HITECHCORP

Hitech Corporation financials

Market cap
₹581 Cr
Sector
Capital Goods

What Hitech Corporation Limited does

Hitech Corporation manufactures rigid plastic packaging - pails (1L-20L), bottles (5ml-5L) and large drums (up to 250L) - using injection moulding, extrusion/injection/stretch blow moulding and multiple labelling technologies (in-mould labelling, dry offset, heat transfer, screen printing, hot foil stamping, metallizing). It serves food & beverage, pharmaceuticals, home and personal care, agrochemicals, paints and construction-chemical customers, supported by a Technology Centre in Pune that handles design, prototyping and mould development. Through its wholly owned subsidiary Thriarr Polymers, the company also makes thermoset moulded products - switchgear components, kitchenware and automobile parts - and develops precision moulds and dies. A US subsidiary, Hitech Global Inc, was set up to market products and source technology internationally.

Segments

  • Rigid plastic packaging
  • Thermoset moulded components (Thriarr Polymers)
Manufacturing/technology locations
13 nationwide across India
Manufacturing space
1 mil sq. ft.
Product SKUs
1200+
Total employees
662
New products launched (FY2025)
200
Mould designs developed (Technology Centre)
500+
Founded 1991Headquarters Mumbai, Maharashtra, IndiaEmployees 662 (FY2025) Company website

Quarterly results

Q1 FY27: revenue up 38.0%, net profit up 81.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue147 123 137 153 148 +1%132 +7%152 +10%211 +38%
EBITDA17 13 13 18 16 −5%11 −13%19 +39%21 +19%
Net profit3 1 -0 3 2 −48%-3 −329%6 +1619%6 +82%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +66.6% 1Y

₹100₹150₹200₹250₹300₹350Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹200.74 on 10 Sept 2025 → ₹334.5. High ₹337.65 (1 Sept 2026), low ₹114.31 (30 Mar 2026).

Financials, as filed

Revenue grew 5.9% a year over 4 years, FY15 to FY26. Operating margin widened to 11.0%.

Year endingFY15FY23FY24FY25FY26
Revenue₹465 Cr₹559 Cr₹562 Cr₹549 Cr₹584 Cr
Operating profit₹40 Cr₹74 Cr₹73 Cr₹60 Cr₹64 Cr
Operating margin8.7%13.3%12.9%10.9%11.0%
Interest₹16 Cr₹14 Cr₹14 Cr₹16 Cr₹18 Cr
Depreciation₹16 Cr₹29 Cr₹30 Cr₹36 Cr₹38 Cr
Net profit₹7 Cr₹28 Cr₹22 Cr₹8 Cr₹8 Cr
Net margin1.5%5.1%3.9%1.5%1.4%
Cash from operations———₹47 Cr₹37 Cr
Free cash flow———₹-2 Cr₹3 Cr
ROCE—15.0%13.0%7.0%7.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹17 Cr₹17 Cr₹17 Cr₹17 Cr₹17 Cr₹17 Cr
Reserves₹165 Cr₹200 Cr₹226 Cr₹246 Cr₹261 Cr₹259 Cr
Borrowings₹148 Cr₹99 Cr₹63 Cr₹80 Cr₹132 Cr₹136 Cr
Other liabilities₹39 Cr₹38 Cr₹34 Cr₹45 Cr₹63 Cr₹61 Cr
Total liabilities₹369 Cr₹354 Cr₹340 Cr₹389 Cr₹474 Cr₹472 Cr
Fixed assets₹251 Cr₹245 Cr₹228 Cr₹256 Cr₹294 Cr₹270 Cr
Capital work in progress₹3 Cr₹2 Cr₹6 Cr₹15 Cr₹13 Cr₹12 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹28 Cr
Other assets₹114 Cr₹107 Cr₹106 Cr₹117 Cr₹165 Cr₹163 Cr
Total assets₹369 Cr₹354 Cr₹340 Cr₹389 Cr₹474 Cr₹472 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −0.12 pp. The shareholder count shrank 17% to 7,720.

Promoters
74.4%
DIIs
0.1%
Government
0.0%
Public
25.4%

Since Jun 2025

  • FIIs −0.12 pp
  • DIIs +0.09 pp
  • Public +0.03 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.4%, Government 0.0%, Public 25.6%.Dec '23: Promoters 74.4%, Government 0.0%, Public 25.5%.Mar '24: Promoters 74.4%, FIIs 0.1%, Government 0.0%, Public 25.4%.Jun '24: Promoters 74.4%, FIIs 0.1%, Government 0.0%, Public 25.4%.Sep '24: Promoters 74.4%, FIIs 0.1%, DIIs 0.0%, Government 0.0%, Public 25.4%.Dec '24: Promoters 74.4%, FIIs 0.1%, DIIs 0.0%, Government 0.0%, Public 25.4%.Mar '25: Promoters 74.4%, FIIs 0.1%, DIIs 0.0%, Government 0.0%, Public 25.4%.Jun '25: Promoters 74.4%, FIIs 0.1%, DIIs 0.0%, Government 0.0%, Public 25.4%.Sep '25: Promoters 74.4%, FIIs 0.1%, DIIs 0.0%, Government 0.0%, Public 25.4%.Dec '25: Promoters 74.4%, DIIs 0.0%, Government 0.0%, Public 25.5%.Mar '26: Promoters 74.4%, DIIs 0.0%, Government 0.0%, Public 25.5%.Jun '26: Promoters 74.4%, DIIs 0.1%, Government 0.0%, Public 25.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Hitech Corporation Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Geetanjali Trading And Investments Private Limited 69.11%unchanged
Ina Ashwin Dani 1.70%unchanged
Hiren Holdings Private Limited 1.52%unchanged
Rajen Anil Shah 1.37%newly disclosed
Shubhit Holdings Private Limited 1.03%unchanged
Malav A Dani 0.31%unchanged
Jalaj A Dani 0.24%unchanged
Vita Jalaj Dani 0.19%unchanged
Hasit Ashwin Dani 0.17%unchanged
Ashwin Ramanlal Gandhi 0.09%unchanged
Hiren Ashwin Gandhi 0.04%unchanged
Satyen Ashwin Gandhi 0.03%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹334, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~-37%. At that growth it is worth ₹16 — downside of 95%.

Growth the price implies
20.6% a year
for 7 years, fading to 4%
It has actually compounded at
-37.4% a year
net profit, FY23–FY26 · EPS -37.4%
The gap
0.6 pp
-95% downside if it only repeats history
Price today ₹334.5 Value at the reference growth ₹15.64 Cyclical — a peak-earnings base overstates value

Change the assumptions yourself →

Learn to analyse Hitech Corporation Limited

Guides on how to read this kind of business and the numbers that matter.