Hitech Corporation Limited (HITECHCORP.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-42.7%

₹235.21

vs ₹410.50 price

Levered DCF

₹115.19

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	12.93×	35.53×	16.43×	9.3×	10.48×	12.55×	35.44×	11.31×
P/B	0.69×	1.17×	1.37×	1.08×	1.81×	1.17×	0.5×	1.13×
P/S	0.31×	0.57×	0.64×	0.47×	0.67×	0.48×	0.18×	0.4×
EV / EBITDA	4.24×	6.71×	5.96×	4.06×	5.08×	5.49×	4.65×	6.39×
Gross margin	25.9%	11.1%	13.5%	37.3%	36.7%	40.4%	40.1%	37.9%
Operating margin	5.4%	4.8%	7.9%	7.9%	9.7%	7.8%	6.9%	6.7%
Net margin	2.4%	1.6%	3.9%	5.1%	6.4%	3.8%	0.5%	3.6%
Current ratio	1.25×	0.99×	1.13×	1.19×	1.03×	0.82×	0.77×	0.9×
Debt / equity	0.48×	0.43×	0.31×	0.26×	0.46×	0.77×	1.11×	1.11×
Interest coverage	1.87×	1.67×	3.1×	3.22×	3.51×	1.81×	1.34×	1.55×
Dividend yield	0.9%	0.5%	0.5%	0.7%	0.6%	1.5%	5.1%	2.6%
Payout ratio	11.4%	19.3%	7.9%	6.2%	6.5%	19.2%	181.8%	29.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.3%	3.3%	8.4%	11.6%	17.2%	9.3%	1.4%	10.0%
Return on invested capital	6.3%	5.1%	9.2%	10.7%	13.0%	8.0%	5.8%	5.6%
Return on assets	3.1%	2.0%	5.7%	8.3%	10.6%	4.6%	0.6%	4.1%
Free cash flow yield	-5.3%	-6.4%	0.9%	19.2%	13.7%	22.3%	36.4%	0.4%
Earnings yield	7.7%	2.8%	6.1%	10.8%	9.5%	8.0%	2.8%	8.8%
Enterprise value	₹3.3B	₹4.3B	₹4.4B	₹3.2B	₹4.9B	₹3.5B	₹2.7B	₹3.7B
Net debt / EBITDA	1.7×	1.78×	1.08×	0.76×	1.02×	2.18×	3.19×	3.16×
Cash conversion cycle (days)	70	54	52	50	52	66	64	81