India's Richest People 2026 edition · 1 director · Source: Hurun India
- #48 Ina Ashwin Dani & Family ₹55,300 Cr
Market Cap
₹698 Cr
HITECHCORP · NSE
Share Price
₹411.20
+1.26% today
Revenue
₹640 Cr
FY 2025-26 · +14.1% YoY
EBITDA
₹73.21 Cr
Margin 11.4%
Net Profit
₹16.16 Cr
FY 2025-26 · +103.3% YoY
P/E (TTM)
36.7x
P/B 2.5x
Authorised capital
₹60.5 Cr
Registered with MCA
Paid-up capital
₹17.18 Cr
Issued & subscribed
About Hitech Corporation Limited
Data last updated:
Hitech Corporation Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Geetanjali Trading And Investments Private Limited. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 16 October 1991 and has been in existence for over 35 years.
Its director Ina Ashwin Dani and Family is #48 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L28992MH1991PLC168235. Its GSTIN is 27AAACH5161N1ZC (Maharashtra). The company holds 13 GST registrations, of which 10 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 526217 and NSE: HITECHCORP.
The company has an authorised share capital of ₹60.5 Cr and a paid-up capital of ₹17.18 Cr. It was formerly known as Hitech Plast Limited. It is led by directors including Malav Ashwin Dani (Managing Director) and Mehernosh Adi Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹640.4 Cr, a growth of 14.1% compared to the previous year. For the same year it recorded a net profit of ₹16.16 Cr (net margin 2.5%) and EBITDA of ₹73.21 Cr (EBITDA margin 11.4%). The net worth stands at ₹284.65 Cr (up 5.2% YoY). Total assets are valued at ₹439.51 Cr (up 10.7% YoY).
The company has about 462 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hitech. As per MCA filings, the company has open charges of ₹353.51 Cr and satisfied charges of ₹182.23 Cr on record. Court records list 86 cases involving the company, including 63 filed by the company and 24 filed against it; 9 cases are pending. The company has 16 deals on record (9 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹52.89 Cr; the latest was in March 2022. Its 6 peer companies in the Manufacturing industry (Bottles and Caps, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Micro Plastics Private Limited with revenue of ₹574.76 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hitechgroup.com.
Company details
CIN L28992MH1991PLC168235
Registration Number 168235
Incorporation Date 16 October 1991
ROC Mumbai
Listing Status Listed - Listed on NSE (HITECHCORP); Listed on BSE (526217)
Company Status Active
Date of Last AGM 24 July 2025
Date of Balance Sheet 31 March 2026
Parent Company Geetanjali Trading And Investments Private Limited
Compliance Status Active Compliant
CIN history
Hitech Corporation has one previous CIN (Corporate Identification Number): U28992MH1991PLC168235. The current CIN is L28992MH1991PLC168235, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28992MH1991PLC168235 | Current |
| U28992MH1991PLC168235 | Previous |
Key People
Malav Ashwin Dani Managing Director Mehernosh Adi Mehta Whole-Time Director Jayendra Ratilal Shah Director Recognitions & Rankings of Hitech Corporation
Contact details
Hitech Corporation Limited's registered office is in Mumbai, Maharashtra. Its website is hitechgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 201 2nd Floor Welspun House Kamala City Senapati Bapat Marg Lower, Parel, Mumbai, Maharashtra, India – 400013
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Hitech Corporation Limited, buy the company report.
Comprehensive company report
Hitech Corporation Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included
Brands
Hitech Corporation operates one associated brand: Hitech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multiple industries are operated across by the diversified conglomerate. | hitechgroup.com |
Business activity
The main business activity of Hitech Corporation is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Hitech Corporation Limited, buy the company report.
Financials of Hitech Corporation Limited
FY 2025-26 filings availableHitech Corporation Limited reported revenue of ₹640.4 Cr (up 14.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹640 Cr
+14.1% YoY
EBITDA
₹73.21 Cr
+21.7% YoY
Profit After Tax
₹16.16 Cr
+103.3% YoY
Net Worth
₹285 Cr
+5.2% YoY
Total Assets
₹440 Cr
+10.7% YoY
Total Debt
₹137 Cr
+17.2% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2013-14 | FY 2012-13 | FY 2011-12 | FY 2010-11 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 640 | 561 | 460 | 439 | 386 | 345 |
| Revenue growth | +14.1% | - | +4.6% | +14.0% | +11.8% | - |
| EBITDA | 73.21 | 60.18 | 48.64 | 46.19 | 45.51 | 46.36 |
| EBITDA margin | +11.4% | +10.7% | +10.6% | +10.5% | +11.8% | +13.4% |
| Profit before tax | 19.12 | 11.83 | 13.46 | 12.62 | 13.89 | 22.48 |
| Net profit | 16.16 | 7.95 | 6.40 | 9.00 | 10.40 | 14.24 |
| Net profit margin | +2.5% | +1.4% | +1.4% | +2.1% | +2.7% | +4.1% |
| EPS (₹) | 8.84 | 5.20 | 4.67 | 6.59 | 7.81 | 10.68 |
| Balance sheet | ||||||
| Total assets | 440 | 397 | 228 | 229 | 235 | 205 |
| Net worth | 285 | 271 | 99.58 | 94.61 | 88.04 | 79.67 |
| Total debt | 137 | 117 | 97.27 | 105 | 118 | 96.27 |
| Cash & bank | 7.98 | 2.45 | 3.18 | 6.37 | 8.59 | 5.69 |
| Net working capital | 116 | 68.57 | 90.98 | 81.58 | 95.92 | 84.85 |
| Cash flow | ||||||
| Cash from operations | 43.81 | 48.10 | 29.73 | 57.63 | 33.35 | 20.81 |
| Cash from investing | (47.40) | (60.67) | (6.32) | (25.77) | (32.97) | (37.35) |
| Cash from financing | 6.61 | 14.20 | (26.60) | (34.08) | 2.52 | 16.19 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 226 | 166 | 145 | 164 | 165 | 149 | 123 | 147 |
| Revenue growth (YoY) | +36.9% | +11.2% | +18.0% | +12.2% | +15.6% | - | - | - |
| Other income | 1.33 | 3.56 | 0.47 | 0.48 | 0.41 | 1.26 | 0.97 | 0.36 |
| EBITDA | 23.01 | 21.36 | 10.79 | 19.93 | 20.48 | 14.21 | 13.05 | 16.76 |
| EBITDA margin | +10.2% | +12.9% | +7.4% | +12.1% | +12.4% | +9.5% | +10.6% | +11.4% |
| Depreciation | 10.04 | 10.02 | 10.00 | 9.93 | 9.76 | 9.63 | 9.06 | 9.09 |
| Interest | 5.02 | 4.66 | 4.57 | 4.82 | 4.59 | 4.20 | 3.90 | 4.10 |
| Profit before tax | 9.28 | 10.24 | (3.31) | 5.66 | 6.54 | 1.64 | 1.06 | 3.93 |
| Tax | 2.17 | 1.35 | (0.69) | 1.50 | 1.79 | 0.63 | (0.20) | 1.17 |
| Net profit | 7.11 | 8.89 | (2.62) | 4.16 | 4.75 | 1.01 | 1.26 | 2.76 |
| EPS (₹) | 4.14 | 5.17 | (1.52) | 2.43 | 2.76 | 0.59 | 0.73 | 1.62 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 584 | 549 | 562 | 559 | 588 | 447 | 460 |
| Revenue growth | +6.3% | -2.2% | +0.6% | -5.1% | +31.6% | -2.8% | - |
| EBITDA | 62.72 | 58.20 | 71.95 | 72.68 | 85.79 | 64.08 | 56.57 |
| EBITDA margin | +10.7% | +10.6% | +12.8% | +13.0% | +14.6% | +14.3% | +12.3% |
| Profit before tax | 9.14 | 10.32 | 30.01 | 37.36 | 50.38 | 22.33 | 3.59 |
| Net profit | 9.02 | 6.97 | 21.66 | 24.97 | 30.02 | 12.78 | 3.74 |
| Net profit margin | +1.5% | +1.3% | +3.9% | +4.5% | +5.1% | +2.9% | +0.8% |
| EPS (₹) | 4.67 | 4.65 | 12.81 | 16.49 | 21.77 | 9.87 | 1.37 |
| Balance sheet | |||||||
| Total assets | 429 | 393 | 351 | 312 | 320 | 333 | 350 |
| Net worth | 276 | 270 | 263 | 243 | 217 | 182 | 188 |
| Total debt | 136 | 114 | 80.39 | 63.04 | 98.86 | 148 | 161 |
| Cash & bank | 0.56 | 0.46 | 0.82 | 2.55 | 0.96 | 0.86 | 0.84 |
| Net working capital | 101 | 61.83 | 59.13 | 61.22 | 60.74 | 56.27 | 59.77 |
| Cash flow | |||||||
| Cash from operations | 37.27 | 46.95 | 54.57 | 69.33 | 72.68 | 64.83 | 56.34 |
| Cash from investing | (45.33) | (63.74) | (48.21) | (15.92) | (5.91) | (8.94) | (24.64) |
| Cash from financing | 8.07 | 16.43 | (8.07) | (51.77) | (65.06) | (52.24) | (31.10) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 211 | 152 | 132 | 148 | 153 | 137 | 123 | 147 |
| Revenue growth (YoY) | +38.0% | +10.4% | +6.9% | +1.2% | +7.2% | - | - | - |
| Other income | 1.14 | 2.42 | 0.21 | 0.17 | 0.38 | 1.20 | 0.97 | 0.36 |
| Total expenses | 189 | 133 | 122 | 132 | 135 | 126 | 110 | 130 |
| EBITDA | 21.43 | 18.52 | 9.47 | 16.04 | 18.04 | 11.76 | 13.22 | 16.91 |
| EBITDA margin | +10.2% | +12.2% | +7.2% | +10.8% | +11.8% | +8.6% | +10.7% | +11.5% |
| Depreciation | 9.60 | 9.52 | 9.49 | 9.42 | 9.31 | 9.19 | 9.06 | 9.09 |
| Interest | 4.98 | 4.62 | 4.47 | 4.80 | 4.49 | 4.11 | 3.90 | 4.10 |
| Profit before tax | 7.99 | 6.80 | (4.28) | 1.99 | 4.62 | (0.34) | 1.23 | 4.08 |
| Tax | 1.82 | 0.43 | (1.01) | 0.48 | 1.22 | 0.08 | (0.20) | 1.17 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 226 | 166 | 145 | 164 | 165 | 149 | 123 | 147 |
| Revenue growth (YoY) | +36.9% | +11.2% | +18.0% | +12.2% | +15.6% | - | - | - |
| Other income | 1.33 | 3.56 | 0.47 | 0.48 | 0.41 | 1.26 | 0.97 | 0.36 |
| EBITDA | 23.01 | 21.36 | 10.79 | 19.93 | 20.48 | 14.21 | 13.05 | 16.76 |
| EBITDA margin | +10.2% | +12.9% | +7.4% | +12.1% | +12.4% | +9.5% | +10.6% | +11.4% |
| Depreciation | 10.04 | 10.02 | 10.00 | 9.93 | 9.76 | 9.63 | 9.06 | 9.09 |
| Interest | 5.02 | 4.66 | 4.57 | 4.82 | 4.59 | 4.20 | 3.90 | 4.10 |
| Profit before tax | 9.28 | 10.24 | (3.31) | 5.66 | 6.54 | 1.64 | 1.06 | 3.93 |
| Tax | 2.17 | 1.35 | (0.69) | 1.50 | 1.79 | 0.63 | (0.20) | 1.17 |
| Net profit | 7.11 | 8.89 | (2.62) | 4.16 | 4.75 | 1.01 | 1.26 | 2.76 |
| EPS (₹) | 4.14 | 5.17 | (1.52) | 2.43 | 2.76 | 0.59 | 0.73 | 1.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2013-14 | FY 2012-13 | FY 2011-12 | FY 2010-11 |
|---|---|---|---|---|---|---|
| Revenue | 640 | 561 | 460 | 439 | 386 | 345 |
| Revenue growth | +14.1% | - | +4.6% | +14.0% | +11.8% | - |
| Other income | 4.27 | 4.26 | 0.47 | 2.05 | 1.27 | 1.16 |
| Total expenses | 567 | 501 | 411 | 393 | 340 | 299 |
| Employee cost | 0.00 | 44.08 | 25.01 | 24.37 | 24.58 | 19.67 |
| EBITDA | 73.21 | 60.18 | 48.64 | 46.19 | 45.51 | 46.36 |
| EBITDA margin | +11.4% | +10.7% | +10.6% | +10.5% | +11.8% | +13.4% |
| Depreciation | 39.71 | 36.46 | 18.43 | 17.29 | 15.38 | 12.63 |
| Interest | 18.65 | 16.15 | 17.22 | 18.33 | 17.51 | 12.41 |
| Profit before tax | 19.12 | 11.83 | 13.46 | 12.62 | 13.89 | 22.48 |
| Tax | 3.95 | 2.89 | 5.39 | 2.25 | 3.48 | 6.35 |
| Net profit | 16.16 | 7.95 | 6.40 | 9.00 | 10.40 | 14.24 |
| Net profit margin | +2.5% | +1.4% | +1.4% | +2.1% | +2.7% | +4.1% |
| EPS (₹) | 8.84 | 5.20 | 4.67 | 6.59 | 7.81 | 10.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2013-14 | FY 2012-13 | FY 2011-12 | FY 2010-11 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 17.18 | 17.18 | 13.18 | 13.18 | 13.18 | 13.18 |
| Reserves & surplus | 267 | 254 | 86.40 | 81.43 | 74.86 | 66.49 |
| Shareholders' funds (net worth) | 285 | 271 | 99.58 | 94.61 | 88.04 | 79.67 |
| Minority interest | 0.00 | 0.00 | 30.92 | 29.19 | 27.84 | 27.95 |
| Secured loans | 130 | 107 | 50.03 | 68.59 | 94.45 | 86.00 |
| Unsecured loans | 7.13 | 10.11 | 47.24 | 36.11 | 23.78 | 10.27 |
| Total debt | 137 | 117 | 97.27 | 105 | 118 | 96.27 |
| Total liabilities | 440 | 397 | 228 | 229 | 235 | 205 |
| Assets | ||||||
| Gross block | 541 | 510 | 258 | 254 | 217 | 187 |
| Net block | 290 | 295 | 135 | 147 | 127 | 113 |
| Capital work in progress | 12.01 | 12.62 | 1.39 | 0.86 | 5.67 | 7.00 |
| Investments | 1.14 | 1.14 | 0.00 | 0.00 | 0.11 | 0.11 |
| Inventories | 71.71 | 51.27 | 33.73 | 27.04 | 38.19 | 42.40 |
| Sundry debtors | 71.77 | 54.56 | 72.99 | 61.45 | 62.37 | 57.80 |
| Cash & bank balances | 7.98 | 2.45 | 3.18 | 6.37 | 8.59 | 5.69 |
| Loans & advances | 12.73 | 11.16 | 14.54 | 15.56 | 11.89 | 10.54 |
| Total current assets | 164 | 119 | 124 | 110 | 121 | 116 |
| Total current liabilities | 47.97 | 50.87 | 33.46 | 28.84 | 25.12 | 31.58 |
| Net working capital | 116 | 68.57 | 90.98 | 81.58 | 95.92 | 84.85 |
| Total assets | 440 | 397 | 228 | 229 | 235 | 205 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2013-14 | FY 2012-13 | FY 2011-12 | FY 2010-11 |
|---|---|---|---|---|---|---|
| Opening cash | 2.26 | 0.64 | 6.37 | 8.59 | 5.69 | 6.04 |
| Net cash from operating activities | 43.81 | 48.10 | 29.73 | 57.63 | 33.35 | 20.81 |
| Net cash from investing activities | (47.40) | (60.67) | (6.32) | (25.77) | (32.97) | (37.35) |
| Net cash from financing activities | 6.61 | 14.20 | (26.60) | (34.08) | 2.52 | 16.19 |
| Net change in cash | 3.02 | 1.62 | (3.19) | (2.22) | 2.90 | (0.35) |
| Closing cash | 7.98 | 2.45 | 3.18 | 6.37 | 8.59 | 5.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2013-14 | FY 2012-13 | FY 2011-12 | FY 2010-11 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +14.1% | - | +4.6% | +14.0% | +11.8% | - |
| EBITDA growth | +21.7% | - | +5.3% | +1.5% | -1.8% | - |
| PBT growth | +61.6% | -12.1% | +6.7% | -9.1% | -38.2% | +9997.0% |
| Net income growth | +103.3% | - | -28.9% | -13.5% | -27.0% | - |
| Revenue CAGR (3Y) | +13.4% | +13.3% | +10.0% | - | - | - |
| EBITDA CAGR (3Y) | +16.6% | +9.8% | +1.6% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +2.4% | +1.6% | +1.8% | +2.4% | +2.7% | +4.7% |
| Return on capital employed | - | +6.7% | +14.4% | +13.3% | +14.3% | +19.2% |
| Return on net worth | - | +2.9% | +7.2% | +8.7% | +9.3% | +16.4% |
| Debt / equity | - | 0.43 | 0.90 | 0.93 | 0.96 | 0.84 |
| Long-term debt / equity | - | 0.20 | 0.31 | 0.32 | 0.25 | 0.32 |
| Interest cover | 55.67 | 68.09 | 57.00 | 63.43 | 58.11 | 36.79 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 1.10 | 1.98 | 2.06 | 2.07 | 2.28 |
| Inventory turnover | - | 10.95 | 16.66 | 14.84 | 10.39 | 10.76 |
| Debtors turnover | - | 10.29 | 7.53 | 7.82 | 6.97 | 7.22 |
| EPS (₹) | 8.84 | 5.20 | 4.67 | 6.59 | 7.81 | 10.68 |
| Dividend per share (₹) | 1.00 | 1.00 | 0.90 | 1.60 | 1.60 | 1.60 |
| Book value per share (₹) | 0.00 | 157.60 | 75.57 | 71.81 | 66.80 | 60.45 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 211 | 152 | 132 | 148 | 153 | 137 | 123 | 147 |
| Revenue growth (YoY) | +38.0% | +10.4% | +6.9% | +1.2% | +7.2% | - | - | - |
| Other income | 1.14 | 2.42 | 0.21 | 0.17 | 0.38 | 1.20 | 0.97 | 0.36 |
| Total expenses | 189 | 133 | 122 | 132 | 135 | 126 | 110 | 130 |
| EBITDA | 21.43 | 18.52 | 9.47 | 16.04 | 18.04 | 11.76 | 13.22 | 16.91 |
| EBITDA margin | +10.2% | +12.2% | +7.2% | +10.8% | +11.8% | +8.6% | +10.7% | +11.5% |
| Depreciation | 9.60 | 9.52 | 9.49 | 9.42 | 9.31 | 9.19 | 9.06 | 9.09 |
| Interest | 4.98 | 4.62 | 4.47 | 4.80 | 4.49 | 4.11 | 3.90 | 4.10 |
| Profit before tax | 7.99 | 6.80 | (4.28) | 1.99 | 4.62 | (0.34) | 1.23 | 4.08 |
| Tax | 1.82 | 0.43 | (1.01) | 0.48 | 1.22 | 0.08 | (0.20) | 1.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 584 | 549 | 562 | 559 | 588 | 447 | 460 |
| Revenue growth | +6.3% | -2.2% | +0.6% | -5.1% | +31.6% | -2.8% | - |
| Other income | 2.53 | 4.21 | 2.03 | 7.05 | 10.73 | 7.09 | 0.55 |
| Total expenses | 522 | 491 | 490 | 486 | 503 | 383 | 404 |
| Employee cost | 0.00 | 42.96 | 39.53 | 35.63 | 31.41 | 28.61 | 30.81 |
| EBITDA | 62.72 | 58.20 | 71.95 | 72.68 | 85.79 | 64.08 | 56.57 |
| EBITDA margin | +10.7% | +10.6% | +12.8% | +13.0% | +14.6% | +14.3% | +12.3% |
| Depreciation | 37.74 | 36.02 | 29.71 | 28.60 | 30.01 | 29.51 | 29.97 |
| Interest | 18.37 | 16.07 | 14.26 | 13.77 | 16.13 | 19.33 | 23.56 |
| Profit before tax | 9.14 | 10.32 | 30.01 | 37.36 | 50.38 | 22.33 | 3.59 |
| Tax | 1.12 | 2.34 | 8.02 | 9.03 | 12.99 | 5.38 | 1.22 |
| Net profit | 9.02 | 6.97 | 21.66 | 24.97 | 30.02 | 12.78 | 3.74 |
| Net profit margin | +1.5% | +1.3% | +3.9% | +4.5% | +5.1% | +2.9% | +0.8% |
| EPS (₹) | 4.67 | 4.65 | 12.81 | 16.49 | 21.77 | 9.87 | 1.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 17.18 | 17.18 | 17.18 | 17.18 | 17.18 | 17.18 | 39.53 |
| Reserves & surplus | 259 | 253 | 246 | 226 | 200 | 165 | 148 |
| Shareholders' funds (net worth) | 276 | 270 | 263 | 243 | 217 | 182 | 188 |
| Secured loans | 128 | 104 | 69.88 | 59.87 | 93.10 | 134 | 148 |
| Unsecured loans | 7.13 | 10.11 | 10.51 | 3.17 | 5.76 | 14.02 | 12.12 |
| Total debt | 136 | 114 | 80.39 | 63.04 | 98.86 | 148 | 161 |
| Total liabilities | 429 | 393 | 351 | 312 | 320 | 333 | 350 |
| Assets | |||||||
| Gross block | 517 | 486 | 440 | 387 | 377 | 357 | 355 |
| Net block | 270 | 273 | 256 | 228 | 245 | 251 | 276 |
| Capital work in progress | 11.87 | 12.62 | 14.79 | 6.43 | 2.11 | 3.14 | 1.65 |
| Investments | 27.56 | 28.52 | 1.14 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 67.89 | 48.82 | 42.07 | 37.48 | 43.59 | 38.70 | 34.82 |
| Sundry debtors | 61.16 | 44.97 | 42.34 | 36.57 | 43.03 | 44.15 | 43.21 |
| Cash & bank balances | 0.56 | 0.46 | 0.82 | 2.55 | 0.96 | 0.86 | 0.84 |
| Loans & advances | 13.09 | 12.23 | 9.86 | 10.59 | 3.99 | 3.44 | 9.92 |
| Total current assets | 143 | 106 | 95.09 | 87.19 | 91.57 | 87.15 | 88.79 |
| Total current liabilities | 41.58 | 44.65 | 35.96 | 25.97 | 30.83 | 30.88 | 29.02 |
| Net working capital | 101 | 61.83 | 59.13 | 61.22 | 60.74 | 56.27 | 59.77 |
| Total assets | 429 | 393 | 351 | 312 | 320 | 333 | 350 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.28 | 0.64 | 2.35 | 0.72 | (1.48) | (5.12) | (5.72) |
| Net cash from operating activities | 37.27 | 46.95 | 54.57 | 69.33 | 72.68 | 64.83 | 56.34 |
| Net cash from investing activities | (45.33) | (63.74) | (48.21) | (15.92) | (5.91) | (8.94) | (24.64) |
| Net cash from financing activities | 8.07 | 16.43 | (8.07) | (51.77) | (65.06) | (52.24) | (31.10) |
| Net change in cash | 0.01 | (0.36) | (1.71) | 1.63 | 1.71 | 3.64 | 0.60 |
| Closing cash | 0.56 | 0.46 | 0.82 | 2.55 | 0.96 | 0.86 | 0.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.3% | -2.2% | +0.6% | -5.1% | +31.6% | -2.8% | - |
| EBITDA growth | +7.8% | -19.1% | -1.0% | -15.3% | +33.9% | +13.3% | - |
| PBT growth | -11.4% | -65.6% | -19.7% | -25.8% | +125.6% | +522.0% | -86.0% |
| Net income growth | +29.4% | -67.8% | -13.3% | -16.8% | +134.9% | +241.7% | - |
| Revenue CAGR (3Y) | +1.5% | -2.3% | +7.9% | +6.7% | +8.4% | +4.8% | +7.8% |
| EBITDA CAGR (3Y) | -4.8% | -12.1% | +3.9% | +8.7% | +18.5% | +19.9% | +17.1% |
| Profitability & leverage | |||||||
| Net income margin | +1.4% | +1.5% | +3.9% | +5.1% | +6.4% | +3.8% | +0.5% |
| Return on capital employed | - | +6.7% | +13.4% | +14.8% | +17.2% | +10.4% | +8.7% |
| Return on net worth | - | +2.6% | +8.7% | +10.9% | +15.1% | +7.4% | +2.3% |
| Debt / equity | - | 0.37 | 0.28 | 0.35 | 0.62 | 0.83 | 0.86 |
| Long-term debt / equity | - | 0.13 | 0.06 | 0.07 | 0.20 | 0.35 | 0.46 |
| Interest cover | 73.54 | 72.45 | 33.76 | 31.24 | 28.92 | 55.92 | 88.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.19 | 1.36 | 1.46 | 1.60 | 1.26 | 1.43 |
| Inventory turnover | - | 12.09 | 14.12 | 13.78 | 14.30 | 12.16 | 12.31 |
| Debtors turnover | - | 12.59 | 14.24 | 14.04 | 13.50 | 10.24 | 9.27 |
| EPS (₹) | 4.67 | 4.65 | 12.81 | 16.49 | 21.77 | 9.87 | 1.37 |
| Dividend per share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| Book value per share (₹) | 0.00 | 157.03 | 153.37 | 141.60 | 126.31 | 106.01 | 96.26 |
To see the full year-wise statements and ratios of Hitech Corporation Limited, buy the company report.
Board of directors of Hitech Corporation Limited
Hitech Corporation has 10 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malav Ashwin Dani Also directs: Thriarr Polymers Private Limited, Avinash Holding and Trading Company Private Limited, Mefree LLP and 5 more | Managing Director | 01 Feb 2008 | 18 Years 8 Months | Current |
| Jayendra Ratilal Shah | Director | 29 Apr 2024 | 2 Years 5 Months | Current |
| Kalpana Vithaldas Merchant | Director | 27 Feb 2020 | 6 Years 7 Months | Current |
| Mehernosh Adi Mehta Also directs: Paladin Paints & Chemicals Private Limited | Whole-Time Director | 17 Mar 2016 | 10 Years 7 Months | Current |
| Aditya Mahendra Sheth | Director | 25 Jun 2019 | 7 Years 4 Months | Current |
| Ina Ashwin Dani | Director | 22 Dec 2023 | 2 Years 10 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Hitech Corporation Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Bottles and Caps, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hitech Corporation Limitedthis company | ₹640.4 Cr (FY 2026) | ₹16.16 Cr | 2.5% | 14.1% | 462 | Mumbai, Maharashtra, India |
| Micro Plastics Private Limited | ₹574.76 Cr (FY 2025) | 51.0% | Harohalli, Karnataka, India | |||
| Technoplast Packaging Private Limited | ₹569.66 Cr (FY 2025) | 33.0% | New Delhi, Delhi, India | |||
| Jai Corp Limited | ₹559.54 Cr (FY 2025) | 12.0% | Nanded, Maharashtra, India | |||
| National Polyplast (India) Private Limited | ₹529.85 Cr (FY 2025) | 24.0% | Chennai, Tamil Nadu, India | |||
| Suraj Logistix Private Limited | ₹512.97 Cr (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Winone Precision Technology India Private Limited | ₹504.77 Cr (FY 2025) | -19.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Hitech Corporation Limited, buy the company report.
Auditor
Hitech Corporation Limited is audited by KALYANIWALLA & MISTRY LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALYANIWALLA & MISTRY LLP | FY 2023 | 104607W/W100166 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 74.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 25.40%.
Sep 2026
QUARTER
74.40% Promoters
0.20% DII (Domestic Institutional)
25.40% Retail & Others
Promoter holding - history
Now 74.40% · Sep 2026High 74.40% · Dec 2025Low 74.40% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 74.40% | 74.40% | 74.40% | 74.40% |
| Public | 25.60% | 25.60% | 25.60% | 25.60% |
Charges & borrowings
Open charges
₹353.51 Cr
Satisfied charges
₹182.23 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2026 | 101307006 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 27 Mar 2024 | 100902779 | The Zoroastrian Co-Operative Bank Limited | ₹9 Cr | Open | |
| 27 Sep 2019 | 100296175 | Axis Bank Limited | ₹20 Cr | Open | |
| 28 Mar 2019 | 100255555 | Hdfc Bank Limited | ₹32 Cr | Open | |
| 04 May 2017 | 100109804 | Hdfc Bank Limited | ₹110 Cr | Open |
To see the full charge records of Hitech Corporation Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Hitech Corporation Limited has 16 deals on record (9 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹52.89 Cr; the latest was in March 2022.
Total deals
16
Market trades
9
Secondary share transfers
4
Funding rounds
3
Disclosed funding
₹52.89 Cr
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: Geetanjali Trading and Investments Private Limited , Hitech Specialities Solutions Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Seller: Geetanjali Trading and Investments Private Limited , Hitech Specialities Solutions Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Seller: Geetanjali Trading and Investments Private Limited , Hitech Specialities Solutions Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: Geetanjali Trading and Investments Private Limited , Hitech Specialities Solutions Limited |
| Nov 2016 | Market trade | ₹2.83 Cr | Buyer: Millennium Stock Broking Private Limited Seller: Millennium Stock Broking Private Limited |
To see the full deal history of Hitech Corporation Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hitech Corporation Limited has 86 court cases on record: 63 filed by Hitech Corporation, 24 filed against it. 9 cases are pending and 77 are disposed.
Total cases
86
Filed by the company
63
Filed against the company
24
Pending
9
Disposed
77
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 67 | 21 | 9 |
| High courts | 19 | 3 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Dasrath Prassad Paiints Private Limited | Pending |
| District court, Tinsukia, Assam | Arbitration matter | Filed by the company against Ho Plast Pvt. Ltd | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The Southern Power Distribution Company of Andhra Pradesh Ltd and 9 others | Disposed |
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by Smiti Holding and Trading Company Pvt.Ltd. and Anr. and 1 other | Disposed |
| District court, Tinsukia, Assam | Execution petition | Filed by the company against M/S Ho Plast Private Limited | Disposed |
To see the full case history of Hitech Corporation Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Hitech Corporation Limited was last rated by Crisil on 15 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Jun 2020 |
To see the full credit ratings and regulatory alerts of Hitech Corporation Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hitech Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hitech Corporation Limited has a workforce of 462 employees on its EPFO records as of May 15, 2024, across 10 active EPFO establishments.
Employee count
462
Active EPFO establishments
10
Employee growth
4.29%
GST
Hitech Corporation has 13 GST registrations: 10 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
10
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH5161N1ZC | Maharashtra | Active | 01 Jul 2017 |
| 27AAACH5161N2ZB | Maharashtra | Active | 16 Jul 2017 |
| 02AAACH5161N1ZO | Himachal Pradesh | Active | 01 Jul 2017 |
| 05AAACH5161N1ZI | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hitech Corporation Limited, buy the company report.
Recent activity
Hitech Corporation Limited has 52 board changes on record since 1992: 32 appointments and 20 cessations. The latest: Mehli Maneck Golvala was appointed as Additional Director on 08 May 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 74.06 Cr registered on 24 Jul 2014 with Charge ID 10519597 was modified on 15 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.00 Cr with Charge ID 101307006 was registered on 30 May 2026.
Appointed
Mehli Maneck Golvala was appointed as Additional Director.
Filing
Hitech Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Hitech Corporation Limited last Annual general meeting of members was held on 24 Jul 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 110.00 Cr registered on 04 May 2017 with Charge ID 100109804 was modified on 05 Apr 2025.
Ceased
Ashish Vinod Roongta ceased to be Company Secretary.
Charges
A charge registered on 12 Apr 2018 via Charge ID 100171993 with Others was fully satisfied on 14 Feb 2025.
Appointed
Sivaram Swaminathan was appointed as Director.
Appointed
Jayendra Ratilal Shah was appointed as Director.
Ceased
Harish Narendra Motiwalla ceased to be Director.
Charges
A charge with The Zoroastrian Co-Operative Bank Limited amounted to Rs. 9.00 Cr with Charge ID 100902779 was registered on 27 Mar 2024.
119 earlier events are in the company report.
News
Frequently asked questions
Hitech Corporation is an active public limited company based in Mumbai, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 16 October 1991 (35+ years old) and is registered under CIN L28992MH1991PLC168235. Listed on BSE: 526217 and NSE: HITECHCORP.
Hitech Corporation reported revenue of ₹640.4 Cr for FY 2025-26 (up 14.1% YoY) based on consolidated financials.
Hitech Corporation has 10 current directors:
- Malav Ashwin Dani - Managing Director
- Mehernosh Adi Mehta - Whole-Time Director
- Jayendra Ratilal Shah - Director
- Kalpana Vithaldas Merchant - Director
- Aditya Mahendra Sheth - Director
- Ina Ashwin Dani - Director
- Sivaram Swaminathan - Director
- Prakash Druman Trivedi - Director
- Anjan Ray - Director
- Mehli Maneck Golvala - Additional Director
The latest financial statements of Hitech Corporation on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hitech Corporation is 27AAACH5161N1ZC, registered in Maharashtra. The company has 13 GST registrations in all, of which 10 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACH5161N2ZB (Maharashtra), 02AAACH5161N1ZO (Himachal Pradesh), 05AAACH5161N1ZI (Uttarakhand).
The CIN (Corporate Identification Number) of Hitech Corporation is L28992MH1991PLC168235. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Hitech Corporation is a listed company as per MCA records. Its shares are listed on both BSE (code: 526217) and NSE (symbol: HITECHCORP).
Hitech Corporation has 86 court cases on record: 63 filed by the company and 24 filed against it. 9 are pending. Most are in the district courts.
Hitech Corporation was incorporated on 16 October 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Hitech Corporation has 16 deals on record (9 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹52.89 Cr; the latest was in March 2022.
The peers of Hitech Corporation by revenue are Micro Plastics Private Limited, Technoplast Packaging Private Limited, Jai Corp Limited, National Polyplast (India) Private Limited, Suraj Logistix Private Limited and 1 more, all in the Manufacturing industry (Bottles and Caps, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).