Hi-Tech Pipes Ltd
HITECHHi-Tech Pipes Ltd
HITECH
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 |
|---|---|---|
| 61.13 | 6.44 | 0.01% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 52.46 | 7.59 | 0.46% |
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.
Investor Presentation
View olderPeers
Compare with peersAstral Ltd
APL Apollo Tubes Ltd
Ratnamani Metals and Tubes Ltd
Finolex Industries Ltd
Jindal SAW 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 | 2,700.47 | ||||||||||
Raw Materials | 437.78 | 568.45 | 929.11 | 1,229.09 | 1,115.34 | 1,216.14 | 2.51 | 100.55 | 2,584.43 | 2,584.42 | ||||||||||
| 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 | 116.05 | ||||||||||
| Depreciation/Amortization | 5.79 | 6.94 | 4.00 | 5.31 | 6.57 | 8.32 | 9.66 | 13.77 | 15.49 | 15.48 | ||||||||||
| PBIT | 27.11 | 35.34 | 57.46 | 70.84 | 53.91 | 63.28 | 91.80 | 85.19 | 100.55 | 100.57 | ||||||||||
| Interest & Other Items | 17.05 | 20.45 | 27.43 | 29.85 | 30.04 | 32.29 | 36.47 | 35.30 | 41.86 | 41.87 | ||||||||||
| PBT | 10.06 | 14.89 | 30.03 | 40.99 | 23.87 | 30.99 | 55.33 | 49.89 | 58.69 | 58.70 | ||||||||||
| Taxes & Other Items | 3.57 | 4.51 | 9.02 | 13.64 | 3.48 | 8.19 | 15.00 | 12.20 | 14.76 | 14.68 | ||||||||||
| Net Income | 6.49 | 10.38 | 21.01 | 27.35 | 20.39 | 22.80 | 40.33 | 37.69 | 43.93 | 44.02 | ||||||||||
| EPS | 0.01 | 0.01 | 0.02 | 0.05 | 0.19 | 0.21 | 0.34 | 0.56 | 3.30 | 3.44 | ||||||||||
| 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
Peers & Comparison
IndustrialsBuilding Products - Pipes
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Hi-Tech Pipes Ltd | 61.26 | 6.44 | 0.01% |
| Astral Ltd | 106.95 | 19.74 | 0.10% |
| APL Apollo Tubes Ltd | 55.34 | 13.49 | 0.38% |
| Ratnamani Metals and Tubes Ltd | 39.62 | 9.22 | 0.40% |
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 1.9647% | Percentage of the fund’s portfolio invested in the stock 0.32% | Change in the portfolio weight of the stock over the last 3 months -0.10% | 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 90/106 (+2) |
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 1.5694% | Percentage of the fund’s portfolio invested in the stock 0.79% | Change in the portfolio weight of the stock over the last 3 months -0.34% | 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 113/137 (-4) |
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 1.0705% | Percentage of the fund’s portfolio invested in the stock 1.29% | Change in the portfolio weight of the stock over the last 3 months -0.44% | 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 56/93 (-8) |
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
Hi-Tech Pipes aims 13.5 MW solar capacity for captive usage by December 2024
Hi-Tech Pipes zooms 6% on achieving highest ever sales volume in Q1FY25
The sales volume has risen by 13% from 1,07,721 MT registered in Q4 FY24. According to Hi-Tech Pipes, the sales volume recorded in Q1 FY25 is the highest sales volume in the history of the company. Ajay Kumar Bansal, chairman and managing director, Hi-Tech Pipes, said: 'We are thrilled to reach this major milestone, which demonstrates our team's dedication and hard work. Our focus on quality, customer-centric approach, and continuous improvement has enabled us to achieve this record-breaking sales volume. We are confident that this momentum will continue, driving our growth and success in the industry. Further, we are extremely pleased with the contribution of our new manufacturing facility Sanand Unit II Phase 1, Gujarat, to our sales volume. The facility has been operational in the end of Q4FY24 and has already started to make an impact on our production capacity and efficiency. This new facility is a game-changer for us, and will further cement our leadership position in western market.' Hi-Tech Pipes is one of India's leading steel processing companies. The company has a strong presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures, GP/GC sheets, color coated coils and a variety of other galvanised products. The company's consolidated net profit declined 29.73% to Rs 11.13 crore as sales fell by 2.97% to Rs 681.03 crore in Q4 FY24 as compared with Q4 FY23. Powered by Capital Market - Live
Hi-Tech Pipes shares jump 10% after strong quarterly earnings
Hi-Tech Pipes’s net profit grows 42% to Rs 16 crore in March 2023 quarter
Bharat Electronics to consider dividend; Hi-Tech Pipes, 2 other shares to go ex-split today
Hi-Tech Pipes splits shares in 1:10 ratio to increase liquidity
Hi-Tech Pipes splits shares in 10:10 ratio to increase liquidity
Hi-Tech Pipes Nears 52-Wk High on Ex-Split Day, Buoys 71% in 1 Year
Hi-Tech Pipes shares to trade ex-split on Friday; stock turns flat after early gains
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%