Hi-tech Pipes Limited
NSE: HITECH · Iron & Steel Products · sector
₹62.90NSE close 2026-10-26
Key numbers
Market cap₹1,278 cr
Price₹62.90
52w high / low₹118 / ₹63
P/E13.6xSector median 15.5x
P/B1.0xSector median 1.7x
Book value₹65.7
Dividend yield0.03%Sector median 0.60%
ROE5.8%Sector median 11.1%
ROCE9.7%Sector median 11.9%
OPM3.8%Sector median 6.7%
Debt / equity0.20xSector median 0.21x
EV/EBITDA8.0xSector median 11.8x
Interest cover2.8x
Current ratio2.17x
Sales growth 3y+20.8%Sector median +2.1%
Profit growth 3y+26.4%Sector median +13.0%
PEG0.39x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹87 cr vs borrowings ₹268 cr (FY26): borrowings are higher by ₹181 cr.
- Operating profit covered interest 2.8x in the last 12 months.
- 14.63% of the promoters' shares are pledged (6.4% of all shares).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹62.90 on 2026-10-26: -46.6% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹202.87 · low ₹62.90
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 706 | 761 | 734 | 791 | 859 | 1,070 | 1,480 | 1,413 |
| EBITDA | 42 | 40 | 35 | 41 | 44 | 42 | 46 | 49 |
| OPM % | 6.0% | 5.3% | 4.8% | 5.2% | 5.2% | 3.9% | 3.1% | 3.5% |
| Other income | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Net profit | 18 | 19 | 18 | 21 | 20 | 17 | 18 | 20 |
| EPS (₹) | 1.10 | 1.08 | 0.95 | 1.04 | 1.01 | 0.84 | 1.78 | 0.99 |
| Revenue YoY | +21.7% | +40.5% | +101.8% | +78.5% | ||||
| Profit YoY | +11.9% | -9.2% | -0.2% | -4.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,879 | 2,386 | 2,699 | 3,068 | 4,200 | 4,822 |
| EBITDA | 101 | 97 | 115 | 160 | 174 | 182 |
| Net profit | 40 | 38 | 44 | 73 | 76 | 75 |
| EPS (₹) | 33.77 | 3.06 | 3.30 | 3.98 | 7.54 | 4.62 |
| Revenue growth | +27.0% | +13.1% | +13.6% | +36.9% | +61.1% | |
| Profit growth | -6.6% | +16.6% | +66.1% | +4.4% | -0.7% | |
| Dividend / share (₹) | – | 0.50 | 0.03 | 0.03 | 0.03 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +20.7% | +25.7% | +61.1% |
| Net profit | +26.4% | +27.3% | -0.7% |
| EPS | +35.1% | -18.4% | – |
| Share price | – | -39.1% (2y) | -40.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 418 | 576 | 1,257 | 1,333 |
| Borrowings | – | 235 | 366 | 179 | 268 |
| Cash & equivalents | – | 21 | 26 | 183 | 87 |
| Total assets | – | 916 | 1,179 | 1,756 | 2,024 |
| Fixed assets | – | 287 | 354 | 392 | 616 |
| Capital work in progress | – | 36 | 62 | 194 | 103 |
| Investments | – | 2 | 3 | 4 | 5 |
| Receivables | – | 186 | 280 | 303 | 449 |
| Inventory | – | 307 | 347 | 384 | 566 |
| Payables | – | 174 | 157 | 250 | 368 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -1 | 134 | -95 | 70 | 3 |
| Cash from investing | -46 | -101 | -119 | -390 | -41 |
| Cash from financing | 47 | -32 | 214 | 354 | 23 |
| Capex | 0 | 69 | 109 | 190 | 152 |
| Free cash flow | -1 | 64 | -204 | -120 | -148 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.0% | 7.6% | 5.8% | 5.7% |
| ROCE % | – | 13.0% | 10.7% | 9.8% | 9.3% |
| Debtor days | – | 28 | 38 | 36 | 39 |
| Inventory days | – | 51 | 51 | 50 | 53 |
| Payable days | – | 29 | 23 | 33 | 34 |
| Cash conversion cycle (days) | – | 50 | 66 | 53 | 58 |
| Working capital days | – | 27 | 34 | 72 | 57 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 43.43% |
| FIIs | 1.12% |
| DIIs | 12.84% |
| of which Mutual funds | 9.65% |
| of which Insurance | 0.86% |
| Public (non-institutions) | 42.41% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 43.97% | 43.97% | 43.97% | 43.64% | 43.64% | 43.76% | 43.43% | 43.43% |
| Promoter group | % |
|---|---|
| Ajay Kumar Bansal | 10.57% |
| Anish Bansal | 7.71% |
| Vipul Bansal | 6.53% |
| AKS Buildcon Private Limited | 4.19% |
| Hi-tech Agrovision Private Limited | 4.02% |
| Parveen Bansal | 3.65% |
| Shweta Bansal | 1.36% |
| Saurabh Goyal & Sons HUF | 0.74% |
| Govind Aggarwal | 0.74% |
| Govind Aggarwal HUF | 0.69% |
| Naresh Aggarwal | 0.49% |
| Mukesh Mittal | 0.49% |
| Renu Mittal | 0.49% |
| Krishan Mittal HUF | 0.49% |
| Naresh Kumar HUF | 0.49% |
| Public holders above 1% | % |
|---|---|
| Bandhan Small CAP Fund | 9.38% |
| Penang Enterprises Private Limited | 1.51% |
| The Wealth Company Alternates Trust-bharat Value Fund | 1.33% |
1,02,835 shareholders. Pledged: 14.63% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| HITECH | ₹1,278 cr | 13.6x | 1.0x | 5.8% | 9.7% | 3.8% | +20.8% | 0.03% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-09-19 | Dividend | Dividend - Re 0.025 Per Share |
| 2024-09-13 | Dividend | Dividend - Rs 0.025 Per Share |
| 2023-09-22 | Dividend | Dividend - Rs 0.025 Per Share |
| 2023-03-17 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2022-09-20 | Dividend | Dividend - Rs 0.50 Per Share |
| 2022-09-20 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-17 | Dividend | Dividend - Rs 0.25 Per Share |
| 2019-09-17 | Dividend | Annual General Meeting/Dividend -Rs 0.25 Per Share |
| 2018-07-05 | Dividend | Annual General Meeting/Dividend- Re 0.25 Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Metal and Metal Products
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | HITECH |
| BSE code | 543411 |
| ISIN | INE106T01025 |
| Face value | ₹1.0 |
| Incorporated | 1985-01-02 |
| Website | www.hitechpipes.in |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.