Hi-Tech Pipes Ltd - Stock Valuation and Financial Performance

BSE: 543411 | NSE: HITECH | Steel & Iron Products | Small Cap

Hi-Tech Pipes Share Price

139.95 12.15 9.51%
as on 28-Mar'24 14:50

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

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Hi-Tech Pipes stock performance -

mw4me loader
P/E Ratio (CD):
39.32
Market Cap:
1,915.5 Cr.
52-wk low:
69.8
52-wk high:
170.3

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

1. Is Hi-Tech Pipes Ltd 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.

2. Is Hi-Tech Pipes Ltd 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 Fair zone.

3. Is Hi-Tech Pipes Ltd a good buy now?

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.

10 Year X-Ray of Hi-Tech Pipes:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%8.9%10.5%12.9%12.3%9.2%9%11.2%9.3%-
Value Creation
Index
NANA-0.4-0.3-0.1-0.1-0.4-0.4-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 005046371,0161,3601,2101,3411,8792,3862,720
Sales YoY Gr.-NANA26.5%59.3%33.9%-11.1%10.8%40.2%27%-
Adj EPS 000.6122.61.923.333.3
YoY Gr.-NANA55.6%104.1%28%-27%8.6%62.1%-10.3%-
BVPS (₹) 006.47.510.113.215.917.921.125.937.1
Adj Net
Profit
006.510.12127.420.422.840.337.849
Cash Flow from Ops. 000.824.4-5.8492564.1-17.3134-
Debt/CF from Ops. 00178.97.4-445.612.54.9-22.72-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA18.6%25.4%27%
Adj EPS NA8.1%16.4%-10.3%
BVPSNA20.8%17.7%22.9%
Share Price - -9.2% -30.6% 95.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
009.81422.12112.71217.411.210.3
Op. Profit
Mgn %
006.36.35.95.54.95.35.44.34.2
Net Profit
Mgn %
001.31.62.121.71.72.21.61.8
Debt to
Equity
002.12.32.41.91.81.61.50.8-
Working Cap
Days
000117968210095818136
Cash Conv.
Cycle
0007165587370595011

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.41%

Net Profit is growing at healthy rate in last 3 years 16.41%

Debt to equity has declined versus last 3 years average to 0.83

Sales growth is good in last 4 quarters at 19.43%

Return on Equity has declined versus last 3 years average to 10.30%

Latest Financials - Hi-Tech Pipes Ltd.

Standalone Consolidated
TTM EPS (₹) 2.8 3.3
TTM Sales (₹ Cr.) 2,195 2,720
BVPS (₹.) 33.3 37.1
Reserves (₹ Cr.) 485 541
P/BV 3.83 3.45
PE 46.25 39.32
From the Market
52 Week Low / High (₹) 69.80 / 170.25
All Time Low / High (₹) 32.30 / 170.25
Market Cap (₹ Cr.) 1,916
Equity (₹ Cr.) 15
Face Value (₹) 1
Industry PE 24.8

Management X-Ray of Hi-Tech Pipes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *2.192.201.781.781.781.781.782.191.793.01
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hi-Tech Pipes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5046371,0161,3601,2101,3411,8792,386
Operating Expenses 4725989561,2861,1501,2701,7782,283
Manufacturing Costs2017232727294063
Material Costs4335639131,2361,0951,2101,6992,174
Employee Cost 811121418192226
Other Costs 1077810121719
Operating Profit 324060755971101103
Operating Profit Margin (%) 6.3%6.3%5.9%5.5%4.9%5.3%5.3%4.3%
Other Income 12111112
Interest 1720273030323635
Depreciation 6745781014
Exceptional Items 0000000-7
Profit Before Tax 1015304124315550
Tax 45914381512
Profit After Tax 610212720234038
PAT Margin (%) 1.3%1.6%2.1%2.0%1.7%1.7%2.1%1.6%
Adjusted EPS (₹)0.61.02.02.61.92.03.33.0
Dividend Payout Ratio (%)8%2%1%1%1%0%2%1%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 6677106141174201259331
Share Capital 1010111111111213
Reserves 566795130163190246318
Minority Interest00000000
Debt135169243258295295364235
Long Term Debt324970728911614794
Short Term Debt103120172187207179218141
Trade Payables37584559564980174
Others Liabilities 40565547435468181
Total Liabilities 279360449505568599771922

Fixed Assets

Gross Block9388135185195233279341
Accumulated Depreciation387111622314054
Net Fixed Assets5581124169173203239287
CWIP 7817429302936
Investments 00000002
Inventories102124154151179188259307
Trade Receivables6796104137137121167186
Cash Equivalents 1316131619171721
Others Assets3634362831415983
Total Assets 279360449505568599771922

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 124-6492564-17134
PBT 1015304124315556
Adjustment 2326263336404548
Changes in Working Capital -31-13-55-20-28-2-11445
Tax Paid -2-3-6-6-7-5-4-15
Cash Flow From Investing Activity -19-39-53-40-39-40-46-104
Capex -19-340-28-36-38-45-69
Net Investments 004-3-320-5
Others 0-5-56-90-3-1-30
Cash Flow From Financing Activity 231459-914-2564-29
Net Proceeds from Shares 130000000
Net Proceeds from Borrowing 100212192431-53
Interest Paid -17-20-27-30-30-32-36-35
Dividend Paid 0-100000-1
Others 1835651925-167060
Net Cash Flow 5-1000001
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.814.523.0322.212.9712.1817.5612.78
ROCE (%)13.0215.2118.391811.9212.5615.6312.68
Asset Turnover Ratio2.032.242.572.852.252.32.742.82
PAT to CFO Conversion(x)0.172.4-0.291.811.252.78-0.433.53
Working Capital Days
Receivable Days4342353241352827
Inventory Days6658494150504443
Payable Days3231211519161421

Hi-Tech Pipes Ltd Stock News

Hi-Tech Pipes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hi-Tech Pipes on 28-Mar-2024 14:50 is ₹139.9.
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 28-Mar-2024 14:50 the market cap of Hi-Tech Pipes stood at ₹1,915.5.
The latest P/E ratio of Hi-Tech Pipes as of 28-Mar-2024 14:50 is 46.25.
The latest P/B ratio of Hi-Tech Pipes as of 28-Mar-2024 14:50 is 3.83.
The 52-week high of Hi-Tech Pipes is ₹170.2 and the 52-week low is ₹69.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hi-Tech Pipes is ₹2,195 ( Cr.) .

About Hi-Tech Pipes Ltd

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