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The Hi-Tech Gears Ltd logo

The Hi-Tech Gears Ltd

NSE: HITECHGEAR BSE: 522073

577.70

(0.73%)

Sat, 23 May 2026, 10:39 am

The Hi-Tech Gears Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are well covered by earnings (3.6x coverage).
  • Hi-Tech Gears's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Hi-Tech Gears's dividend is above the markets top 25% of dividend payers in India (3.08%).
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Cons

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

health

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Pros

  • Hi-Tech Gears is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hi-Tech Gears is profitable, therefore cash runway is not a concern.
  • Hi-Tech Gears is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (34%, greater than 20% of total debt).
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Cons

  • Debt is not covered by short term assets, assets are 0.8x debt.
  • Hi-Tech Gears's long term commitments exceed its cash and other short term assets.
  • The level of debt compared to net worth has increased over the past 5 years (22% vs 136.5% today).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
  • Hi-Tech Gears's level of debt (136.5%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The average tenure for the Hi-Tech Gears board of directors is over 10 years, this suggests they are a seasoned and experienced board.
  • Pranav's compensation has been consistent with company performance over the past year, both up more than 20%.
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Cons

  • Pranav's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • Hi-Tech Gears is not covered by any analysts.
    • Hi-Tech Gears has significant price volatility in the past 3 months.

    past

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    Pros

    • Hi-Tech Gears's year on year earnings growth rate has been positive over the past 5 years.
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    Cons

    • Hi-Tech Gears's 1-year earnings growth is negative, it can't be compared to the 5-year average.
    • Hi-Tech Gears used its assets less efficiently than the IN Auto Components industry average last year based on Return on Assets.
    • Hi-Tech Gears's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • Hi-Tech Gears has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • Hi-Tech Gears's 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.

    value

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    Pros

    • Hi-Tech Gears is good value based on assets compared to the IN Auto Components industry average.
    • Hi-Tech Gears is good value based on earnings compared to the IN Auto Components industry average.
    • Hi-Tech Gears is good value based on earnings compared to the India market.
    • BSE:522073 is up 15.1% outperforming the Auto Components industry which returned 13.2% over the past month.
    • BSE:522073 is up 15.1% outperforming the market in India which returned 8% over the past month.
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    Cons

    • Hi-Tech Gears's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • Hi-Tech Gears's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • 522073 underperformed the Auto Components industry which returned -22.4% over the past year.
    • 522073 underperformed the Market in India which returned -14.5% over the past year.

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    Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800