Hittco Tools
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Hittco Tools approved preferential allotment of 59.4 lakh equity shares at Rs14.50 apiece aggregating Rs8.61 crore and 100.6 lakh convertible warrants at the same price aggregating Rs14.59 crore. The equity allotment of 52 lakh shares to Irfan Chapra, Reshma Chapra and Mubina Sofia representing 41.45% of post-issue capital triggered an open offer obligation and a proposed change in control. The board also approved expanding its objects into hospitality, real estate, vehicle leasing and stock broking, incorporating a UAE perfumes subsidiary for up to Rs3 crore and investing up to Rs9 crore for at least 75% of Sanija Hotels and Rs12 crore for at least 50% of Multiplex Capital. The board set an extraordinary general meeting for 17 November 2026 to seek shareholder approval and proposed a Rs50 crore limit for loans, guarantees and investments under Section 186.
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Hittco Tools approved preferential allotment of 59.4 lakh equity shares at Rs14.50 apiece aggregating Rs8.61 crore and 100.6 lakh convertible warrants at the same price aggregating Rs14.59 crore. The equity allotment of 52 lakh shares to Irfan Chapra, Reshma Chapra and Mubina Sofia representing 41.45% of post-issue capital triggered an open offer obligation and a proposed change in control. The board also approved expanding its objects into hospitality, real estate, vehicle leasing and stock broking, incorporating a UAE perfumes subsidiary for up to Rs3 crore and investing up to Rs9 crore for at least 75% of Sanija Hotels and Rs12 crore for at least 50% of Multiplex Capital. The board set an extraordinary general meeting for 17 November 2026 to seek shareholder approval and proposed a Rs50 crore limit for loans, guarantees and investments under Section 186.
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Aug 14 (Reuters) - Hittco Tools Ltd HITT.BO:
ADATARIYA RAVIKUMAR JAYESHBHAI RESIGNS AS CFO
YASH VARDHAN BHANDARI APPOINTED AS CFO
Source text: ID:nBSE154YLV
Further company coverage: HITT.BO
(([email protected];;))
Aug 14 (Reuters) - Hittco Tools Ltd HITT.BO:
ADATARIYA RAVIKUMAR JAYESHBHAI RESIGNS AS CFO
YASH VARDHAN BHANDARI APPOINTED AS CFO
Source text: ID:nBSE154YLV
Further company coverage: HITT.BO
(([email protected];;))
Aug 7 (Reuters) - Hittco Tools Ltd HITT.BO:
RUTH MARY CHITHRA J RESIGNS AS CFO
Source text for Eikon: ID:nBSER8W3b
Further company coverage: HITT.BO
(([email protected];))
Aug 7 (Reuters) - Hittco Tools Ltd HITT.BO:
RUTH MARY CHITHRA J RESIGNS AS CFO
Source text for Eikon: ID:nBSER8W3b
Further company coverage: HITT.BO
(([email protected];))
June 12 (Reuters) - Hittco Tools Ltd HITT.BO:
APPOINTED RUTH MARY CHITHRA. J. AS CFO
Source text for Eikon: ID:nBSE9qT331
Further company coverage: HITT.BO
(([email protected];;))
June 12 (Reuters) - Hittco Tools Ltd HITT.BO:
APPOINTED RUTH MARY CHITHRA. J. AS CFO
Source text for Eikon: ID:nBSE9qT331
Further company coverage: HITT.BO
(([email protected];;))
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What does Hittco Tools do?
Hittco Tools Limited, established in 1974, specializes in the production of carbide and HSS cutting tools, showcasing expertise in the industry with a wide network of offices and distributors across India.
Who are the competitors of Hittco Tools?
Hittco Tools major competitors are BKM Industries, Arrowhead Sep. Engg., Sterling Powergensys, Trans Freight Conta., Incon Engineers, Premier, Marshall Machines. Market Cap of Hittco Tools is ₹13 Crs. While the median market cap of its peers are ₹12 Crs.
Is Hittco Tools financially stable compared to its competitors?
Hittco Tools seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Hittco Tools pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Hittco Tools latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Hittco Tools allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory
How strong is Hittco Tools balance sheet?
Balance sheet of Hittco Tools is moderately strong.
Is the profitablity of Hittco Tools improving?
No, profit is decreasing. The profit of Hittco Tools is -₹0.01 Crs for Mar 2025, ₹0.19 Crs for Mar 2024 and ₹0.62 Crs for Mar 2023
Is the debt of Hittco Tools increasing or decreasing?
The net debt of Hittco Tools is decreasing. Latest net debt of Hittco Tools is ₹3.11 Crs as of Jun-26. This is less than Mar-25 when it was ₹3.8 Crs.
Is Hittco Tools stock expensive?
Hittco Tools is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Hittco Tools is 0, while 3 year average PE is 33.95. Also latest EV/EBITDA of Hittco Tools is 56.13 while 3yr average is 38.99.
Has the share price of Hittco Tools grown faster than its competition?
Hittco Tools has given better returns compared to its competitors. Hittco Tools has grown at ~-3.29% over the last 2yrs while peers have grown at a median rate of -26.04%
Is the promoter bullish about Hittco Tools?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Hittco Tools is 28.37% and last quarter promoter holding is 28.37%.
Are mutual funds buying/selling Hittco Tools?
There is Insufficient data to gauge this.