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- Indian - auto ancillaries
- HI-TECH GEARS - VARROC ENGINEERING
HI-TECH GEARS vs VARROC ENGINEERING - Comparison Results
Current Valuations
| HI-TECH GEARS | VARROC ENGINEERING | HI-TECH GEARS/ VARROC ENGINEERING |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 25.4 | 15.6 | 163.4% | View Chart |
| P/BV | x | 3.1 | 5.2 | 59.3% | View Chart |
| Dividend Yield | % | 0.7 | 0.0 | - |
Financials
 HI-TECH GEARS  VARROC ENGINEERING |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| HI-TECH GEARS Mar-24 |
VARROC ENGINEERING Mar-24 |
HI-TECH GEARS/ VARROC ENGINEERING |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 798 | 631 | 126.5% | |
| Low | Rs | 243 | 251 | 97.0% | |
| Sales per share (Unadj.) | Rs | 589.4 | 494.3 | 119.2% | |
| Earnings per share (Unadj.) | Rs | 60.8 | 36.2 | 168.1% | |
| Cash flow per share (Unadj.) | Rs | 93.4 | 58.2 | 160.4% | |
| Dividends per share (Unadj.) | Rs | 5.00 | 0 | - | |
| Avg Dividend yield | % | 1.0 | 0 | - | |
| Book value per share (Unadj.) | Rs | 247.9 | 98.0 | 253.0% | |
| Shares outstanding (eoy) | m | 18.78 | 152.79 | 12.3% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Price / Sales ratio | x | 0.9 | 0.9 | 99.1% | |
| Avg P/E ratio | x | 8.6 | 12.2 | 70.3% | |
| P/CF ratio (eoy) | x | 5.6 | 7.6 | 73.6% | |
| Price / Book Value ratio | x | 2.1 | 4.5 | 46.7% | |
| Dividend payout | % | 8.2 | 0 | - | |
| Avg Mkt Cap | Rs m | 9,777 | 67,341 | 14.5% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages/salary | Rs m | 1,967 | 8,092 | 24.3% | |
| Avg. sales/employee | Rs Th | 0 | 0 | - | |
| Avg. wages/employee | Rs Th | 0 | 0 | - | |
| Avg. net profit/employee | Rs Th | 0 | 0 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 11,069 | 75,519 | 14.7% | |
| Other income | Rs m | 99 | 421 | 23.6% | |
| Total revenues | Rs m | 11,168 | 75,941 | 14.7% | |
| Gross profit | Rs m | 2,269 | 8,034 | 28.2% | |
| Depreciation | Rs m | 612 | 3,368 | 18.2% | |
| Interest | Rs m | 378 | 1,939 | 19.5% | |
| Profit before tax | Rs m | 1,379 | 3,149 | 43.8% | |
| Minority Interest | Rs m | 0 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 237 | -2,381 | -9.9% | |
| Profit after tax | Rs m | 1,143 | 5,530 | 20.7% | |
| Gross profit margin | % | 20.5 | 10.6 | 192.7% | |
| Effective tax rate | % | 17.2 | -75.6 | -22.7% | |
| Net profit margin | % | 10.3 | 7.3 | 141.0% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 4,332 | 16,951 | 25.6% | |
| Current liabilities | Rs m | 3,110 | 21,587 | 14.4% | |
| Net working cap to sales | % | 11.0 | -6.1 | -179.8% | |
| Current ratio | x | 1.4 | 0.8 | 177.4% | |
| Inventory Days | Days | 9 | 32 | 27.4% | |
| Debtors Days | Days | 66 | 24 | 278.0% | |
| Net fixed assets | Rs m | 4,925 | 26,687 | 18.5% | |
| Share capital | Rs m | 188 | 153 | 122.9% | |
| "Free" reserves | Rs m | 4,468 | 14,818 | 30.2% | |
| Net worth | Rs m | 4,656 | 14,970 | 31.1% | |
| Long term debt | Rs m | 1,435 | 6,517 | 22.0% | |
| Total assets | Rs m | 9,257 | 43,637 | 21.2% | |
| Interest coverage | x | 4.7 | 2.6 | 177.3% | |
| Debt to equity ratio | x | 0.3 | 0.4 | 70.8% | |
| Sales to assets ratio | x | 1.2 | 1.7 | 69.1% | |
| Return on assets | % | 16.4 | 17.1 | 96.0% | |
| Return on equity | % | 24.5 | 36.9 | 66.4% | |
| Return on capital | % | 28.8 | 23.7 | 121.8% | |
| Exports to sales | % | 20.7 | 2.9 | 706.9% | |
| Imports to sales | % | 0.8 | 3.6 | 21.3% | |
| Exports (fob) | Rs m | 2,294 | 2,214 | 103.6% | |
| Imports (cif) | Rs m | 84 | 2,706 | 3.1% | |
| Fx inflow | Rs m | 2,294 | 2,274 | 100.9% | |
| Fx outflow | Rs m | 523 | 3,705 | 14.1% | |
| Net fx | Rs m | 1,771 | -1,432 | -123.7% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 1,175 | 6,385 | 18.4% | |
| From Investments | Rs m | 1,433 | -1,665 | -86.1% | |
| From Financial Activity | Rs m | -2,802 | -6,641 | 42.2% | |
| Net Cashflow | Rs m | -195 | -1,919 | 10.1% | |
Share Holding
| Indian Promoters | % | 56.2 | 75.0 | 75.0% | |
| Foreign collaborators | % | 0.0 | 0.0 | - | |
| Indian inst/Mut Fund | % | 0.0 | 16.5 | 0.1% | |
| FIIs | % | 0.0 | 3.8 | - | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 43.8 | 25.0 | 175.1% | |
| Shareholders | 11,841 | 99,500 | 11.9% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
Compare HI-TECH GEARS With: BOSCH TALBROS AUTO GNA AXLES GABRIEL INDIA FIEM INDUSTRIES
More on HI-TECH GEARS vs VARROC ENGINEERING
No comparison is complete without understanding how the stock prices have performed over a period of time.
Here's a brief comparison:
HI-TECH GEARS vs VARROC ENGINEERING Share Price Performance
| Period | HI-TECH GEARS | VARROC ENGINEERING |
|---|---|---|
| 1-Day | 0.33% | 0.64% |
| 1-Month | -1.06% | -3.97% |
| 1-Year | 67.19% | -7.08% |
| 3-Year CAGR | 52.48% | 19.67% |
| 5-Year CAGR | 34.95% | 2.73% |
* Compound Annual Growth Rate
Here are more details on the HI-TECH GEARS share price and the VARROC ENGINEERING share price.
Moving on to shareholding structures...
The promoters of HI-TECH GEARS hold a 56.2% stake in the company. In case of VARROC ENGINEERING the stake stands at 75.0%.
To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of HI-TECH GEARS and the shareholding pattern of VARROC ENGINEERING.
Finally, a word on dividends...
In the most recent financial year, HI-TECH GEARS paid a dividend of Rs 5.0 per share. This amounted to a Dividend Payout ratio of 8.2%.
VARROC ENGINEERING paid Rs 0.0, and its dividend payout ratio stood at 0.0%.
You may visit here to review the dividend history of HI-TECH GEARS, and the dividend history of VARROC ENGINEERING.
For a sector overview, read our auto ancillaries sector report.
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