Hitech Corp.

Market Cap: Micro Cap
Industry: Packaging
ISIN: INE120D01012
NSEID: HITECHCORP
BSEID: 526217

INR

180.00

4 (2.27%)

BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 6.6 k

Click here to access the older version

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

6.6 k (-33.56%) Volume

Shareholding (Dec 2024)

FII

0.14%

Held by 4 FIIs

DII

0.06%

Held by 0 DIIs

Promoter

74.43%

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Poor long term growth as Net Sales has grown by an annual rate of 3.92% and Operating profit at 1.80% over the last 5 years

With a fall in Net Sales of -16.05%, the company declared Very Negative results in Dec 24

Stock is technically in a Bearish range

Consistent Underperformance against the benchmark over the last 3 years

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Packaging

Market cap

INR 309 Cr (Micro Cap)

P/E

21.00

Industry P/E

Dividend Yield

0.57%

Debt Equity

0.27

Return on Equity

5.49%

Price to Book

1.15

Revenue and Profits (1 Year):

Net Sales:

123 Cr

(Quarterly Results - Dec 2024)

Net Profit:

1 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0.57%)

TimePeriod

Price Return

Dividend Return

Total Return

6 Months

-44.41%

1 Year

-18.86%

0.45%

-18.41%

2 Years

1.12%

1.10%

2.22%

3 Years

-36.8%

1.24%

-35.56%

4 Years

29.45%

2.44%

31.89%

5 Years

275.0%

6.50%

281.5%

Latest dividend: 1 per share ex-dividend date: Jul-19-2024

Risk Adjusted Returns v/s Sensex

Returns Beta

Beta has not been calculated since enough price history is not available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

3.92%

EBIT Growth (5y)

1.80%

EBIT to Interest (avg)

2.60

Debt to EBITDA (avg)

2.22

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

1.55

Tax Ratio

24.67%

Dividend Payout Ratio

7.81%

Pledged Shares

Institutional Holding

0.21%

ROCE (avg)

12.20%

ROE (avg)

9.08%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.15

EV to EBIT

11.63

EV to EBITDA

5.57

EV to Capital Employed

1.12

EV to Sales

0.68

PEG Ratio

Dividend Yield

0.57%

ROCE (Latest)

10.24%

ROE (Latest)

5.49%

Tecnicals key factors

Indicator

Weekly

Monthly

MACD

Bearish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Dow Theory

Mildly Bearish

No Trend

OBV

Mildly Bearish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2024

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 4 FIIs (0.14%)

Promoter with highest holding

Geetanjali Trading And Investments Private Limited (69.11%)

Highest Public shareholder

None

Individual Investors Holdings

18.83%

Financial

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    "link": "quarterly",
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    "header": "Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -16.05% vs 2.73% in Sep 2024",
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      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -51.03% vs -27.90% in Sep 2024",
        "dir": -1
      }
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    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
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      "body": [
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          "val2": "146.51",
          "chgp": "-16.05%",
          "chgp_class": "negative"
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "13.22",
          "val2": "16.91",
          "chgp": "-21.82%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "3.90",
          "val2": "4.10",
          "chgp": "-4.88%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "1.43",
          "val2": "2.92",
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        {
          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "11.54%",
          "chgp": "-0.79%",
          "chgp_class": "negative"
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      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "",
        "Change(%)"
      ],
      "body": [
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          "field": "Net Sales",
          "val1": "289.13",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "32.91",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Interest",
          "val1": "8.05",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.77",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "6.67",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.38%",
          "val2": "NA%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
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    ],
    "table": {
      "header": [
        "Dec'24",
        "",
        "Change(%)"
      ],
      "body": [
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          "field": "Net Sales",
          "val1": "412.13",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "45.96",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Interest",
          "val1": "11.95",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
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        {
          "field": "Exceptional Items",
          "val1": "0.77",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
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        {
          "field": "Consolidate Net Profit",
          "val1": "7.93",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.15%",
          "val2": "NA%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 0.56% vs -5.06% in Mar 2023",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is -22.34% vs -24.25% in Mar 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
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          "val2": "558.67",
          "chgp": "0.56%",
          "chgp_class": "positive"
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "72.37",
          "val2": "72.67",
          "chgp": "-0.41%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "14.26",
          "val2": "13.77",
          "chgp": "3.56%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "3.81",
          "chgp": "-100.00%",
          "chgp_class": "negative"
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          "field": "Standalone Net Profit",
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          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "13.01%",
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    }
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]

Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ

Dec'24

Sep'24

Change(%)

Net Sales

123.00

146.51

-16.05%

Operating Profit (PBDIT) excl Other Income

13.22

16.91

-21.82%

Interest

3.90

4.10

-4.88%

Exceptional Items

0.00

Standalone Net Profit

1.43

2.92

-51.03%

Operating Profit Margin (Excl OI)

10.75%

11.54%

-0.79%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2024 is -16.05% vs 2.73% in Sep 2024

Standalone Net Profit

QoQ Growth in quarter ended Dec 2024 is -51.03% vs -27.90% in Sep 2024

All Quarterly Results

Half Yearly Results Snapshot (Consolidated) - Sep'24

Sep'24

Change(%)

Net Sales

289.13

Operating Profit (PBDIT) excl Other Income

32.91

Interest

8.05

Exceptional Items

0.77

Consolidate Net Profit

6.67

Operating Profit Margin (Excl OI)

11.38%

NA%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Consolidated Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Consolidated) - Dec'24

Dec'24

Change(%)

Net Sales

412.13

Operating Profit (PBDIT) excl Other Income

45.96

Interest

11.95

Exceptional Items

0.77

Consolidate Net Profit

7.93

Operating Profit Margin (Excl OI)

11.15%

NA%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Consolidated Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'24

Mar'24

Mar'23

Change(%)

Net Sales

561.79

558.67

0.56%

Operating Profit (PBDIT) excl Other Income

72.37

72.67

-0.41%

Interest

14.26

13.77

3.56%

Exceptional Items

0.00

3.81

-100.00%

Standalone Net Profit

22.00

28.33

-22.34%

Operating Profit Margin (Excl OI)

12.88%

13.01%

-0.13%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2024 is 0.56% vs -5.06% in Mar 2023

Standalone Net Profit

YoY Growth in year ended Mar 2024 is -22.34% vs -24.25% in Mar 2023

All Annual Results

Company CV

About Hitech Corporation Ltd

Hitech Corporation Ltd

Micro Cap

Packaging

Hitech Corporation Ltd (Formerly known as Hi-Tech Plast Limited), incorporated in October, 1991, is a leading manufacturer of rigid plastic packaging solutions for a variety of customer segments from industries such as paints and coatings, agrochemicals, personal care, home care, pharmaceuticals, food & beverage and oils & lubricants.

Company Coordinates

Company Details

Unit 201 2nd Flr Welspun House, S B Marg Lower Parel (W) Mumbai Maharashtra : 400013

Tel: 91-22-40016500

http://www.hitechgroup.com

investor.help@hitechgroup.com

Registrar Details

Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S Marg, Bhandup , Mumbai