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Hi-Tech Pipes Ltd.

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hitechpipes.inBSE: 543411NSE: HITECH
Market Cap₹ 1,551 Cr.
Current Price
High / Low₹ 128 / 70
Stock P/E20.6
Book Value₹ 67
Price to Book1.66
Dividend Yield0.00 %
ROCE11.6 %
ROE8.2 %
Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence
61%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 29.0% CAGR over last 5 years
  • Company has consistently been profitable over the last 5 years
  • Company has delivered good sales growth of 20.5% CAGR over last 5 years
  • Company maintains a comfortable, low leverage position
  • Attractively priced for its growth - PEG of 0.9

CONS

  • Promoter holding has decreased over last 2 years: -10.5pp
  • Working capital days have increased from 34 to 72 days
  • Equity base is being diluted - shares outstanding up 65.5%
  • Though reporting repeated profits, the company pays out little dividend (0.7%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.Name
1.JSWSTEEL1267.5012.51309961.290.564696.00112.5847364.0011.5520.6719.60
2.TATASTEEL182.8520.69228259.992.192385.2418.8260794.2915.2612.7015.40
3.SAIL179.0017.3173936.401.311644.05120.8026245.671.257.0815.92
4.WELCORP2676.2530.5770596.970.191047.88200.114081.1214.9123.9432.17
5.JSL755.2019.1662260.170.53768.667.5611278.5410.5019.1912.09
6.APLAPOLLO2153.0048.6459779.850.39263.1110.945606.7112.0731.837.34
7.SHYAMMETL1074.3526.7029988.530.423507.301106.6354550.901133.3513.8814.03
8.JINDALSAW311.8530.5219943.060.6490.79-78.154452.319.0010.388.79
9.RATNAMANI2808.1545.4719682.880.36107.03-15.82971.63-15.6318.0116.69
10.SARDAEN524.7516.3718491.210.38478.139.501608.04-1.0717.7641.59
11.GPIL244.5020.4116460.690.41222.372.751750.4732.2920.2019.36
12.HITECH76.3720.601551.130.0020.04-4.221412.8078.5311.623.49
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
6427466306818677067617347918591,0701,4801,413
6217195996468246647216997508141,0281,4341,387
Operating Profit21273235434240354144424626
OPM %3.30%3.59%5.01%5.19%4.92%5.98%5.29%4.76%5.18%5.16%3.92%3.13%1.83%
010-0110011001
Interest810914141497812121616
Depreciation3346556467788
Profit before Tax11141915242426242827232326
Tax %25.67%25.00%24.59%25.15%24.79%25.50%25.17%26.79%25.21%25.16%25.08%24.20%24.32%
Net Profit0000181819182120171820
0.610.811.090.841.161.101.080.951.041.010.840.890.99

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
5046371,0161,3601,2101,3411,8792,3862,6993,0684,822
4725989561,2861,1501,2701,7782,2832,5842,9084,663
Operating Profit324060755971101103115160158
OPM %6.34%6.26%5.92%5.50%4.89%5.28%5.35%4.33%4.26%5.22%3.29%
1211111-4122
Interest1720273030323635424355
Depreciation6745781014152129
Profit before Tax10153041243155505998100
Tax %35.51%30.29%30.03%33.27%14.58%26.42%27.11%24.46%25.14%25.55%24.70%
Net Profit610212720234038447375
EPS8.2910.0818.5924.7218.8518.963.382.182.943.59—
Dividend Payout %7.93%2.48%1.25%0.97%1.34%0.00%1.52%0.85%0.85%0.70%—

COMPOUNDED SALES GROWTH

10 Years:
—
5 Years:
20%
3 Years:
18%

COMPOUNDED PROFIT GROWTH

10 Years:
—
5 Years:
29%
3 Years:
22%

STOCK PRICE CAGR

10 Years:
20%
5 Years:
6%
3 Years:
0%
1 Year:
-19%

RETURN ON EQUITY

10 Years:
14%
5 Years:
12%
3 Years:
10%
Last Year:
8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2025

Sep 19

₹ 0.02

Rs.0.0250 per share(2.5%)Final Dividend

2024

Sep 13

₹ 0.02

Rs.0.0250 per share(2.5%)Final Dividend

2023

Sep 22

₹ 0.02

Rs.0.0250 per share(2.5%)Final Dividend

2022

Sep 20

₹ 0.05

Rs.0.5000 per share(5%)Dividend

2018

Jul 5

—

2017

Sep 18

—

2016

Sep 21

₹ 0.05

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital10101111111112131520
5667951301631902463185131,237
145179249273313318394276368183
Trade Payables37584559564980174157250
3146493225323814113280
Total Liabilities2793604495055685997719221,1851,770
5581124169173203239287355392
Capital Work in Progress781742930293662194
0000000234
102124154151179188259307347384
00000000280303
Cash & Bank131613161917172126183
103130140165168162226268112311
Total Assets2793604495055685997719221,1851,770

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
3270553269-13149-9570
Cash from Investing-19-39-53-40-39-40-46-98-153-390
Cash from Financing231459-914-2564-35249354
5-1-0-0-0-001033

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
53.9550.7643.9743.9743.9743.6443.6443.7643.43
1.819.319.798.961.702.391.410.811.06
11.3510.0517.3216.4016.0814.5115.8716.2716.17
Government0.000.000.000.000.000.000.000.000.00
32.8829.8828.9230.6738.2539.4639.0939.1639.35

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08
Copy of Newspaper Publication

2026-09-08 - Hi-Tech Pipes Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03
Shareholders meeting

2026-09-03 - Hi-Tech Pipes Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-09-03
Copy of Newspaper Publication

2026-09-03 - Hi-Tech Pipes Limited has informed the Exchange about Predispatch Newsapaper Publication of AGM of the Company

2026-08-17
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Hi-Tech Pipes Limited has informed the Exchange about Transcript

2026-08-14
Statement of deviation(s) or variation(s) under Reg. 32

2026-08-14 - Hi-Tech Pipes Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

2026-08-14
Monitoring Agency Report

2026-08-14 - Monitoring Agency Report w.r.t. the utilization of Qualified institutional placement ( QIP ) proceeds for the Quarter ended June 30, 2026

2026-08-13
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Hi-Tech Pipes Limited has informed the Exchange about Link of Recording

2026-08-13
Copy of Newspaper Publication

2026-08-13 - Hi-Tech Pipes Limited has informed the Exchange about Copy of Newspaper Publication w.r.t. Un-audited Financial Results for the Quarter ended June 30, 2026

2026-08-12
Investor Presentation

2026-08-12 - Hi-Tech Pipes Limited has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for HITECH

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