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

₹ 130 -1.03%
18 Apr - 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

Leading Player
Hi-Tech pipes is one of India’s leading manufacturers of Steel Pipes with a presence in more than 5,000 retail stores. [1]

Website BSE NSE
  • Market Cap ₹ 1,867 Cr.
  • Current Price ₹ 130
  • High / Low ₹ 170 / 70.0
  • Stock P/E 45.1
  • Book Value ₹ 29.1
  • Dividend Yield 0.02 %
  • ROCE 14.9 %
  • ROE 13.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 18.3% CAGR over last 5 years

Cons

  • Stock is trading at 4.47 times its book value
  • Promoter holding has decreased over last quarter: -2.45%
  • Company has a low return on equity of 13.1% over last 3 years.

* 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
329 302 305 373 350 484 407 457 444 553 520 603 518
312 288 290 355 332 460 394 438 424 525 504 582 493
Operating Profit 17 14 15 18 17 24 13 18 19 28 16 21 25
OPM % 5% 5% 5% 5% 5% 5% 3% 4% 4% 5% 3% 4% 5%
0 0 0 0 0 1 1 -6 0 0 0 1 0
Interest 7 7 5 6 6 10 7 6 6 6 5 7 6
Depreciation 2 2 2 2 2 2 2 2 3 5 2 2 3
Profit before tax 9 6 9 10 9 13 5 4 11 17 9 12 16
Tax % 26% 22% 25% 27% 27% 29% 26% 25% 25% 21% 25% 25% 24%
6 5 7 8 7 9 4 3 8 14 7 9 12
EPS in Rs 0.58 0.41 0.57 0.63 0.54 0.74 0.29 0.27 0.68 1.07 0.50 0.70 0.88
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
349 370 383 458 504 591 822 1,118 967 1,026 1,512 1,861 2,195
333 352 364 433 472 555 776 1,063 923 975 1,438 1,782 2,105
Operating Profit 16 17 19 25 32 36 46 54 44 51 74 79 90
OPM % 5% 5% 5% 6% 6% 6% 6% 5% 5% 5% 5% 4% 4%
1 0 1 1 1 3 2 1 1 1 1 -5 2
Interest 11 12 12 15 17 20 23 23 24 25 27 25 25
Depreciation 3 3 3 4 6 6 3 4 5 7 7 11 12
Profit before tax 3 3 4 8 10 13 21 29 16 20 41 38 54
Tax % 35% 34% 36% 34% 35% 33% 32% 36% 14% 25% 27% 23%
2 2 3 5 6 9 15 18 14 15 30 29 41
EPS in Rs 4.15 4.40 0.82 1.31 0.63 0.85 1.41 1.70 1.28 1.34 2.43 2.26 3.15
Dividend Payout % 0% 0% 0% 8% 8% 3% 2% 1% 2% 0% 2% 1%
Compounded Sales Growth
10 Years: 18%
5 Years: 18%
3 Years: 24%
TTM: 23%
Compounded Profit Growth
10 Years: 32%
5 Years: 18%
3 Years: 34%
TTM: 39%
Stock Price CAGR
10 Years: %
5 Years: 36%
3 Years: 52%
1 Year: 78%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 13%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 3 4 10 10 10 11 11 11 12 13 13
Reserves 28 30 33 44 56 65 87 113 139 158 204 268 386
81 95 113 111 142 151 188 189 239 212 259 180 224
66 64 76 57 71 92 70 83 73 72 106 279 187
Total Liabilities 175 189 225 215 279 317 355 396 463 453 581 740 810
25 27 29 43 55 67 96 129 134 145 180 226 224
CWIP 4 5 7 8 7 3 12 2 21 29 28 34 67
Investments 0 0 0 0 0 3 3 3 3 3 3 5 5
146 157 189 164 218 245 245 261 304 275 370 475 513
Total Assets 175 189 225 215 279 317 355 396 463 453 581 740 810

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 2 -2 26 1 39 5 52 3 76 7 56
-10 -6 -8 -19 -19 -28 -34 -31 -31 -27 -41 -85
8 4 11 -7 23 -12 29 -20 28 -49 35 30
Net Cash Flow 0 0 1 1 5 -2 -0 0 -0 -0 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 58 57 68 42 49 48 35 31 43 30 30 29
Inventory Days 73 69 79 62 85 81 61 43 58 54 48 54
Days Payable 52 51 54 36 31 37 17 21 23 19 21 33
Cash Conversion Cycle 79 76 94 68 102 92 78 53 78 65 58 49
Working Capital Days 77 86 99 80 98 80 74 53 77 62 55 45
ROCE % 14% 13% 12% 14% 15% 15% 17% 17% 12% 12% 16% 15%

Shareholding Pattern

Numbers in percentages

12 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.95% 59.55% 59.19% 59.31% 59.32% 59.32% 59.32% 56.87% 55.58% 55.27% 55.63% 53.19%
0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.57% 1.06% 0.81% 0.34% 0.08% 0.38%
0.42% 0.01% 0.00% 0.00% 0.16% 0.16% 0.00% 5.08% 4.97% 4.82% 7.45% 11.44%
38.62% 40.45% 40.81% 40.69% 40.51% 40.51% 40.12% 36.97% 38.65% 39.57% 36.84% 34.97%
No. of Shareholders 3,1626,5325,8635,6645,6515,6525,7059,07619,01029,57539,28345,888

* 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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