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 ₹ 1,867 Cr.
- Current Price ₹ 130
- High / Low ₹ 170 / 70.0
- Stock P/E 38.3
- Book Value ₹ 33.0
- Dividend Yield 0.02 %
- ROCE 14.6 %
- ROE 14.4 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company's working capital requirements have reduced from 60.9 days to 44.9 days
Cons
- Stock is trading at 3.94 times its book value
- Promoter holding has decreased over last quarter: -2.45%
* 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
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|
504 | 637 | 1,016 | 1,360 | 1,210 | 1,341 | 1,879 | 2,386 | 2,720 | |
472 | 598 | 956 | 1,286 | 1,150 | 1,270 | 1,778 | 2,283 | 2,607 | |
Operating Profit | 32 | 40 | 60 | 75 | 59 | 71 | 101 | 103 | 113 |
OPM % | 6% | 6% | 6% | 6% | 5% | 5% | 5% | 4% | 4% |
1 | 2 | 1 | 1 | 1 | 1 | 1 | -4 | 2 | |
Interest | 17 | 20 | 27 | 30 | 30 | 32 | 36 | 35 | 36 |
Depreciation | 6 | 7 | 4 | 5 | 7 | 8 | 10 | 14 | 15 |
Profit before tax | 10 | 15 | 30 | 41 | 24 | 31 | 55 | 50 | 65 |
Tax % | 35% | 30% | 30% | 33% | 15% | 26% | 27% | 24% | |
6 | 10 | 21 | 27 | 20 | 23 | 40 | 38 | 49 | |
EPS in Rs | 0.63 | 1.01 | 2.04 | 2.56 | 1.87 | 2.03 | 3.29 | 2.95 | 3.70 |
Dividend Payout % | 8% | 2% | 1% | 1% | 1% | -0% | 2% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 25% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 28% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 51% |
1 Year: | 69% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 14% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 11 | 11 | 11 | 12 | 13 | 13 |
Reserves | 56 | 67 | 95 | 130 | 163 | 190 | 246 | 318 | 439 |
142 | 180 | 255 | 272 | 312 | 317 | 393 | 273 | 305 | |
71 | 103 | 88 | 92 | 82 | 82 | 117 | 311 | 237 | |
Total Liabilities | 279 | 360 | 449 | 505 | 568 | 599 | 769 | 916 | 994 |
55 | 81 | 124 | 169 | 173 | 202 | 239 | 287 | 285 | |
CWIP | 7 | 8 | 17 | 4 | 29 | 30 | 29 | 36 | 72 |
Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 2 | 3 |
218 | 271 | 307 | 332 | 365 | 367 | 501 | 590 | 634 | |
Total Assets | 279 | 360 | 449 | 505 | 568 | 599 | 769 | 916 | 994 |
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 | |
---|---|---|---|---|---|---|---|---|
1 | 24 | -6 | 49 | 25 | 64 | -17 | 134 | |
-19 | -39 | -53 | -40 | -39 | -40 | -46 | -104 | |
23 | 14 | 59 | -9 | 14 | -25 | 64 | -29 | |
Net Cash Flow | 5 | -1 | -0 | -0 | -0 | -0 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 55 | 37 | 37 | 41 | 33 | 33 | 28 |
Inventory Days | 86 | 81 | 62 | 45 | 60 | 57 | ||
Days Payable | 32 | 37 | 18 | 17 | 19 | 15 | ||
Cash Conversion Cycle | 103 | 98 | 81 | 64 | 82 | 75 | 33 | 28 |
Working Capital Days | 98 | 85 | 74 | 60 | 77 | 70 | 68 | 45 |
ROCE % | 15% | 19% | 18% | 12% | 13% | 16% | 15% |
Documents
Announcements
- Compliance Certificate Under Regulation 40 Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 16 Apr
- Compliance Certificate Under Regulation 7 Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 16 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Apr - Highest Q4 & FY24 Sales Volume
- Closure of Trading Window 28 Mar
Annual reports
Concalls
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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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May 2023TranscriptNotesPPT
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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
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]