The Hi-Tech Gears Ltd Stock Analysis

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

BSE Share Price 27-Mar-2023 18:01
253.20 -0.60 (-0.24%)

DeciZen - Make an Informed Decision on Hi-Tech Gears

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

1. Quality

2. Valuation


3. Price Trend

Semi Strong

Hi-Tech Gears Price Chart

P/E Ratio ( SA) :
Market Cap :
475.2 Cr.
52-wk low :
52-wk high :
Bole Toh?

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.

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

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

Sales 373361432450448527647509522645752
YoY Gr. Rt. %--3.3%19.6%4.2%-0.4%17.6%22.8%-21.3%2.6%23.4%-
Adj EPS 8.68.51011.310.716.815.84.117.71927.3
YoY Gr. Rt. %--1.3%17.2%12.7%-5%56.4%-5.7%-74.4%336.1%7.3%-
BVPS (₹) 72.577.880.788.4114.3128.1142.9142.1164186.1205.5
Adj Net Profit 16.21618.821.120.131.429.67.633.235.651
Cash Flow from Ops. 69.817.739.150.437.245.537.114457.553.2-
Debt/CF from Ops.


CAGR Colour Code Guide

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 1110.39.213.5
Share Price 13.5% -8.9% 50.1% 25%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 10.19.410.511.29.813.811.72.811.510.814
Op. Profit Mgn % 1412.912.312.712.213.412.911.615.814.715
Net Profit Mgn %
Debt to Equity
Working Cap Days 1111039089991171301581341370
Cash Conv. Cycle 61028374149545531400

Recent Performance Summary

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%

Latest Financials - The Hi-Tech Gears Ltd.

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

Management X-Ray of Hi-Tech Gears :

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of Hi-Tech Gears

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


The Hi-Tech Gears Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hi-Tech Gears on 27-Mar-2023 18:01 is : 253.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Mar-2023 18:01 the market cap of Hi-Tech Gears stood at ₹ 475.2.
The latest PE ratio of Hi-Tech Gears as of 27-Mar-2023 18:01 is 9.27.
The latest PB ratio of Hi-Tech Gears as of 27-Mar-2023 18:01 is 1.23
The 52-week high of Hi-Tech Gears is ₹ 293.4 and the 52-week low is ₹ 155.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Hi-Tech Gears is ₹ 752.1 ( Cr.) .

About The Hi-Tech Gears Ltd

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.


  • 1986: Incorporated as a Public Limited company
  • 1988: Production Commencement & became single source supplier to Hero Honda
  • 1989: Product Indigenization
  • 1992: Technical Tie-up with Kyush Musashi, a subsidiary of Honda Motors, Japan
  • 1993: Backward Integration into Precision Forgings
  • 1995: Selected as single source supplier to Honda Power, Tata Cummins Ltd.
  • 1996: Technology Agreement with GETRAG, US
  • 1996: Certified as ISO 9002, BPR launched
  • 1997: Selected as a global source to Cummins, US
  • 1998: Certified as QS 9000
  • 1999: Separate Division to handle high-end design and CAD Services established, under the name of Hi-Tech ESoft.
  • 2002: Launches Initiative of Lean Manufactured
  • 2003: Certified for: Integrated Quality Management Systems; TS 16949 for quality & obtained Environment Certification ISO 4001; Occupational Health & Safety Certification OHSAS 18001:1999
  • 2004: Prototyping/Productionsing Precision Components for Robert Bosch, GM, Volvo and Daimler Chrysler
  • 2005: State-of-the-art Manufacturing Facility set up at Manesar
  • 2007: Hi-Tech eSoft (division of HGL) Certified for ISO 9001:2000
  • 2008: ACMA Export Award 2006-07
  • 2009: Excellence Award for Manufacturing and Export
  • 2010: TPM Excellence Awards Category A & Shingo Silver Medallion
  • 2011: New State of Art “ECOFAC” Plant setup in Bhiwadi
  • 2012: Award for excellence in Consistent TPM Commitment
  • 2013: ACMA Export Award
  • 2014: ACMA Export Award (Large Category)
  • 2015: Name of the Company changed to “The Hi-Tech Gears Ltd.”
  • 2017: Acquisition of Teutech Industries INC, Canada and Teutech LLC, USA.
  • 2019: Achieved a Turnover of INR 9,000 Million (on Consolidated Basis)
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