The Hi-Tech Gears Ltd P/E Ratio

The P/E Ratio of The Hi-Tech Gears Ltd is 46.8 as of 26 Jul 9.00 AM .a1#The P/E Ratio of The Hi-Tech Gears Ltd changed from 15.5 on March 2019 to 20.5 on March 2023 . This represents a CAGR of 5.75% over 5 years. a1#The Latest Trading Price of The Hi-Tech Gears Ltd is ₹ 927.85 as of 25 Jul 15:30 .a1#The PE Ratio of Auto Ancillaries Industry has changed from 24.5 to 57.4 in 5 years. This represents a CAGR of 18.56%a1# The PE Ratio of Auto Ancillaries industry is 37.9. The PE Ratio of Automobile industry is 18.9. The PE Ratio of Finance industry is 23.0. The PE Ratio of IT - Software industry is 29.1. The PE Ratio of Retail industry is 143.1. The PE Ratio of Textiles industry is 24.3. In 2024a1#The Market Cap of The Hi-Tech Gears Ltd changed from ₹ 552.59 crore on March 2019 to ₹ 474.22 crore on March 2023 . This represents a CAGR of -3.01% over 5 years. a1#The Revenue of The Hi-Tech Gears Ltd changed from ₹ 293.87 crore to ₹ 290.24 crore over 8 quarters. This represents a CAGR of -0.62% a1#The EBITDA of The Hi-Tech Gears Ltd changed from ₹ 33.71 crore to ₹ 44.16 crore over 8 quarters. This represents a CAGR of 14.46% a1#The Net Pr of The Hi-Tech Gears Ltd changed from ₹ 0.37 crore to ₹ 17.83 crore over 8 quarters. This represents a CAGR of 594.18% a1#The Dividend Payout of The Hi-Tech Gears Ltd changed from 18.52 % on March 2019 to 9.32 % on March 2023 . This represents a CAGR of -12.83% over 5 years. a1#

Incorporated in 1986, Hi-Tech Gears Limited (HTGL) manufactures automotive gears and shafts at Bhiwadi, Rajasthan, mainly for Hero Honda Motors (HHML). The Company is an auto component manufacturer (a Tier 1 supplier). Over a period of time, it acquired additional equipments to cater to the requirement of gears and shafts for HHML and other original equipment manufacturers. The Company is engaged in the business of gears and transmission components. HTGL has tied up with Kyushu Musashi, a subsidiary of Honda Motors, Japan, to manufacture closed-die forgings in India. This particular product is a raw material for transmission gears and shafts. These forgings are at present imported by HHML. With the implementation of the forgings project, the company will stand to benefit as in-house forgings manufacture will result in value-added and cost-effective products. The technology thus acquired will be unique which imparts greater strength to forgings and will not be restricted to the automobile sector. This is the first time this technology is being transferred outside the Honda group. Company commenced supply to M/s Cummins world wide. Besides this the company is developing markets in Germany and increasing its business in U.K. Company also confident about the healthy segment of its business due to company's largest customer M/s Hero Honds Motors Ltd. It has plans of diversifying into the software arena with a foray into e-engineering services. The company has formed a small group named Hi-tech Soft which is utilising software from original equipment (OE) customers to undertake projects on assembly, modelling, computer aided machining (CAM), drawing and other engineering services. It plans to strengthen it and then hive it off as a separate entity in the future. This division plans to offer product and process life cycle management projects, intralink implementation, training and consulting services. During the year 2003-04, Hi-Tech Robotic Systemz Inc. was incorporated as a 100% subsidiary of the Company. In 2005, the Company set up Manufacturing plant at Manesar. During 2017-18, the Company incorporated a Wholly Owned Subsidiary Company in US in the name of 'Neo-Tech Auto Systemz Inc.' and subscribed 10,00,000 common shares of CAD $ 0.01 each. Similarly during the year 2018-19, it incorporated a Wholly Owned Subsidiary in Canada in the name of 'Neo-Tech Smart Solutions Inc.' and subscribed 2,50,000 common shares of CAD $ 1 each. As on March 31, 2023, the Company had 9 Wholly-owned Subsidiaries consisting of 3 wholly owned subsidiaries viz., 2545887 Ontario Inc., Neo-Tech Smart Solutions Inc. & Neo-Tech Auto Systemz Inc., and 6 wholly-owned step down subsidiaries viz., 2504584 Ontario Inc., 2323532 Ontario Inc., The Hi-Tech Gears Canada Inc., Teutech Holdings Co., Teutech Leasing Co. and Teutech LLC. However, 2 Wholly-owned Step-Down Subsidiaries i.e., 2323532 Ontario Inc. and 2504584 Ontario Inc. got amalgamated with The Hi-Tech Gears Canada Inc. (Wholly-owned Step down Subsidiary of the Company) w.e.f. June 15, 2023 and both the aforesaid Wholly-owned Step-Down Subsidiaries, viz., 2323532 Ontario Inc. and 2504584 Ontario Inc ceased to exist from June 15, 2023.