Hitech Corporation Ltd
NSE: HITECHCORP · Packaging · sector
₹411.20NSE close 2026-10-26
Key numbers
Market cap₹706 cr
Price₹411.20
52w high / low₹424 / ₹112
P/E40.2xSector median 16.2x
P/B2.5xSector median 1.4x
Book value₹165.7
Dividend yield0.25%Sector median 0.58%
ROE6.3%Sector median 9.8%
ROCE9.8%Sector median 11.6%
OPM10.8%Sector median 9.2%
Debt / equity0.47xSector median 0.39x
EV/EBITDA11.0xSector median 7.7x
Interest cover2.1x
Current ratio1.25x
Sales growth 3y+4.7%Sector median +4.7%
Profit growth 3y-18.8%Sector median +0.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 63 companies in Packaging (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹8 cr vs borrowings ₹132 cr (FY26): borrowings are higher by ₹124 cr.
- Borrowings rose in each of the last 3 years (₹61 cr → ₹132 cr).
- Operating profit covered interest 2.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 30% of net profit in the last 12 months.
- Debtor days went from 28 (FY24) to 41 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹411.20 on 2026-10-26: -3.1% from the 52-week high, +267.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹413.75 · low ₹118.55
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 147 | 123 | 149 | 165 | 164 | 145 | 166 | 226 |
| EBITDA | 17 | 13 | 14 | 20 | 20 | 11 | 22 | 23 |
| OPM % | 11.4% | 10.6% | 9.5% | 12.4% | 12.1% | 7.4% | 13.3% | 10.2% |
| Other income | 0 | 1 | 1 | 0 | 0 | 0 | 3 | 1 |
| Net profit | 3 | 1 | 1 | 5 | 4 | -3 | 9 | 7 |
| EPS (₹) | 1.62 | 0.73 | 0.59 | 2.76 | 2.43 | -1.52 | 5.17 | 4.14 |
| Revenue YoY | +12.2% | +18.0% | +11.2% | +36.9% | ||||
| Profit YoY | +50.0% | -307.9% | +780.2% | +49.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 588 | 559 | 562 | 561 | 640 | 701 |
| EBITDA | 96 | 78 | 72 | 61 | 73 | 76 |
| Net profit | 37 | 28 | 22 | 9 | 15 | 18 |
| EPS (₹) | 21.77 | 16.49 | 12.81 | 5.20 | 8.84 | 10.22 |
| Revenue growth | -5.1% | +0.6% | -0.1% | +14.1% | +20.1% | |
| Profit growth | -24.3% | -22.3% | -59.4% | +69.9% | +79.1% | |
| Dividend / share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.7% | +7.5% | +20.1% |
| Net profit | -18.8% | -2.2% | +79.1% |
| EPS | -18.8% | -2.2% | – |
| Share price | – | +20.7% (2y) | +115.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 243 | 263 | 271 | 285 |
| Borrowings | – | 61 | 71 | 110 | 132 |
| Cash & equivalents | – | 3 | 1 | 2 | 8 |
| Total assets | – | 340 | 389 | 451 | 489 |
| Fixed assets | – | 221 | 250 | 280 | 276 |
| Capital work in progress | – | 6 | 15 | 13 | 12 |
| Investments | – | 0 | 1 | 1 | 1 |
| Receivables | – | 37 | 42 | 55 | 72 |
| Inventory | – | 37 | 42 | 51 | 72 |
| Payables | – | 17 | 19 | 26 | 34 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 73 | 69 | 55 | 48 | 44 |
| Cash from investing | -6 | -16 | -48 | -62 | -47 |
| Cash from financing | -65 | -54 | -8 | 16 | 7 |
| Capex | 19 | 19 | 51 | 53 | 37 |
| Free cash flow | 54 | 51 | 3 | -5 | 7 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.6% | 8.4% | 3.3% | 5.3% |
| ROCE % | – | 16.8% | 13.2% | 7.4% | 9.1% |
| Debtor days | – | 24 | 28 | 35 | 41 |
| Inventory days | – | 39 | 45 | 55 | 68 |
| Payable days | – | 18 | 21 | 27 | 33 |
| Cash conversion cycle (days) | – | 45 | 52 | 63 | 76 |
| Working capital days | – | 9 | 7 | -1 | 19 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.43% |
| DIIs | 0.04% |
| Government | 0.02% |
| Public (non-institutions) | 25.51% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.43% | 74.43% | 74.43% | 74.43% | 74.43% | 74.43% | 74.43% | 74.43% |
| Promoter group | % |
|---|---|
| Geetanjali Trading And Investments Private Limited | 69.11% |
| Ina Ashwin Dani | 1.70% |
| Hiren Holdings Private Limited | 1.52% |
| Shubhit Holdings Private Limited | 1.03% |
| Malav A Dani | 0.31% |
| Jalaj A Dani | 0.24% |
| Vita Jalaj Dani | 0.19% |
| Hasit Ashwin Dani | 0.17% |
| Ashwin Ramanlal Gandhi | 0.09% |
| Hiren Ashwin Gandhi | 0.04% |
| Satyen Ashwin Gandhi | 0.03% |
| Shublakshmi Hasit Dani | 0.00% |
| Ashwin Suryakant Dani HUF (Ina Ashwin Dani) | 0.00% |
| Hasit Ashwin Dani HUF (Hasit Ashwin Dani) | 0.00% |
| Mudit Jalaj Dani | 0.00% |
| Public holders above 1% | % |
|---|---|
| Rajen Anil Shah | 1.76% |
6,864 shareholders. Pledged: 0.00% of promoter shares.
Peers in Packaging
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| EPL | ₹7,100 cr | 18.3x | 2.5x | 14.9% | 17.0% | 19.3% | +8.8% | 2.25% |
| AGI | ₹4,590 cr | 12.7x | 1.9x | 16.1% | 19.6% | 22.5% | +5.3% | 0.98% |
| UFLEX | ₹4,111 cr | 6.0x | 0.5x | 8.8% | 8.9% | 13.5% | +1.6% | 0.53% |
| TCPLPACK | ₹3,649 cr | 31.6x | 5.1x | 16.9% | 17.8% | 15.3% | +7.9% | 0.75% |
| JINDALPOLY | ₹2,976 cr | – | 1.0x | -27.6% | -17.5% | -78.1% | -14.4% | 0.87% |
| POLYPLEX | ₹2,943 cr | 18.9x | 0.7x | 3.9% | 6.9% | 7.8% | -2.5% | 1.55% |
| XPROINDIA | ₹2,278 cr | 69.0x | 3.0x | 4.8% | 5.2% | 9.3% | -0.4% | 0.20% |
| KNACK | ₹2,038 cr | – | – | – | – | – | – | – |
| MOLDTKPAC | ₹1,928 cr | 25.3x | 2.8x | 11.4% | 13.4% | 19.1% | +6.7% | 0.69% |
| HITECHCORP | ₹706 cr | 40.2x | 2.5x | 6.3% | 9.8% | 10.8% | +4.7% | 0.25% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-04 | Dividend | Dividend - Re 1 Per Share |
| 2025-07-18 | Dividend | Dividend - Re 1 Per Share |
| 2024-07-19 | Dividend | Dividend - Re 1 Per Share |
| 2023-06-30 | Dividend | Dividend - Re 1 Per Share |
| 2022-07-07 | Dividend | Dividend - Re 1 Per Share |
| 2021-07-20 | Dividend | Dividend - Re 1 Per Share |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-09-20 | Dividend | Annual General Meeting/Dividend - Rs 0.90 Per Share |
| 2018-07-06 | Dividend | Annual General Meeting / Dividend- Re 0.90 Per Share |
| 2017-07-25 | Dividend | Annual General Meeting/ Dividend Re 0.90 Per Share |
| 2016-09-14 | Dividend | Annual General Meeting / Dividend - Re 0.90/- Per Share |
| 2015-12-21 | Dividend | Annual General Meeting/ Dividend - Re 0.90/- Per Share |
| 2014-09-04 | Dividend | Annual General Meeting / Dividend - Re 0.90/- Per Share |
| 2013-08-30 | Dividend | Annual General Meeting And Dividend Rs.1.60 Per Share |
| 2012-07-31 | Dividend | Annual General Meeting/ Dividend Rs. 1.60/- Per Equity Share |
| 2011-07-20 | Dividend | Annual General Meeting And Dividend Rs.1.60 Per Share |
| 2010-08-25 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2009-09-16 | Other | Agm/Div-Rs.1.10 Per Share |
| 2008-09-10 | Other | Agm/Div-Re.1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Packaging |
| Sub-industry | Packaging |
| Symbol | HITECHCORP |
| BSE code | 526217 |
| ISIN | INE120D01012 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.