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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

₹91.20 -0.51 (-0.56%)

As on 18-Jun'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

₹91.20 -0.51 (-0.56%)

As on 18-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,863 Cr.
Current Price
₹91.2
52-Week Low / High
₹70 / 127
TTM EPS
₹3.8
TTM Sales
₹4,200 Cr.
Book Value per Share
₹65.7
P/E Ratio
24.46
Lower than its 5-year historical median
Industry PE
25.3
Price to Book (P/B)
1.40
Lower than its 5-year historical median
Price to Sales (P/S)
0.44
Lower than its 5-year historical median
EV/EBITDA
11.46
Lower than its 5-year historical median
Dividend Yield
0.03%
Profitability Efficiency
Return on Equity (ROE)
8.17%
In line with industry median
Return on Capital Employed (ROCE)
11.62%
In line with industry median
Return on Assets (ROA)
4.94%
Operating Profit Margin
5.2%
Net Profit Margin
2.38%
Gross Profit Margin
3.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
13.65%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
39.33%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
66.06%
Asset Quality
Promoter Holding
43.76%
Pledged shares (%) of Promoter's holding (%)
13.56%
Reserves
₹1,313 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

Semi Strong
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 20.46%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Hi-Tech Pipes Ltd?
Promoters hold 43.76% of the Hi-Tech Pipes Ltd, with 13.56% 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 -26.32% 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13%15.2%18.4%18%11.9%12.6%15.6%12.7%12%11.6%-
Value Creation
Index
-0.10.10.30.3-0.2-0.10.1-0.1-0.1-0.2-

Growth Parameters

Sales 5046371,0161,3601,2101,3411,8792,3862,6993,0684,200
Sales YoY Gr.-26.5%59.3%33.9%-11.1%10.8%40.2%27%13.1%13.7%-
Adj EPS 0.6122.61.923.33.32.93.63.8
YoY Gr.-55.6%104.1%28.5%-28%9.7%62.1%0.6%-11.2%21.8%-
BVPS (₹) 6.47.510.113.215.917.921.125.935.261.965.7
Adj Net
Profit
6.510.12127.520.322.840.342.34472.876
Cash Flow from Ops. 0.824.4-5.8492564.1-17.3134-95.269.8-
Debt/CF from Ops. 178.97.4-445.612.54.9-22.72-4.22.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 22.2%20.5%17.8%13.7%
Adj EPS 21.3%14.1%2.9%21.8%
BVPS28.6%31.3%43.2%75.9%
Share Price - -25.8% 5.2% -7.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.81422.121.212.61217.412.58.97.95.9
Op. Profit
Mgn %
6.36.35.95.54.95.35.44.34.35.24.1
Net Profit
Mgn %
1.31.62.121.71.72.21.81.62.41.8
Debt to
Equity
2.12.32.41.91.81.61.50.80.80.20
Working Cap
Days
011796821009581818910348
Cash Conv.
Cycle
071655873705950525325

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5046371,0161,3601,2101,3411,8792,3862,6993,068
Operating Expenses + 4725989561,2861,1501,2701,7782,2832,5842,908
Manufacturing Costs21231619181929364342
Material Costs4335529131,2361,0951,2101,6992,1742,4632,784
Employee Cost 8111214181922263133
Other Costs 10111417192228464749
Operating Profit 324060755971101103115160
Operating Profit Margin (%) 6.3%6.3%5.9%5.5%4.9%5.3%5.3%4.3%4.3%5.2%
Other Income + 1211111212
Exceptional Items 0000000-700
Interest 17202730303236354243
Depreciation 67457810141521
Profit Before Tax 10153041243155505998
Tax 459143815121525
Profit After Tax 6102127202340384473
PAT Margin (%) 1.3%1.6%2.1%2.0%1.7%1.7%2.2%1.6%1.6%2.4%
Adjusted EPS (₹)0.61.02.02.61.92.03.33.02.93.6
Dividend Payout Ratio (%)7.90%2.50%1.30%1%1.30%0%1.50%0.90%0.90%0.70%

Valuation of Hi-Tech Pipes - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 66771061411742012593315281,257
Share Capital 10101111111112131520
Reserves 5667951301631902463185131,237
Debt +135169243258295295364235366179
Long Term Debt32497072891161479410625
Short Term Debt103120172187207179218141259154
Minority Interest0000000000
Trade Payables37584559564980174157250
Others Liabilities 4056554743546818113484
Total Liabilities 2793604495055685997719221,1851,770

Fixed Assets

Net Fixed Assets +5581124169173203239287355392
Gross Block9388135185195233279341424482
Accumulated Depreciation3871116223140546990
CWIP 781742930293662194
Investments 0000000234
Inventories102124154151179188259307347384
Trade Receivables6796104137137121167186280303
Cash Equivalents 131613161917172126183
Others Assets 3634362831415983112311
Total Assets 2793604495055685997719221,1851,770

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 124-6492564-17134-9570
PBT 10153041243155565998
Adjustment 23262633364045485662
Changes in Working Capital -31-13-55-20-28-2-11445-199-72
Tax Paid -2-3-6-6-7-5-4-15-11-19
Cash Flow From Investing Activity + -19-39-53-40-39-40-46-98-153-390
Capex -19-340-28-36-38-45-69-109-190
Net Investments 0-54-3-320-5-5-124
Others 0-0-56-90-3-1-24-39-76
Cash Flow From Financing Activity + 231459-914-2564-35249354
Net Proceeds from Shares 1300000000472
Net Proceeds from Borrowing 1018212192431-5338-81
Interest Paid -17-20-27-30-30-32-36-35-42-43
Dividend Paid -0-1-0-0-0-00-1-0-0
Others 1817651925-1670542546
Net Cash Flow 5-1-0-0-0-001033

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.814.523.0322.212.9712.1817.5612.7810.238.17
ROCE (%)13.0215.2118.391811.9212.5615.6312.6812.0411.62
Asset Turnover Ratio2.032.242.572.852.252.32.742.822.562.08
PAT to CFO Conversion(x)0.172.4-0.291.811.252.78-0.433.53-2.160.96
Working Capital Days
Receivable Days43.5041.7035.1032.4041.4035.10282731.5034.70
Inventory Days65.5057.7048.904149.805043.5043.3044.2043.50
Payable Days31.6031.4020.6015.4019.2015.9013.8021.3024.6026.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *3.012.882.692.572.592.544.133.443.4413.56
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hi-Tech Pipes Ltd FAQs

The current trading price of Hi-Tech Pipes on 18-Jun-2026 16:59 is ₹91.20.

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 17-Jun-2026 the market cap of Hi-Tech Pipes stood at ₹1,862.7 Cr

The latest P/E ratio of Hi-Tech Pipes as of 17-Jun-2026 is 29.03.

The latest P/B ratio of Hi-Tech Pipes as of 17-Jun-2026 is 1.49.

The 52-week high of Hi-Tech Pipes is ₹127.5 and the 52-week low is ₹70.15.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hi-Tech Pipes is ₹3,443 ( 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 Semi Strong which suggest that the price of Hi-Tech Pipes Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Hi-Tech Pipes Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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