Hi-Tech Pipes Limited

NSE: HITECH · Unclassified

₹77.61+0.17%06 Nov 2026

Ask the data

Instant answers about Hi-Tech Pipes Limited — computed from its filings, no language model

Market cap₹1,576 cr

Current price₹77.61

High / Low₹115 / ₹63

P/E19.2

P/B1.12

Book value₹69.1

ROE5.9%

ROCE9.6%

Debt / equity0.23

Dividend yield0.03%

EPS (TTM)₹4.05

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,210	1,341	1,879	2,386	2,699	3,068	4,200
EBITDA	59	71	101	103	115	160	174
Operating margin	4.9%	5.3%	5.4%	4.3%	4.3%	5.2%	4.1%
Interest	30	32	36	35	42	43	48
Depreciation	7	8	10	14	15	21	27
Profit before tax	24	31	55	50	59	98	101
Tax	3	8	15	12	15	25	25
Net profit	0	0	0	0	44	73	76
EPS ₹	18.85	20.85	33.77	3.06	3.30	3.98	7.54
Operating cash flow	—	—	-1	134	-95	70	3
Capex	—	—	0	69	109	190	152
Dividend paid	—	—	0	1	0	0	0
Total assets	—	—	—	916	1,179	1,756	2,024
Equity	—	—	—	418	576	1,257	1,333

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	SEP '18	DEC '18	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	339	319	275	311	300	152	382	416	392	383	461	440	595	516	599	569	702	642	746	630	681	867	706	761	734	791	859	1,070	1,480	1,413	1,466
Operating profit	19	18	11	15	14	9	19	23	19	21	24	25	30	18	24	28	34	21	27	32	35	43	42	40	35	41	44	42	46	49	57
Operating margin	5.5%	5.7%	4.0%	4.9%	4.8%	6.0%	5.0%	5.6%	4.9%	5.6%	5.3%	5.7%	5.0%	3.5%	3.9%	4.9%	4.8%	3.3%	3.6%	5.0%	5.2%	4.9%	6.0%	5.3%	4.8%	5.2%	5.2%	3.9%	3.1%	3.5%	3.9%
Other income	0	0	0	0	1	0	0	0	0	0	0	0	1	1	1	1	0	0	1	0	-0	1	1	0	0	1	1	0	0	1	1
Interest	8	8	8	7	9	7	8	9	9	7	8	9	12	10	10	8	8	8	10	9	14	14	14	9	7	8	12	12	16	16	13
Depreciation	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2	4	5	3	3	4	6	5	5	6	4	6	7	7	8	8	9
Profit before tax	10	9	2	6	5	1	9	13	9	12	14	14	16	6	6	17	21	11	14	19	15	24	24	26	24	28	27	23	23	26	36
Tax	3	3	-2	2	1	0	3	3	2	3	4	4	5	2	1	4	5	3	4	5	4	6	6	6	6	7	7	6	6	6	9
Net profit	7	6	0	0	0	0	0	0	0	0	0	0	0	0	0	13	0	0	11	0	11	18	0	0	18	21	0	17	18	20	27
EPS ₹	6.19	5.65	4.18	4.30	3.85	0.48	5.95	8.48	5.95	7.82	8.41	8.33	9.15	3.65	3.54	10.61	1.29	0.61	0.81	1.09	0.84	1.16	1.10	1.08	0.95	1.04	1.01	0.84	1.78	0.99	1.34
Revenue YoY	—	—	-18.9%	-2.5%	—	—	38.6%	33.7%	30.6%	152.3%	20.8%	5.9%	51.9%	34.7%	29.9%	29.4%	18.0%	24.4%	24.6%	10.7%	-3.0%	35.0%	-5.4%	20.8%	7.7%	-8.7%	21.7%	40.5%	101.8%	78.5%	70.7%
Profit YoY	—	—	-100.0%	-100.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-100.0%	—	—	-100.0%	—	58.4%	15.9%	—	—	-0.2%	-4.2%	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	0.0%	4.9%	3.1%	3.1%	5.2%	2.3%	3.8%	6.9%	3.9%	3.9%	2.8%	3.1%	3.0%	4.3%	4.2%	4.1%	5.9%
ROCE	—	—	—	—	—	—	—	—	—	14.0%	14.3%	13.0%	13.5%	12.8%	13.2%	10.7%	12.7%	12.4%	13.0%	9.8%	9.7%	8.9%	9.0%	9.3%	9.7%	9.6%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.6%	0.5%	0.5%	0.9%	0.4%	0.8%	1.4%	1.0%	1.0%	1.2%	1.3%	1.2%	1.6%	1.3%	1.1%	1.5%
EBITDA margin	4.8%	5.1%	5.3%	5.3%	5.3%	5.3%	5.4%	5.4%	4.8%	4.5%	4.4%	4.3%	4.2%	4.1%	4.2%	4.3%	4.7%	5.3%	5.3%	5.2%	5.3%	5.1%	4.7%	4.1%	3.8%	3.6%
Debt / equity	—	—	—	—	—	—	—	—	—	1.21	1.21	0.56	0.56	0.67	0.67	0.63	0.63	0.44	0.44	0.14	0.14	0.21	0.21	0.20	0.20	0.23
Interest coverage	1.46	1.68	1.85	1.96	2.29	2.43	2.46	2.52	2.26	2.02	2.14	2.41	2.64	2.85	2.81	2.40	2.50	2.61	2.75	3.28	3.77	4.00	3.66	3.13	2.80	2.93
Asset turnover	—	—	—	—	—	—	—	—	—	2.79	2.96	2.61	2.74	2.67	2.74	2.29	2.48	2.04	2.13	1.75	1.70	1.65	1.81	2.08	2.38	2.13

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	12	13	13	15	18	20	20	20	20
Other equity / reserves	255	405	439	561	731	1,237	1,278	1,313	1,383
Total equity	267	418	452	576	749	1,257	1,299	1,333	1,403
Borrowings	322	235	305	366	327	179	272	268	319
Current liabilities	362	378	417	466	551	438	544	559	916
Non-current liabilities	141	120	125	137	113	60	65	131	230
Total assets	770	916	994	1,179	1,413	1,756	1,908	2,024	2,550
Property, plant & equipment	236	287	284	354	349	392	394	616	614
Capital work-in-progress	53	36	72	62	94	194	252	103	201
Investments	0	2	3	3	4	4	9	5	5
Inventories	216	307	247	347	416	384	422	566	676
Receivables	196	186	298	280	351	303	369	449	580
Cash & equivalents	2	2	2	2	4	36	57	22	12

Cash flow

annual · ₹ crore · line = free cash flow

	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
Dividends paid	0	1	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹614 cr24%

CWIP

₹201 cr8%

Investments

₹5 cr0%

Inventories

₹676 cr27%

Receivables

₹580 cr23%

Cash & equivalents

₹12 cr0%

Other assets

₹461 cr18%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Hi-Tech Pipes Limited	1,576	77.61	19.2	1.12	5.9%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+5.0%

6 months-15.5%

1 year-32.6%

3Y CAGR-9.0%

5Y CAGR+4.5%

10Y CAGR+17.7%

50-day avg₹73.26

200-day avg₹81.86

RSI (14)64

FAQs

What is the share price of Hi-Tech Pipes Limited?

Hi-Tech Pipes Limited (HITECH) closed at ₹77.61 on NSE on 06 Nov 2026.

What is the market cap of Hi-Tech Pipes Limited?

₹1,576 crore at the latest close.

What is the P/E ratio of Hi-Tech Pipes Limited?

19.2, on trailing-twelve-month earnings from its filings.

How fast is Hi-Tech Pipes Limited growing?

Hi-Tech Pipes Limited: revenue has compounded at 20.7% a year over three years. Latest-quarter revenue is up 70.7% year on year.

How profitable is Hi-Tech Pipes Limited?

On a trailing-twelve-month basis return on equity is 5.9%, return on capital employed 9.6%, operating margin 3.6%, net margin 1.5%.

How much debt does Hi-Tech Pipes Limited have?

Hi-Tech Pipes Limited is lightly geared: debt to equity is 0.23 with borrowings of ₹319 cr against cash of ₹12 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.9 times.

Financials parsed from Hi-Tech Pipes Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.