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Hi-Tech Pipes Ltd (HITECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543411 NSE: HITECH Steel & Iron Products | Small Cap | Hi-Tech Pipes Share Price

₹71.48 -1.13 (-1.56%)

As on 01-Oct'26 16:59

Hi-Tech Pipes Ltd (HITECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543411 NSE: HITECH Steel & Iron Products | Small Cap | Hi-Tech Pipes Share Price

₹71.48 -1.13 (-1.56%)

As on 01-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,452 Cr.
Current Price
₹71.5
52-Week Low / High
₹70 / 124
TTM EPS
₹3.7
TTM Sales
₹4,822 Cr.
Book Value per Share
₹66.6
P/E Ratio
19.29
Lower than its 5-year historical median
Industry PE
24.2
Price to Book (P/B)
1.07
Lower than its 5-year historical median
Price to Sales (P/S)
0.30
Lower than its 5-year historical median
EV/EBITDA
8.73
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.88%
Underperforms industry median
Return on Capital Employed (ROCE)
9.85%
Underperforms industry median
Return on Assets (ROA)
4.00%
Operating Profit Margin
4.1%
Net Profit Margin
1.81%
Gross Profit Margin
3.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
35%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
8.45%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
4.4%
Asset Quality
Promoter Holding
43.43%
Pledged shares (%) of Promoter's holding (%)
13.00%
Reserves
₹1,333 Cr.
Equity
₹20.3 Cr.
Face Value
₹1
All Time Low / High
₹32.30 / 210.75

Hi-Tech Pipes stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Hi-Tech Pipes Ltd a good quality company?
Hi-Tech Pipes Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Hi-Tech Pipes Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hi-Tech Pipes Ltd vs industry peers?
Hi-Tech Pipes Ltd revenue CAGR is 25.66%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Hi-Tech Pipes Ltd?
Promoters hold 43.43% of the Hi-Tech Pipes Ltd, with 13.00% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Hi-Tech Pipes Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -34.33% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hi-Tech Pipes Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ15.2%17%16.9%11.5%11.7%15.8%12.3%11.3%11.3%9.3%-
Value Creation
Index ⓘ
0.10.20.2-0.2-0.20.1-0.1-0.2-0.2-0.3-

Growth Parameters ⓘ

Sales ⓘ5918221,1189671,0261,5121,8612,2072,5503,4433,924
Sales YoY Gr.-38.9%36%-13.5%6.2%47.3%23.1%18.6%15.5%35%-
Adj EPS ⓘ0.81.41.71.31.32.42.62.33.13.23
YoY Gr.-69.5%22.3%-25.9%6.4%81.3%7.8%-13.7%38.5%1%-
BVPS (₹) ⓘ7.39.311.513.715.117.721.931.158.561.662.4
Adj Net
Profit ⓘ
8.514.618.213.81529.933.433.963.664.262
Cash Flow from Ops. ⓘ39.25.1523.275.66.956.2-70.512086.7-
Debt/CF from Ops. ⓘ3.937.13.6752.837.73.2-4.21.11.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ21.6%27.4%22.8%35%
Adj EPS ⓘ16.2%18.7%6.5%1%
BVPSⓘ26.8%32.5%41.1%5.4%
Share Price - -34.4% -3.9% -39.2%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
1216.115.59.99.315.311.57.77.55.34.9
Op. Profit
Mgn % ⓘ
6.25.64.94.654.94.245.34.33.8
Net Profit
Mgn % ⓘ
1.41.81.61.41.521.81.52.51.91.6
Debt to
Equity ⓘ
21.91.51.61.31.20.60.60.10.1-
Working Cap
Days ⓘ
119100781009774808711011146
Cash Conv.
Cycle ⓘ
7065526665484551493823

Valuation of Hi-Tech Pipes - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *2.882.692.572.592.544.133.443.4413.5613.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6371,0161,3601,2101,3411,8792,3862,6993,0684,200
Operating Expenses ⓘ + 5989561,2861,1501,2701,7782,2832,5842,9084,027
Manufacturing Costs23161918192936434239
Material Costs5529131,2361,0951,2101,6992,1742,4632,7843,894
Employee Cost 11121418192226313336
Other Costs ⓘ 11141719222846474959
Operating Profit ⓘ 4060755971101103115160174
Operating Profit Margin (%) 6.3%5.9%5.5%4.9%5.3%5.3%4.3%4.3%5.2%4.1%
Other Income ⓘ + 2111112123
Exceptional Items ⓘ 000000-7000
Interest ⓘ 20273030323635424348
Depreciation ⓘ 745781014152127
Profit Before Tax ⓘ 153041243155505998101
Tax ⓘ 5914381512152525
Profit After Tax 10212720234038447376
PAT Margin (%) 1.6%2.1%2.0%1.7%1.7%2.2%1.6%1.6%2.4%1.8%
Adjusted EPS (₹)1.02.02.61.92.03.33.02.93.63.8
Dividend Payout Ratio (%)2.50%1.30%1%1.30%0%1.50%0.90%0.90%0.70%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 771061411742012593315281,2571,333
Share Capital ⓘ 10.3010.5010.7010.9311.2112.2712.7814.9920.3120.31
Reserves ⓘ 67951301631902463185131,2371,313
Debt +169243258295295364235366179234
Long Term Debt49707289116147941062566
Short Term Debt120172187207179218141259154168
Minority Interest0000000000
Trade Payables584559564980174157250368
Others Liabilities ⓘ 56554743546818113484102
Total Liabilities ⓘ 3604495055685997719221,1851,7702,038

Fixed Assets

Net Fixed Assets ⓘ +81124169173203239287355392634
Gross Block88135185195233279341424482751
Accumulated Depreciation71116223140546990117
CWIP ⓘ 81742930293662194103
Investments ⓘ 0000002345
Inventories124154151179188259307347384566
Trade Receivables96104137137121167186280303449
Cash Equivalents 161316191717212618387
Others Assets ⓘ 34362831415983112311195
Total Assets ⓘ 3604495055685997719221,1851,7702,038
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 24-6492564-17134-95703
PBT ⓘ 153041243155565998101
Adjustment ⓘ 26263336404548566275
Changes in Working Capital ⓘ -13-55-20-28-2-11445-199-72-151
Tax Paid ⓘ -3-6-6-7-5-4-15-11-19-22
Cash Flow From Investing Activity ⓘ + -39-53-40-39-40-46-98-153-390-41
Capex -340-28-36-38-45-69-109-190-170
Net Investments -54-3-320-5-5-12479
Others ⓘ -0-56-90-3-1-24-39-7650
Cash Flow From Financing Activity ⓘ + 1459-914-2564-3524935423
Net Proceeds from Shares ⓘ 000000004720
Net Proceeds from Borrowing ⓘ 18212192431-5338-8135
Interest Paid ⓘ -20-27-30-30-32-36-35-42-43-48
Dividend Paid ⓘ -1-0-0-0-00-1-0-0-0
Others ⓘ 17651925-167054254636
Net Cash Flow ⓘ -1-0-0-0-001033-14
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)14.523.0322.212.9712.1817.5612.7810.238.175.88
ROCE (%)15.2118.391811.9212.5615.6312.6812.0411.629.85
Asset Turnover Ratio2.242.572.852.252.32.742.822.562.082.21
PAT to CFO Conversion(x)2.4-0.291.811.252.78-0.433.53-2.160.960.04
Working Capital Days
Receivable Days41.7035.1032.4041.4035.10282731.5034.7032.70
Inventory Days57.7048.904149.805043.5043.3044.2043.5041.30
Payable Days31.4020.6015.4019.2015.9013.8021.3024.6026.7029

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Hi-Tech Pipes Ltd FAQs

The current trading price of Hi-Tech Pipes on 01-Oct-2026 16:59 is ₹71.48.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Sep-2026 the market cap of Hi-Tech Pipes stood at ₹1,451.8 Cr

The latest P/E ratio of Hi-Tech Pipes as of 30-Sep-2026 is 23.62.

The latest P/B ratio of Hi-Tech Pipes as of 30-Sep-2026 is 1.15.

The 52-week high of Hi-Tech Pipes is ₹123.8 and the 52-week low is ₹69.81.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hi-Tech Pipes is ₹3,924 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hi-Tech Pipes Ltd is a below average quality company.

The key valuation ratios of Hi-Tech Pipes Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hi-Tech Pipes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Hi-Tech Pipes Ltd

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