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

• Market Cap: ₹17.80B
• Dividend Yield: 0.03%
• Average Volume (3M): 110.57K
• Price to Earnings (P/E): 21.1
• Beta (1Y): 1.52
• Revenue Growth: 2.32%
• EPS Growth: 7.37%
• Country: IN
• Employees: 525
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Steel
• EPS (TTM): 1.00
• Shares Outstanding: 203,107,730
• 10 Day Avg. Volume: 140,205
• 30 Day Avg. Volume: 110,574
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹104.00
• Price Target Upside: 18.51% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: ₹104.00 ▲(18.51% Upside)

Hi-Tech Pipes Ltd. demonstrates strong financial performance with increasing revenue and profitability, which are the most significant factors in its score. However, technical analysis reveals bearish trends, and cash flow challenges persist due to high capital expenditures. Valuation metrics suggest the stock is fairly valued, providing moderate attractiveness to investors.

Hi-Tech Pipes Ltd. Business Overview & Revenue Model

Company Description

Hi-Tech Pipes Ltd. (HITECH) is a leading manufacturer and supplier in the steel pipe industry, primarily operating in sectors such as infrastructure, construction, and engineering. The company is known for producing a wide range of steel products, including steel pipes, hollow sections, tubes, cold rolled coils, and strips. HITECH is committed to delivering high-quality, durable, and cost-effective solutions to meet the diverse needs of its clients across various industries.

How the Company Makes Money

Hi-Tech Pipes Ltd. makes money primarily through the production and sale of steel pipes and related products. The company's revenue model is centered around manufacturing these products at scale and selling them to a diverse client base in sectors like construction, infrastructure, and engineering. Key revenue streams include the sale of steel pipes, hollow sections, and cold rolled products. The company also benefits from strategic partnerships and contracts with major construction firms and infrastructure projects, which contribute significantly to its earnings. Additionally, HITECH may leverage economies of scale in its manufacturing processes to optimize costs and improve margins.

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.

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	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	30.15B	30.68B	26.99B	18.77B	23.86B	13.39B
Gross Profit	2.71B	2.30B	2.37B	1.78B	2.12B	1.29B
EBITDA	1.62B	1.62B	1.13B	1.01B	989.57M	716.00M
Net Income	664.37M	729.49M	439.31M	403.26M	376.81M	228.03M
Balance Sheet
Total Assets	0.00	17.56B	11.79B	7.69B	9.16B	5.99B
Cash, Cash Equivalents and Short-Term Investments	344.77M	1.83B	23.33M	9.03M	211.66M	6.34M
Total Debt	0.00	1.79B	4.02B	3.93B	2.35B	3.17B
Total Liabilities	-7.49B	4.98B	6.02B	5.11B	4.97B	3.94B
Stockholders Equity	7.49B	12.57B	5.76B	2.59B	4.18B	2.05B
Cash Flow
Free Cash Flow	0.00	-1.61B	-2.04B	-477.37M	644.02M	232.14M
Operating Cash Flow	0.00	284.23M	-951.90M	-10.64M	1.34B	641.19M
Investing Cash Flow	0.00	-3.92B	-1.17B	-460.88M	-1.01B	-396.31M
Financing Cash Flow	0.00	3.97B	2.13B	474.22M	-322.08M	-245.80M

Hi-Tech Pipes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 87.76
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 87.76 is below the 20-day moving average (MA) of 91.38, below the 50-day MA of 96.31, and below the 200-day MA of 120.89, indicating a bearish trend. The MACD of -2.42 indicates Positive momentum. The RSI at 36.78 is Neutral, neither overbought nor oversold. The STOCH value of 15.02 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
HARIOMPIPE	72 Outperform	₹15.45B	22.69		0.14%	17.68%	-2.33%
VENUSPIPES	69 Neutral	₹26.40B	29.15		0.07%	19.49%	7.84%
HITECH	65 Neutral	₹17.80B	21.07		0.03%	2.32%	7.37%
GOODLUCK	65 Neutral	₹32.23B	18.71		0.59%	11.91%	10.03%
Sector *	58 Neutral	HK$18.06B	5.29	-7.29%	3.72%	-4.08%	-48.58%
RAMASTEEL	57 Neutral	₹16.81B	77.89		―	15.67%	-28.54%
ZENITHSTL	47 Neutral	₹1.15B	―		―	―	―