Hi-Tech Pipes

What does Hi-Tech Pipes do?

Hi-Tech Pipes Ltd, established in 1985, operates in the Iron & Steel Products industry as a Small Cap company, reporting net sales of 734 Cr and a net profit of 18 Cr for March 2025. The company has a market cap of Rs 2,083 Cr, a P/E ratio of 27.00, and no debt.

Overview:<BR>Hi-Tech Pipes Ltd operates in the Iron & Steel Products industry and is categorized as a Small Cap company.<BR><BR>History:<BR>The company was incorporated in 1985 and was converted to a Public Limited status, being renamed to Hi-Tech Pipes Limited in October 1986. The most recent quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 734 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 18 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 2,083 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 27.00<BR>- Industry P/E: 33<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.00<BR>- Return on Equity: 5.80%<BR>- Price to Book: 1.55<BR><BR>Contact Details:<BR>Address: 505 Pearl Omaxe Tower Netaji, Subhash Place Pitampura New Delhi New Delhi : 110034<BR>Tel: 91-11-48440050<BR>Email: info@hitechpipes.in<BR>Website: http://www.hitechpipes.in

Who are in the management team of Hi-Tech Pipes?

As of March 2021, the management team of Hi-Tech Pipes includes Ajay Kumar Bansal (Chairman & Managing Director), Anish Bansal (Whole-time Director), Arun Kumar (Company Secretary), and four Independent Directors: Vivek Goyal, P K Saxena, Neerja Kumar, and Mukesh Kumar Garg.

As of March 2021, the management team of Hi-Tech Pipes includes the following individuals:<BR><BR>1. Anish Bansal - Whole-time Director<BR>2. Ajay Kumar Bansal - Chairman & Managing Director<BR>3. Arun Kumar - Company Secretary<BR>4. Vivek Goyal - Independent Director<BR>5. P K Saxena - Independent Director<BR>6. Neerja Kumar - Independent Director<BR>7. Mukesh Kumar Garg - Independent Director<BR><BR>These members play various roles within the company, contributing to its governance and management.

Has Hi-Tech Pipes declared dividend?

Hi-Tech Pipes Ltd has declared a 2% dividend, amounting to ₹0.02 per share, with an ex-date of September 22, 2023. Despite the dividend declaration, the dividend yield is 0%, and total returns have varied significantly, showing negative returns in the short term and positive returns over the longer term.

Hi-Tech Pipes Ltd has declared a 2% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 2%<BR>- Amount per share: 0.02<BR>- Ex-date: 22 Sep 23<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -39.28%, with a dividend return of 0%, resulting in a total return of -39.28%.<BR><BR>Over the past year, the price return was -14.49%, with a dividend return of 0%, leading to a total return of -14.49%.<BR><BR>In the last 2 years, the price return was 26.07%, with a dividend return of 0.03%, resulting in a total return of 26.1%.<BR><BR>For the 3-year period, the price return was 106.03%, with a dividend return of 1.29%, leading to a total return of 107.32%.<BR><BR>Over the past 4 years, the price return was 0%, with a dividend return of 0%, resulting in a total return of 0.0%.<BR><BR>In the last 5 years, the price return was 0%, with a dividend return of 0%, leading to a total return of 0.0%.<BR><BR>Overall, Hi-Tech Pipes has declared a dividend, but the dividend yield remains at 0%. The total returns show significant fluctuations, with negative returns in the shorter periods and positive returns in the longer term, particularly over the 3-year period.

Who are the peers of the Hi-Tech Pipes?

Hi-Tech Pipes' peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Rama Steel Tubes, MSP Steel & Pow., Rhetan TMT Ltd, and Bharat Wire. In terms of management risk, growth, and capital structure, APL Apollo Tubes stands out positively, while Hi-Tech Pipes shows average performance across these metrics.

Peers: The peers of Hi-Tech Pipes are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Rama Steel Tubes, MSP Steel & Pow., Rhetan TMT Ltd, and Bharat Wire.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, and Ratnamani Metals, and Average management risk is noted at Jindal Saw, Hi-Tech Pipes, and Rama Steel Tubes. Below Average management risk is present at MSP Steel & Pow., Rhetan TMT Ltd, and Bharat Wire. Excellent growth is seen at APL Apollo Tubes and Rama Steel Tubes, while Average growth is noted at Shyam Metalics, Ratnamani Metals, and Hi-Tech Pipes. Below Average growth is observed at Welspun Corp, Jindal Saw, and MSP Steel & Pow., with Good growth at Bharat Wire and Average growth at Rhetan TMT Ltd. Excellent capital structure is present at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Average capital structure is noted at Hi-Tech Pipes, and Below Average capital structure is found at Welspun Corp, Jindal Saw, Rama Steel Tubes, MSP Steel & Pow., Rhetan TMT Ltd, and Bharat Wire.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.56%, while the lowest is Jindal Saw at -22.93%. Hi-Tech Pipes has a 1-year return of -22.16%, which is better than Jindal Saw but worse than all other peers. Additionally, MSP Steel & Pow., Jindal Saw, Ratnamani Metals, and Bharat Wire have negative six-month returns.

Who are the top shareholders of the Hi-Tech Pipes?

The top shareholders of Hi-Tech Pipes include promoters, with Ajay Kumar Bansal holding 10.51%, mutual funds at 11.78%, 39 foreign institutional investors (FIIs) with 8.96%, and individual investors at 20.53%. The highest public shareholder is Bandhan Small Cap Fund, owning 5.61%.

The top shareholders of Hi-Tech Pipes include a mix of promoters, mutual funds, foreign institutional investors (FIIs), and individual investors. The majority shareholders are the promoters, with Ajay Kumar Bansal holding the highest individual stake at 10.51%. Mutual funds collectively hold 11.78% through six schemes, while 39 FIIs own 8.96% of the company. The highest public shareholder is Bandhan Small Cap Fund, which holds 5.61%. Additionally, individual investors account for 20.53% of the total holdings.

How big is Hi-Tech Pipes?

As of 24th July, Hi-Tech Pipes Ltd has a market capitalization of 1,936.00 Cr, with net sales of 3,067.64 Cr and a net profit of 72.94 Cr reported in the latest four quarters.

As of 24th July, Hi-Tech Pipes Ltd has a market capitalization of 1,936.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Hi-Tech Pipes reported net sales of 3,067.64 Cr and a net profit of 72.94 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with shareholder's funds amounting to 576.37 Cr and total assets of 1,178.70 Cr.

Are Hi-Tech Pipes latest results good or bad?

Hi-Tech Pipes' latest results show mixed performance: while profitability improved with record PBT and PAT, net sales declined by 8.72% year-on-year, and the growth rate of net profit significantly slowed. Overall, the outlook is cautious, with the stock rated as a 'Sell' by MarketsMOJO.

Hi-Tech Pipes' latest results present a mixed picture. On one hand, the company achieved its highest Profit Before Tax (PBT) in the last five quarters at Rs 27.04 crore, and the Profit After Tax (PAT) also reached a peak of Rs 20.92 crore, indicating a positive trend in profitability. Additionally, the improvement in the debt-equity ratio to 0.14 times suggests a healthier balance sheet with reduced borrowing relative to equity.<BR><BR>However, there are significant challenges as well. The net sales for the quarter totaled Rs 791.36 crore, reflecting an 8.72% decline year-on-year, which is a concerning trend. This drop in sales, combined with a decrease in the growth rate of consolidated net profit from 125.06% in the previous year to 15.90% this year, indicates that the company is facing difficulties in the current market environment.<BR><BR>Overall, while there are some positive aspects in terms of profitability and financial health, the decline in sales and overall performance score suggests that the results are not entirely favorable. The stock has also been rated as a 'Sell' by MarketsMOJO, which further emphasizes the cautious outlook for the company.

When is the next results date for Hi-Tech Pipes?

The next results date for Hi-Tech Pipes is 12 November 2025.

The next results date for Hi-Tech Pipes is scheduled for 12 November 2025.

How has been the historical performance of Hi-Tech Pipes?

Hi-Tech Pipes has shown significant growth in financial performance, with net sales increasing from 1,209.62 Cr in March 2020 to 3,067.64 Cr in March 2025, and profit after tax rising from 20.39 Cr to 72.95 Cr during the same period. The company's total assets also expanded from 567.75 Cr to 1,755.66 Cr, indicating a strong upward trend overall.

Answer:<BR>The historical performance of Hi-Tech Pipes shows a significant upward trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>Hi-Tech Pipes has demonstrated robust growth in net sales, increasing from 1,209.62 Cr in March 2020 to 3,067.64 Cr in March 2025. This growth is reflected in total operating income, which rose from 1,360.42 Cr in March 2019 to 3,067.64 Cr in March 2025. The company's total expenditure also increased, reaching 2,907.61 Cr in March 2025, up from 1,150.39 Cr in March 2020. Operating profit (PBDIT) has shown a positive trend, climbing from 60.48 Cr in March 2020 to 161.92 Cr in March 2025, while profit before tax increased from 23.87 Cr to 97.99 Cr in the same period. Consequently, profit after tax rose from 20.39 Cr in March 2020 to 72.95 Cr in March 2025. The company's total assets expanded significantly, from 567.75 Cr in March 2020 to 1,755.66 Cr in March 2025, while total liabilities also increased from 312.08 Cr to 191.52 Cr. Cash flow from operating activities improved, reaching 69.00 Cr in March 2025, compared to a negative cash flow of 95.00 Cr in March 2024. Overall, Hi-Tech Pipes has shown a strong upward trajectory in its financial performance over the years.

Should I buy, sell or hold Hi-Tech Pipes?

Is Hi-Tech Pipes overvalued or undervalued?

As of December 1, 2025, Hi-Tech Pipes is considered undervalued with a PE ratio of 25.99 and an attractive valuation compared to peers like JSW Steel and Tata Steel, despite a year-to-date return of -37.5% against the Sensex.

As of 1 December 2025, Hi-Tech Pipes has moved from a fair to an attractive valuation grade, indicating a shift in perception regarding its market value. The company appears to be undervalued based on its current metrics. Key ratios include a PE ratio of 25.99, an EV to EBITDA of 13.34, and a Price to Book Value of 1.56, which suggest that the stock is priced reasonably compared to its earnings and asset value.<BR><BR>In comparison to its peers, Hi-Tech Pipes has a lower PE ratio than JSW Steel, which stands at 46.43, and a similar EV to EBITDA ratio to Jindal Steel at 12.74, both of which highlight its relative attractiveness. Additionally, while Tata Steel is also rated as attractive with a PE of 28.28, Hi-Tech Pipes offers a more favorable valuation at this time. Despite recent underperformance against the Sensex, with a year-to-date return of -37.5% compared to the Sensex's 9.60%, the current valuation metrics suggest that Hi-Tech Pipes presents a compelling investment opportunity.

Is Hi-Tech Pipes technically bullish or bearish?

As of December 4, 2025, the market trend is mildly bearish, indicated by bearish signals from the weekly MACD and Bollinger Bands, despite some conflicting bullish signals from the KST and daily moving averages.

As of 4 December 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and Bollinger Bands both indicating bearish conditions. The monthly MACD is mildly bearish, while the KST shows a conflicting bullish signal on the weekly timeframe. The daily moving averages are mildly bullish, but overall, the OBV is mildly bearish on both weekly and monthly charts. The lack of clear signals from the RSI and Dow Theory further supports a neutral outlook in the absence of strong bullish indicators.

Why is Hi-Tech Pipes Ltd falling/rising?

As of 19-Jan, Hi-Tech Pipes Ltd's stock price is declining at Rs 84.72, down 2.02%, and is trading below all key moving averages, indicating a bearish trend. The stock has underperformed significantly over the past year, with a return of -39.66%, and shows reduced investor interest and confidence.

As of 19-Jan, Hi-Tech Pipes Ltd's stock price is falling, currently at Rs 84.72, which reflects a decrease of Rs 1.75 or 2.02%. The stock has underperformed the sector today by 1.98% and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.73% above Rs 81.56.<BR><BR>Investor participation has also declined, with delivery volume dropping by 33.46% compared to the 5-day average, suggesting reduced interest from traders. Furthermore, institutional investors have decreased their stake by 0.88% over the previous quarter, indicating a lack of confidence among larger investors, who typically have more resources to analyze the company's fundamentals.<BR><BR>The company's performance over the past year has been particularly poor, with a return of -39.66%, while the broader market, represented by the Sensex, has gained 8.65% during the same period. This underperformance is compounded by flat results in the most recent quarter and a low return on capital employed (ROCE) of 8.89%. Despite a rise in profits by 26.5%, the stock's overall valuation remains unattractive, as reflected by a PEG ratio of 2.3, which suggests that the stock may not be a good investment at its current price.

Which are the latest news on Hi-Tech Pipes?