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Hi-Tech Pipes share price

Hi-Tech Pipes Ltd.

NSE: HITECH BSE: 543411 SECTOR: Steel & Iron Products  43k   56   10

132.95
+1.35 (1.03%)
BSE: Today, 09:12 AM

Price Summary

Today's High

₹ 132.95

Today's Low

₹ 132.95

52 Week High

₹ 170.25

52 Week Low

₹ 69.95

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1992.73 Cr.

Enterprise Value

2151.95 Cr.

No. of Shares

14.99 Cr.

P/E

48.11

P/B

3.99

Face Value

₹ 1

Div. Yield

0.02 %

Book Value (TTM)

₹  33.34

CASH

20.72 Cr.

DEBT

179.94 Cr.

Promoter Holding

53.2 %

EPS (TTM)

₹  2.76

Sales Growth

23.06%

ROE

11.63 %

ROCE

12.33%

Profit Growth

-3.25 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year23.06%
3 Year24.37%
5 Year17.76%

Profit Growth

1 Year-2.8%
3 Year27.41%
5 Year14.8%

ROE%

1 Year11.63%
3 Year12.18%
5 Year12.66%

ROCE %

1 Year12.33%
3 Year13.27%
5 Year13.62%

Debt/Equity

0.6418

Price to Cash Flow

35.49

Interest Cover Ratio

2.49106529209622

CFO/PAT (5 Yr. Avg.)

1.82819000193341

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 53.2 2.88
Dec 2023 55.64 3.01
Sep 2023 55.27 1.79
Jun 2023 55.57 2.19
Mar 2023 56.87 1.78
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 27.2123591537757% for the Past 3 years.
  • The company has shown a good revenue growth of 24.3734797171297% for the Past 3 years.
  • The company has significantly decreased its debt by 79.1802 Cr.
  • The company has an efficient Cash Conversion Cycle of 43.8895321420488 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.82819000193341.
  • The company has a high promoter holding of 53.2%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 443.88 552.9 520.25 603.49 518.19
Total Expenditure 424.51 524.74 504.3 582.21 493.27
Operating Profit 19.37 28.15 15.96 21.28 24.92
Other Income 0.4 0.14 0.27 0.69 0.44
Interest 5.77 6.12 5.31 7.3 6.33
Depreciation 2.8 4.8 2.11 2.41 3.13
Exceptional Items 0 0 0 0 0
Profit Before Tax 11.2 17.37 8.8 12.26 15.9
Tax 2.82 3.72 2.22 3.09 3.88
Profit After Tax 8.38 13.65 6.58 9.17 12.02
Adjusted EPS (Rs) 0.68 1.07 0.5 0.7 0.88

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1117.61 967.06 1026.49 1511.89 1860.55
Total Expenditure 1063.24 922.67 975.31 1437.8 1781.66
Operating Profit 54.37 44.39 51.17 74.09 78.89
Other Income 1.34 1.25 0.8 0.94 1.98
Interest 23.04 24.23 25.26 26.91 25.32
Depreciation 4.14 5.04 6.55 7.2 11.28
Exceptional Items 0 0 0 0 -6.52
Profit Before Tax 28.54 16.37 20.16 40.92 37.75
Tax 10.36 2.33 5.13 11.05 8.85
Net Profit 18.18 14.04 15.04 29.87 29.04
Adjusted EPS (Rs.) 1.7 1.28 1.34 2.43 2.26

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 10.7 10.93 11.21 12.27 12.78
Total Reserves 118.7 138.94 162.48 204.39 354.61
Borrowings 43.09 59.98 69.79 82.22 59.1
Other N/C liabilities 12.14 12.94 14.41 16.65 20.84
Current liabilities 210.98 239.9 195.41 266.87 297.14
Total Liabilities 395.61 462.69 453.3 582.41 744.48
Assets
Net Block 129.03 133.79 144.95 180.09 225.87
Capital WIP 2.18 21.47 29.44 28.08 33.93
Intangible WIP 0 0 0 0 0
Investments 3.48 3.48 3.49 3.49 5.19
Loans & Advances 8.3 10.21 15.87 16.9 24.44
Other N/C Assets 0 0 0 0 0
Current Assets 252.61 293.74 259.55 353.85 455.05
Total Assets 395.61 462.69 453.3 582.41 744.48
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 28.54 16.37 20.16 40.92 44.26
Adjustment 25.46 28.41 31.03 33.3 35.34
Changes in Assets & Liabilities 2.71 -37.19 27.53 -64.59 -12.02
Tax Paid -4.71 -4.4 -3.1 -2.75 -11.44
Operating Cash Flow 52.01 3.19 75.62 6.88 56.15
Investing Cash Flow -31.48 -31.26 -26.88 -41.35 -84.96
Financing Cash Flow -20.43 28.01 -48.87 34.6 29.6
Net Cash Flow 0.1 -0.06 -0.12 0.12 0.79

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 56.87 55.57 55.27 55.64 53.20
ajay kumar bansal 15.05 14.71 14.71 14.04 12.84
aks buildcon private limi... 4.32 4.22 4.22 6.22 5.68
alka goel - - - - 0.13
anish bansal 10.60 10.35 10.35 9.88 10.37
gaurav goyal huf - - - 1.04 0.95
hi-tech agrovision privat... 4.04 3.94 3.94 3.77 4.78
mannan goel - - - 0.15 0.13
mrinaal mittal - - - - 0.67
mukesh mittal 0.01 0.01 0.01 - 0.67
naresh aggarwal 0.78 0.76 0.46 - 0.67
parveen bansal 7.44 7.27 7.27 6.94 4.94
renu mittal - - - - 0.67
shweta bansal 2.16 2.11 2.11 2.01 1.84
vipul bansal 8.81 8.60 8.60 8.21 8.84
ajay kumar & sons 3.61 3.52 3.52 3.36 -
krishan mittal huf 0.06 0.06 0.06 - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 43.13 44.43 44.73 44.36 46.80
bandhan core equity fund - - - - 2.18
hsbc small cap fund - - - - 2.72
iti small cap fund - - - 1.63 1.46
motilal oswal equity oppo... 1.56 1.53 1.43 1.57 1.33
penang enterprises privat... - 2.44 2.44 2.33 2.05
motilal oswal business ad... - - - 1.09 -
expertpro realty private ... 1.68 1.64 1.53 - -
quant mutual fund - quant... 1.56 1.53 1.53 - -
samarth life sciences pri... 2.50 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Hi-Tech Pipes informs about compliance certificate11 Apr 2024, 11:38AM Hi- Tec Pipes informs about media release1 Apr 2024, 10:05AM Hi-Tech Pipes informs about trading window closure28 Mar 2024, 5:32PM Hi-Tech Pipes informs about press release18 Mar 2024, 5:02PM Hi-Tech Pipes commences commercial production at Sanand Unit-II Phase-118 Mar 2024, 3:00PM Hi-Tech Pipes informs about press release27 Feb 2024, 5:17PM Hi-Tech Pipes informs about disclosure 24 Jan 2024, 12:20PM Hi-Tech Pipes informs about press release22 Jan 2024, 12:47PM Hi-Tech Pipes informs about disclosure20 Jan 2024, 10:08AM Hi-Tech Pipes informs about disclosure18 Jan 2024, 10:00AM Hi-Tech Pipes informs about certificate15 Jan 2024, 12:49PM Hi-Tech Pipes reports 10% rise in Q3 consolidated net profit12 Jan 2024, 4:21PM Hi-Tech Pipes - Quaterly Results12 Jan 2024, 3:07PM Hi-Tech Pipes - Quaterly Results12 Jan 2024, 3:07PM Hi-Tech Pipes - Quaterly Results12 Jan 2024, 3:07PM Hi-Tech Pipes submits financial results28 Oct 2023, 3:40PM Hi-Tech Pipes - Quaterly Results28 Oct 2023, 12:36PM Hi-Tech Pipes - Quaterly Results28 Oct 2023, 12:36PM Hi-Tech Pipes - Quaterly Results28 Oct 2023, 12:36PM Hi-Tech Pipes - Quaterly Results11 Aug 2023, 2:13PM Hi-Tech Pipes - Quaterly Results11 Aug 2023, 2:13PM Hi-Tech Pipes informs about disclosure 4 Aug 2023, 12:30PM Hi-Tech Pipes informs about disclosure31 Jul 2023, 5:07PM Hi-Tech Pipes informs about press release31 May 2023, 2:18PM Hi-Tech Pipes - Quaterly Results27 May 2023, 2:34PM Hi-Tech Pipes informs about disclosures16 May 2023, 2:36PM Hi-Tech Pipes informs about disclosure 4 Apr 2023, 10:01AM Hi-Tech Pipes logs sales volume growth of 26% in Q4 FY233 Apr 2023, 10:52AM Hi-Tech Pipes informs about media release3 Apr 2023, 10:17AM Hi-Tech Pipes informs about change in management3 Mar 2023, 5:08PM Hi-Tech Pipes fixes record date for sub-division3 Mar 2023, 5:03PM Hi-Tech Pipes informs about corporate action3 Mar 2023, 3:14PM Hi-Tech Pipes informs about outcome of board meeting3 Mar 2023, 1:15PM Hi-Tech Pipes informs about outcome of committee meeting8 Feb 2023, 5:21PM Hi-Tech Pipes - Quaterly Results28 Jan 2023, 2:00PM Hi-Tech Pipes - Quaterly Results28 Jan 2023, 2:00PM Hi-Tech Pipes - Quaterly Results28 Jan 2023, 2:00PM Hi-Tech Pipes signs MoU with Govt of UP to set up new manufacturing facility9 Jan 2023, 9:10AM Hi-Tech Pipes informs about voting results of postal ballot and scrutinizers report28 Dec 2022, 4:31PM Hi-Tech Pipes - Quaterly Results14 Nov 2022, 1:51PM Hi-Tech Pipes - Quaterly Results14 Nov 2022, 1:51PM Hi-Tech Pipes informs about AGM 26 Aug 2022, 5:03PM Hi-Tech Pipes informs about newspaper publication23 Aug 2022, 4:37PM Hi-Tech Pipes informs about investor presentation10 Aug 2022, 4:20PM Hi-Tech Pipes - Quaterly Results10 Aug 2022, 1:36PM Hi-Tech Pipes - Quaterly Results10 Aug 2022, 1:36PM Hi-Tech Pipes informs about compliance certificate7 Jul 2022, 2:46PM Hi-Tech Pipes informs about credit rating25 Jun 2022, 4:31PM Hi-Tech Pipes informs about outcome of board meeting21 Jun 2022, 4:29PM Hi-Tech Pipes - Quaterly Results14 May 2022, 2:02PM

Hi-Tech Pipes Stock Price Analysis and Quick Research Report. Is Hi-Tech Pipes an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Hi-Tech Pipes has a PE ratio of 47.5845847656957 which is high and comparatively overvalued .

  • Share Price: - The current share price of Hi-Tech Pipes is Rs 131.5. One can use valuation calculators of ticker to know if Hi-Tech Pipes share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Hi-Tech Pipes has ROA of 4.35609293579074 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Hi-Tech Pipes has a Current ratio of 1.53141133872715 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Hi-Tech Pipes has a ROE of 11.6314735315466 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Hi-Tech Pipes has a D/E ratio of 0.6418 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Hi-Tech Pipes has an Inventory turnover ratio of 8.662391845233 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Hi-Tech Pipes has reported revenue growth of 23.0613302502136 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Hi-Tech Pipes for the current financial year is 4.23988582731527 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Hi-Tech Pipes is Rs 0.025 and the yield is 0.019 %.

Last Updated on:
Brief about Hi-Tech Pipes
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