WEBSITE BSE:543411 NSE: HITECH Inc. Year: 1985 Industry: Steel & Iron Products My Bucket: Add Stock
Last updated: 15:57
Hi-Tech Pipes Ltd manufactures and sells steel products for infrastructure, buildings, automobiles, power, agriculture, defense, engineering, and telecom industries in India. It offers ERW black metal pipes and tubes used in fencing, line pipes, scaffolding, water and gas conveyance, oil country tubular, hand pumps, collieries, thermal powers, telecom, motors, and agriculture region; rectangular and hollow sections; galvanized and pre-galvanized metal pipes and tubes; metallic beam crash obstacles for applications, together with national highwa...Read More
Hi-Tech Pipes Ltd manufactures and sells steel products for infrastructure, buildings, automobiles, power, agriculture, defense, engineering, and telecom industries in India. It offers ERW black metal pipes and tubes used in fencing, line pipes, scaffolding, water and gas conveyance, oil country tubular, hand pumps, collieries, thermal powers, telecom, motors, and agriculture region; rectangular and hollow sections; galvanized and pre-galvanized metal pipes and tubes; metallic beam crash obstacles for applications, together with national highways, expressways, bridges and flyovers, embankments, mines, collieries, high density fast moving traffic areas in towns, motor racing/test drove tracks, village regions alongside highways, crash test sites, factory areas, traffic protection in airports, plants dealing with risky chemical substances, and multi-story parking lots. The enterprise additionally provides cold rolled sheets and strips utilized in precision tubes, containers, bicycles, furnishings, color coating, galvanizing and tinning, and automobile enterprise to supply automobile frame panels; and cold formed sections, in addition to solar mounting structures and numerous different galvanized products. It operates thru a network of about 200 vendors and 300 dealers. Hi-Tech Pipes Ltd also exports its products. The employer changed into previously referred to as Ram Lal Harbans Lal Ltd and modified its call to Hi-Tech Pipes Ltd in October 1986. Hi-Tech Pipes Ltd changed into integrated in 1985 and is situated in New Delhi, India. ...Read Less
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Market Cap ₹1745 Cr.
Stock P/E 23.9
P/B 1.3
Current Price ₹85.9
Book Value ₹ 64.8
Face Value 1
52W High ₹127.5
Dividend Yield 0.03%
52W Low ₹ 70.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 746 | 630 | 681 | 867 | 706 | 761 | 734 | 791 | 859 | 1070 |
| Other Income | 1 | 0 | -0 | 1 | 1 | 0 | 0 | 1 | 1 | 0 |
| Total Income | 747 | 631 | 681 | 868 | 707 | 761 | 734 | 792 | 860 | 1070 |
| Total Expenditure | 719 | 599 | 646 | 824 | 664 | 721 | 699 | 750 | 814 | 1028 |
| Operating Profit | 27 | 32 | 35 | 43 | 43 | 41 | 35 | 42 | 45 | 42 |
| Interest | 10 | 9 | 14 | 14 | 14 | 9 | 7 | 8 | 12 | 12 |
| Depreciation | 3 | 4 | 6 | 5 | 5 | 6 | 4 | 6 | 7 | 7 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 14 | 19 | 15 | 24 | 24 | 26 | 24 | 28 | 27 | 23 |
| Provision for Tax | 4 | 5 | 4 | 6 | 6 | 6 | 6 | 7 | 7 | 6 |
| Profit After Tax | 11 | 14 | 11 | 18 | 18 | 19 | 18 | 21 | 20 | 17 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 11 | 14 | 11 | 18 | 18 | 19 | 18 | 21 | 20 | 17 |
| Adjusted Earnings Per Share | 0.8 | 1 | 0.7 | 1.1 | 1 | 0.9 | 0.9 | 1 | 1 | 0.9 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 504 | 637 | 1016 | 1360 | 1210 | 1341 | 1879 | 2386 | 2699 | 3068 | 3454 |
| Other Income | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 |
| Total Income | 505 | 640 | 1017 | 1362 | 1211 | 1341 | 1880 | 2388 | 2700 | 3070 | 3456 |
| Total Expenditure | 472 | 598 | 956 | 1286 | 1150 | 1270 | 1778 | 2283 | 2584 | 2908 | 3291 |
| Operating Profit | 33 | 42 | 61 | 76 | 60 | 72 | 101 | 105 | 116 | 162 | 164 |
| Interest | 17 | 20 | 27 | 30 | 30 | 32 | 36 | 35 | 42 | 43 | 39 |
| Depreciation | 6 | 7 | 4 | 5 | 7 | 8 | 10 | 14 | 15 | 21 | 24 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7 | 0 | 0 | 0 |
| Profit Before Tax | 10 | 15 | 30 | 41 | 24 | 31 | 55 | 50 | 59 | 98 | 102 |
| Provision for Tax | 4 | 5 | 9 | 14 | 3 | 8 | 15 | 12 | 15 | 25 | 26 |
| Profit After Tax | 6 | 10 | 21 | 27 | 20 | 23 | 40 | 38 | 44 | 73 | 76 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 6 | 10 | 21 | 28 | 20 | 23 | 40 | 38 | 44 | 73 | 76 |
| Adjusted Earnings Per Share | 0.6 | 1 | 2 | 2.6 | 1.9 | 2 | 3.3 | 3 | 2.9 | 3.6 | 3.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 14% | 18% | 20% | 0% |
| Operating Profit CAGR | 40% | 17% | 22% | 0% |
| PAT CAGR | 66% | 22% | 30% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -14% | 3% | 18% | 28% |
| ROE Average | 8% | 10% | 12% | 14% |
| ROCE Average | 12% | 12% | 13% | 14% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 66 | 77 | 114 | 147 | 174 | 205 | 259 | 418 | 576 | 1257 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 32 | 49 | 70 | 72 | 89 | 116 | 147 | 94 | 106 | 25 |
| Other Non-Current Liabilities | 13 | 15 | 13 | 13 | 14 | 17 | 20 | 25 | 30 | 35 |
| Total Current Liabilities | 168 | 219 | 251 | 274 | 292 | 261 | 345 | 384 | 472 | 452 |
| Total Liabilities | 279 | 360 | 449 | 505 | 568 | 599 | 771 | 922 | 1185 | 1770 |
| Fixed Assets | 55 | 81 | 124 | 169 | 173 | 203 | 239 | 287 | 355 | 392 |
| Other Non-Current Assets | 12 | 15 | 25 | 8 | 36 | 39 | 40 | 77 | 108 | 319 |
| Total Current Assets | 213 | 264 | 299 | 328 | 359 | 357 | 492 | 557 | 722 | 1059 |
| Total Assets | 279 | 360 | 449 | 505 | 568 | 599 | 771 | 922 | 1185 | 1770 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 7 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Cash Flow from Operating Activities | 1 | 24 | -6 | 49 | 25 | 64 | -17 | 134 | -95 | 70 |
| Cash Flow from Investing Activities | -19 | -39 | -53 | -40 | -39 | -40 | -46 | -98 | -153 | -390 |
| Cash Flow from Financing Activities | 23 | 14 | 59 | -9 | 14 | -25 | 64 | -35 | 249 | 354 |
| Net Cash Inflow / Outflow | 5 | -1 | -0 | -0 | -0 | -0 | 0 | 1 | 0 | 33 |
| Closing Cash & Cash Equivalent | 13 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 36 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.63 | 1.01 | 2 | 2.57 | 1.87 | 2.03 | 3.29 | 2.96 | 2.94 | 3.59 |
| CEPS(Rs) | 1.19 | 1.68 | 2.38 | 3.05 | 2.47 | 2.78 | 4.07 | 4.03 | 3.96 | 4.62 |
| DPS(Rs) | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 | 0 | 0.05 | 0.03 | 0.03 | 0.03 |
| Book NAV/Share(Rs) | 6.44 | 7.46 | 10.05 | 13.16 | 15.89 | 17.91 | 21.07 | 25.9 | 35.2 | 61.91 |
| Core EBITDA Margin(%) | 5.64 | 5.58 | 5.78 | 5.5 | 4.89 | 5.28 | 5.35 | 4.33 | 4.26 | 5.22 |
| EBIT Margin(%) | 4.79 | 4.94 | 5.52 | 5.21 | 4.46 | 4.72 | 4.89 | 3.57 | 3.73 | 4.6 |
| Pre Tax Margin(%) | 1.78 | 2.08 | 2.89 | 3.01 | 1.97 | 2.31 | 2.94 | 2.09 | 2.17 | 3.19 |
| PAT Margin (%) | 1.15 | 1.45 | 2.02 | 2.01 | 1.69 | 1.7 | 2.15 | 1.58 | 1.63 | 2.38 |
| Cash Profit Margin (%) | 2.17 | 2.42 | 2.4 | 2.4 | 2.23 | 2.32 | 2.66 | 2.16 | 2.2 | 3.06 |
| ROA(%) | 2.32 | 3.25 | 5.2 | 5.74 | 3.8 | 3.91 | 5.89 | 4.45 | 4.17 | 4.94 |
| ROE(%) | 9.8 | 14.5 | 23.03 | 22.2 | 12.97 | 12.18 | 17.56 | 12.78 | 10.23 | 8.17 |
| ROCE(%) | 13.02 | 15.21 | 18.39 | 18 | 11.92 | 12.56 | 15.63 | 12.68 | 12.04 | 11.62 |
| Receivable days | 43.49 | 41.68 | 35.05 | 32.37 | 41.44 | 35.11 | 27.98 | 27 | 31.49 | 34.68 |
| Inventory Days | 65.54 | 57.68 | 48.9 | 40.99 | 49.79 | 49.99 | 43.5 | 43.31 | 44.18 | 43.48 |
| Payable days | 31.57 | 31.37 | 20.58 | 15.44 | 19.19 | 15.88 | 13.84 | 21.3 | 24.57 | 26.69 |
| PER(x) | 9.71 | 12.82 | 17.99 | 8.85 | 3.86 | 19.52 | 15.29 | 27.17 | 47.53 | 28.66 |
| Price/Book(x) | 0.95 | 1.73 | 3.58 | 1.73 | 0.45 | 2.22 | 2.39 | 3.1 | 3.97 | 1.66 |
| Dividend Yield(%) | 0.82 | 0.19 | 0.07 | 0.11 | 0.35 | 0 | 0.1 | 0.03 | 0.02 | 0.02 |
| EV/Net Sales(x) | 0.38 | 0.46 | 0.61 | 0.37 | 0.31 | 0.56 | 0.53 | 0.54 | 0.91 | 0.68 |
| EV/Core EBITDA(x) | 5.84 | 7.01 | 10.09 | 6.56 | 6.15 | 10.41 | 9.79 | 12.13 | 21.28 | 12.95 |
| Net Sales Growth(%) | 0 | 26.49 | 59.34 | 33.94 | -11.09 | 10.83 | 40.15 | 26.98 | 13.14 | 13.65 |
| EBIT Growth(%) | 0 | 30.3 | 62.58 | 23.3 | -23.91 | 17.39 | 45.06 | -7.2 | 18.04 | 40.23 |
| PAT Growth(%) | 0 | 59.81 | 102.36 | 30.19 | -25.45 | 11.84 | 76.85 | -6.56 | 16.58 | 66.05 |
| EPS Growth(%) | 0 | 59.82 | 98.51 | 28.59 | -27.47 | 9.05 | 61.5 | -10.02 | -0.66 | 22.12 |
| Debt/Equity(x) | 2.14 | 2.34 | 2.41 | 1.93 | 1.8 | 1.58 | 1.52 | 0.83 | 0.76 | 0.15 |
| Current Ratio(x) | 1.27 | 1.2 | 1.19 | 1.2 | 1.23 | 1.37 | 1.43 | 1.45 | 1.53 | 2.34 |
| Quick Ratio(x) | 0.66 | 0.63 | 0.58 | 0.65 | 0.62 | 0.65 | 0.67 | 0.65 | 0.79 | 1.49 |
| Interest Cover(x) | 1.59 | 1.73 | 2.09 | 2.37 | 1.79 | 1.96 | 2.52 | 2.41 | 2.4 | 3.28 |
| Total Debt/Mcap(x) | 2.25 | 1.35 | 0.67 | 1.12 | 3.96 | 0.71 | 0.64 | 0.27 | 0.19 | 0.09 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 55.64 | 53.2 | 53.95 | 50.76 | 43.97 | 43.97 | 43.97 | 43.64 | 43.64 | 43.76 |
| FII | 0.08 | 0.39 | 1.82 | 9.3 | 9.79 | 8.96 | 1.7 | 2.39 | 1.41 | 0.81 |
| DII | 7.45 | 11.44 | 11.35 | 10.06 | 17.32 | 16.4 | 16.08 | 14.51 | 15.86 | 16.27 |
| Public | 36.83 | 34.97 | 32.88 | 29.88 | 28.92 | 30.67 | 38.25 | 39.46 | 39.09 | 39.16 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 7.62 | 7.97 | 8.54 | 8.94 | 8.93 | 8.93 | 8.93 | 8.86 | 8.86 | 8.89 |
| FII | 0.01 | 0.06 | 0.29 | 1.64 | 1.99 | 1.82 | 0.34 | 0.49 | 0.29 | 0.17 |
| DII | 1.02 | 1.72 | 1.8 | 1.77 | 3.52 | 3.33 | 3.27 | 2.95 | 3.22 | 3.3 |
| Public | 5.05 | 5.24 | 5.21 | 5.26 | 5.87 | 6.23 | 7.77 | 8.02 | 7.94 | 7.95 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13.7 | 14.99 | 15.84 | 17.61 | 20.31 | 20.31 | 20.31 | 20.31 | 20.31 | 20.31 |
* The pros and cons are machine generated.
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