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Bearish
5
Neutral
7
Bullish
2
Bearish
21
Neutral
7
Bullish
18
Bearish
16
Neutral
0
Bullish
16
Discovery themes featuring this stock
Hi-Tech Pipes Limited is an integrated steel tubes and pipes manufacturer producing ERW pipes, hollow sections, cold-rolled coils and coated products across a multi-plant pan-India footprint, serving infrastructure, water, energy, telecom, defence and solar sectors with branded value-added SKUs and approvals for institutional projects.
Q3FY26 showed robust top-line momentum with consolidated revenue up 40.5% YoY to ₹1,069.6 crore and volumes up 10% to 136,067 tonnes, while EBITDA rose modestly and PAT declined about 9% year-on-year due to a mid-quarter correction in hot-rolled coil prices; management flagged December’s 12% safeguard duty as restoring domestic price discipline.
The company is materially expanding manufacturing scale: commercialised Sanand Unit-II Phase-II (100,000 MTPA) and Kathua greenfield (80,000 MTPA), reaching ~1.05 million tonnes of installed capacity and targeting two million tonnes by FY29, backed by vendor tie-ups, MOUs for raw material and a stated incremental capex of ₹500–600 crore for the next million tonnes.
Hi-Tech is shifting mix toward value-added products (VAP ~37–38% currently), targeting 42–50% in the near term, while building exports (certifications completed, supplies to 28 countries) and aiming for exports contributing roughly 10% of volumes, reinforcing product diversification and margin expansion as core strategic levers.
The company combines strong institutional credentials and certifications (CE/UKCA, DNV, multiple government approvals), a broad dealer network of 550+ outlets, marquee clients including TATA, L&T and NTPC, credit ratings A+/A1, and capital support (QIP of ₹500 crore previously raised), providing financial and commercial credibility for growth.
Industrial Products
Iron & Steel Products
1,768 Cr
High Risk
23.2
36.4
0.5
1.3
127.46
70.15
Sales CAGR
Profit CAGR
ROE
ROCE
Discovery themes featuring this stock
Hi-Tech Pipes Ltd (HITECH) is currently trading at 87.90 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Hi-Tech Pipes Limited is an integrated steel tubes and pipes manufacturer producing ERW pipes, hollow sections, cold-rolled coils and coated products across a multi-plant pan-India footprint, serving infrastructure, water, energy, telecom, defence and solar sectors with branded value-added SKUs and approvals for institutional projects. Q3FY26 showed robust top-line momentum with consolidated revenue up 40.5% YoY to ₹1,069.6 crore and volumes up 10% to 136,067 tonnes, while EBITDA rose modestly and PAT declined about 9% year-on-year due to a mid-quarter correction in hot-rolled coil prices; management flagged December’s 12% safeguard duty as restoring domestic price discipline. The company is materially expanding manufacturing scale: commercialised Sanand Unit-II Phase-II (100,000 MTPA) and Kathua greenfield (80,000 MTPA), reaching ~1.05 million tonnes of installed capacity and targeting two million tonnes by FY29, backed by vendor tie-ups, MOUs for raw material and a stated incremental capex of ₹500–600 crore for the next million tonnes. Hi-Tech is shifting mix toward value-added products (VAP ~37–38% currently), targeting 42–50% in the near term, while building exports (certifications completed, supplies to 28 countries) and aiming for exports contributing roughly 10% of volumes, reinforcing product diversification and margin expansion as core strategic levers. The company combines strong institutional credentials and certifications (CE/UKCA, DNV, multiple government approvals), a broad dealer network of 550+ outlets, marquee clients including TATA, L&T and NTPC, credit ratings A+/A1, and capital support (QIP of ₹500 crore previously raised), providing financial and commercial credibility for growth.
Over the past 52 weeks, Hi-Tech Pipes Ltd has traded between a low of ₹70.15 and a high of ₹127.46. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Hi-Tech Pipes Ltd has a market capitalization of approximately 1,767.65. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Hi-Tech Pipes Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 23.21 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 1,767.65 Cr, Hi-Tech Pipes Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Hi-Tech Pipes Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Hi-Tech Pipes Ltd is 23.21. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
87.90 | 1,768 Cr | 23.21 | 1.33 | 0.00 | 5.71 | 9.29 | 3.76 | ||
12.37 | 1,578 Cr | 58.46 | 2.74 | 0.00 | 3.52 | 9.11 | 1.96 | ||
950.00 | 1,557 Cr | 162.18 | 9.81 | 0.00 | 6.05 | 8.29 | 3.55 | ||
208.10 | 1,513 Cr | 15.73 | 5.43 | 0.00 | 14.56 | 18.02 | 11.77 | ||
60.18 | 1,355 Cr | 16.70 | 1.69 | 0.71 | 10.10 | 10.72 | 6.26 | ||
421.00 | 1,310 Cr | 17.30 | 2.03 | 0.00 | 11.71 | 14.97 | 6.21 | ||
967.05 | 1,238 Cr | -79.06 | 0.00 | 0.00 | 7.82 | 0.50 | -0.79 | ||
| Median: 7 Co. | — | 208.10 | 1,513 Cr | 17.30 | 2.03 | 0.00 | 7.82 | 9.29 | 3.76 |
Earnings transcript
Hi‑Tech Pipes reported Q4 & FY26 results: Q4 volumes +27% to 1.47 lakh t, Q4 revenue INR1,480cr (+102% YoY), FY revenue INR4,200cr, Q4 EBITDA INR46cr; announced INR90cr preferential issue and plan to expand capacity to 2MT by FY29.
Shareholding Increase
Bandhan Mutual Fund acquired 240,000 shares of Hi‑Tech Pipes Ltd on May 29, 2026 (open market), increasing its holding to 1,85,95,261 shares (9.1554%); filing notes this crosses a >2% increase from the 7.1068% last reported.
