Hi-Tech Pipes Ltd.

HITECH

₹98.7

-0.9% (-0.9)

Market Cap

₹2,007 Cr.

P/E

30.20

About

Hi-Tech Pipes limited, is one of India's leading producers and suppliers of steel pipes, hollow sections, tubes, cold rolled coils and strips and a variety of other galvanized products.

Hi-Tech Pipes limited, is one of India's leading producers and suppliers of steel pipes, hollo… Read more

Low

52W Range

High

211

Timeline

Key company specific updates

Company Timeline

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Forensics

9 Yes

Positive for this company

2 Neutral

Neutral for this company

6 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Promoter Holding

Promoter has not sold any shares in the last 90 days
Revenue Recognition

Chances of aggressive revenue recognition - operating profit of company is not getting converted to cash and recievables rising faster than sales

Price & Performance

ROE

Asset turnover is responsible for roe increase over last 10 years
Working Capital

Working capital of the company seems to be under control
Sales Growth

Sales of the company has grown at a good pace
Balance Sheet Strength

Balance sheet of the company is strong. it shouldnt have solvency or liquidity issues
Capex vs ROCE

Company has made significant capex which might be affecting its roce
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Debt

Company might have issues servicing its debt
Share price

Share price has increased over last 10 years but more due to rerating
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Operational Metrics

EBITDA/Tonne - Steel (Rs/Tonne)
Source
Manufacturing Capacity - Steel Pipes (MTPA)
Source
Realization/Tonne - Steel Pipes (Rs/MT)
Source
Quarterly Sales Volume - Steel Pipes (Tonnes)
Source

Peer Comparison

Corporate Actions

Consolidated

DATE

DETAILS

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Customers

Adani Enterprises Ltd.
Ashok Leyland Ltd.
Bajaj Auto Ltd.
Bharat Heavy Electricals Ltd.
Bharti Airtel Ltd.
DLF Ltd.
Hindustan Construction Company Ltd.
Indian Oil Corporation Ltd.
Jaypee Infratech Ltd.
Larsen & Toubro Ltd.
NTPC Ltd.
Reliance Industries Ltd.
Steel Authority Of India Ltd.
Tata Motors Ltd.
Thermax Ltd.
BSNL
Government
Government of India
GVK Group
HP
Gas Authority Of India Limited

Showing 5 of 21

FAQs on Hi-Tech Pipes Ltd. Business

What does Hi-Tech Pipes do?

Hi-Tech Pipes Limited is a prominent producer and supplier in India, specializing in steel pipes, hollow sections, tubes, cold rolled coils, strips, and various galvanized products.

Who are the competitors of Hi-Tech Pipes?

Hi-Tech Pipes major competitors are Man Industries, Aeroflex Industries, Rama Steel Tubes, Goodluck India, Venus Pipes & Tubes, Hariom Pipe Inds., JTL Industries.
Market Cap of Hi-Tech Pipes is ₹2,023 Crs.
While the median market cap of its peers are ₹2,345 Crs.

Is Hi-Tech Pipes financially stable compared to its competitors?

Hi-Tech Pipes seems to be less financially stable compared to its competitors.
Altman Z score of Hi-Tech Pipes is 5.4 and is ranked 4 out of its 8 competitors.

View FAQ's On Shareprice

Global Leaders

Companies with a dominant global position in a product. Might be a sign of very strong moat.

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Company Filing

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Conference Call		Mar Jun Sep Dec	Mar Sep Dec	Mar Jun Sep Dec	Sep			Jun Sep
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Discussions & Analysis

Hi-Tech Pipes Ltd.

Interview - Mr. Ajay Kumar Bansal, Chairman & Managing Director, Hi-Tech Pipes Limited - TubePipeIndia

Metals Mining & Minerals

How to Invest in Cyclical Businesses - PPFAS | Jiten Parmar

Is Copper the new oil in an electrified world? - SOIC

Overview Of Steel Industry In One Picture - Dr Prashanth Mishra

A Glimpse Into The World Of Mining & Ancillaries - John Lee Pettimore

The energy transition delusion: inescapable mineral realities - Mark Mills

How to do Business Analysis of Nonferrous Metal Companies - Dr Vijay Malik

Spotting Winners in Metals & Mining Sector - SOIC

Steel Pipes

Steel Pipes Industry Overview - SOIC

Will Water Industry be the next Mega Theme? - SOIC

WATER Sector Analysis - Pipes - Sadhan

Steel Sector

Steel Sector - Basics and Sample Valuation - Omkara Capital

Long vs Flat Products - Explanation and Classification - CARE Ratings

Steel Sector Overview - Kirtan A Shah

A Deeper Look at the Indian Steel Pipe Industry - Capital Mind

Understanding The Steel Industry: A Deep Dive Into The Value Chain - Medha Nair

Spotting Winners in Metals & Mining Sector - SOIC

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Hi-Tech Pipes Ltd.