Announcement
Announcement under Regulation 30 (LODR)-Acquisition 7 Oct - Hy-Tech Engineers incorporated 100% Delaware WOS, HY-TECH ENGINEERS Inc, with $3,00,000 share capital.
Source: Bse
Hy-Tech Engineers Limited (HTEL)
Micro CapIndustrials stocks · Micro cap · NSE
Hy-Tech Engineers Limited designs, manufactures, and supplies hydraulic fittings and forged metal components catering to construction, agriculture, automotive, industrial equipment, defence, and railway sectors, operating six manufacturing facilities across Maharashtra and Madhya Pradesh.
₹80.8
+0.77 · +0.96%
Market cap ₹710 Cr
Data qualityVerify one data layerQuote updated 04 Nov, 03:31 pm ISTPost-result recalculation pendingDetails
Quote04 Nov, 03:31 pm IST
Base fundamentals02 Nov 2026 · screener
Latest result04 Nov, 08:19 pm IST
Score05 Nov, 04:30 am IST · v4.3-runtime-valuation
Tags20 Sept 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 23.2 (n=542)
Technical timing lens
Trend score and candlestick chart
51NeutralSMA20 +12.7% / mo · MACD −
Stock trend: 58
Sector RS: 42
Sector 3M: -6.0% vs Nifty 500 -4.1%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HTELD candles · FIT view+2.6%Latest close ₹80.80 on 2026-11-04
Daily history is available from 2026-09-01; the requested 1Y window is partially covered.
Bar
+1.0%
RSI
52
MACD hist
-0.59
52W pos
44%
2026-11-04O ₹80.00H ₹81.90L ₹77.60C ₹80.80Vol 12.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HTELNifty India ManufacturingNifty 500
- HTEL
- +2.6%
- Nifty 500
- -2.4%
- Nifty India Manufacturing
- -4.9%
- Vs Nifty 500
- +5.0 pp
Chart stats
4 Nov 2026- From 52W high
- -22.1%
- 52W range position
- 44%
- ATR (14)
- 7.0%
- Volume vs 20D
- 0.24x
- Avg traded value
- ₹47.5 Cr
- 20D price channel
- ₹72.1 - ₹103.7
₹103.7
₹62.9 - ₹103.7
₹5.6
Latest completed session
20-session average
90.7% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management trust is not scored yet, price trend is neutral, and result consistency is still building.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE46
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Neutral51
Price trend and sector-relative-strength timing.
Valuation
Legacy model-95.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
pending—
Management reliability not computed yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 04 Nov 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹103.9 Cr | NDF | +141.4% |
| EBITDA | ₹22.9 Cr | NDF | +171.7% |
| Operating margin | 22.1% | NDF | +246 bps |
| PAT | ₹13.1 Cr | NDF | +184.8% |
| PAT margin | 12.6% | NDF | +192 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 31.60
- P/B
- —
- EV/EBITDA
- 13.96
- Market Cap
- 710.00Cr
Profitability
- ROE
- 20.20%
- ROCE
- 23.90%
- ROA
- 13.07%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 12.43%
- EPS 5Y
- 6.58%
- Revenue 3Y
- 18.00%
- EPS 3Y
- 18.00%
Balance Sheet
- Debt/Equity
- 0.25
- Interest Coverage
- 8.40×
- Altman Z
- 8.75
- Book Value
- —
Cash Flow
- FCF Yield
- 3.24%
- FCF Positive Y
- 2/5
- OCF
- 30.00 Cr
- EPS TTM
- 2.70
Shareholding
- Promoter Hold
- 71.36%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 29%
Financial History
Updated 4/11/2026
Revenue
₹ CrLatest: 104+141.4% vs prev
Net Profit
₹ CrLatest: 13.1+184.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term trend unclear. RSI 52.
- SMA20 rising (~11.3% over last month) — short-term momentum positive.
- RSI(14) at 52 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 22% off 52W high · 28% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
-
RS percentile
Insufficient history
1M return
+9.5%
3M return
-
6M return
-
1Y return
-
RS 1D
-
RS 20D
-
Sector rank
#6
Industry rank
#32
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
unavailable
200-DMA
unavailable
Sector
weakening
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
44 observations
04 Nov 2026Value 105.17-0.14%
RS vs Nifty 500105
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth11/25
Quality14/20
Balance Sheet10/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
46
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
46/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 3.2%.
- Piotroski is strong at 8/9.
- Quality contributes 14/20 to the score.
Main drags
- Fair-value margin of safety is negative at -95.0%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 11/25; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
31.6
PB
—
EV/EBITDA
14.0
ROE
20.2%
ROCE
23.9%
FCF Yield
3.2%
Debt/Equity
0.3
MoS
-95.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 05 Nov 2026
v4.3-runtime-valuation
Final score
46
Previous: 46
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-95.0%
Previous: -95.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
05 Nov 2026
v4.3-runtime-valuation
47
47
46
46
46
46
46
46
46
46
46
46
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
15.3
Growth-justified Value
₹41.45
-95.0% MoS
PEG
3.00
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
LUMINO
Micro
Lumino Industries Limited
Industrial Products
match 58
68
15.6
24.6%
+56%
UNDERVALUED
GERMAN
Micro
German Green Steel and Power Limited
Industrial Products
match 58
66
9.9
21.4%
+67%
UNDERVALUED
INNOVISION
Small
Innovision Limited
Industrial Products
match 54
44
31.9
19.6%
+16%
WATCHLIST
BELDING
Micro
Belding India Limited
Industrial Products
match 53
34
—
-1.1%
—
WATCHLIST
TANKUP
SME
Tankup Engineers Ltd.
Industrial Products
match 52
39
195.0
26.3%
-473%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-29T00:41:23.090Z
Management commentary snapshot
Hy-Tech Engineers reported a 13% YoY revenue increase to Rs 430 Mn and 11% YoY PAT growth to Rs 46 Mn for Q1FY27, driven by sustained end-user demand.
The operational momentum remains solid with double-digit top-line and bottom-line growth. While EBITDA margins compressed slightly from 21.5% to 19.6% due to raw material cost pressures and pricing lag, the ongoing strategic expansion into international markets, land acquisition for IPE stainless-steel capacity, and successful public listing reinforce the investment case.
Current business mix
By Industry Segment (%)
Latest issuer-disclosed distribution across 8 reported categories.
Construction Machinery22.9%
Farming22.8%
Automotive9.1%
Injection Moulding Machines4.0%
Hydraulic Systems5.1%
Parking Systems0.3%
IPE & Railways1.5%
Others34.4%
Growth engines
Global Market Expansion
In ProgressEstablishing wholly-owned subsidiaries in Delaware, USA, and Frankfurt, Germany to strengthen international presence.
Capacity Addition for IPE
PlannedProposed acquisition of approximately 6.5 acres of land near Shirwal, Satara to expand dedicated capacity for IPE stainless-steel operations.
Diversification into Defence and Railways
ActiveLeveraging existing certifications including DRDO certification and IRIS 2025 standards to participate in high-value defence and railway opportunities.
Capacity and execution
Land Acquisition for IPE Operations
ProposedProposed acquisition of approximately 6.5 acres of land near Shirwal, Satara for expanding dedicated stainless-steel IPE capacity.
Tailwinds
Manufacturing Growth & Localization
FavorableBroader opportunities arising from India's manufacturing growth and global supply-chain localization.
End-User Demand
FavorableSustained end-user demand across key business segments supporting business momentum.
Headwinds
Raw Material Cost Pressures
ChallengingRaw-material cost pressures and timing lag in customer price revisions impacted EBITDA margins.
Risk radar
Margin Compression Risk
ActiveEBITDA margin declined to 19.6% from 21.5% YoY due to raw-material cost pressures and price revision lags.
Execution of Strategic Projects
ConditionalInternational subsidiaries and land acquisitions remain subject to applicable regulatory approvals and implementation considerations.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The document highlights annual quarterly comparisons (YoY) for revenue, EBITDA, and PAT, alongside multi-year annual trends, which are standard for assessing operational performance and seasonal consistency in manufacturing.
Sector KPIs management disclosed
Revenue Growth
PositiveRevenue from Operations grew 13% YoY to Rs 430 Mn in Q1FY27.
EBITDA Margin
Under PressureEBITDA margin stood at 19.6% in Q1FY27 compared to approximately 21.5% in Q1FY26.
Capacity Utilization
StableAggregate hydraulic fitting capacity utilization averaged 70.6%.
Management forward view
Focus on Higher-Value Applications
StrategicManagement aims to improve capacity utilization, deepen customer relationships, expand exports, and move towards higher-value applications.
Commitment to Governance
AchievedSuccessful mainboard listing on NSE and BSE reinforces commitment to transparency, governance, and long-term value creation.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| EBITDA Margin Recovery | 19.6% in Q1FY27 | Pass-through of raw material costs and recovery toward historical 22% levels. |
| Subsidiary and Capex Execution | Proposed setup in USA/Germany and 6.5 acres land acquisition | Regulatory approvals and finalization of transactions. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
Trust profile pending
Trust asks a simple question: can investors rely on management behaviour and financial delivery? Trust Lite uses promoter alignment, cash conversion, leverage, and result consistency. Full transcript-based claim matching appears after enough documents are ingested.
Continue researching Hy-Tech Engineers Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationSep 2026
Sep 2026 · PPT
Source: Bse
Concall transcriptSep 2026
Sep 2026 · Transcript
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Sep - Submission of copy of newspaper advertisement published on September 19, 2026 pursuant to regulation 47 of SEBI (LODR) Regulations, 2015.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Sep - Hy-Tech Engineers Limited hereby informs the exchange of the Schedule of meeting with the Investors/ Analysts.
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Earnings-call transcript · Hy-Tech Engineers Limited has informed the Exchange about Transcript
Source: Nse
Investor presentation
Investor presentation · Hy-Tech Engineers Limited has informed the Exchange about Investor Presentation
Source: Nse
Investor presentationJun 2026
Jun 2026 · Investor presentation · Hy-Tech Engineers Limited has informed the Exchange regarding a press release dated September 21, 2026, titled "Press Release for the Unaudited Financial Results for the Quarter en
Source: Nse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 21 Sep - Hy-Tech Engineers reported Q1FY27 results: revenue up 13% to Rs 430 Mn, PAT up 11% to Rs 46 Mn.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Sep - An Earnings Conference call post the declaration of Financial Results of the quarter ended June 30, 2026 is scheduled on Tuesday, ....
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 18 Sep - Board approved Q1 FY27 results, 6.5-acre land purchase, and WOS in Germany and Delaware.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.