Hitech Corporation Limited, formerly known as Hitech Plast Limited, is a prominent India-based manufacturer specializing in rigid plastic packaging solutions. Incorporated in 1991 and headquartered in Mumbai, the company has established itself as a significant player in the packaging industry. Hitech Corporation Limited is the largest business within the Hitech group, founded by Mr. Ashwin Dani.
The company caters to a diverse clientele across various sectors, including paints, lube, agrochemicals, fast-moving consumer goods (FMCG), personal and health care, and home care products, along with serving the export market. With 13 pioneering manufacturing facilities and an in-house Design & Development centre, Hitech Corporation ensures timely delivery and seamless access to quality products for its expanding customer base.
The Company primarily operates within the Plastic Containers segment. It designs and develops a wide array of plastic packaging solutions, including popular items like plastic jars and containers of various capacities, with a significant focus on paints and coating packaging.
Hitech Corporation Limited manufactures, sells, and exports rigid plastic containers that find applications across numerous industry verticals, demonstrating its versatility in meeting diverse packaging requirements. Key sectors served include:
- Paints and Coatings
- Agrochemicals
- Personal Care
- Home Care
- Pharmaceuticals
- Food & Beverage
- Health Care
- Oils and Lubricants
As of May 26, 2025, Hitech Corporation Ltd holds a market capitalization of ₹328 Crore. While the company shows a revenue of ₹551 Crore for the trailing twelve months, recent financial performance indicates some challenges.
Recent Quarterly Performance (December 2024 vs. December 2023):
- Net Profit: Declined by 43.48% to ₹1.43 crore from ₹2.53 crore.
- Sales: Decreased by 4.87% to ₹123.00 crore from ₹129.30 crore.
Q4 FY25 Performance (as of March 2025):
- Revenue: ₹149.29 Crore
- Net Profit: ₹1.01 Crore
This performance highlights the company's continued operations amidst challenging market conditions.
The company's financial ratios offer insights into its operational efficiency and market valuation:
- PE Ratio: 22.05
- PB Ratio: 1.23
- Dividend Yield: 0.52%
- ROE: 8% (considered fair but has scope for improvement)
- Debt-to-Equity Ratio: 9% (indicating a healthy balance sheet)
The company's growth trajectory presents a mixed picture:
- Sales Growth: The company has delivered a poor sales growth of 4.01% over the past five years.
- Profit Growth: Despite revenue challenges, the company has achieved good profit growth of 22.6% CAGR over the last 5 years, suggesting improvements in operational efficiency.
- Return on Equity (ROE): The company has maintained a low return on equity of 11.2% over the last 3 years.
As of March 31, 2023, Geetanjali Trading & Investments Private Limited, the holding company, owned 69.11% of the Company's equity share capital.
- Promoter Holding: 74.4% (indicating a strong promoter base, providing operational stability).
Key Management Personnel:
- Chairman: Jayendra Ratilal Shah
- Company Secretary: Hetali Mehta
Hitech Corporation Ltd has strategically expanded its manufacturing footprint. A significant development was the commencement of commercial production at its new manufacturing unit in Masat, Silvassa, Dadra & Nagar Havelli in April 2003.
Furthermore, the amalgamation of Plastic & Precision Machinefabrik Limited (PPMF) with the Company, effective from April 1, 2003, has enabled enhanced operational efficiency and broadened its product capabilities.
Hitech Corporation Ltd operates within a competitive packaging industry. Its peers include:
- Inox India Ltd
- Garware Hi Tech Films Ltd
- EPL Ltd
- AGI Greenpac Ltd
- Uflex Ltd
- Polyplex Corporation Ltd
- TCPL Packaging Ltd
Continuous innovation and operational excellence are crucial for the company to maintain its market position.
The stock is listed and actively traded on both the NSE and BSE under the symbol HITECHCORP, ensuring liquidity for investors.
- 52-Week High: ₹351.35
- 52-Week Low: ₹160.00
This range reflects the typical volatility observed in mid-cap stocks within the packaging sector.
