Hi-Tech Pipes Ltd (HITECH)

Antique Initiates Coverage on Hi-Tech Pipes with Buy Rating - 02 Apr, 2024

Brokerage firm Antique has initiated coverage on Hi-Tech Pipes with a buy rating and a target price of ₹200 per share. The company's volume is expected to expand to 1 million tonne per year in the next financial year, and it achieved its highest ever sales volume during December-March 2023. The company is targeting the total share of value-added products (VAP) to reach around 40% in FY25 and subsequently 50% in FY26 from 31%. Hi-Tech Pipes currently has ₹250 crore of orders in hand related to various projects.

Hi-Tech Pipes Achieves Record Sales Volume - 01 Apr, 2024

Hi-Tech Pipes has achieved a record-breaking sales volume for the concluding quarter and fiscal year ended March 31, 2024. This milestone represents the highest sales figures ever recorded in the company's history.

Hi-Tech Pipes Ltd Shares Retrace 30% in a Month - 21 Mar, 2024

Hi-Tech Pipes Ltd shares have retraced 30% in the last month, reversing recent gains. The high P/E ratio requires further investigation to determine if it's justified. Strong earnings growth may be enough to outperform the market, but shareholders' investments are at significant risk if trends don't continue.

Creador to Acquire 19.6% Stake in Hinduja Tech - 14 Mar, 2024

Private equity firm Creador is set to acquire a 19.6% stake in Hinduja Tech, allowing the company to expand its research and development capabilities and global footprint.

Hi-Tech Pipes Struggles to Allocate Capital - 05 Mar, 2024

Hi-Tech Pipes' return on capital employed has fallen from 30% five years ago, while capital employed has grown 167%. The company conducted a capital raising before their most recent earnings announcement. While returns have fallen for Hi-Tech Pipes in recent times, the company is reinvesting in its operations and sales are growing.