1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Hi-Tech Pipes Ltd.

Hi-Tech Pipes Ltd.

66.14
INR
-2.42
(-3.53%)
3.73EPS
23.60P/E
17.87BMarket Cap
Nov 14Next Earn
Hi-Tech Pipes Ltd.
NSE:HITECH
(National Stock Exchange of India)

Recent

price

66.14

P/E

ratio

23.60

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
60.55
64.34
61.69
98.42
127.3
111.61
122.24
153.29
188.08
194.16
162.73
205.62
238.77
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
3.75
3.73
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
-7.31
- -
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
4.61
6.5
7.46
10.82
13.72
15.89
18.31
21.08
32.71
38.45
62
65.65
- -
Book Value per Share
4.6
6.49
7.45
10.81
13.71
15.88
18.31
21.07
32.67
38.42
61.98
64.76
- -
Tangible Book Value per Share
76
78
103
103
107
108
109
119
123
135
183
203
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
29,811
41,762
48,215
Sales/Revenue/Turnover
4.63
5.19
4.98
5.38
4.99
4.22
4.59
4.9
3.77
3.7
4.5
3.28
3.18
Operating Margin (%)
40
58
69
40
53
66
83
97
138
155
209
271
287
Depreciation Expense
50
65
104
210
273
204
228
403
377
439
729
762
753
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
24.7
Effective Tax Rate (%)
1.09
1.29
1.63
2.07
2.01
1.69
1.71
2.2
1.62
1.67
2.45
1.82
1.56
Profit Margin (%)
208
455
444
480
541
672
965
1,469
1,734
2,497
6,060
6,525
- -
Working Capital
220
321
490
704
717
890
1,162
1,469
940
1,065
255
917
- -
LT Debt
475
669
769
1,136
1,468
1,736
2,052
2,586
4,181
5,764
12,574
13,335
- -
Total Equity
- -
3.55
4.41
12.12
11.38
9.61
8.93
11.01
9.01
8.65
8.17
6.69
- -
Return on Invested Capital (%)
- -
9.28
9.79
12.13
11.6
9.66
8.65
10.93
9.13
8.7
8.44
7.14
- -
Return on Capital (%)
- -
11.36
14.44
22.06
21.01
12.73
12.04
17.39
11.14
8.83
7.96
5.88
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,762
- -
LT Borrowings
- -
661
- -
LT Finance Leases
- -
255
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
203
203
203
Market Capitalization
18,700
14,406
17,871

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
12,113
- -
Cash, Cash Equivalents & STI
- -
254
- -
Accounts Receivable, Net
- -
4,490
- -
Inventories
- -
5,656
- -
Total Current Liabilities
- -
5,588
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,762
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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
24.97%
26.1%
40.09%
Total Cash Common Dividend
- -
- -
13.39%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8,670
7,059
7,610
10,696
29,811
2026
7,914
8,588
10,696
14,804
41,762
2027
14,128
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.16
1.1
1.08
0.84
3.98
2026
1.04
1.01
0.84
0.89
3.75
2027
0.99
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
0.02
2027
- -
- -
- -
- -
- -
Similar Companies
Tata Steel Limited (NSE:TATASTEEL)
JSW Steel Limited (NSE:JSWSTEEL)
Eregli Demir Ve Celik Fabrikalari T.A.S. (BIST:EREGL)
Steel Authority of India Limited (NSE:SAIL)
Kardemir Karabiik Demir celik Sanayi ve Ticaret A.S. Class D (BIST:KRDMD)
Severstal (MOEX:CHMF)
Business
Hi-Tech Pipes Limited manufactures and sells a range of steel pipes and related products in India. The company produces ERW black steel tubes, mild steel round pipes, square and rectangular hollow sections including jumbo sizes, GI pipes, GP pipes, solar torque tubes, casing pipes for borewells, steel pipes for firefighting, grooved firefighting pipes, galvanized roofing sheets, color-coated coils, cold-rolled strips and coils, metal beam crash barriers, and solar mounting structures; it serves industries such as infrastructure, agriculture, real estate, automotive, oil and gas, defense, power distribution, railways, airports, fabrication, and engineering. Founded in 1985 and headquartered in New Delhi, the company operates five manufacturing plants across Uttar Pradesh, Gujarat, Maharashtra, and Andhra Pradesh, supported by four depots, three offices, and around 390 dealers with a pan-India distribution network. In recent developments, Hi-Tech Pipes commenced commercial production at its Sanand Unit II Phase II facility in Gujarat in late 2025, adding 100,000 MTPA capacity for larger-diameter ERW pipes, jumbo hollow sections, and structural products to target high-growth sectors like solar, engineering, and infrastructure in Western India; it secured a INR 105 crore order in 2024 for ERW steel pipes from renewable energy customers to be fulfilled from the Sanand Unit II Phase I; the board approved fundraising up to INR 600 crore in 2024; capacity expansions at Sikandrabad and Sanand facilities progress toward a near-term 1 million tonne milestone and 2 million tonnes by FY29, including entry into API-grade pipes for oil, gas, and water transmission; value-added products constitute 38-45% of sales with Q2 FY26 volumes at a record 125,218 MT.