---
title: "Sunil Hitech Engineers Ltd (SUNILHITEC) — Share Price, Financials & Analysis"
symbol: "SUNILHITEC"
company: "Sunil Hitech Engineers Ltd"
canonical: "https://tapetide.com/stocks/SUNILHITEC"
generated_at: "2026-10-13T11:01:12.998Z"
---

# Sunil Hitech Engineers Ltd (SUNILHITEC)

Canonical page: https://tapetide.com/stocks/SUNILHITEC

## Company

- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-02
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** sunilhitech.com

## About

Sunil Hitech Engineers is engaged in the business of Engineering, Procurement, Construction-(EPC), Fabrication, Erection, Overhauling, Maintenance, Trading and other related activities.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.03 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 6.44% over last 3 years.
- Contingent liabilities of Rs.1,251 Cr.
- Dividend payout has been low at 4.26% of profits over last 3 years

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -447% | -62% | -41% |
| revenue growth | -43% | 15% | 18% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 506 | 444 | 497 | 531 | 619 | 548 | 502 | 601 | 836 | 337 | 82 | 32 |
| Expenses | 458 | 401 | 446 | 479 | 565 | 499 | 452 | 547 | 854 | 316 | 97 | 50 |
| Operating Profit | 48 | 43 | 51 | 52 | 54 | 49 | 51 | 54 | -17 | 21 | -14 | -18 |
| OPM % | 10 | 10 | 10 | 10 | 9 | 9 | 10 | 9 | -2 | 6 | -17 | -57 |
| Other Income | 6 | 4 | 3 | 3 | -16 | 6 | 3 | 4 | 7 | 2 | 14 | -1581 |
| Interest | 24 | 22 | 22 | 25 | 28 | 25 | 25 | 28 | 40 | 34 | 46 | 66 |
| Depreciation | 9 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 11 | 12 | 10 |
| Profit before tax | 22 | 17 | 25 | 22 | 0 | 21 | 20 | 21 | -59 | -23 | -58 | -1675 |
| Tax % | 37 | 34 | 37 | 34 | 36 | 34 | 37 | 34 | -37 | 4 | -6 | 0 |
| Net Profit | 14 | 11 | 16 | 14 | 0 | 14 | 12 | 14 | -37 | -24 | -54 | -1675 |
| EPS in Rs | 0.4 | 0.32 | 0.41 | 0.38 | 0.01 | 0.36 | 0.33 | 0.38 | -0.8 | -0.51 | -1.17 | -36.3 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 718 | 722 | 846 | 1086 | 1422 | 1644 | 1821 | 2085 | 2482 | 1288 |
| Expenses | 656 | 614 | 757 | 963 | 1290 | 1501 | 1645 | 1906 | 2349 | 1316 |
| Operating Profit | 61 | 108 | 89 | 122 | 132 | 143 | 176 | 179 | 133 | -29 |
| OPM % | 9 | 15 | 11 | 11 | 9 | 9 | 10 | 9 | 5 | -2.2 |
| Other Income | 37 | 9 | 33 | 9 | 10 | 17 | 15 | 16 | 23 | -1558 |
| Interest | 24 | 34 | 47 | 58 | 77 | 78 | 86 | 98 | 117 | 185 |
| Depreciation | 22 | 26 | 31 | 30 | 24 | 26 | 32 | 33 | 35 | 42 |
| Profit before tax | 52 | 57 | 44 | 44 | 41 | 56 | 73 | 64 | 3 | -1814 |
| Tax % | 55 | 40 | 46 | 36 | 38 | 34 | 34 | 40 | -21 | — |
| Net Profit | 23 | 34 | 24 | 28 | 25 | 37 | 48 | 38 | 4 | -1789 |
| EPS in Rs | 0.95 | 1.38 | 0.97 | 1.14 | 0.92 | 1.21 | 1.39 | 1.02 | 0.08 | -38.78 |
| Dividend Payout % | 0 | 4 | 6 | 5 | 7 | 7 | 5 | 7 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 14 | 15 | 17 | 38 | 46 |
| Reserves | 162 | 187 | 219 | 241 | 273 | 302 | 349 | 397 | 421 | 535 |
| Borrowings | 194 | 268 | 271 | 333 | 407 | 390 | 397 | 438 | 531 | 587 |
| Other Liabilities | 185 | 185 | 331 | 323 | 398 | 685 | 642 | 684 | 718 | 998 |
| Total Liabilities | 553 | 652 | 833 | 909 | 1091 | 1391 | 1402 | 1536 | 1708 | 2166 |
| Fixed Assets | 101 | 131 | 131 | 136 | 113 | 113 | 130 | 155 | 164 | 205 |
| CWIP | 15 | 11 | 14 | 5 | 5 | 7 | 12 | 14 | 0 | 0 |
| Investments | 32 | 60 | 42 | 30 | 32 | 36 | 50 | 51 | 44 | 46 |
| Other Assets | 406 | 450 | 647 | 738 | 940 | 1235 | 1210 | 1316 | 1500 | 1916 |
| Total Assets | 553 | 652 | 833 | 909 | 1091 | 1391 | 1402 | 1536 | 1708 | 2166 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -18 | 38 | 27 | -3 | 30 | 129 | 122 | 95 | 44 | 27 |
| Cash from Investing Activity | -40 | -67 | -6 | -11 | -41 | -35 | -52 | -60 | -33 | -95 |
| Cash from Financing Activity | 74 | 50 | -31 | 10 | 19 | -95 | -58 | -43 | 8 | 59 |
| Net Cash Flow | 17 | 21 | -10 | -5 | 9 | -1 | 13 | -8 | 18 | -10 |
| Free Cash Flow | -71 | -10 | -3 | -26 | 23 | 103 | 71 | 44 | 20 | -46 |
| CFO/OP | -6 | 105 | 55 | 18 | 37 | 110 | 98 | 65 | 41 | 21 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 93 | 81 | 132 | 151 | 126 | 122 | 84 | 99 | 100 | 108 |
| Inventory Days | 68 | 42 | 60 | 121 | 58 | 59 | 68 | 73 | 80 | 34 |
| Days Payable | 57 | 60 | 181 | 156 | 153 | 202 | 161 | 164 | 152 | 192 |
| Cash Conversion Cycle | 104 | 63 | 11 | 116 | 31 | -22 | -9 | 8 | 28 | -51 |
| Working Capital Days | 109 | 103 | 121 | 163 | 160 | 125 | 115 | 111 | 120 | 105 |
| ROCE % | 18 | 16 | 19 | 15 | 16 | 17 | 18 | 20 | 17 | 11 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- |
| Promoters | 35.37% | 39.87% | 33.79% |
| DIIs | 0% | 0.31% | 0.14% |
| Public | 64.63% | 59.82% | 66.07% |
| No. of Shareholders | 38685 | 62099 | 64558 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 56.17% | 43.86% | 35.37% | 35.37% | 35.37% | 35.37% | 35.37% | 39.87% | 36.16% | 33.79% | 33.79% | 33.79% |
| FIIs | 0.17% | 0.05% | 0% | 0% | 0% | 0% | 0.05% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.22% | 0.3% | 0.19% | 0% | 0.01% | 0.23% | 0.39% | 0.31% | 0.01% | 1.95% | 1.32% | 0.14% |
| Public | 43.45% | 55.79% | 64.44% | 64.63% | 64.63% | 64.4% | 64.2% | 59.82% | 63.84% | 64.26% | 64.89% | 66.07% |
| No. of Shareholders | 14724 | 13883 | 31929 | 38685 | 43352 | 47490 | 59442 | 62099 | 65600 | 65656 | 65418 | 64558 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2019-06-29 | [Intimation Of Commencement Of Liquidation Process And Appointment Of Shri. Avil Jerome Menezes As Liquidator](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11ee5c9e-9f58-4ce9-a01f-c35c8b88d7c6.pdf) |
| 2019-06-29 | [Intimation Of Commencement Of Liquidation Process And Appointment Of Shri. Avil Jerome Menezes As Liquidator](https://www.bseindia.com/xml-data/corpfiling/AttachHis/11ee5c9e-9f58-4ce9-a01f-c35c8b88d7c6.pdf) |
| 2019-06-20 | [Filing Of Application For Liquidation Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2491fd90-f200-4d7e-bd8e-25526e59f226.pdf) |
| 2019-06-20 | [Filing Of Application For Liquidation Of The Company](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2491fd90-f200-4d7e-bd8e-25526e59f226.pdf) |
| 2019-06-10 | [Outcome Of 11Th COC Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0aea9199-6a90-4f91-998d-37236c828f92.pdf) |
| 2019-06-10 | [Outcome Of 11Th COC Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0aea9199-6a90-4f91-998d-37236c828f92.pdf) |
| 2019-06-07 | [Disclosure Under Regulation 30 Of (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c91cde0-507a-47bb-8cea-6ccf14050d5d.pdf) |
| 2019-06-07 | [Disclosure Under Regulation 30 Of (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c91cde0-507a-47bb-8cea-6ccf14050d5d.pdf) |
| 2019-06-04 | [Outcome Of 10Th Meeting Of COC](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a954db38-804a-4590-a691-c97f2a17fb91.pdf) |
| 2019-06-04 | [Outcome Of 10Th Meeting Of COC](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a954db38-804a-4590-a691-c97f2a17fb91.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110311.pdf) |
| 2011 | [Annual Report 2011](https://archives.nseindia.com/annual_reports/AR_SUNILHITEC_2010_2011_12092011051818.zip) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/532711/5327110310.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Apr 2016 | [Concall - Apr 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ABAC1AC_111F_4F25_9A6F_AA24F9236B17_103225.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2021-01-13 | Credit rating update — CARE Ratings |
| 2020-03-28 | Credit rating update — CARE Ratings |
| 2019-03-18 | Credit rating update — CARE Ratings |
| 2018-05-11 | Credit rating update — CARE Ratings |
| 2018-04-20 | Credit rating update — CARE Ratings |
| 2018-02-27 | Credit rating update — CARE Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:12.998Z.