Hi-Tech Pipes Ltd
HITECHHi-Tech Pipes Ltd
HITECH![](https://assets.tickertape.in/sector-icons/industrials.png)
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Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
60.82 | 7.86 | 0.01% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
51.32 | 7.35 | 0.45% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Hi -Tech Pipes Limited is a company which produces steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures and strips, and a range of other galvanized products.
Peers
Compare with peersAstral Ltd
APL Apollo Tubes Ltd
Ratnamani Metals and Tubes Ltd
Jindal SAW Ltd
Finolex Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 504.91 | 639.82 | 1,017.01 | 1,361.80 | 1,210.87 | 1,341.43 | 1,879.79 | 2,388.11 | 2,700.47 | 2,925.54 | ||||||||||
Raw Materials | 437.78 | 568.45 | 929.11 | 1,229.09 | 1,115.34 | 1,216.14 | 2.51 | 100.55 | 2,584.43 | 2,787.74 | ||||||||||
Power & Fuel Cost | 14.13 | 11.97 | 14.94 | 17.56 | 16.21 | 16.68 | 24.77 | 30.91 | ||||||||||||
Employee Cost | 8.50 | 10.58 | 12.12 | 13.68 | 17.79 | 18.78 | 21.99 | 26.40 | ||||||||||||
Selling & Administrative Expenses | 9.09 | 9.17 | 12.68 | 14.73 | 17.98 | 18.95 | 25.15 | 42.89 | ||||||||||||
Operating & Other expenses | 2.51 | -2.63 | -13.30 | 10.59 | -16.93 | -0.72 | 1,703.91 | 2,088.40 | ||||||||||||
EBITDA | 32.90 | 42.28 | 61.46 | 76.15 | 60.48 | 71.60 | 101.46 | 98.96 | 116.04 | 137.80 | ||||||||||
Depreciation/Amortization | 5.79 | 6.94 | 4.00 | 5.31 | 6.57 | 8.32 | 9.66 | 13.77 | 15.49 | 17.88 | ||||||||||
PBIT | 27.11 | 35.34 | 57.46 | 70.84 | 53.91 | 63.28 | 91.80 | 85.19 | 100.55 | 119.92 | ||||||||||
Interest & Other Items | 17.05 | 20.45 | 27.43 | 29.85 | 30.04 | 32.29 | 36.47 | 35.30 | 41.86 | 48.00 | ||||||||||
PBT | 10.06 | 14.89 | 30.03 | 40.99 | 23.87 | 30.99 | 55.33 | 49.89 | 58.69 | 71.92 | ||||||||||
Taxes & Other Items | 3.57 | 4.51 | 9.02 | 13.64 | 3.48 | 8.19 | 15.00 | 12.20 | 14.76 | 17.87 | ||||||||||
Net Income | 6.49 | 10.38 | 21.01 | 27.35 | 20.39 | 22.80 | 40.33 | 37.69 | 43.93 | 54.05 | ||||||||||
EPS | 0.01 | 0.01 | 0.02 | 0.05 | 0.19 | 0.21 | 0.34 | 0.56 | 3.30 | 4.23 | ||||||||||
DPS | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 0.03 | 0.03 | ||||||||||
Payout ratio | 0.40 | 0.25 | 0.12 | 0.05 | 0.01 | 0.00 | 0.01 | 0.05 | 0.01 | 0.01 |
Company Updates
Annual report
PDFPeers & Comparison
IndustrialsBuilding Products - Pipes
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Hi-Tech Pipes Ltd | 74.83 | 7.86 | 0.01% |
Astral Ltd | 94.98 | 15.87 | 0.19% |
APL Apollo Tubes Ltd | 56.96 | 13.88 | 0.37% |
Ratnamani Metals and Tubes Ltd | 41.03 | 7.95 | 0.38% |
Price Comparison
Compare HITECH with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 1.36%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 6.76%
Shareholding Pattern
Mar 2024
Apr 2024
Jun 2024
Jul 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Hi-Tech Pipes Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HSBC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.8543% | Percentage of the fund’s portfolio invested in the stock 0.37% | Change in the portfolio weight of the stock over the last 3 months 0.00% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 98/109 (-5) |
Bandhan Core Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.5271% | Percentage of the fund’s portfolio invested in the stock 0.84% | Change in the portfolio weight of the stock over the last 3 months -0.15% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 122/146 (-5) |
ITI Small Cap Fund - Direct Plan - Growth Option Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0061% | Percentage of the fund’s portfolio invested in the stock 1.48% | Change in the portfolio weight of the stock over the last 3 months 0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 56/103 (0) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 22, 2023
Dividend/Share
₹0.03
Ex DateEx Date
Sep 22, 2023
Cash Dividend
Ex DateEx DateSep 20, 2022
Dividend/Share
₹0.50
Ex DateEx Date
Sep 20, 2022
Cash Dividend
Ex DateEx DateSep 17, 2020
Dividend/Share
₹0.25
Ex DateEx Date
Sep 17, 2020
Cash Dividend
Ex DateEx DateSep 17, 2019
Dividend/Share
₹0.25
Ex DateEx Date
Sep 17, 2019
Cash Dividend
Ex DateEx DateJul 5, 2018
Dividend/Share
₹0.25
Ex DateEx Date
Jul 5, 2018
'These significant contracts reflect the growing demand for sustainable energy solutions and underscore our commitment to supporting this vital industry,' the company stated. The orders will be executed from Hi-Tech Pipes' new manufacturing facility located in Sanand Unit II Phase I, over the next three months. This new facility is poised to deliver high-quality steel pipes that meet the standards of the renewable energy sector. Ajay Kumar Bansal, chairman, Hi-Tech Pipes, said: 'We are thrilled to be chosen as a preferred supplier of ERW Steel pipes for such a pivotal sector. Our Sanand unit represents a major investment in both our capabilities and our commitment to sustainability. These contracts not only demonstrate the confidence our clients place in us but also highlight our role in advancing renewable energy infrastructure.' Hi-Tech Pipes is in the business of manufacturing of ERW steel round & section pipes, cold rolled strips & engineering products and distribution of the same. The company's consolidated net profit jumped 62.17% to Rs 18.05 crore on 27.3% rise in revenue from operations to Rs 866.98 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live
Hi-Tech Pipes has received order for supplying ERW Steel Pipes, totaling of Rs.105 (Inclusive of GST) crores from key customers in the renewable energy sector. These significant contracts reflect the growing demand for sustainable energy solutions and underscore our commitment to supporting this vital industry. The orders will be executed from our new state-of-the-art manufacturing facility located in Sanand Unit II Phase I, over the next three months. This new facility, equipped with cutting-edge technology and efficient production processes, is poised to deliver high-quality steel pipes that meet the rigorous standards of the renewable energy sector, said the company. Powered by Capital Market - Live
The company may issue of equity shares or any other equity linked instruments or securities, including convertible preference shares/ fully or partly convertible debentures or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares. The firm may also issue any other eligible securities through, a private placement or through one or more qualified institutions placements (QIP's) or further public issue or a rights issue or through any other permissible mode under applicable laws and/ or combination thereof. Hi-Tech Pipes is in the business of manufacturing of ERW steel round & section pipes, cold rolled strips & engineering products and distribution of the same. The company's consolidated net profit jumped 62.17% to Rs 18.05 crore on 27.3% rise in revenue from operations to Rs 866.98 crore in Q1 FY25 over Q1 FY24. The scrip rose 2.01% to end at Rs 182.95 on Monday, 19 August 2024. Powered by Capital Market - Live
Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 19 August 2024.Powered by Capital Market - Live
The key equity benchmarks traded with limited gains in mid-afternoon trade. The Nifty traded at 24,400 level after hitting day's low of 24,212.10 in morning trade. Consumer Durables extended gains for the second consecutive trading sessions. At 14:26 IST, the barometer index, the S&P BSE Sensex, was up 146.25 points or 0.18% to 79,852.16. The Nifty 50 index rose 32.70 points or 0.13% to 24,400.20. In the broader market, the S&P BSE Mid-Cap index rose 0.25% and the S&P BSE Small-Cap index added 0.74%. The market breadth was negative. On the BSE, 2,007 shares rose and 2,019 shares fell. A total of 120 shares were unchanged. Buzzg Index: The Nifty Consumer Durables index rose 1.06% to 38,699.80. The index jumped 1.68% in the two consecutive trading sessions. Voltas (up 11.29%), V-Guard Industries (up 3.48%), Kalyan Jewellers India (up 1.61%), Rajesh Exports (up 0.81%) and Century Plyboards (India) (up 0.4%), Havells India (up 0.31%) and Titan Company (up 0.1%) advanced. Numbers To Track: The yield on India's 10-year benchmark federal paper was up 1.69% to 6.996 as compared with previous close 6.880. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9675, compared with its close of 83.9525 during the previous trading session. MCX Gold futures for 5 September 2024 settlement rose 0.38% to Rs 69,862. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.09% to 103.24. The United States 10-year bond yield added 0.13% to 3.949. In the commodities market, Brent crude for October 2024 settlement added 48 cents or 0.60% to $79.66 a barrel. Stocks in Spotlight: Hi-Tech Pipes gained 3.63% after its consolidated net profit jumped 62.17% to Rs 18.05 crore in Q1 FY25 as against Rs 11.13 crore posted in same quarter last year. revenue from operations rose by 27.3% YoY to Rs 866.98 crore in the quarter ended 30 June 2024. Shipping Corporation of India soared 7.81% after the company's consolidated net profit grew 69.85% to Rs 291.48 crore in Q1 FY25 as against Rs 171.61 crore posted in Q1 FY24. Revenue from operations rose 26.18% year on year (YoY) to Rs 1,514.27 crore in June 2024 quarter. Morepen Laboratories jumped 2.27% after the company reported a consolidated net profit of Rs 36.17 crore in Q1 FY25, which is a rise of 147% as compared with the PAT of Rs 14.63 crore in Q1 FY24. Net revenue increased by 14% year-over-year (YoY) to Rs 458.64 crore during the period under review.Powered by Capital Market - Live
Net profit of Hi-Tech Pipes rose 125.06% to Rs 18.05 crore in the quarter ended June 2024 as against Rs 8.02 crore during the previous quarter ended June 2023. Sales rose 35.01% to Rs 866.98 crore in the quarter ended June 2024 as against Rs 642.17 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales866.98642.17 35 OPM %4.923.30 - PBDT29.1313.52 115 PBT24.0010.79 122 NP18.058.02 125 Powered by Capital Market - Live
However, revenue from operations rose by 27.3% YoY to Rs 866.98 crore in the quarter ended 30 June 2024. Profit before exceptional items and tax surged 61.4% YoY to Rs 24 crore in first quarter of FY25. During the quarter, total expenses spiked 26.67% YoY to Rs 843.51 crore. Cost of material consumed was Rs 716.88 (up 19.67% YoY) while finance costs stood at Rs 14.08 crore (down 1.26% YoY) and employee benefit expenses was at Rs 8.53 crore (down 7.48% YoY) during the period under review. Hi-Tech Pipes is in the business of manufacturing of ERW steel round & section pipes, cold rolled strips & engineering products and distribution of the same. Powered by Capital Market - Live
Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live
Hi-Tech Pipes aims 13.5 MW solar capacity for captive usage by December 2024
![](https://pocket-image-cache.com/direct?url=http://img.etimg.com/thumb/msid-111985414,width-1200,height-630,imgsize-52098,overlay-economictimes/photo.jpg)
Hi-Tech Pipes zooms 6% on achieving highest ever sales volume in Q1FY25
![](https://assets.tickertape.in/images/news-publishers/businessstandard.png)
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 14.67%, vs industry avg of 14.05%
Increasing Market Share
Over the last 5 years, market share increased from 2.74% to 2.93%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 9.94%, vs industry avg of 21.69%