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Hi-Tech Pipes

HITECH NSE
₹64.39 0.52 (0.80%)
Market Cap
₹1,308 Cr
P/E
17.31

Hi-Tech Pipes (HITECH) share price was ₹64.39 at the 28 Oct 2026 close; market capitalisation ₹1,308 Cr; P/E (TTM) 17.31; sector Industrial Products. The share price fell 43.1% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 78.5% year on year to ₹1,412.8 Cr and net profit fell 4.3% year on year to ₹20.0 Cr (compared with Jun 2025). Promoters held 43.43% of Hi-Tech Pipes in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 45/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹64.39 −48.77 −43.10% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹1,308 Cr
P/E (TTM)
17.31
EBITDA
₹176 Cr
Return on Equity
5.71%
Debt to Equity
0.2
Book Value
₹65.65
EPS (TTM)
₹3.72
52W High
₹115.85
52W Low
₹62.10

Price-based figures as of 28 Oct 2026, 15:59 IST · EPS basis: Consolidated · TTM

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Welspun Corp
₹2,564.3029.2967,644 Cr7.390.20%17.23%19.52%18,378 Cr2,319 Cr
APL Apollo Tubes
₹2,165.3048.9160,121 Cr10.470.38%22.71%28.21%24,268 Cr1,229 Cr
Shyam Metalics & Energy
₹1,144.7028.4531,952 Cr2.770.16%8.58%12.95%19,781 Cr1,121 Cr
Ratnamani Metals & Tubes
₹2,310.0037.4116,191 Cr3.940.43%12.70%16.32%4,431 Cr514 Cr
Jindal SAW
₹241.0528.0915,415 Cr1.220.82%7.53%10.94%18,622 Cr498 Cr
Usha Martin
₹464.1027.8914,143 Cr4.280.78%14.88%18.75%3,918 Cr508 Cr
Gallantt Ispat
₹537.2029.7312,962 Cr3.720.37%14.60%17.99%4,646 Cr436 Cr
Hi-Tech Pipes (this company)
₹64.3917.311,308 Cr0.980.05%5.71%10.17%4,824 Cr75 Cr
Median 8 companies₹840.9528.8715,803 Cr3.830.38%13.65%17.16%11,601 Cr511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-28
v2.0.0
45 Average
Overall score
Data confidence 100/100

Category scores

Quality Poor 32
Returns, margins, earnings quality 22%
Valuation Average 54
Cheap vs sector & own history 24%
Growth Strong 96
Sales & profit trajectory 9%
Financial Health Weak 41
Solvency, leverage, coverage 9%
Momentum Poor 15
Trend strength, vol-adjusted 12%
Ownership Weak 39
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Stock is trading at 1.09 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.3% CAGR over last 5 years
  • Company's median sales growth is 26.7% of last 10 years

Weaknesses

2
  • Company has a low return on equity of 7.12% over last 3 years.
  • Promoter holding has decreased over last 3 years: -11.8%

Technical Indicators

Oscillators

BearishNeutralBullish

Bullish

Bearish
2
Neutral
4
Bullish
3

Overall

BearishNeutralBullish

Bearish

Bearish
12
Neutral
4
Bullish
3

Moving Averages

BearishNeutralBullish

Bearish

Bearish
10
Neutral
0
Bullish
0
Analyst Rating
Based on 1 analysts
BUY SHARE100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

Updated 28 Oct 2026

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

Revenue Growth
36.92% higher than 3Y

change over 1 year

Net Income Growth
4.53% lower than 3Y

change over 1 year

Cash Flow Change
-95.25%

change over 1 year

EBITDA Margin Change
-20.64%

change over 1 year Operating margin 3.5% · Jun 2026

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹227 Cr +28.7% vs FY26
Reported High Mean Low

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
642
746
630
681
867
706
761
734
791
859
1,070
1,480
1,413
Expenses
621
719
599
646
824
664
721
699
750
814
1,028
1,434
1,363
Operating Profit
21
27
32
35
43
42
40
35
41
44
42
46
49
OPM %
3.3%
3.6%
5%
5%
4.9%
6%
5%
4.8%
5%
5%
3.9%
3.1%
3.5%
Other Income
0
1
0
0
1
1
0
0
1
1
0
0
1
Interest
8
10
9
14
14
14
9
7
8
12
12
16
16
Depreciation
3
3
4
6
5
5
6
4
6
7
7
8
8
PBT
11
14
19
15
24
24
26
24
28
27
23
23
26
Tax %
26%
25%
25%
25%
25%
26%
25%
27%
25%
25%
25%
24%
24%
Net Profit
8
11
14
11
18
18
19
18
21
20
17
18
20
EPS (₹)
0.61
0.8
1.05
0.74
1.14
1.03
0.94
0.87
1.03
1
0.86
0.87
0.99
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
504
637
1,016
1,360
1,210
1,341
1,879
2,386
2,699
3,068
4,200
4,822
Expenses
472
598
956
1,286
1,150
1,270
1,778
2,283
2,584
2,908
4,027
4,640
Operating Profit
32
40
60
75
59
71
101
103
115
160
174
182
OPM %
6%
6%
6%
6%
4.9%
5%
5%
4.3%
4.2%
5%
4.1%
3.8%
Other Income
1
2
1
1
1
1
1
-4
1
2
3
2
Interest
17
20
27
30
30
32
36
35
42
43
48
55
Depreciation
6
7
4
5
7
8
10
14
15
21
27
29
PBT
10
15
30
41
24
31
55
50
59
98
101
100
Tax %
35%
30%
30%
33%
15%
26%
27%
24%
25%
26%
25%
—
Net Profit
6
10
21
27
20
23
40
38
44
73
76
75
EPS (₹)
0.63
1.01
2.04
2.56
1.87
2.03
3.29
2.95
2.93
3.59
3.75
3.72
Div. Payout %
8%
2%
1%
1%
1%
0%
2%
1%
1%
1%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
10
11
11
11
12
13
15
20
20
Reserves
56
67
103
136
163
194
246
405
561
1,237
1,313
Borrowings
142
180
255
272
312
317
393
273
402
192
268
Other Liabilities
71
103
80
86
82
77
117
224
200
307
422
Total Liabilities
279
360
449
505
568
599
769
916
1,179
1,756
2,024
Fixed Assets
55
81
124
169
173
202
239
287
355
392
634
CWIP
7
8
17
4
29
30
29
36
62
194
103
Investments
0
0
0
0
0
0
0
2
3
4
5
Other Assets
218
271
307
332
365
367
501
590
759
1,166
1,282
Total Assets
279
360
449
505
568
599
769
916
1,179
1,756
2,024
Figures in ₹ Crores

Cash Flow

Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1
24
-6
49
25
64
-17
134
-95
70
3
Investing
-19
-39
-53
-40
-39
-40
-46
-98
-153
-390
-41
Financing
23
14
59
-9
14
-25
64
-35
249
354
23
Net Cash Flow
5
-1
0
0
0
0
0
1
0
33
-14
Free Cash Flow
-18
-10
-62
16
-11
23
-63
64
-204
-120
-167
CFO/OP
8
69
0
73
53
97
-13
144
-73
55
14
Figures in ₹ Crores

Ratios

Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
49
55
37
37
41
33
33
28
38
36
39
Inventory Days
86
81
62
45
60
57
—
—
610
716
266
Days Payable
32
37
18
17
19
15
—
—
277
466
173
Cash Conversion Cycle
103
98
81
64
82
75
33
28
371
287
132
Working Capital Days
23
16
13
10
15
22
25
23
30
50
49
ROCE %
—
15%
18%
18%
12%
13%
16%
14%
12%
12%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Hi-Tech Pipes insights

64 extracted metrics + investor summaries across FY16–FY27.

Shareholding Pattern

FIIs1.12%Promot.43.43%Others10.33%DIIs12.84%Public32.28%As ofSep 2026
14.63% of promoter holding pledged as of Sep 2026

Documents

Frequently Asked Questions about Hi-Tech Pipes

What does Hi-Tech Pipes Ltd do?
Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india.
Where is Hi-Tech Pipes Ltd (HITECH) listed?
Hi-Tech Pipes Ltd trades as HITECH on the NSE and under code 543411 on the BSE.
Which sector does Hi-Tech Pipes Ltd belong to?
Hi-Tech Pipes Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Hi-Tech Pipes Ltd?
Hi-Tech Pipes Ltd has a market capitalisation of ₹1,308 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Hi-Tech Pipes Ltd?
Hi-Tech Pipes Ltd trades at a PE ratio of 17.31 as of 28 Oct 2026, on earnings per share of ₹3.72, against a book value of ₹65.65 per share.
What is the 52-week high and low of Hi-Tech Pipes Ltd?
Over the last 52 weeks Hi-Tech Pipes Ltd has traded between ₹62.1 and ₹115.85 as of 28 Oct 2026.
Does Hi-Tech Pipes Ltd pay dividends?
Hi-Tech Pipes Ltd has a dividend yield of 0.05%.
What is the Return on Equity (ROE) of Hi-Tech Pipes Ltd?
Hi-Tech Pipes Ltd reported a return on equity of 5.71%. Its debt-to-equity ratio is 0.20.

Company Information

Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india.

Website hitechpipes.in
CEO Mr. Ajay Kumar Bansal
Employees 535
Listed 2018-05-07
Face Value ₹ 1
Shares Outstanding 20,31,07,734

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