Is Hi-Tech Pipes Ltd (HITECH) a good quality company?

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

Is Hi-Tech Pipes Ltd (HITECH) undervalued or overvalued?

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 .

What is Hi-Tech Pipes Ltd (HITECH) share price return in the past 10 years?

Data is not available for this company

Is Hi-Tech Pipes Ltd (HITECH) a good buy now?

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

What is the share price of Hi-Tech Pipes Ltd (HITECH)?

Company share prices are keep on changing according to the market conditions. The current trading price of Hi-Tech Pipes Ltd (HITECH) on 04-May-2026 16:59:59 at 16:59 is 92.89.

What is the P/E ratio of Hi-Tech Pipes?

The latest standalone P/E ratio of Hi-Tech Pipes as of 04-May-2026 is 29.27.

What is the P/B ratio of Hi-Tech Pipes Ltd (HITECH)?

The latest standalone P/B ratio of Hi-Tech Pipes Ltd (HITECH) as of 04-May-2026 is 1.53.

What is the 52-week high and low of Hi-Tech Pipes Ltd (HITECH)?

The 52-week high of Hi-Tech Pipes Ltd (HITECH) is Rs. 127.46 and the 52-week low is Rs. 70.15.

Hi-Tech Pipes Ltd (HITECH) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Hi-Tech Pipes Ltd (HITECH)
Brand: Hi-Tech Pipes

Hi-Tech Pipes Ltd (HITECH) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Hi-Tech Pipes Ltd (HITECH)

BSE: 543411 NSE: HITECH

Key Metrics

Market Cap

₹1,887 Cr.

P/E Ratio

24.76

Price to Book (P/B)

1.43

Price to Sales (P/S)

0.55

EV/EBITDA

12.17

Return on Capital Employed (ROCE)

11.62%

Current Price

₹92.9

Return on Equity (ROE)

8.17%

Return on Assets (ROA)

4.94%

Operating Profit Margin

5.2%

Net Profit Margin

2.38%

Gross Profit Margin

3.9%

Book Value per Share

₹64.8

Sales Growth (YoY)

13.65%

Sales Growth (3 Years)

17.75%

Operating Profit Growth (1 Year)

39.33%

Operating Profit Growth (3 Years)

16.77%

Net Profit Growth (1 Year)

66.06%

52-Week Low / High

₹70 / 127

Net Profit Growth (3 Years)

21.85%

Dividend Yield

0.02%

Promoter Holding

43.76%

Pledged shares (%)
of Promoter's holding (%)

13.56%

Check Before You Invest

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 -24.22% based on the current price.

Q.1 Revenue growth of Hi-Tech Pipes Ltd?

Hi-Tech Pipes Ltd revenue growth is 13.7% for FY-2025, which is below its 5-year CAGR of 20.46%, indicating slower growth.

Q.1 Which industry/sub-sector does Hi-Tech Pipes Ltd belong to?

Hi-Tech Pipes Ltd belongs to the Metals & Mining sector, operating specifically within the Steel & Iron Products segment.

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 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 11.40%, indicating faster growth and gaining its market share.

DeciZen - make an informed investing decision on Hi-Tech Pipes

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

Hi-Tech Pipes stock performance

Key Ratios

Is Hi-Tech Pipes Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	13%	15.2%	18.4%	18%	11.9%	12.6%	15.6%	12.7%	12%	11.6%	-
Value Creation Index ⓘ	-0.1	0.1	0.3	0.3	-0.2	-0.1	0.1	-0.1	-0.1	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	504	637	1,016	1,360	1,210	1,341	1,879	2,386	2,699	3,068	3,453
Sales YoY Gr.	-	26.5%	59.3%	33.9%	-11.1%	10.8%	40.2%	27%	13.1%	13.7%	-
Adj EPS ⓘ	0.6	1	2	2.6	1.9	2	3.3	3.3	2.9	3.6	3.8
YoY Gr.	-	55.6%	104.1%	28.5%	-28%	9.7%	62.1%	0.6%	-11.2%	21.8%	-
BVPS (₹) ⓘ	6.4	7.5	10.1	13.2	15.9	17.9	21.1	25.9	35.2	61.9	64.8
Adj Net Profit ⓘ	6.5	10.1	21	27.5	20.3	22.8	40.3	42.3	44	72.8	76
Cash Flow from Ops. ⓘ	0.8	24.4	-5.8	49	25	64.1	-17.3	134	-95.2	69.8	-
Debt/CF from Ops. ⓘ	178.9	7.4	-44	5.6	12.5	4.9	-22.7	2	-4.2	2.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	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%
BVPSⓘ	28.6%	31.3%	43.2%	75.9%
Share Price	-	-24%	8.5%	1.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	9.8	14	22.1	21.2	12.6	12	17.4	12.5	8.9	7.9	5.9
Op. Profit Mgn % ⓘ	6.3	6.3	5.9	5.5	4.9	5.3	5.4	4.3	4.3	5.2	4.7
Net Profit Mgn % ⓘ	1.3	1.6	2.1	2	1.7	1.7	2.2	1.8	1.6	2.4	2.2
Debt to Equity ⓘ	2.1	2.3	2.4	1.9	1.8	1.6	1.5	0.8	0.8	0.2	-
Working Cap Days ⓘ	0	117	96	82	100	95	81	81	89	103	62
Cash Conv. Cycle ⓘ	0	71	65	58	73	70	59	50	52	53	34

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	3.2	3.8
TTM Sales (₹ Cr.)	2,826	3,453
BVPS (₹) ⓘ	60.8	64.8
Reserves (₹ Cr.) ⓘ	1,215	1,296
P/BV ⓘ	1.53	1.43
PE ⓘ	29.27	24.76

From the Market
52 Week Low / High (₹)	70.15 / 127.46
All Time Low / High (₹)	32.30 / 210.75
Market Cap (₹ Cr.)	1,887
Equity (₹ Cr.)	20.3
Face Value (₹)	1
Industry PE ⓘ	27.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

3.01

2.88

2.69

2.57

2.59

2.54

4.13

3.44

13.56

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

Valuation of Hi-Tech Pipes - Consolidated Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	504	637	1,016	1,360	1,210	1,341	1,879	2,386	2,699	3,068
Operating Expenses ⓘ +	472	598	956	1,286	1,150	1,270	1,778	2,283	2,584	2,908
Manufacturing Costs	21	23	16	19	18	19	29	36	43	42
Material Costs	433	552	913	1,236	1,095	1,210	1,699	2,174	2,463	2,784
Employee Cost	8	11	12	14	18	19	22	26	31	33
Other Costs ⓘ	10	11	14	17	19	22	28	46	47	49
Operating Profit ⓘ	32	40	60	75	59	71	101	103	115	160
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 ⓘ +	1	2	1	1	1	1	1	2	1	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	-7	0	0
Interest ⓘ	17	20	27	30	30	32	36	35	42	43
Depreciation ⓘ	6	7	4	5	7	8	10	14	15	21
Profit Before Tax ⓘ	10	15	30	41	24	31	55	50	59	98
Tax ⓘ	4	5	9	14	3	8	15	12	15	25
Profit After Tax	6	10	21	27	20	23	40	38	44	73
PAT Margin (%)	1.3%	1.6%	2.1%	2.0%	1.7%	1.7%	2.2%	1.6%	1.6%	2.4%
Adjusted EPS (₹)	0.6	1.0	2.0	2.6	1.9	2.0	3.3	3.0	2.9	3.6
Dividend Payout Ratio (%)	7.90%	2.50%	1.30%	1%	1.30%	0%	1.50%	0.90%	0.90%	0.70%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	66	77	106	141	174	201	259	331	528	1,257
Share Capital ⓘ	10	10	11	11	11	11	12	13	15	20
Reserves ⓘ	56	67	95	130	163	190	246	318	513	1,237
Debt +	135	169	243	258	295	295	364	235	366	179
Long Term Debt	32	49	70	72	89	116	147	94	106	25
Short Term Debt	103	120	172	187	207	179	218	141	259	154
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	37	58	45	59	56	49	80	174	157	250
Others Liabilities ⓘ	40	56	55	47	43	54	68	181	134	84
Total Liabilities ⓘ	279	360	449	505	568	599	771	922	1,185	1,770
Fixed Assets
Net Fixed Assets ⓘ +	55	81	124	169	173	203	239	287	355	392
Gross Block	93	88	135	185	195	233	279	341	424	482
Accumulated Depreciation	38	7	11	16	22	31	40	54	69	90
CWIP ⓘ	7	8	17	4	29	30	29	36	62	194
Investments ⓘ	0	0	0	0	0	0	0	2	3	4
Inventories	102	124	154	151	179	188	259	307	347	384
Trade Receivables	67	96	104	137	137	121	167	186	280	303
Cash Equivalents	13	16	13	16	19	17	17	21	26	183
Others Assets ⓘ	36	34	36	28	31	41	59	83	112	311
Total Assets ⓘ	279	360	449	505	568	599	771	922	1,185	1,770

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1	24	-6	49	25	64	-17	134	-95	70
PBT ⓘ	10	15	30	41	24	31	55	56	59	98
Adjustment ⓘ	23	26	26	33	36	40	45	48	56	62
Changes in Working Capital ⓘ	-31	-13	-55	-20	-28	-2	-114	45	-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	-34	0	-28	-36	-38	-45	-69	-109	-190
Net Investments	0	-5	4	-3	-3	2	0	-5	-5	-124
Others ⓘ	0	-0	-56	-9	0	-3	-1	-24	-39	-76
Cash Flow From Financing Activity ⓘ +	23	14	59	-9	14	-25	64	-35	249	354
Net Proceeds from Shares ⓘ	13	0	0	0	0	0	0	0	0	472
Net Proceeds from Borrowing ⓘ	10	18	21	2	19	24	31	-53	38	-81
Interest Paid ⓘ	-17	-20	-27	-30	-30	-32	-36	-35	-42	-43
Dividend Paid ⓘ	-0	-1	-0	-0	-0	-0	0	-1	-0	-0
Others ⓘ	18	17	65	19	25	-16	70	54	254	6
Net Cash Flow ⓘ	5	-1	-0	-0	-0	-0	0	1	0	33

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	9.8	14.5	23.03	22.2	12.97	12.18	17.56	12.78	10.23	8.17
ROCE (%)	13.02	15.21	18.39	18	11.92	12.56	15.63	12.68	12.04	11.62
Asset Turnover Ratio	2.03	2.24	2.57	2.85	2.25	2.3	2.74	2.82	2.56	2.08
PAT to CFO Conversion(x)	0.17	2.4	-0.29	1.81	1.25	2.78	-0.43	3.53	-2.16	0.96
Working Capital Days
Receivable Days	43.50	41.70	35.10	32.40	41.40	35.10	28	27	31.50	34.70
Inventory Days	65.50	57.70	48.90	41	49.80	50	43.50	43.30	44.20	43.50
Payable Days	31.60	31.40	20.60	15.40	19.20	15.90	13.80	21.30	24.60	26.70

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Hi-Tech Pipes Ltd FAQs

The current trading price of Hi-Tech Pipes on 04-May-2026 16:59 is ₹92.89.

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 03-May-2026 the market cap of Hi-Tech Pipes stood at ₹1,886.7 Cr

The latest P/E ratio of Hi-Tech Pipes as of 03-May-2026 is 29.27.

The latest P/B ratio of Hi-Tech Pipes as of 03-May-2026 is 1.53.

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 ₹2,826 ( Cr.) .

About Hi-Tech Pipes Ltd

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Hi-Tech Pipes Ltd (HITECH) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Hi-Tech Pipes Share Price