Hi-Tech Pipes Ltd. (HITECH) AI Stock Analysis

• Market Cap: ₹22.66B
• Dividend Yield: 0.02%
• Average Volume (3M): 333.05K
• Price to Earnings (P/E): 27.4
• Beta (1Y): 1.57
• Revenue Growth: 2.32%
• EPS Growth: 5.26%
• Country: IN
• Employees: 525
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 1.00
• Shares Outstanding: 203,107,730
• 10 Day Avg. Volume: 115,504
• 30 Day Avg. Volume: 333,048
• PEG Ratio: 1.14
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 0.61
• P/FCF Ratio: -11.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹111.00 ▲(4.32% Upside)

Hi-Tech Pipes Ltd. has a solid financial foundation with strong revenue growth and improving profitability, which is the most significant factor in its score. However, technical analysis indicates bearish momentum, which negatively impacts the stock's outlook. The valuation is fair but not compelling, with a moderate P/E ratio and low dividend yield. The absence of recent earnings call data and corporate events means these factors do not influence the score.

Hi-Tech Pipes Ltd. Business Overview & Revenue Model

Company Description

Hi-Tech Pipes Ltd. (HITECH) is a prominent manufacturer and supplier in the steel and pipe industry, specializing in the production of a wide range of steel pipes, tubes, and related products. The company serves various sectors, including construction, infrastructure, and manufacturing, by offering high-quality products that meet stringent industry standards. HITECH is known for its advanced manufacturing processes and commitment to sustainability, enabling it to provide durable and environmentally friendly solutions to its customers.

How the Company Makes Money

Hi-Tech Pipes Ltd. generates revenue primarily through the sale of its steel pipes and tubes, which are utilized in numerous applications across different industries. The company has established key revenue streams through direct sales to construction companies, distributors, and manufacturers, as well as long-term contracts with major clients in the infrastructure sector. Additionally, HITECH benefits from partnerships with construction firms and engineering companies, which often lead to bulk orders and repeat business. The company also explores opportunities in international markets, diversifying its revenue sources and enhancing its earnings potential.

Hi-Tech Pipes Ltd. Financial Statement Overview

Summary

Hi-Tech Pipes Ltd. presents a robust financial profile with strong revenue growth and improving profitability. The company has effectively managed its balance sheet, with reduced leverage and increased equity. However, cash flow management remains a challenge due to high capital expenditures, which affects Free Cash Flow. Overall, the company is on a positive growth trajectory, bolstered by efficient operations and financial management, but it needs to address cash flow sustainability to enhance financial stability.

Income Statement

Hi-Tech Pipes Ltd. demonstrates strong revenue growth with a consistent increase in Total Revenue from 2021 to 2025. The Gross Profit Margin for 2025 is approximately 7.5%, and the company has shown an improving Net Profit Margin at 2.4% in 2025, up from previous years. EBIT and EBITDA margins are stable, indicating efficient operational management. Continued revenue growth and improving profitability are positive signs.

Balance Sheet

The company has shown a strong increase in Stockholders' Equity, reaching ₹12.57 billion in 2025. The Debt-to-Equity Ratio has improved significantly from previous years, reflecting better leverage management. The Return on Equity is healthy at 5.8% for 2025, supported by rising net income. The Equity Ratio is strong, indicating a solid financial position, although total debt levels require careful monitoring.

Cash Flow

Operating Cash Flow has improved significantly in 2025, but Free Cash Flow remains negative due to high capital expenditures, indicating potential cash flow risks. However, the Free Cash Flow to Net Income Ratio has improved over time, and the company's ability to generate cash from operations is a positive indicator despite the need for continued investment.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	29.92B	30.68B	26.99B	23.86B	18.77B	13.39B
Gross Profit	2.69B	2.30B	2.37B	2.12B	1.30B	1.29B
EBITDA	1.61B	1.62B	1.13B	989.57M	1.01B	716.00M
Net Income	758.13M	729.49M	439.31M	376.81M	403.26M	228.03M
Balance Sheet
Total Assets	0.00	17.56B	11.79B	9.16B	7.69B	5.99B
Cash, Cash Equivalents and Short-Term Investments	1.83B	1.83B	23.33M	18.89M	9.03M	6.34M
Total Debt	0.00	1.79B	4.02B	2.73B	3.93B	3.17B
Total Liabilities	-12.57B	4.98B	6.02B	4.97B	5.11B	3.94B
Stockholders Equity	12.57B	12.57B	5.76B	4.18B	2.59B	2.05B
Cash Flow
Free Cash Flow	0.00	-1.61B	-2.04B	644.02M	-477.37M	232.14M
Operating Cash Flow	0.00	284.23M	-951.90M	1.34B	-10.64M	641.19M
Investing Cash Flow	0.00	-3.92B	-1.17B	-1.01B	-460.88M	-396.31M
Financing Cash Flow	0.00	3.97B	2.13B	53.82M	640.33M	-245.80M

Hi-Tech Pipes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 106.40
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HITECH, the sentiment is Negative. The current price of 106.4 is below the 20-day moving average (MA) of 114.63, below the 50-day MA of 108.94, and above the 200-day MA of 104.01, indicating a neutral trend. The MACD of -0.66 indicates Positive momentum. The RSI at 37.38 is Neutral, neither overbought nor oversold. The STOCH value of 19.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HITECH.

Hi-Tech Pipes Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOODLUCK	76 Outperform	₹40.84B	23.89	―	0.34%	11.91%	9.18%
VENUSPIPES	70 Outperform	₹25.99B	28.74	―	0.04%	15.31%	-6.80%
HARIOMPIPE	65 Neutral	₹13.84B	20.41	―	0.14%	17.40%	6.49%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HITECH	61 Neutral	₹22.66B	27.35	―	0.02%	2.32%	5.26%
RAMASTEEL	56 Neutral	₹15.80B	72.58	―	―	15.67%	-26.43%
ZENITHSTL	51 Neutral	₹1.21B	39.03	―	―	-24.55%	―

Hi-Tech Pipes Ltd. Corporate Events

Hi-Tech Pipes Achieves Record Sales Volumes in FY26

Hi-Tech Pipes Limited announced record-breaking sales volumes for the second quarter and first half of the financial year 2025-26. The company achieved a sales volume of 125,218 MT in Q2 FY26 and 249,245 MT in H1 FY26, demonstrating resilience despite challenges such as an extended monsoon season. This achievement highlights the strength of Hi-Tech Pipes’ market presence and business model. With ongoing capacity expansion projects nearing completion, the company is poised for continued growth, which could enhance its industry positioning and benefit stakeholders.

Hi-Tech Pipes Appoints New Chief Strategy Officer

Hi-Tech Pipes Limited has announced the appointment of Mr. Nehal Shah as the Chief Strategy Officer (CSO), effective September 22, 2025. Mr. Shah, a seasoned professional with over two decades of experience in equity research, corporate strategy, and industry analysis, particularly in the building materials sector, will be joining the company. His previous roles in organizations like Kajaria Ceramics, Century Plyboards, and ICICI Securities have equipped him with significant expertise in business growth, market positioning, and long-term value creation. This strategic appointment is expected to enhance Hi-Tech Pipes’ market positioning and contribute to its long-term growth and value creation.

Hi-Tech Pipes Appoints Nehal Shah as Chief Strategy Officer

Hi-Tech Pipes Limited has appointed Mr. Nehal Shah as the Chief Strategy Officer, a newly created leadership position aimed at enhancing the company’s strategic planning and business expansion capabilities. Mr. Shah’s extensive experience in equity research, corporate strategy, and industry analysis, particularly in the building materials sector, is expected to drive Hi-Tech Pipes’ growth, strengthen its market positioning, and create long-term value for stakeholders.

Hi-Tech Pipes Ltd. Announces Q1 2025 Financial Results

Hi-Tech Pipes Ltd. has released its unaudited financial results for the quarter ending June 30, 2025, showing a total income from operations of 79,136.04 lakhs and a net profit after tax of 1,805.29 lakhs. This financial disclosure highlights the company’s ongoing performance and may influence investor perceptions and market positioning.