The Hi-Tech Gears Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 8:51 pm

Market Cap	1,182 Cr.
Current Price	615
High / Low	1,199/515
Stock P/E	24.4
Book Value	261
Dividend Yield	0.81 %
ROCE	12.5 %
ROE	12.2 %
Face Value	10.0
PEG Ratio	2.22

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for The Hi-Tech Gears Ltd

Competitors of The Hi-Tech Gears Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Him Teknoforge Ltd	163 Cr.	173	274/117	17.5	234	0.23 %	8.63 %	4.10 %	2.00
The Hi-Tech Gears Ltd	1,182 Cr.	615	1,199/515	24.4	261	0.81 %	12.5 %	12.2 %	10.0
Bharat Gears Ltd	123 Cr.	80.2	123/64.8		79.7	0.00 %	1.65 %	9.13 %	10.0
Industry Average	489.33 Cr	289.40		20.95	191.57	0.35%	7.59%	8.48%	7.33

All Competitor Stocks of The Hi-Tech Gears Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	222.63	288.64	291.74	313.77	277.16	286.55	263.50	283.64	272.91	286.87	260.63	246.39	205.06
Expenses	216.71	254.05	260.15	275.00	239.37	253.37	230.29	248.50	232.16	246.04	219.69	211.21	178.51
Operating Profit	5.92	34.59	31.59	38.77	37.79	33.18	33.21	35.14	40.75	40.83	40.94	35.18	26.55
OPM %	2.66%	11.98%	10.83%	12.36%	13.63%	11.58%	12.60%	12.39%	14.93%	14.23%	15.71%	14.28%	12.95%
Other Income	2.82	2.21	2.12	2.69	2.18	0.94	3.09	78.45	2.07	3.33	2.41	1.91	3.10
Interest	6.53	8.08	7.76	8.14	8.54	8.73	9.00	13.87	8.21	6.69	6.45	5.65	4.93
Depreciation	13.88	14.68	19.80	23.54	23.68	15.13	15.01	15.02	14.87	16.28	15.59	16.00	15.95
Profit before tax	-11.67	14.04	6.15	9.78	7.75	10.26	12.29	84.70	19.74	21.19	21.31	15.44	8.77
Tax %	12.00%	19.94%	93.98%	63.91%	66.84%	-62.18%	24.33%	14.75%	24.52%	15.90%	33.18%	38.21%	21.66%
Net Profit	-13.06	11.24	0.37	3.53	2.57	16.64	9.30	72.22	14.91	17.83	14.24	9.54	6.87
EPS in Rs	-6.96	5.99	0.20	1.88	1.37	8.87	4.96	38.48	7.94	9.50	7.58	5.08	3.66

Last Updated: February 28, 2025, 4:40 pm

Below is a detailed analysis of the quarterly data for The Hi-Tech Gears Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 205.06 Cr.. The value appears to be declining and may need further review. It has decreased from 246.39 Cr. (Sep 2024) to 205.06 Cr., marking a decrease of 41.33 Cr..
For Expenses, as of Dec 2024, the value is 178.51 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 211.21 Cr. (Sep 2024) to 178.51 Cr., marking a decrease of 32.70 Cr..
For Operating Profit, as of Dec 2024, the value is 26.55 Cr.. The value appears to be declining and may need further review. It has decreased from 35.18 Cr. (Sep 2024) to 26.55 Cr., marking a decrease of 8.63 Cr..
For OPM %, as of Dec 2024, the value is 12.95%. The value appears to be declining and may need further review. It has decreased from 14.28% (Sep 2024) to 12.95%, marking a decrease of 1.33%.
For Other Income, as of Dec 2024, the value is 3.10 Cr.. The value appears strong and on an upward trend. It has increased from 1.91 Cr. (Sep 2024) to 3.10 Cr., marking an increase of 1.19 Cr..
For Interest, as of Dec 2024, the value is 4.93 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 5.65 Cr. (Sep 2024) to 4.93 Cr., marking a decrease of 0.72 Cr..
For Depreciation, as of Dec 2024, the value is 15.95 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 16.00 Cr. (Sep 2024) to 15.95 Cr., marking a decrease of 0.05 Cr..
For Profit before tax, as of Dec 2024, the value is 8.77 Cr.. The value appears to be declining and may need further review. It has decreased from 15.44 Cr. (Sep 2024) to 8.77 Cr., marking a decrease of 6.67 Cr..
For Tax %, as of Dec 2024, the value is 21.66%. The value appears to be improving (decreasing) as expected. It has decreased from 38.21% (Sep 2024) to 21.66%, marking a decrease of 16.55%.
For Net Profit, as of Dec 2024, the value is 6.87 Cr.. The value appears to be declining and may need further review. It has decreased from 9.54 Cr. (Sep 2024) to 6.87 Cr., marking a decrease of 2.67 Cr..
For EPS in Rs, as of Dec 2024, the value is 3.66. The value appears to be declining and may need further review. It has decreased from 5.08 (Sep 2024) to 3.66, marking a decrease of 1.42.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:37 pm

Metric	Mar 2006	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	195	471	749	914	722	746	971	1,169	1,107	999
Expenses	178	415	654	800	638	656	889	1,028	957	855
Operating Profit	17	56	95	113	84	90	82	141	150	144
OPM %	9%	12%	13%	12%	12%	12%	8%	12%	14%	14%
Other Income	7	7	20	17	11	10	8	8	87	11
Interest	5	4	24	29	33	23	26	33	38	24
Depreciation	9	26	39	42	43	43	52	82	61	64
Profit before tax	9	33	52	59	19	34	11	34	138	67
Tax %	40%	38%	34%	39%	56%	15%	110%	32%	17%
Net Profit	6	20	34	36	8	29	-1	23	114	48
EPS in Rs		10.73	18.24	18.96	4.41	15.34	-0.59	12.31	60.84	25.82
Dividend Payout %	42%	23%	19%	18%	34%	13%	-256%	20%	8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	70.00%	5.88%	-77.78%	262.50%	-103.45%	2400.00%	395.65%
Change in YoY Net Profit Growth (%)	0.00%	-64.12%	-83.66%	340.28%	-365.95%	2503.45%	-2004.35%

The Hi-Tech Gears Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	4%
3 Years:	14%
TTM:	-10%

Compounded Profit Growth
10 Years:	%
5 Years:	11%
3 Years:	20%
TTM:	2%

Stock Price CAGR
10 Years:	9%
5 Years:	44%
3 Years:	41%
1 Year:	-47%

Return on Equity
10 Years:	%
5 Years:	7%
3 Years:	7%
Last Year:	12%

Last Updated: Unknown

Balance Sheet

Last Updated: February 12, 2025, 2:42 pm

Month	Mar 2006	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	9	19	19	19	19	19	19	19	19	19
Reserves	30	183	222	253	257	302	312	336	447	471
Borrowings	90	319	366	440	352	427	471	457	298	261
Other Liabilities	52	160	128	155	161	174	201	171	144	129
Total Liabilities	181	680	734	867	789	922	1,002	983	908	879
Fixed Assets	105	403	423	444	446	468	528	496	462	469
CWIP	7	11	13	19	34	71	38	13	4	2
Investments	0	0	0	4	8	10	12	12	12	12
Other Assets	70	267	298	400	301	373	424	462	430	396
Total Assets	181	680	734	867	789	922	1,002	983	908	879

Below is a detailed analysis of the balance sheet data for The Hi-Tech Gears Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹19.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 19.00 Cr..
For Reserves, as of Sep 2024, the value is ₹471.00 Cr.. The value appears strong and on an upward trend. It has increased from 447.00 Cr. (Mar 2024) to ₹471.00 Cr., marking an increase of 24.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹261.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 298.00 Cr. (Mar 2024) to ₹261.00 Cr., marking a decrease of 37.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹129.00 Cr.. The value appears to be improving (decreasing). It has decreased from 144.00 Cr. (Mar 2024) to ₹129.00 Cr., marking a decrease of 15.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹879.00 Cr.. The value appears to be improving (decreasing). It has decreased from 908.00 Cr. (Mar 2024) to ₹879.00 Cr., marking a decrease of 29.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹469.00 Cr.. The value appears strong and on an upward trend. It has increased from 462.00 Cr. (Mar 2024) to ₹469.00 Cr., marking an increase of 7.00 Cr..
For CWIP, as of Sep 2024, the value is ₹2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4.00 Cr. (Mar 2024) to ₹2.00 Cr., marking a decrease of 2.00 Cr..
For Investments, as of Sep 2024, the value is ₹12.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 12.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹396.00 Cr.. The value appears to be declining and may need further review. It has decreased from 430.00 Cr. (Mar 2024) to ₹396.00 Cr., marking a decrease of 34.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹879.00 Cr.. The value appears to be declining and may need further review. It has decreased from 908.00 Cr. (Mar 2024) to ₹879.00 Cr., marking a decrease of 29.00 Cr..

Notably, the Reserves (471.00 Cr.) exceed the Borrowings (261.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2006	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	15	54	15	47	184	37	56	54	117
Cash from Investing Activity +	-48	-119	-72	-85	-40	-51	-56	-41	143
Cash from Financing Activity +	33	26	18	60	-151	25	11	-41	-280
Net Cash Flow	1	-40	-39	22	-7	12	10	-27	-19

Free Cash Flow

Month	Mar 2006	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-73.00	-263.00	-271.00	-327.00	-268.00	-337.00	-389.00	-316.00	-148.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2006	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	34	82	75	68	46	73	65	65	66
Inventory Days	124	85	66	87	92	91	88	75	79
Days Payable	158	86	75	79	102	112	109	73	69
Cash Conversion Cycle	0	81	66	76	37	52	45	67	76
Working Capital Days	39	28	53	51	8	54	49	62	74
ROCE %			13%	12%	8%	8%	5%	8%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	56.00%	56.22%	56.22%	56.22%	56.22%	56.22%	56.22%	56.26%	56.26%	56.26%	56.23%	56.23%
FIIs	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.06%	0.01%
DIIs	0.01%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Government	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Public	43.99%	43.76%	43.78%	43.78%	43.76%	43.77%	43.77%	43.72%	43.69%	43.73%	43.70%	43.75%
No. of Shareholders	7,785	7,583	7,463	7,554	7,736	6,643	6,309	7,176	7,414	7,284	9,567	11,872

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	60.86	12.32	-0.59	15.34	4.41
Diluted EPS (Rs.)	60.73	12.30	-0.59	15.34	4.41
Cash EPS (Rs.)	93.42	56.09	27.27	38.29	27.34
Book Value[Excl.RevalReserv]/Share (Rs.)	248.24	188.85	176.23	170.90	147.18
Book Value[Incl.RevalReserv]/Share (Rs.)	248.24	188.85	176.23	170.90	147.18
Revenue From Operations / Share (Rs.)	589.47	622.99	517.17	397.24	384.71
PBDIT / Share (Rs.)	85.14	79.53	47.76	53.48	50.70
PBIT / Share (Rs.)	52.56	35.76	19.90	30.53	27.77
PBT / Share (Rs.)	73.45	18.09	5.81	18.12	10.11
Net Profit / Share (Rs.)	60.84	12.32	-0.58	15.34	4.41
NP After MI And SOA / Share (Rs.)	60.84	12.32	-0.58	15.34	4.41
PBDIT Margin (%)	14.44	12.76	9.23	13.46	13.17
PBIT Margin (%)	8.91	5.73	3.84	7.68	7.21
PBT Margin (%)	12.46	2.90	1.12	4.56	2.62
Net Profit Margin (%)	10.32	1.97	-0.11	3.86	1.14
NP After MI And SOA Margin (%)	10.32	1.97	-0.11	3.86	1.14
Return on Networth / Equity (%)	24.50	6.52	-0.33	8.97	2.99
Return on Capital Employeed (%)	16.05	11.14	5.65	8.66	8.76
Return On Assets (%)	12.57	2.34	-0.10	3.12	1.04
Long Term Debt / Equity (X)	0.11	0.61	0.90	1.03	1.09
Total Debt / Equity (X)	0.41	1.22	1.34	1.16	1.09
Asset Turnover Ratio (%)	1.17	1.18	0.78	0.73	0.70
Current Ratio (X)	1.42	1.16	1.20	1.35	1.43
Quick Ratio (X)	0.99	0.84	0.85	1.00	0.99
Inventory Turnover Ratio (X)	4.44	4.80	3.88	3.54	2.88
Dividend Payout Ratio (NP) (%)	4.10	0.00	0.00	0.00	95.68
Dividend Payout Ratio (CP) (%)	2.67	0.00	0.00	0.00	15.43
Earning Retention Ratio (%)	95.90	0.00	0.00	0.00	4.32
Cash Earning Retention Ratio (%)	97.33	0.00	0.00	0.00	84.57
Interest Coverage Ratio (X)	4.23	4.50	3.39	4.31	2.87
Interest Coverage Ratio (Post Tax) (X)	1.99	1.70	0.95	2.24	1.25
Enterprise Value (Cr.)	1583.85	827.56	761.72	620.24	364.19
EV / Net Operating Revenue (X)	1.43	0.70	0.78	0.83	0.50
EV / EBITDA (X)	9.91	5.54	8.50	6.18	3.83
MarketCap / Net Operating Revenue (X)	1.30	0.40	0.41	0.43	0.18
Retention Ratios (%)	95.89	0.00	0.00	0.00	4.31
Price / BV (X)	3.10	1.34	1.22	1.01	0.48
Price / Net Operating Revenue (X)	1.30	0.40	0.41	0.43	0.18
EarningsYield	0.07	0.04	0.00	0.08	0.06

After reviewing the key financial ratios for The Hi-Tech Gears Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 60.86. This value is within the healthy range. It has increased from 12.32 (Mar 23) to 60.86, marking an increase of 48.54.
For Diluted EPS (Rs.), as of Mar 24, the value is 60.73. This value is within the healthy range. It has increased from 12.30 (Mar 23) to 60.73, marking an increase of 48.43.
For Cash EPS (Rs.), as of Mar 24, the value is 93.42. This value is within the healthy range. It has increased from 56.09 (Mar 23) to 93.42, marking an increase of 37.33.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 248.24. It has increased from 188.85 (Mar 23) to 248.24, marking an increase of 59.39.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 248.24. It has increased from 188.85 (Mar 23) to 248.24, marking an increase of 59.39.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 589.47. It has decreased from 622.99 (Mar 23) to 589.47, marking a decrease of 33.52.
For PBDIT / Share (Rs.), as of Mar 24, the value is 85.14. This value is within the healthy range. It has increased from 79.53 (Mar 23) to 85.14, marking an increase of 5.61.
For PBIT / Share (Rs.), as of Mar 24, the value is 52.56. This value is within the healthy range. It has increased from 35.76 (Mar 23) to 52.56, marking an increase of 16.80.
For PBT / Share (Rs.), as of Mar 24, the value is 73.45. This value is within the healthy range. It has increased from 18.09 (Mar 23) to 73.45, marking an increase of 55.36.
For Net Profit / Share (Rs.), as of Mar 24, the value is 60.84. This value is within the healthy range. It has increased from 12.32 (Mar 23) to 60.84, marking an increase of 48.52.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 60.84. This value is within the healthy range. It has increased from 12.32 (Mar 23) to 60.84, marking an increase of 48.52.
For PBDIT Margin (%), as of Mar 24, the value is 14.44. This value is within the healthy range. It has increased from 12.76 (Mar 23) to 14.44, marking an increase of 1.68.
For PBIT Margin (%), as of Mar 24, the value is 8.91. This value is below the healthy minimum of 10. It has increased from 5.73 (Mar 23) to 8.91, marking an increase of 3.18.
For PBT Margin (%), as of Mar 24, the value is 12.46. This value is within the healthy range. It has increased from 2.90 (Mar 23) to 12.46, marking an increase of 9.56.
For Net Profit Margin (%), as of Mar 24, the value is 10.32. This value exceeds the healthy maximum of 10. It has increased from 1.97 (Mar 23) to 10.32, marking an increase of 8.35.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 10.32. This value is within the healthy range. It has increased from 1.97 (Mar 23) to 10.32, marking an increase of 8.35.
For Return on Networth / Equity (%), as of Mar 24, the value is 24.50. This value is within the healthy range. It has increased from 6.52 (Mar 23) to 24.50, marking an increase of 17.98.
For Return on Capital Employeed (%), as of Mar 24, the value is 16.05. This value is within the healthy range. It has increased from 11.14 (Mar 23) to 16.05, marking an increase of 4.91.
For Return On Assets (%), as of Mar 24, the value is 12.57. This value is within the healthy range. It has increased from 2.34 (Mar 23) to 12.57, marking an increase of 10.23.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.11. This value is below the healthy minimum of 0.2. It has decreased from 0.61 (Mar 23) to 0.11, marking a decrease of 0.50.
For Total Debt / Equity (X), as of Mar 24, the value is 0.41. This value is within the healthy range. It has decreased from 1.22 (Mar 23) to 0.41, marking a decrease of 0.81.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.17. It has decreased from 1.18 (Mar 23) to 1.17, marking a decrease of 0.01.
For Current Ratio (X), as of Mar 24, the value is 1.42. This value is below the healthy minimum of 1.5. It has increased from 1.16 (Mar 23) to 1.42, marking an increase of 0.26.
For Quick Ratio (X), as of Mar 24, the value is 0.99. This value is below the healthy minimum of 1. It has increased from 0.84 (Mar 23) to 0.99, marking an increase of 0.15.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 4.44. This value is within the healthy range. It has decreased from 4.80 (Mar 23) to 4.44, marking a decrease of 0.36.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 4.10. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 4.10, marking an increase of 4.10.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 2.67. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 2.67, marking an increase of 2.67.
For Earning Retention Ratio (%), as of Mar 24, the value is 95.90. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 95.90, marking an increase of 95.90.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 97.33. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 97.33, marking an increase of 97.33.
For Interest Coverage Ratio (X), as of Mar 24, the value is 4.23. This value is within the healthy range. It has decreased from 4.50 (Mar 23) to 4.23, marking a decrease of 0.27.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.99. This value is below the healthy minimum of 3. It has increased from 1.70 (Mar 23) to 1.99, marking an increase of 0.29.
For Enterprise Value (Cr.), as of Mar 24, the value is 1,583.85. It has increased from 827.56 (Mar 23) to 1,583.85, marking an increase of 756.29.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.43. This value is within the healthy range. It has increased from 0.70 (Mar 23) to 1.43, marking an increase of 0.73.
For EV / EBITDA (X), as of Mar 24, the value is 9.91. This value is within the healthy range. It has increased from 5.54 (Mar 23) to 9.91, marking an increase of 4.37.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.30. This value is within the healthy range. It has increased from 0.40 (Mar 23) to 1.30, marking an increase of 0.90.
For Retention Ratios (%), as of Mar 24, the value is 95.89. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 95.89, marking an increase of 95.89.
For Price / BV (X), as of Mar 24, the value is 3.10. This value exceeds the healthy maximum of 3. It has increased from 1.34 (Mar 23) to 3.10, marking an increase of 1.76.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.30. This value is within the healthy range. It has increased from 0.40 (Mar 23) to 1.30, marking an increase of 0.90.
For EarningsYield, as of Mar 24, the value is 0.07. This value is below the healthy minimum of 5. It has increased from 0.04 (Mar 23) to 0.07, marking an increase of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of The Hi-Tech Gears Ltd as of April 25, 2025 is: 626.59

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.

As of April 25, 2025, The Hi-Tech Gears Ltd is Undervalued by 1.88% compared to the current share price 615.00

Intrinsic Value of The Hi-Tech Gears Ltd as of April 25, 2025 is: 695.36

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 25, 2025, The Hi-Tech Gears Ltd is Undervalued by 13.07% compared to the current share price 615.00

Last 5 Year EPS CAGR: 10.98%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (576.90 cr) and profit (45.60 cr) over the years.	The stock has a low average ROCE of 7.33%, which may not be favorable. The stock has a high average Working Capital Days of 46.44, which may not be favorable. The stock has a high average Cash Conversion Cycle of 55.56, which may not be favorable. The company has higher borrowings (348.10) compared to reserves (281.30), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in The Hi-Tech Gears Ltd:
1. Net Profit Margin: 10.32%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 16.05% (Industry Average ROCE: 7.59%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 24.5% (Industry Average ROE: 8.48%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.99
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.99
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 24.4 (Industry average Stock P/E: 20.95)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.41
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

The Hi-Tech Gears Ltd. is a Public Limited Listed company incorporated on 23/10/1986 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L29130HR1986PLC081555 and registration number is 004536. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company's Total Operating Revenue is Rs. 779.98 Cr. and Equity Capital is Rs. 18.78 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Gears & Drive	Plot No. 24, 25 & 26, Gurgaon Haryana 122050	secretarial@thehitechgears.com http://www.thehitechgears.com

Management
Name	Position Held
Mr. Deep Kapuria	Executive Chairman
Mr. Anant Jaivant Talaulicar	Vice Chairman
Mr. Pranav Kapuria	Managing Director
Mr. Amresh Kumar Verma	Executive Director
Mr. Girish Narang	Executive Director
Mr. Anuj Kapuria	Executive Director
Mr. Bidadi Anjani Kumar	Non Executive Director
Mr. Kawal Jain	Non Executive Director
Mr. Anil Kumar Khanna	Independent Director
Mr. Sandeep Dinodia	Independent Director
Mr. Vinit Taneja	Independent Director
Mr. Krishan Chandra Verma	Independent Director
Ms. Malini Sud	Independent Director
Mr. Rajiv Batra	Independent Director
Mr. Ramesh Shankarmal Pilani	Independent Director
Mr. Deval Mahadev Desai	Independent Director
Mr. Sameer Gupta	Independent Director
Mr. Arjun Juneja	Independent Director
Mr. Vikram Rupchand Jaisinghani	Independent Director

FAQ

What is the intrinsic value of The Hi-Tech Gears Ltd?

The Hi-Tech Gears Ltd's intrinsic value (as of 25 April 2025) is ₹626.59 — 1.88% higher the current market price of 615.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,182 Cr. market cap, FY2025-2026 high/low of ₹1,199/515, reserves of 471 Cr, and liabilities of 879 Cr.

What is the Market Cap of The Hi-Tech Gears Ltd?

The Market Cap of The Hi-Tech Gears Ltd is 1,182 Cr..

What is the current Stock Price of The Hi-Tech Gears Ltd as on 25 April 2025?

The current stock price of The Hi-Tech Gears Ltd as on 25 April 2025 is 615.

What is the High / Low of The Hi-Tech Gears Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of The Hi-Tech Gears Ltd stocks is ₹1,199/515.

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

The Stock P/E of The Hi-Tech Gears Ltd is 24.4.

What is the Book Value of The Hi-Tech Gears Ltd?

The Book Value of The Hi-Tech Gears Ltd is 261.

What is the Dividend Yield of The Hi-Tech Gears Ltd?

The Dividend Yield of The Hi-Tech Gears Ltd is 0.81 %.

What is the ROCE of The Hi-Tech Gears Ltd?

The ROCE of The Hi-Tech Gears Ltd is 12.5 %.

What is the ROE of The Hi-Tech Gears Ltd?

The ROE of The Hi-Tech Gears Ltd is 12.2 %.

What is the Face Value of The Hi-Tech Gears Ltd?

The Face Value of The Hi-Tech Gears Ltd is 10.0.