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 ₹185.5
Source: S&P Global Market Intelligence
Hi-Tech Pipes Ltd Share analysis
Hi-Tech Pipes Ltd price forecast by 2 analysts
Downside of
High
₹211
Target
₹185.50
Low
₹160
Hi-Tech Pipes Ltd target price ₹185.5, a slight downside of -3.12% compared to current price of ₹192.6. 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, FY2026:66.39%
Forecast
Actual
Including amortisation and stock based compensations
Hi-Tech Pipes Ltd EPS growth forecast
EPS estimate Q1, FY2026:166.21%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹190.46₹19752 Week's Low
52 Week's High
₹76.6₹197
| Returns % | |
| 1 Month Return | + 20.14 % |
| 3 Month Return | + 48.83 % |
| 1 Year Return | + 127.8 % |
| Market Stats | |
| Previous Close | ₹191.47 |
| Open | ₹191.00 |
| Volume | 13.91L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹3,372.00Cr |
Key Statistics
| P/E Ratio | 49.09 |
| PEG Ratio | 76.12 |
| Market Cap | ₹3,372.00 Cr |
| P/B Ratio | 4.48 |
| EPS | 2.93 |
| Dividend Yield | 0.02 |
| Sector | Steel |
| ROE | 7.68 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹3,372.00 Cr | 203.42% | 0.68 | ₹43 Cr | ₹2,699 Cr | |
| BUY | ₹2,292.06 Cr | 103.53% | 0.74 | ₹75 Cr | ₹2,894 Cr | |
| NA | ₹3,743.07 Cr | 17.81% | 0.55 | NA | NA | |
| BUY | ₹4,403.03 Cr | 20.25% | 0.51 | ₹113 Cr | ₹2,040 Cr | |
| NA | ₹2,247.73 Cr | 47.42% | 0.72 | NA | NA |
Company Information
Share Price: ₹192.60 per share as on 11 Sep, 2024 04:01 PM
Market Capitalisation: ₹3,372.00Cr as of today
Revenue: ₹866.98Cr as on June 2024 (Q2 24)
Net Profit: ₹18.05Cr as on June 2024 (Q2 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
Sharekhan Sees 25% Upside for Hi-Tech Pipes - 04 Sep, 2024
Hi-Tech Pipes has shown impressive growth, with a 142% return over the past year. Sharekhan forecasts a 25% upside, driven by strong earnings and volume growth expectations amid declining steel prices.
Hi-Tech Pipes Targets Rs 3,700 Crore Revenue by 2025 - 03 Sep, 2024
Hi-Tech Pipes Ltd aims to achieve revenue of Rs 3,500-Rs 3,700 crore in fiscal 2025, focusing on value-added products, which may increase from 36% to 50-55% of total revenue in the next two years.
Hi-Tech Pipes Secures Major Orders and Hits Record High - 20 Aug, 2024
Hi-Tech Pipes announced a Rs 105 crore order for ERW Steel Pipes from renewable energy clients and plans to raise Rs 600 crore through equity issuance. The stock reached a record high of Rs 192.75 following the news.
Hi-Tech Pipes Plans ₹600 Crore Fundraising - 19 Aug, 2024
Hi-Tech Pipes Ltd announced plans to raise up to ₹600 crore through various securities, including equity shares and convertible instruments, subject to necessary approvals. Shares rose by 2.25% following the announcement.
Hi-Tech Pipes Reports Strong Q1 Growth - 12 Aug, 2024
Hi-Tech Pipes announced a remarkable Q1 FY25, with net profit soaring over 200% to Rs 18.05 crore and revenues increasing by 35% to Rs 866.97 crore. The company's standalone profit also showed significant growth, reflecting strong operational performance.
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 IMPACTFII Holding Up
Foreign Institutions have increased holdings from 1.82% to 8.72% in Jul 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 630.54 Cr → 867.51 Cr (in ₹), with an average increase of 14.5% per quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 11.13 Cr → 18.05 Cr (in ₹), with an average increase of 38.3% per quarter
- POSITIVE IMPACT
Price Rise
In the last 1 month, HITECH stock has moved up by 20.1%
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 32.88% to 30.30% in Jul 2024 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 53.95% to 50.77% in Jul 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 7.93% to 7.13% in Jul 2024 quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 50.77% | ||
| Foreign Institutions | 8.72% | 380.05 | |
| Mutual Funds | 7.13% | ||
| Retail Investors | 30.3% | ||
| Others | 3.08% |
Key Indicators
Hi-Tech Pipes Ltd Valuation
Hi-Tech Pipes Ltd in the last 5 years
Lowest (0.64x)
August 5, 2019
Industry (25.22x)
September 10, 2024
Today (49.09x)
September 10, 2024
Highest (66.52x)
December 20, 2022
Earnings and Dividends
Hi-Tech Pipes Ltd Earnings Results
Hi-Tech Pipes Ltd’s net profit jumped 125.06% since last year same period to ₹18.05Cr in the Q1 2024-2025. On a quarterly growth basis, Hi-Tech Pipes Ltd has generated 62.17% jump in its net profits since last 3-months.
Read More about Earnings ResultsHi-Tech Pipes Ltd Dividends May,2023
In the quarter ending March 2023, Hi-Tech Pipes Ltd has declared dividend of ₹0.03 - translating a dividend yield of 0.02%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Hi-Tech Pipes Ltd is currently in a Bullish trading position according to technical analysis indicators.
Frequently Asked Questions
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Hi-Tech Pipes Ltd (HITECH) share price today is ₹192.6
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 ₹197.
- Today’s lowest price of Hi-Tech Pipes Ltd is ₹190.46.
PE Ratio of Hi-Tech Pipes Ltd is 49.09
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 13.91L.
Today’s market capitalisation of Hi-Tech Pipes Ltd(HITECH) is ₹3372Cr.
| Hi-Tech Pipes Ltd(HITECH | Price |
|---|---|
52 Week High | ₹197 |
52 Week Low | ₹76.6 |
Hi-Tech Pipes Ltd(HITECH) share price is ₹192.6. It is down -2.23% from its 52 Week High price of ₹197
Hi-Tech Pipes Ltd(HITECH) share price is ₹192.6. It is up 151.44% from its 52 Week Low price of ₹76.6
| Hi-Tech Pipes Ltd(HITECH | Returns |
|---|---|
1 Day Returns | 1.13% |
1 Month Returns | 20.14% |
3 Month Returns | 48.83% |
1 Year Returns | 127.8% |