What the business is, and whether it's a good one at a fair price.
Manufactures steel pipes and related flat products — MS pipes, hollow sections, GI and GPGC sheets, and CR coils and strips — sold mainly to infrastructure, construction, and engineering customers. Notable order wins include Varanasi, Jaipur and Khowai airports, Bharuch railway station, and solar parks at Khavda and Bikaner. The product mix is shifting toward value-added items, with management guiding the value-added share from 37% to 50% over the next one to two years. Raw materials, primarily hot-rolled coil, are the dominant cost at 74.2% of revenue, making steel spreads the principal swing factor; long-term HRC supply MOUs are in place with SAIL, ArcelorMittal, Tata, and NMDC. A 12% safeguard duty on steel imports imposed in December 2025 has been cited as stabilising domestic pricing, with EBITDA per ton guided at ₹4,000 from Q4 FY26 onwards. Capex of ₹500-600 cr is planned for the next phase of expansion, partly funded by a ₹501 cr QIP raised in October 2024.
Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from HI-TECH PIPES LIMITED's filed financials and exchange disclosures
HI-TECH PIPES LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol HITECH.
Yes. Over the trailing twelve months HI-TECH PIPES LIMITED reported a net profit of ₹75 Cr on revenue of ₹4,822 Cr.
Yes. The dividend yield is 0.03% at the current price. It paid out 1% of its profit as dividend in FY26.
No. Debt stands at 0.20× equity, and it carries net debt of ₹246 Cr. That is lower than 45% of its 114 Iron & Steel Products peers.
On trailing P/E, HI-TECH PIPES LIMITED ranks 62 of 118 in Iron & Steel Products — cheaper than 48% of them, against an industry median of 16.2×. This is a position, not a valuation judgement.
On a typical session HI-TECH PIPES LIMITED moves 1.46% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by HI-TECH PIPES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
