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Hi-Tech Pipes Limited (HITECH.NS)

INR88.10 +1.18 (+1.36%)
IN NSE Basic Materials Steel
Address 505, Pearls Omaxe Tower 110034
New Delhi, IN
CEO Ajay Kumar Bansal
IPO 2016-02-25
ISIN INE106T01025

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HITECH.BO (INR) National Stock Exchange of India · HITECH.NS (INR)
Description

Hi-Tech Pipes Limited, headquartered in New Delhi, India, operates as a leading manufacturer and supplier of a comprehensive array of steel-based products. The company primarily serves a diverse range of critical sectors across India, including infrastructure development, construction, automotive, energy, agriculture, defense, engineering, and telecommunications. Its extensive product portfolio includes ERW black steel pipes and tubes, which are utilized for purposes such as fencing, utility lines, scaffolding, conveyance of water and gas, oil country tubular goods, hand pumps, mining operations, thermal power plants, telecom infrastructure, automotive components, and agricultural equipment. Hi-Tech Pipes also offers rectangular and hollow sections, alongside galvanized and pre-galvanized steel pipes and tubes. A significant offering comprises metal beam crash barriers, essential for safety applications on national highways, expressways, bridges, flyovers, embankments, mining sites, high-traffic urban areas, motor racing tracks, rural roads, crash test facilities, industrial premises, airport safety zones, facilities handling hazardous chemicals, and multi-story parking structures. Additionally, the company produces cold rolled sheets and strips, vital for manufacturing precision tubes, containers, bicycles, furniture, color-coated materials, galvanized and tinned products, and automotive body panels. Other specialized products include cold formed sections, solar panel mounting structures, and various other galvanized items. Hi-Tech Pipes maintains a robust distribution network comprising around 200 distributors and 300 dealers across India, and also actively exports its products internationally. Established in 1985, the company originally operated under the name Ram Lal Harbans Lal Limited before adopting its current identity, Hi-Tech Pipes Limited, in October 1986.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR88.10 +1.18 (+1.36%)
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Volume Profile
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Liquidity & share structure
Average Volume
908.7K
Beta
0.42
Float Shares
110.58M
Free Float %
54.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-9.00% +0.06% -6.04% -1.74% -14.18% -5.94% -9.37% +14.55% +113.77% +821.28% +1,372.79%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
88.10
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.23
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Steel: +1.2%
    +36.9% Q1'26: +101.8% (vs Q1'25)
  • EPS growth Steel: +17.4%
    -5.3% Q1'26: -10.1% (vs Q1'25)
  • FCF margin FCF growth · Steel: +44.2%
    -1.9% Q1'26: -5.9% (vs Q1'25)
  • EBIT margin Steel: +5.8%
    +3.5% Q1'26: +2.6% (vs Q1'25)
  • ROIC Steel: +4.3%
    +7.6% Q1'26: +8.1% (vs Q1'25)
  • Share dilution Steel: +0.0%
    +13.9% Q1'26: +11.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Steel: 0.57×
    1.38× Q1'26: 1.30× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.50) × ERP
WACC = 90% × Ke + 10% × Kd (23.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 88.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
12.08B
est: 13.60B (-11.2%)
13.39B
est: 15.72B (-14.8%)
18.77B
est: 18.79B (-0.1%)
23.86B
est: 23.86B (0.0%)
26.99B
est: 29.24B (-7.7%)
30.68B
est: 31.21B (-1.7%)
36.97B
36.46B – 37.48B
+18.5% YoY
45.17B
44.55B – 45.79B
+22.2% YoY
53.19B
51.85B – 54.53B
+17.8% YoY
EBITDA
577.40M
est: 648.88M (-11.0%)
675.65M
est: 749.96M (-9.9%)
977.34M
est: 896.25M (+9.0%)
989.57M
est: 1.14B (-13.0%)
1.13B
est: 1.30B (-13.6%)
1.62B
est: 1.39B (+16.4%)
1.65B
1.63B – 1.67B
+18.5% YoY
2.01B
1.99B – 2.04B
+22.2% YoY
2.37B
2.31B – 2.43B
+17.8% YoY
EBIT
511.68M
est: 568.09M (-9.9%)
592.42M
est: 656.58M (-9.8%)
880.71M
est: 784.66M (+12.2%)
851.85M
est: 996.38M (-14.5%)
970.85M
est: 1.17B (-16.8%)
1.41B
est: 1.24B (+13.3%)
1.47B
1.45B – 1.49B
+18.5% YoY
1.80B
1.78B – 1.83B
+22.2% YoY
2.12B
2.07B – 2.17B
+17.8% YoY
Net Income
203.88M
est: 453.89M (-55.1%)
228.03M
est: 608.15M (-62.5%)
403.26M
est: 583.32M (-30.9%)
376.82M
est: 620.56M (-39.3%)
439.31M
est: 783.40M (-43.9%)
729.49M
est: 861.94M (-15.4%)
794.60M
780.35M – 808.85M
-7.8% YoY
828.27M
813.42M – 843.12M
+4.2% YoY
1.07B
859.80M – 1.28B
+29.3% YoY
SGA
137.01M
est: 196.71M (-30.4%)
151.71M
est: 227.36M (-33.3%)
66.89M
est: 271.70M (-75.4%)
367.85M
est: 345.02M (+6.6%)
335.60M
est: 491.83M (-31.8%)
906.63M
est: 524.89M (+72.7%)
621.87M
613.30M – 630.45M
+18.5% YoY
759.79M
749.31M – 770.26M
+22.2% YoY
894.66M
872.11M – 917.22M
+17.8% YoY
EPS
1.88
est: 2.56 (-26.6%)
2.09
est: 3.43 (-39.1%)
3.38
est: 3.29 (+2.7%)
3.05
est: 3.50 (-12.9%)
3.25
est: 3.88 (-16.2%)
3.98
est: 4.27 (-6.7%)
3.93
3.86 – 4.00
-7.8% YoY
4.10
4.03 – 4.17
+4.2% YoY
5.30
4.26 – 6.34
+29.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 1/5 3/5 4/5 2/5 2/5 4/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-603.09M
OE per share TTM
-2.95
Owner's Yield
-3.52%
Maintenance CapEx ratio
238.31%
Maint CapEx / Avg PPE
15.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.79M
Shares Outstanding
202.71M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ajay Kumar Bansal Chairman & MD 14M male
Kamleshwar Prasad Whole-Time Director 12M male
Anish Kumar Bansal Whole-Time Director 12M male
Arvind Kumar Bansal Group Chief Financial Officer & Executive Director male
Nehal Shah Chief Strategy Officer male
Santosh Rai Head of Accounts & Finance male
Anand Amin Head of Projects male
Arun Kumar Sharma Company Secretary & Compliance Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits