The Hi-Tech Gears Limited (HITECHGEAR)

Loading page…

The Hi-Tech Gears Limited (HITECHGEAR) · mywealthgrid

About

Hi-Tech Gears Limited manufactures and supplies auto components and equipment for India's automotive industry. With a market capitalisation of ₹1,034 Crore, it operates as a mid-cap player in the cyclical Consumer Discretionary sector, typically serving OEMs and Tier-1 suppliers.

Face value: ₹10

Market cap

₹1,131 Cr

P/E

57.3×

P/B

2.2×

Dividend yield

1.5%

ROE

4.2%

ROCE

7.6%

Debt / equity

0.35

OPM

11.1%

EPS (TTM)

₹10.5

Book value

₹277.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation-profitability mismatch: PE of 52.38 against ROE of 4.17% leaves minimal room for disappointment.
Institutional void: Zero FII and DII ownership creates liquidity risk; verify float depth and trading volume.
Earnings volatility: Quarterly profits range from ₹0.86 Crore to ₹9.89 Crore, signalling operational or seasonal instability.
Cyclical exposure: Auto component demand follows OEM production cycles; verify customer concentration and contract terms.

Generated analysis · source review pending

Growth drivers

Operating margins stable at ~11% across recent quarters suggest pricing discipline or cost control; verify sustainability amid commodity inflation.
Dividend consistency over five years (2021–2026) indicates underlying cash generation; verify trend in payout ratio and free cash flow.
Quarterly revenue peaks at ₹240.74 Crore (Sep 2025) and ₹237.69 Crore (Jun 2026); clarify whether this reflects new contracts, capacity recovery, or seasonal drivers.
Auto component sector transformation: EV adoption and supply-chain consolidation reshape component demand; verify company's exposure to electric powertrains and Tier-1 OEM wins.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹601.8-3.8%1Y

Quick read

rule-based

Pros

+Dividend payout of 85.7% of profit

Cons

−Profit declined 6.1% a year over the last 5 years
−Modest revenue growth of 4% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

27/100

Business quality: 26
Growth: 13
Valuation: 44

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	760	914	722	746	971	1,169	1,107	927	908
COGS	337	417	337	367	482	599	569	462	459
Gross profit	423	497	385	378	489	570	538	465	449
	328	384	301	288	407	429	388	329	348
	95	113	84	90	82	141	150	136	101
OPM %	12.5%	12.4%	11.6%	12.1%	8.4%	12.1%	13.6%	14.7%	11.1%
Depreciation	39	42	43	43	52	82	61	63	67
Interest	24	29	33	23	26	33	38	21	15
	20	17	11	10	8	8	87	12	14
Profit before tax	52	59	19	34	11	34	138	63	33
Tax	17	23	11	5	12	11	24	22	12
Tax %	33.5%	39.2%	56.4%	15.4%	110.1%	31.9%	17.2%	35.7%	37%
	34	36	8	29	-1	23	114	40	21
PAT margin %	4.5%	3.9%	1.2%	3.9%	-0.1%	2%	10.3%	4.4%	2.3%
EPS (₹)	18.3	19	4.4	15.3	-0.6	12.3	60.9	21.5	11.2
EPS adjusted (₹)	18.2	19	4.4	15.3	-0.6	12.3	60.8	21.5	11.2
	19.2%	18.5%	34%	13%	—	20.3%	8.2%	23.3%	35.8%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	19	19	19	19	19	19	19	19	19	19
Reserves	181	222	253	257	302	312	336	447	465	504
Minority interest	—	—	—	—	—	—	—	—	0	—
	41	343	402	301	398	444	457	298	202	183
	86	150	194	212	203	228	174	144	118	134
Total equity & liabilities	327	734	868	789	922	1,002	985	908	804	839
	180	423	444	435	438	501	496	462	445	436
CWIP	3	13	19	34	71	38	13	4	1	7
Investments	0	0	4	8	10	12	12	12	1	1
	144	298	400	312	404	451	464	430	357	396
Total assets	327	734	868	789	922	1,002	985	908	804	839

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
India	680.03	50.55	527.11	195.03	332.08	15.22
Canada	231.86	-0.44

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	54.4%	53.3%	50.8%	50.3%	48.7%	48.6%	50.1%	49.5%
EBITDA margin %	12.4%	11.6%	12.1%	8.4%	12.1%	13.6%	14.7%	11.1%
EBIT margin %	7.8%	5.6%	6.3%	3%	5.1%	8%	7.8%	3.7%
PAT margin %	3.9%	1.2%	3.9%	-0.1%	2%	10.3%	4.4%	2.3%
Working capital
Receivable days	68	46	73	65	65	66	60	70
Inventory days	94	92	91	88	75	79	99	112
Payable days	85	102	112	109	73	69	66	80
NWC days	76	37	52	45	67	76	93	101
Leverage
Current ratio	1.35	1.43	1.35	1.2	1.16	1.42	1.86	2.01
Debt to EBITDA	3.55	3.59	4.43	5.43	3.24	1.99	1.49	1.81
Debt to equity	1.48	1.09	1.24	1.34	1.29	0.64	0.42	0.35
Interest coverage	3	1.6	2.5	1.4	2	2.6	3.9	3.2
Asset turnover	1.05	0.91	0.81	0.97	1.19	1.22	1.15	1.08
Return ratios
Return on assets %	4.1%	1%	3.1%	-0.1%	2.3%	12.6%	5%	2.5%
Return on capital employed %	15.5%	8.7%	9.1%	5.7%	10.6%	16.2%	13.6%	7.6%
Return on equity %	13.1%	3%	9%	-0.3%	6.5%	24.5%	8.3%	4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.26%	56.26%	56.23%	56.23%	56.23%	56.23%	56.18%	56.18%	56.18%	56.18%	56.12%	56.12%
FII	0.02%	0%	0.06%	0.01%	0%	0%	0.01%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0.02%	0.02%	0.02%	0.02%
	43.72%	43.74%	43.71%	43.76%	43.77%	43.77%	43.81%	43.82%	43.8%	43.8%	43.86%	43.86%
No. of shareholders	—	—	—	—	—	—	—	—	10,216	9,852	9,571	9,484

Promoter holding down 0.14 percentage points since Sep 2023.

6 deals · 16 Nov 2023 – 22 Mar 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Mar 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,04,220	₹645.23	₹6.72 Cr
22 Mar 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,04,220	₹644.88	₹6.72 Cr
17 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,01,762	₹495.40	₹5.04 Cr
17 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,01,762	₹494.73	₹5.03 Cr
16 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,07,498	₹463.88	₹4.99 Cr
16 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,07,498	₹463.89	₹4.99 Cr

1–6 of 6

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Deep KapuriaExecutive Director-Chairperson
Mr. Pranav KapuriaExecutive Director-MD
Mr. Anuj KapuriaExecutive Director
Mr. Bidadi Anjani KumarNon-Executive - Non Independent Director
Mr. Anant Jaivant TalaulicarNon-Executive - Non Independent Director
Mr. Rajiv BatraNon-Executive - Independent Director
Mr. Kawal JainNon-Executive - Non Independent Director
Mr. Ramakrishnan RamanathanNon-Executive - Independent Director
Mr. Deval Mahadev DesaiNon-Executive - Independent Director
Mr. Vikram Rupchand JaisinghaniNon-Executive - Independent Director
Mr. Arjun JunejaNon-Executive - Independent Director

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in The Hi-Tech Gears Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

29

Final dividend15 Sept 2026 · ex-date₹4
Final dividend19 Sept 2025 · ex-date₹5
Final dividend19 Sept 2024 · ex-date₹5
Final dividend21 Sept 2023 · ex-date₹2.5
Final dividend21 Sept 2022 · ex-date₹1.5
Final dividend21 Sept 2021 · ex-date₹2
Interim dividend18 Feb 2020 · ex-date₹1.5
Final dividend19 Sept 2019 · ex-date₹2
Interim dividend14 Feb 2019 · ex-date₹1.5
Final dividend19 Sept 2018 · ex-date₹2
Interim dividend15 Feb 2018 · ex-date₹1.5
Final dividend21 Sept 2017 · ex-date₹1.25
Interim dividend22 Feb 2017 · ex-date₹1.25
Final dividend15 Sept 2016 · ex-date₹1.5
Interim dividend25 Feb 2016 · ex-date₹1.5
Final dividend21 Sept 2015 · ex-date₹1.5
Interim dividend24 Feb 2015 · ex-date₹1
Final dividend8 Sept 2014 · ex-date₹1.5
Interim dividend25 Feb 2014 · ex-date₹1
Final dividend18 Sept 2013 · ex-date₹1.5
Interim dividend25 Feb 2013 · ex-date₹1
Final dividend13 Sept 2012 · ex-date₹2.5
Interim dividend23 Feb 2012 · ex-date₹2
Final dividend14 Sept 2011 · ex-date₹2.5
Interim dividend17 Mar 2011 · ex-date₹1.5
Dividend dividend15 Sept 2010 · ex-date₹4.5
Final dividend10 Sept 2009 · ex-date₹1.5
Final dividend10 Sept 2008 · ex-date₹3
Final dividend5 Sept 2007 · ex-date₹1

1

Board meeting to consider results6 Aug 2026

1

Bonus 1:11 Dec 2010 · ex-date

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

1 Oct 2026, 4:14 pmCompany Update

Disclosure Under Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015

General PDF

29 Sept 2026, 5:21 pmCompany Update

Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

Updates - Corporate Insolvency Resolution Process (CIRP) PDF

22 Sept 2026, 6:40 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

29 Aug 2026, 11:08 amCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

29 Aug 2026, 11:01 amCompany Update

Announcement under Regulation 30 (LODR)-Cessation

Cessation PDF

24 Aug 2026, 12:03 pmCompany Update

Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

Updates - Corporate Insolvency Resolution Process (CIRP) PDF

22 Aug 2026, 10:34 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

21 Aug 2026, 4:14 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
1 Oct 2026, 4:14 pm	Company Update General	Disclosure Under Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015	PDF
29 Sept 2026, 5:21 pm	Company Update Updates - Corporate Insolvency Resolution Process (CIRP)	Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	54.4%	53.3%	50.8%	50.3%	48.7%	48.6%	50.1%	49.5%
EBITDA margin %	12.4%	11.6%	12.1%	8.4%	12.1%	13.6%	14.7%	11.1%
EBIT margin %	7.8%	5.6%	6.3%	3%	5.1%	8%	7.8%	3.7%
PAT margin %	3.9%	1.2%	3.9%	-0.1%	2%	10.3%	4.4%	2.3%
Working capital
Receivable days	68	46	73	65	65	66	60	70
Inventory days	94	92	91	88	75	79	99	112
Payable days	85	102	112	109	73	69	66	80
NWC days	76	37	52	45	67	76	93	101
Leverage
Current ratio	1.35	1.43	1.35	1.2	1.16	1.42	1.86	2.01
Debt to EBITDA	3.55	3.59	4.43	5.43	3.24	1.99	1.49	1.81
Debt to equity	1.48	1.09	1.24	1.34	1.29	0.64	0.42	0.35
Interest coverage	3	1.6	2.5	1.4	2	2.6	3.9	3.2
Asset turnover	1.05	0.91	0.81	0.97	1.19	1.22	1.15	1.08
Return ratios
Return on assets %	4.1%	1%	3.1%	-0.1%	2.3%	12.6%	5%	2.5%
Return on capital employed %	15.5%	8.7%	9.1%	5.7%	10.6%	16.2%	13.6%	7.6%
Return on equity %	13.1%	3%	9%	-0.3%	6.5%	24.5%	8.3%	4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	54	15	47	184	37	56	54	117	168	82
	-119	-72	-85	-40	-51	-56	-41	143	-20	-30
	26	18	60	-151	25	11	-41	-280	-150	-57
Net cash flow	-40	-39	22	-7	12	10	-27	-19	-3	-5
Free cash flow	—	—	—	—	-21	-5	25	83	144	50
CFO / Operating profit %	—	16.2%	41.7%	219.4%	41.5%	68%	38.3%	78.3%	123.4%	80.8%

The Hi-Tech Gears Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

29

1

1

Announcements

29

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Canada · revenue

The Hi-Tech Gears Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends29

Board meetings1

Bonus issues1

Announcements

Dividends29

Board meetings1

Bonus issues1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Canada · revenue

29

1

1

29

1

1