HITECHGEAR

The Hi-Tech Gears Limited

The Hi-Tech Gears Limited (HITECHGEAR) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

thehitechgears.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹552.85
Market cap
1,040 Cr
Stock P/E
52.7
P/B
1.99
Dividend yield
0.9%
ROE (FY26)
4.0%
ROCE (FY26)
6.8%
Operating margin (FY26)
3.7%
Debt / equity (FY26)
0.35
OCF / EBITDA (FY26)
80.8%
OCF / EBITDA (3Y)
94.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Hi-Tech Gears makes forged and machined gears, shafts and transmission components for two-wheelers, cars and commercial and off-highway vehicles, and supplies vehicle makers in India and North America from five plants.

Company snapshot

72ndBy market cap

Ranked among 94 companies in Auto Components & Equipments.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 72.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Canada
29.4%
205 Cr10 Cr—
India
72.5%
505 Cr53 Cr—
others
2.7%
19 Cr-0.98 Cr—

Shares add up to 105% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓95% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 2.3% — little room for error if costs rise.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales284 Cr268 Cr287 Cr261 Cr241 Cr201 Cr215 Cr216 Cr241 Cr224 Cr229 Cr238 Cr
Operating expenses (approx.)248 Cr232 Cr246 Cr220 Cr211 Cr179 Cr182 Cr189 Cr213 Cr202 Cr203 Cr211 Cr
EBITDA35 Cr35 Cr41 Cr41 Cr30 Cr22 Cr33 Cr26 Cr28 Cr22 Cr25 Cr26 Cr
OPM %12.4%13.2%14.2%15.7%12.4%11.0%15.5%12.1%11.5%9.8%11.0%11.1%
Other income1 Cr7 Cr3 Cr2 Cr7 Cr8 Cr4 Cr5 Cr2 Cr3 Cr4 Cr1 Cr
Interest14 Cr8 Cr7 Cr6 Cr6 Cr5 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Depreciation15 Cr15 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr17 Cr18 Cr16 Cr17 Cr
Profit before tax85 Cr20 Cr21 Cr21 Cr15 Cr9 Cr17 Cr11 Cr10 Cr3 Cr10 Cr6 Cr
Tax %14.7%24.5%15.9%33.2%38.2%21.6%43.7%42.9%37.3%72.7%19.3%25.5%
Net profit72 Cr15 Cr18 Cr14 Cr10 Cr7 Cr10 Cr6 Cr6 Cr0.85 Cr8 Cr5 Cr
EPS (₹)₹38.48₹7.95₹9.49₹7.58₹5.09₹3.66₹5.17₹3.19₹3.20₹0.46₹4.32₹2.53

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales515 Cr760 Cr890 Cr722 Cr746 Cr971 Cr1,169 Cr1,107 Cr927 Cr908 CrSign in free for the trailing twelve months
Operating expenses (approx.)459 Cr665 Cr800 Cr638 Cr656 Cr889 Cr1,028 Cr957 Cr791 Cr807 CrSign in free for the trailing twelve months
EBITDA56 Cr95 Cr89 Cr84 Cr90 Cr82 Cr141 Cr150 Cr136 Cr101 CrSign in free for the trailing twelve months
OPM %10.9%12.5%10.0%11.6%12.1%8.4%12.1%13.5%14.7%11.1%Sign in free for the trailing twelve months
Other income7 Cr20 Cr41 Cr11 Cr10 Cr8 Cr8 Cr10 Cr12 Cr14 CrSign in free for the trailing twelve months
Interest4 Cr24 Cr29 Cr33 Cr23 Cr26 Cr33 Cr38 Cr21 Cr15 CrSign in free for the trailing twelve months
Depreciation26 Cr39 Cr42 Cr43 Cr43 Cr52 Cr82 Cr61 Cr63 Cr67 CrSign in free for the trailing twelve months
Profit before tax33 Cr52 Cr59 Cr19 Cr34 Cr11 Cr34 Cr138 Cr63 Cr33 CrSign in free for the trailing twelve months
Tax %38.2%33.5%39.2%56.4%15.4%110.1%31.9%17.2%35.7%37.0%Sign in free for the trailing twelve months
Net profit20 Cr34 Cr36 Cr8 Cr29 Cr-1 Cr23 Cr114 Cr40 Cr21 CrSign in free for the trailing twelve months
EPS (₹)₹10.73₹18.25₹18.96₹4.41₹15.34₹-0.59₹12.32₹60.86₹21.49₹11.16Sign in free for the trailing twelve months
Dividend payout %————0.0%—12.2%4.1%23.3%44.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr
Reserves183 Cr222 Cr253 Cr257 Cr302 Cr312 Cr336 Cr447 Cr465 Cr504 Cr
Borrowings317 Cr343 Cr402 Cr301 Cr398 Cr444 Cr457 Cr298 Cr202 Cr183 Cr
Other liabilities162 Cr150 Cr194 Cr212 Cr203 Cr228 Cr174 Cr144 Cr118 Cr134 Cr
Total liabilities681 Cr734 Cr868 Cr789 Cr922 Cr1,002 Cr985 Cr908 Cr804 Cr839 Cr
Fixed assets (net)290 Cr308 Cr333 Cr324 Cr324 Cr387 Cr412 Cr383 Cr374 Cr357 Cr
CWIP11 Cr13 Cr19 Cr34 Cr71 Cr38 Cr13 Cr4 Cr1 Cr7 Cr
Investments0.12 Cr0.05 Cr4 Cr8 Cr10 Cr12 Cr12 Cr12 Cr0.64 Cr0.68 Cr
Loans & advances——————0.69 Cr0.24 Cr0.33 Cr0.49 Cr
Inventories56 Cr67 Cr107 Cr85 Cr91 Cr116 Cr123 Cr124 Cr125 Cr141 Cr
Trade receivables106 Cr154 Cr169 Cr91 Cr149 Cr174 Cr209 Cr200 Cr153 Cr173 Cr
Cash & bank63 Cr25 Cr47 Cr40 Cr51 Cr61 Cr33 Cr14 Cr11 Cr6 Cr
Other assets155 Cr168 Cr188 Cr207 Cr227 Cr214 Cr182 Cr172 Cr138 Cr154 Cr
Total assets681 Cr734 Cr868 Cr789 Cr922 Cr1,002 Cr985 Cr908 Cr804 Cr839 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity54 Cr15 Cr47 Cr184 Cr37 Cr56 Cr54 Cr117 Cr168 Cr82 Cr
Cash from investing-119 Cr-72 Cr-85 Cr-40 Cr-51 Cr-56 Cr-41 Cr143 Cr-20 Cr-30 Cr
Cash from financing26 Cr18 Cr60 Cr-151 Cr25 Cr11 Cr-41 Cr-280 Cr-150 Cr-57 Cr
Net cash flow-40 Cr-39 Cr22 Cr-7 Cr12 Cr10 Cr-27 Cr-19 Cr-3 Cr-5 Cr
Free cash flow (OCF − Capex)38 Cr-51 Cr-71 Cr122 Cr-21 Cr-5 Cr25 Cr83 Cr144 Cr50 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.1%12.9%13.1%9.0%8.0%4.8%8.3%23.0%12.3%6.8%
ROE %10.0%14.2%13.1%3.0%9.0%-0.3%6.5%24.5%8.3%4.0%
Debtor days75746946736565666069
Inventory days93719010196877882101112
Days payable94808211111810776726880
Cash conversion cycle736478365045677794101
OCF / EBITDA %95.9%16.2%52.9%219.4%41.5%68.0%38.3%78.3%123.4%80.8%
OCF / EBITDA % (3 years)——48.5%92.0%102.0%108.3%47.0%60.9%79.4%94.8%
Debt / equity1.571.421.481.091.241.341.290.640.420.35
Current ratio1.141.461.351.431.351.201.161.421.862.01
Net debt / EBITDA4.51—————3.001.901.401.74