Hi-Tech Pipes
Industrial Products
HITECH NSE
₹77.16 +2.53 (+3.39%)
- P/E
- 20.74
Close 4 Nov 2026 ₹77.16 −27.81 −26.5% 1Y
Start ₹104.97
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 9.77%
- Debt to Equity
- 0.20
- EPS (TTM)
- ₹3.72
- Book Value
- ₹65.65
- Market Cap
- —
- P/E (TTM)
- 20.74
- P/B
- 1.18
- ROE
- 5.88%
- Dividend Yield
- 0.04%
- EBITDA
- ₹176 Cr
- 52W High
- ₹111.53
- 52W Low
- ₹62.10
- Day Range
- ₹74.00 – ₹78.40
- Volume
- 12,34,716
Peer Comparison
Industrials › Industrial Products › Iron & Steel Products
| ₹2,400.00 | 27.41 | ₹60,980 Cr | 5.96 | 0.22% | 19.40% | 22.90% | ₹17,300 Cr | ₹2,319 Cr | |
| ₹2,199.80 | 49.69 | ₹60,246 Cr | 10.64 | 0.39% | 25.40% | 31.80% | ₹23,065 Cr | ₹1,229 Cr | |
| ₹1,231.40 | 30.60 | ₹34,478 Cr | 2.78 | 0.15% | 9.70% | 13.00% | ₹19,584 Cr | ₹1,121 Cr | |
| ₹2,449.40 | 39.67 | ₹17,025 Cr | 4.18 | 0.42% | 12.60% | 17.90% | ₹4,314 Cr | ₹514 Cr | |
| ₹253.22 | 29.51 | ₹15,754 Cr | 1.28 | 0.81% | 8.20% | 10.40% | ₹18,501 Cr | ₹498 Cr | |
| ₹486.00 | 29.21 | ₹14,245 Cr | 4.49 | 0.81% | 15.10% | 19.50% | ₹3,837 Cr | ₹508 Cr | |
| ₹529.15 | 29.28 | ₹12,939 Cr | 3.66 | 0.38% | 15.60% | 18.20% | ₹4,437 Cr | ₹436 Cr | |
| Hi-Tech Pipes (this company) | ₹77.16 | 20.74 | ₹1,531 Cr | 1.18 | 0.04% | 5.88% | 9.77% | ₹4,822 Cr | ₹75 Cr |
| Median 8 companies | ₹880.28 | 29.40 | ₹16,390 Cr | 3.92 | 0.39% | 13.85% | 18.05% | ₹11,061 Cr | ₹511 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
45 Average
Data confidence 100/100
Category scores
- Quality
- 32
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 50
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 96
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 42
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 28
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 39
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
4- Stock is trading at 1.09 times its book value
- 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
Weaknesses
2- Company has a low return on equity of 7.12% over last 3 years.
- Promoter holding has decreased over last 3 years: -11.8%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 7 | 3 | 9 |
| Oscillators | Neutral | 3 | 3 | 3 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |
Oscillators
Neutral
Bearish
3
Neutral
3
Bullish
3
Overall
Bullish
Bearish
7
Neutral
3
Bullish
9
Moving Averages
Strong Bullish
Bearish
4
Neutral
0
Bullish
6
Key readings
- RSI (14)
- 64.06
- Neutral
- MACD (12,26,9)
- −0.40
- Bullish
- SMA (50)
- 73.40
- Bullish
- SMA (200)
- 81.89
- Bearish
As of
Analyst Rating
Based on 1 analysts
1 of 1 analyst rates Buy, 0 Hold, 0 Sell.
As of
BUY
1
100% HOLD
0
0% SELL
0
0% Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +23.62% |
|---|---|
| 5Y | +25.65% |
| 3Y | +20.74% |
| 1Y | +36.90% |
| TTM | +61.16% |
Net profit
| 10Y | +28.90% |
|---|---|
| 5Y | +27.00% |
| 3Y | +25.99% |
| 1Y | +4.11% |
| TTM | −1.32% |
Operating cash flow
| 10Y | +11.61% |
|---|---|
| 5Y | −45.78% |
| 3Y | −71.82% |
| 1Y | −95.71% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −2.21 pp |
|---|---|
| 5Y | −1.15 pp |
| 3Y | −0.18 pp |
| 1Y | −1.08 pp |
| TTM | −1.53 pp |
Revenue by year
| Mar 2017 | ₹637 Cr |
|---|---|
| Mar 2018 | ₹1,016 Cr |
| Mar 2019 | ₹1,360 Cr |
| Mar 2020 | ₹1,210 Cr |
| Mar 2021 | ₹1,341 Cr |
| Mar 2022 | ₹1,879 Cr |
| Mar 2023 | ₹2,386 Cr |
| Mar 2024 | ₹2,699 Cr |
| Mar 2025 | ₹3,068 Cr |
| Mar 2026 | ₹4,200 Cr |
Net profit by year
| Mar 2017 | ₹10.00 Cr |
|---|---|
| Mar 2018 | ₹21.00 Cr |
| Mar 2019 | ₹27.00 Cr |
| Mar 2020 | ₹20.00 Cr |
| Mar 2021 | ₹23.00 Cr |
| Mar 2022 | ₹40.00 Cr |
| Mar 2023 | ₹38.00 Cr |
| Mar 2024 | ₹44.00 Cr |
| Mar 2025 | ₹73.00 Cr |
| Mar 2026 | ₹76.00 Cr |
Analyst Forecasts
Forecast For
FY27 consensus · EBITDA
₹227 Cr +28.7% vs FY26
Reported High Mean Low
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 642 | 746 | 630 | 681 | 867 | 706 | 761 | 734 | 791 | 859 | 1,070 | 1,480 | 1,413 |
| Expenses | 621 | 719 | 599 | 646 | 824 | 664 | 721 | 699 | 750 | 814 | 1,028 | 1,434 | 1,363 |
| Operating Profit | 21 | 27 | 32 | 35 | 43 | 42 | 40 | 35 | 41 | 44 | 42 | 46 | 49 |
| OPM % | 3.3% | 3.6% | 5% | 5% | 4.9% | 6% | 5% | 4.8% | 5% | 5% | 3.9% | 3.1% | 3.5% |
| Other Income | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Interest | 8 | 10 | 9 | 14 | 14 | 14 | 9 | 7 | 8 | 12 | 12 | 16 | 16 |
| Depreciation | 3 | 3 | 4 | 6 | 5 | 5 | 6 | 4 | 6 | 7 | 7 | 8 | 8 |
| PBT | 11 | 14 | 19 | 15 | 24 | 24 | 26 | 24 | 28 | 27 | 23 | 23 | 26 |
| Tax % | 26% | 25% | 25% | 25% | 25% | 26% | 25% | 27% | 25% | 25% | 25% | 24% | 24% |
| Net Profit | 8 | 11 | 14 | 11 | 18 | 18 | 19 | 18 | 21 | 20 | 17 | 18 | 20 |
| EPS (₹) | 0.61 | 0.8 | 1.05 | 0.74 | 1.14 | 1.03 | 0.94 | 0.87 | 1.03 | 1 | 0.86 | 0.87 | 0.99 |
Profit & Loss
₹ Cr| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 504 | 637 | 1,016 | 1,360 | 1,210 | 1,341 | 1,879 | 2,386 | 2,699 | 3,068 | 4,200 | 4,822 |
| Expenses | 472 | 598 | 956 | 1,286 | 1,150 | 1,270 | 1,778 | 2,283 | 2,584 | 2,908 | 4,027 | 4,640 |
| Operating Profit | 32 | 40 | 60 | 75 | 59 | 71 | 101 | 103 | 115 | 160 | 174 | 182 |
| OPM % | 6% | 6% | 6% | 6% | 4.9% | 5% | 5% | 4.3% | 4.2% | 5% | 4.1% | 3.8% |
| Other Income | 1 | 2 | 1 | 1 | 1 | 1 | 1 | −4 | 1 | 2 | 3 | 2 |
| Interest | 17 | 20 | 27 | 30 | 30 | 32 | 36 | 35 | 42 | 43 | 48 | 55 |
| Depreciation | 6 | 7 | 4 | 5 | 7 | 8 | 10 | 14 | 15 | 21 | 27 | 29 |
| PBT | 10 | 15 | 30 | 41 | 24 | 31 | 55 | 50 | 59 | 98 | 101 | 100 |
| Tax % | 35% | 30% | 30% | 33% | 15% | 26% | 27% | 24% | 25% | 26% | 25% | — |
| Net Profit | 6 | 10 | 21 | 27 | 20 | 23 | 40 | 38 | 44 | 73 | 76 | 75 |
| EPS (₹) | 0.63 | 1.01 | 2.04 | 2.56 | 1.87 | 2.03 | 3.29 | 2.95 | 2.93 | 3.59 | 3.75 | 3.72 |
| Div. Payout % | 8% | 2% | 1% | 1% | 1% | 0% | 2% | 1% | 1% | 1% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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 |
| Borrowings | 142 | 180 | 255 | 272 | 312 | 317 | 393 | 273 | 402 | 192 | 268 |
| Other Liabilities | 71 | 103 | 80 | 86 | 82 | 77 | 117 | 224 | 200 | 307 | 422 |
| Total Liabilities | 279 | 360 | 449 | 505 | 568 | 599 | 769 | 916 | 1,179 | 1,756 | 2,024 |
| Fixed Assets | 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 |
| Other Assets | 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 Flow
₹ Cr| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1 | 24 | −6 | 49 | 25 | 64 | −17 | 134 | −95 | 70 | 3 |
| Investing | −19 | −39 | −53 | −40 | −39 | −40 | −46 | −98 | −153 | −390 | −41 |
| Financing | 23 | 14 | 59 | −9 | 14 | −25 | 64 | −35 | 249 | 354 | 23 |
| Net Cash Flow | 5 | −1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 33 | −14 |
| Free Cash Flow | −18 | −10 | −62 | 16 | −11 | 23 | −63 | 64 | −204 | −120 | −167 |
| CFO/OP | 8 | 69 | 0 | 73 | 53 | 97 | −13 | 144 | −73 | 55 | 14 |
Ratios
| Particulars | 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 | 266 |
| Days Payable | 32 | 37 | 18 | 17 | 19 | 15 | — | — | 277 | 466 | 173 |
| Cash Conversion Cycle | 103 | 98 | 81 | 64 | 82 | 75 | 33 | 28 | 371 | 287 | 132 |
| 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hi-Tech Pipes insights
64 extracted metrics across FY16–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Concall · Jun 2026Transcript PPT
- Concall · May 2026PPT
- Q3 FY26 concall · Feb 2026Transcript PPT Recording
- Q2 FY26 concall · Nov 2025Transcript PPT Recording
- 28 May 2026
- 12 Nov 2025
- 8 Aug 2025
- 10 Sep 2025
- 18 Jul 2025
- 16 Apr 2025
- 7 Feb 2025
- 7 Feb 2025
- General announcements 2 Nov 2026
- General announcements 13 Oct 2026
Frequently Asked Questions about Hi-Tech Pipes
What does Hi-Tech Pipes Ltd do?
Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india.
Where is Hi-Tech Pipes Ltd (HITECH) listed?
Hi-Tech Pipes Ltd trades as HITECH on the NSE and under code 543411 on the BSE.
Which sector does Hi-Tech Pipes Ltd belong to?
Hi-Tech Pipes Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Hi-Tech Pipes Ltd?
Hi-Tech Pipes Ltd trades at a PE ratio of 20.74 as of 4 Nov 2026, on earnings per share of ₹3.72, against a book value of ₹65.65 per share.
What is the 52-week high and low of Hi-Tech Pipes Ltd?
Over the last 52 weeks Hi-Tech Pipes Ltd has traded between ₹62.1 and ₹111.53 as of 4 Nov 2026.
Does Hi-Tech Pipes Ltd pay dividends?
Hi-Tech Pipes Ltd has a dividend yield of 0.04%.
What is the Return on Equity (ROE) of Hi-Tech Pipes Ltd?
Hi-Tech Pipes Ltd reported a return on equity of 5.88%. Its debt-to-equity ratio is 0.20.
Company Information
Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india.
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