The Hi-Tech Gears Ltd Stock Analysis

BSE: 522073 | NSE: HITECHGEAR | Auto Ancillary | Small Cap

BSE Share Price Jul 05, 17:23
198.70 14.10 (7.64%)

DeciZen - Make an Informed Decision on Hi-Tech Gears

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

FAQs

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 Weak which suggest that the price of The Hi-Tech Gears Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hi-Tech Gears:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
The Hi-Tech Gears Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 23.3%9.5%9.3%9.6%9.9%7.7%9.9%9%4.6%9.4%-
Value Creation Index 0.7-0.3-0.3-0.3-0.3-0.5-0.3-0.4-0.7-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 497373361432450448527647509522624
YoY Gr. Rt. %--25%-3.3%19.6%4.2%-0.4%17.6%22.8%-21.3%2.6%-
Adj EPS 23.18.68.51011.310.716.815.84.117.520.5
YoY Gr. Rt. %--62.6%-1.3%17.2%12.7%-5%56.4%-5.7%-74.4%331.6%-
BVPS (₹) 6772.577.880.788.4114.3128.1142.9142.1164186.1
Adj Net Profit 43.416.21618.821.120.131.429.67.632.839
Cash Flow from Ops. 3369.817.739.150.437.245.537.114457.5-
Debt/CF from Ops. 2.50.72.41.10.83.346.81.33.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.5%3%-0.3%2.6%
Adj EPS -3.1%9.2%1.4%331.6%
BVPS 10.513.28.615.4
Share Price 4.3% -11.2% -3.3% -32.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 3110.19.410.511.29.813.811.72.811.411.7
Op. Profit Mgn % 17.71412.912.312.712.213.412.911.615.815.2
Net Profit Mgn % 8.74.44.44.44.74.564.61.56.36.2
Debt to Equity 0.70.40.30.30.30.60.810.70.70.3
Working Cap Days 80111103908999117130158134143
Cash Conv. Cycle 26102837414954553123

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.70%

Debt to equity has declined versus last 3 years average to 0.66

Sales growth is good in last 4 quarters at 40.78%

Sales growth has been subdued in last 3 years -0.31%

Latest Financials - The Hi-Tech Gears Ltd.

Standalone Consolidated
TTM EPS (₹) 20.5 -0.6
TTM Sales (₹ Cr.) 624 945
BVPS (₹.) 186.1 176.2
Reserves (₹ Cr.) 331 312
P/BV 0.99 1.05
PE 8.99 0.00
From the Market
52 Week Low / High (₹) 155.00 / 364.90
All Time Low / High (₹) 1.88 / 601.90
Market Cap (₹ Cr.) 346
Equity (₹ Cr.) 18.8
Face Value (₹) 10
Industry PE 33.9

Management X-Ray of Hi-Tech Gears :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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News

About The Hi-Tech Gears Ltd

Hi Tech Gears incorporated in 1986 is engaged in the business of manufacturing an auto component. The company is part of Hi-Tech Group that has business interest in area of robotics, artificial intelligence and machine vision technologies.

Business division

Forging- Company manufacturing unit is capable of hot, warm and cold forging and extrusion of precision components.

Company also conducts machining of various critical engines, transmission, CDRI and other machined parts. Under machining it is capable of gear honning, gear grinding, shaving, wet and dry hobbing, deep hole drilling, automatic straightening and roll forming etc.

Company has a die shop equipped with CAM facilities for Milling, EDM etc.

Milestone

1986-90- Company was incorporated and commenced production in the same year company

1991-95 Company entered into a technical tie up with Honda motors, Japan. The same year company commenced backward integration production in ForgeShop. Company entered into technical partnership with GETRAG. In the same period company installed hi-end engineering software.

1996-2000-Company received ISO-9002 certification. Company started engineering software division–Hi-Tech e Soft. In order to set up export oriented unit company entered into a JV with GETRAG.

2001-2005 Company launched an initiative of lean manufacturing. It also set up a manufacturing facility at Manesar. In collaboration with GETRAG, company launched an international purchase office in India.

2006- New plant was set up at west and south India. Company expanded its robotic and engineering division.

Future Plans

Hi-Tech Gears plans to strengthen its in-house designing facilities, introduce processes for improvement of quality and quantity of the products and focus on widening it product presence in the domestic and international markets.

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