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The Hi-Tech Gears Limited manufactures precision gears, shafts, transmission components and engine components for two-wheelers, passenger vehicles, commercial vehicles, agricultural and off-highway equipment across India and North America. Its five manufacturing plants and more than 2,500 employees support marquee OEM relationships, while its product portfolio spans forging, machining, heat treatment, assembly and sintered components.
Consolidated Q2 FY27 revenue rose 18.4% year-on-year to ₹2,850 million, while EBITDA increased 20.5% to ₹335 million. Profit after tax grew 78.3% to ₹107 million, supported by operating leverage, higher volumes and improved quarterly performance, although EBITDA margin remained modest at 11.75% amid significant energy, tooling and labour-cost inflation.
The company is in its third consecutive quarter of operational transformation in India, with machine refurbishment and manpower stabilisation intended to improve throughput and productivity. Benefits are expected with a lag, meaning current margin performance still reflects upfront investment and inflationary pressure rather than the full potential of the improvement programme.
EV participation has become commercially tangible rather than merely aspirational: EV business won from Hero MotoCorp and Dana is already in production. The company is also quoting for additional EV programmes while continuing to serve ICE, premium motorcycle, passenger-car, commercial-vehicle and off-highway applications, giving it transitional flexibility.
Balance-sheet leverage has reduced substantially, with consolidated net debt-to-equity reported at zero in H1 FY27 versus 0.30x in FY24. However, returns remain below historical levels: FY26 ROCE was 7.4%, compared with 28.6% in FY24, while the cash conversion cycle increased from 74 days to 98 days between FY24 and FY26.
Bearish
2
Neutral
8
Bullish
4
Bearish
30
Neutral
12
Bullish
4
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Auto Components
Auto Components & Equipments
930 Cr
Low Risk
38.1
36.6
-2.6
1.8
789.00
480.00
Sales CAGR
Profit CAGR
ROE
ROCE
View Standalone
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Bearish
28
Neutral
4
Bullish
0
The Hi-Tech Gears Ltd (HITECHGEAR) is currently trading at 494.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
The Hi-Tech Gears Limited manufactures precision gears, shafts, transmission components and engine components for two-wheelers, passenger vehicles, commercial vehicles, agricultural and off-highway equipment across India and North America. Its five manufacturing plants and more than 2,500 employees support marquee OEM relationships, while its product portfolio spans forging, machining, heat treatment, assembly and sintered components. Consolidated Q2 FY27 revenue rose 18.4% year-on-year to ₹2,850 million, while EBITDA increased 20.5% to ₹335 million. Profit after tax grew 78.3% to ₹107 million, supported by operating leverage, higher volumes and improved quarterly performance, although EBITDA margin remained modest at 11.75% amid significant energy, tooling and labour-cost inflation. The company is in its third consecutive quarter of operational transformation in India, with machine refurbishment and manpower stabilisation intended to improve throughput and productivity. Benefits are expected with a lag, meaning current margin performance still reflects upfront investment and inflationary pressure rather than the full potential of the improvement programme. EV participation has become commercially tangible rather than merely aspirational: EV business won from Hero MotoCorp and Dana is already in production. The company is also quoting for additional EV programmes while continuing to serve ICE, premium motorcycle, passenger-car, commercial-vehicle and off-highway applications, giving it transitional flexibility. Balance-sheet leverage has reduced substantially, with consolidated net debt-to-equity reported at zero in H1 FY27 versus 0.30x in FY24. However, returns remain below historical levels: FY26 ROCE was 7.4%, compared with 28.6% in FY24, while the cash conversion cycle increased from 74 days to 98 days between FY24 and FY26.
Over the past 52 weeks, The Hi-Tech Gears Ltd has traded between a low of ₹480.00 and a high of ₹789.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
The Hi-Tech Gears Ltd has a market capitalization of approximately 929.71. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
The Hi-Tech Gears Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 38.06 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 929.71 Cr, The Hi-Tech Gears Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
The Hi-Tech Gears Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of The Hi-Tech Gears Ltd is 38.06. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
THGL says it has won EV business from Hero MotoCorp and Dana, and that production is currently under way. The presentation does not provide contract values, annual volumes or expected revenue from either customer.
Hi-Tech Gears reported consolidated profit after tax of Rs 10.7 crore in Q2 FY27. It was 78.3% higher than Rs 6 crore in Q2 FY26 and above Rs 4.8 crore in Q1 FY27.
The Hi-Tech Gears reported net debt-to-equity of 0.00 times in H1 FY27. The reported ratio was 0.05 times in FY26, 0.09 times in FY25 and 0.30 times in FY24.
Hi-Tech Gears reported about Rs 117.2 crore of annualised new-business wins in FY25-26. Of that amount, Rs 86 crore came from a current customer and Rs 31.2 crore from a new customer. The company said the awards included a new customer and a new platform.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
107.75 | 1,078 Cr | 21.15 | 2.41 | 0.93 | 7.74 | 10.36 | 3.80 | ||
619.90 | 1,071 Cr | 30.47 | 6.02 | 0.40 | 19.75 | 15.67 | 8.13 | ||
110.15 | 1,004 Cr | 22.31 | 4.16 | 1.82 | 18.64 | 23.90 | 15.60 | ||
103.90 | 987 Cr | 24.28 | 1.16 | 0.96 | 4.13 | 6.53 | 3.59 | ||
494.00 | 930 Cr | 38.06 | 1.75 | 0.81 | 4.61 | 7.19 | 2.86 | ||
1959.75 | 882 Cr | 33.09 | 3.36 | 0.43 | 10.16 | 14.33 | 8.93 | ||
213.25 | 775 Cr | 64.69 | 1.47 | 1.29 | 2.27 | 5.88 | 1.35 | ||
| Median: 7 Co. | — | 213.25 | 987 Cr | 30.47 | 2.41 | 0.93 | 7.74 | 10.36 | 3.80 |
