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Hitech Corporation Ltd

HITECHCORP

Hitech Corporation Ltd

HITECHCORP
MaterialsPackaging
SmallcapWith a market cap of ₹460 cr, stock is ranked 1,902
High RiskStock is 3.68x as volatile as Nifty
268.003.02% (-8.35)
268.003.02% (-8.35)

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MaterialsPackaging
SmallcapWith a market cap of ₹460 cr, stock is ranked 1,902
High RiskStock is 3.68x as volatile as Nifty

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MaterialsPackaging
SmallcapWith a market cap of ₹460 cr, stock is ranked 1,902
High RiskStock is 3.68x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
37.821.750.37%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
30.763.471.33%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Hitech Plast Limited is a plastic packaging manufacturing company. It is engaged in manufacturing of rigid plastic containers and sells polymer products to industries like paint, personal care, healthcare, confectionary, and retail household products

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 3.37%, vs industry avg of 5.67%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 1.54% to 1.41%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 6.05%, vs industry avg of -12.91%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue393.42367.93394.80477.27460.64454.17599.19565.72563.40451.99
Raw Materialssubtract232.66234.29237.82291.36272.97263.92372.29347.04339.26403.06
Power & Fuel Costsubtract21.5520.9422.7727.9829.5525.6325.8428.3931.40
Employee Costsubtract25.9627.2128.9431.0130.8128.6131.4135.6339.53
Selling & Administrative Expensessubtract19.6214.2816.3513.8811.4711.4916.0316.5617.71
Operating & Other expensessubtract47.2835.3245.4446.1258.7253.3557.0958.3761.51
Depreciation/Amortizationsubtract15.5912.9917.5221.4329.9729.5130.0128.6029.7121.38
Interest & Other Itemssubtract10.509.2813.9219.9223.5619.3316.1313.7714.2612.74
Taxes & Other Itemssubtract6.134.264.279.171.225.3812.999.038.022.64
EPS8.745.454.529.551.389.8721.7716.4912.817.09
DPS0.900.900.900.900.001.001.001.001.001.00
Payout ratio0.100.170.200.090.000.100.050.060.080.14

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
MaterialsPackaging

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Hitech Corporation Ltd20.921.750.37%
EPL Ltd39.173.991.70%
AGI Greenpac Ltd25.363.510.61%
Uflex Ltd-6.330.610.17%

Price Comparison

Compare HITECHCORP with any stock or ETF
Compare HITECHCORP with any stock or ETF
HITECHCORP
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding74.43%0.00%0.04%0.15%25.37%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.03%0.00%0.00%0.10%0.12%0.15%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 19, 2024

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jul 19, 2024

Cash Dividend

Ex DateEx DateJun 30, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jun 30, 2023

Cash Dividend

Ex DateEx DateJul 7, 2022

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jul 7, 2022

Cash Dividend

Ex DateEx DateJul 20, 2021

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jul 20, 2021

Cash Dividend

Ex DateEx DateSep 20, 2019

Final
Final | Div/Share: ₹0.90

Dividend/Share

0.90

Ex DateEx Date

Sep 20, 2019

News & Opinions
Corporate
Hitech Corp. to declare Quarterly Result

Hitech Corp. will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

10 hours agoCapital Market - Live
Spotlight
Hitech Corporation Ltd leads gainers in 'B' group

Gautam Gems Ltd, AGI Infra Ltd, Butterfly Gandhimathi Appliances Ltd and Alankit Ltd are among the other gainers in the BSE's 'B' group today, 19 September 2024.Hitech Corporation Ltd surged 20.00% to Rs 264 at 12:03 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 75961 shares were traded on the counter so far as against the average daily volumes of 1428 shares in the past one month. Gautam Gems Ltd soared 15.75% to Rs 10.58. The stock was the second biggest gainer in 'B' group. On the BSE, 25.13 lakh shares were traded on the counter so far as against the average daily volumes of 5.25 lakh shares in the past one month. AGI Infra Ltd spiked 12.54% to Rs 1111.3. The stock was the third biggest gainer in 'B' group. On the BSE, 17486 shares were traded on the counter so far as against the average daily volumes of 732 shares in the past one month. Butterfly Gandhimathi Appliances Ltd exploded 8.27% to Rs 1190.5. The stock was the fourth biggest gainer in 'B' group. On the BSE, 14414 shares were traded on the counter so far as against the average daily volumes of 5127 shares in the past one month. Alankit Ltd spurt 7.05% to Rs 26.28. The stock was the fifth biggest gainer in 'B' group. On the BSE, 9.62 lakh shares were traded on the counter so far as against the average daily volumes of 5.1 lakh shares in the past one month. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Hitech Corporation standalone net profit declines 47.27% in the June 2024 quarter

Net profit of Hitech Corporation declined 47.27% to Rs 4.05 crore in the quarter ended June 2024 as against Rs 7.68 crore during the previous quarter ended June 2023. Sales declined 5.16% to Rs 142.62 crore in the quarter ended June 2024 as against Rs 150.38 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales142.62150.38 -5 OPM %11.3813.70 - PBDT13.2617.20 -23 PBT4.5810.27 -55 NP4.057.68 -47 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Hitech Corp. announces board meeting date

Hitech Corp. will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live