Hitech Corporation

Hitech Corporation

184.37
-1.63
(-0.88%)
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Key Fundamentals
Add Ratio
Market Cap
316.67 Cr
EPS
5.20
PE Ratio
28.69
Dividend Yield
0.54 %
52 Week High
292.00
52 Week Low
160.00
PB Ratio
1.15
Debt to Equity
0.43
Sector
Packaging
Forecast For
Actual

Company News

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neutral
Hitech Corporation Limited announced its quarterly results for the second quarter and half year ended September 30, 2025. The company reported a standalone net profit of ₹150.98 lakhs for Q2 2025, down from ₹292.35 lakhs in Q2 2024. For the half year, standalone profit increased to ₹491.20 lakhs from ₹697.05 lakhs in the previous year. Total income for Q2 stood at ₹1,844.72 lakhs compared to ₹1,687.72 lakhs last year. On a consolidated basis, Q2 net profit was ₹418.38 lakhs versus ₹294.31 lakhs in Q2 2024. The Board approved term extensions for three key personnel: Mr. Raghavendra Prasad (General Manager-HR) for two years from March 13, 2025, Mr. V.S.R. Anjaneyulu (Vice President-Technology Center) for one year from September 6, 2025, and Mr. Mehernosh Mehta (Whole-Time Director) beyond his internal retirement age of 58 years until March 16, 2026. The company operates in plastic products as its primary business segment.
positive
Hitech Corporation Limited reported consolidated revenue of ₹16,490.48 lakhs for the quarter ended June 30, 2025, compared to ₹14,262.04 lakhs in the same quarter last year. The company's consolidated profit after tax increased to ₹474.79 lakhs from ₹388.57 lakhs year-over-year. On a standalone basis, revenue reached ₹15,282.06 lakhs with profit after tax of ₹340.14 lakhs. The company operates in plastic products as its primary business segment. Basic earnings per share improved to ₹1.98 on standalone basis and ₹2.76 on consolidated basis. The Board of Directors approved both audited standalone and unaudited consolidated financial results during their meeting held on August 8, 2025. The company has subsidiaries including Thriarr Polymers Private Limited and Hitech Global Inc.
negative
Hitech Corporation Faces Rs 1.85 Crore Stamp Duty Demand from Gujarat AuthorityAug 05, 2025
Hitech Corporation Limited received an order from the Collector and Additional Superintendent of Stamps, Gandhinagar, demanding stamp duty of Rs 26.49 lakh and a fine of Rs 1.59 crore related to a slump sale agreement from 2006. The demand pertains to moveable and immoveable properties transferred through a slump sale agreement between Mipak Plastics Private Limited and Mipak Polymers Private Limited dated May 30, 2006. These entities later merged with Hitech Corporation through court-approved amalgamation schemes in 2010 and 2015. The company had previously paid stamp duty of Rs 5.82 lakh to Maharashtra State Stamp Authority for the same transaction. Hitech Corporation stated there is no material impact on its financial, operational, or other activities and plans to file an appeal against the order within prescribed timelines.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
195.54
#1 6,259.35
15.06
4,256.90
7.08
#1 364
20.16
39.22
764.35
4,945.14
14.26
2,603.60
-5.06
322
5.41
33.48
514.75
3,717.09
9.59
#1 15,199.30
12.40
142
#1 141.64
27.16
3,222.80
2,932.75
23.14
1,784.60
14.99
143
-19.15
39.20
870.05
2,731.30
38.63
6,980.60
9.64
358
-79.59
24.17
547.35
2,396.65
#1 -109.67
5,742.40
30.41
115
-78.29
40.05
1,023.00
2,376.47
177.97
554.20
16.04
38
-49.49
35.20
661.20
2,189.94
24.82
633.00
31.93
64
-3.89
37.31
765.95
2,010.60
13.75
2,969.60
11.84
133
1.97
28.99
21.62
1,816.04
109.22
194.60
#1 220.07
13
32.26
64.78
Growth Rate
Revenue Growth
0.27 %
Net Income Growth
-22.26 %
Cash Flow Change
-92.00 %
ROE
-28.33 %
ROCE
-24.13 %
EBITDA Margin (Avg.)
-2.81 %

Quarterly Financial Results

Quarterly Financials
Mar 2015
Jun 2015
Sept 2015
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
96
103
108
144
147
124
151
165
165
Expenses
90
92
95
127
130
110
135
144
144
EBITDA
6
11
13
18
17
14
16
21
20
Operating Profit %
6 %
10 %
12 %
11 %
11 %
11 %
10 %
12 %
12 %
Depreciation
5
4
4
9
9
9
10
10
10
Interest
3
3
3
4
4
4
4
5
5
Profit Before Tax
-1
4
7
5
4
1
2
7
6
Tax
-1
1
1
1
1
-0
1
2
2
Net Profit
-0
3
5
4
3
1
1
5
4
EPS in ₹
0.12
2.11
3.23
2.26
1.62
0.73
0.59
2.76
2.43

Balance Sheet

Balance Sheet
2025
Total Assets
451
Fixed Assets
295
Current Assets
119
Capital Work in Progress
13
Investments
1
Other Assets
143
Total Liabilities
451
Current Liabilities
120
Non Current Liabilities
60
Total Equity
271
Reserve & Surplus
254
Share Capital
17

Cash Flow

Cash Flow
2025
Net Cash Flow
2
Investing Activities
-61
Operating Activities
48
Financing Activities
14

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
74.43 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.03 %
0.00 %
0.00 %
0.10 %
0.12 %
0.15 %
0.14 %
0.12 %
0.12 %
0.15 %
DIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.04 %
0.04 %
0.04 %
0.04 %
0.04 %
0.04 %
0.04 %
0.04 %
0.04 %
0.04 %
0.04 %
0.04 %
0.04 %
Government
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
Public / Retail
19.66 %
19.47 %
19.52 %
19.12 %
18.98 %
19.06 %
18.99 %
19.16 %
18.95 %
19.23 %
19.33 %
19.12 %
18.95 %
18.75 %
18.69 %
18.83 %
19.27 %
19.27 %
19.26 %
Others
5.89 %
6.07 %
6.03 %
6.43 %
6.57 %
6.49 %
6.51 %
6.35 %
6.56 %
6.25 %
6.17 %
6.39 %
6.45 %
6.64 %
6.66 %
6.53 %
6.11 %
6.12 %
6.10 %
No of Share Holders
0
5,764
6,749
6,627
8,146
7,637
7,848
7,809
7,734
7,827
7,441
8,175
8,184
8,436
8,575
8,926
9,487
9,285
9,201

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 0.9 0.9 0.9 0.00 1 1 1 1 1
Dividend Yield (%) 0.00 0.62 0.83 1.85 0.00 0.44 0.64 0.5 0.55 0.54

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
22 Jul 2021 DIVIDEND Dividend
₹ 1.00 /share
20 Jul 2021 176.25 232.65
08 Jul 2022 DIVIDEND Dividend
₹ 1.00 /share
07 Jul 2022 241.25 228.20
01 Jul 2023 DIVIDEND Dividend
₹ 1.00 /share
30 Jun 2023 184.50 239.90
19 Jul 2024 DIVIDEND Dividend
₹ 1.00 /share
19 Jul 2024 221.80 244.50
25 Jul 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
25 Jul 2024 221.35 234.45
13 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 Nov 2024 277.45 254.35
10 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
10 Feb 2025 210.00 222.17
26 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
26 May 2025 198.00 193.15
18 Jul 2025 DIVIDEND Dividend
₹ 1.00 /share
18 Jul 2025 193.15 211.10
24 Jul 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
24 Jul 2025 191.70 204.10
08 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
08 Aug 2025 185.55 182.00
10 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
10 Nov 2025 195.00 193.75

Announcements

Announcement under Regulation 30 (LODR)-Newspaper Publication7 days ago
Announcement under Regulation 30 (LODR)-Change in Management9 days ago
Quarterly And Half Yearly Results For September 20259 days ago
Board Meeting Outcome for Outcome Of Board Meeting Dated 10Th November 20259 days ago
Board Meeting Intimation for Consideration Of The Financial Results Of The Company For The Quarter Ended 30Th September 2025.Nov 04, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 14, 2025
Closure of Trading WindowSep 29, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 11, 2025
Quarterly Results For June 2025Aug 08, 2025
Board Meeting Outcome for Outcome Of Board Meeting Dated 08Th August 2025Aug 08, 2025
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 05, 2025
Board Meeting Intimation for Consideration Of The Financial Results Of The Company For The Quarter Ended 30Th June 2025.Aug 04, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 28, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMJul 24, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 18, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 03, 2025
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 02, 2025
Reg. 34 (1) Annual Report.Jul 02, 2025
Notice Of 34Th Annual General Meeting To Be Held On July 24 2025 And Annual Report For FY 2024-25Jul 02, 2025
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jun 30, 2025
Closure of Trading WindowJun 27, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 25, 2025
Intimation Of Record Date For Payment Of Dividend And E-Voting At 34Th Annual General MeetingJun 25, 2025
Announcement under Regulation 30 (LODR)-Date of payment of DividendJun 25, 2025
34Th Annual General Meeting Record Date For Dividend And Other Relevant InformationJun 25, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 28, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 27, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementMay 26, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementMay 26, 2025
Corporate Action-Board approves DividendMay 26, 2025
Results - Financial Year For FY 2024-25May 26, 2025
Board Meeting Outcome for Outcome Of Board Meeting Dated 26Th May 2025May 26, 2025
Board Meeting Intimation for Consideration Of Financial Results Of The Company For The Quarter And Financial Year Ending 31St March 2025 And Recommendation Of Final Dividend If Any For Financial Year Ending 31St March 2025May 20, 2025
Intimation Of Change In Contact Details Of The Registrar & Transfer Agent Of The CompanyApr 18, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 14, 2025
Closure of Trading WindowMar 28, 2025
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerMar 26, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementMar 25, 2025
Intimation Of Closure Of PPMF Business Unit At Sarigam GujaratMar 13, 2025
Announcement under Regulation 30 (LODR)-Updates on AcquisitionMar 07, 2025
Announcement under Regulation 30 (LODR)-Updates on AcquisitionFeb 27, 2025
Announcement under Regulation 30 (LODR)-Updates on AcquisitionFeb 24, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 12, 2025
Integrated Filing (Financial)Feb 10, 2025
Results For Quarter Ended 31St December 2024Feb 10, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementFeb 10, 2025
Board Meeting Outcome for Outcome Of Board MeetingFeb 10, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementFeb 05, 2025
Board Meeting Intimation for Approval Of Audited Standalone Financial Results And Unaudited Consolidated Financial ResultsFeb 04, 2025

Technical Indicators

RSI(14)
Neutral
44.30
ATR(14)
Less Volatile
6.59
STOCH(9,6)
Oversold
16.59
STOCH RSI(14)
Oversold
15.77
MACD(12,26)
Bearish
-0.31
ADX(14)
Weak Trend
16.77
UO(9)
Bearish
38.71
ROC(12)
Downtrend And Accelerating
-3.16
WillR(14)
Oversold
-85.63