HITECHCORP Stock Overview
Hitech Corporation Limited manufactures, sells, and exports rigid plastic containers in India and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹224.15|
|52 Week High||₹338.00|
|52 Week Low||₹181.55|
|1 Month Change||-6.37%|
|3 Month Change||-8.04%|
|1 Year Change||-4.82%|
|3 Year Change||177.93%|
|5 Year Change||5.71%|
|Change since IPO||104.98%|
Recent News & Updates
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...
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...
|HITECHCORP||IN Packaging||IN Market|
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.
|HITECHCORP Average Weekly Movement||7.4%|
|Packaging Industry Average Movement||7.0%|
|Market Average Movement||6.8%|
|10% most volatile stocks in IN Market||9.8%|
|10% least volatile stocks in IN Market||4.4%|
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
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
|HITECHCORP fundamental statistics|
Is HITECHCORP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HITECHCORP income statement (TTM)|
|Cost of Revenue||₹3.75b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||21.77|
|Net Profit Margin||6.36%|
How did HITECHCORP perform over the long term?See historical performance and comparison
0.4%Current Dividend Yield
Does HITECHCORP pay a reliable dividends?See HITECHCORP dividend history and benchmarks
|Hitech dividend dates|
|Ex Dividend Date||Jul 07 2022|
|Dividend Pay Date||Aug 15 2022|
|Days until Ex dividend||5 days|
|Days until Dividend pay date||44 days|
Does HITECHCORP pay a reliable dividends?See HITECHCORP dividend history and benchmarks
Is HITECHCORP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is HITECHCORP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HITECHCORP's PE Ratio compare to its peers?
|HITECHCORP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
509525 Empire Industries
526747 P G Foils
507779 Kanpur Plastipack
504840 Kaira Can
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.
|Current PE Ratio||10.3x|
|Fair PE Ratio||n/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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How is Hitech forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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How has Hitech performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
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.
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How is Hitech's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
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).
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What is Hitech current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Malav Dani (47 yo)
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.
Experienced Management: HITECHCORP's management team is seasoned and experienced (6.3 years average tenure).
Experienced Board: HITECHCORP's board of directors are considered experienced (7.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hitech Corporation Limited's employee growth, exchange listings and data sources
- Name: Hitech Corporation Limited
- Ticker: HITECHCORP
- Exchange: NSEI
- Founded: 1991
- Industry: Metal and Glass Containers
- Sector: Materials
- Implied Market Cap: ₹3.856b
- Shares outstanding: 17.18m
- Website: https://www.hitechgroup.com/new/rigidplastic.html
Number of Employees
- Hitech Corporation Limited
- Welspun House, Unit No. 201-203
- 2nd Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 00:00|
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.