Hi-Tech Pipes Ltd

Hi-Tech Pipes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hi-Tech Pipes Ltd

₹ 95.4 -0.73%
30 May - close price
hitechpipes.in BSE: 543411 NSE: HITECH
About

Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india.

Key Points

Product Portfolio
The company is a leading steel pipe and product manufacturer in India, offering ERW black steel tubes, square and rectangular hollow sections, solar torque tubes, cold-rolled coils and strips, galvanized sheets, color-coated coils, crash barriers, etc. catering to various industries, including infrastructure, real estate, automotive, agriculture, oil & gas, defense, and manufacturing. [1] [2]

Website BSE NSE
  • Market Cap ₹ 1,937 Cr.
  • Current Price ₹ 95.4
  • High / Low ₹ 211 / 81.6
  • Stock P/E 30.4
  • Book Value ₹ 58.4
  • Dividend Yield 0.03 %
  • ROCE 11.3 %
  • ROE 7.47 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 35.6% CAGR over last 5 years
  • Company's median sales growth is 17.4% of last 10 years

Cons

  • Company has a low return on equity of 8.28% over last 3 years.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -15.3%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
484 407 457 444 553 520 603 518 565 723 621 634 572
460 394 438 424 525 504 582 493 539 688 586 599 541
Operating Profit 24 13 18 19 28 16 21 25 26 35 35 35 30
OPM % 5% 3% 4% 4% 5% 3% 4% 5% 5% 5% 6% 5% 5%
1 1 -6 0 0 0 1 0 -0 1 1 0 0
Interest 10 7 6 6 6 5 7 6 13 11 11 7 5
Depreciation 2 2 2 3 5 2 2 3 5 4 4 5 4
Profit before tax 13 5 4 11 17 9 12 16 8 20 21 23 22
Tax % 29% 26% 25% 25% 21% 25% 25% 24% 22% 25% 26% 27% 26%
9 4 3 8 14 7 9 12 6 15 15 17 16
EPS in Rs 0.74 0.29 0.27 0.68 1.07 0.50 0.70 0.88 0.41 0.97 0.87 0.82 0.80
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
383 458 504 591 822 1,118 967 1,026 1,512 1,861 2,207 2,550
364 433 472 555 776 1,063 923 975 1,438 1,782 2,119 2,414
Operating Profit 19 25 32 36 46 54 44 51 74 79 88 136
OPM % 5% 6% 6% 6% 6% 5% 5% 5% 5% 4% 4% 5%
1 1 1 3 2 1 1 1 1 -5 1 2
Interest 12 15 17 20 23 23 24 25 27 25 32 34
Depreciation 3 4 6 6 3 4 5 7 7 11 13 18
Profit before tax 4 8 10 13 21 29 16 20 41 38 45 86
Tax % 36% 34% 35% 33% 32% 36% 14% 25% 27% 23% 24% 26%
3 5 6 9 15 18 14 15 30 29 34 64
EPS in Rs 0.82 1.31 0.63 0.85 1.41 1.70 1.28 1.34 2.43 2.26 2.26 3.13
Dividend Payout % 0% 8% 8% 3% 2% 1% 2% 0% 2% 1% 1% 1%
Compounded Sales Growth
10 Years: 19%
5 Years: 21%
3 Years: 19%
TTM: 16%
Compounded Profit Growth
10 Years: 29%
5 Years: 36%
3 Years: 29%
TTM: 88%
Stock Price CAGR
10 Years: %
5 Years: 63%
3 Years: 25%
1 Year: -22%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 8%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3 4 10 10 10 11 11 11 12 13 15 20
Reserves 33 44 56 65 95 119 139 162 204 355 501 1,167
113 111 142 151 188 189 239 212 259 180 294 119
76 57 71 92 62 77 73 68 105 192 152 283
Total Liabilities 225 215 279 317 355 396 463 453 581 740 961 1,590
29 43 55 67 96 129 134 145 180 226 290 312
CWIP 7 8 7 3 12 2 21 29 28 34 57 152
Investments 0 0 0 3 3 3 3 3 3 5 5 6
189 164 218 245 245 261 304 275 370 475 609 1,120
Total Assets 225 215 279 317 355 396 463 453 581 740 961 1,590

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2 26 1 39 5 52 3 76 7 56 -71 120
-8 -19 -19 -28 -34 -31 -31 -27 -41 -79 -107 -496
11 -7 23 -12 29 -20 28 -49 35 24 178 407
Net Cash Flow 1 1 5 -2 -0 0 -0 -0 0 1 0 31

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 68 42 49 48 35 31 43 30 30 29 39 34
Inventory Days 79 62 85 81 61 43 58 54 48 54 48 49
Days Payable 54 36 31 37 17 21 23 19 21 33 22 37
Cash Conversion Cycle 94 68 102 92 78 53 78 65 58 49 66 45
Working Capital Days 99 80 98 80 74 53 77 62 55 45 63 57
ROCE % 12% 14% 15% 15% 17% 17% 11% 12% 16% 14% 11% 11%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.32% 59.32% 59.32% 56.87% 55.58% 55.27% 55.63% 53.19% 53.96% 50.76% 43.97% 43.97%
0.01% 0.01% 0.57% 1.06% 0.81% 0.34% 0.08% 0.38% 1.81% 9.31% 9.79% 8.96%
0.16% 0.16% 0.00% 5.08% 4.97% 4.82% 7.45% 11.44% 11.35% 10.05% 17.32% 16.40%
40.51% 40.51% 40.12% 36.97% 38.65% 39.57% 36.84% 34.97% 32.89% 29.89% 28.84% 30.52%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.15%
No. of Shareholders 5,6515,6525,7059,07619,01029,57539,28345,88852,23761,93773,11878,293

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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