Hittco Tools

What does Hittco Tools do?

Hittco Tools Ltd is a micro-cap manufacturer of high-performance carbide and HSS tools for machining metals and acrylic, incorporated in 1995. As of March 2025, it reported net sales of 3 Cr and a net profit of 0 Cr, with a market cap of Rs 8 Cr.

Overview:<BR>Hittco Tools Ltd is a manufacturer of high-performance carbide and HSS tools for machining a wide variety of metals and acrylic, operating within the industrial manufacturing sector and classified as a micro-cap company.<BR><BR>History:<BR>Hittco Tools Ltd was incorporated in 1995 and has not reported any status changes. The latest quarterly results indicate net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 3 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap value: Rs 8 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A<BR>- Industry P/E: 34<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 1.26<BR>- Return on Equity: -9.09%<BR>- Price to Book: 2.35<BR><BR>Contact Details:<BR>Address: HTC Aspire 19 Aliaskar Road, 2nd Floor Bangalore Karnataka : 560052 <BR>Tel: 91-80-41491251 (Extn 131/138) <BR>Fax: 91-80-41491250 <BR>Email: info@hittco.com <BR>Website: http://www.hittco.com

Has Hittco Tools declared dividend?

No Dividend History Available

Who are the peers of the Hittco Tools?

Hittco Tools' peers include Kaynes Tech, Honeywell Auto, Jyoti CNC Auto, LMW, Jupiter Wagons, Elecon Engg.Co, Incon Engineers, Lexoraa Ind, and Hindusthan Udyog. Hittco Tools has below average management risk, growth, and capital structure compared to its peers, with a 1-year return of 10.56%.

Peers: The peers of Hittco Tools are Kaynes Tech, Honeywell Auto, Jyoti CNC Auto., LMW, Jupiter Wagons, Elecon Engg.Co, Incon Engineers, Lexoraa Ind, and Hindusthan Udyog.<BR><BR>Quality Snapshot: Excellent management risk is observed at Honeywell Auto, Jyoti CNC Auto., and Elecon Engg.Co, while Good management risk is found at Kaynes Tech and the rest. Average management risk is noted for LMW and Jupiter Wagons, while Hittco Tools has Below Average management risk. In terms of Growth, Excellent growth is seen at Kaynes Tech, Jyoti CNC Auto., and Jupiter Wagons, while Good growth is observed at Elecon Engg.Co, and the rest have Below Average growth, including Hittco Tools. For Capital Structure, Excellent capital structure is noted at Honeywell Auto, LMW, Jupiter Wagons, and Elecon Engg.Co, while Good capital structure is found at Kaynes Tech and Jyoti CNC Auto., with Hittco Tools having Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Kaynes Tech at 65.70%, while Honeywell Auto has the lowest at -26.32%. Hittco Tools has a 1-year return of 10.56%, which is higher than Honeywell Auto but lower than Kaynes Tech. Additionally, the peers with negative six-month returns include LMW, Jupiter Wagons, Incon Engineers, Lexoraa Ind, and Hindusthan Udyog.

Is Hittco Tools overvalued or undervalued?

As of November 18, 2024, Hittco Tools is considered overvalued and risky, with a PE ratio of -7.95, an EV to EBIT of -12.25, and negative returns on capital and equity, significantly underperforming compared to peers like Ircon International and Craftsman Auto.

As of 18 November 2024, Hittco Tools has moved from an attractive to a risky valuation grade. The company is currently overvalued, indicated by a PE ratio of -7.95 and an EV to EBIT of -12.25, which are significant red flags for potential investors. Additionally, the EV to EBITDA stands at 12.25, further highlighting the company's valuation concerns.<BR><BR>In comparison to its peers, Hittco Tools is positioned unfavorably against companies like Ircon International, which has a PE ratio of 28.25 and an EV to EBITDA of 23.27, and Craftsman Auto, with a PE of 63.8 and an EV to EBITDA of 18.78. The negative ROCE of -7.00% and ROE of -9.09% further emphasize the company's struggles in generating returns. While Hittco Tools has shown a 9.75% return over the past year, it still lags behind the Sensex return of 7.62%, reinforcing the notion of its overvaluation amidst a challenging financial landscape.

What is the technical trend for Hittco Tools?

As of June 2, 2025, Hittco Tools shows a mildly bearish trend overall, influenced by daily moving averages and monthly MACD, despite some mixed signals from weekly indicators like MACD and Bollinger Bands.

As of 2 June 2025, the technical trend for Hittco Tools has changed from sideways to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish trend. The daily moving averages are also mildly bearish, suggesting short-term weakness. The Bollinger Bands are bullish on the weekly timeframe but sideways on the monthly, indicating mixed signals. The KST and Dow Theory both reflect a mildly bullish outlook on the weekly but are mildly bearish on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the monthly MACD.

Who are in the management team of Hittco Tools?

As of March 2023, the management team of Hittco Tools includes Surendra Bhandari (Chairman & Managing Director), Yash Vardhan Bhandari (Whole Time Director & CFO), and several directors and independent directors, along with Sarita Kirnani as Company Secretary & Compliance Officer.

As of March 2023, the management team of Hittco Tools includes the following individuals:<BR><BR>1. Surendra Bhandari - Chairman & Managing Director<BR>2. Yash Vardhan Bhandari - Whole Time Director & CFO<BR>3. Sidharth Bhandari - Director<BR>4. Madhu Bhandari - Director<BR>5. S R Satish - Independent Director<BR>6. Vikram S Gupta - Independent Director<BR>7. B S Prakash - Independent Director<BR>8. Menezes Braganca Nikhil Fernando De - Independent Director<BR>9. Sarita Kirnani - Company Secretary & Compliance Officer<BR><BR>As of March 2023, Hittco Tools has a diverse management team comprising directors and independent directors, along with key roles in compliance and financial management.

Who are the top shareholders of the Hittco Tools?

The top shareholders of Hittco Tools are Surendra Bhandari with 16.25%, and Moizbhai Hakimuddin Boriawala with 4.21%. Individual investors hold a significant 59.25% of the shares, with no institutional or pledged promoter holdings reported.

The top shareholders of Hittco Tools include Surendra Bhandari, who is the promoter with the highest holding at 16.25%. The highest public shareholder is Moizbhai Hakimuddin Boriawala, holding 4.21%. Additionally, individual investors collectively hold a significant portion of the company, accounting for 59.25% of the shares. There are no institutional holdings or pledged promoter holdings reported.

How big is Hittco Tools?

As of 24th July, Hittco Tools Ltd has a market capitalization of 9.00 Cr, with net sales of 6.84 Cr and a net loss of 0.31 Cr over the latest four quarters. As of March 2024, the company reported shareholder's funds of 3.46 Cr and total assets of 8.30 Cr.

As of 24th July, Hittco Tools Ltd has a market capitalization of 9.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Hittco Tools reported net sales of 6.84 Cr. However, the company experienced a net loss of 0.31 Cr during the same period.<BR><BR>The latest annual period for the balance sheet is March 2024, where Hittco Tools reported shareholder's funds of 3.46 Cr and total assets amounting to 8.30 Cr.

Are Hittco Tools latest results good or bad?

Hittco Tools' latest results show mixed performance; while profitability has improved with a PAT of Rs 0.19 crore and a 39.05% increase in net sales year-on-year, recent quarterly results indicate significant declines in both net sales and profit, suggesting short-term challenges.

Hittco Tools' latest results present a mixed picture. On one hand, the company has shown improvement in profitability with a Profit After Tax (PAT) of Rs 0.19 crore over the last six months, a notable recovery from a loss of Rs 0.61 crore in the previous twelve months. Additionally, net sales for the nine-month period have increased by 39.05% year-on-year, reaching Rs 5.84 crore, which is an encouraging sign.<BR><BR>However, the quarterly performance for the period ending June 2025 reveals significant challenges. There has been a sharp decline in both net sales and standalone net profit compared to the previous quarter, with net sales dropping by 36.26% and net profit declining by 160.42%. This downward trend indicates that the company is facing difficulties in maintaining its sales momentum and profitability in the short term.<BR><BR>Moreover, the inventory turnover and debtors turnover ratios have decreased, suggesting that the company is experiencing a slowdown in selling inventory and collecting debts. Overall, while there are some positive developments in profitability and sales growth over a longer period, the recent quarterly results indicate a concerning downturn that could be viewed as unfavorable.

When is the next results date for Hittco Tools?

Hittco Tools will announce its results on 14 November 2025.

Hittco Tools will declare its results on 14 November 2025.

How has been the historical performance of Hittco Tools?

Hittco Tools has shown fluctuating financial performance, with net sales peaking at 7.13 Cr in Mar'19, declining to 5.49 Cr in Mar'21, and recovering to 6.95 Cr in Mar'25. Key metrics like operating profit and profit after tax have also varied significantly, indicating volatility in the company's financial health.

Answer:<BR>The historical performance of Hittco Tools shows a fluctuating trend in its financial metrics over the years.<BR><BR>Breakdown:<BR>Hittco Tools' net sales peaked at 7.13 Cr in Mar'19, followed by a decline to 5.49 Cr in Mar'21, and then a slight recovery to 6.95 Cr in Mar'25. Total operating income mirrored this trend, with a high of 7.01 Cr in Mar'23 and a low of 5.49 Cr in Mar'21. The total expenditure, excluding depreciation, increased from 6.06 Cr in Mar'19 to 6.52 Cr in Mar'25, impacting the operating profit, which fell from 1.08 Cr in Mar'19 to 0.43 Cr in Mar'25. Profit before tax showed a decline from 0.02 Cr in Mar'19 to 0.08 Cr in Mar'25, while profit after tax fluctuated, reaching a high of 0.74 Cr in Mar'22 but dropping to -0.01 Cr in Mar'25. The company's total liabilities rose from 6.79 Cr in Mar'21 to 10.15 Cr in Mar'25, with total assets also increasing from 6.79 Cr to 10.15 Cr in the same period. The book value per share adjusted slightly from 3.28 in Mar'20 to 5.39 in Mar'25. Overall, Hittco Tools has experienced volatility in its financial performance, with notable fluctuations in sales, profits, and asset values over the years.

Should I buy, sell or hold Hittco Tools Ltd?

Why is Hittco Tools Ltd falling/rising?

As of 18-Jan, Hittco Tools Ltd's stock price is at 12.85, down 0.7% and has fallen 7.15% over the last three days, trading below all key moving averages. The company faces operating losses, a high Debt to EBITDA ratio, and has underperformed the BSE500 index, contributing to its perception as a risky investment.

As of 18-Jan, Hittco Tools Ltd's stock price is currently at 12.85, reflecting a decrease of 0.09 or 0.7%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 7.15% during this period. This decline is further compounded by the fact that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weak performance relative to its historical price trends.<BR><BR>In terms of broader market performance, while Hittco Tools has outperformed its sector by 2.25% today, the engineering sector itself has seen a decline of 2.81%. Additionally, there has been a significant drop in investor participation, with delivery volume on January 14 falling by 99.26% compared to the 5-day average, suggesting reduced interest in trading the stock.<BR><BR>The company's fundamentals also present challenges, as it is facing operating losses and has a high Debt to EBITDA ratio of 3.40 times, indicating a low ability to service its debt. Furthermore, the stock has generated a return of -1.91% over the past year, underperforming against the BSE500 index in both the short and long term. These factors contribute to the perception of Hittco Tools Ltd as a risky investment, leading to its current decline in stock price.

Which are the latest news on Hittco Tools?