Hi-Tech Pipes Ltd

Hi-Tech Pipes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hi-Tech Pipes Ltd

₹ 162 -2.58%
21 Nov - close price
hitechpipes.in BSE: 543411 NSE: HITECH
About

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

Key Points

Leading Player
Hi-Tech pipes is one of India’s leading manufacturers of Steel Pipes with a presence in more than 5,000 retail stores. [1]

Website BSE NSE
  • Market Cap ₹ 3,280 Cr.
  • Current Price ₹ 162
  • High / Low ₹ 211 / 97.6
  • Stock P/E 67.1
  • Book Value ₹ 38.8
  • Dividend Yield 0.02 %
  • ROCE 12.5 %
  • ROE 9.07 %
  • Face Value ₹ 1.00
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Pros

  • Company's median sales growth is 18.6% of last 10 years

Cons

  • Stock is trading at 4.17 times its book value
  • Promoter holding has decreased over last quarter: -6.76%
  • Company has a low return on equity of 12.0% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

Part of BSE Allcap BSE Industrials BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
373 350 484 407 457 444 553 520 603 518 565 723 621
355 332 460 394 438 424 525 504 582 493 539 688 586
Operating Profit 18 17 24 13 18 19 28 16 21 25 26 35 35
OPM % 5% 5% 5% 3% 4% 4% 5% 3% 4% 5% 5% 5% 6%
0 0 1 1 -6 0 0 0 1 0 -0 1 1
Interest 6 6 10 7 6 6 6 5 7 6 13 11 11
Depreciation 2 2 2 2 2 3 5 2 2 3 5 4 4
Profit before tax 10 9 13 5 4 11 17 9 12 16 8 20 21
Tax % 27% 27% 29% 26% 25% 25% 21% 25% 25% 24% 22% 25% 26%
8 7 9 4 3 8 14 7 9 12 6 15 15
EPS in Rs 0.63 0.54 0.74 0.29 0.27 0.68 1.07 0.50 0.70 0.88 0.41 0.97 0.87
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
370 383 458 504 591 822 1,118 967 1,026 1,512 1,861 2,207 2,428
352 364 433 472 555 776 1,063 923 975 1,438 1,782 2,119 2,307
Operating Profit 17 19 25 32 36 46 54 44 51 74 79 88 122
OPM % 5% 5% 6% 6% 6% 6% 5% 5% 5% 5% 4% 4% 5%
0 1 1 1 3 2 1 1 1 1 -5 1 2
Interest 12 12 15 17 20 23 23 24 25 27 25 32 41
Depreciation 3 3 4 6 6 3 4 5 7 7 11 13 17
Profit before tax 3 4 8 10 13 21 29 16 20 41 38 45 65
Tax % 34% 36% 34% 35% 33% 32% 36% 14% 25% 27% 23% 24%
2 3 5 6 9 15 18 14 15 30 29 34 49
EPS in Rs 4.40 0.82 1.31 0.63 0.85 1.41 1.70 1.28 1.34 2.43 2.26 2.26 3.13
Dividend Payout % 0% 0% 8% 8% 3% 2% 1% 2% 0% 2% 1% 1%
Compounded Sales Growth
10 Years: 19%
5 Years: 15%
3 Years: 29%
TTM: 15%
Compounded Profit Growth
10 Years: 30%
5 Years: 13%
3 Years: 31%
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: 65%
3 Years: 40%
1 Year: 46%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 12%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.47 3 4 10 10 10 11 11 11 12 13 15 18
Reserves 30 33 44 56 65 87 113 139 158 204 268 452 665
95 113 111 142 151 188 189 239 212 259 180 294 259
64 76 57 71 92 70 83 73 72 106 279 201 269
Total Liabilities 189 225 215 279 317 355 396 463 453 581 740 961 1,210
27 29 43 55 67 96 129 134 145 180 226 290 283
CWIP 5 7 8 7 3 12 2 21 29 28 34 57 76
Investments 0 0 0 0 3 3 3 3 3 3 5 5 6
157 189 164 218 245 245 261 304 275 370 475 609 845
Total Assets 189 225 215 279 317 355 396 463 453 581 740 961 1,210

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 -2 26 1 39 5 52 3 76 7 56 -71
-6 -8 -19 -19 -28 -34 -31 -31 -27 -41 -79 -107
4 11 -7 23 -12 29 -20 28 -49 35 24 178
Net Cash Flow 0 1 1 5 -2 -0 0 -0 -0 0 1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57 68 42 49 48 35 31 43 30 30 29 39
Inventory Days 69 79 62 85 81 61 43 58 54 48 54 48
Days Payable 51 54 36 31 37 17 21 23 19 21 33 22
Cash Conversion Cycle 76 94 68 102 92 78 53 78 65 58 49 66
Working Capital Days 86 99 80 98 80 74 53 77 62 55 45 63
ROCE % 13% 12% 14% 15% 15% 17% 17% 12% 12% 16% 15% 13%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
59.31% 59.32% 59.32% 59.32% 56.87% 55.58% 55.27% 55.63% 53.19% 53.95% 50.76% 44.01%
0.01% 0.01% 0.01% 0.57% 1.06% 0.81% 0.34% 0.08% 0.38% 1.82% 9.31% 12.98%
0.00% 0.16% 0.16% 0.00% 5.08% 4.97% 4.82% 7.45% 11.44% 11.35% 10.05% 17.22%
40.69% 40.51% 40.51% 40.12% 36.97% 38.65% 39.57% 36.84% 34.97% 32.88% 29.89% 25.79%
No. of Shareholders 5,6645,6515,6525,7059,07619,01029,57539,28345,88852,23761,93761,623

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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