The Hi-Tech Gears Ltd is an auto components manufacturer primarily engaged in the business of manufacturing gears and transmission components.
The product portfolio of the company comprises precision gears, shafts, transmission components, and engine components catering to two-wheelers (26%), Passenger Vehicles (43%), Commercial Vehicles, and Agri and Off-Road vehicles (31%).
Geographical Split FY24
Domestic: 49%
Exports: 51%
The company exports to 10+ countries, including Canada, USA, Mexico, Germany, China, Japan, South Korea, etc.
Clientele
The customers of the company include Hero MotoCorp Ltd, JCB, Cummins, Daimler Bharat, Tata, DANA, Mahindra, Wabco, Magna, etc.
New Business
In FY24, the company won the new business from India and North America of Rs. 69.5 Cr vs Rs. 175 Cr in FY23. It also ventured into the Indian Passenger Car SUV segment.
EV and New Technologies
The company has initiated the production of gear component final assembly & counter assemble and gear drive and helical gear components in the electric vehicle space. In FY24, it won EV business from Hero Motor Corp and Dana. It is also focusing on advanced technology components like automatic transmission gear.
Repayment of Debts
Co. has reduced its debt from 434 Crs in FY23 to 195 Crs in FY24 (excluding Lease Liabilities)
Focus
The company is focusing on improving asset utilization through targeted selling of existing capacity, higher customer engagement, and cost mitigation.
The product portfolio of the company comprises precision gears, shafts, transmission components, and engine components catering to two-wheelers (26%), Passenger Vehicles (43%), Commercial Vehicles, and Agri and Off-Road vehicles (31%).
Geographical Split FY24
Domestic: 49%
Exports: 51%
The company exports to 10+ countries, including Canada, USA, Mexico, Germany, China, Japan, South Korea, etc.
Clientele
The customers of the company include Hero MotoCorp Ltd, JCB, Cummins, Daimler Bharat, Tata, DANA, Mahindra, Wabco, Magna, etc.
New Business
In FY24, the company won the new business from India and North America of Rs. 69.5 Cr vs Rs. 175 Cr in FY23. It also ventured into the Indian Passenger Car SUV segment.
EV and New Technologies
The company has initiated the production of gear component final assembly & counter assemble and gear drive and helical gear components in the electric vehicle space. In FY24, it won EV business from Hero Motor Corp and Dana. It is also focusing on advanced technology components like automatic transmission gear.
Repayment of Debts
Co. has reduced its debt from 434 Crs in FY23 to 195 Crs in FY24 (excluding Lease Liabilities)
Focus
The company is focusing on improving asset utilization through targeted selling of existing capacity, higher customer engagement, and cost mitigation.
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For educational purposes only. Not a recommendation.
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For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.