HITECH · Hi-Tech Pipes Ltd · Iron & Steel
HITECH · Hi-Tech Pipes Ltd · Iron & Steel
As of 05 Nov close
52-week range
33.1% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹1,413 Cr
Revenue YoY
PAT YoY
-4.2%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.1
P/S (TTM)
0.3
Sector P/E
17.3
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| HITECH (this stock) | 23.7 | 1.1 | +1.6% | +5.7% | 0.2 | 0.0% |
| JSW Steel | 12.1 | 3.1 | +13.1% | +24.8% | 1.19 | +0.6% |
| Lloyds Metals And Energy | 27.8 | 7.6 | +22.4% | +36.2% | 101.71 | +0.1% |
| Jindal Steel | 39.9 | 2.3 | +4.8% | +5.3% | 0.44 | +0.2% |
Promoter
falling 1q
FII
rising 1q
MF
12.06% (+0.04pp)
stable
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 07 Aug 2026 | VIPUL BANSAL | BUY | 20,00,000 | ₹5 Cr |
| 07 Aug 2026 | AKS BUILDCON PRIVATE LIMITED | BUY | 40,00,000 | ₹10 Cr |
| 07 Aug 2026 | HI-TECH AGROVISION PRIVATE LIMITED | BUY | 30,00,000 | ₹7.5 Cr |
| 30 Jun 2026 | Gaurav Goyal HUF | SELL | 6,62,249 | ₹5.87 Cr |
| 30 Jun 2026 | Gaurav Goyal HUF | SELL | 6,62,249 | ₹5.87 Cr |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: During the earnings conference call held on August 13, 2026, management reported that Hi-Tech Pipes Limited started FY27 with strong growth in volumes, revenue, and EBITDA despite challenges from the Iran war. The company achieved sales volume of 156,136 metric tons in Q1 FY27, a 26% increase year-on-year, and reported revenue of INR 1,413 crores, up 79% from the previous year. Profit after tax was INR 20 crores, slightly down from INR 20.92 crores in Q1 FY26. Management highlighted ongoing expansion initiatives, aiming for a capacity of 2 million tons by FY29, with significant projects progressing as planned. The company also noted strong demand in the infrastructure and construction sectors and expressed optimism about future growth opportunities, particularly in the solar and data center segments. The call concluded with management thanking stakeholders for their support.
Management emphasized strong growth and ongoing expansion initiatives.
Sourced from an exchange-filed transcript, dated 17 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Hi-Tech Pipes Limited's investor presentation for the quarter ended June 30, 2026, reported a significant revenue increase of 79% year-over-year, reaching Rs. 1,413 crore, driven by strong demand in the infrastructure and construction sectors. Sales volume rose by 26% to 156,136 MT. EBITDA increased by 20% to Rs. 49.37 crore, while profit after tax slightly decreased to Rs. 20.04 crore from Rs. 20.92 crore in the previous year. Management highlighted the successful ramp-up of new capacities and ongoing expansion plans, including a goal to achieve 2 million tonnes of installed capacity by FY29. The presentation also detailed new product initiatives and strategic expansions in manufacturing facilities across India, aimed at enhancing operational efficiency and market reach. Management expressed optimism about growth opportunities in the steel pipe industry, supported by various government initiatives.
Management emphasized strong growth and ongoing expansion initiatives.
Sourced from an exchange-filed presentation, dated 12 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Management reported that FY26 was marked by strong operational growth and strategic progress for Hi-Tech Pipes Limited. The company achieved a sales volume of 1.47 lakh tons in Q4 FY26, a 27% increase year-on-year, and an annual sales volume of 5.32 lakh tons, up from 4.85 lakh tons in FY25. Revenue for Q4 FY26 reached INR 1,480 crores, a 102% increase compared to INR 734 crores in Q4 FY25, while full-year revenue grew by 37% to INR 4,200 crores. EBITDA for Q4 FY26 increased by 33% to INR 46 crores, and annual EBITDA grew by 8% to INR 174 crores. Management highlighted ongoing expansion initiatives, including plans to add 1 million tons of capacity by FY29 and the operationalization of new facilities. The company also emphasized its commitment to sustainability through increased use of renewable energy sources. Despite external challenges, management expressed confidence in the long-term growth prospects of the steel tubes and pipes industry.
Management emphasized strong growth and strategic initiatives throughout the earnings call.
Sourced from an exchange-filed transcript, dated 03 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Hi-Tech Pipes Limited submitted an investor presentation regarding its audited financial results for the quarter and year ended March 31, 2026. The document was filed with the National Stock Exchange of India and BSE Limited on May 28, 2026, in compliance with SEBI regulations. The presentation is also available on the company's website. Arun Kumar, the Company Secretary and Compliance Officer, signed the document digitally.
The document provided factual information regarding the financial results and compliance without emphasizing any particular aspect.
Sourced from an exchange-filed presentation, dated 28 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the Q3 FY '26 earnings conference call, management reported a significant milestone with the highest quarterly performance in key operational metrics. Revenue from operations grew by 40% year-on-year to INR 1,070 crores, supported by a 10% increase in sales volume to 136,000 tons. EBITDA increased by 4% to INR 42 crores, although profit after tax declined by 9% to INR 17 crores due to a drop in hot-rolled coil prices. Management noted that a 12% safeguard duty introduced in December 2025 helped stabilize domestic steel prices. The company commenced commercial production at new facilities, enhancing capacity and market presence. Management highlighted strong demand driven by government infrastructure spending and private investments. They set a goal of achieving 25% year-on-year volume growth and increasing the contribution of value-added products to 50% in the coming years. The order book currently stands between INR 200 crores to INR 250 crores, with exports contributing approximately INR 20 crores.
Management emphasized strong growth and operational achievements.
Sourced from an exchange-filed transcript, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Hi-Tech Pipes Limited submitted an investor presentation regarding its un-audited financial results for the quarter and nine months ended December 31, 2025. The document was filed with the National Stock Exchange of India and BSE Limited, in compliance with SEBI regulations. The presentation is also available on the company's website. Arun Kumar, the Company Secretary and Compliance Officer, signed the document digitally.
The document provided factual information regarding the financial results and compliance without emphasizing growth or challenges.
Sourced from an exchange-filed presentation, dated 07 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedThe report outlines Hi-Tech Pipes Limited's FY2025-26 performance, highlighting strong growth driven by infrastructure demand, value-added products, and operational efficiency. Management noted a 35% increase in profit after tax and a 37% rise in consolidated revenue. Management stated that the company expanded its manufacturing capacity to 1 million tonnes annually and initiated a new greenfield project in Andhra Pradesh. Strategic focus areas include enhancing product quality, geographic diversification, and sustainability initiatives aligned with green steel trends. The report also details risk management practices, corporate governance, and compliance with regulatory requirements.
- Management stated the expansion of manufacturing capacity to 1 million tonnes annually with a new greenfield project in Andhra Pradesh.
- Strategic focus on value-added products and geographic diversification to enhance profitability.
- Commitment to sustainability and green steel initiatives, aligning with regulatory and market trends.
- Strengthened risk management practices, including financial, industry, and foreign exchange risk mitigation.
- Corporate governance and compliance with SEBI regulations, including audit and internal control procedures.
Key takeaway: Hi-Tech Pipes Limited is expanding its manufacturing capacity and focusing on sustainability and value-added products to capitalize on infrastructure and green energy demand, while managing risks through strategic diversification and robust governance practices.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (3 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceOlder (3+ years ago)
The auditor modified audit procedures due to the COVID-19 pandemic, which prevented physical access to certain branches and offices, leading to the identification of this as a Key Audit Matter.
Regulatory Action
3 occurrencesOlder (3+ years ago)
The company had a contravention of Regulation 167(6) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, which was condoned by SEBI via letter no. CFD/DIL1/19862 dated May 10, 2022.
A fine of ₹10,38,400/- (inclusive of GST) was imposed on the company by SEBI for delay in filing Trading Approval for 2,25,000 equity shares allotted pursuant to the Conversion of Fully Convertible Warrants in F.Y. 2019-20.
The company was fined ₹10,38,400 for delayed filing of trading approvals for 2,25,000 equity shares, but the penalty was waived after an appeal to the Securities Appellate Tribunal (SAT).
Routine disclosures
Internal Control Weakness
1 occurrenceRecent (last 12 months)
The auditor reports a qualification regarding audit trail in the holding company and its subsidiaries.
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has contingent liabilities secured by the personal guarantees of the promoter directors, as declared in notes 17 and 22 of the financial statements.
Earlier (1-3 years ago)
The company has contingent liabilities related to pending litigations, with provisions made where required, and has disclosed these as contingent liabilities in its financial statements.
Older (3+ years ago)
The company has contingent liabilities related to disputed VAT demands and performance bank guarantees, as of March 31, 2023.
The company has disputed Value Added Tax demand and performance bank guarantees as contingent liabilities, with references to the audit report and government tenders.
The company has a contingent liability related to a disputed UP Value Added Tax demand, with a pending petition in the Hon'ble Allahabad High Court. The company believes no liability will accrue.
Related-Party Transaction
4 occurrencesRecent (last 12 months)
The Company has entered into transactions with related parties in compliance with Sections 177 and 188 of the Act, and details of these transactions have been disclosed in the standalone financial statements as required under Indian Accounting Standard 24.
Earlier (1-3 years ago)
The company has entered into operating lease agreements for buildings, which are renewable and cancelable, with no restrictions on dividends or additional debts. The leases are with entities that are associates or subsidiaries of the company, including Hitech Agro Vision Pvt Ltd, AKS Buildcon Pvt Ltd, Hi-tech Saw Ltd, and several wholly owned subsidiaries.
Older (3+ years ago)
The company has entered into operating lease agreements with related parties, including Hitech Agro Vision Pvt Ltd, AKS Buildcon Pvt Ltd, and Hi-tech Saw Pvt Ltd, as disclosed in the annual report.
The company has disclosed related-party transactions with entities like Hitech Agro Vision Pvt Ltd and subsidiaries, including transaction values for FY 2020-21.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
The company has pending statutory dues disputes with amounts in lakhs, which have not been deposited and are pending before the appropriate authority.
Earlier (1-3 years ago)
The company has statutory dues pending before appropriate authorities due to disputes, including a tax on entry of goods in U.P. and a default assessment notice in Delhi, with amounts disputed in lakhs and pending decisions in respective high courts.
Older (3+ years ago)
The company has pending disputes regarding statutory dues under U.P. Tax on Entry of Goods and UP-VAT Sales Tax, with amounts disputed and pending before appropriate authorities.
Management & Board Governance
2 occurrencesOlder (3+ years ago)
The CFO, Sh. Arvind Bansal, resigned from the post of CFO-KMP effective 21/06/2022. The CFO, Sh. Roop Narain Maloo, also resigned from the post of CFO-KMP effective 20/09/2022.
Ms. Tanvi Kumar, a Non-Executive, Independent Director, resigned from the Board of Directors and its Committees on 18/03/2021.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
16.88% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).