Hi-Tech Pipes
NSE: HITECH · Iron & Steel Products
Snapshot
Unlock Hi-Tech Pipes's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Hi-Tech Pipes Limited is an Indian manufacturer of steel products, including ERW black steel pipes, hollow sections, and galvanized tubes. The company serves diverse sectors such as infrastructure, construction, automobiles, energy, and telecommunications.
Business Model
The company generates revenue through the manufacturing and sale of steel pipes, tubes, and cold-rolled sheets, distributing products via a network of approximately 200 distributors and 300 dealers. It also engages in the export of its steel products to international markets.
- Distributor Network:200
- Dealer Network:300
Growth Outlook
Growth is driven by sustained demand from infrastructure development, national highway projects, and the expansion of solar mounting structure applications. The company continues to leverage its established distribution network to penetrate deeper into domestic and export markets.
Key Risks
- Raw Material Price Volatility. Fluctuations in the price of steel and other raw materials can significantly impact the company's operating margins.
- Cyclicality of Infrastructure Sector. The company's performance is highly dependent on the cyclical nature of the infrastructure and construction industries in India.
- Intense Market Competition. The steel pipe manufacturing industry is highly competitive, which may exert pressure on pricing and market share.
- Regulatory and Environmental Risks. Changes in environmental regulations or government policies regarding steel production and infrastructure spending could affect operations.
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Key Metrics
REVENUE
₹4,822 Cr
TTM · consolidated
NET PROFIT
₹75 Cr
TTM · consolidated
EPS
₹3.73
TTM · consolidated
RETURN ON EQUITY
5.8%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
11.2%
TTM · consolidated
P/E
20.3x
Q1 FY27 · consolidated
EV/EBITDA
9.7x
Q1 FY27 · consolidated
EBITDA MARGIN
3.8%
TTM · consolidated
NET PROFIT MARGIN
1.4%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.2x
Q1 FY27 · consolidated
Peers · Iron & Steel Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Hi-Tech PipesHITECH | ₹1,539 Cr | 20.31 | 9.69 | 61.1% | 3.8% | 5.8% | 11.2% | -17.1% |
Aeroflex Enterprises LimitedAEROENTER | ₹1,604 Cr | 10.65 | 5.58 | 27.4% | 37.9% | 22.8% | 27.1% | +63.0% |
Rajputana Stainless LimitedRSL | ₹1,517 Cr | — | — | — | 9.0% | — | — | — |
Steel Exchange India Ltd.STEELXIND | ₹1,446 Cr | 43.62 | 13.61 | -12.7% | 13.3% | 4.3% | 10.8% | +20.9% |
Manaksia Coated Metals & Industries LimitedMANAKCOAT | ₹1,289 Cr | 29.14 | 15.14 | 7.1% | 10.3% | 14.2% | 21.8% | -18.6% |
Electrotherm (India) LimitedELECTHERM | ₹1,250 Cr | -34.26 | 229.92 | -3.0% | 0.3% | 23.3% | -50.2% | +18.4% |
As of Q1 FY27
Financials
Hi-Tech Pipes
NSE: HITECH · Iron & Steel Products
Snapshot
Unlock Hi-Tech Pipes's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Hi-Tech Pipes Limited is an Indian manufacturer of steel products, including ERW black steel pipes, hollow sections, and galvanized tubes. The company serves diverse sectors such as infrastructure, construction, automobiles, energy, and telecommunications.
Business Model
The company generates revenue through the manufacturing and sale of steel pipes, tubes, and cold-rolled sheets, distributing products via a network of approximately 200 distributors and 300 dealers. It also engages in the export of its steel products to international markets.
- Distributor Network:200
- Dealer Network:300
Growth Outlook
Growth is driven by sustained demand from infrastructure development, national highway projects, and the expansion of solar mounting structure applications. The company continues to leverage its established distribution network to penetrate deeper into domestic and export markets.
Key Risks
- Raw Material Price Volatility. Fluctuations in the price of steel and other raw materials can significantly impact the company's operating margins.
- Cyclicality of Infrastructure Sector. The company's performance is highly dependent on the cyclical nature of the infrastructure and construction industries in India.
- Intense Market Competition. The steel pipe manufacturing industry is highly competitive, which may exert pressure on pricing and market share.
- Regulatory and Environmental Risks. Changes in environmental regulations or government policies regarding steel production and infrastructure spending could affect operations.
Start your research today
Unlock AI insights, financials, peers and live data on Hi-Tech Pipes and 5,000+ companies — free.
Key Metrics
REVENUE
₹4,822 Cr
TTM · consolidated
NET PROFIT
₹75 Cr
TTM · consolidated
EPS
₹3.73
TTM · consolidated
RETURN ON EQUITY
5.8%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
11.2%
TTM · consolidated
P/E
20.3x
Q1 FY27 · consolidated
EV/EBITDA
9.7x
Q1 FY27 · consolidated
EBITDA MARGIN
3.8%
TTM · consolidated
NET PROFIT MARGIN
1.4%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.2x
Q1 FY27 · consolidated
Peers · Iron & Steel Products
As of Q1 FY27