The Hi-Tech Gears Limited
The Hi-Tech Gears Limited manufactures and sells auto components for automobile manufacturers in India, the United States, and internationally. It offers transmission gears and shafts, driveline components, steering linkage, and power take off components for two wheelers, light vehicles, commercial vehicles, and off highway vehicles; and engine gears. The Hi-Tech Gears Limited was incorporated in… Read more
The Hi-Tech Gears Limited (HITECHGEAR) - Net Assets
Latest net assets as of September 2025: ₹4.99 Billion INR
Based on the latest financial reports, The Hi-Tech Gears Limited (HITECHGEAR) has net assets worth ₹4.99 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹8.13 Billion) and total liabilities (₹3.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹4.99 Billion |
| % of Total Assets | 61.37% |
| Annual Growth Rate | 14.07% |
| 5-Year Change | 50.77% |
| 10-Year Change | 146.68% |
| Growth Volatility | 19.32 |
The Hi-Tech Gears Limited - Net Assets Trend (2006–2025)
This chart illustrates how The Hi-Tech Gears Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Hi-Tech Gears Limited (2006–2025)
The table below shows the annual net assets of The Hi-Tech Gears Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹4.84 Billion | +3.74% |
| 2024-03-31 | ₹4.66 Billion | +31.52% |
| 2023-03-31 | ₹3.54 Billion | +7.16% |
| 2022-03-31 | ₹3.31 Billion | +3.12% |
| 2021-03-31 | ₹3.21 Billion | +16.11% |
| 2020-03-31 | ₹2.76 Billion | +1.65% |
| 2019-03-31 | ₹2.72 Billion | +12.83% |
| 2018-03-31 | ₹2.41 Billion | +19.54% |
| 2017-03-31 | ₹2.01 Billion | +2.78% |
| 2016-03-31 | ₹1.96 Billion | +7.91% |
| 2015-03-31 | ₹1.82 Billion | +3.09% |
| 2014-03-31 | ₹1.76 Billion | +5.98% |
| 2013-03-31 | ₹1.66 Billion | +6.69% |
| 2012-03-31 | ₹1.56 Billion | +26.10% |
| 2011-03-31 | ₹1.24 Billion | +25.56% |
| 2010-03-31 | ₹984.35 Million | +28.71% |
| 2009-03-31 | ₹764.81 Million | -8.44% |
| 2008-03-31 | ₹835.34 Million | +84.44% |
| 2007-03-31 | ₹452.90 Million | +14.18% |
| 2006-03-31 | ₹396.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Hi-Tech Gears Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 407258000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹4.07 Billion | 84.22% |
| Common Stock | ₹187.93 Million | 3.89% |
| Other Comprehensive Income | ₹568.16 Million | 11.75% |
| Other Components | ₹7.08 Million | 0.15% |
| Total Equity | ₹4.84 Billion | 100.00% |
The Hi-Tech Gears Limited Competitors by Market Cap
The table below lists competitors of The Hi-Tech Gears Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PPI Inc
KQ:062970
|
$30.08 Million |
|
Novatti Group Limited
PINK:NTTIF
|
$30.09 Million |
|
17 Education Technology Group Inc
NASDAQ:YQ
|
$30.10 Million |
|
Optipharm.CO.LTD
KQ:153710
|
$30.10 Million |
|
Seah Spe Steel
KO:019440
|
$30.07 Million |
|
Yufo Electronics Co Ltd
TWO:6194
|
$30.07 Million |
|
Franklin Wireless Corp
NASDAQ:FKWL
|
$30.05 Million |
|
Golden Eagle Energy Tbk
JK:SMMT
|
$30.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Hi-Tech Gears Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,661,530,000 to 4,835,750,000, a change of 174,220,000 (3.7%).
- Net income of 403,630,000 contributed positively to equity growth.
- Dividend payments of 93,890,000 reduced retained earnings.
- Share repurchases of 150,000 reduced equity.
- New share issuances of 150,000 increased equity.
- Other comprehensive income decreased equity by 122,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹403.63 Million | +8.35% |
| Dividends Paid | ₹93.89 Million | -1.94% |
| Share Repurchases | ₹150.00K | -0.0% |
| Share Issuances | ₹150.00K | +0.0% |
| Other Comprehensive Income | ₹-122.40 Million | -2.53% |
| Other Changes | ₹-13.12 Million | -0.27% |
| Total Change | ₹- | 3.74% |
Book Value vs Market Value Analysis
This analysis compares The Hi-Tech Gears Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 27.93x to 2.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹21.13 | ₹590.30 | x |
| 2007-03-31 | ₹24.13 | ₹590.30 | x |
| 2008-03-31 | ₹44.51 | ₹590.30 | x |
| 2009-03-31 | ₹40.75 | ₹590.30 | x |
| 2010-03-31 | ₹52.45 | ₹590.30 | x |
| 2011-03-31 | ₹65.85 | ₹590.30 | x |
| 2012-03-31 | ₹83.04 | ₹590.30 | x |
| 2013-03-31 | ₹88.60 | ₹590.30 | x |
| 2014-03-31 | ₹93.89 | ₹590.30 | x |
| 2015-03-31 | ₹96.80 | ₹590.30 | x |
| 2016-03-31 | ₹104.45 | ₹590.30 | x |
| 2017-03-31 | ₹107.35 | ₹590.30 | x |
| 2018-03-31 | ₹128.32 | ₹590.30 | x |
| 2019-03-31 | ₹144.79 | ₹590.30 | x |
| 2020-03-31 | ₹147.18 | ₹590.30 | x |
| 2021-03-31 | ₹170.90 | ₹590.30 | x |
| 2022-03-31 | ₹176.23 | ₹590.30 | x |
| 2023-03-31 | ₹188.63 | ₹590.30 | x |
| 2024-03-31 | ₹247.79 | ₹590.30 | x |
| 2025-03-31 | ₹257.47 | ₹590.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Hi-Tech Gears Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.38%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.66x
- Recent ROE (8.35%) is below the historical average (12.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 13.95% | 2.84% | 1.08x | 4.56x | ₹15.67 Million |
| 2007 | 18.39% | 3.09% | 1.36x | 4.37x | ₹38.02 Million |
| 2008 | 11.74% | 3.45% | 1.20x | 2.83x | ₹14.53 Million |
| 2009 | 7.64% | 1.98% | 1.31x | 2.94x | ₹-18.05 Million |
| 2010 | 18.11% | 5.52% | 1.35x | 2.44x | ₹79.82 Million |
| 2011 | 28.35% | 8.24% | 1.59x | 2.16x | ₹226.75 Million |
| 2012 | 27.02% | 8.47% | 1.44x | 2.22x | ₹265.29 Million |
| 2013 | 9.75% | 4.34% | 1.22x | 1.85x | ₹-4.14 Million |
| 2014 | 9.04% | 4.41% | 1.21x | 1.69x | ₹-16.96 Million |
| 2015 | 10.14% | 4.26% | 1.47x | 1.62x | ₹2.51 Million |
| 2016 | 10.80% | 4.70% | 1.42x | 1.61x | ₹15.61 Million |
| 2017 | 10.00% | 4.26% | 0.69x | 3.38x | ₹-80.60K |
| 2018 | 14.22% | 4.67% | 1.00x | 3.05x | ₹101.59 Million |
| 2019 | 13.09% | 4.00% | 1.03x | 3.19x | ₹84.04 Million |
| 2020 | 3.00% | 1.17% | 0.89x | 2.86x | ₹-193.47 Million |
| 2021 | 8.98% | 3.88% | 0.80x | 2.88x | ₹-32.87 Million |
| 2022 | -0.33% | -0.11% | 0.97x | 3.03x | ₹-341.76 Million |
| 2023 | 6.52% | 1.99% | 1.18x | 2.78x | ₹-123.29 Million |
| 2024 | 24.51% | 10.32% | 1.22x | 1.95x | ₹676.38 Million |
| 2025 | 8.35% | 4.38% | 1.15x | 1.66x | ₹-79.94 Million |
Industry Comparison
This section compares The Hi-Tech Gears Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $13,046,583,226
- Average return on equity (ROE) among peers: 17.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Hi-Tech Gears Limited (HITECHGEAR) | ₹4.99 Billion | 13.95% | 0.63x | $30.07 Million |
| Apollo Tyres Limited (APOLLOTYRE) | $34.01 Billion | 18.01% | 1.52x | $1.47 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $816.27 Million |
| Automotive Stampings and Assemblies Limited (ASAL) | $562.65 Million | 17.77% | 2.25x | $18.73 Million |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $221.89 Million |
| Automotive Axles Limited (AUTOAXLES) | $3.02 Billion | 6.60% | 0.72x | $86.08 Million |
| Autoline Industries Limited (AUTOIND) | $1.39 Billion | 7.99% | 2.15x | $11.92 Million |
| Balkrishna Industries Limited (BALKRISIND) | $8.61 Billion | 22.59% | 1.53x | $1.99 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $286.08 Million |
| BELRISE INDUSTRIES LTD (BELRISE) | $20.45 Billion | 15.34% | 1.78x | $541.77 Million |
| Bharat Forge Limited (BHARATFORG) | $24.21 Billion | 12.59% | 2.14x | $5.17 Billion |