Hi-Tech Pipes Reports Strong Financial Growth Amid Declining Institutional Investor Participation

Hi-Tech Pipes, a small-cap player in the iron and steel products industry, has recently undergone an adjustment in its evaluation. The company reported positive financial performance for the quarter ending Q4 FY24-25, showcasing significant growth metrics. Notably, the operating profit to interest ratio reached its highest level at 5.29 times, indicating a strong capacity to cover interest expenses. Additionally, profit before tax (PBT) less other income stood at Rs 24.07 crore, reflecting a growth of 58.98%, while profit after tax (PAT) was reported at Rs 17.63 crore, marking an increase of 58.4%.
The company's return on equity (ROE) is at 5.8, coupled with a price-to-book value of 1.5, suggesting an attractive valuation relative to its peers. Despite a year-over-year return of -41.04%, Hi-Tech Pipes has seen its profits rise by 65.7%, with a PEG ratio of 1.5. However, there has been a noted decline in participation from institutional investors, who have reduced their stake by 7.58% in the last quarter, now holding 17.78% of the company.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.