Hitech Corporation

NSE: HITECHCORPBSE: 526217
Compare with peers
₹ 410.50▼ 2.35 (−0.57%)28 Oct, 02:34 pm IST
Market cap
₹ 702 Cr.
P/E
37x
P/B
2.48x
52-week range
112 – 424.5
ROE
6%
ROCE
10%
Dividend yield
0.2%
Debt / equity
0.48
Sector
Industrial Products
Industry
Packaging
Listed on
NSE, BSE

About

Hitech Corporation Limited is an India-based manufacturer of rigid plastic packaging for various industries. The Company specializes in delivering plastic packaging solutions, tailored to meet a variety of needs. Its product portfolio includes both generic and custom products, ranging from pails spanning one liter to 20 liters, bottles from five milliliters (ml) to five liters, to drums accommodating up to 250 liters. It serves various markets, including food and beverages, personal care, home care, pharmaceuticals, paint and varnishes, construction chemicals, agro chemicals, oils and lubricants, and dairy. Its products include bottles, jars, cans, caps and closures, pails, drums, and custom enhancements. Its bottle products include dairy bottle 200 ml, talcum bottle 100 grams (gm) and talcum bottle 500 gm. Its can products include waterproofing chemical can five liters, chemical can five liters and agro can five liters. Its drum products include drum 60 liters and drum 225 liters.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Packaging: 96 companies →

Hitech Corporation against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)37 against a typical 18: pricier than most peers (1st = cheapest).71st of 95
  • Sales growth+36.9% against a typical +22.9% from a year earlier.24th of 74
  • Profit growth+49.7% against a typical +25.3% from a year earlier.22nd of 68
  • Share price, 3 months+29% against a typical −3.6%.13th of 87
  • Size₹ 702.2 Cr. market value against a typical ₹ 116.3 Cr. (1st = largest).19th of 88

Latest announcements

Exchange filings and their impact on the company.

  • 15 Oct 2026General UpdatesHigh impactPositivePrice +5% that day
    Delisting declared successful; public shares to be bought out and stock to delist.

    Hitech Corporation received the post-offer public announcement dated 15 October 2026 for delisting of its equity shares under SEBI Delisting Regulations. The filing follows the 13 October reverse book-building outcome disclosure and indicates the delisting offer was successful at a discovered price around Rs 350. If completed, promoters will buy out public shareholders and the stock will be delisted, giving investors a premium exit but ending listed trading.

    Filing
  • 13 Oct 2026General UpdatesHigh impactPositivePrice +5% on 14 Oct
    Reverse book-building outcome announced, keeping voluntary delisting and premium exit in play.

    Hitech Corporation said it received the reverse book-building outcome on 13 October 2026 from Kreo Capital for the proposed voluntary delisting of its Rs 10 shares from BSE and NSE. The extracted filing does not show the discovered price or shares tendered from the enclosed manager letter. If the acquirer accepts the discovered price, public shareholders would get a delisting exit, likely at a premium to the around Rs 353 market price, before the shares are delisted.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A by CRISIL
A
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil AStable20 Aug 2026
Credit rating actions
RatingDetails
20 Aug 2026
Reaffirmed
Crisil A—CRISIL₹ 225 Cr.
3 Jun 2026
Rating action
Crisil A—CRISIL₹ 225 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
14 Aug 2026Financial ResultsTo consider and approve the Standalone and Consolidated financial results for the period ended Jun 30, 2026
9 Jun 2026Voluntary DelistingTo consider voluntary delisting
20 May 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
10 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
10 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
8 Aug 2025Financial ResultsTo consider and approve the audited standalone and unaudited consolidated financial results for the period ended Jun 30, 2025

Share price

1M change +20.22%
2 of 2 filing days came with a big price moveBiggest +5% on 14 Oct 2026AI reading matched the move 2 of 2
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Mar 2015Jun 2015Sep 2015Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales96103108143147123149165164145166226
Expenses909295126130110134144144132145203
Operating Profit61113161713162020132123
OPM %6.2%10.7%12.3%11.3%11.5%10.6%10.6%12.4%12.1%8.8%12.9%10.2%
Other Income000201−000−241
Interest333444455555
Depreciation544999101010101010
Profit before tax−147541276−3109
Tax %−87%29.4%20.3%25.1%29.7%−19.1%38.2%27.4%26.5%−20.9%13.2%23.4%
Net Profit−035431154−397
EPS in Rs0.112.113.242.261.620.730.592.772.43−1.535.184.14

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
—
3 Years
—
TTM
20%
Compounded Profit Growth
10 Years
—
5 Years
—
3 Years
—
TTM
77%
Stock Price CAGR
10 Years
8%
5 Years
10%
3 Years
11%
TTM
—
Return on Equity
10 Years
—
5 Years
—
3 Years
—
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
74.44%
0 pts in a year
FIIs
0%
−0.12 pts in a year
DIIs
0.13%
+0.09 pts in a year
Government
0.02%
0 pts in a year
Public
25.41%
+0.03 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 37xEPS (12 months) ₹ 11.06Median P/E 18.8x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Hitech Corporation₹ 410.50₹ 702 Cr.37x2.5x6%—
EPL₹ 221.40₹ 7,080 Cr.18.6x2.7x14.9%8.3%
AGI Greenpac₹ 686.05₹ 4,441 Cr.12.7x1.9x15.6%13.2%
Uflex₹ 555.20₹ 4,015 Cr.9.5x0.4x4.1%2.1%
TCPL Packaging₹ 3,842.10₹ 3,489 Cr.27.3x4.1x14.4%5.4%
Mold-Tek Packaging₹ 290.00₹ 966 Cr.32x3.4x11%8.2%

Management

Mugdha Amol Khare
Chief Financial Officer
Hetali Harish Mehta
Compliance Officer, Company Secretary
Malav Ashwin Dani
Managing Director, Executive Director
Mehernosh Adi Mehta
Whole Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.