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

₹ 95.2 -0.29%
27 May - 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

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]

Website BSE NSE
  • Market Cap ₹ 1,933 Cr.
  • Current Price ₹ 95.2
  • High / Low ₹ 128 / 70.1
  • Stock P/E 25.4
  • Book Value ₹ 65.6
  • Dividend Yield 0.03 %
  • ROCE 9.77 %
  • ROE 5.88 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.3% CAGR over last 5 years
  • Company's median sales growth is 26.7% of last 10 years

Cons

  • Company has a low return on equity of 7.12% over last 3 years.
  • Promoter holding has decreased over last 3 years: -13.1%

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
702 642 746 630 681 867 706 761 734 791 859 1,070 1,480
668 621 719 599 646 824 664 721 699 750 814 1,028 1,434
Operating Profit 34 21 27 32 35 43 42 40 35 41 44 42 46
OPM % 5% 3% 4% 5% 5% 5% 6% 5% 5% 5% 5% 4% 3%
0 0 1 0 -0 1 1 0 0 1 1 0 0
Interest 8 8 10 9 14 14 14 9 7 8 12 12 16
Depreciation 5 3 3 4 6 5 5 6 4 6 7 7 8
Profit before tax 21 11 14 19 15 24 24 26 24 28 27 23 23
Tax % 23% 26% 25% 25% 25% 25% 26% 25% 27% 25% 25% 25% 24%
16 8 11 14 11 18 18 19 18 21 20 17 18
EPS in Rs 1.24 0.61 0.80 1.05 0.74 1.14 1.03 0.94 0.87 1.03 1.00 0.86 0.87
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Upcoming result date: today

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 Mar 2026
504 637 1,016 1,360 1,210 1,341 1,879 2,386 2,699 3,068 4,200
472 598 956 1,286 1,150 1,270 1,778 2,283 2,584 2,908 4,027
Operating Profit 32 40 60 75 59 71 101 103 115 160 174
OPM % 6% 6% 6% 6% 5% 5% 5% 4% 4% 5% 4%
1 2 1 1 1 1 1 -4 1 2 3
Interest 17 20 27 30 30 32 36 35 42 43 48
Depreciation 6 7 4 5 7 8 10 14 15 21 27
Profit before tax 10 15 30 41 24 31 55 50 59 98 101
Tax % 35% 30% 30% 33% 15% 26% 27% 24% 25% 26% 25%
6 10 21 27 20 23 40 38 44 73 76
EPS in Rs 0.63 1.01 2.04 2.56 1.87 2.03 3.29 2.95 2.93 3.59 3.75
Dividend Payout % 8% 2% 1% 1% 1% 0% 2% 1% 1% 1% 0%
Compounded Sales Growth
10 Years: 24%
5 Years: 26%
3 Years: 21%
TTM: 37%
Compounded Profit Growth
10 Years: 28%
5 Years: 27%
3 Years: 21%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: 19%
3 Years: 7%
1 Year: -3%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 7%
Last Year: 6%

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 Mar 2026
Equity Capital 10 10 10 11 11 11 12 13 15 20 20
Reserves 56 67 103 136 163 194 246 405 561 1,237 1,313
142 180 255 272 312 317 393 273 402 192 268
71 103 80 86 82 77 117 224 200 307 423
Total Liabilities 279 360 449 505 568 599 769 916 1,179 1,756 2,024
55 81 124 169 173 202 239 287 355 392 634
CWIP 7 8 17 4 29 30 29 36 62 194 103
Investments 0 0 0 0 0 0 0 2 3 4 5
218 271 307 332 365 367 501 590 759 1,166 1,282
Total Assets 279 360 449 505 568 599 769 916 1,179 1,756 2,024

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 Mar 2026
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
Free Cash Flow -18 -10 -62 16 -11 23 -63 64 -204 -120
CFO/OP 8% 69% 0% 73% 53% 97% -13% 144% -73% 55%

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 Mar 2026
Debtor Days 49 55 37 37 41 33 33 28 38 36 39
Inventory Days 86 81 62 45 60 57 610 716 53
Days Payable 32 37 18 17 19 15 277 466 34
Cash Conversion Cycle 103 98 81 64 82 75 33 28 371 287 58
Working Capital Days 23 16 13 10 15 22 25 23 30 50 49
ROCE % 15% 18% 18% 12% 13% 16% 14% 12% 12% 10%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Installed Manufacturing Capacity
MTPA

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EBITDA per Metric Ton
INR
Net Working Capital Days
Days
Sales Volume
Metric Tons
Number of Dealers & Distributors
Count
Value Added Products (VAP) Contribution
% of Revenue
Capacity Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.58% 55.27% 55.63% 53.19% 53.96% 50.76% 43.97% 43.97% 43.97% 43.63% 43.63% 43.76%
0.81% 0.34% 0.08% 0.38% 1.81% 9.31% 9.79% 8.96% 1.70% 2.39% 1.41% 0.81%
4.97% 4.82% 7.45% 11.44% 11.35% 10.05% 17.32% 16.40% 16.08% 14.51% 15.87% 16.27%
38.65% 39.57% 36.84% 34.97% 32.89% 29.89% 28.84% 30.52% 38.09% 39.28% 38.90% 38.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.15% 0.15% 0.20% 0.20% 0.20%
No. of Shareholders 19,01029,57539,28345,88852,23761,93773,11878,2931,07,8431,04,4101,01,1631,01,479

* 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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