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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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. Jayendra R ShahChairman, Non Ind & Non Exe Director
Mrs. Ina Ashwin DaniVice Chairperson (Non-Executive)
Mr. Malav A DaniPromoter Managing Director
Mr. Mehernosh A MehtaWhole Time Director
Mr. Harish N MotiwallaInd. Non-Executive Director
Mr. Bomi P ChinoyInd. Non-Executive Director
Ms. Kalpana V MerchantInd. Non-Executive Director
Dr. Prakash D TrivediInd. Non-Executive Director
Dr. Anjan C RayInd. Non-Executive Director
Mr. Aditya M ShethInd. Non-Executive Director

Basic Stock Data of Hitech Corporation Ltd

Last Updated: July 26, 2024, 10:35 pm

Market Cap 435 Cr.
Current Price 249
High / Low309/180
Stock P/E20.1
Book Value 153
Dividend Yield0.40 %
ROCE13.5 %
ROE8.55 %
Face Value 10.0
PEG Ratio0.34

Data Source: screener.in

Hitech Corporation Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales128.53137.87130.69166.83140.87150.05148.39160.71121.07128.49150.38143.49129.30
Expenses109.08117.41111.01141.92121.93127.79129.38136.03107.10111.98129.78125.82115.45
Operating Profit19.4520.4619.6824.9118.9422.2619.0124.6813.9716.5120.6017.6713.85
OPM %15.13%14.84%15.06%14.93%13.45%14.84%12.81%15.36%11.54%12.85%13.70%12.31%10.71%
Other Income0.426.052.100.278.200.170.170.430.244.710.160.080.67
Interest5.084.574.454.233.923.533.513.683.493.083.563.613.49
Depreciation7.607.407.198.047.487.307.187.317.156.966.937.227.52
Profit before tax7.1914.5410.1412.9115.7411.608.4914.123.5711.1810.276.923.51
Tax %37.13%14.65%26.13%24.79%24.71%28.02%25.32%25.71%25.21%21.02%25.22%25.43%27.92%
Net Profit4.5112.407.509.7111.848.346.3410.492.688.827.685.152.53
EPS in Rs2.637.224.375.656.894.863.696.111.565.144.473.001.47

Last Updated: July 10, 2024, 5:58 pm

Hitech Corporation Ltd Quarterly Chart

Hitech Corporation Ltd Profit & Loss

Last Updated: July 10, 2024, 5:58 pm

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:4%
3 Years:8%
TTM:1%
Compounded Profit Growth
10 Years:19%
5 Years:23%
3 Years:19%
TTM:-13%
Stock Price CAGR
10 Years:14%
5 Years:28%
3 Years:-2%
1 Year:3%
Return on Equity
10 Years:8%
5 Years:9%
3 Years:11%
Last Year:9%

Last Updated: July 24, 2024, 5:42 pm

Hitech Corporation Ltd Balance Sheet

Last Updated: July 10, 2024, 5:58 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 371739413743865665736955
Cash from Investing Activity -24-6-4-7-63-80-84-25-9-6-16-48
Cash from Financing Activity -17-13-33-352741-6-31-52-65-52-8
Net Cash Flow-5-12-113-51422-2

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

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.43%74.43%74.43%74.43%74.44%74.44%74.44%74.44%74.44%74.44%74.44%74.44%
FIIs0.00%0.00%0.02%0.00%0.00%0.00%0.00%0.03%0.00%0.00%0.10%0.12%
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%25.53%25.55%25.55%25.55%25.54%25.51%25.56%25.54%25.44%25.44%
No. of Shareholders6,6278,1467,6377,8487,8097,8857,7347,8277,4418,1758,1848,436

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 (%)1.791.231.181.141.21
Current Ratio (X)1.311.231.191.121.10
Quick Ratio (X)1.020.890.890.760.69
Inventory Turnover Ratio (X)10.468.206.454.775.49
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

Fair Value: 263.99

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.02% compared to the current price 249

Intrinsic Value: 421.23

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 69.17% compared to the current price 249

Last 5 Year EPS CAGR: 59.56%

*Investments are subject to market risks

Strength and Weakness of Hitech Corporation Ltd Stock

StrengthWeakness
  1. The company has higher reserves (148.17 cr) compared to borrowings (109.00 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 has a low average ROCE of 12.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 45.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 67.83, which may not be favorable.

FAQ

What is the latest fair value of Hitech Corporation Ltd?

The latest fair value of Hitech Corporation Ltd is ₹263.99.

What is the Market Cap of Hitech Corporation Ltd?

The Market Cap of Hitech Corporation Ltd is 435 Cr..

What is the current Stock Price of Hitech Corporation Ltd as on 27 July 2024?

The current stock price of Hitech Corporation Ltd as on 27 July 2024 is 249.

What is the High / Low of Hitech Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Hitech Corporation Ltd stocks is 309/180.

What is the Stock P/E of Hitech Corporation Ltd?

The Stock P/E of Hitech Corporation Ltd is 20.1.

What is the Book Value of Hitech Corporation Ltd?

The Book Value of Hitech Corporation Ltd is 153.

What is the Dividend Yield of Hitech Corporation Ltd?

The Dividend Yield of Hitech Corporation Ltd is 0.40 %.

What is the ROCE of Hitech Corporation Ltd?

The ROCE of Hitech Corporation Ltd is 13.5 %.

What is the ROE of Hitech Corporation Ltd?

The ROE of Hitech Corporation Ltd is 8.55 %.

What is the Face Value of Hitech Corporation Ltd?

The Face Value of Hitech Corporation Ltd is 10.0.

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