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Hi-Tech Gears Limited
(HITECHGEAR)
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Rating:50Neutral
Price Target:
₹491.00
▼(-37.44% Downside)
Action:Reiterated
Date:09/06/26
The score is held in the middle primarily by mixed financial performance: improved balance-sheet leverage and better recent cash flow are positives, but sharp margin compression since 2024 and uneven revenue reduce earnings quality and stability. Technical indicators are weak (below key moving averages with a negative MACD), and valuation is a notable headwind given the high P/E and low dividend yield.
Positive Factors
Lower Leverage
The substantial reduction in leverage strengthens Hi-Tech Gears’ financial flexibility and lowers balance-sheet risk. A more conservative capital structure can support investment in manufacturing capabilities, improve resilience through demand cycles, and leave greater capacity for future operating needs.
Negative Factors
Severe Margin Compression
The sharp decline in net and operating margins materially weakens earnings quality and reduces confidence in near-term profit durability. Even with positive revenue growth, sustained margin pressure would limit internal cash generation, reinvestment capacity, and the benefit of operating scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
The substantial reduction in leverage strengthens Hi-Tech Gears’ financial flexibility and lowers balance-sheet risk. A more conservative capital structure can support investment in manufacturing capabilities, improve resilience through demand cycles, and leave greater capacity for future operating needs.
Read all positive factors
Hi-Tech Gears Limited (HITECHGEAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.23B
Dividend Yield0.81%
Average Volume (3M)280.00
Price to Earnings (P/E)47.6
Beta (1Y)1.27
Revenue Growth5.52%
EPS Growth-38.64%
CountryIN
Employees824
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)10.51
Shares Outstanding18,820,044
10 Day Avg. Volume249
30 Day Avg. Volume280
Financial Highlights & Ratios
PEG Ratio-1.02
Price to Book (P/B)1.97
Price to Sales (P/S)1.13
P/FCF Ratio24.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hi-Tech Gears Limited Business Overview & Revenue Model
Company Description
The Hi-Tech Gears Limited manufactures and sells auto components for automobile manufacturers in India, the United States, and internationally. It offers transmission gears and shafts, driveline components, steering linkage, and power take off com...
Hi-Tech Gears Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.25B | 9.08B | 9.22B | 11.07B | 11.63B | 9.71B |
| Gross Profit | 2.70B | 2.07B | 1.15B | 5.30B | 4.51B | 3.74B |
| EBITDA | 1.08B | 1.15B | 1.48B | 2.37B | 1.41B | 876.47M |
| Net Income | 197.39M | 209.79M | 403.63M | 1.14B | 231.14M | -11.02M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.39B | 8.04B | 9.08B | 9.85B | 10.02B |
| Cash, Cash Equivalents and Short-Term Investments | 351.50M | 351.50M | 406.41M | 530.25M | 697.32M | 862.84M |
| Total Debt | 0.00 | 1.83B | 2.02B | 2.98B | 4.57B | 4.71B |
| Total Liabilities | -5.23B | 3.17B | 3.21B | 4.42B | 6.31B | 6.72B |
| Stockholders Equity | 5.23B | 5.23B | 4.84B | 4.66B | 3.54B | 3.31B |
Cash Flow | ||||||
| Free Cash Flow | 99.63M | 414.42M | 1.25B | 834.45M | 245.90M | -45.46M |
| Operating Cash Flow | 222.18M | 736.40M | 1.49B | 1.17B | 541.45M | 556.09M |
| Investing Cash Flow | -89.57M | -365.10M | -11.84M | 1.43B | -407.15M | -564.28M |
| Financing Cash Flow | -166.62M | -422.35M | -1.50B | -2.80B | -408.90M | 105.21M |
Hi-Tech Gears Limited Technical Analysis
Negative
784.90
Price Trends
553.97
Negative
576.00
Negative
600.93
Negative
Market Momentum
-19.40
Positive
31.41
Neutral
27.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HITECHGEAR, the sentiment is Negative. The current price of 784.9 is above the 20-day moving average (MA) of 538.22, above the 50-day MA of 553.97, and above the 200-day MA of 600.93, indicating a bearish trend. The MACD of -19.40 indicates Positive momentum. The RSI at 31.41 is Neutral, neither overbought nor oversold. The STOCH value of 27.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HITECHGEAR.
Hi-Tech Gears Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹43.41B | 29.44 | ― | 2.74% | 14.37% | 70.31% | |
69 Neutral | ₹16.07B | 32.22 | ― | 0.11% | 28.21% | 65.76% | |
65 Neutral | ₹53.35B | 16.66 | ― | 1.31% | 20.77% | 4.95% | |
59 Neutral | ₹22.95B | 15.83 | ― | 0.56% | 23.06% | 38.22% | |
56 Neutral | ₹1.47B | 9.95 | ― | 1.04% | 24.00% | 125.67% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹9.23B | 47.57 | ― | 0.81% | 5.52% | -38.64% |
* General Sector Average
IN:HITECHGEAR
Hi-Tech Gears Limited
490.50
-313.16
-38.97%
IN:BHARATGEAR
Bharat Gears Limited
96.00
-21.67
-18.42%
IN:GNA
GNA Axles Ltd
534.60
215.79
67.68%
IN:LGBBROSLTD
L.G. Balakrishnan & Bros Ltd.
1,672.75
83.28
5.24%
IN:NRBBEARING
NRB Bearings Ltd.
447.85
171.80
62.23%
IN:RACLGEAR
RACL Geartech Ltd
1,363.65
264.89
24.11%
Hi-Tech Gears Limited Corporate Events
NCLAT Extends Stay on Hi-Tech Gears Insolvency Proceedings
Oct 13, 2026
Hi-Tech Gears Limited, a listed manufacturer of automotive and industrial gear components with plants in Rajasthan and Haryana and subsidiaries in Canada and the U.S., maintains a global supply footprint serving original equipment manufacturers an...
Hi-Tech Gears Sets 40th AGM, Details E-Voting and Dividend Cut-Off
Aug 22, 2026
Hi-Tech Gears Limited has announced details of its 40th Annual General Meeting, scheduled for September 22, 2026, at its registered office in IMT Manesar, Gurugram, with the option for shareholders to attend via video conferencing or other audiovi...
Hi-Tech Gears’ Insolvency Case Remains Under NCLAT Stay as Hearing Deferred
Aug 20, 2026
The Hi-Tech Gears Limited has notified stock exchanges that the corporate insolvency resolution process against the company remains under an interim stay by the National Company Law Appellate Tribunal. The tribunal, citing lack of time, has adjour...
Hi-Tech Gears releases Q1 FY27 earnings presentation
Aug 8, 2026
Hi-Tech Gears Limited has notified the Indian stock exchanges that it has released its earnings presentation for the first quarter of financial year 2026-27, covering the period ended June 30, 2026. The disclosure, made under Regulation 30 of the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.