BSE: 531661
HITTCO TOOLS LTD.
Manufactures cutting tools, which is its sole reported revenue segment. Cutting Tools accounted for 100% of segment revenue (₹5.46 crore in the segment period on file), with no other operating segments disclosed. In FY26, revenue from operations was ₹8.10 crore, up from ₹6.95 crore in FY25, but the company posted a net loss of ₹70.73 lakh against a ₹0.63 lakh loss in FY25, with EBITDA margin of 2.36%. The largest cost lines are materials at 38.1% of revenue, employee costs at 27.0%, and other operating expenses at 29.6%; depreciation absorbs 8.1% of revenue. Total assets stand at ₹875.17 crore against revenue of just ₹8.10 crore, indicating the balance sheet is dominated by long-term assets relative to turnover. The company is listed on BSE, classifies as a small industrial manufacturer under the Capital Goods/Industrial Products bucket, and raised ₹61.94 lakh via a preferential allotment of 4,45,000 shares at ₹13.92 each in March 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cutting Tools (100%). Small, asset-heavy (₹875 crore of assets on ₹8 crore of revenue) industrial cutting-tools maker with thin margins and a recent operating loss.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 7 | 6 | 7 | 8 |
| EBITDA (ex other income) | 1 | 2 | 1 | 0 | 0 |
| margin % | 12.0 | 22.3 | 18.9 | 6.2 | 2.0 |
| Owners' profit | (0) | 1 | 0 | 0 | (1) |
| EPS, as reported (₹) | (0.35) | 0.94 | 0.34 | 0.08 | 0.00 |
| ROE % · ROCE % | (8.5) · 2.3 | 19.0 · 12.0 | 6.1 · 7.9 | 1.1 · 2.9 | (21.4) · (6.5) |
| Debt / equity (x) | 1.70 | 1.21 | 1.14 | 1.40 | 1.26 |
| Cash from operations | 2 | 1 | 1 | 0 | 1 |
| Capex | (2) | (0) | 0 | (2) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | (0) | (0) | 1 | (0) | (0) | (0) | 0 | (0) |
| Net profit | (0) | (0) | 0 | (0) | (0) | (0) | 0 | (0) |
| EPS (₹) | (0.98) | (0.27) | 0.72 | (0.48) | (0.41) | (0.43) | 0.12 | (0.09) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 46,904 | 97.4 | 24.99 | 80.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,105 | 81.2 | 9.82 | 52.4 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 26,932 | 49.1 | 6.04 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 21,121 | 65.7 | 10.55 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 20,995 | 60.6 | 4.41 | 29.9 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,483 | 100.1 | 6.10 | 56.6 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,085 | 459.6 | 3.84 | 39.1 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,360 | 48.5 | 7.34 | 50.4 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 3.3 | 3.1 | 58 of 112 | 49% |
| ROCE | (8.2) | 11.3 | 136 of 142 | 4% |
| ROE | (21.4) | 9.8 | 111 of 113 | 2% |
| Debt / Equity | 1.3 | 0.2 | 105 of 113 | 7% |
| EBITDA margin | 0.7 | 12.4 | 99 of 110 | 10% |
| Revenue growth | 21.1 | 20.6 | 56 of 114 | 51% |
| Profit growth | 79.4 | 17.1 | 35 of 109 | 69% |
| Market cap | 11 | 273 | 134 of 141 | 5% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Hittco Tools schedules EGM for November 17, 2026 | compliance | minimal | — | — |
| 27 Oct 2026 · Three acquirers announce open offer with proposed control of Hittco Tools | strategic transactions | high | — | — |
| 26 Oct 2026 · Board approves Rs 23.20 crore raise, open offer and two unlisted-company deals | strategic transactions | medium | — | — |
| 26 Oct 2026 · Hittco Tools approves fundraise, control change and diversification | general | medium | — | — |
| 26 Oct 2026 · Preferential issue of shares and warrants to raise up to Rs 23.20 crore | fund raising | high | — | — |
| 26 Oct 2026 · Hittco Tools extraordinary general meeting: preferential shares, warrants, expansion | board shareholder meetings | low | — | — |
| 26 Oct 2026 · Board approves Rs 23.2 crore fundraising and diversification | board shareholder meetings | low | — | — |
| 26 Oct 2026 · Preferential fundraising plan may bring change in control | fund raising | high | — | — |
| 26 Oct 2026 · Board approves Rs23.2 crore fund raise and diversification plan | board shareholder meetings | low | — | — |
| 22 Oct 2026 · Board meeting rescheduled to October 26, 2026 | results | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.