Hi-Tech Pipes
HITECH NSE
Hi-Tech Pipes
Industrial ProductsNSE: HITECH BSE: 543411 Iron & Steel Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹1,551 Cr
Volatility
Moderate
P/E Ratio
20.53
EBITDA
₹174 Cr
Return on Equity
5.8%
Debt to Equity
0.2
Book Value
₹65.65
EPS
₹3.61
52W High
₹127.5
52W Low
₹70.14
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Stock is trading at 1.16 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: -12.2%
Growth Rate
Revenue Growth
36.83% higher than
3Y
Net Income Growth
11.44% lower than
3Y
Cash Flow Change
173% higher than
3Y
ROE
-23.88% lower than
3Y
ROCE
-24.11% higher than
3Y
EBITDA Margin (Avg.)
-21.78% lower than
3Y
Quarterly Results
| 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 in Rs | 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
| 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 in Rs | 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
| 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 | 423 |
| 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
| 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 | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hi-Tech Pipes insights
63 extracted metrics + investor summaries across FY16–FY26.
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended March 31, 2026 13 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended March 31, 2026
2
Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Apr - Hi-Tech Pipes reported record Q4FY26 sales volume of 1,47,125 MT; FY26 volume rose 10% to 5,32,437 MT. 6 Apr - Hi-Tech Pipes reported record Q4FY26 sales volume of 1,47,125 MT; FY26 volume rose 10% to 5,32,437 MT.
3
Board Meeting Outcome for Outcome Of The Board Meeting
31 Mar - Hi-Tech to acquire 100% of Sain Software for Rs.25.77 Cr cash; completion within 90 days. 31 Mar - Hi-Tech to acquire 100% of Sain Software for Rs.25.77 Cr cash; completion within 90 days.
4
Announcement under Regulation 30 (LODR)-Acquisition
31 Mar - Hi-Tech Pipes to acquire 100% of Sain Software Systems for Rs.25.77 Crore; completion expected within 90 days. 31 Mar - Hi-Tech Pipes to acquire 100% of Sain Software Systems for Rs.25.77 Crore; completion expected within 90 days.
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 market capitalisation of Hi-Tech Pipes Ltd?
Hi-Tech Pipes Ltd has a market capitalisation of ₹1,551 Cr, which places it in the Small Cap band.
What is the PE ratio of Hi-Tech Pipes Ltd?
Hi-Tech Pipes Ltd trades at a PE ratio of 20.53, on earnings per share of ₹3.61, 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 ₹70.14 and ₹127.5.
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 5.80%. 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.
Website hitechpipes.in
CEO Mr. Ajay Kumar Bansal
Employees 535
Listed 2018-05-07
Face Value ₹ 1
Issued Size 20,31,07,734
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