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    Auto - Parts
The Hi-Tech Gears Limited

The Hi-Tech Gears Limited

HITECHGEAR.BO
The Hi-Tech Gears LimitedIN flagBombay Stock Exchange
643.10
INR
-32.80
- -
11.85BMarket Cap
The Hi-Tech Gears Limited
HITECHGEAR.BO
(Bombay Stock Exchange)

Recent

price

643.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
226.41
265.07
198.94
192.36
230.14
239.76
245.55
390.65
474.02
376.03
387.66
503.48
607.59
577.3
482.8
- -
474.15
Revenue per Share
18.67
22.44
8.64
8.49
9.81
11.28
10.73
18.25
18.96
4.41
15.34
-0.59
12.32
60.86
21.49
- -
11.19
Basic EPS, GAAP
13.85
-17.42
30.94
4.23
3.31
13.11
20.07
-27.12
-37.93
65.14
-11.41
-2.42
13.1
44.45
66.55
- -
- -
Free Cash Flow per Basic Share
4.37
4.5
2.5
2.5
2.5
3
3.32
3.31
4.22
4.22
- -
2
1.5
2.5
5
- -
- -
Dividend per Share
10
53.62
58.11
62.56
64.93
90.35
97.42
112.51
127.34
127.88
143.57
141.48
152.81
211.4
226.84
- -
10.04
Book Value per Share
65.81
82.1
87.52
93.15
96.53
106.02
47.31
67.2
85.82
88.25
109.91
115.58
144.05
205.77
219.25
- -
236.64
Tangible Book Value per Share
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
- -
19
Basic Weighted Avg Shares
4,249
4,975
3,734
3,610
4,319
4,500
4,608
7,332
8,896
7,057
7,276
9,449
11,403
10,838
9,068
8,886
8,886
Sales/Revenue/Turnover
-65.42
13.35
7.93
6.47
6.44
7.66
7.12
8.71
8.59
6.23
6.72
3.26
5.29
8.4
7.99
3.8
3.8
Operating Margin (%)
162
198
232
231
251
227
262
394
422
430
431
523
822
612
635
673
673
Depreciation Expense
350
421
162
159
184
212
201
342
356
83
288
-11
231
1,143
404
210
210
Net Income, GAAP
33.48
32.63
31.41
27.81
29.96
37.01
38.18
33.53
39.21
56.4
15.36
110.1
31.9
17.17
35.69
36.97
36.97
Effective Tax Rate (%)
8.24
8.47
4.34
4.41
4.26
4.7
4.37
4.67
4
1.17
3.96
-0.12
2.03
10.54
4.45
2.36
2.36
Profit Margin (%)
326
33
131
207
103
241
321
911
937
845
919
680
629
1,222
1,597
1,920
1,920
Working Capital
541
410
299
138
2
3
2,428
2,844
3,094
3,003
3,314
3,213
2,401
1,435
1,271
1,168
1,168
LT Debt
1,236
1,559
1,663
1,762
1,817
1,994
2,015
2,408
2,717
2,762
3,207
3,307
3,544
4,662
4,836
5,226
5,226
Total Equity
-113.91
22.3
9.58
8.48
9.2
9.3
5.33
7.54
7.06
2.86
6.02
-0.4
5.11
9.59
6.43
3.06
3.06
Return on Invested Capital (%)
61.31
39.03
10.41
12.73
12.92
11.68
6.23
9.16
8.08
3.28
6.96
-0.5
5.37
19.52
8.18
7.31
7.31
Return on Capital (%)
248.9
70.54
15.46
14.06
15.39
14.52
11.43
17.38
15.81
3.46
11.3
-0.41
8.37
33.42
9.81
9.43
9.43
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
650
- -
657
LT Borrowings
101
- -
74
LT Finance Leases
1,056
- -
1,094
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
- -
19
Market Capitalization
13,941
13,121
10,120

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,584
- -
3,821
Cash, Cash Equivalents & STI
370
- -
404
Accounts Receivable, Net
1,699
- -
1,732
Inventories
1,289
- -
1,408
Total Current Liabilities
1,887
- -
1,901
Payables & Accruals
- -
- -
- -
ST Debt
650
- -
657
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.48%
10.72%
8.08%
Free Cash Flow
-101.88%
-97.49%
-56.89%
Net Income, GAAP
-177.95%
-403.94%
-48.02%
Sales/Revenue/Turnover
9.25%
5.45%
-2.01%
Total Cash Common Dividend
- -
17.85%
0.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,580
2,776
2,676
2,806
10,838
2025
2,550
2,410
2,005
2,102
9,068
2026
2,106
2,352
2,191
2,237
8,886

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.95
38.48
7.95
- -
60.86
2025
7.58
5.09
3.66
5.17
21.49
2026
3.19
3.2
0.46
4.32
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.5
2025
- -
- -
- -
- -
5
2026
- -
- -
- -
- -
- -
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Business
The Hi-Tech Gears Limited (HITECHGEAR.BO) manufactures precision auto components as a Tier 1 supplier to global automobile manufacturers and Tier 1 and Tier 2 suppliers; its core products and services encompass transmission gears and shafts, engine components including camshafts and crankshafts, driveline components, steering linkage, power take-off components, clutches, and advanced technology solutions in robotics, artificial intelligence, computer vision, embedded systems, and engineering design services. Founded in 1986 and headquartered in Gurugram, India, the company operates manufacturing facilities in Bhiwadi and Manesar, Rajasthan and Haryana respectively, with a global footprint extending to North America through subsidiaries such as The Hi-Tech Gears Canada Inc. and U.S.-based entities including Teutech Holdings Co. and Teutech LLC; it serves diverse segments including two-wheelers, light vehicles, commercial vehicles, and emerging sectors like industrial automation, defense, and unmanned systems via group entities The Hi-Tech Robotic Systemz Limited (established 2004) and Novus Hi-Tech Robotic Systemz Private Limited. Recent developments include the amalgamation of two wholly-owned Canadian step-down subsidiaries (2323532 Ontario Inc. and 2504584 Ontario Inc.) into The Hi-Tech Gears Canada Inc. effective June 2023, ongoing NCLAT proceedings and orders through 2025 related to corporate restructuring, board approvals for promoter group reclassification to public category in 2025, multiple postal ballots and voting outcomes on key matters in 2025, appointment of new directors and senior management including Vishal Seth and resignations such as Ajay Mrig and Sameer Gupta, revision of credit ratings in May 2025, and ESOP grants and allotments in early 2025 alongside quarterly earnings presentations reflecting consolidated revenue of INR 6,696.12 million for FY 2024-25.