Hi-Tech Gears
Hi-Tech Gears
AutomobilesKey Fundamentals
MicrocapAuto ComponentsAutomobilesTapetide Score
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Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 22.4%
Weaknesses
4- The company has delivered a poor sales growth of 4.03% over past five years.
- Company has a low return on equity of 7.95% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 44.8 days to 63.0 days
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 264 | 284 | 273 | 287 | 261 | 246 | 205 | 215 | 216 | 241 | 224 | 229 | 238 |
| Expenses | 230 | 249 | 232 | 246 | 220 | 211 | 179 | 182 | 189 | 213 | 202 | 203 | 211 |
| Operating Profit | 33.21 | 35.14 | 40.75 | 40.83 | 40.94 | 35.18 | 26.55 | 33.22 | 26.15 | 27.8 | 21.92 | 25.23 | 26.34 |
| OPM % | 12.6% | 12.39% | 14.93% | 14.23% | 15.71% | 14.28% | 12.95% | 15.46% | 12.13% | 11.55% | 9.81% | 11.04% | 11.08% |
| Other Income | 3.09 | 78.45 | 2.07 | 3.33 | 2.41 | 1.91 | 3.1 | 4.3 | 4.55 | 2.37 | 3.07 | 4.39 | 1.25 |
| Interest | 9 | 13.87 | 8.21 | 6.69 | 6.45 | 5.65 | 4.93 | 4.34 | 3.79 | 3.57 | 3.89 | 3.6 | 3.88 |
| Depreciation | 15.01 | 15.02 | 14.87 | 16.28 | 15.59 | 16 | 15.95 | 15.93 | 16.4 | 17.01 | 17.97 | 15.97 | 17.33 |
| PBT | 12.29 | 84.7 | 19.74 | 21.19 | 21.31 | 15.44 | 8.77 | 17.25 | 10.51 | 9.59 | 3.13 | 10.05 | 6.38 |
| Tax % | 24.33% | 14.75% | 24.52% | 15.9% | 33.18% | 38.21% | 21.66% | 43.65% | 42.91% | 37.33% | 72.84% | 19.3% | 25.55% |
| Net Profit | 9.3 | 72.22 | 14.91 | 17.83 | 14.24 | 9.54 | 6.87 | 9.72 | 6 | 6.01 | 0.86 | 8.11 | 4.76 |
| EPS in Rs | 4.96 | 38.48 | 7.94 | 9.5 | 7.58 | 5.08 | 3.66 | 5.17 | 3.19 | 3.2 | 0.46 | 4.31 | 2.53 |
Profit & Loss
| Particulars | Mar 2006 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 195 | 471 | 749 | 914 | 722 | 746 | 971 | 1,169 | 1,107 | 927 | 908 | 931 |
| Expenses | 178 | 415 | 654 | 800 | 638 | 656 | 889 | 1,028 | 957 | 791 | 807 | 829 |
| Operating Profit | 17 | 56 | 95 | 113 | 84 | 90 | 82 | 141 | 150 | 136 | 101 | 101 |
| OPM % | 9% | 12% | 13% | 12% | 12% | 12% | 8% | 12% | 14% | 15% | 11% | 11% |
| Other Income | 7 | 7 | 20 | 17 | 11 | 10 | 8 | 8 | 87 | 12 | 14 | 11 |
| Interest | 5 | 4 | 24 | 29 | 33 | 23 | 26 | 33 | 38 | 21 | 15 | 15 |
| Depreciation | 9 | 26 | 39 | 42 | 43 | 43 | 52 | 82 | 61 | 63 | 67 | 68 |
| PBT | 9 | 33 | 52 | 59 | 19 | 34 | 11 | 34 | 138 | 63 | 33 | 29 |
| Tax % | 40% | 38% | 34% | 39% | 56% | 15% | 110% | 32% | 17% | 36% | 37% | — |
| Net Profit | 6 | 20 | 34 | 36 | 8 | 29 | -1 | 23 | 114 | 40 | 21 | 20 |
| EPS in Rs | — | 10.73 | 18.24 | 18.96 | 4.41 | 15.34 | -0.59 | 12.31 | 60.84 | 21.48 | 11.15 | 10.5 |
| Div. Payout % | 42% | 23% | 19% | 18% | 34% | 13% | -256% | 20% | 8% | 23% | 36% | — |
Balance Sheet
| Particulars | Mar 2006 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 30 | 183 | 222 | 253 | 257 | 302 | 312 | 336 | 447 | 465 | 504 |
| Borrowings | 90 | 319 | 366 | 440 | 352 | 427 | 471 | 457 | 298 | 202 | 183 |
| Other Liabilities | 52 | 160 | 128 | 155 | 161 | 174 | 201 | 171 | 144 | 118 | 132 |
| Total Liabilities | 181 | 680 | 734 | 867 | 789 | 922 | 1,002 | 983 | 908 | 804 | 838 |
| Fixed Assets | 105 | 403 | 423 | 444 | 446 | 468 | 528 | 496 | 462 | 445 | 436 |
| CWIP | 7 | 11 | 13 | 19 | 34 | 71 | 38 | 13 | 4 | 1 | 7 |
| Investments | 0 | 0 | 0 | 4 | 8 | 10 | 12 | 12 | 12 | 1 | 1 |
| Other Assets | 70 | 267 | 298 | 400 | 301 | 373 | 424 | 462 | 430 | 357 | 394 |
| Total Assets | 181 | 680 | 734 | 867 | 789 | 922 | 1,002 | 983 | 908 | 804 | 838 |
Cash Flow
| Particulars | Mar 2006 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 15 | 54 | 15 | 47 | 184 | 37 | 56 | 54 | 117 | 149 | 86 |
| Investing | -48 | -119 | -72 | -85 | -40 | -51 | -56 | -41 | 143 | -1 | -34 |
| Financing | 33 | 26 | 18 | 60 | -151 | 25 | 11 | -41 | -280 | -150 | -57 |
| Net Cash Flow | 1 | -40 | -39 | 22 | -7 | 12 | 10 | -27 | -19 | -3 | -5 |
| Free Cash Flow | -32 | 39 | -48 | -39 | 156 | -21 | -3 | 32 | 254 | 126 | 54 |
| CFO/OP | 101 | 120 | 39 | 54 | 230 | 56 | 86 | 53 | 90 | 122 | 99 |
Ratios
| Particulars | Mar 2006 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 82 | 75 | 68 | 46 | 73 | 65 | 65 | 66 | 60 | 70 |
| Inventory Days | 124 | 85 | 66 | 87 | 92 | 91 | 88 | 75 | 79 | 99 | 112 |
| Days Payable | 158 | 86 | 75 | 79 | 102 | 112 | 109 | 73 | 69 | 66 | 80 |
| Cash Conversion Cycle | 0 | 81 | 66 | 76 | 37 | 52 | 45 | 67 | 76 | 93 | 101 |
| Working Capital Days | 39 | -30 | 24 | 14 | 8 | 7 | -7 | -5 | 23 | 49 | 63 |
| ROCE % | — | — | 13% | 12% | 8% | 8% | 5% | 8% | 12% | 12% | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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63 extracted metrics + investor summaries across FY06–FY26.
Documents
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Company Information
Incorporated in 1986, Hi-Tech Gears Ltd is an auto component manufacturer and a Tier 1 supplier[1]
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