Hittco Tools Ltd (HITTCO) Share Price & Fundamentals

What we do

Hittco Tools Ltd manufactures high-performance carbide and HSS tools for machining metals and acrylics, serving diverse industrial needs from its Bangalore facilities.

Founded in

1,995

Market share

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Problem solved

Provides precision cutting tools improving machining efficiency and accuracy for metalworking industries.

Top clients or who we serve

Primarily B2B serving metal fabrication, automotive, and engineering sectors.

Key management

Surendra Bhandari (Founder, Managing Director), Madhu Bhandari (Director), Rajeev Gobindram Hassanand (Chairman).

Our journey and innovations

Started in 1974 with HSS tools; expanded to solid carbide tools in 2008; multiple expansions and renaming reflecting broader capabilities.

Where we operate

Manufacturing and operations based in Bangalore, India; export sales were present but nil in recent year.

Top products or what we offer

High-performance Carbide & HSS cutting tools including drills and precision machining tools.

Top brands

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Raw materials needed

Carbide and high-speed steel (HSS) materials for tool manufacturing.

Raw materials supplier

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Recurring vs cyclical contribution

Revenue includes product sales with some cyclical industrial demand influences.

Our industry position

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Financial highlights

For FY 2024-25, revenue Rs 6.95 crores, net loss of Rs 0.01 crores reflecting challenging margins and operations.

Geographical revenue split

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Order book

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Whats driving growth

Focused on capacity expansion and diversification of product range; domestic market demand is key driver.

Our future plans

Investment in capacity expansion and product diversification to strengthen market presence.

Our green promise

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Our people and values

Emphasizes transparency, governance, and employee relations fostering dedication and commitment.

Key challenges ahead

Margins pressure, maintaining competitiveness amid industrial cyclicality, and operational efficiency.

Interesting facts

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Risks and strategy

Facing industry competition and operational risks; strategy invests in modernization, governance, and diversification.