Hitech Corporation Ltd

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223.40-0.30 (-0.13%)

03:40 PM,1st Mar 2024

227.953.95 (1.76%)

04:01 PM,1st Mar 2024

BSE : 526217


Sector : Industrials

ISIN Code : INE120D01012

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)


Face Value


52-WK High


52-WK High Date

06 Nov 2023

52-WK Low


52-WK Low Date

31 Mar 2023

All Time High


All Time High Date

05 Apr 2022

All Time Low


All Time Low Date

19 Mar 2009

Hitech Corporation Ltd

Hitech Corporation Ltd (Formerly known as Hi-Tech Plast Limited) incorporated in October 1991 is a leading manufacturer of rigid plastic packaging solutions for a variety of customer segments from industries such as paints and coatings agrochemicals personal care home care pharmaceuticals food & beverage and oils & lubricants. Presently the Company is engaged in the manufacturing of rigid plastic containers specially catering to customers relating to Paints Lube agro chemical FMCG personal and health care and home care product as well as export market. As at March 31 2023 Geetanjali Trading & Investments Private Limited the holding company owned 69.11% of the Company's equity share capital.The new manufacturing unit at Masat Silvassa Dadra & Nagar Havelli commenced its commercial production in April 2003. Plastic & Precision Machinefabrik Limited (PPMF) was amalgamated with the Company effective from 1st April 2003 through the Scheme of Amalgamation. Similarly the Company's wholly owned subsidiary Multitech Plast Containers Limited was amalgamated with the Company with effect from 1st April 2005. During year 2004-05 the Company purchased the remaining equity shares of Multitech Plast Containers Limited and Clear Plastics Limited thereby making them the wholly owned subsidiaries of the Company. The new manufacturing unit in Rohtak Haryana commenced its commercial production in April 2010. After commissioning of manufacturing unit in Rohtak the Company expanded installed capacities in the year 2011-12. All these expansions started commercial production costing Rs 14 Crores. Further it started commercial production at new Khandala Unit in Satara District of Maharashtra on 30th March 2013.During the year 2014-15 through the Scheme of Amalgamation Clear Mipak Packaging Solutions Limited (CMPSL) a subsidiary of the Company was merged into the Company which came into effect from 1st April 2014 and accordingly CMPSL ceased to be the subsidiary of the Company. The Rebuilding of factory operation at Rohtak resumed in March 2017. The Company set up a a facility for manufacturing rigid plastic containers at Mysuru Karnataka and commenced commercial production at the said plant from end ofSeptember 2018. Similarly during the year 2018-19 it commenced construction work at Vizag for manufacturing rigid plasticcontainers and commenced commercial production in the month of August 2019.As a part of its consolidation initiative the manufacturing facility of the Company situated at Galonda (Dadra & Nagar Haveli) was shifted and merged with the unit situated at Naroli (Dadra & Nagar Haveli) by transfer of Plant and Machinery and other accessories with effect from October 1 2018. Similarly Technology Centre at Chinchwad Pune was shifted to a separate unit situated within the plant premises at Sanaswadi. The manufacturing operations of the Company's unit situated at Baddi Himachal Pradesh resumed operations to normalcy in the month of October 2019.

Hitech Corporation Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 10
Latest Dividend (%)10.00
Latest Dividend Date 30 Jun 2023
Dividend Yield (%) 0.45
Book Value Share (₹) [S]148.09
P/B Ratio (₹) [S]1.51
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Nippon India Small Cap Fund (G) 1.39 117231 0.11
Nippon India Small Cap Fund (B) 1.39 117231 0.11
Nippon India Small Cap Fund - Direct (B) 1.39 117231 0.11
Nippon India Small Cap Fund - Direct (G) 1.39 117231 0.11

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High



Week Low/High



Month Low/High



Year Low/High



All time Low/High



Share Price Returns

1 Week-4.88%-5.10%0.820.57%
1 Month-8.37%-8.39%2.932.96%
3 Month-17.34%-17.58%9.2810.22%
6 Month-4.12%-5.30%12.7814.94%
1 Year12.49%12.06%24.1328.01%
3 Year64.26%63.18%47.9351.33%

Company Info

Company Information

Chairman (Non-Executive) : Ashwin S Dani

Independent Director : Harish N Motiwalla

Managing Director : Malav A Dani

Chairman (Non-Executive) : Jayendra Ratilal Shah

Whole-time Director : Mehernosh Adi Mehta

Independent Director : Bomi Pesi Chinoy

Independent Director : Aditya M Sheth

Independent Director : Kalpana Vithaldas Merchant

Company Sec. & Compli. Officer : Ashish Roongta

Vice Chairman : Ina A Dani

Non Executive Director : Prakash D Trivedi

Registered Office: Unit 201 2nd Flr Welspun House, S B Marg Lower Parel (W),Mumbai,Maharashtra-400013 Ph: 91-22-40016500