Hitech Corp.

What does Hitech Corp. do?

Hitech Corporation Ltd is a micro-cap manufacturer of rigid plastic packaging solutions, with recent net sales of 149 Cr and a net profit of 1 Cr for the quarter ending March 2025. The company has a market cap of Rs 330 Cr and key financial metrics include a P/E ratio of 36.00 and a dividend yield of 0.54%.

Overview: <BR>Hitech Corporation Ltd is a leading manufacturer of rigid plastic packaging solutions in the packaging industry and operates within the micro-cap market segment.<BR><BR>History: <BR>Incorporated in October 1991, Hitech Corporation Ltd was formerly known as Hi-Tech Plast Limited. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 149 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 1 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 330 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 36.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 0.54% <BR>Debt-Equity: 0.42 <BR>Return on Equity: 3.32% <BR>Price to Book: 1.19 <BR><BR>Contact Details: <BR>Address: Unit 201 2nd Flr Welspun House, S B Marg Lower Parel (W) Mumbai Maharashtra : 400013 <BR>Tel: 91-22-40016500 <BR>Email: investor.help@hitechgroup.com <BR>Website: http://www.hitechgroup.com

Who are in the management team of Hitech Corp.?

As of March 2023, the management team of Hitech Corp. includes Ashwin S Dani (Chairman), Malav A Dani (Managing Director), Mehernosh Adi Mehta (Whole-time Director), and several independent directors, along with other key positions such as Company Secretary and Vice Chairman. This diverse team oversees the governance and management of the company.

As of March 2023, the management team of Hitech Corp. includes the following members:<BR><BR>1. Ashwin S Dani - Chairman (Non-Executive)<BR>2. Harish N Motiwalla - Independent Director<BR>3. Malav A Dani - Managing Director<BR>4. Jayendra Ratilal Shah - Chairman (Non-Executive)<BR>5. Mehernosh Adi Mehta - Whole-time Director<BR>6. Bomi Pesi Chinoy - Independent Director<BR>7. Aditya M Sheth - Independent Director<BR>8. Kalpana Vithaldas Merchant - Independent Director<BR>9. Ashish Roongta - Company Secretary & Compliance Officer<BR>10. Ina A Dani - Vice Chairman<BR>11. Prakash D Trivedi - Non-Executive Director<BR><BR>This diverse team comprises various roles, including executive and independent directors, contributing to the governance and management of Hitech Corp.

Has Hitech Corp. declared dividend?

Hitech Corporation Ltd has declared a 10% dividend, amounting to 1 per share, with an ex-date of July 19, 2024. While the company shows significant volatility in total returns, it has experienced a strong positive return of 184.68% over the past 5 years.

Hitech Corporation Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1 per share<BR>- Ex-date: Jul-19-2024<BR><BR>Dividend Yield: 0.54%.<BR><BR>Total Returns by Period:<BR>Over the past 6 months, the price return was -23.81%, with a dividend return of 0%, resulting in a total return of -23.81%.<BR><BR>In the 1-year period, the price return was -4.6%, the dividend return was 0.46%, leading to a total return of -4.14%.<BR><BR>For the 2-year period, the price return was -6.86%, the dividend return was 0.90%, resulting in a total return of -5.96%.<BR><BR>In the 3-year period, the price return was -17.0%, the dividend return was 1.36%, leading to a total return of -15.64%.<BR><BR>Over the 4-year period, the price return was 9.33%, the dividend return was 1.76%, resulting in a total return of 11.09%.<BR><BR>In the 5-year period, the price return was 179.42%, the dividend return was 5.26%, leading to a total return of 184.68%.<BR><BR>Overall, Hitech Corp has declared a dividend, but the total returns over recent periods show significant volatility, with negative returns in shorter time frames and a strong positive return over the 5-year period.

Who are the peers of the Hitech Corp.?

Hitech Corp.'s peers include EPL Ltd, AGI Greenpac, Uflex, Polyplex Corpn, TCPL Packaging, B&B Triplewall, Sah Polymers, Rajeshwari Cans, and RDB Rasayans. Key insights show varying management risks, growth ratings, and capital structures among these companies, with Rajeshwari Cans leading in 1-year returns at 261.48% and Hitech Corp. at -10.94%.

Peers: The peers of Hitech Corp. are EPL Ltd, AGI Greenpac, Uflex, Polyplex Corpn, TCPL Packaging, B&B Triplewall, Sah Polymers, Rajeshwari Cans, RDB Rasayans.<BR><BR>Quality Snapshot: Excellent management risk is observed at EPL Ltd and TCPL Packaging, while Average management risk is found at AGI Greenpac, Uflex, Polyplex Corpn, Rajeshwari Cans, RDB Rasayans, and the rest. Below Average management risk is noted at B&B Triplewall and Sah Polymers. Growth ratings show that Good growth is seen at TCPL Packaging, while Average growth is found at AGI Greenpac, and the rest. Below Average growth is observed at EPL Ltd, Uflex, Polyplex Corpn, B&B Triplewall, Sah Polymers, Rajeshwari Cans, and RDB Rasayans. For Capital Structure, Excellent is noted at Polyplex Corpn and RDB Rasayans, Good at Hitech Corp. and EPL Ltd, Average at AGI Greenpac and TCPL Packaging, and Below Average at Uflex, B&B Triplewall, Sah Polymers, and Rajeshwari Cans.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Rajeshwari Cans at 261.48%, while the lowest is B&B Triplewall at -37.45%. Hitech Corp.'s 1-year return is -10.94%, which is higher than B&B Triplewall but lower than all other peers. Additionally, the six-month return is negative for B&B Triplewall, Hitech Corp., and RDB Rasayans.

What is the technical trend for Hitech Corp.?

As of May 12, 2025, Hitech Corp. shows a mildly bearish trend, with mixed signals from the MACD and moving averages, indicating short-term strength but a bearish long-term outlook.

As of 12 May 2025, the technical trend for Hitech Corp. has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals. The daily moving averages are mildly bearish, which aligns with the overall trend. The Bollinger Bands show a sideways movement on the weekly chart while being mildly bearish on the monthly chart. The KST and OBV are both mildly bullish on the weekly timeframe but bearish on the monthly, suggesting some short-term strength that is not reflected in the longer-term outlook. Overall, the current stance is mildly bearish, driven primarily by the bearish monthly indicators and the daily moving averages.

Who are the top shareholders of the Hitech Corp.?

The top shareholder of Hitech Corp. is Geetanjali Trading And Investments Private Limited, owning 69.11% of the shares. Individual investors hold 19.27%, while foreign institutional investors own 0.12%, and there are no mutual funds invested in the company.

The top shareholders of Hitech Corp. include Geetanjali Trading And Investments Private Limited, which holds a significant 69.11% of the shares. The company has no pledged promoter holdings, and individual investors collectively own 19.27% of the shares. Additionally, there are four foreign institutional investors (FIIs) holding a small portion, specifically 0.12%. There are no mutual funds currently invested in the company.

How big is Hitech Corp.?

As of 24th July, Hitech Corporation Ltd has a market capitalization of 366.00 Cr, classified as a Micro Cap company, with net sales of 561.42 Cr and a net profit of 8.94 Cr for the latest four quarters. Specific values for Shareholder's Funds and Total Assets are unavailable.

As of 24th July, Hitech Corporation Ltd has a market capitalization of 366.00 Cr and is classified as a Micro Cap company.<BR><BR>For the latest four quarters, Hitech Corporation reported net sales of 561.42 Cr and a net profit of 8.94 Cr.<BR><BR>The reporting period for the balance sheet data is the latest annual period. However, specific values for Shareholder's Funds and Total Assets are not available.

Is Hitech Corp. overvalued or undervalued?

As of November 19, 2025, Hitech Corp. is considered very attractive and undervalued compared to peers, with a PE Ratio of 42.08, an EV to EBITDA of 7.06, and a PEG Ratio of 0.00, indicating strong growth potential despite recent underperformance against the Sensex.

As of 19 November 2025, Hitech Corp. has moved from an attractive to a very attractive valuation grade. The company is currently considered undervalued, particularly when compared to its peers. Key ratios include a PE Ratio of 42.08, an EV to EBITDA of 7.06, and a Price to Book Value of 1.17, which highlight its potential for growth despite the high PE ratio.<BR><BR>In comparison to its peers, Hitech Corp. stands out with a significantly lower EV to EBITDA ratio than Garware Hi Tech, which is at 21.41, and AGI Greenpac at 8.77. The PEG Ratio of 0.00 further emphasizes its undervaluation relative to growth expectations, especially when considering that other peers like Uflex have a PEG of 0.74. While the stock has underperformed against the Sensex over various time frames, its current valuation suggests a strong upside potential if market conditions improve.

How has been the historical performance of Hitech Corp.?

Hitech Corp. has shown steady growth in net sales, increasing from 261.92 Cr in Mar'10 to 561.43 Cr in Mar'25, while total operating income also rose to 561.43 Cr. However, profit metrics like profit before tax and profit after tax declined, despite a significant increase in reserves from 54.41 Cr to 253.52 Cr during the same period.

Answer:<BR>The historical performance of Hitech Corp. shows a steady increase in net sales over the years, rising from 261.92 Cr in Mar'10 to 561.43 Cr in Mar'25. Total operating income also followed this upward trend, reaching 561.43 Cr in Mar'25 from 263.58 Cr in Mar'10. However, the company faced fluctuations in operating profit, with a peak of 65.23 Cr in Mar'25 compared to 41.61 Cr in Mar'10. Profit before tax showed a decline from 23.57 Cr in Mar'10 to 11.83 Cr in Mar'25, while profit after tax also decreased from 15.73 Cr in Mar'10 to 8.94 Cr in Mar'25. The earnings per share (EPS) reflected a similar trend, dropping from 11.34 in Mar'10 to 5.2 in Mar'25. Despite these declines in profit metrics, the company’s reserves significantly increased from 54.41 Cr in Mar'10 to 253.52 Cr in Mar'25, indicating a strong accumulation of retained earnings.<BR><BR>Breakdown:<BR>Hitech Corp. has demonstrated a robust growth trajectory in net sales, which increased from 261.92 Cr in Mar'10 to 561.43 Cr in Mar'25, showcasing the company's expanding market presence. Total operating income mirrored this growth, climbing to 561.43 Cr in Mar'25. However, operating profit experienced volatility, peaking at 65.23 Cr in Mar'25 but reflecting a decline in profit before tax from 23.57 Cr in Mar'10 to 11.83 Cr in Mar'25. Profit after tax also decreased over the same period, from 15.73 Cr to 8.94 Cr, alongside a drop in earnings per share from 11.34 to 5.2. Despite these challenges in profitability, Hitech Corp. has significantly bolstered its reserves, which surged from 54.41 Cr in Mar'10 to 253.52 Cr in Mar'25, indicating a strong foundation for future growth.

When is the next results date for Hitech Corporation Ltd?

The next results date for Hitech Corporation Ltd is 10 February 2026.

The next results date for Hitech Corporation Ltd is scheduled for 10 February 2026.

Are Hitech Corporation Ltd latest results good or bad?

Hitech Corporation Ltd's latest results are concerning, with a net profit loss of ₹2.62 crores in Q3 FY26, marking a significant decline both quarter-on-quarter and year-on-year, despite a 17.98% revenue increase. The company faces operational challenges, as indicated by a negative profit margin and declining stock performance.

Hitech Corporation Ltd's latest results indicate a challenging situation for the company. In Q3 FY26, the company reported a net profit loss of ₹2.62 crores, which marks a significant decline of 162.83% quarter-on-quarter and a staggering 307.94% year-on-year. This is a stark contrast to the previous year when the company had a positive profit margin.<BR><BR>While the revenue for the quarter did show a year-on-year increase of 17.98%, reaching ₹145.12 crores, this growth was overshadowed by severe margin compression. The operating margin fell to 8.81%, the lowest in eight quarters, and the profit after tax (PAT) margin turned negative at -1.81%. These figures reflect operational inefficiencies and rising costs that the company has struggled to manage.<BR><BR>Additionally, the stock has been under pressure, declining 15.71% over the past three months and trading significantly below key moving averages. The overall financial performance suggests that Hitech Corporation is facing critical operational challenges, and the outlook appears unfavorable until there are clear signs of recovery and improvement in profitability.

Should I buy, sell or hold Hitech Corporation Ltd?

Why is Hitech Corporation Ltd falling/rising?

As of 17-Mar, Hitech Corporation Ltd's stock price is rising to 139.95, driven by recent gains, increased investor participation, and outperformance against its sector. Despite longer-term declines, the stock shows positive short-term momentum with a total return of 7.24% over the last four days.

As of 17-Mar, Hitech Corporation Ltd's stock price is rising, currently at 139.95, with a change of 0.6 (0.43%) upward. This increase can be attributed to several factors. Notably, the stock has outperformed its sector by 1.7% today and has experienced consecutive gains over the last four days, accumulating a total return of 7.24% during this period. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 60.38% compared to the 5-day average, indicating heightened interest in the stock. <BR><BR>While the stock has shown a decline over longer periods, such as a year-to-date drop of 16.75% and a one-year decline of 30.03%, the recent performance suggests a positive short-term trend. The current price is higher than the 5-day moving average, although it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating that while there is short-term momentum, the stock may still be recovering from longer-term declines. Overall, the combination of recent gains, increased trading volume, and sector outperformance contributes to the current rise in Hitech Corporation Ltd's stock price.

Why is Hitech Corporation Ltd falling/rising?

As of 18-Mar, Hitech Corporation Ltd's stock price is falling to 134.90, down 4.6 or 3.3%. This decline follows a trend reversal after four days of gains, with decreased investor participation and a bearish long-term outlook indicated by its moving averages.

As of 18-Mar, Hitech Corporation Ltd's stock price is falling, currently at 134.90, which reflects a decrease of 4.6 or 3.3%. This decline comes after a trend reversal, as the stock had previously experienced four consecutive days of gains. Despite opening with a gain of 2.15% today and reaching an intraday high of Rs 142.5, the stock ultimately fell to its day's low of Rs 134.9. <BR><BR>The stock has underperformed its sector by 5.37% today, indicating a weaker performance compared to the overall market. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 47.12% against the 5-day average, suggesting reduced interest from investors. Furthermore, while the stock is trading above its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. <BR><BR>Overall, these factors contribute to the current decline in Hitech Corporation Ltd's stock price.

Why is Hitech Corporation Ltd falling/rising?

As of 19-Mar, Hitech Corporation Ltd's stock price is Rs 131.35, down 3.45%, continuing a trend of decline with a year-to-date drop of 21.86%. The stock is underperforming compared to the Sensex and shows reduced trading volume, indicating a bearish trend.

As of 19-Mar, Hitech Corporation Ltd's stock price is falling, currently at Rs 131.35, reflecting a decrease of Rs 4.7 or 3.45%. This decline is part of a broader trend, as the stock has been losing value for the last two days, with a total drop of 5.84% during this period. Additionally, the stock has underperformed significantly over various time frames, with a year-to-date decline of 21.86% and a one-year drop of 33.99%, compared to the Sensex which has only fallen by 1.65% over the same period.<BR><BR>Today's trading activity indicates that the stock reached an intraday low of Rs 128.5, which is a decrease of 5.55%. The trading volume has also decreased, with delivery volume on March 18 falling by 39.69% compared to the five-day average, suggesting a decline in investor participation. Furthermore, Hitech Corporation Ltd is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.<BR><BR>Overall, the combination of consecutive price declines, poor performance relative to the benchmark, reduced trading volume, and trading below moving averages all contribute to the stock's current downward trajectory.

Why is Hitech Corporation Ltd falling/rising?

As of 20-Mar, Hitech Corporation Ltd's stock price is rising to 142.05, up 7.94%. This short-term increase follows a trend reversal after previous declines, but long-term prospects remain uncertain due to significant profit losses and underperformance over the past year.

As of 20-Mar, Hitech Corporation Ltd's stock price is rising, currently at 142.05, reflecting a change of 10.45 (7.94%) upward. This increase can be attributed to several factors. Notably, the stock has outperformed its sector by 10.66% today and has experienced a trend reversal after two consecutive days of decline. It opened with a gain of 3.34% and reached an intraday high of Rs 145, indicating strong buying interest.<BR><BR>Despite the positive movement today, it is important to consider the broader context. Over the past year, the stock has generated a return of -30.09%, and its profits have fallen significantly by -67%. Additionally, the stock has consistently underperformed against the benchmark over the last three years, which may contribute to a cautious outlook among investors.<BR><BR>The stock's current rise is also accompanied by high volatility, with an intraday volatility of 5.36%. However, there has been a notable decline in investor participation, as evidenced by a delivery volume that has fallen by -84.93% compared to the five-day average. This suggests that while the stock is experiencing a short-term rise, the long-term growth prospects remain uncertain due to poor performance metrics and declining profits.

Which are the latest news on Hitech Corp.?