Iykot Hitech

Why is Iykot Hitech Toolroom Ltd falling/rising?

As of 30-Aug, the stock price of Iykot Hitech Toolroom Ltd is Rs. 22.16, unchanged from the previous session, but it has risen 80.02% year-to-date. Despite this increase, the company faces significant risks due to operating losses, weak debt servicing ability, low profitability, and declining investor participation, raising concerns about its long-term viability.

As of 30-Aug, the stock price of Iykot Hitech Toolroom Ltd is currently at Rs. 22.16, showing no change from the previous trading session. Despite this stability in price, the stock has experienced a significant rise over the year-to-date, with an increase of 80.02%, while the benchmark Sensex has fallen by 9.34% during the same period. This indicates a strong performance relative to the market.<BR><BR>However, there are several concerning factors that suggest the stock may be viewed as risky. The company has reported operating losses, with a negative EBITDA of Rs. -1.08 crore, and a weak ability to service its debt, indicated by an average EBIT to Interest ratio of -1.11. Additionally, the company has generated a low Return on Equity of 0.65%, reflecting low profitability per unit of shareholders' funds. <BR><BR>The stock's performance today has underperformed its sector by 0.39%, and there has been a notable decline in investor participation, with delivery volume dropping by 75.18% compared to the 5-day average. Furthermore, the stock has not traded on 4 out of the last 20 days, indicating erratic trading behavior.<BR><BR>While the stock has reached a new 52-week high today, the overall financial health of the company raises concerns about its long-term viability. The combination of weak fundamentals, declining profitability, and reduced trading activity suggests that despite recent gains, the stock may face downward pressure moving forward.

Which are the latest news on Iykot Hitech?

Who are in the management team of Iykot Hitech?

The management team of Iykot Hitech includes Likhitta Dugar (Whole-time Director), Suresh Rajasekar, S Munnavar Hussain, and Velli Paramasivam (all Independent Directors), and Annjana Dugar (Non-Executive Director).

The management team of Iykot Hitech includes the following individuals:<BR><BR>1. **Likhitta Dugar** - Whole-time Director<BR>2. **Suresh Rajasekar** - Independent Director<BR>3. **ANNJANA DUGAR** - Non-Executive Director<BR>4. **S Munnavar Hussain** - Independent Director<BR>5. **Velli Paramasivam** - Independent Director<BR><BR>If you need more details about any specific member or their roles, feel free to ask!

What does Iykot Hitech do?

Iykot Hitech Toolroom Ltd manufactures plastic moulded components for the white goods, automobile, and entertainment electronics sectors. The company, incorporated in 1991, currently has a market cap of INR 22 Cr and reported net sales and profit of 0 Cr for June 2026.

Overview:<BR>Iykot Hitech Toolroom Ltd is engaged in the manufacturing of plastic moulded components for the white goods, automobile, and entertainment electronics sectors, operating within the industrial manufacturing industry and classified as a micro-cap company.<BR><BR>History:<BR>The company was incorporated in August 1991 as Elcot Hitech Toolroom Limited in Tamil Nadu. It was promoted in the joint sector by Electronics Corporation of Tamilnadu (ELCOT) alongside technocrat entrepreneurs S Iyempandi and N K S Kolappan. The latest quarterly results reported net sales and net profit of 0 Cr for June 2026.<BR><BR>Financial Snapshot:<BR>- Most recent Net Sales: 0 Cr (Quarterly Results - Jun 2026)<BR>- Most recent Net Profit: 0 Cr (Quarterly Results - Jun 2026)<BR>- Market-cap value: INR 22 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A<BR>- Industry P/E: 12<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.46<BR>- Return on Equity: -29.53%<BR>- Price to Book: 5.68<BR><BR>Contact Details:<BR>Address: No 19 Block - 1, Sidco Electronic Cplx Guindy Chennai Tamil Nadu : 600032<BR>Tel: 91-44-22500280<BR>Email: info@iykot.com/grc@iykot.com<BR>Website: http://www.hitechtoolroom.com

Who are the peers of the Iykot Hitech?

Iykot Hitech's peers include Miven Mach. Tool, Polymechplast Ma, and Harish Textile, among others. In terms of returns, Harish Textile leads with 16.34%, while Iykot Hitech has a 69.68% return, significantly higher than Trans India's -70.14%.

Peers: The peers of Iykot Hitech are Miven Mach. Tool, Polymechplast Ma, Trans India, Harshil Agrotech, Harish Textile, Envair Electrody, Veejay Lak. Eng., Benara Bearings, Containe Tech., and Sterling Powerg.<BR><BR>Quality Snapshot: Excellent management risk is observed at none of the peers, while Average management risk is found at Polymechplast Ma, Harshil Agrotech, and Harish Textile, and the rest have Below Average management risk. In terms of Growth, only Harish Textile shows Good growth, while Average growth is noted at Polymechplast Ma, and the rest have Below Average growth. For Capital Structure, Good capital structure is seen at Polymechplast Ma and Harshil Agrotech, while the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Harish Textile at 16.34%, while Trans India has the lowest at -70.14%. Iykot Hitech's 1-year return is 69.68%, which is significantly higher than Trans India but lower than Harish Textile. Additionally, Envair Electrody, Veejay Lak. Eng., Benara Bearings, and Containe Tech. have negative six-month returns.

How big is Iykot Hitech?

As of 13th August, Iykot Hitech Toolroom Ltd has a market capitalization of 22.00 Cr and reported Net Sales of 1.02 Cr with a Net Profit loss of 1.14 Cr over the latest four quarters. Shareholder's Funds were 2.64 Cr and Total Assets were 2.88 Cr as of March 2025.

As of 13th August, Iykot Hitech Toolroom Ltd has a market capitalization of 22.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 1.02 Cr. However, it experienced a loss of 1.14 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, where Shareholder's Funds amounted to 2.64 Cr and Total Assets were valued at 2.88 Cr.

Should I buy, sell or hold Iykot Hitech Toolroom Ltd?

When is the next results date for Iykot Hitech Toolroom Ltd?

The next results date for Iykot Hitech Toolroom Ltd is 24 July 2026.

The next results date for Iykot Hitech Toolroom Ltd is scheduled for 24 July 2026.

Are Iykot Hitech Toolroom Ltd latest results good or bad?

Iykot Hitech Toolroom Ltd's latest results are concerning, showing a marginal profit of ₹0.03 crores after seven quarters of losses, but a significant 81.44% year-on-year revenue decline raises serious red flags about its financial health. Investors should be cautious due to ongoing operational challenges and a negative return on equity of -33.33%.

Iykot Hitech Toolroom Ltd's latest results present a mixed picture, but overall, they lean towards the negative side. In Q4 FY26, the company reported a net profit of ₹0.03 crores, which is a positive turnaround after seven consecutive quarters of losses. However, this marginal profit is overshadowed by a significant revenue decline of 81.44% year-on-year, with net sales dropping to ₹0.18 crores from ₹0.97 crores in the same quarter last year.<BR><BR>While there was a slight sequential improvement in revenue, increasing by 12.50% from ₹0.16 crores in Q3 FY26, the overall financial health of the company raises serious concerns. The operating margin of 27.78% appears positive, but it largely reflects a drastically reduced cost base rather than improved operational efficiency.<BR><BR>Additionally, the company's return on equity (ROE) stands at a negative 33.33%, indicating a lack of profitability and value generation for shareholders. The financial situation is further complicated by a negative operating cash flow of ₹-2.00 crores, which suggests that the company is consuming cash rather than generating it.<BR><BR>In summary, while Iykot Hitech has achieved a marginal profit, the severe revenue decline and ongoing operational challenges indicate that the latest results are not good. Investors should approach this stock with caution due to its precarious financial position and the risks associated with its micro-cap status.

How has been the historical performance of Iykot Hitech?

Iykot Hitech has experienced significant declines in net sales and profitability, with net sales dropping from 8.35 Cr in Mar'22 to 5.01 Cr in Mar'25, and operating profit remaining negative since Mar'23. The company's financial challenges are reflected in deteriorating earnings per share and negative cash flow from operating activities.

Answer:<BR>The historical performance of Iykot Hitech shows significant fluctuations in its financial metrics over the years.<BR><BR>Breakdown:<BR>Iykot Hitech's net sales have seen a decline from 8.35 Cr in Mar'22 to 5.01 Cr in Mar'25, with a notable drop from 2.25 Cr in Mar'23 to 1.33 Cr in Mar'24. Total operating income followed a similar trend, decreasing from 8.35 Cr in Mar'22 to 5.10 Cr in Mar'25. The company's total expenditure, excluding depreciation, peaked at 7.99 Cr in Mar'22 but fell to 6.02 Cr by Mar'25. Operating profit (PBDIT) has been negative since Mar'23, with losses widening from -0.97 Cr in Mar'23 to -0.92 Cr in Mar'25. Profit before tax and profit after tax also remained negative, with figures of -1.05 Cr for both in Mar'25. The company's earnings per share (EPS) have deteriorated from 0.33 in Mar'22 to -1.09 in Mar'25. On the balance sheet, total liabilities increased to 3.79 Cr in Mar'24 from 3.59 Cr in Mar'23, while total assets also rose slightly to 3.79 Cr in Mar'24. The cash flow from operating activities has been negative at -1.00 Cr in Mar'24, indicating ongoing financial challenges. Overall, Iykot Hitech has experienced a downward trend in sales and profitability, reflecting a challenging operational environment.

Is Iykot Hitech overvalued or undervalued?

As of November 12, 2024, Iykot Hitech is rated as risky due to significant financial distress, reflected in its negative PE and EV to EBITDA ratios, along with poor ROCE and ROE metrics, making it overvalued compared to peers like Rail Vikas and Ircon International, despite a strong historical return.

As of 12 November 2024, the valuation grade for Iykot Hitech has moved from does not qualify to risky. The company appears to be overvalued based on its financial ratios, with a PE ratio of -6.05 and an EV to EBITDA ratio of -7.03, indicating significant losses. Additionally, the ROCE and ROE are notably negative at -119.41% and -129.90%, respectively, which further underscores the company's financial distress.<BR><BR>In comparison to its peers, Iykot Hitech's valuation metrics are starkly unfavorable. For instance, Rail Vikas has a PE ratio of 69.76, while Ircon International, which is categorized as fair, has a PE of 28.25. This stark contrast highlights Iykot Hitech's poor standing within the industrial manufacturing sector. Despite a strong historical performance with a 1Y return of 25% compared to the Sensex's 7.64%, the current financial indicators suggest that the company is not positioned well for sustainable growth.

What is the technical trend for Iykot Hitech?

As of May 16, 2025, Iykot Hitech's technical trend is mildly bearish, influenced by daily moving averages and a bearish KST, despite mixed signals from the MACD and supportive Bollinger Bands.

As of 16 May 2025, the technical trend for Iykot Hitech has changed from sideways to mildly bearish. The weekly MACD indicates a mildly bullish stance, but the monthly MACD is mildly bearish, suggesting mixed signals. The daily moving averages are mildly bearish, reinforcing the current trend. The KST is bearish on a weekly basis and mildly bearish monthly, while the Dow Theory shows no trend weekly and mildly bearish monthly. The Bollinger Bands are mildly bullish weekly and bullish monthly, which adds some support. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the bearish KST.

Has Iykot Hitech declared dividend?

Iykot Hitech Toolroom Ltd has declared a 7% dividend, amounting to 0.35 per share, with an ex-date of September 12, 2019. Despite the dividend declaration, the yield is 0%, as dividends have not contributed to returns in recent periods, although the company has shown significant price appreciation over longer periods.

Iykot Hitech Toolroom Ltd has declared a 7% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 7%<BR>- Amount per share: 0.35<BR>- Ex-date: 12 Sep 19<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was 0%, the dividend return was 0%, resulting in a total return of 0.0%.<BR><BR>For the 1-year period, the price return was -4.01%, the dividend return was 0%, leading to a total return of -4.01%.<BR><BR>Over the 2-year period, the price return was 30.84%, the dividend return was 0%, resulting in a total return of 30.84%.<BR><BR>In the 3-year period, the price return was 134.41%, the dividend return was 0%, leading to a total return of 134.41%.<BR><BR>For the 4-year period, the price return was 337.17%, the dividend return was 0%, resulting in a total return of 337.17%.<BR><BR>In the 5-year period, the price return was 505.07%, the dividend return was 0%, leading to a total return of 505.07%.<BR><BR>Overall, while Iykot Hitech Toolroom Ltd has declared a dividend, the dividend yield remains at 0%, indicating that dividends have not contributed to returns in recent periods. However, the total returns over longer periods show significant price appreciation.

Who are the top shareholders of the Iykot Hitech?

The top shareholders of Iykot Hitech include Padam Dugar with 24.0%, individual investors with 24.92%, and Divya Kanda as the highest public shareholder at 2.94%. Currently, there are no holdings by mutual funds or foreign institutional investors.

The top shareholders of Iykot Hitech include the promoters, with Padam Dugar holding the largest share at 24.0%. Individual investors collectively own 24.92% of the company, while the highest public shareholder is Divya Kanda, who holds 2.94%. Notably, there are no holdings by mutual funds or foreign institutional investors (FIIs) at this time.