Hi-Tech Pipes Ltd Analyst Rating
based on 2 analysts
100.00%
Buy
0.00%
Hold
0.00%
Sell
Based on 2 analysts offering long term price targets for Hi-Tech Pipes Ltd. An average target of ₹232.5
Source: S&P Global Market Intelligence
Hi-Tech Pipes Ltd Share analysis
Hi-Tech Pipes Ltd price forecast by 2 analysts
Upside of40.22%
High
₹240
Target
₹232.50
Low
₹225
Hi-Tech Pipes Ltd target price ₹232.5, a slight upside of 40.22% compared to current price of ₹161.54. According to 2 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Hi-Tech Pipes Ltd revenue growth forecast
Expected growth rate Q1, FY2026:59.04%
Forecast
Actual
Including amortisation and stock based compensations
Hi-Tech Pipes Ltd EPS growth forecast
EPS estimate Q1, FY2026:149.15%
Forecast
Actual
Source: S&P Global Market Intelligence
Hi-Tech Pipes Ltd Performance
Day's Low
Day's High
₹159.96₹165.8152 Week's Low
52 Week's High
₹97.65₹210.85
| Returns % | |
| 1 Month Return | -10.37 % |
| 3 Month Return | -11.74 % |
| 1 Year Return | + 47.65 % |
| Market Stats | |
| Previous Close | ₹165.81 |
| Open | ₹165.81 |
| Volume | 4.29L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹3,367.73Cr |
Hi-Tech Pipes Ltd Key Statistics
| P/E Ratio | 39.57 |
| PEG Ratio | 82.62 |
| Market Cap | ₹3,367.73 Cr |
| P/B Ratio | 4.48 |
| EPS | 2.93 |
| Dividend Yield | 0.02 |
| Sector | Steel |
| ROE | 7.68 |
Hi-Tech Pipes Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹3,367.73 Cr | 225.64% | 0.68 | ₹43 Cr | ₹2,699 Cr | |
| NA | ₹472.43 Cr | 310.44% | 0.78 | ₹11 Cr | ₹739 Cr | |
| NA | ₹332.85 Cr | 88.23% | 0.66 | NA | NA | |
| NA | ₹3,351.34 Cr | 52.4% | 0.63 | ₹248 Cr | ₹1,959 Cr | |
| NA | ₹32.67 Cr | 795.87% | 0.50 | NA | NA |
About Hi-Tech Pipes Ltd
Share Price: ₹161.54 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹3,367.73Cr as of today
Revenue: ₹705.90Cr as on September 2024 (Q3 24)
Net Profit: ₹18.11Cr as on September 2024 (Q3 24)
Listing date: 25 Feb, 2016
Chairperson Name: AJAY KUMAR BANSAL
| Organisation | Hi-Tech Pipes Ltd |
| Headquarters | |
| Industry | Steel |
| E-voting on shares | Click here to vote |
Key events for Hi-Tech Pipes Ltd
Hi-Tech Pipes Reports Growth Amid Acquisition Plans - 07 Nov, 2024
Hi-Tech Pipes reported a 72% increase in net profit for Q2 FY25, despite a decline in sales. The company announced a 100% acquisition of Hi-tech Global Steels and aims for domestic growth while planning to be net debt-free by FY25.
Hi-Tech Pipes Reports Strong Q2 Earnings Growth - 06 Nov, 2024
Hi-Tech Pipes announced a 72% increase in Q2 net profit to Rs 18.11 crore, driven by reduced expenses, despite a decline in revenue from operations. The company also noted strong demand for its products and positive investor interest in its QIP.
Hi-Tech Pipes Receives Credit Rating Upgrade - 04 Nov, 2024
Hi-Tech Pipes Ltd has been upgraded to CRISIL A/Positive and A1 by CRISIL Ratings, indicating strong financial health and operational efficiency. Revenue is projected to grow at a CAGR of 22% through 2025, reaching over Rs 3,300 crore. The company is also expanding its operations and improving its capital structure.
Hi-Tech Pipes Launches Green Power Project Amid Market Fluctuations - 17 Oct, 2024
Hi-Tech Pipes Limited has commenced a 5 MW captive green power project, raising total solar power usage to 13.5 MW. The company successfully raised Rs 500 crore through a QIP, reflecting strong investor confidence. However, shares fell by 6% following the announcement.
Hi-Tech Pipes Raises Rs 500 Crore in QIP - 14 Oct, 2024
Hi-Tech Pipes Limited successfully completed a Rs 500 crore QIP with strong demand from institutional investors. The company reported significant sales growth and increased market confidence, positioning itself well in the ERW steel tubes and pipes market.
Hi-Tech Pipes Raises ₹500 Crore via QIP - 12 Oct, 2024
Hi-Tech Pipes successfully raised ₹500.79 crore through a Qualified Institutional Placement, allotting shares at ₹185.50 each. The stock has surged 130% over the past year.
Hi-Tech Pipes Raises ₹500 Crore via QIP - 11 Oct, 2024
Hi-Tech Pipes successfully raised over ₹500 crore through a Qualified Institutional Placement (QIP), attracting significant investments from top-tier institutional investors, reflecting strong market confidence in the company's growth prospects.
Insights on Hi-Tech Pipes Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 3 quarters, 11.13 Cr → 18.11 Cr (in ₹), with an average increase of 19.3% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 9.30% to 12.98% in Oct 2024 quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 7.11% to 9.92% in Oct 2024 quarter
NEGATIVE IMPACTPromoter Holding Down
Promoters have decreased holdings from 50.76% to 44.01% in Oct 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 1 month, HITECH stock has moved down by -10.4%
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 867.51 Cr → 706.87 Cr (in ₹), with an average decrease of 18.5% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 29.88% to 25.78% in Oct 2024 quarter
Hi-Tech Pipes Ltd Financials
Index Inclusions
Hi-Tech Pipes Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 44.01% | ||
| Foreign Institutions | 12.98% | 39.51 | |
| Mutual Funds | 9.92% | 39.48 | |
| Retail Investors | 25.78% | ||
| Others | 7.3% | 148.04 |
Hi-Tech Pipes Ltd Key Indicators
Hi-Tech Pipes Ltd Valuation
Hi-Tech Pipes Ltd in the last 5 years
Lowest (0.64x)
August 5, 2019
Industry (23.70x)
November 19, 2024
Today (39.57x)
November 19, 2024
Highest (66.52x)
December 20, 2022
Hi-Tech Pipes Ltd Earnings and Dividends
Hi-Tech Pipes Ltd Earnings Results
Hi-Tech Pipes Ltd’s net profit jumped 71.98% since last year same period to ₹18.11Cr in the Q2 2024-2025. On a quarterly growth basis, Hi-Tech Pipes Ltd has generated 0.33% jump in its net profits since last 3-months.
Read More about Earnings ResultsHi-Tech Pipes Ltd Dividends May,2024
In the quarter ending March 2024, Hi-Tech Pipes Ltd has declared dividend of ₹0.03 - translating a dividend yield of 0.03%.
Read More about Dividends
Hi-Tech Pipes Ltd Technicals Summary
Bearish
Neutral
Bullish
Hi-Tech Pipes Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Hi-Tech Pipes Ltd
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Hi-Tech Pipes Ltd (HITECH) share price today is ₹161.54
Hi-Tech Pipes Ltd is listed on NSE
Hi-Tech Pipes Ltd is listed on BSE
- Today’s highest price of Hi-Tech Pipes Ltd is ₹165.81.
- Today’s lowest price of Hi-Tech Pipes Ltd is ₹159.96.
PE Ratio of Hi-Tech Pipes Ltd is 39.57
PE ratio = Hi-Tech Pipes Ltd Market price per share / Hi-Tech Pipes Ltd Earnings per share
Today’s traded volume of Hi-Tech Pipes Ltd(HITECH) is 4.29L.
Today’s market capitalisation of Hi-Tech Pipes Ltd(HITECH) is ₹3367.73Cr.
| Hi-Tech Pipes Ltd(HITECH | Price |
|---|---|
52 Week High | ₹210.85 |
52 Week Low | ₹97.65 |
Hi-Tech Pipes Ltd(HITECH) share price is ₹161.54. It is down -23.39% from its 52 Week High price of ₹210.85
Hi-Tech Pipes Ltd(HITECH) share price is ₹161.54. It is up 65.43% from its 52 Week Low price of ₹97.65
| Hi-Tech Pipes Ltd(HITECH | Returns |
|---|---|
1 Day Returns | -4.27% |
1 Month Returns | -10.37% |
3 Month Returns | -11.74% |
1 Year Returns | 47.65% |