The Hi-Tech Gears share price & results
- Jun 2026
- Sept 2026
Gurugram-based precision manufacturer of gears, shafts and transmission components for two-wheeler, passenger, commercial and off-highway vehicle OEMs, with plants in India, Canada and the USA.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 238 | +10.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 11.1 | −1.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.8 | −20.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 3.92 | −4.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 5.98 | −7.6 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 5.52 | +14.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −38.6% 1Y
1Y: ₹800.95 on 24 Oct 2025 → ₹492. High ₹810.15 (29 Oct 2025), low ₹492 (27 Oct 2026).
- Previous close
- ₹493.85
- Market cap
- ₹929 Cr
- 52-week range
- ₹492 – ₹810.15
- One year
- −38.35%
- Price to earnings (TTM to Jun 2026)
- 47.06×
- Return on equity (TTM to Jun 2026)
- 3.92%
Overview
- Symbol
- NSE:HITECHGEAR
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What The Hi-Tech Gears Limited does
Based on the company's own presentations, annual report and earnings calls.
The Hi-Tech Gears Limited manufactures precision gears, shafts, transmission and engine components used across Two-Wheeler, Passenger Vehicle, Commercial Vehicle and Agri/Off-Highway vehicle segments. It runs an integrated in-house process chain covering forging, machining, heat treatment, finishing, tool room/die manufacturing and assembly, and supplies these components as a strategic Tier-1 supplier to global OEMs and Tier-1s. It also develops EV driveline and advanced-transmission components (e.g. EV-differential assemblies, single-speed transmission gears) for the EV and premium vehicle segments.
Segments
- Two-Wheeler Transmission
- Car Transmission & Driveline
- Commercial & Off-Highway Vehicle Transmission
- Engine Gears & Power Take Off Components
- Precision Forging & Machining / Sintered Components
- Manufacturing plants
- 5 (3 in India, 1 each in Canada & USA)
- Employees
- 2,500+
- Export countries
- 10+
- Years of experience
- 39
- India plants
- Plant-I Bhiwadi (est. 1986), Plant-II Manesar (est. 2005), Plant-III Bhiwadi (est. 2011)
- Overseas plants
- Guelph, Canada & Emporium, USA (both acquired 2017)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −21% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 246 | 205 | 215 | 216 | 241 | 224 | 229 | 238 |
| Expenses | 211 | 179 | 182 | 189 | 213 | 202 | 203 | 211 |
| Operating profit | 35 | 27 | 33 | 26 | 28 | 22 | 25 | 26 |
| Operating margin | 14.3% | 12.9% | 15.5% | 12.1% | 11.6% | 9.8% | 11.0% | 11.1% |
| Other income | 2 | 3 | 4 | 5 | 2 | 3 | 4 | 1 |
| Interest | 6 | 5 | 4 | 4 | 4 | 4 | 4 | 4 |
| Depreciation | 16 | 16 | 16 | 16 | 17 | 18 | 16 | 17 |
| Profit before tax | 15 | 9 | 17 | 11 | 10 | 3 | 10 | 6 |
| Tax rate | 38.2% | 21.7% | 43.6% | 42.9% | 37.3% | 72.8% | 19.3% | 25.6% |
| Net profit | 10 | 7 | 10 | 6 | 6 | 1 | 8 | 5 |
| EPS (₹ per share) | 5.08 | 3.66 | 5.17 | 3.19 | 3.20 | 0.46 | 4.31 | 2.53 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,169 | 1,107 | 927 | 908 |
| Expenses | 1,028 | 957 | 791 | 807 |
| Operating profit | 141 | 150 | 136 | 101 |
| Other income | 8 | 87 | 12 | 14 |
| Interest | 33 | 38 | 21 | 15 |
| Depreciation | 82 | 61 | 63 | 67 |
| Profit before tax | 34 | 138 | 63 | 33 |
| Net profit | 23 | 114 | 40 | 21 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 312 | 336 | 447 | 465 | 480 | 504 |
| Borrowings | 471 | 457 | 298 | 202 | 181 | 183 |
| Other liabilities | 201 | 171 | 144 | 118 | 133 | 132 |
| Total liabilities | 1,002 | 983 | 908 | 804 | 813 | 838 |
| Fixed assets | 528 | 496 | 462 | 445 | 438 | 436 |
| Capital work in progress | 38 | 13 | 4 | 1 | 6 | 7 |
| Investments | 12 | 12 | 12 | 1 | 1 | 1 |
| Other assets | 424 | 462 | 430 | 357 | 368 | 394 |
| Total assets | 1,002 | 983 | 908 | 804 | 813 | 838 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 37 | 56 | 54 | 117 | 149 | 86 |
| Cash from investing | -51 | -56 | -41 | 143 | -1 | -34 |
| Cash from financing | 25 | 11 | -41 | -280 | -150 | -57 |
| Net cash flow | 12 | 10 | -27 | -19 | -3 | -5 |
| Free cash flow | -21 | -3 | 32 | 254 | 126 | 54 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 73 | 65 | 65 | 66 | 60 | 70 |
| Inventory days | 91 | 88 | 75 | 79 | 99 | 112 |
| Days payable | 112 | 109 | 73 | 69 | 66 | 80 |
| Cash conversion cycle | 52 | 45 | 67 | 76 | 93 | 101 |
| Working capital days | 7 | -7 | -5 | 23 | 49 | 63 |
| Return on capital employed | 8.0% | 5.0% | 8.0% | 12.0% | 12.0% | 7.0% |
| Dividend payout | 13.0% | −256.0% | 20.0% | 8.0% | 23.0% | 36.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
India contributes 70.1% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- India 70.1%
₹171.21 crore
- Canada 26.9%
₹65.71 crore
- Others 3.0%
₹7.44 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| India | 171.21 | 70.1% |
| Canada | 65.71 | 26.9% |
| Others | 7.44 | 3.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹244.36 crore
- Intersegment adjustment
- ₹5.42 crore
- Net segment revenue
- ₹238.94 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Each segment’s share of reported revenue, quarter by quarter.
| Segment | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| India | 70% | 70% | 73% | 72% | 72% | 71% | 75% | 70% | +5.1% |
| Canada | 28% | 27% | 24% | 25% | 26% | 26% | 22% | 27% | +15.4% |
| Others | — | — | 2% | 2% | 3% | 3% | 3% | 3% | +40.2% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 56.10% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 56.10%
- Foreign institutions 0.00%
- Domestic institutions 0.00%
- Government 0.02%
- Public 43.88%
Who is on the register
Named in the Sep 2026 filing
Every holder of The Hi-Tech Gears Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 16.55% | unchanged | |
| 10.48% | unchanged | |
| 9.27% | unchanged | |
| 5.75% | unchanged | |
| 4.51% | unchanged | |
| 4.51% | unchanged | |
| 2.66% | unchanged | |
| 1.89% | −0.17 pp | |
| 1.23% | unchanged | |
| 0.45% | unchanged | |
| 0.45% | unchanged | |
| 0.10% | 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.
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