Hi-Tech Pipes

₹127.1 4.6 | 3.7%

WEBSITE BSE:543411 NSE : HITECH 10 May, 16:01

Market Cap ₹2012 Cr.

Stock P/E 39.6

P/B 3.6

Current Price ₹127.1

Book Value ₹ 35.1

Face Value 1

52W High ₹170.3

Dividend Yield 0.02%

52W Low ₹ 70

Edit Ratio

Hi-Tech Pipes Research see more...

Overview Inc. Year: 1985Industry: Steel & Iron Products

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.

Hi-Tech Pipes Share Price

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Peer Comparison

Hi-Tech Pipes Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	440	595	516	599	569	702	642	746	630	681
Other Income	0	1	1	1	1	0	0	1	0	-0
Total Income	440	595	517	599	570	702	642	747	631	681
Total Expenditure	415	565	498	575	541	668	621	719	599	646
Operating Profit	25	31	18	24	29	34	21	27	32	35
Interest	9	12	10	10	8	8	8	10	9	14
Depreciation	2	2	2	2	4	5	3	3	4	6
Exceptional Income / Expenses	0	0	0	-7	0	0	0	0	0	0
Profit Before Tax	14	16	6	6	17	21	11	14	19	15
Provision for Tax	4	5	2	1	4	5	3	4	5	4
Profit After Tax	10	11	4	4	13	16	8	11	14	11
Adjustments	0	0	0	0	-0	-0	0	0	0	0
Profit After Adjustments	10	11	4	4	13	16	8	11	14	11
Adjusted Earnings Per Share	0.8	0.9	0.4	0.4	1.1	1.2	0.6	0.8	1	0.7

Hi-Tech Pipes Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	504	637	1016	1360	1210	1341	1879	2386	2699
Other Income	1	2	1	1	1	1	1	2	1
Total Income	505	640	1017	1362	1211	1341	1880	2388	2701
Total Expenditure	472	598	956	1286	1150	1270	1778	2283	2585
Operating Profit	33	42	61	76	60	72	101	105	115
Interest	17	20	27	30	30	32	36	35	41
Depreciation	6	7	4	5	7	8	10	14	16
Exceptional Income / Expenses	0	0	0	0	0	0	0	-7	0
Profit Before Tax	10	15	30	41	24	31	55	50	59
Provision for Tax	4	5	9	14	3	8	15	12	16
Profit After Tax	6	10	21	27	20	23	40	38	44
Adjustments	0	0	0	0	0	0	0	0	0
Profit After Adjustments	6	10	21	27	20	23	40	38	44
Adjusted Earnings Per Share	0.6	1	2	2.6	1.9	2	3.3	3	3.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	25%	19%	0%
Operating Profit CAGR	4%	21%	11%	0%
PAT CAGR	-5%	24%	13%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	74%	52%	35%	NA%
ROE Average	13%	14%	16%	16%
ROCE Average	13%	14%	14%	15%

Hi-Tech Pipes Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	66	77	114	147	174	205	259	418
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	32	49	70	72	89	116	147	94
Other Non-Current Liabilities	13	15	13	13	14	17	20	25
Total Current Liabilities	168	219	251	274	292	261	345	384
Total Liabilities	279	360	449	505	568	599	771	922
Fixed Assets	55	81	124	169	173	203	239	287
Other Non-Current Assets	12	15	25	8	36	39	40	77
Total Current Assets	213	264	299	328	359	357	492	557
Total Assets	279	360	449	505	568	599	771	922

Hi-Tech Pipes Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	7	2	1	1	1	1	1	1
Cash Flow from Operating Activities	1	24	-6	49	25	64	-17	134
Cash Flow from Investing Activities	-19	-39	-53	-40	-39	-40	-46	-104
Cash Flow from Financing Activities	23	14	59	-9	14	-25	64	-29
Net Cash Inflow / Outflow	5	-1	-0	-0	-0	-0	0	1
Closing Cash & Cash Equivalent	13	1	1	1	1	1	1	2

Hi-Tech Pipes Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.63	1.01	2	2.56	1.87	2.03	3.29	2.96
CEPS(Rs)	1.19	1.68	2.38	3.05	2.47	2.78	4.07	4.03
DPS(Rs)	0.05	0.03	0.03	0.03	0.03	0	0.05	0.03
Book NAV/Share(Rs)	6.44	7.46	10.05	13.16	15.89	17.91	21.07	25.9
Core EBITDA Margin(%)	5.64	5.58	5.78	5.5	4.89	5.28	5.35	4.33
EBIT Margin(%)	4.79	4.94	5.52	5.21	4.46	4.72	4.89	3.57
Pre Tax Margin(%)	1.78	2.08	2.89	3.01	1.97	2.31	2.94	2.09
PAT Margin (%)	1.15	1.45	2.02	2.01	1.69	1.7	2.15	1.58
Cash Profit Margin (%)	2.17	2.42	2.4	2.4	2.23	2.32	2.66	2.16
ROA(%)	2.32	3.25	5.2	5.74	3.8	3.91	5.89	4.45
ROE(%)	9.8	14.5	23.03	22.2	12.97	12.18	17.56	12.78
ROCE(%)	13.02	15.21	18.39	18	11.92	12.56	15.63	12.68
Receivable days	43.49	41.68	35.05	32.37	41.44	35.11	27.98	27
Inventory Days	65.54	57.68	48.9	40.99	49.79	49.99	43.5	43.31
Payable days	31.57	30.8	20.58	15.44	19.19	15.88	13.84	21.3
PER(x)	9.71	12.81	17.99	8.91	3.86	19.52	15.29	27.17
Price/Book(x)	0.95	1.73	3.58	1.73	0.45	2.22	2.39	3.1
Dividend Yield(%)	0.82	0.19	0.07	0.11	0.35	0	0.1	0.03
EV/Net Sales(x)	0.38	0.46	0.61	0.37	0.31	0.56	0.53	0.54
EV/Core EBITDA(x)	5.84	7.01	10.09	6.56	6.15	10.41	9.79	12.13
Net Sales Growth(%)	0	26.49	59.34	33.94	-11.09	10.83	40.15	26.98
EBIT Growth(%)	0	30.3	62.58	23.3	-23.91	17.39	45.06	-7.2
PAT Growth(%)	0	59.81	102.36	30.19	-25.45	11.84	76.85	-6.56
EPS Growth(%)	0	59.81	98.51	27.75	-26.99	9.05	61.5	-10.02
Debt/Equity(x)	2.14	2.34	2.41	1.93	1.8	1.58	1.52	0.83
Current Ratio(x)	1.27	1.2	1.19	1.2	1.23	1.37	1.43	1.45
Quick Ratio(x)	0.66	0.63	0.58	0.65	0.62	0.65	0.67	0.65
Interest Cover(x)	1.59	1.73	2.09	2.37	1.79	1.96	2.52	2.41
Total Debt/Mcap(x)	2.25	1.35	0.67	1.12	3.96	0.71	0.64	0.27

Hi-Tech Pipes Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	59.19	59.31	59.32	59.32	59.32	56.87	55.57	55.27	55.64	53.2
FII	0.01	0.01	0.01	0.01	0.56	1.06	0.81	0.34	0.08	0.39
DII	0	0	0.16	0.16	0	5.09	4.97	4.81	7.45	11.44
Public	40.81	40.69	40.51	40.51	40.11	36.98	38.64	39.58	36.83	34.97
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.72	0.73	0.73	0.73	0.73	7.27	7.27	7.23	7.62	7.97
FII	0	0	0	0	0.01	0.14	0.11	0.04	0.01	0.06
DII	0	0	0	0	0	0.65	0.65	0.63	1.02	1.72
Public	0.5	0.5	0.5	0.5	0.49	4.73	5.06	5.18	5.05	5.24
Others	0	0	0	0	0	0	0	0	0	0
Total	1.22	1.23	1.23	1.23	1.23	12.78	13.08	13.08	13.7	14.99

Pros

Company has reduced debt.

Cons

Company has a low return on equity of 14% over the last 3 years.
Debtor days have increased from 13.84 to 21.3days.
Stock is trading at 3.6 times its book value.

* 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.

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Hi-Tech Pipes

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Hi-Tech Pipes Research see more...

Overview Inc. Year: 1985Industry: Steel & Iron Products

Hi-Tech Pipes Share Price

Alert Data

Quarterly Price

Peer Comparison

Hi-Tech Pipes Quarterly Results

Hi-Tech Pipes Profit & Loss

Growth Rates

Hi-Tech Pipes Balance Sheet

Hi-Tech Pipes Cash Flow

Hi-Tech Pipes Ratios

Hi-Tech Pipes Shareholding Pattern

Hi-Tech Pipes News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

IPO

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