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Last Updated: April 2, 2026, 3:48 am
Author: Getaka|Social: XLinkedIn

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

Fair Value

₹849.73Undervalued by 49.60%vs CMP ₹568.00

P/E (47.3) × ROE (8.4%) × BV (₹265.00) × DY (0.88%)

₹548.67Fairly Valued by 3.40%vs CMP ₹568.00
MoS: -3.5% (Negative)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,432.3623%Under (+152.2%)
Graham NumberEarnings₹267.7117%Over (-52.9%)
Earnings PowerEarnings₹123.1211%Over (-78.3%)
DCFCash Flow₹203.8511%Over (-64.1%)
Net Asset ValueAssets₹265.397%Over (-53.3%)
EV/EBITDAEnterprise₹750.429%Under (+32.1%)
Earnings YieldEarnings₹120.207%Over (-78.8%)
ROCE CapitalReturns₹260.997%Over (-54.1%)
Revenue MultipleRevenue₹246.516%Over (-56.6%)
Consensus (9 models)₹548.67100%Fairly Valued
Key Drivers: EPS CAGR 68.6% lifts DCF — verify sustainability. | Wide model spread (₹120–₹1,432) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 68.6%

*Investments are subject to market risks

Investment Snapshot

46
The Hi-Tech Gears Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 11.5% AverageROE 8.4% AverageD/E 1.16 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 56.2% Stable
Earnings Quality65/100 · Strong
OPM expanding (10% → 15%) Improving
Quarterly Momentum15/100 · Weak
Revenue (4Q): -10% YoY DecliningProfit (4Q): -53% YoY DecliningOPM: 9.8% (down 3.1% YoY) Margin pressure
Industry Rank45/100 · Moderate
P/E 47.3 vs industry 24.3 Premium to peersROCE 11.5% vs industry 7.6% Above peers3Y sales CAGR: -2% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:48 am

Market Cap 1,068 Cr.
Current Price 568
Intrinsic Value₹548.67
High / Low 897/521
Stock P/E47.3
Book Value 265
Dividend Yield0.88 %
ROCE11.5 %
ROE8.40 %
Face Value 10.0
PEG Ratio0.69

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

View Share Price Target for The Hi-Tech Gears Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
The Hi-Tech Gears Ltd 1,068 Cr. 568 897/52147.3 2650.88 %11.5 %8.40 % 10.0
Him Teknoforge Ltd 193 Cr. 187 272/15214.9 2380.27 %9.33 %4.93 % 2.00
Bharat Gears Ltd 139 Cr. 90.8 154/65.210.6 79.40.00 %1.88 %11.8 % 10.0
Industry Average466.67 Cr281.9324.27194.130.38%7.57%8.38%7.33

All Competitor Stocks of The Hi-Tech Gears Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 277.16286.55263.50283.64272.91286.87260.63246.39205.06214.88215.55240.74223.52
Expenses 239.37253.37230.29248.50232.16246.04219.69211.21178.51181.66189.40212.94201.60
Operating Profit 37.7933.1833.2135.1440.7540.8340.9435.1826.5533.2226.1527.8021.92
OPM % 13.63%11.58%12.60%12.39%14.93%14.23%15.71%14.28%12.95%15.46%12.13%11.55%9.81%
Other Income 2.180.943.0978.452.073.332.411.913.104.304.552.373.07
Interest 8.548.739.0013.878.216.696.455.654.934.343.793.573.89
Depreciation 23.6815.1315.0115.0214.8716.2815.5916.0015.9515.9316.4017.0117.97
Profit before tax 7.7510.2612.2984.7019.7421.1921.3115.448.7717.2510.519.593.13
Tax % 66.84%-62.18%24.33%14.75%24.52%15.90%33.18%38.21%21.66%43.65%42.91%37.33%72.84%
Net Profit 2.5716.649.3072.2214.9117.8314.249.546.879.726.006.010.86
EPS in Rs 1.378.874.9638.487.949.507.585.083.665.173.193.200.46

Last Updated: March 3, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 4:11 am

MetricMar 2006Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1954717499147227469711,1691,107927895
Expenses 1784156548006386568891,028957791786
Operating Profit 175695113849082141150136109
OPM % 9%12%13%12%12%12%8%12%14%15%12%
Other Income 772017111088871214
Interest 54242933232633382116
Depreciation 926394243435282616367
Profit before tax 9335259193411341386340
Tax % 40%38%34%39%56%15%110%32%17%36%
Net Profit 6203436829-1231144023
EPS in Rs 10.7318.2418.964.4115.34-0.5912.3160.8421.4812.02
Dividend Payout % 42%23%19%18%34%13%-256%20%8%23%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)70.00%5.88%-77.78%262.50%-103.45%2400.00%395.65%-64.91%
Change in YoY Net Profit Growth (%)0.00%-64.12%-83.66%340.28%-365.95%2503.45%-2004.35%-460.56%

The Hi-Tech Gears Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:-2%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:37%
3 Years:264%
TTM:-40%
Stock Price CAGR
10 Years:9%
5 Years:37%
3 Years:44%
1 Year:-29%
Return on Equity
10 Years:%
5 Years:8%
3 Years:9%
Last Year:9%

Last Updated: September 5, 2025, 1:45 pm

Balance Sheet

Last Updated: December 10, 2025, 3:32 am

MonthMar 2006Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 919191919191919191919
Reserves 30183222253257302312336447465480
Borrowings 90319366440352427471457298202181
Other Liabilities 52160128155161174201171144118133
Total Liabilities 1816807348677899221,002983908804813
Fixed Assets 105403423444446468528496462445438
CWIP 711131934713813416
Investments 000481012121211
Other Assets 70267298400301373424462430357368
Total Assets 1816807348677899221,002983908804813

Reserves and Borrowings Chart

Cash Flow

MonthMar 2006Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 15541547184375654117149
Cash from Investing Activity + -48-119-72-85-40-51-56-41143-1
Cash from Financing Activity + 33261860-1512511-41-280-150
Net Cash Flow 1-40-3922-71210-27-19-3
Free Cash Flow -3239-48-39156-21-332254126
CFO/OP 101%120%39%54%230%56%86%53%90%122%

Free Cash Flow

MonthMar 2006Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-73.00-263.00-271.00-327.00-268.00-337.00-389.00-316.00-148.00-66.00

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

MonthMar 2006Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 34827568467365656660
Inventory Days 124856687929188757999
Days Payable 158867579102112109736966
Cash Conversion Cycle 0816676375245677693
Working Capital Days 39-30241487-7-52349
ROCE %13%12%8%8%5%8%12%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.22%56.26%56.26%56.26%56.23%56.23%56.23%56.23%56.19%56.19%56.19%56.19%
FIIs 0.00%0.00%0.02%0.00%0.06%0.01%0.00%0.00%0.01%0.00%0.00%0.00%
Government 0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public 43.77%43.72%43.69%43.73%43.70%43.75%43.75%43.75%43.80%43.79%43.80%43.80%
No. of Shareholders 6,3097,1767,4147,2849,56711,87211,84111,22710,82510,55110,2169,852

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 21.4960.8612.32-0.5915.34
Diluted EPS (Rs.) 21.4660.7312.30-0.5915.34
Cash EPS (Rs.) 55.2593.4256.0927.2738.29
Book Value[Excl.RevalReserv]/Share (Rs.) 257.32248.24188.85176.23170.90
Book Value[Incl.RevalReserv]/Share (Rs.) 257.32248.24188.85176.23170.90
Revenue From Operations / Share (Rs.) 493.25589.47622.99517.17397.24
PBDIT / Share (Rs.) 78.5485.1479.5347.7653.48
PBIT / Share (Rs.) 44.7752.5635.7619.9030.53
PBT / Share (Rs.) 33.4073.4518.095.8118.12
Net Profit / Share (Rs.) 21.4860.8412.32-0.5815.34
NP After MI And SOA / Share (Rs.) 21.4860.8412.32-0.5815.34
PBDIT Margin (%) 15.9214.4412.769.2313.46
PBIT Margin (%) 9.078.915.733.847.68
PBT Margin (%) 6.7712.462.901.124.56
Net Profit Margin (%) 4.3510.321.97-0.113.86
NP After MI And SOA Margin (%) 4.3510.321.97-0.113.86
Return on Networth / Equity (%) 8.3424.506.52-0.338.97
Return on Capital Employeed (%) 13.5916.0511.145.658.66
Return On Assets (%) 5.0112.572.34-0.103.12
Long Term Debt / Equity (X) 0.040.110.610.901.03
Total Debt / Equity (X) 0.160.411.221.341.16
Asset Turnover Ratio (%) 1.081.171.180.780.73
Current Ratio (X) 1.861.421.161.201.35
Quick Ratio (X) 1.190.990.840.851.00
Inventory Turnover Ratio (X) 7.444.444.803.883.54
Dividend Payout Ratio (NP) (%) 23.264.100.000.000.00
Dividend Payout Ratio (CP) (%) 9.042.670.000.000.00
Earning Retention Ratio (%) 76.7495.900.000.000.00
Cash Earning Retention Ratio (%) 90.9697.330.000.000.00
Interest Coverage Ratio (X) 6.914.234.503.394.31
Interest Coverage Ratio (Post Tax) (X) 2.891.991.700.952.24
Enterprise Value (Cr.) 1182.301583.85827.56761.72620.24
EV / Net Operating Revenue (X) 1.281.430.700.780.83
EV / EBITDA (X) 8.019.915.548.506.18
MarketCap / Net Operating Revenue (X) 1.231.300.400.410.43
Retention Ratios (%) 76.7395.890.000.000.00
Price / BV (X) 2.353.101.341.221.01
Price / Net Operating Revenue (X) 1.231.300.400.410.43
EarningsYield 0.030.070.040.000.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 657.61 Cr. and Equity Capital is Rs. 18.79 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Gears & DrivePlot No. 24, 25 & 26, Gurgaon Haryana 122050Contact not found
Management
NamePosition Held
Mr. Deep KapuriaExecutive Chairman
Mr. Anant Jaivant TalaulicarVice Chairman
Mr. Pranav KapuriaManaging Director
Mr. Anuj KapuriaExecutive Director
Mr. Vijay MathurExecutive Director
Mr. Bidadi Anjani KumarNon Executive Director
Mr. Kawal JainNon Executive Director
Ms. Suchitra RajendraIndependent Director
Mr. Rajiv BatraIndependent Director
Mr. Vishal SethIndependent Director
Mr. Arjun JunejaIndependent Director
Mr. Vikram Rupchand JaisinghaniIndependent Director
Mr. Deval Mahadev DesaiIndependent Director
Mr. Ramakrishnan RamanathanIndependent Director

FAQ

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

As of 12 April 2026, The Hi-Tech Gears Ltd's intrinsic value is ₹548.67, which is 3.40% lower than the current market price of ₹568.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.40 %), book value (₹265), dividend yield (0.88 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of The Hi-Tech Gears Ltd?

The Hi-Tech Gears Ltd is trading at ₹568.00 as of 12 April 2026, with a FY2026-2027 high of ₹897 and low of ₹521. The stock is currently near its 52-week low. Market cap stands at ₹1,068 Cr..

How does The Hi-Tech Gears Ltd's P/E ratio compare to its industry?

The Hi-Tech Gears Ltd has a P/E ratio of 47.3, which is above the industry average of 24.27. The premium over industry average may reflect growth expectations or speculative interest.

Is The Hi-Tech Gears Ltd financially healthy?

Key indicators for The Hi-Tech Gears Ltd: ROCE of 11.5 % is moderate. Dividend yield is 0.88 %.

Is The Hi-Tech Gears Ltd profitable and how is the profit trend?

The Hi-Tech Gears Ltd reported a net profit of ₹40 Cr in Mar 2025 on revenue of ₹927 Cr. Compared to ₹-1 Cr in Mar 2022, the net profit shows an improving trend.

Does The Hi-Tech Gears Ltd pay dividends?

The Hi-Tech Gears Ltd has a dividend yield of 0.88 % at the current price of ₹568.00. The company pays dividends, though the yield is modest.

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 The Hi-Tech Gears 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
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