HITECH
Hi-Tech Pipes Limited (HITECH) Stock Analysis
Hi-Tech Pipes Limited manufactures steel pipes and tubes for infrastructure, agriculture, and industrial applications. Its ERW and related products are used in water, structural, and utility projects. The company supplies dealers, contractors, and project buyers across India. It is a listed Indian pipe manufacturer.
Basic Materials › Steel
₹71.40
-4.57% 1W | -38.20% 52W
Market Cap
1.4k CR
P/E Ratio
19.2
52W High
₹123.8
52W Low
₹69.9
Div. Yield
0.03%
Beta
0.8
50 DMA
₹79.4
200 DMA
₹83.9
Profit Margin
1.6%
Inst. Own.
13.9%
⚡ APPROACHING SUPPORT
🔥 APPROACHING RESISTANCE
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 642 | 746 | 630 | 681 | 867 | 706 | 761 | 734 | 791 | 859 | 1,070 | 1,480 | 1,413 |
| Expenses | 621 | 719 | 599 | 646 | 824 | 664 | 721 | 699 | 750 | 814 | 1,028 | 1,434 | 1,363 |
| Operating Profit | 21 | 27 | 32 | 35 | 43 | 42 | 40 | 35 | 41 | 44 | 42 | 46 | 49 |
| OPM % | 3.3% | 3.6% | 5% | 5% | 4.9% | 6% | 5% | 4.8% | 5% | 5% | 3.9% | 3.1% | 3.5% |
| Other Income | 0 | 1 | 0 | -0 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Interest | 8 | 10 | 9 | 14 | 14 | 14 | 9 | 7 | 8 | 12 | 12 | 16 | 16 |
| Depreciation | 3 | 3 | 4 | 6 | 5 | 5 | 6 | 4 | 6 | 7 | 7 | 8 | 8 |
| Profit before tax | 11 | 14 | 19 | 15 | 24 | 24 | 26 | 24 | 28 | 27 | 23 | 23 | 26 |
| Tax % | 26% | 25% | 25% | 25% | 25% | 26% | 25% | 27% | 25% | 25% | 25% | 24% | 24% |
| Net Profit | 8 | 11 | 14 | 11 | 18 | 18 | 19 | 18 | 21 | 20 | 17 | 18 | 20 |
| EPS in Rs | 0.61 | 0.80 | 1.05 | 0.74 | 1.14 | 1.03 | 0.94 | 0.87 | 1.03 | 1.00 | 0.86 | 0.87 | 0.99 |
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 504 | 637 | 1,016 | 1,360 | 1,210 | 1,341 | 1,879 | 2,386 | 2,699 | 3,068 | 4,200 | 4,822 |
| Expenses | 472 | 598 | 956 | 1,286 | 1,150 | 1,270 | 1,778 | 2,283 | 2,584 | 2,908 | 4,027 | 4,640 |
| Operating Profit | 32 | 40 | 60 | 75 | 59 | 71 | 101 | 103 | 115 | 160 | 174 | 182 |
| OPM % | 6% | 6% | 6% | 6% | 4.9% | 5% | 5% | 4.3% | 4.2% | 5% | 4.1% | 3.8% |
| Other Income | 1 | 2 | 1 | 1 | 1 | 1 | 1 | -4 | 1 | 2 | 3 | 2 |
| Interest | 17 | 20 | 27 | 30 | 30 | 32 | 36 | 35 | 42 | 43 | 48 | 55 |
| Depreciation | 6 | 7 | 4 | 5 | 7 | 8 | 10 | 14 | 15 | 21 | 27 | 29 |
| Profit before tax | 10 | 15 | 30 | 41 | 24 | 31 | 55 | 50 | 59 | 98 | 101 | 100 |
| Tax % | 35% | 30% | 30% | 33% | 15% | 26% | 27% | 24% | 25% | 26% | 25% | |
| Net Profit | 6 | 10 | 21 | 27 | 20 | 23 | 40 | 38 | 44 | 73 | 76 | 75 |
| EPS in Rs | 0.63 | 1.01 | 2.04 | 2.56 | 1.87 | 2.03 | 3.29 | 2.95 | 2.93 | 3.59 | 3.75 | 3.72 |
| Dividend Payout % | 8% | 2% | 1% | 1% | 1% | 0% | 2% | 1% | 1% | 1% | 0% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 21.0% | 26.0% | 24.0% |
| Profit CAGR | 21.0% | 27.0% | 28.0% |
Shareholding Pattern
Promoters43.97%
FIIs1.70%
DIIs16.08%
Public38.09%
Promoters43.63%
FIIs2.39%
DIIs14.51%
Public39.28%
Promoters43.63%
FIIs1.41%
DIIs15.87%
Public38.90%
Promoters43.76%
FIIs0.81%
DIIs16.27%
Public38.97%
Promoters43.43%
FIIs1.06%
DIIs16.17%
Public39.14%
Promoters56.87%
FIIs1.06%
DIIs5.08%
Public36.97%
Promoters53.19%
FIIs0.38%
DIIs11.44%
Public34.97%
Promoters43.97%
FIIs8.96%
DIIs16.40%
Public30.52%
Promoters43.76%
FIIs0.81%
DIIs16.27%
Public38.97%
Promoters43.43%
FIIs1.06%
DIIs16.17%
Public39.14%
HITECH
Holdings Analysis
Key strengths & risk signals
61
Overall
75
Fundamental
47
Technical
Risks (4)
LOW MARGIN! 1.6% profit margin - thin profits.
POOR YEAR! Stock declined 38.2% in the last year.
WEAK POSITION! Current price (71.4) is below both moving averages.
WEAK! Trading at 2.8% of 52W range - near yearly lows.
Strengths (4)
UNDERVALUED! PEG of 0.73 indicates stock is cheap relative to growth.
APPROACHING OVERSOLD! RSI at 34.0 - watch for reversal.
BELOW MARKET! Beta of 0.80 - slightly less volatile than market.
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 733,069 vs down days: 718,762. Ratio: 1.02x
Fundamental & Technical Analysis
61Overall
75Fundamental
47Technical
Fundamental Breakdown
Growth Quality
30/30
Revenue CAGR: 21.6% (EXCELLENT, 15/15). Profit CAGR: 26.4% (EXCELLENT, 15/15).
Profit Margin
2/10
LOW MARGIN! 1.6% profit margin - thin profits.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.73 indicates stock is cheap relative to growth.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.03% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
10/20
SIGNIFICANT PUBLIC HOLDING! 38.65% public ownership - moderate retail influence.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (79.4) is below 200-day average (83.9) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (71.4) is below both moving averages.
Trend Pattern
10/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
0/10
POOR YEAR! Stock declined 38.2% in the last year.
Volume Sentiment
20/30
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 733,069 vs down days: 718,762. Ratio: 1.02x
RSI
4/5
APPROACHING OVERSOLD! RSI at 34.0 - watch for reversal.
52W Range
1/5
WEAK! Trading at 2.8% of 52W range - near yearly lows.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 4.6% (1 week), 10.4% (1 month), 20.1% (3 months).
Beta
4/5
BELOW MARKET! Beta of 0.80 - slightly less volatile than market.
HITECH
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-06-03 | Concall PDF | |
| Q3FY262026-02-12 | Concall PDF | |
| Q2FY262025-11-20 | Concall PDF |
Peer Comparison
Basic Materials · Steel · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HITECH | ₹71.40 | 19.2 | 1.6% | 21.6% | 26.4% | -38.2% | 61 | APPROACHING SUPPORT | -4.3% | +13.6% | +78.5% | -4.6% |
| STEELXIND | ₹11.20 | 44.9 | 3.1% | -8.7% | – | +9.0% | 54 | APPROACHING RESISTANCE | +47.1% | +21.0% | -10.1% | -6.1% |
| SALSTEEL | ₹98.90 | 75.5 | 7.4% | -25.2% | – | +239.8% | 52 | CONSOLIDATING UP | -132.0% | -410.0% | -31.5% | +634.5% |
| AEROENTER | ₹121.90 | 9.2 | 16.4% | 13.7% | 14.5% | +34.5% | 68 | BOUNCE FROM SUPPORT | +847.1% | +302.5% | +40.5% | -5.3% |
| RHETAN | ₹16.60 | 104 | 54.1% | -34.3% | 23.9% | -20.8% | 59 | BOUNCE FROM SUPPORT | +300.0% | +45.5% | -18.0% | -51.8% |
| MWL | ₹43.10 | 24.6 | 4.2% | 23.3% | 42.8% | +88.2% | 80 | CONSOLIDATION | +17.8% | -22.7% | +14.7% | +19.3% |
| RSL | ₹174.40 | 24.8 | 5.4% | 2.0% | 27.5% | +46.4% | 71 | BREAKDOWN | +80.4% | +54.2% | +32.4% | +20.2% |
| KAMDHENU | ₹37.60 | 12.6 | 11.0% | 1.4% | 24.1% | +34.3% | 67 | BREAKDOWN | +34.1% | +64.9% | +9.0% | +2.8% |
Data from TradeAlone · Updated daily
