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BSE: 522073 | NSE: HITECHGEAR | Auto Ancillary | Small Cap
1. Is The Hi-Tech Gears Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that The Hi-Tech Gears Ltd is a average quality company.
2. Is The Hi-Tech Gears Ltd undervalued or overvalued?
The key valuation ratios of The Hi-Tech Gears Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is The Hi-Tech Gears Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of The Hi-Tech Gears Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 9.5% | 9.3% | 9.6% | 9.9% | 7.7% | 9.9% | 9% | 4.6% | 9.4% | 9% | - | ||
| Value Creation Index ⓘ | -0.3 | -0.3 | -0.3 | -0.3 | -0.5 | -0.3 | -0.4 | -0.7 | -0.3 | -0.4 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 373 | 361 | 432 | 450 | 448 | 527 | 647 | 509 | 522 | 645 | 752 | ||
| YoY Gr. Rt. % | - | -3.3% | 19.6% | 4.2% | -0.4% | 17.6% | 22.8% | -21.3% | 2.6% | 23.4% | - | ||
| Adj EPS ⓘ | 8.6 | 8.5 | 10 | 11.3 | 10.7 | 16.8 | 15.8 | 4.1 | 17.7 | 19 | 27.3 | ||
| YoY Gr. Rt. % | - | -1.3% | 17.2% | 12.7% | -5% | 56.4% | -5.7% | -74.4% | 336.1% | 7.3% | - | ||
| BVPS (₹) ⓘ | 72.5 | 77.8 | 80.7 | 88.4 | 114.3 | 128.1 | 142.9 | 142.1 | 164 | 186.1 | 205.5 | ||
| Adj Net Profit ⓘ | 16.2 | 16 | 18.8 | 21.1 | 20.1 | 31.4 | 29.6 | 7.6 | 33.2 | 35.6 | 51 | ||
| Cash Flow from Ops. ⓘ | 69.8 | 17.7 | 39.1 | 50.4 | 37.2 | 45.5 | 37.1 | 144 | 57.5 | 53.2 | - | ||
| Debt/CF from Ops. ⓘ | 0.7 | 2.4 | 1.1 | 0.8 | 3.3 | 4 | 6.8 | 1.3 | 3.5 | 3.9 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 6.3% | 7.5% | -0.1% | 23.4% | ||||||||
| Adj EPS ⓘ | 9.1% | 12.1% | 6.3% | 7.3% | ||||||||
| BVPS ⓘ | 11 | 10.3 | 9.2 | 13.5 | ||||||||
| Share Price | 13.5% | -8.9% | 50.1% | 25% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 10.1 | 9.4 | 10.5 | 11.2 | 9.8 | 13.8 | 11.7 | 2.8 | 11.5 | 10.8 | 14 | |
| Op. Profit Mgn % ⓘ | 14 | 12.9 | 12.3 | 12.7 | 12.2 | 13.4 | 12.9 | 11.6 | 15.8 | 14.7 | 15 | |
| Net Profit Mgn % ⓘ | 4.4 | 4.4 | 4.4 | 4.7 | 4.5 | 6 | 4.6 | 1.5 | 6.4 | 5.5 | 6.8 | |
| Debt to Equity ⓘ | 0.4 | 0.3 | 0.3 | 0.3 | 0.6 | 0.8 | 1 | 0.7 | 0.7 | 0.6 | - | |
| Working Cap Days ⓘ | 111 | 103 | 90 | 89 | 99 | 117 | 130 | 158 | 134 | 137 | 0 | |
| Cash Conv. Cycle ⓘ | 6 | 10 | 28 | 37 | 41 | 49 | 54 | 55 | 31 | 40 | 0 | |
Return on Equity has increased versus last 3 years average to 13.90%
Debt to equity has declined versus last 3 years average to 0.60
Sales growth is good in last 4 quarters at 24.62%
Sales growth has been subdued in last 3 years -0.14%
Net Profit has been subdued in last 3 years 6.27%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 27.3 | 9.4 |
| TTM Sales (₹ Cr.) | 752 | 1,143 |
| BVPS (₹.) ⓘ | 205.5 | 179.2 |
| Reserves (₹ Cr.) ⓘ | 367 | 317 |
| P/BV ⓘ | 1.23 | 1.40 |
| PE ⓘ | 9.27 | 26.62 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 155.00 / 293.35 |
| All Time Low / High (₹) | 1.88 / 601.90 |
| Market Cap (₹ Cr.) | 475 |
| Equity (₹ Cr.) | 18.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 30.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
The Hi-Tech Gears Ltd. is an auto component manufacturer (Tier 1 supplier) of world class repute. The Company has a foothold in US and Canada. It is a listed-on country’s premier stock exchanges, i.e. BSE & NSE and is regularly traded scrip.
It has manufacturing facilities in Bhiwadi and Manesar with subsidiary companies in North America.
The Company spans a spectrum of products, including transmission and engine components, driveline components, engines design services and advanced technology-enabled products and solutions at the fore front of cutting-edge technology.
The Customer of the company ranges from the manufacturers of two wheelers, four wheelers, off road equipment, generator manufacturers, medium and heavy vehicles etc.
Business area of the company
The company is primarily engaged in the business of gears and transmission components, & the inherent nature of both the activities is governed by the same set of risk and returns, & these have been grouped as a single segment in the above disclosures.
Milestones
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