Hi-Tech Pipes Ltd. (IN:HITECH)
:HITECH
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Hi-Tech Pipes Ltd.
(HITECH)
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Rating:66Neutral
Price Target:
₹78.00
▼(-17.89% Downside)
Action:ReiteratedDate:02/04/26
The score is led by solid financial performance (growth, improving margins, and better balance sheet leverage), but is held back by negative free cash flow from heavy capex. Technicals further pressure the rating with a clear downtrend versus key moving averages and negative MACD, while valuation is supportive but not compelling.
Positive Factors
Revenue & Margin Improvement
Sustained revenue growth alongside rising net margin and stable EBIT/EBITDA indicates improving core profitability and operational leverage. Over 2-6 months this supports durable cash generation potential and pricing/efficiency gains that can withstand normal industry cycles.
Negative Factors
Negative Free Cash Flow
Persistent negative FCF from heavy capex creates a structural funding need and increases reliance on external financing or equity. Over 2-6 months this can pressure liquidity, limit discretionary investment, and raise refinancing or interest-cost risks if OCF improvements stall.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Improvement
Sustained revenue growth alongside rising net margin and stable EBIT/EBITDA indicates improving core profitability and operational leverage. Over 2-6 months this supports durable cash generation potential and pricing/efficiency gains that can withstand normal industry cycles.
Read all positive factors
Hi-Tech Pipes Ltd. (HITECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.48B
Dividend Yield0.03%
Average Volume (3M)333.05K
Price to Earnings (P/E)27.4
Beta (1Y)1.68
Revenue Growth9.05%
EPS Growth-4.65%
CountryIN
Employees525
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)1.05
Shares Outstanding203,107,730
10 Day Avg. Volume115,504
30 Day Avg. Volume333,048
Financial Highlights & Ratios
PEG Ratio1.14
Price to Book (P/B)1.48
Price to Sales (P/S)0.61
P/FCF Ratio-11.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.95
Revenue Forecast (FY)₹36.76B
Hi-Tech Pipes Ltd. Business Overview & Revenue Model
Company Description
Hi-Tech Pipes Limited manufactures and sells steel products for infrastructure, constructions, automobiles, energy, agriculture, defense, engineering, and telecom industries in India. It offers ERW black steel pipes and tubes used in fencing, line...
How the Company Makes Money
Hi-Tech Pipes Ltd. primarily makes money by manufacturing and selling steel pipes and tubes. Revenue is generated from (1) sales of finished steel tubular products (the core stream), typically priced based on steel input costs plus conversion marg...
Hi-Tech Pipes Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
75
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.45B | 30.68B | 26.99B | 23.86B | 18.77B | 13.39B |
| Gross Profit | 2.71B | 2.30B | 2.37B | 2.12B | 1.30B | 1.29B |
| EBITDA | 1.63B | 1.62B | 1.13B | 989.57M | 977.34M | 675.64M |
| Net Income | 779.61M | 729.49M | 439.31M | 376.81M | 403.26M | 228.03M |
Balance Sheet | ||||||
| Total Assets | 19.08B | 17.56B | 11.79B | 9.16B | 7.69B | 5.99B |
| Cash, Cash Equivalents and Short-Term Investments | 1.57B | 1.83B | 23.33M | 18.89M | 9.03M | 6.34M |
| Total Debt | 2.72B | 1.79B | 4.02B | 2.73B | 3.93B | 3.17B |
| Total Liabilities | 6.09B | 4.98B | 6.02B | 4.97B | 5.11B | 3.94B |
| Stockholders Equity | 12.99B | 12.57B | 5.76B | 4.18B | 2.59B | 2.05B |
Cash Flow | ||||||
| Free Cash Flow | -870.52M | -1.61B | -2.04B | 644.02M | -477.37M | 232.14M |
| Operating Cash Flow | -144.49M | 284.23M | -951.90M | 1.34B | -10.64M | 641.19M |
| Investing Cash Flow | -255.25M | -3.92B | -1.17B | -1.01B | -460.88M | -396.31M |
| Financing Cash Flow | 612.77M | 3.97B | 2.13B | 53.82M | 640.33M | -245.80M |
Hi-Tech Pipes Ltd. Technical Analysis
Neutral
94.99
Price Trends
81.72
Negative
90.46
Negative
95.71
Negative
Market Momentum
-2.54
Positive
44.60
Neutral
20.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HITECH, the sentiment is Neutral. The current price of 94.99 is above the 20-day moving average (MA) of 80.37, above the 50-day MA of 81.72, and below the 200-day MA of 95.71, indicating a bearish trend. The MACD of -2.54 indicates Positive momentum. The RSI at 44.60 is Neutral, neither overbought nor oversold. The STOCH value of 20.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HITECH.
Hi-Tech Pipes Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹33.42B | 20.71 | ― | 0.38% | 9.57% | 3.24% | |
66 Neutral | ₹15.48B | 27.40 | ― | 0.03% | 9.05% | -4.65% | |
66 Neutral | ₹9.55B | 25.01 | ― | 0.17% | 17.98% | -0.62% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹20.44B | 23.46 | ― | 0.08% | 17.45% | -7.82% | |
51 Neutral | ₹7.75B | 176.56 | ― | ― | 14.51% | -30.02% | |
43 Neutral | ₹681.52M | 18.23 | ― | ― | -36.62% | -37.94% |
* Basic Materials Sector Average
IN:HITECH
Hi-Tech Pipes Ltd.
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-28.06
-26.91%
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Hi-Tech Pipes Ltd. Corporate Events
Hi-Tech Pipes Hits 1 Million-Ton Capacity with New Sikandrabad Plant
Feb 9, 2026
Hi-Tech Pipes Limited has commenced commercial production at its new greenfield manufacturing facility at Sikandrabad Unit-III in Uttar Pradesh. The strategically located plant strengthens the company’s presence in North and Central India by...
Hi-Tech Pipes Posts Earnings Call Audio for December Quarter Results
Feb 7, 2026
Hi-Tech Pipes Limited has notified the stock exchanges that the audio recording of its investor earnings conference call, held on 7 February 2026 to discuss the company’s unaudited standalone and consolidated financial results for the quarte...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.