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Commentary (9 May 2024 @ 05:59):

The Hi-Tech Gears Limited manufactures and sells auto components to automobile manufacturers and Tier 1 and 2 suppliers in India, the United States, and internationally...

Stats
Today's Volume	13 973.00
Average Volume	156 155
Market Cap	18.24B
EPS	INR0 ( 2024-02-12 )
Next earnings date	( INR0 ) 2024-05-24
Last Dividend	INR2.50 ( 2023-09-21 )
Next Dividend	INR0 ( N/A )
P/E	16.15
ATR14	INR3.58 (0.37%)

Volume Correlation

Long: -0.19 (neutral)

Short: 0.58 (weak)

Signal:(42.775) Neutral

The Hi-Tech Gears Limited Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

The Hi-Tech Gears Limited Correlation - Currency/Commodity

0.46
( neutral )

0.00
( neutral )

0.69
( moderate )

-0.63
( weak negative )

-0.12
( neutral )

0.23
( neutral )

The Hi-Tech Gears Limited Financials

Annual	2022
Revenue:	INR11.40B
Gross Profit:	INR5.41B (47.45 %)
EPS:	INR12.32

FY	2022
Revenue:	INR11.40B
Gross Profit:	INR5.41B (47.45 %)
EPS:	INR12.32

FY	2022
Revenue:	INR9.45B
Gross Profit:	INR3.74B (39.60 %)
EPS:	INR-0.590

FY	2021
Revenue:	INR7.28B
Gross Profit:	INR3.05B (41.93 %)
EPS:	INR15.34

Financial Reports:

No articles found.

The Hi-Tech Gears Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR1.500 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR2.50 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

The Hi-Tech Gears Limited Dividend Information - Dividend Junior

Dividend Sustainability Score: 2.83 - low (50.00%) | Divividend Growth Potential Score: 3.86 - Decrease likely (22.76%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR2.00	2003-06-23
Last Dividend	INR2.50	2023-09-21
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	33	--
Total Paid Out	INR49.13	--
Avg. Dividend % Per Year	0.61%	--
Score	2.08	--
Div. Sustainability Score	2.83
Div.Growth Potential Score	3.86
Div. Directional Score	3.35	--

Next Divdend (Est)
(2024-09-19)

INR2.64 Estimate 3.49 %

Dividend Stability

0.28 Very Poor

Dividend Score

2.08

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2003	INR0	0.00%
2004	INR0	0.00%
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR3.50	0.73%
2019	INR3.50	1.05%
2020	INR1.500	0.89%
2021	INR2.00	1.30%
2022	INR1.500	0.60%
2023	INR2.50	0.97%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
JSL.NS	Dividend Junior	2023-09-15	Sporadic	22	0.26%
DLF.NS	Dividend Junior	2023-07-28	Annually	18	0.60%
AARON.NS	Dividend Junior	2023-08-28	Sporadic	5	0.36%
SPAL.NS	Dividend Junior	2023-09-15	Sporadic	8	0.44%
MONARCH.NS	Dividend Junior	2023-09-14	Annually	3	0.20%
HERANBA.NS	Dividend Junior	2023-08-17	Annually	4	0.20%
BHEL.NS	Dividend Junior	2023-08-11	Annually	21	0.26%
RAMRAT.NS	Dividend Junior	2023-08-31	Annually	3	0.85%
KOKUYOCMLN.NS	Dividend Junior	2023-07-20	Sporadic	16	0.16%
EQUITASBNK.NS	Dividend Junior	2023-07-27	Insufficient data to determine frequency	2	0.56%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.104	1.500	7.92	10.00	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.287	1.500	7.93	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	2.12	1.000	-0.325	-0.325	[3 - 30]
operatingCashFlowPerShareTTM	48.07	2.00	10.00	10.00	[0 - 30]
freeCashFlowPerShareTTM	48.07	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.420	1.000	6.33	6.33	[0.2 - 0.8]
operatingProfitMarginTTM	0.0777	1.000	-0.447	-0.447	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				2.83

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	16.43	1.000	8.44	0	[1 - 100]
returnOnEquityTTM	0.287	2.50	8.67	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	48.07	2.00	10.00	10.00	[0 - 30]
dividendYielPercentageTTM	0.253	1.500	3.69	0	[0 - 0.4]
operatingCashFlowPerShareTTM	48.07	2.00	10.00	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	0.00751	1.500	-3.28	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0829	1.000	-0.427	0	[0.1 - 0.5]
Total Score				3.86

The Hi-Tech Gears Limited

The Hi-Tech Gears Limited manufactures and sells auto components to automobile manufacturers and Tier 1 and 2 suppliers in India, the United States, and internationally. It offers transmission and engine components, driveline components, steering linkage, power take off components, and engineering design services for two wheelers, light vehicles, commercial vehicles, and off highway vehicles, as well as engine gears. The company also develops products and services in the field of robotics, artificial intelligence, automotive embedded systems, and computer vision and biometrics. The Hi-Tech Gears Limited was incorporated in 1986 and is based in Gurugram, India.