Hi-Tech Pipes Limited

Hi-Tech Pipes Limited (HITECH) is a micro-cap Capital Goods company valued at ₹1,438 crore operating in Iron & Steel Products on the NSE and BSE.

Recent price move

Hi-Tech Pipes Limited last traded at ₹70.79, modestly up 0.30% on the day.

Financial performance

The company's business has grown significantly, with annual revenue rising 36.9% to ₹4,200 crore. However, the latest quarter showed revenue surged 78.6% to ₹1,413 crore, while net profit fell 4.6% to ₹20 crore compared to the same quarter a year earlier. The net profit margin narrowed to 1.8% from 2.4% in the prior year, and return on equity remained at 5.7%.

Valuation multiples

The stock trades at 19.6 times earnings, 1.18 times book value. It yields 0.0%.

Things to watch

The company's net profit margin has narrowed by 0.6 percentage points to 1.8%, and the latest quarter's net profit fell 4.6% compared to the same quarter a year earlier. Promoter holding decreased by 0.33 percentage points to 43.43%, and promoter shares pledged account for 13.00% of promoter holding.

Where it stands

The company's revenue has grown strongly, with a 36.9% annual increase and a 78.6% rise in the latest quarter. However, net profit margin has narrowed, and the latest quarter's net profit fell 4.6% compared to the same quarter a year earlier. The stock is 42.3% below its 52-week high.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.