The Hi-Tech Gears Ltd

BSE
HITECHGEAR •
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
27.08% Fall from 52W High
-11.8
TTM PE Ratio
Low in industry
15.3
Price to Book Ratio
Above industry Median
3.8
Dividend yield 1yr %
Low in industry
0.3
TTM PEG Ratio
0
RSI
RSI is mid-range
38.5
MFI
MFI is mid-range
52.9

The Hi-Tech Gears Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

The Hi-Tech Gears Ltd shareholding Pattern

Promoter
56.2%
Public
43.7%
Promoter
56.2%
Foreign Institutions
0.1%
Public
43.7%
Promoter
56.3%
Public
43.7%
Promoter
56.3%
Public
43.7%
Promoter
56.3%
Public
43.7%
Promoter
56.2%
Public
43.8%

The Hi-Tech Gears Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
5
Bearish Moving Averages
11
5Day EMA
951.80
10Day EMA
965.10
12Day EMA
968.40
20Day EMA
977.10
26Day EMA
981.00
50Day EMA
971.20
100Day EMA
887.20
200Day EMA
736.50
5Day SMA
951.70
10Day SMA
972.70
20Day SMA
979.50
30Day SMA
984.40
50Day SMA
1,006.90
100Day SMA
891.70
150Day SMA
750.30
200Day SMA
666.70
Delivery & Volume
Resistance & Support
936.23
Pivot
Resistance
First Resistance
957.42
Second Resistance
981.18
Third Resistance
1,002.37
Support
First Support
912.47
Second support
891.28
Third Support
867.52
Relative Strength Index
38.50
Money Flow Index
52.87
MACD
-12.59
MACD Signal
-6.87
Average True Range
40.54
Average Directional Index
14.30
Rate of Change (21)
-3.66
Rate of Change (125)
91.69
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
India Nippon Electricals Ltd.
1787.54
429
848.7
Rico Auto Industries Ltd.
1654.72
78.85
157
Wheels India Ltd.
1980.66
548.5
914.55
Precision Camshafts Ltd.
1720.67
173.15
319
Yuken India Ltd.
1737.65
601.3
1572.7
GNA Axles Ltd.
1766.39
359.15
582.05

The Hi-Tech Gears Ltd Company background

Founded in: 1986
Incorporated in 1986, HiTech Gears Limited (HTGL) manufactures automotive gears and shafts at Bhiwadi, Rajasthan, mainly for Hero Honda Motors (HHML). The Company is an auto component manufacturer (a Tier 1 supplier). Over a period of time, it acquired additional equipments to cater to the requirement of gears and shafts for HHML and other original equipment manufacturers. The Company is engaged in the business of gears and transmission components.HTGL has tied up with Kyushu Musashi, a subsidiary of Honda Motors, Japan, to manufacture closeddie forgings in India. This particular product is a raw material for transmission gears and shafts. These forgings are at present imported by HHML. With the implementation of the forgings project, the company will stand to benefit as inhouse forgings manufacture will result in valueadded and costeffective products. The technology thus acquired will be unique which imparts greater strength to forgings and will not be restricted to the automobile sector. This is the first time this technology is being transferred outside the Honda group.Company commenced supply to M/s Cummins world wide. Besides this the company is developing markets in Germany and increasing its business in U.K. Company also confident about the healthy segment of its business due to companys largest customer M/s Hero Honds Motors Ltd.It has plans of diversifying into the software arena with a foray into eengineering services. The company has formed a small group named Hitech Soft which is utilising software from original equipment (OE) customers to undertake projects on assembly, modelling, computer aided machining (CAM), drawing and other engineering services. It plans to strengthen it and then hive it off as a separate entity in the future. This division plans to offer product and process life cycle management projects, intralink implementation, training and consulting services.During the year 200304, HiTech Robotic Systemz Inc. was incorporated as a 100% subsidiary of the Company. In 2005, the Company set up Manufacturing plant at Manesar.During 201718, the Company incorporated a Wholly Owned Subsidiary Company in US in the name of NeoTech Auto Systemz Inc. and subscribed 10,00,000 common shares of CAD 0.01 each. Similarly during the year 201819, it incorporated a Wholly Owned Subsidiary in Canada in the name of NeoTech Smart Solutions Inc. and subscribed 2,50,000 common shares of CAD 1 each.As on March 31, 2023, the Company had 9 Whollyowned Subsidiaries consisting of 3 wholly owned subsidiaries viz., 2545887 Ontario Inc., NeoTech Smart Solutions Inc. NeoTech Auto Systemz Inc., and 6 whollyowned step down subsidiaries viz., 2504584 Ontario Inc., 2323532 Ontario Inc., The HiTech Gears Canada Inc., Teutech Holdings Co., Teutech Leasing Co. and Teutech LLC. However, 2 Whollyowned StepDown Subsidiaries i.e., 2323532 Ontario Inc. and 2504584 Ontario Inc. got amalgamated with The HiTech Gears Canada Inc. (Whollyowned Step down Subsidiary of the Company) w.e.f. June 15, 2023 and both the aforesaid Whollyowned StepDown Subsidiaries, viz., 2323532 Ontario Inc. and 2504584 Ontario Inc ceased to exist from June 15, 2023.
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The Hi-Tech Gears Ltd FAQs

The past 1-year return of The Hi-Tech Gears Ltd [HITECHGEAR] share was 130.83. The The Hi-Tech Gears Ltd [HITECHGEAR] share hit a 1-year low of Rs. 351.5 and a 1-year high of Rs. 1275.75.

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