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Hitech Corporation Ltd dividend

Hitech Corporation Ltd dividend

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₹ 0.3 Cr

Volume transacted

stocks purchased

13.3 K

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Last Updated time: 14 Jul 12:35 PM

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Hitech Corporation Ltd

NSE: HITECHCORP

DPS

1

Last updated : FY 2024

Key Highlights

    The Dividend per Share of Hitech Corporation Ltd is ₹ 1 as of 2024 .a1#The Dividend Payout of Hitech Corporation Ltd changed from 9.43 % on March 2019 to 7.81 % on March 2024 . This represents a CAGR of -3.09% over 6 years. a1#The Latest Trading Price of Hitech Corporation Ltd is ₹ 254.05 as of 12 Jul 15:30 .a1#The Market Cap of Hitech Corporation Ltd changed from ₹ 183.78 crore on March 2019 to ₹ 339.65 crore on March 2024 . This represents a CAGR of 10.78% over 6 years. a1#The Revenue of Hitech Corporation Ltd changed from ₹ 148.56 crore to ₹ 139.13 crore over 8 quarters. This represents a CAGR of -3.23% a1#The EBITDA of Hitech Corporation Ltd changed from ₹ 19.19 crore to ₹ 20.97 crore over 8 quarters. This represents a CAGR of 4.54% a1#The Net Pr of Hitech Corporation Ltd changed from ₹ 6.34 crore to ₹ 6.64 crore over 8 quarters. This represents a CAGR of 2.34% a1#

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Company Fundamentals For Hitech Corporation Ltd

Market Cap

436 Cr

EPS

12.6

P/E Ratio (TTM) *

20.1

P/B Ratio (TTM) *

1.7

DTE *

0.3

ROE *

8.4

ROCE *

12.9

Dividend Yield *

0.51

DPS *

1

Dividend Payout *

7.81

Ann.Dividend % *

10

* All values are consolidated

Last Updated time: 14 Jul 12:35 PM

* All values are consolidated

Last Updated time: 14 Jul 12:35 PM

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Historical Dividend Payout of Hitech Corporation Ltd

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Historical Dividend Payout of Hitech Corporation Ltd

Period
Mar '199
Mar '200
Mar '2110
Mar '225
Mar '236
Mar '248

* All values are a in %

Dividend per Share (DPS) Over Time

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DIVIDENDYIELD

Dividend Yield is a financial ratio that shows the annual dividend income relative to the market price of a share. It is calculated by dividing the dividend per share by the current market price per share, expressed as a percentage.

Dividend Yield Comparison With Top Peers

1M

1Y

3Y

5Y

* All values are in %

Net Profit Vs Dividend Per Share

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Hitech Corporation Ltd

NSE: HITECHCORP

PRICE

254.05

15.25 (6.39%)

stock direction

Last updated : 12 Jul 15:30

SWOT Analysis Of Hitech Corporation Ltd

Strength

0

S

Weakness

0

W

Opportunity

0

O

Threats

1

T

Overview of Dividend

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


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Historical Market Cap of Hitech Corporation Ltd

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Historical Market Cap of Hitech Corporation Ltd

Period
Mar '19184
Mar '2082
Mar '21213
Mar '22391
Mar '23268
Mar '24340

* All values are a in crore

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Historical Revenue of Hitech Corporation Ltd

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Historical Revenue of Hitech Corporation Ltd

Period
Jun '22149
Sep '22161
Dec '22121
Mar '23133
Jun '23151
Sep '23144
Dec '23130
Mar '24139

* All values are a in crore

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Historical EBITDA of Hitech Corporation Ltd

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

Historical EBITDA of Hitech Corporation Ltd

Period
Jun '2219
Sep '2225
Dec '2214
Mar '2321
Jun '2321
Sep '2318
Dec '2315
Mar '2421

* All values are a in crore

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Historical Net Profit of Hitech Corporation Ltd

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Historical Net Profit of Hitech Corporation Ltd

Period
Jun '226
Sep '2210
Dec '223
Mar '239
Jun '238
Sep '235
Dec '233
Mar '247

* All values are a in crore

About Hitech Corporation Ltd

About Hitech Corporation Ltd

    Hitech Corporation Ltd (Formerly known as Hi-Tech Plast Limited), incorporated in October, 1991, is a leading manufacturer of rigid plastic packaging solutions for a variety of customer segments from industries such as paints and coatings, agrochemicals, personal care, home care, pharmaceuticals, food & beverage and oils & lubricants. Presently, the Company is engaged in the manufacturing of rigid plastic containers specially catering to customers relating to Paints, Lube agro chemical, FMCG, personal and health care and home care product as well as export market. As at March 31, 2023, Geetanjali Trading & Investments Private Limited, the holding company owned 69.11% of the Company's equity share capital. The new manufacturing unit at Masat, Silvassa, Dadra & Nagar Havelli commenced its commercial production in April 2003. Plastic & Precision Machinefabrik Limited (PPMF) was amalgamated with the Company effective from 1st April 2003, through the Scheme of Amalgamation. Similarly, the Company's wholly owned subsidiary Multitech Plast Containers Limited was amalgamated with the Company, with effect from 1st April 2005. During year 2004-05, the Company purchased the remaining equity shares of Multitech Plast Containers Limited and Clear Plastics Limited, thereby making them the wholly owned subsidiaries of the Company. The new manufacturing unit in Rohtak, Haryana commenced its commercial production in April 2010. After commissioning of manufacturing unit in Rohtak, the Company expanded installed capacities in the year 2011-12. All these expansions started commercial production costing Rs 14 Crores. Further, it started commercial production at new Khandala Unit in Satara District of Maharashtra on 30th March, 2013. During the year 2014-15, through the Scheme of Amalgamation, Clear Mipak Packaging Solutions Limited (CMPSL), a subsidiary of the Company was merged into the Company, which came into effect from 1st April, 2014 and accordingly, CMPSL ceased to be the subsidiary of the Company. The Rebuilding of factory operation at Rohtak resumed in March, 2017. The Company set up a a facility for manufacturing rigid plastic containers at Mysuru, Karnataka and commenced commercial production at the said plant from end of September, 2018. Similarly, during the year 2018-19, it commenced construction work at Vizag for manufacturing rigid plastic containers and commenced commercial production in the month of August, 2019. As a part of its consolidation initiative, the manufacturing facility of the Company situated at Galonda (Dadra & Nagar Haveli) was shifted and merged with the unit situated at Naroli (Dadra & Nagar Haveli) by transfer of Plant and Machinery and other accessories with effect from October 1, 2018. Similarly, Technology Centre at Chinchwad, Pune was shifted to a separate unit situated within the plant premises at Sanaswadi. The manufacturing operations of the Company's unit situated at Baddi, Himachal Pradesh resumed operations to normalcy in the month of October, 2019.

Hitech Corporation Ltd News Hub

News

Hitech Corp. to conduct AGM

Hitech Corp. announced that the 33th Annual General Meeting (AGM) of the company will be h...

Read more

29 Jun 202417:30

News

Board of Hitech Corp. recommends final dividend

Hitech Corp. announced that the Board of Directors of the Company at its meeting held on 1...

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17 May 202409:41

News

Hitech Corp. schedules board meeting

Hitech Corp. will hold a meeting of the Board of Directors of the Company on 16 May 2024 P...

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10 May 202416:05

News

Hitech Corporation incorporates wholly owned subsidiary in USA

Hitech Corporation has incorporated a wholly owned subsidiary in USA on 17 April 2024 with...

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18 Apr 202416:39

News

Hitech Corp. to convene board meeting

Hitech Corp. will hold a meeting of the Board of Directors of the Company on 7 February 20...

Read more

01 Feb 202410:58

News

Hitech Corp. to table results

Hitech Corp. will hold a meeting of the Board of Directors of the Company on 7 November 20...

Read more

02 Nov 202312:30

FAQs for dividends of Hitech Corporation Ltd

What is the current market price of Hitech Corporation Ltd Ltd as of July 14, 2024?

The current market price of Hitech Corporation Ltd Ltd stands at 254.1 per share.

What dividend did Hitech Corporation Ltd declare in the last fiscal year?

In the last fiscal year, Hitech Corporation Ltd declared a dividend totaling ₹1.0.

What is the most recent dividend declared by Hitech Corporation Ltd?

Hitech Corporation Ltd recently declared a dividend of 0.0 in the latest quarter

How many times has Hitech Corporation Ltd declared dividends in the current fiscal year

Hitech Corporation Ltd has declared dividends 4 times totaling ₹0 in the current fiscal year (FY2023-2024).

How many times did Hitech Corporation Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2022-2023), Hitech Corporation Ltd declared dividends 4 times totaling ₹0.
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