Hitech Corporation (HITECHCORP) had a P/E of 40.2× on 6 Nov 2026, above the industry P/E of 18.1×. Sales grew 4.7% a year over 3 years while net profit fell 19%, with ROCE of 11% and ROE of 5.5%. Debt is 0.48× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹706 Cr, ranked 16th of 83 Packaging & Containers companies by market cap; the shares rose 115% over the past year.
- ₹412.00
- ₹413.00
- ₹411.05
- ₹412.00
- 1.4K
Health check
- ReturnsAhead
+115.4% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 40.2 vs industry 18.1.
- GrowthSlow
Sales +4.7%, profit −18.8% a year over 3 years.
- ProfitabilityWeak
ROCE 10.6% vs peer median 16.7%.
- Balance sheetFair
Debt 0.48× equity, interest covered 2.0×, Piotroski 8 of 9.
- Red flags2 to check
Return on equity is low at 5.5%.
Small cap
Defensive
Key metrics
- Market cap
- ₹706 Cr
- Small cap
- P/E
- 40.2
- Industry 18.1
- Price to book
- 2.48
- Peers 2.06
- Dividend yield
- 0.24%
- ROE
- 5.5%
- Peers 14.4%
- ROCE
- 10.6%
- Peers 16.7%
- Debt to equity
- 0.48
- Debt ₹137 Cr
- EPS (TTM)
- ₹10.22
- Face value ₹10
- OPM (TTM)
- 11.0%
- Net margin 2.5%
- Sales growth
- +36.8%
- Latest quarter vs a year ago
- Profit growth
- +49.7%
- Latest quarter vs a year ago
- Price to sales
- 1.01
- EV/EBITDA 10.7
Strengths and risks
Strengths
- Quarterly profit up 49.7% on a year ago.
- Quarterly sales up 36.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.5%.
- P/E of 40.2 against an industry P/E of 18.1.
About Hitech Corporation
Hitech Corporation Limited engages in rigid plastic packaging solution business in India. The company offers bottles, cans, caps and closures, custom enhancement, drums, jars, and pails for paints and coatings, lubricants, agrochemicals, food and beverages, pharmaceuticals, nutraceuticals, personal and home care, specialty chemicals and industrial applications. The company was formerly known as Hitech Plast Limited and changed its name to Hitech…
- Headquarters
- Mumbai
- Employees
- 633
- Sector
- Consumer Cyclical
- ISIN
- INE120D01012
- Website
- hitechcorporation.co
Price range
- Avg volume (3M)
- 16.3K
- 1-year return
- plus 115.4%
- From 52-week high
- minus 3.1%
Peers · Packaging & Containers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMETECHNOTime Technoplast | 170.65 | minus 1.98% | 8,424 | 15.9 | 2.06 | 15.3% | 13.4% | 10.3% | 12.5% | 28.9% | 0.86% | minus 17.5% |
| EPLEPL | 221.31 | minus 3.61% | 7,101 | 18.1 | 2.26 | 16.7% | 14.9% | 19.8% | 8.5% | 19.7% | 2.26% | plus 13.4% |
| AGIAGI Greenpac | 645.55 | minus 3.31% | 4,177 | 11.8 | 1.65 | 18.2% | 14.9% | 22.0% | 5.5% | 10.4% | 1.08% | minus 18.3% |
| UFLEXUFLEX | 575.30 | minus 2.13% | 4,154 | 6.1 | 0.51 | 7.5% | 4.1% | 14.0% | 1.4% | −12.9% | 0.52% | plus 9.1% |
| TCPLPACKTCPL Packaging | 4,431.10 | minus 2.80% | 4,024 | 34.9 | 5.61 | 18.3% | 14.4% | 12.8% | 7.3% | −4.2% | 0.55% | plus 37.9% |
| JINDALPOLYJindal Poly Films | 697.50 | minus 0.11% | 3,054 | – | 1.00 | −18.2% | −29.9% | −36.5% | −15.6% | – | 0.00% | plus 25.0% |
| KNACKKnack Packaging | 199.71 | plus 1.42% | 2,444 | 21.6 | 3.34 | 38.3% | 35.5% | 17.8% | 16.6% | 67.1% | 0.00% | plus 9.1% |
| HITECHCORPHitech Corporation | 411.15 | minus 0.21% | 706 | 40.2 | 2.48 | 10.6% | 5.5% | 11.0% | 4.7% | −18.8% | 0.24% | plus 115.4% |
| Median of 7 peers | – | −2.13% | 4,154 | 17.0 | 2.06 | 16.7% | 14.4% | 14.0% | 7.3% | 15.0% | 0.55% | 9.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 165 | 164 | 145 | 166 | 226 | |
| 144 | 144 | 132 | 145 | 203 | |
| 20.5 | 19.9 | 12.8 | 21.4 | 23 | |
| 12.4% | 12.1% | 8.8% | 12.9% | 10.2% | |
| 0.4 | 0.5 | 0.5 | 2.9 | 1.3 | |
| 4.6 | 4.8 | 4.6 | 4.7 | 5 | |
| 9.8 | 9.9 | 10 | 10 | 10 | |
| – | – | −2 | 0.6 | – | |
| 6.5 | 5.7 | −3.3 | 10.2 | 9.3 | |
| 27.4% | 26.4% | 20.9% | 13.2% | 23.4% | |
| 4.7 | 4.2 | −2.6 | 8.9 | 7.1 | |
| 2.76 | 2.43 | -1.52 | 5.17 | 4.14 |
Profit & loss
- Sales CAGR 3Y
- +4.7%
- Profit CAGR 3Y
- −18.8%
- EPS CAGR 3Y
- −18.8%
- ROE
- 5.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 557 | 560 | 560 | 638 | |
| – | +0.6% | minus 0.0% | +14.1% | |
| 481 | 488 | 497 | 562 | |
| 76 | 72.1 | 62.7 | 76 | |
| 13.7% | 12.9% | 11.2% | 11.9% | |
| 0.5 | 0.3 | 0.6 | 2.8 | |
| 13.8 | 14.3 | 16.1 | 18.6 | |
| 28.6 | 29.7 | 36.5 | 39.7 | |
| 3.2 | 1.6 | 1.2 | −1.3 | |
| 37.4 | 30 | 11.8 | 19.1 | |
| 24.2% | 26.7% | 24.4% | 20.6% | |
| 28.3 | 22 | 8.9 | 15.2 | |
| – | minus 22.3% | minus 59.4% | +70.0% | |
| 16.49 | 12.81 | 5.20 | 8.84 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.2 | 17.2 | 17.2 | 17.2 | |
| 226 | 246 | 254 | 267 | |
| 63 | 80.4 | 117 | 137 | |
| 34.2 | 45.4 | 62.4 | 66.9 | |
| 340 | 389 | 450 | 489 | |
| 231 | 271 | 295 | 291 | |
| 10.3 | 21.4 | 15 | 14.5 | |
| 0.2 | 1.3 | 3.4 | 3.3 | |
| 2.4 | 0.7 | 2.3 | 7.9 | |
| 96.2 | 94.8 | 135 | 172 | |
| 340 | 389 | 450 | 489 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 69.3 | 54.6 | 48.1 | 43.8 | |
| −15.9 | −48.2 | −62 | −47.4 | |
| −51.8 | −8.1 | 14.2 | 6.6 | |
| 1.6 | −1.7 | 0.3 | 3 | |
| −18.7 | −51.3 | −53.1 | −36.9 | |
| 50.7 | 3.2 | −5 | 6.9 | |
| −1.8 | −1.7 | −1.7 | −1.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
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