Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹11.16 (vs ₹21.49 in FY 2025) Full year 2026 results: EPS: ₹11.16 (down from ₹21.49 in FY 2025). Revenue: ₹9.23b (flat on FY 2025). Net income: ₹209.8m (down 48% from FY 2025). Profit margin: 2.3% (down from 4.4% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.46 (vs ₹3.66 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.46 (down from ₹3.66 in 3Q 2025). Revenue: ₹2.27b (up 11% from 3Q 2025). Net income: ₹8.55m (down 88% from 3Q 2025). Profit margin: 0.4% (down from 3.3% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹3.20 (vs ₹5.09 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.20 (down from ₹5.09 in 2Q 2025). Revenue: ₹2.43b (down 1.3% from 2Q 2025). Net income: ₹60.1m (down 37% from 2Q 2025). Profit margin: 2.5% (down from 3.9% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Sep 25
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at ₹751. The fair value is estimated to be ₹964, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Sep 12
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 27 October 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.6%). New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin). Declared Dividend • Aug 13
Dividend of ₹5.00 announced Dividend of ₹5.00 is the same as last year. Ex-date: 19th September 2025 Payment date: 27th October 2025 Dividend yield will be 0.8%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 12
The Hi-Tech Gears Limited, Annual General Meeting, Sep 27, 2025 The Hi-Tech Gears Limited, Annual General Meeting, Sep 27, 2025, at 17:00 Indian Standard Time. Location: plot no. 24, 25, 26, sector-7, imt manesar, gurugram, haryana - 122050, India Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹3.19 (vs ₹7.58 in 1Q 2025) First quarter 2026 results: EPS: ₹3.19 (down from ₹7.58 in 1Q 2025). Revenue: ₹2.20b (down 16% from 1Q 2025). Net income: ₹60.0m (down 58% from 1Q 2025). Profit margin: 2.7% (down from 5.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
The Hi-Tech Gears Limited to Report Q1, 2026 Results on Aug 11, 2025 The Hi-Tech Gears Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Announcement • Jun 21
The Hi-Tech Gears Limited Announces Resignation of Sameer Gupta as Non-Executive Independent Director and Audit Committee and Nomination & Remuneration Committee Member, Effective June 20, 2025 The Hi-Tech Gears Limited announced that Mr. Sameer Gupta (DIN:00513925), Non-Executive Independent Director of the Company, has tendered his resignation from the Board of the Company with effect from the closure of business hours of June 20, 2025. Consequently, he shall also cease to be a Member of the Audit Committee and Nomination & Remuneration Committee. Mr. Sameer Gupta has taken this decision due to pre-occupation elsewhere and has confirmed that there is no other material reason than mentioned above for his resignation. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹738, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 32x in the Auto Components industry in India. Total returns to shareholders of 332% over the past three years. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹21.49 (vs ₹60.86 in FY 2024) Full year 2025 results: EPS: ₹21.49 (down from ₹60.86 in FY 2024). Revenue: ₹9.39b (down 15% from FY 2024). Net income: ₹403.6m (down 65% from FY 2024). Profit margin: 4.3% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 55% per year whereas the company’s share price has increased by 50% per year. Announcement • May 20
The Hi-Tech Gears Limited to Report Q4, 2025 Results on May 29, 2025 The Hi-Tech Gears Limited announced that they will report Q4, 2025 results on May 29, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹3.66 (vs ₹7.95 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.66 (down from ₹7.95 in 3Q 2024). Revenue: ₹2.05b (down 25% from 3Q 2024). Net income: ₹68.7m (down 54% from 3Q 2024). Profit margin: 3.3% (down from 5.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Feb 11
The Hi-Tech Gears Limited Announces Retirement of Malini Sud as Non-Executive - Independent Director, Effective February 12, 2025 The Hi-Tech Gears Limited announced that Mrs. Malini Sud, Non-Executive - Independent Director of the Company will be retired with effect from February 12, 2025, from the position of Non-Executive - Independent Director, consequent to the completion of her second term of office as an Non-Executive - Independent Director of the Company. Announcement • Feb 04
The Hi-Tech Gears Limited to Report Q3, 2025 Results on Feb 13, 2025 The Hi-Tech Gears Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Jan 28
The Hi-Tech Gears Limited Announces Resignation of Ramesh Shankarmal Pilani from the Board of the Company The Hi-Tech Gears Limited announced that Mr. Ramesh Shankarmal Pilani (DIN: 00901506), Non-Executive Independent Director of the Company, has tendered his resignation from the Board of the Company with effect from the closure of business hours of January 27, 2025. Consequently, he shall also cease to be a Member of the Corporate Social Responsibility and Stakeholder Relationship Committee. Mr. Ramesh Shankarmal Pilani has taken this decision due to certain personal reasons. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹5.09 (vs ₹38.48 in 2Q 2024) Second quarter 2025 results: EPS: ₹5.09 (down from ₹38.48 in 2Q 2024). Revenue: ₹2.48b (down 13% from 2Q 2024). Net income: ₹95.4m (down 87% from 2Q 2024). Profit margin: 3.8% (down from 26% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
The Hi-Tech Gears Limited to Report Q2, 2025 Results on Nov 08, 2024 The Hi-Tech Gears Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 12
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 26 October 2024. Payout ratio is a comfortable 8.2% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.0%). In line with average of industry peers (0.5%). New Risk • Aug 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹7.58 (vs ₹4.95 in 1Q 2024) First quarter 2025 results: EPS: ₹7.58 (up from ₹4.95 in 1Q 2024). Revenue: ₹2.61b (down 1.1% from 1Q 2024). Net income: ₹142.4m (up 53% from 1Q 2024). Profit margin: 5.5% (up from 3.5% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 08
Dividend increased to ₹5.00 Dividend of ₹5.00 is 100% higher than last year. Ex-date: 19th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 29
The Hi-Tech Gears Limited to Report Q1, 2025 Results on Aug 06, 2024 The Hi-Tech Gears Limited announced that they will report Q1, 2025 results on Aug 06, 2024 Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,030, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 334% over the past three years. Announcement • May 30
the Hi-Tech Gears Limited Approves Dividend for the Financial Year Ended March 31, 2024 The Hi-Tech Gears Limited at is board meeting held on May 29, 2024 recommended the Final Dividend at 50% i.e. INR 5.00/- per equity share of INR 10.00/- each for the Financial Year ended March 31, 2024 subject to the approval of the Shareholders at the up coming Annual General Meeting of the Company. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹60.86 (vs ₹12.32 in FY 2023) Full year 2024 results: EPS: ₹60.86 (up from ₹12.32 in FY 2023). Revenue: ₹11.2b (down 4.5% from FY 2023). Net income: ₹1.14b (up 394% from FY 2023). Profit margin: 10% (up from 2.0% in FY 2023). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Announcement • May 24
The Hi-Tech Gears Limited to Report Q4, 2024 Results on May 29, 2024 The Hi-Tech Gears Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,135, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 480% over the past three years. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹1,063, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 559% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹594, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 244% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹566, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 227% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹7.95 (vs ₹1.37 in 3Q 2023) Third quarter 2024 results: EPS: ₹7.95 (up from ₹1.37 in 3Q 2023). Revenue: ₹2.75b (flat on 3Q 2023). Net income: ₹149.1m (up 479% from 3Q 2023). Profit margin: 5.4% (up from 0.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. New Risk • Feb 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹7.97b (US$96.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₹7.97b market cap, or US$96.0m). Announcement • Feb 06
The Hi-Tech Gears Limited to Report Q3, 2024 Results on Feb 13, 2024 The Hi-Tech Gears Limited announced that they will report Q3, 2024 results on Feb 13, 2024 New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹497, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 241% over the past three years. Announcement • Oct 29
The Hi-Tech Gears Limited to Report Q2, 2024 Results on Nov 07, 2023 The Hi-Tech Gears Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Announcement • Oct 27
The Hi-Tech Gears Limited Announces Change in Directorate The Hi-Tech Gears Limited announced the appointment & Remuneration of Mr. Amresh Kumar Verma (DIN- 09587704) as Whole Time Director & Key Managerial Personnel designated as "Executive Director" of the Company as recommended by Nomination & Remuneration Committee. Appointment of Mr. Kawal Jain (DIN 00910924) as an Additional Director as "Non-Executive & Non- Independent Director" of the Company as recommended by Nomination & Remuneration Committee. Appointment of Mr. Ramesh Shankarmal Pilani (DIN- 00901506) as an Additional Director as "Non- Executive & Independent Director" of the Company as recommended by the Nomination & Remuneration Committee. Board Change • Oct 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Additional Non-Executive Independent Director Rajiv Batra was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 19
The Hi-Tech Gears Limited Announces Resignation of Subir Kumar Chowdhury as Whole Time Director The Hi-Tech Gears Limited approved that Mr. Subir Kumar Chowdhury (DIN: 03633998), Whole Time Director designated as Executive Director & President of the Company has tendered hisresignation from the Board of the Company with effect from the closure of business hours of 18" October, 2023. Announcement • Sep 15
The Hi-Tech Gears Limited Announces Resignation of Jawaid Ashraf as Group Chief Human Resource Officer The Hi-Tech Gears Limited announced that Mr. Jawaid Ashraf has resigned from the position of Group Chief Human Resource Officer (Group CHRO) (Senior Management Personnel) of the Company with effect from the closure of business hours of September 15, 2023. Mr. Jawaid Ashraf has taken this decision due to some personal reasons. Upcoming Dividend • Sep 14
Upcoming dividend of ₹2.50 per share at 0.7% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.8%). Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹4.95 (vs ₹0.20 in 1Q 2023) First quarter 2024 results: EPS: ₹4.95 (up from ₹0.20 in 1Q 2023). Revenue: ₹2.67b (down 8.6% from 1Q 2023). Net income: ₹93.0m (up ₹89.3m from 1Q 2023). Profit margin: 3.5% (up from 0.1% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
The Hi-Tech Gears Limited to Report Q1, 2024 Results on Aug 14, 2023 The Hi-Tech Gears Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Recent Insider Transactions • Jun 06
Insider recently bought ₹1.1m worth of stock On the 1st of June, Aabha Kapuria bought around 4k shares on-market at roughly ₹276 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.2m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹321, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 276% over the past three years. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹12.32 (vs ₹0.59 loss in FY 2022) Full year 2023 results: EPS: ₹12.32 (up from ₹0.59 loss in FY 2022). Revenue: ₹11.8b (up 21% from FY 2022). Net income: ₹231.1m (up ₹242.2m from FY 2022). Profit margin: 2.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 20
The Hi-Tech Gears Limited to Report Q4, 2023 Results on May 27, 2023 The Hi-Tech Gears Limited announced that they will report Q4, 2023 results on May 27, 2023 Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹1.37 (vs ₹6.96 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹1.37 (up from ₹6.96 loss in 3Q 2022). Revenue: ₹2.79b (up 25% from 3Q 2022). Net income: ₹25.7m (up ₹156.3m from 3Q 2022). Profit margin: 0.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 01
The Hi-Tech Gears Limited to Report Q3, 2023 Results on Feb 08, 2023 The Hi-Tech Gears Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Additional Non-Executive Independent Director Rajiv Batra was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: ₹1.88 (vs ₹1.46 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹1.88 (up from ₹1.46 loss in 2Q 2022). Revenue: ₹3.16b (up 26% from 2Q 2022). Net income: ₹35.3m (up ₹62.6m from 2Q 2022). Profit margin: 1.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Nov 02
The Hi-Tech Gears Limited to Report Q2, 2023 Results on Nov 07, 2022 The Hi-Tech Gears Limited announced that they will report Q2, 2023 results on Nov 07, 2022 Announcement • Oct 04
the Hi-Tech Gears Limited Approves Final Dividend for the Financial Year Ended March 31, 2022 The Hi-Tech Gears Limited at its Annual General Meeting of the Company held on September 29, 2022 approved to declare the final dividend @ 15% that is INR 1.50 per equity share for the financial year 2021- 2022 as recommended by Board of Directors. Upcoming Dividend • Sep 14
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 29 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.6%). Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: ₹0.20 (vs ₹1.84 in 1Q 2022) First quarter 2023 results: EPS: ₹0.20 (down from ₹1.84 in 1Q 2022). Revenue: ₹2.94b (up 42% from 1Q 2022). Net income: ₹3.68m (down 89% from 1Q 2022). Profit margin: 0.1% (down from 1.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Aug 09
The Hi-Tech Gears Limited, Annual General Meeting, Sep 29, 2022 The Hi-Tech Gears Limited, Annual General Meeting, Sep 29, 2022, at 17:00 Indian Standard Time. Location: Plot No 24 - 26, Sector-7, IMT Manesar, Gurugram Haryana India Announcement • Jul 31
The Hi-Tech Gears Limited to Report Q1, 2023 Results on Aug 08, 2022 The Hi-Tech Gears Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Announcement • May 31
The Hi-Tech Gears Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022 The Hi-Tech Gears Limited at its board meeting held on May 30, 2022 recommended final dividend of INR 1.5 per share for the financial year ended March 31, 2022, subject to approval at annual general meeting. Reported Earnings • May 31
Full year 2022 earnings released: ₹0.59 loss per share (vs ₹15.34 profit in FY 2021) Full year 2022 results: ₹0.59 loss per share (down from ₹15.34 profit in FY 2021). Revenue: ₹9.79b (up 31% from FY 2021). Net loss: ₹11.0m (down 104% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Announcement • May 22
The Hi-Tech Gears Limited to Report Q4, 2022 Final Results on May 30, 2022 The Hi-Tech Gears Limited announced that they will report Q4, 2022 final results on May 30, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Additional Non-Executive Independent Director Rajiv Batra was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 27% share price gain to ₹258, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 22x in the Auto Components industry in India. Total loss to shareholders of 11% over the past three years. Recent Insider Transactions • Mar 05
Independent Non-Executive Director recently bought ₹193k worth of stock On the 25th of February, Krishna Verma bought around 900 shares on-market at roughly ₹215 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹9.6m. Insiders have collectively bought ₹28m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹6.96 loss per share (down from ₹2.20 profit in 3Q 2021). Revenue: ₹2.23b (flat on 3Q 2021). Net loss: ₹130.6m (down 416% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Announcement • Feb 03
The Hi-Tech Gears Limited to Report Q3, 2022 Results on Feb 09, 2022 The Hi-Tech Gears Limited announced that they will report Q3, 2022 results on Feb 09, 2022 Recent Insider Transactions • Dec 09
Insider recently bought ₹568k worth of stock On the 6th of December, Aabha Kapuria bought around 3k shares on-market at roughly ₹227 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹11m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to ₹235, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 19x in the Auto Components industry in India. Total loss to shareholders of 27% over the past three years. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Additional Non-Executive Independent Director Rajiv Batra was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Second quarter 2022 earnings released: ₹1.46 loss per share (vs ₹5.47 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹2.53b (up 27% from 2Q 2021). Net loss: ₹27.4m (down 127% from profit in 2Q 2021). Executive Departure • Sep 23
Independent Non-Executive Director Neville D'Souza has left the company On the 16th of September, Neville D'Souza's tenure as Independent Non-Executive Director ended after 2.1 years in the role. We don't have any record of a personal shareholding under Neville's name. A total of 2 executives have left over the last 12 months. Board Change • Sep 22
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Non-Executive Vice Chairman of the Board Anant Talaulicar was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 14
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 21 September 2021. Payment date: 29 October 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 16% share price gain to ₹283, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 20x in the Auto Components industry in India. Total loss to shareholders of 33% over the past three years. Executive Departure • Jul 02
Independent Non-Executive Director Prosad Dasgupta has left the company On the 29th of June, Prosad Dasgupta's tenure as Independent Non-Executive Director ended after 9.4 years in the role. We don't have any record of a personal shareholding under Prosad's name. Prosad is the only executive to leave the company over the last 12 months. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS ₹15.34 (vs ₹4.41 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹7.56b (up 4.7% from FY 2020). Net income: ₹287.9m (up 248% from FY 2020). Profit margin: 3.8% (up from 1.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 30
Insider recently bought ₹2.9m worth of stock On the 23rd of March, Aabha Kapuria bought around 16k shares on-market at roughly ₹184 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹13m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 20
Insider recently bought ₹2.0m worth of stock On the 17th of March, Megha Kapuria bought around 11k shares on-market at roughly ₹187 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹7.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 12
Insider recently bought ₹77k worth of stock On the 4th of March, Aabha Kapuria bought around 430 shares on-market at roughly ₹179 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹499k. Insiders have collectively bought ₹5.0m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS ₹2.20 (vs ₹3.04 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹2.27b (up 40% from 3Q 2020). Net income: ₹41.3m (down 28% from 3Q 2020). Profit margin: 1.8% (down from 3.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. 