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 ₹ 1,660 Cr.
- Current Price ₹ 81.9
- High / Low ₹ 128 / 70.1
- Stock P/E 27.0
- Book Value ₹ 61.6
- Dividend Yield 0.03 %
- ROCE 9.21 %
- ROE 5.26 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 33.7% CAGR over last 5 years
- Company's median sales growth is 20.8% of last 10 years
Cons
- Company has a low return on equity of 6.44% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -12.2%
* 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 Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 458 | 504 | 591 | 822 | 1,118 | 967 | 1,026 | 1,512 | 1,861 | 2,207 | 2,550 | 3,443 | 3,924 | |
| 433 | 472 | 555 | 776 | 1,063 | 923 | 975 | 1,438 | 1,782 | 2,119 | 2,414 | 3,296 | 3,773 | |
| Operating Profit | 25 | 32 | 36 | 46 | 54 | 44 | 51 | 74 | 79 | 88 | 136 | 146 | 151 |
| OPM % | 6% | 6% | 6% | 6% | 4.9% | 4.6% | 5.0% | 4.9% | 4.2% | 4.0% | 5% | 4.2% | 3.8% |
| 1 | 1 | 3 | 2 | 1 | 1 | 1 | 1 | -5 | 1 | 2 | 2 | 1 | |
| Interest | 15 | 17 | 20 | 23 | 23 | 24 | 25 | 27 | 25 | 32 | 34 | 39 | 45 |
| Depreciation | 4 | 6 | 6 | 3 | 4 | 5 | 7 | 7 | 11 | 13 | 18 | 24 | 25 |
| Profit before tax | 8 | 10 | 13 | 21 | 29 | 16 | 20 | 41 | 38 | 45 | 86 | 86 | 82 |
| Tax % | 34% | 35% | 33% | 32% | 36% | 14% | 25% | 27% | 23% | 24% | 26% | 25% | |
| 5 | 6 | 9 | 15 | 18 | 14 | 15 | 30 | 29 | 34 | 64 | 64 | 61 | |
| EPS in Rs | 1.31 | 0.63 | 0.85 | 1.41 | 1.70 | 1.28 | 1.34 | 2.43 | 2.26 | 2.26 | 3.13 | 3.16 | 3.03 |
| Dividend Payout % | 8% | 8% | 3% | 2% | 1% | 2% | 0% | 2% | 1% | 1% | 1% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 27% |
| 3 Years: | 23% |
| TTM: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 34% |
| 3 Years: | 24% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 3% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 6% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 10 | 10 | 10 | 11 | 11 | 11 | 12 | 13 | 15 | 20 | 20 |
| Reserves | 44 | 56 | 65 | 95 | 119 | 139 | 162 | 204 | 355 | 501 | 1,167 | 1,231 |
| 111 | 142 | 151 | 188 | 189 | 239 | 212 | 259 | 180 | 294 | 127 | 141 | |
| 57 | 71 | 92 | 62 | 77 | 73 | 68 | 105 | 192 | 152 | 276 | 399 | |
| Total Liabilities | 215 | 279 | 317 | 355 | 396 | 463 | 453 | 581 | 740 | 961 | 1,590 | 1,791 |
| 43 | 55 | 67 | 96 | 129 | 134 | 145 | 180 | 226 | 290 | 312 | 504 | |
| CWIP | 8 | 7 | 3 | 12 | 2 | 21 | 29 | 28 | 34 | 57 | 152 | 78 |
| Investments | 0 | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 5 | 6 | 3 |
| 164 | 218 | 245 | 245 | 261 | 304 | 275 | 370 | 475 | 609 | 1,120 | 1,206 | |
| Total Assets | 215 | 279 | 317 | 355 | 396 | 463 | 453 | 581 | 740 | 961 | 1,590 | 1,791 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 1 | 39 | 5 | 52 | 3 | 76 | 7 | 56 | -71 | 120 | 87 | |
| -19 | -19 | -28 | -34 | -31 | -31 | -27 | -41 | -79 | -125 | -496 | -74 | |
| -7 | 23 | -12 | 29 | -20 | 28 | -49 | 35 | 24 | 196 | 407 | -25 | |
| Net Cash Flow | 1 | 5 | -2 | -0 | 0 | -0 | -0 | 0 | 1 | 0 | 31 | -12 |
| Free Cash Flow | 7 | -18 | 25 | -36 | 27 | -26 | 48 | -34 | -7 | -171 | -14 | -32 |
| CFO/OP | 111% | 8% | 115% | 22% | 104% | 17% | 154% | 13% | 86% | -70% | 99% | 72% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 49 | 48 | 35 | 31 | 43 | 30 | 30 | 29 | 39 | 34 | 33 |
| Inventory Days | 62 | 85 | 81 | 61 | 43 | 58 | 54 | 48 | 54 | 48 | 49 | 54 |
| Days Payable | 36 | 31 | 37 | 17 | 21 | 23 | 19 | 21 | 33 | 22 | 37 | 41 |
| Cash Conversion Cycle | 68 | 102 | 92 | 78 | 53 | 78 | 65 | 58 | 49 | 66 | 45 | 46 |
| Working Capital Days | 11 | 23 | 13 | 12 | 8 | 14 | 17 | 17 | 27 | 32 | 40 | 38 |
| ROCE % | 14% | 15% | 15% | 17% | 17% | 11% | 12% | 16% | 14% | 11% | 11% | 9% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dealer and Distributor Network Count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Q1 FY27 revenue 1,413 crore, PAT 20 crore; volume guidance 6.5-7 lakh tons, capex 650 crore.
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Statement Of Deviation Or Variation For The Quarter Ended June 30, 2026
- Hi-Tech Pipes reported no deviation in QIP proceeds utilisation for quarter ended June 30, 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Crisil monitoring report for Q1 June 30, 2026 shows no deviation; Rs 4,292.89 million utilized.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording link shared for Q1 FY27 earnings conference call on August 13, 2026.
Annual reports
Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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Jun 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Jan 2022TranscriptAI SummaryPPT
Product Portfolio:[1]
MS Steel Pipes, Hollow Sections, GI Pipes, Cold Rolled Coils & Strips, GP Coils, GC Sheets, Crash Barriers, Color Coated Coils, GP Pipes, CR Pipes, Solar Torque Tubs, Large Dia Pipe, Coated Coils & Sheets