HITECHIndustrials

Hi-Tech Pipes Limited

Iron & Steel Products · ISIN INE106T01025 · BSE 543411 · NSE EQ · FV ₹1
Last price
₹74
+0.52%today
What this company does

Hi-Tech Pipes Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹1,413 cr of revenue in its latest quarter (Q1 FY27) and kept 1.4% of sales as profit.

quality steel pipes and tubes that cater to a Hi-Tech Pipes Limited (Hi-Tech Pipes) is a leading diverse spectrum of industries—including name in the Indian piping industry, known for infrastructure, telecommunications, defense, its strength, scale, and steadfast commitment railways, airports, real estate, and automotive, to quality. Established in 1985, the Company has among others.
In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
37

At close. Not part of the score.

Profitability & returns34

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality28

Whether reported profit actually arrives as cash

Growth & consistency80

Whether sales and profit have grown, and how steadily

Valuation69

What today's price implies, against our models or its peers

Governance & risk76

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 79% vs last year
Promoters hold 43%
Watch-outs
! Thin 1.4% net margin
! 13.0% of promoter stake pledged
! Low 6.0% return on equity
! Operating cash flow is negative

What if I invest in HITECH?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹74 +0.52%
latest close · 2026-09-17
52-wk low ₹7242 sessions so far52-wk high ₹88
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio18.6Average
LowAverageHigh
P/B ratio1.12Moderate
Below bookModerateHigh
EV / EBITDA8.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.0%Weak
WeakFairStrong ▸15%
Return on capital11.5%Fair
WeakFairStrong
Net margin1.4%Thin
ThinDecentStrong
EBITDA margin3.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.20Comfortable
LowModerateHigh ▸1
Interest cover2.7×Okay
RiskyOkayStrong ▸5×
Current ratio2.17Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,498 cr
Book value
₹66
EPS
₹0.99
latest quarter
Net debt
₹246 cr
owes more than its cash
Enterprise value
₹1,744 cr
EBITDA
₹200 cr
annualised
EBIT
₹169 cr
annualised
Operating margin
3.0%
Return on assets
4.0%
Earnings yield
5.37%
P/S
0.27
Sales / share
₹278.2
Tax rate
24.3%
Face value
₹1
Shares
20.3 cr
Working capital
₹652 cr
Current assets
₹1,211 cr
Current liabilities
₹559 cr
Delivery %
51.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹16₹43, midpoint ₹29

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,413 cr
Other Income₹56.4 L
Total Income₹1,413 cr
Cost of Materials₹1,053 cr
Purchases of Stock-in-Trade₹280 cr
Inventory Change (±)₹-6 cr
Employee Benefit Expense₹9 cr
Finance Costs₹16 cr
Depreciation & Amortisation₹8 cr
Other Expenses₹26 cr
Total Expenses₹1,387 cr
Profit before Tax₹26 cr
Tax Expense₹6 cr
Net Profit₹20 cr
Net margin on total income1.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,328 cr93.9%
Employee benefit expense₹9 cr0.7%
Finance costs₹16 cr1.1%
Depreciation & amortisation₹8 cr0.6%
Other expenses₹26 cr1.9%
Tax expense₹6 cr0.5%
Profit for the period₹20 cr1.4%
Total income ₹1,413 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,070 cr1,480 cr1,413 cr
Total income1,070 cr1,481 cr1,413 cr
Expenses1,047 cr1,457 cr1,387 cr
Profit before tax23 cr23 cr26 cr
Tax6 cr6 cr6 cr
Net profit (owners' share)17 cr18 cr20 cr
Net margin (owners' share, on revenue)1.6%1.2%1.4%
EPS (₹)0.840.890.99
YoY (latest quarter): total income +78.4% · net profit -4.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,024 cr
Shareholder equity
₹1,333 cr
parent shareholders
Total debt
₹268 cr
Cash
₹22 cr
Cash flow · H1 FY26
Operating
₹-14 cr
Investing
₹-26 cr
Financing
₹61 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.03%
trailing 12 months
Dividend / share (TTM)
₹0.03
Last dividend
₹0.03
ex 19 Sep 2025
ActionDetailEx-date
Dividend₹0.03 / share19 Sep 2025
Dividend₹0.03 / share13 Sep 2024
Dividend₹0.03 / share22 Sep 2023
Stock splitStock Split From Rs.10/- to Rs.1/-17 Mar 2023
Dividend₹0.5 / share20 Sep 2022
Who owns it · 2026-06-30
13.0% pledged
Promoter
43.4%
FII / Foreign
1.1%
DII / Domestic
16.2%
Retail / others
39.1%
Promoter stake down 10.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtHI-TECH AGROVISION PRIVATE LIMITED · Promoter Group30.00 L · ₹7.5 cr7 Aug 26
BoughtAKS BUILDCON PRIVATE LIMITED · Promoter Group40.00 L · ₹10.0 cr7 Aug 26
BoughtVIPUL BANSAL · Promoter Group20.00 L · ₹5.0 cr7 Aug 26
Bulk / block deals
short · NSE9007 Jul 26
BoughtPRIME INDIA POLYMIX PRIVATE LIMITED · NSE11.46 L @ ₹79.396 Apr 26
SoldPRIME INDIA POLYMIX PRIVATE LIMITED · NSE2,000 @ ₹79.296 Apr 26
Stake changes
BoughtHi tech Agrovision Pvt Ltd · promoter→ 4.02%7 Aug 26
BoughtVipul Bansal · promoter→ 6.53%7 Aug 26
BoughtAks Buildcon Pvt Ltd · promoter→ 4.19%7 Aug 26
Promoter pledges
ReleasedIIFL Securities Ltd10.00 L · 0.49% held7 Nov 24
PledgedIn favour: IIFL Securities Limited10.00 L · 0.00% held1 Nov 23
ReleasedParveen Bansal2.96 L · 0.23% held27 Jul 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Sep 2025
See the official result
1
Adoption of Annual Standalone Audited Financial Statements (Along with Consolidated Financial Statements) of the Company for the financial year ended 31st March, 2025 together with the report(s) of the Board of Director’s and the Auditor’s thereon
Backed by 100% of shareholders other than promotersneeded 50%
2.53 cr votes for, 65 against · 0% of mutual funds and other big investors said no
2
To declare a Final Dividend of Rs. 0.025 (2.5%) per equity share of Re. 1/- each
Backed by 100% of shareholders other than promotersneeded 50%
2.52 cr votes for, 4,293 against · 0% of mutual funds and other big investors said no
3
To appoint Mr. Anish Bansal (DIN: 00670250), who liable to retires by rotation and being eligible, offers himself for re-appointment as a Whole-Time Director
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 50%
2.48 cr votes for, 4.26 L against · 2% of mutual funds and other big investors said no
4
To approve ratification of remuneration payable to M/s S. Shekhar & Co., Cost Accountants (FRN: 000452) Cost Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
2.52 cr votes for, 2,192 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 24 named members
owning 43.4% between them · as of 2026-06-30
AJAY KUMAR BANSAL10.57%
ANISH BANSAL7.71%
VIPUL BANSAL6.53%
AKS BUILDCON PRIVATE LIMITED4.19%
HI-TECH AGROVISION PRIVATE LIMITED4.02%
PARVEEN BANSAL3.65%
SHWETA BANSAL1.36%
GOVIND AGGARWAL0.74%
Business done with them
FY2025 · 2 of the group
The company paid ₹1 cr to companies in the promoter group last year — about 0.0% of its ₹3,068 cr revenue.
AJAY KUMAR BANSAL
Other payments to them · Remuneration
also owns 10.57% of the company
₹72 L
company paid
ANISH BANSAL
Other payments to them · Remuneration
also owns 7.71% of the company
₹60 L
company paid

The company also transacted with 7 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹501 cr raised in Oct 2024 by selling shares to large investors

As of Jun 2026, the company says it has spent 91% of what it set aside, leaving ₹44 cr still to be spent. CRISIL watches the spending on the exchange’s behalf.

Funding capital expenditure requirement for expansion of the existing manufacturing unit at Sanand, Gujarat and setting up a new manufacturing unit at Sri Citv (Chinnapandru), Andhra Pradesh
69%
₹96 cr of ₹140 cr
Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by our Company
100%
₹250 cr of ₹250 cr
General corporate purposes
originally ₹82 cr
budget changed
100%
₹83 cr of ₹83 cr
Spent by quarter: 74%77%82%88%3%91% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.