22
Profit before tax6.977.1914.5410.1412.9115.7411.608.4914.123.5711.1810.276.92
Tax %8.18%37.13%14.65%26.13%24.79%24.71%28.02%25.32%25.71%25.21%21.02%25.22%25.43%
Net Profit6.404.5112.407.509.7111.848.346.3410.492.688.827.685.15
EPS in Rs3.732.637.224.375.656.894.863.696.111.565.144.473.00

Hitech Corporation Ltd Quarterly Chart

Hitech Corporation Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales231256271465393367388462460447588559543
Expenses199227242425347332351410400383502484475
Operating Profit33292940453537526064867469
OPM %14%11%11%9%12%10%10%11%13%14%15%13%13%
Other Income100111615-371165
Interest1213141610914202419161414
Depreciation781016161318213030302928
Profit before tax1586920141226422503732
Tax %25%18%33%25%30%31%35%36%34%24%26%24%
Net Profit11747149816217372824
EPS in Rs8.335.332.844.478.225.454.529.551.379.8721.7716.4914.17
Dividend Payout %19%30%32%20%11%17%20%9%0%10%5%6%

Hitech Corporation Ltd Profit & Loss Yearly Chart

Hitech Corporation Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:8%
3 Years:7%
TTM:-5%
Compounded Profit Growth
10 Years:14%
5 Years:26%
3 Years:88%
TTM:-24%
Stock Price CAGR
10 Years:19%
5 Years:22%
3 Years:28%
1 Year:16%
Return on Equity
10 Years:8%
5 Years:9%
3 Years:11%
Last Year:11%

Hitech Corporation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13131315171717171717171717
Reserves646971128118127133147148165200226237
Preference Capital0000310262222000
Borrowings7068716937108139162161148996368
Other Liabilities17202137615165776039383436
Total Liabilities164170177249234303355404386369354340358
Fixed Assets57837812197139156235276251245228225
CWIP5012284439232611
Investments3434340000000000
Other Assets685363126135156155130108114107106122
Total Assets164170177249234303355404386369354340358

Hitech Corporation Ltd Reserves and Borrowings Chart

Hitech Corporation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 273717394137438656657369
Cash from Investing Activity -15-24-6-4-7-63-80-84-25-9-6-16
Cash from Financing Activity -7-17-13-33-352741-6-31-52-65-54
Net Cash Flow4-5-12-113-5142-1

Hitech Corporation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days463645585787714434362724
Inventory Days492935304752585146534339
Days Payable181820202345322022251918
Cash Conversion Cycle764760678194967559645045
Working Capital Days492832547680683930163738
ROCE %19%14%13%14%15%10%9%9%9%10%17%15%

Hitech Corporation Ltd Financial Efficiency Indicators Chart

Hitech Corporation Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.43%74.43%74.43%74.43%74.43%74.43%74.43%74.44%74.44%74.44%74.44%74.44%
FIIs0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.00%0.00%0.00%0.03%0.00%
Government0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public25.55%25.55%25.55%25.55%25.55%25.53%25.55%25.55%25.55%25.54%25.51%25.56%
No. of Shareholders6,0815,7646,7496,6278,1467,6377,8487,8097,8857,7347,8277,441

Hitech Corporation Ltd Shareholding Pattern Chart

No. of Hitech Corporation Ltd Shareholders

This stock is not held by any mutual fund

Hitech Corporation Ltd ROCE Trend

Hitech Corporation Ltd EPS Trend

Hitech Corporation Ltd Key Financial Ratios

MonthMar 15Mar 14Mar 13Mar 12Mar 11
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.844.826.868.0710.94
Diluted EPS (Rs.)4.254.826.868.0710.94
Cash EPS (Rs.)15.2520.1321.0019.5721.82
Book Value[Excl.RevalReserv]/Share (Rs.)98.4999.0493.9687.9581.68
Book Value[Incl.RevalReserv]/Share (Rs.)98.4999.0493.9687.9581.68
Revenue From Operations / Share (Rs.)306.30348.83333.55292.68261.76
PBDIT / Share (Rs.)27.1037.2936.6135.6736.06
PBIT / Share (Rs.)16.4023.3023.4824.0026.47
PBT / Share (Rs.)6.0010.239.5910.5417.06
Net Profit / Share (Rs.)4.556.147.887.9012.24
NP After MI And SOA / Share (Rs.)4.624.826.868.0710.94
PBDIT Margin (%)8.8410.6810.9712.1813.77
PBIT Margin (%)5.356.677.048.1910.11
PBT Margin (%)1.952.932.873.606.51
Net Profit Margin (%)1.481.762.362.694.67
NP After MI And SOA Margin (%)1.501.382.052.754.18
Return on Networth / Equity (%)5.896.379.5512.0818.09
Return on Capital Employeed (%)15.2418.5518.0920.1325.74
Return On Assets (%)2.772.373.424.015.96
Long Term Debt / Equity (X)0.070.290.420.390.27
Total Debt / Equity (X)0.510.770.931.181.03
Asset Turnover Ratio (%)2.171.231.181.141.21
Current Ratio (X)1.311.231.191.121.10
Quick Ratio (X)1.020.890.890.760.69
Inventory Turnover Ratio (X)14.378.206.454.775.49
Dividend Payout Ratio (NP) (%)0.0018.6623.3219.8114.62
Dividend Payout Ratio (CP) (%)0.004.788.008.107.79
Earning Retention Ratio (%)0.0081.3476.6880.1985.38
Cash Earning Retention Ratio (%)0.0095.2292.0091.9092.21
Interest Coverage Ratio (X)2.602.852.632.683.83
Interest Coverage Ratio (Post Tax) (X)1.431.471.571.612.30
Enterprise Value (Cr.)238.99171.09169.43195.24213.41
EV / Net Operating Revenue (X)0.510.370.380.500.61
EV / EBITDA (X)5.813.483.514.154.49
MarketCap / Net Operating Revenue (X)0.320.140.130.180.31
Retention Ratios (%)0.0081.3376.6780.1885.37
Price / BV (X)1.260.660.610.821.37
Price / Net Operating Revenue (X)0.320.140.130.180.31
EarningsYield0.040.090.150.140.13

Hitech Corporation Ltd Profitability Ratios (%)

Hitech Corporation Ltd Liquidity Ratios

Hitech Corporation Ltd Liquidity Ratios (%)

Hitech Corporation Ltd Interest Coverage Ratios (%)

Hitech Corporation Ltd Valuation Ratios

Fair Value of Hitech Corporation Ltd Stock

Fair Value: ₹306.58

The stock is undervalued by 30.46% compared to the current price ₹235

*Investments are subject to market risks

Strength and Weakness of Hitech Corporation Ltd Stock

StrengthWeakness
  1. The company has higher reserves (141.00 cr) compared to borrowings (7.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (417.69 cr) and profit (19.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 22.73 and average Dividend Yield of 7.47%.
  2. The stock has a low average ROCE of 12.83%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 45.58, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 67.83, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hitech Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE