Hitech Corporation Limited

BSE: HITECHCORP526217ISIN INE120D01012

Industrials
Packaging

Share price

₹410.00-4.00 (-0.97%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹425.00
52W low: ₹112.10
Off 52W high: -3.53%
1M return: +20.16%
3M return: +28.71%
6M return: +197.64%
1Y return: +112.93%
20D avg volume: 2,176
50 DMA: ₹357.36
200 DMA: ₹242.20

Key ratios Consolidated

Market cap: ₹704.20 Cr
Current price: ₹410.00
52W high / low: ₹425.00 / ₹112.10
Face value: ₹10.00
P/E: 40.13
P/B: 2.47
EPS (TTM): ₹10.22
Book value / share: ₹165.72
ROE: —
ROCE: 10.60%
Operating margin: —
Net margin: —
Debt / equity: 0.47
Net debt: ₹127.14 Cr
Interest cover: 2.03
Dividend yield: 0.24%
Dividend / share (TTM): ₹1.00
Payout: 9.78%
Cash conversion cycle: 62.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	225.67	166.00	145.12	164.38	164.91	149.29	123.00	146.51	142.62	—
	1.33	2.91	0.47	0.48	0.41	1.26	0.97	0.36	0.98	—
	227.00	168.91	145.59	164.86	165.31	150.56	123.97	146.88	143.60	—
	217.72	159.32	146.90	159.19	158.78	147.36	122.92	142.93	139.18	—
	151.18	97.23	88.70	99.48	100.79	91.85	74.20	90.24	87.58	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	17.41	13.12	14.46	12.16	12.08	11.71	10.28	10.92	11.18	—
	5.02	4.66	4.57	4.82	4.59	4.20	3.90	4.10	3.95	—
	10.04	10.02	10.00	9.93	9.76	9.63	9.06	9.09	8.68	—
	39.68	33.96	30.71	34.16	32.35	30.63	24.44	29.63	28.23	—
	9.28	9.59	-1.31	5.67	6.54	3.19	1.05	3.94	4.42	—
	0.00	0.65	-2.00	0.00	0.00	-1.55	0.00	0.00	0.77	—
	9.28	10.24	-3.31	5.67	6.54	1.65	1.05	3.94	5.18	—
	2.17	1.35	0.69	1.50	1.79	0.63	0.21	1.16	1.30	—
	7.11	8.89	-2.62	4.17	4.75	1.01	1.26	2.78	3.89	—
	4.14	5.17	-1.52	2.43	2.76	0.59	0.73	1.62	2.26	—
Key metrics
	24.34	24.92	11.26	20.42	20.89	15.48	14.01	17.13	17.81	—
	10.80%	15.00%	7.80%	12.40%	12.70%	10.40%	11.40%	11.70%	12.50%	—
	3.20%	5.40%	-1.80%	2.50%	2.90%	0.70%	1.00%	1.90%	2.70%	—
	—	4.20%	—	3.10%	—	1.80%	—	—	—	—
	36.80%	11.20%	18.00%	12.20%	15.60%	—	—	—	—	—
	49.70%	780.20%	-307.90%	50.00%	22.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	701.17	640.40	561.43	—
	5.19	4.28	3.50	—
	706.36	644.68	564.92	—
	683.13	624.19	552.32	—
	436.59	386.19	343.87	—
	0.00	0.00	0.00	—
	57.15	51.81	44.08	—
	19.07	18.65	16.15	—
	39.99	39.71	36.46	—
	138.51	131.18	112.86	—
	23.23	20.49	12.61	—
	-1.35	-1.35	-0.78	—
	21.88	19.14	11.83	—
	5.71	3.95	2.89	—
	17.55	15.19	8.94	—
	10.22	8.84	5.20	—
Key metrics
	80.94	77.50	64.44	—
	11.54%	12.10%	11.50%	—
	2.50%	2.40%	1.60%	—
	—	10.60%	8.50%	—
	20.12%	14.10%	—	—
	79.08%	69.90%	—	—
	—	6.95	-4.98	—
	—	2.88	5.38	—
	—	0.47	0.41	—
	—	127.14	107.59	—
	—	62.3	52.0	—
Balance sheet
	—	488.84	450.83	—
	—	163.82	119.06	—
	—	5.29	2.26	—
	—	71.77	54.56	—
	—	71.71	51.27	—
	—	9.98	7.93	—
	—	276.31	279.64	—
	—	34.13	25.78	—
	—	131.31	120.10	—
	—	132.43	109.85	—
	—	80.92	66.79	—
	—	51.51	43.06	—
	—	284.64	270.70	—
Cash flow
	—	43.81	48.10	—
	—	-47.40	-62.01	—
	—	6.61	15.53	—
	—	36.86	53.08	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	210.84	151.61	131.54	148.28	152.82	137.30	123.00	146.51	142.62	138.63	129.30	143.49
	1.15	1.77	0.21	0.17	0.39	1.20	0.97	0.36	0.98	0.50	0.67	0.08
	211.98	153.39	131.75	148.45	153.21	138.50	123.97	146.88	143.60	139.13	129.97	143.57
	203.98	147.22	134.03	146.46	148.58	137.29	122.75	142.79	139.02	129.81	126.47	136.65
	143.57	91.08	81.30	91.78	94.27	83.81	74.20	90.24	87.58	82.74	78.85	87.68
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	14.33	11.11	11.49	11.37	11.28	10.91	10.16	10.80	11.09	9.81	9.96	10.30
	4.98	4.62	4.47	4.80	4.49	4.11	3.90	4.10	3.95	3.60	3.49	3.61
	9.60	9.52	9.49	9.42	9.31	9.19	9.06	9.09	8.68	8.04	7.52	7.22
	36.51	31.28	28.17	29.98	29.68	28.64	24.38	29.60	28.16	27.04	26.92	28.44
	8.00	6.16	-2.28	1.99	4.63	1.21	1.23	4.09	4.58	9.32	3.51	6.92
	0.00	0.65	-2.00	0.00	0.00	-1.55	—	—	0.77	—	—	—
	8.00	6.81	-4.28	1.99	4.63	-0.34	1.23	4.09	5.35	9.32	3.51	6.92
	1.82	0.43	-1.02	0.48	1.22	0.08	0.21	1.16	1.30	2.68	0.98	1.77
	6.18	6.38	-3.27	1.51	3.40	-0.42	1.43	2.92	4.05	6.64	2.53	5.15
	3.60	3.71	-1.90	0.88	1.98	-0.24	0.83	1.70	2.36	3.87	1.47	3.00
Key metrics
	22.58	20.95	9.68	16.21	18.43	12.96	14.19	17.28	17.98	20.96	14.52	17.75
	10.70%	13.80%	7.40%	10.90%	12.10%	9.40%	11.50%	11.80%	12.60%	15.10%	11.20%	12.40%
	2.90%	4.20%	-2.50%	1.00%	2.20%	-0.30%	1.20%	2.00%	2.80%	4.80%	2.00%	3.60%
	—	3.30%	—	2.00%	—	1.20%	—	—	—	—	—	—
	38.00%	10.40%	6.90%	1.20%	7.20%	-1.00%	-4.90%	2.10%	—	—	—	—
	81.80%	1,619.00%	-328.70%	-48.30%	-16.00%	-106.30%	-43.50%	-43.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	642.27	584.25	549.43	561.79	558.67	588.46
	3.30	2.53	3.44	1.61	1.74	0.79
	645.57	586.78	552.87	563.41	560.41	589.25
	631.69	576.29	541.77	533.38	526.86	548.80
	407.73	358.44	335.83	339.26	347.04	372.29
	0.00	0.00	0.00	—	—	—
	48.30	45.25	42.96	39.53	35.63	31.41
	18.87	18.37	16.07	14.26	13.77	16.13
	38.03	37.74	36.02	29.71	28.60	30.01
	125.94	119.12	110.72	111.33	98.76	100.13
	13.87	10.49	11.10	30.02	33.55	40.45
	-1.35	-1.35	-0.78	—	3.81	9.94
	12.52	9.14	10.32	30.02	37.36	50.39
	1.71	1.12	2.34	8.02	9.03	12.99
	10.80	8.02	7.98	22.00	28.33	37.40
	6.29	4.67	4.65	12.81	16.49	21.77
Key metrics
	69.42	65.25	62.41	73.99	79.73	96.53
	10.81%	11.20%	11.40%	13.20%	14.30%	16.40%
	1.68%	1.40%	1.50%	3.90%	5.10%	6.40%
	—	7.90%	8.10%	—	—	—
	14.77%	6.30%	-2.20%	0.60%	-5.10%	—
	47.34%	0.50%	-63.70%	-22.30%	-24.30%	—
	—	2.44	-5.74	—	—	—
	—	4.65	5.88	—	—	—
	—	0.47	0.40	—	—	—
	—	130.32	106.59	—	—	—
	—	61.1	47.5	—	—	—
Balance sheet
	—	472.39	440.34	—	—	—
	—	142.32	106.11	—	—	—
	—	0.29	0.28	—	—	—
	—	61.16	44.97	—	—	—
	—	67.89	48.82	—	—	—
	—	8.19	6.95	—	—	—
	—	262.85	266.10	—	—	—
	—	31.19	22.28	—	—	—
	—	124.63	113.12	—	—	—
	—	130.61	106.87	—	—	—
	—	80.64	66.03	—	—	—
	—	49.97	40.84	—	—	—
	—	276.15	269.72	—	—	—
Cash flow
	—	37.27	46.95	—	—	—
	—	-45.33	-63.74	—	—	—
	—	8.07	16.43	—	—	—
	—	34.83	52.69	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +1.50%
Sales CAGR 5Y: —
Profit CAGR 3Y: -34.34%
Profit CAGR 5Y: —
Sales YoY (TTM): +14.77%
Profit YoY (TTM): +47.34%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +20.12%
Profit YoY (TTM): +79.08%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.43%

Quarter	30 Sep 2026	September 2026	June 2026
Promoter %	74.43%	74.43%	74.43%

Holder	Type	Holding	Previous	Change
Geetanjali Trading And Investments Private Limited	Promoter Group	69.11%	69.11%	0.00%
RAJEN ANIL SHAH	Public	1.76%	1.76%	0.00%
Ina Ashwin Dani	Promoter	1.70%	1.70%	0.00%
Hiren Holdings Private Limited	Promoter Group	1.52%	1.52%	0.00%
Shubhit Holdings Private Limited	Promoter Group	1.03%	1.03%	0.00%
Malav A Dani	Promoter	0.31%	0.31%	0.00%
Jalaj A Dani	Promoter	0.24%	0.24%	0.00%
Vita Jalaj Dani	Promoter	0.19%	0.19%	0.00%
Hasit Ashwin Dani	Promoter	0.17%	0.17%	0.00%
Ashwin Ramanlal Gandhi	Promoter	0.09%	0.09%	0.00%
Hiren Ashwin Gandhi	Promoter	0.04%	0.04%	0.00%
Satyen Ashwin Gandhi	Promoter	0.03%	0.03%	0.00%
Jalaj Dani HUF (Jalaj Dani)	Promoter Group	0.00%	0.00%	0.00%
Dani Foundation ((Formerly Pious Charitable Trust)(Jalaj Dani,Vita Dani,Mudit Dani,Smiti Dani))	Promoter Group	0.00%	0.00%	0.00%
Naradiya Trust(Malav A Dani-Managing Trustee,Ina A Dani)	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
EPL LIMITED	7,368	223.95	18.28	16.80%	+21.90% TTM	-4.65% TTM	+10.57%
AGI GREENPAC LIMITED	4,294	656.85	12.05	18.20%	+6.19% TTM	+0.21% TTM	-19.59%
Uflex Limited	4,245	581.30	6.15	8.00%	+10.36% TTM	+128.29% TTM	+8.24%
TCPL Packaging Limited	4,144	4,531.15	35.70	20.30%	+5.43% TTM	-13.56% TTM	+36.69%
JINDAL POLY FILMS LIMITED	3,051	698.60	-3.09	-17.10%	-58.49% TTM	-4,451.01% TTM	+24.89%
Polyplex Corporation Ltd.	2,830	918.30	10.61	1.00%	+9.55% TTM	+35.38% TTM	-2.79%
Xpro India Ltd.	2,664	1,102.75	74.18	3.40%	+12.17% TTM	+157.75% TTM	-0.55%
KNACK PACKAGING LIMITED	2,412	187.60	—	—	—	—	—
Mold-Tek Packaging Limited S	2,275	330.35	13.45	14.20%	+19.84% TTM	+20.42% TTM	-5.07%
Cosmo First Limited	2,170	797.55	9.57	10.80%	+41.30% TTM	+49.60% TTM	-9.65%
HUHTAMAKI INDIA LIMITED S	1,653	216.25	12.62	—	+11.70% TTM	+29.94% TTM	-12.47%
Arrow Greentech Limited	1,162	767.55	18.12	27.40%	+12.75% TTM	+18.91% TTM	+30.42%
Commercial Syn Bags Limited	998	232.20	32.80	18.20%	+12.22% TTM	+43.15% TTM	+50.78%
Dhunseri Ventures Limited	991	270.95	4.96	-0.10%	-23.39% TTM	+32.93% TTM	-18.08%
Ester Industries Ltd.	961	88.70	42.20	3.20%	+14.85% TTM	+470.83% TTM	-20.05%
Oricon Enterprises Ltd.	895	57.23	31.07	2.60%	-72.18% TTM	-79.84% TTM	-0.54%
Hitech Corporation Limited	705	410.00	40.13	10.60%	+20.12% TTM	+79.08% TTM	+112.93%
Haldyn Glass Limited	688	131.75	23.89	11.90%	+18.93% TTM	+55.02% TTM	+37.35%
Shree Rama Multi-tech Ltd. S	655	46.96	24.46	17.90%	+22.55% TTM	-54.52% TTM	-17.13%
Shri Jagdamba Polymers Ltd S	636	709.80	13.11	17.10%	-8.73% TTM	-7.89% TTM	-12.54%
SUBAM PAPERS LIMITED	610	224.50	—	5.30%	—	—	+52.20%
Kanpur Plastipack Limited	600	248.00	11.36	19.60%	+17.73% TTM	+117.32% TTM	+19.60%
Nahar Polyfilms Ltd.	582	237.10	6.91	10.50%	+7.93% TTM	+39.08% TTM	-24.60%
Pyramid Technoplast Limited S	552	148.10	17.38	12.90%	+19.00% TTM	+16.06% TTM	-8.01%
TPL Plastech Limited	533	66.78	17.29	23.50%	+25.92% TTM	+22.45% TTM	-5.25%

Filings & corporate actions

Recent announcements

Please find enclosed.29 Oct 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Geetanjali Trading & Investments Pvt Ltd28 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Geetanjali Trading & Investments Pvt Ltd28 Oct 2026 · Company Update / General
Please find attached.22 Oct 2026 · Company Update / General
Receipt of Post Offer Public Announcement issued in accordance of Regulation 17(4) and other applicable provisions of SEBI Delisting Regulations for the delisting of the equity shares of the Company.15 Oct 2026 · Company Update / General
Receipt of Post Offer Public Announcement ("Post Offer PA") issued in accordance Regulation 17(4) and other applicable provisions of SEBI Delisting Regulations for the delisting of the ....15 Oct 2026 · Company Update / General
Outcome of the Reverse Book building process under Reg 17(3) and other applicable provisions of SEBI (Delisting of Equity Shares) Regulations, 2021.13 Oct 2026 · Company Update / General
Please find attached.13 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of publication of reasoned recommendations of Independent Directors'' Committee on Voluntary Delisting as per Regulation 28 of SEBI Delisting Regulations.1 Oct 2026 · Company Update / Newspaper Publication
Recommendations of Independent Director''s Committee as per Regulation 28 of SEBI Delisting Regulations.30 Sep 2026 · Company Update / General
The Company is in receipt of the Letter of Offer ("LOF") in relation to the proposal for Voluntary Delisting of Equity Shares having face value of Rs. 10/- each of Hitech Corporation Limited ....29 Sep 2026 · Company Update / General
Formation of Independent Director''s Committee as per Regulation 28 of SEBI Delisting Regulations.29 Sep 2026 · Company Update / General
Intimation of closure of Trading Window.29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Receipt of Detailed Public Announcement (DPA) from Kreo Capital Private Limited (Manager to the Delisting Offer) for and on behalf of Geetanjali Trading and Investments Private Limited ....28 Sep 2026 · Company Update / General
Receipt of In-principle approval of the Stock Exchanges in accordance with Regulation 12 of SEBI (Delisting of Equity Shares) Regulation, 2021.25 Sep 2026 · Company Update / General
Voting Results and Scrutiniser''s report of 35th AGM.25 Sep 2026 · AGM/EGM / AGM
Outcome of 35th AGM.25 Sep 2026 · AGM/EGM / AGM
Proceedings of 35th AGM of the Company held 24th September, 2026.24 Sep 2026 · AGM/EGM / AGM
Due Diligence Report under SEBI (Delisting of Equity Shares) Regulations, 2021 and Share Capital Audit Reports as per Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018.8 Sep 2026 · Company Update / General
Please find attached.3 Sep 2026 · Company Update / Newspaper Publication
Letter to Shareholders as per Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015.2 Sep 2026 · Company Update / General
Annual Report for FY 2025-262 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please find attached the Notice of 35th Annual General Meeting of the Company scheduled to be held on Thursday, 24th September, 2026 at 03.30 p.m. through VC/OAVM along with Annual Report ....2 Sep 2026 · AGM/EGM / AGM
Newspaper Publication.31 Aug 2026 · Company Update / Newspaper Publication
Intimation of Record date for payment of Dividend and e-voting instructions for 35th AGM.31 Aug 2026 · Corp. Action / Record Date
Intimation of date of payment of Dividend.31 Aug 2026 · Corp Action / Date of payment of Dividend
Intimation of 35th AGM, Record date for dividend and other related information.31 Aug 2026 · AGM/EGM / AGM
Please find enclosed.18 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed.14 Aug 2026 · Company Update / Change in Management
Audited Standalone and Consolidated results for the quarter ended June 30, 202614 Aug 2026 · Result / Financial Results
Outcome of Board Meeting dated 14th August, 202614 Aug 2026 · Board Meeting / Outcome of Board Meeting
Hitech Corporation Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the audited Standalone ....10 Aug 2026 · Board Meeting / Board Meeting
Please find enclosed clippings of the Notice published about the intention of the Company to make an application to the Central Government for its approval for reappointment of Mr. Malav ....22 Jul 2026 · Company Update / Newspaper Publication
The Scrutinizer Report with Voting Results as per Regulation 30 and 44(3) of the SEBI (LODR) Regulations, 2015 and Reg 11(4) of SEBI (Delisting of Equity Shares) Regulations, 2021 are attached ....10 Jul 2026 · AGM/EGM / Postal Ballot
Outcome of the Postal Ballot E-voting Results under Regulation 30 and 44(3) of the SEBI (LODR) Regulations 2015 and 11(4) of the SEBI (Delisting of Equity Shares) Regulations, 2021 is attached. ....10 Jul 2026 · AGM/EGM / Postal Ballot
In accordance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, shareholders approval was sought ....10 Jul 2026 · Company Update / Change in Management
Please find enclosed9 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window.30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Notice published in Newspaper regarding shares to be transferred to IEPF.22 Jun 2026 · Company Update / Newspaper Publication
Newspaper Publication of Postal Ballot Notice.11 Jun 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Dividend - Rs. - 1.0000	4 Sep 2026	4 Sep 2026	—
Final Dividend - Rs. - 1.0000	18 Jul 2025	18 Jul 2025	—
Final Dividend - Rs. - 1.0000	19 Jul 2024	19 Jul 2024	—

Board meetings

14 Aug 2026 Board Meeting - Financial Results