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Hittco Tools
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Hittco Tools Ltd. promoted by Surendra Bhandari was incorporated in 1995. The Company manufacture different types of high performance Carbide & HSS Tools to machine-wide variety of metals & acrylic. It presently has 2 manufacturing units located on the outskirts of Bangalore in Peenya Industrial Area, which is the largest industrial area in all of Asia.
The Company started its manufacturing activities with HSS range of tools in 1974 and from the year 2008 started manufacturing Solid Cardibe Tools. The manufacturing process adopted by 'HlTTCO' is the most accepted and modern method of grinding due to which a high accuracy and finish is achieved on the tools produced.
The Company had initially decided to locate the project to manufacture drills at Gummidipoondi, Tamilnaduu, but later on decided to alter the project to locate the same at Peenya, Bangalore, where the promoters already had an existing base. It took over the assets of Hindustan Tools, a proprietory concern of the Promoter, on lease, to expand the installed capacity and establish facilities to diversify the product range. It came out with a public issue in Jan.'96 to part-finance this expansion-cum-diversification project.
During 1996-97, it expanded drill bits installed capacity from 28 lac p.a. to 36 lac p.a. & earned foreign exchange worth Rs 0.17 cr.
During 1997-98, the Company changed its name from Hittco Drills Ltd to Hittco Precission Tool Technologies Ltd to reflect its broad spectrum of business. It further expanded the drill bits installed capacity from 28 lac p.a. to 36 lac p.a. Hittco was again renamed Hittco Online Technologies Ltd during the year 2000.
The name of the Company was again changed in May 2004, from Hittco Precission Tool Technologies Ltd to Hittco Online Technologies Ltd. In 1999-2000, the Company opened a 100% EOU Division.
Hittco Tools share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Hittco Tools indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Hittco Tools is valued compared to its competitors.
Hittco Tools PE ratio helps investors understand what is the market value of each stock compared to Hittco Tools 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Hittco Tools evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Hittco Tools generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Hittco Tools in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Hittco Tools shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Hittco Tools compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Hittco Tools over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Hittco Tools helps investors get an insight into when they can enter or exit the stock. Key components of Hittco Tools Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Hittco Tools shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Hittco Tools ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Hittco Tools provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Hittco Tools highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Hittco Tools .
The balance sheet presents a snapshot of Hittco Tools ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.