Hitech Corporation Ltd (IN:HITECHCORP)
:HITECHCORP
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Hitech Corporation Ltd
(HITECHCORP)
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Rating:54Neutral
Price Target:
₹171.00
▲(1.66% Upside)
Action:Reiterated
Date:05/24/26
The score is held back primarily by weakening cash generation and negative free cash flow alongside margin compression, despite a still-moderate balance sheet. Technicals are supportive with a strong uptrend and positive MACD, but overbought signals (RSI/Stoch) add near-term risk. Valuation is less attractive due to a negative P/E and a low dividend yield.
Positive Factors
Diversified end markets
Serving many end markets (paints, F&B, personal care, healthcare, lubes, chemicals) reduces revenue cyclicality and demand concentration. This diversification supports steadier volumes across cycles, enabling the business to offset weakness in any single sector and sustain long-term revenue stability.
Negative Factors
Weakened cash generation / negative FCF
Sharp decline in operating cash flow and sustained negative free cash flow reduces internal funding for capex, working capital and debt reduction. For a manufacturing business, persistent weak cash conversion constrains investment optionality and heightens refinancing and liquidity risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end markets
Serving many end markets (paints, F&B, personal care, healthcare, lubes, chemicals) reduces revenue cyclicality and demand concentration. This diversification supports steadier volumes across cycles, enabling the business to offset weakness in any single sector and sustain long-term revenue stability.
Read all positive factors
Hitech Corporation Ltd (HITECHCORP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.88B
Dividend Yield0.58%
Average Volume (3M)1.68K
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue Growth14.07%
EPS Growth69.88%
CountryIN
Employees655
SectorTechnology
Sector Strength88
IndustryPackaging & Containers
Share Statistics
EPS (TTM)6.51
Shares Outstanding17,175,700
10 Day Avg. Volume1,137
30 Day Avg. Volume1,680
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)0.69
Price to Sales (P/S)0.31
P/FCF Ratio-18.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hitech Corporation Ltd Business Overview & Revenue Model
Company Description
Hitech Corporation Limited manufactures, sells, and exports rigid plastic containers in India and internationally. Its products have applications in paints and coatings, personal care, home care, food and beverages, health care, agrochemicals, and...
How the Company Makes Money
Hitech Corporation Ltd generates its revenue through the production and sale of rigid plastic packaging products. The company primarily earns money by supplying these packaging solutions to a diverse customer base across industries such as food an...
Hitech Corporation Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
33
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.02B | 6.40B | 5.61B | 5.62B | 5.59B | 5.86B |
| Gross Profit | 2.16B | 1.66B | 622.60M | 758.76M | 2.09B | 2.15B |
| EBITDA | 707.99M | 745.66M | 644.39M | 739.89M | 791.48M | 961.39M |
| Net Income | 111.88M | 151.89M | 89.37M | 220.03M | 283.29M | 373.97M |
Balance Sheet | ||||||
| Total Assets | 4.74B | 4.89B | 4.51B | 3.89B | 3.40B | 3.54B |
| Cash, Cash Equivalents and Short-Term Investments | 59.65M | 79.82M | 24.46M | 7.04M | 24.15M | 7.79M |
| Total Debt | 1.32B | 1.37B | 1.17B | 803.84M | 630.48M | 988.59M |
| Total Liabilities | 1.95B | 2.04B | 1.80B | 1.26B | 972.38M | 1.37B |
| Stockholders Equity | 2.78B | 2.85B | 2.71B | 2.63B | 2.43B | 2.17B |
Cash Flow | ||||||
| Free Cash Flow | 42.55M | -104.04M | -201.97M | 32.28M | 506.59M | 535.69M |
| Operating Cash Flow | 259.08M | 264.57M | 480.97M | 545.74M | 693.29M | 726.79M |
| Investing Cash Flow | -274.67M | -480.71M | -623.89M | -482.11M | -159.21M | -59.10M |
| Financing Cash Flow | 18.18M | 246.39M | 290.87M | -80.73M | -543.27M | -650.57M |
Hitech Corporation Ltd Technical Analysis
Positive
168.20
Price Trends
138.75
Positive
147.80
Positive
168.61
Negative
Market Momentum
3.69
Negative
70.25
Negative
71.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HITECHCORP, the sentiment is Positive. The current price of 168.2 is above the 20-day moving average (MA) of 141.81, above the 50-day MA of 138.75, and below the 200-day MA of 168.61, indicating a neutral trend. The MACD of 3.69 indicates Negative momentum. The RSI at 70.25 is Negative, neither overbought nor oversold. The STOCH value of 71.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HITECHCORP.
Hitech Corporation Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹4.97B | 9.38 | ― | 0.52% | 13.99% | 228.38% | |
63 Neutral | ₹1.19B | 16.55 | ― | ― | 6.98% | 240.64% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹1.58B | 41.66 | ― | 0.29% | 10.81% | -30.15% | |
54 Neutral | ₹2.88B | -27.68 | ― | 0.58% | 14.07% | 69.88% |
* Technology Sector Average
IN:HITECHCORP
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Hitech Corporation Ltd Corporate Events
Hitech Corporation Reshapes Top Management and Board Roles
May 8, 2026
Hitech Corporation Limited has overhauled its senior leadership, elevating Ravi G. Balasubramanian from Vice-President Manufacturing to President and Senior Management Personnel, and appointing Girish Haganoor as President of its wholly owned subs...
Hitech Corporation Files SEBI Demat Compliance Certificate for March 2026 Quarter
Apr 14, 2026
Hitech Corporation Limited has notified the stock exchanges that it has obtained the requisite quarterly compliance certificate from its registrar and share transfer agent under Regulation 74(5) of the SEBI (Depositories and Participants) Regulati...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.