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The Hi-Tech Gears

HITECHGEAR
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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The Hi-Tech Gears Share price and Fundamental Analysis

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Incorporated in 1986, Hi-Tech Gears Limited (HTGL) manufactures automotive gears and shafts at Bhiwadi, Rajasthan, mainly for Hero Honda Motors (HHML). The Company is an auto component manufacturer (a Tier 1 supplier). Over a period of time, it acquired additional equipments to cater to the requirement of gears and shafts for HHML and other original equipment manufacturers. The Company is engaged in the business of gears and transmission components.
Company Incorporation1986
ChairmanDeep Kapuria
Head QuartersGurgaon
Previous NameNA

Key Metrics

Market Cap (Cr)
1,428.28
PE Ratio
35.38
Industry P/E
46.85
PEG Ratio
-0.55
ROE
8.35%
ROCE
12.25%
ROA
5.02%
Total Debt (Cr)
62.87
Debt to Equity
0.42
Dividend Yield
0%
EPS
21.48
Book Value & P/B
250.41 x 3.04
Face Value
10
Outstanding Shares(Cr)
1.88
Current Ratio
3.18
EV to Sales
1.76

Included In

+More

Stock Returns

1 Week-2.92%
1 Month+26.4%
6 Months-10.16%
1 Year-21.65%
3 Years+355.95%
5 Years+519.34%

CAGR

1 Year CAGR

Revenue Growth

-5.33%

Net Profit Growth

+394.3%

Operating Profit Growth

+58.7%

Dividend Growth

+100%

Stock Returns CAGR

-21.65%
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Mar 25

Promoters : 56.18%

FIIs : 0.01%

DIIs : 0.00%

Public : 43.80%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
FII Shareholding Increased by 0.01% to 0.01% in March 2025 Qtr
Promoter Shareholding Decreased by 0.05% to 56.18% in March 2025 Qtr

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The Hi-Tech Gears Management and History

Company Management

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Company History

Incorporated in 1986, Hi-Tech Gears Limited (HTGL) manufactures automotive gears and shafts at Bhiwadi, Rajasthan, mainly for Hero Honda Motors (HHML). The Company is an auto component manufacturer (a Tier 1 supplier). Over a period of time, it acquired additional equipments to cater to the requirement of gears and shafts for HHML and other original equipment manufacturers. The Company is engaged in the business of gears and transmission components.

HTGL has tied up with Kyushu Musashi, a subsidiary of Honda Motors, Japan, to manufacture closed-die forgings in India. This particular product is a raw material for transmission gears and shafts. These forgings are at present imported by HHML. With the implementation of the forgings project, the company will stand to benefit as in-house forgings manufacture will result in value-added and cost-effective products. The technology thus acquired will be unique which imparts greater strength to forgings and will not be restricted to the automobile sector. This is the first time this technology is being transferred outside the Honda group.

Company commenced supply to M/s Cummins world wide. Besides this the company is developing markets in Germany and increasing its business in U.K. Company also confident about the healthy segment of its business due to company's largest customer M/s Hero Honds Motors Ltd.

It has plans of diversifying into the software arena with a foray into e-engineering services. The company has formed a small group named Hi-tech Soft which is utilising software from original equipment (OE) customers to undertake projects on assembly, modelling, computer aided machining (CAM), drawing and other engineering services. It plans to strengthen it and then hive it off as a separate entity in the future. This division plans to offer product and process life cycle management projects, intralink implementation, training and consulting services.

During the year 2003-04, Hi-Tech Robotic Systemz Inc. was incorporated as a 100% subsidiary of the Company. In 2005, the Company set up Manufacturing plant at Manesar.

During 2017-18, the Company incorporated a Wholly Owned Subsidiary Company in US in the name of 'Neo-Tech Auto Systemz Inc.' and subscribed 10,00,000 common shares of CAD $ 0.01 each. Similarly during the year 2018-19, it incorporated a Wholly Owned Subsidiary in Canada in the name of 'Neo-Tech Smart Solutions Inc.' and subscribed 2,50,000 common shares of CAD $ 1 each.

As on March 31, 2023, the Company had 9 Wholly-owned Subsidiaries consisting of 3 wholly owned subsidiaries viz., 2545887 Ontario Inc., Neo-Tech Smart Solutions Inc. & Neo-Tech Auto Systemz Inc., and 6 wholly-owned step down subsidiaries viz., 2504584 Ontario Inc., 2323532 Ontario Inc., The Hi-Tech Gears Canada Inc., Teutech Holdings Co., Teutech Leasing Co. and Teutech LLC. However, 2 Wholly-owned Step-Down Subsidiaries i.e., 2323532 Ontario Inc. and 2504584 Ontario Inc. got amalgamated with The Hi-Tech Gears Canada Inc. (Wholly-owned Step down Subsidiary of the Company) w.e.f. June 15, 2023 and both the aforesaid Wholly-owned Step-Down Subsidiaries, viz., 2323532 Ontario Inc. and 2504584 Ontario Inc have ceased to exist from June 15, 2023.

The Hi-Tech Gears Share Price

The Hi-Tech Gears 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.

The Hi-Tech Gears Market Cap

Market capitalization of The Hi-Tech Gears 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 The Hi-Tech Gears is valued compared to its competitors.

The Hi-Tech Gears PE Ratio

The Hi-Tech Gears PE ratio helps investors understand what is the market value of each stock compared to The Hi-Tech Gears '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 Hi-Tech Gears PEG Ratio

The PEG ratio of The Hi-Tech Gears 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.

The Hi-Tech Gears ROE (Return on Equity)

Return on Equity (ROE) measures how effectively The Hi-Tech Gears generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

The Hi-Tech Gears ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of The Hi-Tech Gears 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.

The Hi-Tech Gears Total Debt

Total debt of The Hi-Tech Gears 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 Hi-Tech Gears Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of The Hi-Tech Gears 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.

The Hi-Tech Gears CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of The Hi-Tech Gears 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.

The Hi-Tech Gears Technical Analysis

Technical analysis of The Hi-Tech Gears helps investors get an insight into when they can enter or exit the stock. Key components of The Hi-Tech Gears Technical Analysis include:

Support Levels (S1, S2, S3)

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.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where The Hi-Tech Gears shares often struggle to rise above due to selling pressure.

The Hi-Tech Gears Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect The Hi-Tech Gears ’s financial health and profitability.

The Hi-Tech Gears Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

The Hi-Tech Gears Stock Split

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 Hi-Tech Gears Financials

The financials of The Hi-Tech Gears 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 Hi-Tech Gears Profit and Loss Statements

The profit and loss statement of The Hi-Tech Gears 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 The Hi-Tech Gears .

The Hi-Tech Gears Balance Sheet

The balance sheet presents a snapshot of The Hi-Tech Gears ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

The Hi-Tech Gears Cashflow Statements

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.

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