Hitech Corporation Limited
NSE: HITECHCORPPackagingTrade-to-trade true
Share price
₹350.80
+0.07% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
64
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹596 Cr
P/E ratio
31.4
P/B ratio
2.1
ROCE
9.7%
ROE
5.8%
Dividend yield
0.3%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 20.1% over the past year, and 17.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 11.3% to 11% over the last year.
Whether it grew faster than its sector
It grew 17.7% a year against a sector median of 10.6% — 7.1 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
It has no steady three-year profit record yet, so growth cannot be weighed against the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Hitech Corporation Limited — this one | — | 31.4× | — |
| EPL Limited | 22%/yr | 18.1× | ₹0.82 |
| AGI Greenpac Limited | — | 13.9× | — |
| UFLEX Limited | -17%/yr | 6.4× | — |
| TCPL Packaging Limited | 3%/yr | 28.8× | ₹9.6 |
| Polyplex Corporation Limited | -60%/yr | 20.5× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Packaging), it ranks 20 of 36 on returns, 4 of 35 on growth, 14 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 9.7% on capital, ahead of 44% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹213 crore of cash from the business, spent ₹153 crore on plant and equipment, and returned ₹37 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 11 years, about 271 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being waiting 4 days for its cash to waiting 14 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 9 checks clear · 89%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 14 Aug 2026 · Consolidated · Audited
Revenue
₹226 Cr
Net profit
₹7 Cr
EPS
₹4.14
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹596 Cr
- Prev close
- ₹350.80
- 52w High
- ₹354
- 52w Low
- ₹112
- Enterprise value
- ₹725 Cr
- Beta
- 1.1
- Price CAGR 1y
- 85.0%
- Price CAGR 3y
- 15.0%
- Price CAGR 5y
- 9.0%
- Price CAGR 10y
- 6.0%
Ratios
- Return on assets
- 3.1%
- PEG ratio
- —
- P/E ratio
- 31.4
- P/B ratio
- 2.1
- EV / EBITDA
- 9.4
- Industry P/E
- 17.4
- ROCE
- 9.7%
- ROCE 5y average
- 12.8%
- ROE
- 5.8%
- Debt / Equity
- 0.5
- Interest coverage
- 2.0
- Dividend yield
- 0.3%
- ROE 3y average
- —
- ROE last year
- 6.0%
Annual P&L
- Annual revenue
- ₹640 Cr
- Annual profit
- ₹15 Cr
- Operating margin
- 12.0%
- Net profit margin
- 2.3%
- EBITDA margin
- 11.7%
- Sales growth 3y
- 13.4%
- Sales growth 5y
- 13.2%
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹8.8
- Sales growth TTM
- 20.0%
- Profit growth TTM
- 77.0%
- Dividend payout
- 11.0%
Quarter P&L
- Sales latest quarter
- ₹226 Cr
- Profit latest quarter
- ₹7 Cr
- YoY quarterly sales growth
- 36.9%
- YoY quarterly profit growth
- 49.7%
- OPM latest quarter
- 10.2%
Balance Sheet
- Book Value
- ₹167
- Face Value
- ₹10.0
- Total debt
- ₹137 Cr
- Total cash
- ₹8 Cr
- Borrowings
- ₹137 Cr
- Reserves / Equity
- 15.7
Cash Flow
- Operating cash flow
- ₹44 Cr
- Free cash flow
- ₹8 Cr
- FCF yield
- -1.9%
- Net cash flow
- ₹3 Cr
Shareholding
- Promoter holding
- 74.4%
- FII holding
- 0.0%
- DII holding
- 0.1%
- Public holding
- 25.4%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| EPL Ltd | 237.03 | 18.5 | 7,604 | 1.05 | 100.6 | -1.4 | 1,387.9 | 25.3 | 17.8 |
| AGI Greenpac | 787.50 | 13.8 | 5,095 | 0.89 | 99.6 | 12.1 | 785.3 | 14.2 | 19.5 |
| Uflex | 643.15 | 6.7 | 4,644 | 0.47 | 423.1 | 629.6 | 5,366.0 | 37.6 | 7.0 |
| TCPL Packaging | 4,031.50 | 30.4 | 3,669 | 0.62 | 37.6 | 65.5 | 474.0 | 15.8 | 17.9 |
| Polyplex Corpn | 1,023.30 | 20.7 | 3,212 | 0.29 | 171.1 | 571.4 | 2,253.6 | 29.6 | 0.9 |
| Jindal Poly Film | 653.25 | 48.9 | 2,860 | 0.00 | 107.2 | 39.1 | 695.8 | -23.8 | -2.0 |
| XPRO India | 1,130.00 | 81.2 | 2,652 | 0.18 | 7.6 | 244.9 | 174.4 | 20.4 | 3.8 |
| Hitech Corp. | 349.10 | 31.6 | 600 | 0.29 | 7.1 | 49.7 | 225.7 | 36.9 | 9.7 |
| Median | 174.03 | 20.4 | 499 | 0.23 | 8.7 | 42.9 | 138.7 | 22.5 | 12.7 |
Competes with: AGI Greenpac Limited, EPL Limited, Jindal Poly Films Limited, Knack Packaging Limited, Manika Plastech Limited, Polyplex Corporation Limited, TCPL Packaging Limited, UFLEX Limited, Xpro India Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 116 | 96 | 103 | 108 | 143 | 147 | 123 | 149 | 165 | 164 | 145 | 166 | 226 |
| Expenses | 105 | 90 | 92 | 95 | 126 | 130 | 110 | 134 | 144 | 144 | 132 | 145 | 203 |
| Material Cost | 92 | 101 | 99 | 89 | 97 | 151 | |||||||
| Change in Inventories | -0.66 | -0.79 | -1.35 | -1.55 | 0.33 | -5.61 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 12 | 12 | 12 | 14 | 13 | 17 | |||||||
| Other Expenses | 31 | 32 | 34 | 31 | 34 | 40 | |||||||
| Operating Profit | 11 | 5.89 | 11 | 13 | 16 | 17 | 13 | 16 | 20 | 20 | 13 | 21 | 23 |
| OPM % | 9.36 | 6.15 | 11 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 8.81 | 13 | 10 |
| Other Income | 0.21 | 0.43 | 0.35 | 0.17 | 1.67 | 0.36 | 0.97 | -0.29 | 0.41 | 0.48 | -1.53 | 3.56 | 1.33 |
| Exceptional items (within Other Income) | -1.55 | 0 | 0 | -2.00 | 0.65 | 0 | |||||||
| Interest | 4.36 | 2.74 | 3.09 | 2.96 | 3.95 | 4.10 | 3.90 | 4.20 | 4.59 | 4.82 | 4.57 | 4.66 | 5.02 |
| Depreciation | 3.76 | 4.81 | 4.01 | 3.88 | 8.68 | 9.09 | 9.06 | 9.63 | 9.76 | 9.93 | 10 | 10 | 10 |
| Profit before tax | 2.92 | -1.23 | 4.29 | 6.56 | 5.19 | 3.94 | 1.05 | 1.65 | 6.54 | 5.66 | -3.31 | 10 | 9.28 |
| Tax % | 24 | -87 | 29 | 20 | 25 | 30 | -19 | 38 | 27 | 27 | -21 | 13 | 23 |
| Net Profit | 2.20 | -0.17 | 3.03 | 5.24 | 3.89 | 2.78 | 1.26 | 1.01 | 4.75 | 4.17 | -2.62 | 8.89 | 7.11 |
| EPS in Rs | 1.54 | 0.11 | 2.11 | 3.24 | 2.26 | 1.62 | 0.73 | 0.59 | 2.77 | 2.43 | -1.53 | 5.18 | 4.14 |
| Diluted EPS in Rs | 0.59 | 2.76 | 2.43 | -1.52 | 5.17 | 4.14 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83 | 155 | 179 | 216 | 262 | 345 | 386 | 439 | 460 | 561 | 640 | 701 |
| Expenses | 68 | 133 | 151 | 184 | 223 | 298 | 340 | 393 | 411 | 500 | 566 | 624 |
| Material Cost | 344 | 386 | ||||||||||
| Change in Inventories | -1.11 | -3.35 | ||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | ||||||||||
| Employee Cost | 44 | 52 | ||||||||||
| Other Expenses | 113 | 131 | ||||||||||
| Operating Profit | 15 | 22 | 28 | 32 | 39 | 46 | 45 | 46 | 49 | 62 | 75 | 77 |
| OPM % | 18 | 14 | 16 | 15 | 15 | 13 | 12 | 11 | 11 | 11 | 12 | 11 |
| Other Income | 0 | 2 | 1 | 2 | 2 | 1 | 2 | 2 | 0 | 3 | 3 | 4 |
| Exceptional items (within Other Income) | -0.78 | -1.35 | ||||||||||
| Interest | 3 | 6 | 8 | 10 | 9 | 12 | 18 | 18 | 17 | 16 | 19 | 19 |
| Depreciation | 5 | 9 | 9 | 9 | 9 | 13 | 15 | 17 | 18 | 36 | 40 | 40 |
| Profit before tax | 7 | 10 | 13 | 15 | 24 | 22 | 14 | 13 | 13 | 12 | 19 | 22 |
| Tax % | 31 | 21 | 17 | 27 | 33 | 28 | 25 | 18 | 40 | 24 | 21 | |
| Net Profit | 5 | 8 | 11 | 11 | 16 | 16 | 10 | 10 | 8 | 8.94 | 15 | 18 |
| EPS in Rs | 5.58 | 7.23 | 7.73 | 11 | 11 | 8.08 | 6.86 | 4.82 | 5.21 | 8.84 | 10 | |
| Diluted EPS in Rs | 5.20 | 8.84 | ||||||||||
| Dividend Payout % | 21 | 14 | 14 | 14 | 13 | 15 | 20 | 23 | 19 | 19 | 11 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 23%
- 5 years
- 13%
- 3 years
- 13%
- TTM
- 20%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 77%
Stock price CAGR
- 10 years
- 6%
- 5 years
- 9%
- 3 years
- 15%
- 1 year
- 85%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- —
- Last year
- 6%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 17 | 17 |
| Reserves | 5 | 17 | 24 | 41 | 54 | 66 | 75 | 81 | 86 | 254 | 267 |
| Borrowings | 29 | 49 | 54 | 50 | 70 | 96 | 118 | 105 | 97 | 117 | 137 |
| Other Liabilities | 18 | 17 | 27 | 36 | 52 | 66 | 59 | 65 | 70 | 62 | 67 |
| Minority Interest | 0 | ||||||||||
| Total Liabilities | 63 | 96 | 119 | 139 | 189 | 242 | 265 | 264 | 267 | 450 | 489 |
| Fixed Assets | 28 | 42 | 55 | 65 | 79 | 113 | 127 | 147 | 135 | 295 | 291 |
| CWIP | 1 | 5 | 1 | 6 | 19 | 7 | 6 | 1 | 1 | 13 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Other Assets | 35 | 49 | 63 | 68 | 91 | 122 | 132 | 116 | 130 | 142 | 185 |
| Total Assets | 63 | 96 | 119 | 139 | 189 | 242 | 265 | 264 | 267 | 450 | 489 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14 | 8 | 17 | 29 | 21 | 21 | 33 | 58 | 30 | 48 | 44 |
| Cash from Investing Activity | -10 | -28 | -22 | -17 | -34 | -37 | -33 | -26 | -6 | -61 | -47 |
| Cash from Financing Activity | -4 | 20 | 5 | -11 | 16 | 16 | 3 | -34 | -27 | 14 | 7 |
| Net Cash Flow | -0 | 0 | 0 | 2 | 2 | -0 | 3 | -2 | -3 | 2 | 3 |
| Free Cash Flow | 4 | -9 | -5 | 12 | -14 | -17 | 0 | 31 | 23 | -1.53 | 7.79 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 60 | 66 | 55 | 64 | 61 | 59 | 51 | 58 | 35 | 41 |
| Inventory Days | 85 | 56 | 64 | 53 | 68 | 77 | 61 | 34 | 40 | 55 | 68 |
| Days Payable | 28 | 0 | 24 | 24 | 33 | 32 | 23 | 21 | 24 | 27 | 33 |
| Cash Conversion Cycle | 119 | 116 | 106 | 84 | 99 | 107 | 97 | 64 | 74 | 63 | 77 |
| Working Capital Days | 88 | 85 | 93 | 80 | 85 | 5 | 4 | 9 | 16 | -2 | 14 |
| ROCE % | 23 | 22 | 23 | 23 | 19 | 14 | 13 | 14 | 10 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
129inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Hitech Corporation Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- BOPP
- HDPE (high-density polyethylene)
- LDPE (low-density polyethylene)
- PET (polyethylene terephthalate)
- PP (polypropylene)
- PVC
- polystyrene and other copolymers
- recycled polyolefins (recycled PP / PE)
Depends on the price of
- Crude Oil Brent
Sells to
- Asian Paints · rigid plastic packaging containers, pails and closures for paints and coatings (CONFIRMED:…
- Berger Paints India · rigid plastic packaging for paints and coatings (carried forward from the prior pass and n…
- Britannia Industries · rigid plastic food packaging (carried forward from the prior pass and not re-named in a fe…
- Cipla · rigid plastic pharmaceutical packaging (carried forward from the prior pass and not re-nam…
- Dabur India · rigid plastic packaging for FMCG, personal care and healthcare (carried forward from the p…
- Dhanuka Agritech Limited · rigid plastic agrochemical packaging (carried forward from the prior pass and not re-named…
- Emami Limited · rigid plastic personal care packaging (carried forward from the prior pass and not re-name…
- Glenmark Pharmaceuticals Limited · rigid plastic pharmaceutical packaging (carried forward from the prior pass and not re-nam…
- ITC Limited · rigid plastic FMCG and food packaging (carried forward from the prior pass and not re-name…
- Marico Limited · rigid plastic packaging for FMCG and personal care (carried forward from the prior pass an…
- PI Industries Limited · rigid plastic agrochemical packaging (carried forward from the prior pass and not re-named…
- Pidilite Industries · rigid plastic packaging for adhesives and construction chemicals (carried forward from the…
- Rossari Biotech Limited · rigid plastic chemical and specialty-chemical packaging (carried forward from the prior pa…
- Sumitomo Chemical India Limited · rigid plastic agrochemical packaging (carried forward from the prior pass and not re-named…
- Tata Chemicals Limited · rigid plastic chemical packaging (carried forward from the prior pass and not re-named in…
- Titan Company · rigid plastic packaging (carried forward from the prior pass and not re-named in a fetched…
- UltraTech Cement · rigid plastic packaging for construction chemicals (carried forward from the prior pass an…
- Zydus Lifesciences · rigid plastic pharmaceutical and healthcare packaging (carried forward from the prior pass…
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Packaging
- Classification
- Capital Goods › Packaging
- ISIN
- INE120D01012
Plants
- Baddi manufacturing unit (Unit I & II)
- Dahej manufacturing unit · Dahej, Gujarat
- Khandala manufacturing unit · Khandala, Maharashtra
- Mysuru manufacturing unit · Mysuru, Karnataka
- Naroli manufacturing unit (Unit I & II)
- Pune Technology Centre · Pune, Maharashtra
- Rohtak manufacturing unit · Rohtak, Haryana
- Sanaswadi manufacturing unit · Sanaswadi, Maharashtra
- Sarigam manufacturing unit · Sarigam, Gujarat
- Sriperumbudur manufacturing unit · Sriperumbudur, Tamil Nadu
- Umbergaon manufacturing unit · Umbergaon, Gujarat
- Vizag manufacturing unit · Visakhapatnam, Andhra Pradesh
News impact
Big market events that reach Hitech Corporation Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 4 Sep 2026 | unspecified | ₹1 |
|---|---|---|
| 18 Jul 2025 | unspecified | ₹1 |
| 19 Jul 2024 | unspecified | ₹1 |
| 30 Jun 2023 | unspecified | ₹1 |
| 7 Jul 2022 | unspecified | ₹1 |
| 20 Jul 2021 | unspecified | ₹1 |
| 20 Sep 2019 | unspecified | ₹0.9 |
| 6 Jul 2018 | unspecified | ₹0.9 |
Splits, bonuses & buybacks
- daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-262 Sep 2026
- Annual report · 2024-252 Jul 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.