Hitech Corporation vs Kanpur Plastipack vs TPL Plastech: Which Stock Should You Track

Hitech Corporation vs Kanpur Plastipack vs TPL Plastech starts with the core numbers most investors compare within the plastics and packaging segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the plastics and packaging bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Hitech Corporation, Kanpur Plastipack and TPL Plastech: Company Overview

Hitech Corporation is a listed Indian company in the plastics and packaging space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 602 crore, a return on equity of 5.34% and a book value of Rs 165.73 per share. Its quarterly revenue moved from Rs 165.31 crore in June 2025 to Rs 227.00 crore in June 2026, a change of +37.3%.

Kanpur Plastipack is a listed Indian company in the plastics and packaging space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 586 crore, a return on equity of 14.71% and a book value of Rs 109.60 per share. Its quarterly revenue moved from Rs 182.62 crore in June 2025 to Rs 208.93 crore in June 2026, a change of +14.4%.

TPL Plastech is a listed Indian company in the plastics and packaging space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 532 crore, a return on equity of 17.21% and a book value of Rs 21.65 per share. Its quarterly revenue moved from Rs 90.42 crore in June 2025 to Rs 124.40 crore in June 2026, a change of +37.6%.

Hitech Corporation vs Kanpur Plastipack vs TPL Plastech: Valuation and Profitability Snapshot

Metric	Hitech Corporation	Kanpur Plastipack	TPL Plastech
Market Cap (approx.)	Rs 602 crore	Rs 586 crore	Rs 532 crore
PE Ratio (TTM)	34.29	12.99	17.67
PB Ratio	2.11	2.18	3.15
Return on Equity (ROE)	5.34%	14.71%	17.21%
EPS (TTM, Rs)	10.22	18.37	3.86
Dividend Yield	0.29%	0.50%	1.91%
Debt to Equity	0.48	0.42	0.11
Book Value per Share (Rs)	165.73	109.60	21.65

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On valuation, Hitech Corporation trades at a PE of 34.29 and a PB of 2.11, Kanpur Plastipack at a PE of 12.99 and a PB of 2.18, while TPL Plastech trades at a PE of 17.67 and a PB of 3.15. On return on equity, the three post 5.34%, 14.71% and 17.21% respectively, and on dividend yield they stand at 0.29%, 0.50% and 1.91%. Hitech Corporation has the highest market capitalisation of the three at Rs 602 crore, while TPL Plastech has the lowest at Rs 532 crore. Hitech Corporation has the highest PE ratio of the three at 34.29, while Kanpur Plastipack has the lowest at 12.99. TPL Plastech has the highest return on equity of the three at 17.21%, while Hitech Corporation has the lowest at 5.34%. Hitech Corporation has the highest debt to equity ratio of the three at 0.48, while TPL Plastech has the lowest at 0.11. Debt to equity is 0.48, 0.42 and 0.11 for the three respectively.

Hitech Corporation vs Kanpur Plastipack vs TPL Plastech: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Hitech Corporation	Rs 227.00 crore	Rs 7.11 crore	+37.3%	+34.4%	+49.7%
Kanpur Plastipack	Rs 208.93 crore	Rs 11.68 crore	+14.4%	+12.9%	+93.1%
TPL Plastech	Rs 124.40 crore	Rs 6.52 crore	+37.6%	+9.0%	+19.2%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Hitech Corporation vs Kanpur Plastipack vs TPL Plastech: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Hitech Corporation vs Kanpur Plastipack vs TPL Plastech, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Hitech Corporation	Kanpur Plastipack	TPL Plastech
June 2025	Rs 165.31 crore	Rs 182.62 crore	Rs 90.42 crore
September 2025	Rs 164.86 crore	Rs 166.55 crore	Rs 106.89 crore
December 2025	Rs 145.59 crore	Rs 197.09 crore	Rs 111.24 crore
March 2026	Rs 168.91 crore	Rs 185.06 crore	Rs 114.13 crore
June 2026	Rs 227.00 crore	Rs 208.93 crore	Rs 124.40 crore

Quarterly net profit (Rs crore)

Quarter	Hitech Corporation	Kanpur Plastipack	TPL Plastech
June 2025	Rs 4.75 crore	Rs 6.05 crore	Rs 5.47 crore
September 2025	Rs 4.17 crore	Rs 7.73 crore	Rs 6.85 crore
December 2025	-Rs 2.62 crore	Rs 10.74 crore	Rs 8.69 crore
March 2026	Rs 8.89 crore	Rs 14.98 crore	Rs 8.05 crore
June 2026	Rs 7.11 crore	Rs 11.68 crore	Rs 6.52 crore

Hitech Corporation reported revenue of Rs 165.31 crore in June 2025 and Rs 227.00 crore in June 2026, a change of +37.3% across the period. Its highest quarterly revenue in this window was Rs 227.00 crore in June 2026. Net profit stood at Rs 7.11 crore in June 2026, which is a net profit margin of 3.13%. Hitech Corporation reported a net loss in December 2025.

Kanpur Plastipack reported revenue of Rs 182.62 crore in June 2025 and Rs 208.93 crore in June 2026, a change of +14.4% across the period. Its highest quarterly revenue in this window was Rs 208.93 crore in June 2026. Net profit stood at Rs 11.68 crore in June 2026, which is a net profit margin of 5.59%.

TPL Plastech reported revenue of Rs 90.42 crore in June 2025 and Rs 124.40 crore in June 2026, a change of +37.6% across the period. Its highest quarterly revenue in this window was Rs 124.40 crore in June 2026. Net profit stood at Rs 6.52 crore in June 2026, which is a net profit margin of 5.24%.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three plastics and packaging names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as polymer prices, seasonal demand, export orders and capacity additions. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Hitech Corporation, Kanpur Plastipack and TPL Plastech directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Hitech Corporation vs Kanpur Plastipack vs TPL Plastech highlights how differently three companies in the same plastics and packaging segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Hitech Corporation vs Kanpur Plastipack vs TPL Plastech

What is the market cap difference between Hitech Corporation, Kanpur Plastipack and TPL Plastech?

Ans. As of October 2026, Hitech Corporation has a market cap of approximately Rs 602 crore, Kanpur Plastipack is at approximately Rs 586 crore, and TPL Plastech is at approximately Rs 532 crore. Hitech Corporation is the largest of the three, and its market capitalisation is about 1.1 times that of TPL Plastech, the smallest. Market capitalisation reflects the size of a company in the market rather than the quality of its business, so a larger value does not by itself signal a higher quality company. These figures move with the share price every trading day, which is why the table above should be read as a snapshot rather than a fixed ranking in the Hitech Corporation vs Kanpur Plastipack vs TPL Plastech comparison.

What are the PE and PB ratios of Hitech Corporation, Kanpur Plastipack and TPL Plastech?

Ans. As of October 2026, the PE ratios stand at 34.29, 12.99 and 17.67 respectively, and the price to book ratios stand at 2.11, 2.18 and 3.15 respectively. All three companies have a positive trailing PE, so the multiples can be compared directly. The PE ratio shows how much investors pay for each rupee of trailing earnings, while the PB ratio compares the market value with the net assets on the balance sheet. Both multiples should be read against the segment norms for plastics and packaging and against each company's own growth and earnings stability, because a high multiple can reflect expected growth or simply a small earnings base.

Which of the three has the highest ROE?

Ans. Hitech Corporation, Kanpur Plastipack and TPL Plastech post ROE of 5.34%, 14.71% and 17.21% respectively as of October 2026. TPL Plastech has the highest return on equity of the three at 17.21%, while Hitech Corporation has the lowest at 5.34%. Return on equity measures how much profit a company generates on the capital contributed by its shareholders, so it is a useful gauge of how efficiently equity is being used. A negative ROE points to losses over the period, and a very high ROE can sometimes result from a small equity base rather than operating performance. It is therefore worth reading ROE together with debt levels and the five-quarter profit trend before drawing any conclusion from the Hitech Corporation vs Kanpur Plastipack vs TPL Plastech figures.

Which of these three stocks pays the highest dividend yield?

Ans. Hitech Corporation, Kanpur Plastipack and TPL Plastech carry dividend yields of 0.29%, 0.50% and 1.91% respectively as of October 2026. Dividend yield is the annual dividend per share expressed as a percentage of the current share price, so it changes whenever the price changes. A low or zero yield is common among companies that retain profits to fund expansion, repay debt or absorb losses, and it does not by itself say anything about business quality. Investors who care about income should also check how consistently each company has paid dividends and what share of profit it distributes.

What is the debt to equity ratio for Hitech Corporation, Kanpur Plastipack and TPL Plastech?

Ans. Hitech Corporation carries a debt to equity of 0.48, Kanpur Plastipack of 0.42, and TPL Plastech of 0.11. Hitech Corporation has the highest debt to equity ratio of the three at 0.48, while TPL Plastech has the lowest at 0.11. The debt to equity ratio compares total borrowings with shareholders' funds, and a higher figure means the company relies more on borrowed money to run its business. What counts as a comfortable level differs by segment, since some businesses in plastics and packaging need heavy capital and carry more debt than others. Investors usually read this ratio alongside interest costs and cash generation to judge how well each company can service its borrowings in the Hitech Corporation vs Kanpur Plastipack vs TPL Plastech comparison.

What were the latest quarterly revenue and net profit of Hitech Corporation, Kanpur Plastipack and TPL Plastech?

Ans. For Q1 FY27 (quarter ended June 2026), Hitech Corporation reported revenue of Rs 227.00 crore and net profit of Rs 7.11 crore, Kanpur Plastipack reported revenue of Rs 208.93 crore and net profit of Rs 11.68 crore, and TPL Plastech reported revenue of Rs 124.40 crore and net profit of Rs 6.52 crore. Compared with the quarter ended June 2025, revenue changed by +37.3% for Hitech Corporation, +14.4% for Kanpur Plastipack and +37.6% for TPL Plastech. A single quarter can be affected by seasonality, one-time items and the timing of orders, so the five-quarter tables above give a clearer sense of direction than any one result. A net loss in a quarter does not always mean a troubled business, but it does call for a closer look at costs, debt and the reasons behind the swing in the Hitech Corporation vs Kanpur Plastipack vs TPL Plastech results.

Does this comparison recommend one of Hitech Corporation, Kanpur Plastipack and TPL Plastech?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research. Instead of a verdict, the tables above lay out the figures so that readers can weigh them against their own goals, time horizon and tolerance for risk. For companies in plastics and packaging, it also helps to look at factors such as polymer prices, seasonal demand, export orders and capacity additions. Reading the latest filings and investor presentations of Hitech Corporation, Kanpur Plastipack and TPL Plastech directly, and speaking to a SEBI registered adviser where needed, is a sensible step before acting on any numbers shown in Hitech Corporation vs Kanpur Plastipack vs TPL Plastech.