Risk factor
Very poor trading liquidity
Profitability factor
Greatly overvalued vs peers
About
Hitech Corporation Limited is an entity dedicated to the manufacturing, sale, and international export of robust plastic packaging. These versatile containers find application across numerous sectors, including paints and coatings, products for personal and home care, food and beverages, healthcare, agrochemicals, and lubricants. The company, originally known as Hitech Plast Limited, formally rebranded to Hitech Corporation Limited in May of 2017. Established in 1991, its principal operations are based in Mumbai, India, and it functions as a subsidiary of Geetanjali Trading and Investments Private Limited.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, of fair value on EV/