Hitech Corporation
- 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.
- 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.
- 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.
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- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A | Stable | 20 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 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 2026 | Financial Results | To consider and approve the Standalone and Consolidated financial results for the period ended Jun 30, 2026 |
| 9 Jun 2026 | Voluntary Delisting | To consider voluntary delisting |
| 20 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 10 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 10 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 8 Aug 2025 | Financial Results | To consider and approve the audited standalone and unaudited consolidated financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Mar 2015 | Jun 2015 | Sep 2015 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 96 | 103 | 108 | 143 | 147 | 123 | 149 | 165 | 164 | 145 | 166 | 226 |
| Expenses | 90 | 92 | 95 | 126 | 130 | 110 | 134 | 144 | 144 | 132 | 145 | 203 |
| Operating Profit | 6 | 11 | 13 | 16 | 17 | 13 | 16 | 20 | 20 | 13 | 21 | 23 |
| 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 Income | 0 | 0 | 0 | 2 | 0 | 1 | −0 | 0 | 0 | −2 | 4 | 1 |
| Interest | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| Depreciation | 5 | 4 | 4 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 |
| Profit before tax | −1 | 4 | 7 | 5 | 4 | 1 | 2 | 7 | 6 | −3 | 10 | 9 |
| 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 | −0 | 3 | 5 | 4 | 3 | 1 | 1 | 5 | 4 | −3 | 9 | 7 |
| EPS in Rs | 0.11 | 2.11 | 3.24 | 2.26 | 1.62 | 0.73 | 0.59 | 2.77 | 2.43 | −1.53 | 5.18 | 4.14 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- 20%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- 77%
- 10 Years
- 8%
- 5 Years
- 10%
- 3 Years
- 11%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Hitech Corporation | ₹ 410.50 | ₹ 702 Cr. | 37x | 2.5x | 6% | — |
| EPL | ₹ 221.40 | ₹ 7,080 Cr. | 18.6x | 2.7x | 14.9% | 8.3% |
| AGI Greenpac | ₹ 686.05 | ₹ 4,441 Cr. | 12.7x | 1.9x | 15.6% | 13.2% |
| Uflex | ₹ 555.20 | ₹ 4,015 Cr. | 9.5x | 0.4x | 4.1% | 2.1% |
| TCPL Packaging | ₹ 3,842.10 | ₹ 3,489 Cr. | 27.3x | 4.1x | 14.4% | 5.4% |
| Mold-Tek Packaging | ₹ 290.00 | ₹ 966 Cr. | 32x | 3.4x | 11% | 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.