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Hi-Tech Pipes Ltd

HITECH

Hi-Tech Pipes Ltd

HITECH
IndustrialsBuilding Products - Pipes
SmallcapWith a market cap of ₹3,341 cr, stock is ranked 916
High RiskStock is 3.74x as volatile as Nifty
200.940.55% (-1.11)
200.940.55% (-1.11)

Price Chart

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1D
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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsBuilding Products - Pipes
SmallcapWith a market cap of ₹3,341 cr, stock is ranked 916
High RiskStock is 3.74x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsBuilding Products - Pipes
SmallcapWith a market cap of ₹3,341 cr, stock is ranked 916
High RiskStock is 3.74x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
61.835.80—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.137.140.47%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 14.67%, vs industry avg of 13.98%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 2.76% to 2.92%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 9.94%, vs industry avg of 21.77%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue504.91639.821,017.011,361.801,210.871,341.431,879.792,388.112,700.472,925.54
Raw Materialssubtract437.78568.45929.111,229.091,115.341,216.142.51100.55191.192,787.74
Power & Fuel Costsubtract14.1311.9714.9417.5616.2116.6824.7730.9138.39
Employee Costsubtract8.5010.5812.1213.6817.7918.7821.9926.4031.46
Selling & Administrative Expensessubtract9.099.1712.6814.7317.9818.9525.1543.3043.87
Operating & Other expensessubtract2.51-2.63-13.3010.59-16.93-0.721,703.912,087.992,279.52
Depreciation/Amortizationsubtract5.796.944.005.316.578.329.6613.7715.4917.88
Interest & Other Itemssubtract17.0520.4527.4329.8530.0432.2936.4735.3041.8648.00
Taxes & Other Itemssubtract3.574.519.0213.643.488.1915.0012.2014.7617.87
EPS0.010.010.020.050.190.210.340.563.163.61
DPS0.010.000.000.000.000.000.010.03—0.03
Payout ratio0.790.250.120.050.010.000.010.050.000.01

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 14PDF
Jan 21PDF
Jan 20PDF
+2 more
FY 2023

Annual report

PDF

Investor Presentation

May 27PDF
Jan 28PDF
Nov 14PDF
Aug 10PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 11PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsBuilding Products - Pipes

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Hi-Tech Pipes Ltd76.075.80—
Astral Ltd93.1215.560.20%
APL Apollo Tubes Ltd60.9812.39—
Ratnamani Metals and Tubes Ltd40.697.880.39%

Price Comparison

Compare HITECH with any stock or ETF
Compare HITECH with any stock or ETF
HITECH
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 1.36%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 6.76%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding50.77%7.13%3.08%8.72%30.30%

Mar 2024

Apr 2024

Jun 2024

Jul 2024

Shareholding History

JanFebMarAprJunJul0.29%0.36%1.96%1.96%1.82%8.72%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HSBC Small Cap Fund - Growth - Direct Plan

Growth
2.3667%0.46%0.13%99/111 (-9)
Bandhan Core Equity Fund - Growth - Direct Plan

Growth
1.8922%0.96%0.18%77/133 (+5)
ITI Small Cap Fund - Direct Plan - Growth Option

Growth
1.2895%1.78%0.50%55/103 (+6)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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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 13, 2024

Final
Final | Div/Share: ₹0.03

Dividend/Share

₹0.03

Ex DateEx Date

Sep 13, 2024

Cash Dividend

Ex DateEx DateSep 22, 2023

Final
Final | Div/Share: ₹0.03

Dividend/Share

₹0.03

Ex DateEx Date

Sep 22, 2023

Cash Dividend

Ex DateEx DateSep 20, 2022

Final
Final | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Sep 20, 2022

Cash Dividend

Ex DateEx DateSep 17, 2020

Final
Final | Div/Share: ₹0.25

Dividend/Share

₹0.25

Ex DateEx Date

Sep 17, 2020

Cash Dividend

Ex DateEx DateSep 17, 2019

Final
Final | Div/Share: ₹0.25

Dividend/Share

₹0.25

Ex DateEx Date

Sep 17, 2019

News & Opinions
Spotlight
Hi-Tech launches QIP; floor price at Rs 194.98 /share

The floor price of Rs 194.98 is at a discount of 1.5% to the previous day's closing price of Rs 197.95 on the BSE. The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue. 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. Shares of Hi-Tech Pipes rose 0.48% to Rs 198.90 on the BSE.Powered by Capital Market - Live

2 days agoCapital Market - Live
Corporate
Hi-Tech Pipes to conduct AGM

Hi-Tech Pipes announced that the Annual General Meeting (AGM) of the company will be held on 21 September 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Hi-Tech Pipes receives credit ratings from India Ratings and Research

Hi-Tech Pipes has received the credit rating of IND A; Stable/ IND A1 for bank facilities availed by the company. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Hi-Tech Pipes rises after securing orders worth Rs 105 crore from renewable energy sector

'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

1 month agoCapital Market - Live
Corporate
Hi-Tech Pipes wins order of Rs 105 cr from renewable energy sector

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

1 month agoCapital Market - Live
Spotlight
Hi-Tech Pipes board approves fund raising upto Rs 600 cr

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

1 month agoCapital Market - Live
Corporate
Hi-Tech Pipes to consider Fund Raising

Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 19 August 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Barometers trade in positive terrain; consumer durables shares advance

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

1 month agoCapital Market - Live
Earnings
Hi-Tech Pipes consolidated net profit rises 125.06% in the June 2024 quarter

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

1 month agoCapital Market - Live
Spotlight
Hi-Tech Pipes rises as PAT climbs 62% YoY in Q1 FY25

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

1 month agoCapital Market - Live