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HITE

Hitech NSEI:HITECHCORP Stock Report

Last Price

₹224.15

Market Cap

₹3.9b

7D

-0.9%

1Y

-4.8%

Updated

01 Jul, 2022

Data

Company Financials
HITECHCORP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

HITECHCORP Stock Overview

Hitech Corporation Limited manufactures, sells, and exports rigid plastic containers in India and internationally.

Hitech Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hitech
Historical stock prices
Current Share Price₹224.15
52 Week High₹338.00
52 Week Low₹181.55
Beta1.28
1 Month Change-6.37%
3 Month Change-8.04%
1 Year Change-4.82%
3 Year Change177.93%
5 Year Change5.71%
Change since IPO104.98%

Recent News & Updates

Jun 24
Hitech (NSE:HITECHCORP) Has Affirmed Its Dividend Of ₹1.00

Hitech (NSE:HITECHCORP) Has Affirmed Its Dividend Of ₹1.00

The board of Hitech Corporation Limited ( NSE:HITECHCORP ) has announced that it will pay a dividend of ₹1.00 per share...

Jun 10
Is Hitech (NSE:HITECHCORP) Using Too Much Debt?

Is Hitech (NSE:HITECHCORP) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

HITECHCORPIN PackagingIN Market
7D-0.9%5.2%0.6%
1Y-4.8%-4.1%-0.2%

Return vs Industry: HITECHCORP matched the Indian Packaging industry which returned -5.2% over the past year.

Return vs Market: HITECHCORP underperformed the Indian Market which returned 0.1% over the past year.

Price Volatility

Is HITECHCORP's price volatile compared to industry and market?
HITECHCORP volatility
HITECHCORP Average Weekly Movement7.4%
Packaging Industry Average Movement7.0%
Market Average Movement6.8%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.4%

Stable Share Price: HITECHCORP is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HITECHCORP's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991611Malav Danihttps://www.hitechgroup.com/new/rigidplastic.html

Hitech Corporation Limited manufactures, sells, and exports rigid plastic containers in India and internationally. Its products have applications in paints and coatings, personal care, home care, food and beverages, health care, agrochemicals, and lubricants. The company was formerly known as Hitech Plast Limited and changed its name to Hitech Corporation Limited in May 2017.

Hitech Fundamentals Summary

How do Hitech's earnings and revenue compare to its market cap?
HITECHCORP fundamental statistics
Market Cap₹3.86b
Earnings (TTM)₹373.97m
Revenue (TTM)₹5.88b

10.3x

P/E Ratio

0.7x

P/S Ratio

Is HITECHCORP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
HITECHCORP income statement (TTM)
Revenue₹5.88b
Cost of Revenue₹3.75b
Gross Profit₹2.13b
Other Expenses₹1.76b
Earnings₹373.97m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)21.77
Gross Margin36.26%
Net Profit Margin6.36%
Debt/Equity Ratio44.3%

How did HITECHCORP perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

5%

Payout Ratio

Does HITECHCORP pay a reliable dividends?

See HITECHCORP dividend history and benchmarks
When do you need to buy HITECHCORP by to receive an upcoming dividend?
Hitech dividend dates
Ex Dividend DateJul 07 2022
Dividend Pay DateAug 15 2022
Days until Ex dividend5 days
Days until Dividend pay date44 days

Does HITECHCORP pay a reliable dividends?

See HITECHCORP dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is HITECHCORP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HITECHCORP?

Other financial metrics that can be useful for relative valuation.

HITECHCORP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA5.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does HITECHCORP's PE Ratio compare to its peers?

HITECHCORP PE Ratio vs Peers
The above table shows the PE ratio for HITECHCORP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.5x
509525 Empire Industries
16.4xn/a₹3.9b
526747 P G Foils
5.9xn/a₹2.8b
507779 Kanpur Plastipack
10.1xn/a₹2.6b
504840 Kaira Can
17.5xn/a₹1.8b
HITECHCORP Hitech
10.3xn/a₹3.9b

Price-To-Earnings vs Peers: HITECHCORP is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (12.5x).


Price to Earnings Ratio vs Industry

How does HITECHCORP's PE Ratio compare vs other companies in the IN Packaging Industry?

Price-To-Earnings vs Industry: HITECHCORP is good value based on its Price-To-Earnings Ratio (10.3x) compared to the Indian Packaging industry average (15.1x)


Price to Earnings Ratio vs Fair Ratio

What is HITECHCORP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HITECHCORP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HITECHCORP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HITECHCORP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HITECHCORP (₹224.15) is trading below our estimate of fair value (₹538.35)

Significantly Below Fair Value: HITECHCORP is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HITECHCORP's PEG Ratio to determine if it is good value.


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Future Growth

How is Hitech forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.6%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hitech has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Hitech is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Hitech competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Hitech performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


32.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HITECHCORP has a large one-off gain of ₹105.7M impacting its March 31 2022 financial results.

Growing Profit Margin: HITECHCORP's current net profit margins (6.4%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: HITECHCORP's earnings have grown significantly by 32.7% per year over the past 5 years.

Accelerating Growth: HITECHCORP's earnings growth over the past year (120.5%) exceeds its 5-year average (32.7% per year).

Earnings vs Industry: HITECHCORP earnings growth over the past year (120.5%) exceeded the Packaging industry 33.1%.


Return on Equity

High ROE: HITECHCORP's Return on Equity (17.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Hitech's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HITECHCORP's short term assets (₹929.0M) exceed its short term liabilities (₹903.0M).

Long Term Liabilities: HITECHCORP's short term assets (₹929.0M) exceed its long term liabilities (₹466.5M).


Debt to Equity History and Analysis

Debt Level: HITECHCORP's net debt to equity ratio (43.9%) is considered high.

Reducing Debt: HITECHCORP's debt to equity ratio has reduced from 74% to 44.3% over the past 5 years.

Debt Coverage: HITECHCORP's debt is well covered by operating cash flow (75.7%).

Interest Coverage: HITECHCORP's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


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Dividend

What is Hitech current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.44%

Current Dividend Yield

Upcoming Dividend Payment

TodayJul 02 2022Ex Dividend DateJul 07 2022Dividend Pay DateAug 15 202239 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: HITECHCORP's dividend (0.45%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).

High Dividend: HITECHCORP's dividend (0.45%) is low compared to the top 25% of dividend payers in the Indian market (1.87%).


Stability and Growth of Payments

Stable Dividend: HITECHCORP's dividend payments have been volatile in the past 10 years.

Growing Dividend: HITECHCORP's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (4.6%), HITECHCORP's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (3.2%), HITECHCORP's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Malav Dani (47 yo)

9.58yrs

Tenure

₹1,008,401

Compensation

Mr. Malav Ashwin Dani has been the Managing Director of Hitech Corporation Limited since November 3, 2012. Mr. Dani served as Joint Managing Director of Hitech Plast Ltd. from August 5, 2011 to November 2,...


CEO Compensation Analysis

Compensation vs Market: Malav's total compensation ($USD12.76K) is below average for companies of similar size in the Indian market ($USD37.99K).

Compensation vs Earnings: Malav's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HITECHCORP's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: HITECHCORP's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hitech Corporation Limited's employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • Hitech Corporation Limited
  • Welspun House, Unit No. 201-203
  • 2nd Floor
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.