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

₹ 164 1.30%
22 Nov 10:47 a.m.
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 ₹ 3,326 Cr.
  • Current Price ₹ 164
  • High / Low ₹ 211 / 97.6
  • Stock P/E 54.0
  • Book Value ₹ 42.5
  • Dividend Yield 0.02 %
  • ROCE 13.1 %
  • ROE 10.2 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 3.80 times its book value
  • Promoter holding has decreased over last quarter: -6.76%
  • Company has a low return on equity of 13.3% 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

Consolidated Figures in Rs. Crores / View Standalone

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
461 440 595 516 599 569 702 642 746 630 681 867 706
437 415 565 498 575 541 668 621 719 599 646 824 664
Operating Profit 24 25 30 18 24 28 34 21 27 32 35 43 42
OPM % 5% 6% 5% 3% 4% 5% 5% 3% 4% 5% 5% 5% 6%
0 0 1 1 -6 1 0 0 1 0 -0 1 1
Interest 8 9 12 10 10 8 8 8 10 9 14 14 14
Depreciation 2 2 2 2 2 4 5 3 3 4 6 5 5
Profit before tax 14 14 16 6 6 17 21 11 14 19 15 24 24
Tax % 27% 27% 29% 26% 24% 25% 23% 26% 25% 25% 25% 25% 26%
10 10 11 4 4 13 16 8 11 14 11 18 18
EPS in Rs 0.82 0.83 0.91 0.37 0.35 1.06 1.24 0.61 0.80 1.05 0.74 1.14 1.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
504 637 1,016 1,360 1,210 1,341 1,879 2,386 2,699 2,884
472 598 956 1,286 1,150 1,270 1,778 2,283 2,584 2,732
Operating Profit 32 40 60 75 59 71 101 103 115 152
OPM % 6% 6% 6% 6% 5% 5% 5% 4% 4% 5%
1 2 1 1 1 1 1 -4 1 2
Interest 17 20 27 30 30 32 36 35 42 51
Depreciation 6 7 4 5 7 8 10 14 15 20
Profit before tax 10 15 30 41 24 31 55 50 59 82
Tax % 35% 30% 30% 33% 15% 26% 27% 24% 25%
6 10 21 27 20 23 40 38 44 62
EPS in Rs 0.63 1.01 2.04 2.56 1.87 2.03 3.29 2.95 2.93 3.96
Dividend Payout % 8% 2% 1% 1% 1% 0% 2% 1% 1%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 26%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 24%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: 65%
3 Years: 39%
1 Year: 46%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 13%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 11 11 11 12 13 15 18
Reserves 56 67 95 130 163 190 246 318 513 731
142 180 255 272 312 317 393 273 402 327
71 103 88 92 82 82 117 311 249 337
Total Liabilities 279 360 449 505 568 599 769 916 1,179 1,413
55 81 124 169 173 202 239 287 355 349
CWIP 7 8 17 4 29 30 29 36 62 94
Investments 0 0 0 0 0 0 0 2 3 4
218 271 307 332 365 367 501 590 759 965
Total Assets 279 360 449 505 568 599 769 916 1,179 1,413

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 24 -6 49 25 64 -17 134 -95
-19 -39 -53 -40 -39 -40 -46 -98 -117
23 14 59 -9 14 -25 64 -35 213
Net Cash Flow 5 -1 -0 -0 -0 -0 0 1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 49 55 37 37 41 33 33 28 38
Inventory Days 86 81 62 45 60 57 610
Days Payable 32 37 18 17 19 15 277
Cash Conversion Cycle 103 98 81 64 82 75 33 28 371
Working Capital Days 98 85 74 60 77 70 68 45 65
ROCE % 15% 19% 18% 12% 13% 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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