Hi-Tech Gears Stock Price Analysis and Quick Research Report. Is Hi-Tech Gears an attractive stock to invest in?
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The Indian Auto Industry is among the top five largest in the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The government's support is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Hi-Tech Gears stock price today is Rs 676.3. Let’s look at how Hi-Tech Gears is performing and if it is the right time to buy the stock of Hi-Tech Gears with detailed analysis.
- The mainstream of revenue for Auto Sector is their sales, Hi-Tech Gears has reported poor sales growth of -0.2341% and in the latest quarter sales was Rs 159.122 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 9.4932 times for Hi-Tech Gears . It is managing its inventory poorly .
- Hi-Tech Gears reported Profit loss of -2.1275 % over the year, where the latest year profit is Rs 49.269 Cr compared to the previous year of Rs 50.34 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
- The operating profit of Hi-Tech Gears in the latest quarter is Rs 19.658 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
- Hi-Tech Gears has a average ROE of 11.735%. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Hi-Tech Gears has a low Debt to Equity ratio of 0.3329.
- Hi-Tech Gears pays a dividend of 5 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.7153%.
- The share of promoter in Hi-Tech Gears is high at 56.18%, where the pledging is 0%.
- What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Hi-Tech Gears is 29.9731867839652 compared to the 5 year average PE of 15.0311685214583.
One can find all the Financial Ratios of Hi-Tech Gears in Ticker for free. Also, one can get the intrinsic value of Hi-Tech Gears by using Valuation Calculators, which are available with a Finology ONE subscription.
Hi-Tech Gears FAQs
Q1. What is Hi-Tech Gears share price today?
Ans: The current share price of Hi-Tech Gears is Rs 676.3.
Q2. What is the market capitalisation of Hi-Tech Gears?
Ans: Hi-Tech Gears has a market capitalisation of Rs 1270.98526571 Cr., calculated based on its latest share price.
Q3. What are the P/E and P/B ratios of Hi-Tech Gears?
Ans: The PE ratio of Hi-Tech Gears is 29.9731867839652 and the P/B ratio of Hi-Tech Gears is 2.64796166074141, showing how the stock is valued against its earnings and book value.
Q4. What is the 52-week high and low of Hi-Tech Gears share?
Ans: The 52-week high share price of Hi-Tech Gears is Rs 919, and the 52-week low share price of Hi-Tech Gears is Rs 515.
Q5. Does Hi-Tech Gears pay dividends?
Ans: Currently, Hi-Tech Gears pays dividends. Dividend yield of Hi-Tech Gears is around 0.7153%.
Q6. What are the face value and book value of Hi-Tech Gears shares?
Ans: The face value of Hi-Tech Gears shares is Rs 10, while the book value per share of Hi-Tech Gears is around Rs 255.404. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.
Q7. What is the debt of Hi-Tech Gears?
Ans: Hi-Tech Gears has a total debt of Rs 147.292 Cr., which affects investor sentiment and financial stability.
Q8. What are the ROE and ROCE of Hi-Tech Gears?
Ans: The ROE of Hi-Tech Gears is 11.735% and ROCE of Hi-Tech Gears is 13.9604%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.
Q9. Is Hi-Tech Gears a good buy for the long term?
Ans: The Hi-Tech Gears long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.
Q10. Is Hi-Tech Gears undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the Hi-Tech Gears appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.
Q11. How to check Hi-Tech Gears’s financials?
Ans: You can review Hi-Tech Gears’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.