Hitech Corporation Ltd
NSE: HITECHCORP BSE: 526217
Hitech Corporation Ltd (HITECHCORP) is a Diversified company listed on NSE: HITECHCORP | BSE: 526217. With a market cap of ₹236 Cr and ROCE of 6.86%, ROE of 2.61%, it operates in the Indian Diversified sector.
₹138
52W: ₹112 — ₹235
PE 52.8 · Book ₹159 · -13% vs bookMarket Cap₹236 Cr
Stock P/E52.8Price to Earnings
ROCE6.86%Return on Capital
ROE2.61%Return on Equity
Div. Yield0.73%Face Value ₹10
Strengths
- +Stock is trading at 0.85 times its book value
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of 3.62% over past five years.
- −Company has a low return on equity of 7.15% over last 3 years.
- −Contingent liabilities of Rs.85.0 Cr.
- −Dividend payout has been low at 11.8% of profits over last 3 years
Shareholding Pattern
Promoters74.44%
FIIs0%
DIIs0.04%
Public25.5%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.44% | 74.44% | 74.44% | 74.44% | 74.44% | 74.44% | 74.44% | 74.44% |
| FIIs | 0.12% | 0.15%▲0.0 | 0.14%▼0.0 | 0.12%▼0.0 | 0.12% | 0.15%▲0.0 | 0%▼0.1 | 0% |
| DIIs | 0% | 0.04%▲0.0 | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
| Public | 25.44% | 25.37%▼0.1 | 25.36%▼0.0 | 25.38%▲0.0 | 25.38% | 25.36%▼0.0 | 25.51%▲0.2 | 25.5%▼0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 143.49 | 129.3 | 138.63 | 142.62 | 146.51 | 123 | 137.3 | 152.82 | 148.28 | 131.54 |
| Expenses | 125.82 | 115.45 | 118.16 | 126.31 | 129.6 | 109.79 | 123.99 | 134.77 | 132.24 | 120.08 |
| Operating Profit | 17.67 | 13.85 | 20.47 | 16.31 | 16.91 | 13.21 | 13.31 | 18.05 | 16.04 | 11.46 |
| OPM % | 12.31% | 10.71% | 14.77% | 11.44% | 11.54% | 10.74% | 9.69% | 11.81% | 10.82% | 8.71% |
| Net Profit | 5.15 | 2.53 | 6.64 | 4.05 | 2.92 | 1.43 | -0.42 | 3.4 | 1.51 | -3.27 |
| EPS ₹ | 3 | 1.47 | 3.87 | 2.36 | 1.7 | 0.83 | -0.24 | 1.98 | 0.88 | -1.9 |
AI Insights
Revenue Trend
TTM revenue at ₹570Cr, up 3.8% YoY. OPM at 10%.
Debt Position
Borrowings at ₹131Cr. Debt-to-equity ratio: 0.51x. Moderate leverage.
Capex Cycle
CWIP at ₹13Cr (5% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0.04% (+0.04pp change). FIIs: 0% (-0.03pp change). Promoters hold 74.44%.
Margin & Efficiency
ROCE declining from 13% (Mar 2014) to 7% (Mar 2025). Working capital days: -5.
Valuation
PE 52.8x with 6.86% ROCE. Price is -13% above book value of ₹159. Dividend yield: 0.73%.
Recent Announcements
- Board Meeting Intimation for Consideration Of The Financial Results Of The Company For The Quarter And Year Ended 31ST March, 2026. 2d - Board meets on 20 May 2026 to approve FY26 audited results and consider dividend.
- Announcement under Regulation 30 (LODR)-Change in Management 8 May - Hitech appointed new CFO and leaders; COO resigned, independent director changed, effective May 7-22, 2026.
- Board Meeting Outcome for Change In Management 8 May - Hitech appointed CFO and independent director; COO resigned, with two executive elevations effective May 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr
- Closure of Trading Window 27 Mar
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse