Hitech Corporation Limited

BSE:526217 Stock Report

Market Cap: ₹3.9b

Hitech Balance Sheet Health

Financial Health criteria checks 5/6

Hitech has a total shareholder equity of ₹2.7B and total debt of ₹799.6M, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are ₹4.0B and ₹1.4B respectively. Hitech's EBIT is ₹339.3M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹10.7M.

Key information

29.8%

Debt to equity ratio

₹799.55m

Debt

Interest coverage ratio2.3x
Cash₹10.70m
Equity₹2.68b
Total liabilities₹1.36b
Total assets₹4.04b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 526217's short term assets (₹1.0B) exceed its short term liabilities (₹922.4M).

Long Term Liabilities: 526217's short term assets (₹1.0B) exceed its long term liabilities (₹433.1M).

Debt to Equity History and Analysis

Debt Level: 526217's net debt to equity ratio (29.4%) is considered satisfactory.

Reducing Debt: 526217's debt to equity ratio has reduced from 105.5% to 29.8% over the past 5 years.

Debt Coverage: 526217's debt is well covered by operating cash flow (79.9%).

Interest Coverage: 526217's interest payments on its debt are not well covered by EBIT (2.3x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 00:11
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hitech Corporation Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anil BurraFirstCall Research