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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 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.
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'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | |||
| 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 ⓘ | 497 | 373 | 361 | 432 | 450 | 448 | 527 | 647 | 509 | 522 | 624 | ||
| YoY Gr. Rt. % | - | -25% | -3.3% | 19.6% | 4.2% | -0.4% | 17.6% | 22.8% | -21.3% | 2.6% | - | ||
| Adj EPS ⓘ | 23.1 | 8.6 | 8.5 | 10 | 11.3 | 10.7 | 16.8 | 15.8 | 4.1 | 17.5 | 20.5 | ||
| YoY Gr. Rt. % | - | -62.6% | -1.3% | 17.2% | 12.7% | -5% | 56.4% | -5.7% | -74.4% | 331.6% | - | ||
| BVPS (₹) ⓘ | 67 | 72.5 | 77.8 | 80.7 | 88.4 | 114.3 | 128.1 | 142.9 | 142.1 | 164 | 186.1 | ||
| Adj Net Profit ⓘ | 43.4 | 16.2 | 16 | 18.8 | 21.1 | 20.1 | 31.4 | 29.6 | 7.6 | 32.8 | 39 | ||
| Cash Flow from Ops. ⓘ | 33 | 69.8 | 17.7 | 39.1 | 50.4 | 37.2 | 45.5 | 37.1 | 144 | 57.5 | - | ||
| Debt/CF from Ops. ⓘ | 2.5 | 0.7 | 2.4 | 1.1 | 0.8 | 3.3 | 4 | 6.8 | 1.3 | 3.5 | - | ||
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 ⓘ | 10.5 | 13.2 | 8.6 | 15.4 | ||||||||
| Share Price | 4.3% | -11.2% | -3.3% | -32.7% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | TTM | ||
| Return on Equity % ⓘ | 31 | 10.1 | 9.4 | 10.5 | 11.2 | 9.8 | 13.8 | 11.7 | 2.8 | 11.4 | 11.7 | |
| Op. Profit Mgn % ⓘ | 17.7 | 14 | 12.9 | 12.3 | 12.7 | 12.2 | 13.4 | 12.9 | 11.6 | 15.8 | 15.2 | |
| Net Profit Mgn % ⓘ | 8.7 | 4.4 | 4.4 | 4.4 | 4.7 | 4.5 | 6 | 4.6 | 1.5 | 6.3 | 6.2 | |
| Debt to Equity ⓘ | 0.7 | 0.4 | 0.3 | 0.3 | 0.3 | 0.6 | 0.8 | 1 | 0.7 | 0.7 | 0.3 | |
| Working Cap Days ⓘ | 80 | 111 | 103 | 90 | 89 | 99 | 117 | 130 | 158 | 134 | 143 | |
| Cash Conv. Cycle ⓘ | 2 | 6 | 10 | 28 | 37 | 41 | 49 | 54 | 55 | 31 | 23 | |
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%
| 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 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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
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,
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
2006- New plant was set up at west and south
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.
