Hi-Tech Pipes Ltd
Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india.
- Market Cap ₹ 2,226 Cr.
- Current Price ₹ 110
- High / Low ₹ 211 / 81.6
- Stock P/E 33.7
- Book Value ₹ 58.4
- Dividend Yield 0.02 %
- ROCE 11.3 %
- ROE 7.47 %
- Face Value ₹ 1.00
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
383 | 458 | 504 | 591 | 822 | 1,118 | 967 | 1,026 | 1,512 | 1,861 | 2,207 | 2,550 | 2,458 | |
364 | 433 | 472 | 555 | 776 | 1,063 | 923 | 975 | 1,438 | 1,782 | 2,119 | 2,414 | 2,323 | |
Operating Profit | 19 | 25 | 32 | 36 | 46 | 54 | 44 | 51 | 74 | 79 | 88 | 136 | 135 |
OPM % | 5% | 6% | 6% | 6% | 6% | 5% | 5% | 5% | 5% | 4% | 4% | 5% | 6% |
1 | 1 | 1 | 3 | 2 | 1 | 1 | 1 | 1 | -5 | 1 | 2 | 2 | |
Interest | 12 | 15 | 17 | 20 | 23 | 23 | 24 | 25 | 27 | 25 | 32 | 34 | 29 |
Depreciation | 3 | 4 | 6 | 6 | 3 | 4 | 5 | 7 | 7 | 11 | 13 | 18 | 19 |
Profit before tax | 4 | 8 | 10 | 13 | 21 | 29 | 16 | 20 | 41 | 38 | 45 | 86 | 89 |
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 | 66 | |
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 | 3.37 |
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: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 29% |
5 Years: | 36% |
3 Years: | 29% |
TTM: | 55% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 56% |
3 Years: | 22% |
1 Year: | -44% |
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 | 127 | |
76 | 57 | 71 | 92 | 62 | 77 | 73 | 68 | 105 | 192 | 152 | 276 | |
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 | 10 | 11 | 23 | 13 | 12 | 8 | 14 | 17 | 17 | 27 | 32 | 40 |
ROCE % | 12% | 14% | 15% | 15% | 17% | 17% | 11% | 12% | 16% | 14% | 11% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
11 Sep - India Ratings affirms Hi‑Tech Pipes’ bank facilities at IND A+/Stable and IND A1+; INR1,250m facilities.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Sep - Pipes Limited has informed about Newapaper Publication
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Business Responsibility and Sustainability Reporting (BRSR)
2 Sep - Hi‑Tech Pipes files BRSR for FY 2024-25 dated 02-09-2025; report included in annual report.
- Reg. 34 (1) Annual Report. 2 Sep
- Notice Of 41St Annual General Meeting 2 Sep
Annual reports
Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Oct 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Nov 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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]