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    Steel
Hi-Tech Pipes Limited

Hi-Tech Pipes Limited

HITECH.BO
Hi-Tech Pipes LimitedIN flagBombay Stock Exchange
89.36
INR
-0.60
- -
18.10BMarket Cap
Hi-Tech Pipes Limited
HITECH.BO
(Bombay Stock Exchange)

Recent

price

89.36

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
60.55
64.34
61.69
98.42
127.3
111.61
122.24
153.29
188.08
194.16
167.37
207.91
208.32
Revenue per Share
0.66
0.83
1.01
2.04
2.56
1.88
2.09
3.38
3.05
3.25
3.98
3.77
3.78
Basic EPS, GAAP
0.96
-2.32
-0.95
-6.04
4.12
-1.03
2.12
-5.24
5.22
-15.1
-6.55
-7.35
- -
Free Cash Flow per Basic Share
- -
0.06
0.06
0.03
0.03
0.03
0.02
- -
0.05
0.02
0.02
0.02
- -
Dividend per Share
1.29
2.76
2.97
4.9
7.2
8.98
10.97
13.52
16.12
18.1
17.61
1.01
1.01
Book Value per Share
6.26
8.54
7.45
11.02
13.74
16.04
18.76
21.67
33.83
42.55
68.58
65.11
65.24
Tangible Book Value per Share
76
78
103
103
107
108
109
119
123
135
183
202
202
Basic Weighted Avg Shares
4,584
5,039
6,355
10,142
13,587
12,076
13,366
18,290
23,216
26,274
30,676
42,001
42,001
Sales/Revenue/Turnover
4.63
5.19
4.98
5.38
4.99
4.22
4.59
4.9
3.77
3.7
4.53
3.49
3.49
Operating Margin (%)
40
58
69
40
53
66
83
97
138
155
209
271
271
Depreciation Expense
50
65
104
210
273
204
228
403
377
439
729
762
762
Net Income, GAAP
34.13
35.51
30.29
30.03
33.27
14.58
26.42
27.11
24.46
25.14
25.55
24.94
24.94
Effective Tax Rate (%)
1.09
1.29
1.63
2.07
2.01
1.69
1.71
2.2
1.62
1.67
2.38
1.81
1.81
Profit Margin (%)
208
455
444
480
541
672
965
1,469
1,734
2,497
6,060
6,525
6,525
Working Capital
220
321
490
704
717
890
1,162
1,469
940
1,065
255
917
917
LT Debt
475
669
769
1,136
1,468
1,736
2,052
2,586
4,181
5,764
12,574
13,335
13,335
Total Equity
- -
9.21
9.41
12.12
11.38
9.57
8.93
11.01
9.73
8.65
8.46
7.17
7.17
Return on Invested Capital (%)
- -
12
12.2
14.7
13.97
11.53
10.3
12.95
11.95
12.98
18.08
27.9
27.9
Return on Capital (%)
- -
41.37
39.79
51.87
42.97
23.44
21.01
28.67
20.91
19.79
25.7
44.41
44.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,432
- -
1,759
LT Borrowings
288
- -
661
LT Finance Leases
- -
- -
255
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
203
- -
203
Market Capitalization
22,390
18,782
14,329

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
11,358
- -
12,113
Cash, Cash Equivalents & STI
1,567
- -
870
Accounts Receivable, Net
3,691
- -
4,490
Inventories
4,217
- -
5,656
Total Current Liabilities
5,439
- -
5,588
Payables & Accruals
- -
- -
- -
ST Debt
2,432
- -
1,759
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
37.8%
49.95%
6.05%
Free Cash Flow
-112.19%
-201.46%
23.63%
Net Income, GAAP
33.61%
31.46%
4.4%
Sales/Revenue/Turnover
24.98%
26.12%
36.92%
Total Cash Common Dividend
- -
- -
13.39%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,422
7,460
6,301
6,092
26,274
2025
8,670
7,059
7,610
10,696
30,676
2026
7,914
8,588
10,696
14,804
42,001

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.61
0.81
1.09
- -
3.25
2025
1.16
1.1
1.08
0.84
3.98
2026
1.04
1.01
0.84
0.89
3.77

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
0.02
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Business
Hi-Tech Pipes Limited manufactures and sells steel pipes and related products in India. The company produces mild steel hollow section ERW pipes under brands such as Shakti, Pillar and Bahubali; mild steel round pipes branded CaseWell and Firefighter; galvanized iron pipes including Jal Shakti, Organic GI Pipes, Firefighter and CaseWell; galvanized pipes under Pre gal; metal beam crash barriers branded CrashGuard; cold rolled coils and strips encompassing BP Sheet, HROP, CRCA and CRFH; as well as color coated coils, galvanized roofing sheets and metal GC sheets. Hi-Tech Pipes operates manufacturing plants in locations including Hindupur in Andhra Pradesh, Sikandrabad in Uttar Pradesh and Sanand in Gujarat, with a pan-India network of distributors, dealers and customers spanning infrastructure, automotive, renewable energy, road construction, telecommunications and government sectors. Founded in 1985 and headquartered in New Delhi, the company maintains an installed capacity supporting diverse applications such as casing pipes for borewells, steel pipes for firefighting and structural pipes for fabrication. In October 2024, Hi-Tech Pipes closed a Rs 5,000 million qualified institutional placement oversubscribed by marquee investors including mutual funds and foreign institutions to fund capacity expansion; the company subsequently unveiled a multi-year strategy in November 2025 targeting steel tube and coil capacity beyond 7 lakh tonnes per annum by fiscal 2027 through investments in color-coated coils, structural products and a pan-India distribution network, with anticipated revenue and EBITDA improvements by the second quarter of fiscal 2026.