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 ₹ 1,958 Cr.
- Current Price ₹ 96.4
- High / Low ₹ 211 / 81.6
- Stock P/E 26.8
- Book Value ₹ 61.9
- Dividend Yield 0.03 %
- ROCE 11.7 %
- ROE 7.96 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 29.0% CAGR over last 5 years
Cons
- Company has a low return on equity of 9.10% 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
Sector: Steel Industry: Steel - Medium / Small
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
504 | 637 | 1,016 | 1,360 | 1,210 | 1,341 | 1,879 | 2,386 | 2,699 | 3,068 | |
472 | 598 | 956 | 1,286 | 1,150 | 1,270 | 1,778 | 2,283 | 2,584 | 2,908 | |
Operating Profit | 32 | 40 | 60 | 75 | 59 | 71 | 101 | 103 | 115 | 160 |
OPM % | 6% | 6% | 6% | 6% | 5% | 5% | 5% | 4% | 4% | 5% |
1 | 2 | 1 | 1 | 1 | 1 | 1 | -4 | 1 | 2 | |
Interest | 17 | 20 | 27 | 30 | 30 | 32 | 36 | 35 | 42 | 43 |
Depreciation | 6 | 7 | 4 | 5 | 7 | 8 | 10 | 14 | 15 | 21 |
Profit before tax | 10 | 15 | 30 | 41 | 24 | 31 | 55 | 50 | 59 | 98 |
Tax % | 35% | 30% | 30% | 33% | 15% | 26% | 27% | 24% | 25% | 26% |
6 | 10 | 21 | 27 | 20 | 23 | 40 | 38 | 44 | 73 | |
EPS in Rs | 0.63 | 1.01 | 2.04 | 2.56 | 1.87 | 2.03 | 3.29 | 2.95 | 2.93 | 3.59 |
Dividend Payout % | 8% | 2% | 1% | 1% | 1% | 0% | 2% | 1% | 1% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 18% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 22% |
TTM: | 66% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 64% |
3 Years: | 24% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 11 | 11 | 11 | 12 | 13 | 15 | 20 |
Reserves | 56 | 67 | 103 | 136 | 163 | 194 | 246 | 405 | 561 | 1,237 |
142 | 180 | 255 | 272 | 312 | 317 | 393 | 273 | 402 | 179 | |
71 | 103 | 80 | 86 | 82 | 77 | 117 | 224 | 200 | 319 | |
Total Liabilities | 279 | 360 | 449 | 505 | 568 | 599 | 769 | 916 | 1,179 | 1,756 |
55 | 81 | 124 | 169 | 173 | 202 | 239 | 287 | 355 | 392 | |
CWIP | 7 | 8 | 17 | 4 | 29 | 30 | 29 | 36 | 62 | 194 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 4 |
218 | 271 | 307 | 332 | 365 | 367 | 501 | 590 | 759 | 1,166 | |
Total Assets | 279 | 360 | 449 | 505 | 568 | 599 | 769 | 916 | 1,179 | 1,756 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
1 | 24 | -6 | 49 | 25 | 64 | -17 | 134 | -95 | 70 | |
-19 | -39 | -53 | -40 | -39 | -40 | -46 | -98 | -117 | -390 | |
23 | 14 | 59 | -9 | 14 | -25 | 64 | -35 | 213 | 354 | |
Net Cash Flow | 5 | -1 | -0 | -0 | -0 | -0 | 0 | 1 | 0 | 33 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 55 | 37 | 37 | 41 | 33 | 33 | 28 | 38 | 36 |
Inventory Days | 86 | 81 | 62 | 45 | 60 | 57 | 610 | 50 | ||
Days Payable | 32 | 37 | 18 | 17 | 19 | 15 | 277 | 33 | ||
Cash Conversion Cycle | 103 | 98 | 81 | 64 | 82 | 75 | 33 | 28 | 371 | 54 |
Working Capital Days | 98 | 85 | 74 | 60 | 77 | 70 | 68 | 45 | 65 | 69 |
ROCE % | 15% | 18% | 18% | 12% | 13% | 16% | 14% | 12% | 12% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
8h - Hi-Tech Pipes files Annual Secretarial Compliance Report confirming full SEBI compliance for FY 2024-25.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
26 May - Audio link of earnings call for FY25 Q4 and year ended March 31, 2025, results.
- Announcement under Regulation 30 (LODR)-Investor Presentation 26 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 May - Hi-Tech Pipes reports 14% revenue, 66% profit growth; new plants commissioned; credit rating upgraded to A+.
Annual reports
Concalls
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Oct 2024TranscriptNotesPPT
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Aug 2024Transcript PPT
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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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 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]