Hi-Tech Pipes
Hi-Tech Pipes Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Hi-Tech Pipes Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Hi-Tech Pipes Ltd trades at a P/E of 23.67× and P/B of 1.32×.
Valuation
Profitability
Growth
Financial Health
Hi-Tech Pipes Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Hi-Tech Pipes Ltd, switchable between annual and quarterly views, consolidated or standalone.
Hi-Tech Pipes Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,871.43 Cr and reported EPS of ₹3.77.
| Period | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,040 | 1,040 | 1,210 | 1,341 | 1,879 | 2,386 | 2,699 | 3,068 | 4,200 |
| Other Income | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 3 |
| Total Income | 1,042 | 1,042 | 1,211 | 1,341 | 1,880 | 2,388 | 2,700 | 3,070 | 4,203 |
| Cost of Goods Sold (COGS) | 913 | 913 | 1,095 | 1,210 | 1,699 | 2,174 | 2,463 | 2,784 | 3,894 |
| Gross Profit | 127 | 127 | 114 | 130 | 180 | 212 | 237 | 284 | 306 |
| +Operating Expenses | 67 | 67 | 55 | 60 | 79 | 108 | 122 | 124 | 133 |
| EBITDA | 60 | 60 | 59 | 71 | 101 | 103 | 115 | 160 | 174 |
| +Non-Operating Expenses | 31 | 31 | 37 | 41 | 46 | 43 | 57 | 64 | 75 |
| Profit Before Tax (PBT) | 30 | 30 | 24 | 31 | 55 | 50 | 59 | 98 | 101 |
| +Tax Expense | 9 | 9 | 3 | 8 | 15 | 12 | 15 | 25 | 25 |
| Profit After Tax (PAT) | 21 | 21 | 20 | 23 | 40 | 38 | 44 | 73 | 76 |
| Earnings Per Share (EPS) | 2.00 | 2.00 | 1.87 | 2.03 | 3.29 | 2.95 | 2.93 | 3.59 | 3.75 |
| Diluted Shares Outstanding (Nos.) | 11 | 11 | 11 | 11 | 12 | 13 | 15 | 20 | 20 |
| +Additional Disclosures | 1,925 | 1,925 | 2,282 | 2,521 | 3,524 | 4,506 | 5,104 | 5,755 | 7,995 |
| Sales Growth % | — | — | 16.28 | 10.83 | 40.15 | 26.98 | 13.14 | 13.65 | 36.92 |
| YoY Sales Growth % | — | — | — | 10.83 | 40.15 | 26.98 | 13.14 | 13.65 | 36.92 |
| Material Cost % | 86 | 86 | 91 | 90 | 92 | 88 | 84 | 84 | 74 |
| Employee Cost % | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Cost % | 5 | 5 | 3 | 3 | 3 | 3 | 3 | 3 | 2 |
| OPM % | 6 | 6 | 5 | 5 | 5 | 4 | 4 | 5 | 4 |
| Tax % | 30 | 30 | 15 | 26 | 27 | 24 | 25 | 26 | 25 |
| Profit Growth % | — | — | — | 11.89 | 76.85 | -6.56 | 16.58 | 66.05 | 4.40 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 56 | 56 | 53 | 62 | 91 | 89 | 99 | 139 | 146 |
Hi-Tech Pipes segment analysis: revenue and profit mix.
Disclosed business segments at Hi-Tech Pipes with their share of revenue and profit, switchable between consolidated and standalone reporting.
Hi-Tech Pipes discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Hi-Tech Pipes Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Hi-Tech Pipes Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Hi-Tech Pipes Ltd's investment case rests on 5 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Hi-Tech Pipes Ltd exhibits a very strong financial position with a low debt-to-equity ratio of 0.15, significantly reducing financial risk and indicating robust balance sheet health for investors.
The company shows positive momentum in its recent financial performance, reporting a healthy 15.90% increase in quarterly profit, signaling effective operational management and potential for sustained earnings growth.
As an Iron & Steel Products company within the Capital Goods sector, Hi-Tech Pipes is well-positioned to capitalize on potential growth from increasing infrastructure development and industrial expansion.
With a relatively smaller market capitalization of 2337.00 compared to larger peers, the company has significant room for market share expansion and accelerated growth within the industry.
Foreign Institutional Investors (FIIs) have shown increased interest, with holdings rising from 1.70% in June 2025 to 2.39% by September 2025, indicating growing confidence from international investors.
What can break it.
A notable concern is the consistent decline in promoter holding, dropping from 59.32% in June 2022 to 43.63% by September 2025, which could signal reduced insider confidence or potential future dilution.
The company exhibits relatively low profitability metrics with an ROE of 7.95% and ROCE of 11.60%, which are significantly below many industry peers, suggesting less efficient capital utilization.
Despite profit growth, the company experienced an 8.72% decline in quarterly sales, indicating potential challenges in revenue generation and market demand, which warrants close monitoring by investors.
Hi-Tech Pipes' P/E ratio of 30.80 is higher than the sector P/E of 25.74 and several peers, suggesting the stock might be overvalued compared to its current earnings potential.
The stock is currently trading at 115.00, significantly below its 52-week high of 195.00, reflecting considerable price volatility and a substantial correction from its peak valuation.
What would change my mind.
Trim if P/E re-rates above 31. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 20.56. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Hi-Tech Pipes Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Hi-Tech Pipes Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Hi-Tech Pipes Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Hi-Tech Pipes Ltd — derived from the live tape, not yesterday's close.
Hi-Tech Pipes Ltd last traded at ₹91.89 with an intraday range of ₹90.22–₹92.2 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹91.89| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 96.61 | +4.72 | +5.14% |
| R3 | 94.63 | +2.74 | +2.99% |
| R2 | 93.42 | +1.53 | +1.66% |
| R1 | 92.65 | +0.76 | +0.83% |
| PIVOT | 91.44 | -0.45 | -0.49% |
| CURRENT | 91.89 | — | — |
| S1 | 86.71 | -5.18 | -5.63% |
| S2 | 88.69 | -3.20 | -3.48% |
| S3 | 89.46 | -2.43 | -2.65% |
| S4 | 90.67 | -1.22 | -1.32% |
HITECH is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: 90.22 ~ 91.15
Trading Above opening range, showing Bullishness
Hi-Tech Pipes Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Hi-Tech Pipes Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Hi-Tech Pipes Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Hi-Tech Pipes Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Hi-Tech Pipes Ltd stood at 62.7% of traded volume, against a 20-day average of 50.1%.
Hi-Tech Pipes announcements: results, concalls, ratings, M&A.
Filings Hi-Tech Pipes sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Hi-Tech Pipes files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 74 documents below.
Copy of Newspaper Publication
Hi-Tech Pipes Limited has informed the Exchange about Copy of Newspaper Publication
Copy of Newspaper Publication
Hi-Tech Pipes Limited has informed the Exchange about Copy of Newspaper Publication
Investor Presentation
Hi-Tech Pipes Limited has informed the Exchange about Investor Presentation
Press Release
Hi-Tech Pipes Limited has informed the Exchange regarding a press release dated May 28, 2026, titled "Press Release w.r.t. Financial Results for the…
Outcome of Board Meeting
Hi-Tech Pipes Limited has informed the Exchange regarding Outcome of Board Meeting held on May 28, 2026.
Investor decks & rating reports.
Hi-Tech Pipes insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Hi-Tech Pipes as reported to SEBI — buying and selling signals from the people who know the business best.
Hi-Tech Pipes insider activity below tracks 9 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| MANOJ KUMAR GUPTA, TRUSTEE HI-TECH PIPES EMPLOYEES WELFARE TRUST | Insider | 24 Mar 2025 | buy | +90.0 K | ₹1.04 Cr | ₹115.95 |
| MANOJ KUMAR GUPTA, TRUSTEE HI-TECH PIPES EMPLOYEES WELFARE TRUST | Insider | 11 Mar 2025 | buy | +10.0 K | ₹10.2 L | ₹102.00 |
| MANOJ KUMAR GUPTA, TRUSTEE HI-TECH PIPES EMPLOYEES WELFARE TRUST | Insider | 06 Mar 2025 | buy | +10.0 K | ₹11.37 L | ₹113.71 |
| MANOJ KUMAR GUPTA, TRUSTEE HI-TECH PIPES EMPLOYEES WELFARE TRUST | Insider | 21 Feb 2025 | buy | +26.0 K | ₹29.23 L | ₹112.41 |
| MANOJ KUMAR GUPTA, TRUSTEE HI-TECH PIPES EMPLOYEES WELFARE TRUST | Insider | 17 Feb 2025 | buy | +20.0 K | ₹20.46 L | ₹102.32 |
| MANOJ KUMAR GUPTA, TRUSTEE HI-TECH PIPES EMPLOYEES WELFARE TRUST | Insider | 31 Dec 2024 | buy | +11.5 K | ₹18.51 L | ₹160.93 |
| MANOJ KUMAR GUPTA, TRUSTEE HI-TECH PIPES EMPLOYEES WELFARE TRUST | Insider | 26 Dec 2024 | buy | +25.0 K | ₹39.7 L | ₹158.79 |
| MANOJ KUMAR GUPTA, TRUSTEE HI-TECH PIPES EMPLOYEES WELFARE TRUST | Insider | 20 Dec 2024 | buy | +50.0 K | ₹80.18 L | ₹160.36 |
| MANOJ KUMAR GUPTA, TRUSTEE HI-TECH PIPES EMPLOYEES WELFARE TRUST | Insider | 13 Dec 2024 | buy | +15.0 K | ₹24.63 L | ₹164.22 |
Hi-Tech Pipes dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Hi-Tech Pipes has declared, sequenced by announce and record date.
Hi-Tech Pipes corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Hi-Tech Pipes Ltd: business, sector, key facts.
What Hi-Tech Pipes Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Hi-Tech Pipes Ltd operates in the Basic Materials, listed as NSE: HITECH, BSE: 543411.
Hi-Tech Pipes Limited is an Indian manufacturer and seller of steel products, primarily focused on various types of steel pipes and related materials. Their core business revolves around the production and distribution of a wide range of steel, encompassing mild steel hollow section ERW steel pipes, mild steel round pipes, galvanized and pre-galvanized steel pipes, and other associated products like crash barriers, cold rolled coils and strips, and coated coils and roofing sheets.
The company's product portfolio caters to a diverse clientele and an extensive array of applications. Their steel products find utility in construction and infrastructure projects, the automotive industry, furniture manufacturing, storage solutions, agriculture, fencing and signage, various industrial applications, railing and cladding, the creation of furniture and containers, solar mounting structures, rooftop sheds, home appliances, electronics, borewell construction, transport, and even fire-fighting systems. This broad range of applications underlines the versatility and widespread demand for Hi-Tech's offerings.
Hi-Tech Pipes Limited employs a multi-channel distribution strategy, selling its products through a network of dealers and distributors, as well as directly to original equipment manufacturers (OEMs), architects, builders, and contractors. The company's reach extends beyond the domestic market, with a significant portion of its production exported to international clients. Their brand recognition is further strengthened through a series of distinct brand names applied to their various product lines, including Hi-Tech Jal Shakti Pipes, Hi-Tech Organic GI Pipes, Hi-Tech Casewell, and several others, each likely targeting specific market segments or product types.
In essence, Hi-Tech Pipes Limited operates as a significant player in India's steel industry, specializing in the manufacturing and distribution of steel pipes and related products. Their success is built upon a diverse product range, a wide customer base encompassing various sectors, and a robust distribution network that extends both domestically and internationally. The company's long history, dating back to its incorporation in 1985, demonstrates its enduring presence and contribution to the Indian steel market.
Questions investors ask about Hi-Tech Pipes Ltd (HITECH).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Hi-Tech Pipes Ltd (HITECH)?
The current share price of Hi-Tech Pipes Ltd (HITECH) is ₹91.89. Today, the stock has gained by ₹1.47 (1.63%), trading in a range of ₹90.22 to ₹92.2. The stock opened at ₹90.42 with a trading volume of 6,38,781 shares.
02Is Hi-Tech Pipes Ltd stock a good investment for long-term?
Hi-Tech Pipes Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,871.43 crores, P/E ratio of 23.67, ROE of 5.88%, and ROCE of 11.60%. The dividend yield stands at 0.03%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Hi-Tech Pipes Ltd stock?
The 52-week high price of Hi-Tech Pipes Ltd (HITECH) is ₹127.5, while the 52-week low is ₹70.14. Currently trading at ₹91.89, the stock is 37.9% away from its 52-week low and 27.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Hi-Tech Pipes Ltd stock at the current price?
Whether to buy Hi-Tech Pipes Ltd stock at ₹91.89 depends on multiple factors. The stock is currently trading with a P/E ratio of 23.67 and P/B ratio of 1.32. Today's performance shows a gain of 1.63%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Hi-Tech Pipes Ltd and when is the next dividend?
Hi-Tech Pipes Ltd offers a dividend yield of 0.03%, which means for every ₹100 invested at the current price of ₹91.89, you can expect to receive approximately ₹0.03 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Hi-Tech Pipes Ltd?
Hi-Tech Pipes Ltd's key financial metrics include: P/E Ratio: 23.67, P/B Ratio: 1.32, ROE: 5.88%, ROCE: 11.60%, Dividend Yield: 0.03%, EPS: ₹3.77, Book Value: ₹67.44, and Debt-to-Equity: 20.06. The company's market cap stands at ₹1,871.43 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Hi-Tech Pipes Ltd stock performing today in the market?
Hi-Tech Pipes Ltd stock opened at ₹90.42 and is currently trading at ₹91.89, showing a gain of ₹1.47 (1.63%). The intraday high is ₹92.2 and low is ₹90.22. The trading volume stands at 6,38,781 shares, indicating moderate market participation today.
08What is the P/E ratio of Hi-Tech Pipes Ltd and what does it indicate?
Hi-Tech Pipes Ltd has a Price-to-Earnings (P/E) ratio of 23.67, which means investors are willing to pay ₹23.67 for every ₹1 of earnings. With an EPS of ₹3.77, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Hi-Tech Pipes Ltd (HITECH) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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