Hy-Tech Engineers Ltd(HTEL)

NSE: HTELBSE: 544891

₹ 77.1+0.12%refreshed 27 Oct, 03:30 pm ISTMarket cap: ₹ 731 crWebsite: www.hy-techengineers.comUpdated: 28 Oct 2026

About

Hy-Tech Engineers Ltd makes hydraulic fittings for OEMs in construction, agriculture and injection moulding, with a portfolio of more than 11,000 SKUs as of Q1 FY27. Revenue from operations was ₹430 Mn in Q1 FY27, against ₹380 Mn in Q1 FY26. Exports make up about 30% of revenue, and the company listed on NSE and BSE on 1 September 2026.^[1]

Products

Hydraulic fittings portfolio of 11,000+ SKUs as of Q1 FY27.^[1]
Over the past two years the company has developed a range of stainless-steel fittings for data centers and oil & gas. It expects to enter this market commercially within about one year (stated in Q1 FY27).^[1]

Manufacturing capacity

Installed hydraulic fitting capacity was 483 lakh pieces p.a. in Q1 FY27, running at 70.6% utilisation.^[1]
Monthly production output was 35 lakh pieces in Q1 FY27.^[1]
Captive forging capacity was 3,120 MT p.a. in Q1 FY27.^[1]

Customers and markets

OEMs accounted for 70-80% of sales in Q1 FY27, with demand coming from construction, agriculture and injection moulding.^[1]
Exports were ~30% of revenue in Q1 FY27: the US contributed ~25% and Europe ~7-8%. The company targets an export share of 50% within 5 years.^[1]
Tata Hitachi, Sany and Fluidconnecto were added as new OEM leads at bauma CONEXPO INDIA 2026.^[1]

New verticals

As of Q1 FY27 the company holds IRIS railway certification and DRDO registration, and is enrolled with Cochin Shipyard and Mazagon Dock. It expects defence and railway revenues within 1-2 years.^[1]

Expansion and capex

₹30 Cr of capex for machinery is to be deployed within FY27, raising monthly output from 35 lakh to 50 lakh pieces.^[1]
The company plans to double monthly output to 70 lakh pieces within 3 years.^[1]
A 6.5-acre site near Shirwal, Satara, is to be acquired within 3-4 months for stainless-steel operations. The greenfield plant there is expected to be ready in about 2 years.^[1]

Recent developments

Listed on NSE and BSE on 1 September 2026. The IPO was oversubscribed 244× and raised ₹135.73 Cr, of which ₹60 Cr was a fresh issue.^[1]
On 07 Oct 2026 the company incorporated wholly owned subsidiary HY-TECH ENGINEERS Inc in Delaware, USA, to import and distribute hydraulic fittings, subscribing $300,000 of share capital.^[2]
A wholly owned subsidiary in Frankfurt, Germany has been approved and is to be set up within FY27.^[1]
Customer price revisions took effect on 1 April 2026, after input costs rose in Feb-Apr. Management said the benefit will show in Q2 FY27.^[1]

Market Cap

₹731 Cr

High / Low

₹104 / 63

Promoter holding

71.4%

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Signal history

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