Hitech Corporation Reports Strong FY26 Growth

Consolidated Revenue rose 14% to Rs 640.40 crore, while Profit After Tax (PAT) reached Rs 15.19 crore.

Reader Takeaway: Strong revenue growth and capacity expansion are balanced by heavy reliance on major client Asian Paints.

What just happened

Hitech Corporation has released its FY26 performance figures and announced its 35th Annual General Meeting (AGM) scheduled for September 24, 2026. Key highlights include a proposed final dividend of Rs 1 per share, with a record date of September 4, 2026. The company is also seeking formal shareholder approval for a significant related party transaction with Asian Paints Limited, estimated at Rs 1,000 crore over the next 15 months.

Why this matters

The growth in consolidated PAT to Rs 15.19 crore (up from Rs 8.94 crore in FY25) indicates improving profitability alongside top-line expansion. The proposed transaction with Asian Paints underscores the firm’s deep strategic integration with its anchor client, which acts as a primary revenue driver but also highlights concentration risk.

Business and Operational Updates

The company has ramped up its Dahej facility, introducing new 50-liter and 235/250-liter drums to its product portfolio. It is also scaling its In-Mould Labelling (IML) technology and EBM-based solutions. Strategic progress continues with the integration of Thriarr Polymers and the establishment of Hitech Global Inc. in the USA to drive international marketing.

Board and Governance

The board saw a transition with Mr. Mehli M. Golvala joining as an Independent Director in May 2026. Meanwhile, Mr. Jayendra R. Shah will retire by rotation and will not seek re-appointment at the upcoming AGM.

What to track next

Investors should closely watch how the Dahej facility expansion impacts future margins and whether the integration of Thriarr Polymers leads to the expected synergies in thermoset and thermoplastic processing.