Is Hi-Tech Pipes a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hi-Tech Pipes Ltd is a below average quality company .

Is Hi-Tech Pipes undervalued or overvalued?

The key valuation ratios of Hi-Tech Pipes Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Hi-Tech Pipes share price return in the past 10 years?

Data is not available for this company

Is Hi-Tech Pipes a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hi-Tech Pipes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Hi-Tech Pipes Ltd - Stock Valuation and Financial Performance

Name: Hi-Tech Pipes
Brand: Hi-Tech Pipes

BSE: 543411 | NSE: HITECH | Steel & Iron Products | Small Cap

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Hi-Tech Pipes Share Price

₹167.65 1.85 1.12%
as on 14-Nov'24 16:59

10 Year X-Ray of Hi-Tech Pipes:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	13%	15.2%	18.4%	18%	11.9%	12.6%	15.6%	12.7%	12%	-
Value Creation Index ⓘ	NA	-0.1	0.1	0.3	0.3	-0.2	-0.1	0.1	-0.1	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	504	637	1,016	1,360	1,210	1,341	1,879	2,386	2,699	2,884
Sales YoY Gr.	-	NA	26.5%	59.3%	33.9%	-11.1%	10.8%	40.2%	27%	13.1%	-
Adj EPS ⓘ	0	0.6	1	2	2.6	1.9	2	3.3	3.3	2.9	3
YoY Gr.	-	NA	55.6%	104.1%	28.5%	-28%	9.7%	62.1%	0.6%	-11.2%	-
BVPS (₹) ⓘ	0	6.4	7.5	10.1	13.2	15.9	17.9	21.1	25.9	35.2	61.5
Adj Net Profit ⓘ	0	6.5	10.1	21	27.5	20.3	22.8	40.3	42.3	44	62
Cash Flow from Ops. ⓘ	0	0.8	24.4	-5.8	49	25	64.1	-17.3	134	-95.2	-
Debt/CF from Ops. ⓘ	0	178.9	7.4	-44	5.6	12.5	4.9	-22.7	2	-4.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	14.7%	26.3%	13.1%
Adj EPS ⓘ	NA	2.7%	13.1%	-11.2%
BVPSⓘ	NA	21.8%	25.3%	35.9%
Share Price	-	2.2%	-35.1%	45%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	9.8	14	22.1	21.2	12.6	12	17.4	12.5	8.9	6.3
Op. Profit Mgn % ⓘ	6.3	6.3	5.9	5.5	4.9	5.3	5.4	4.3	4.3	5.3
Net Profit Mgn % ⓘ	1.3	1.6	2.1	2	1.7	1.7	2.2	1.8	1.6	2.1
Debt to Equity ⓘ	2.1	2.3	2.4	1.9	1.8	1.6	1.5	0.8	0.8	0.1
Working Cap Days ⓘ	0	117	96	82	100	95	81	81	89	52
Cash Conv. Cycle ⓘ	0	71	65	58	73	70	59	50	52	19

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.27%

Net Profit is growing at healthy rate in last 3 years 13.14%

Debt to equity has declined versus last 3 years average to 0.76

Return on Equity has declined versus last 3 years average to 6.30%

Sales growth is not so good in last 4 quarters at 9.34%

Latest Financials - Hi-Tech Pipes Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.4	3
TTM Sales (₹ Cr.)	2,428	2,884
BVPS (₹.) ⓘ	58.3	61.5
Reserves (₹ Cr.) ⓘ	1,163	1,229
P/BV ⓘ	2.88	2.73
PE ⓘ	69.68	55.26

From the Market
52 Week Low / High (₹)	97.60 / 210.75
All Time Low / High (₹)	32.30 / 210.75
Market Cap (₹ Cr.)	3,405
Equity (₹ Cr.)	20.3
Face Value (₹)	1
Industry PE ⓘ	21.7

Management X-Ray of Hi-Tech Pipes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

1.78

2.19

1.79

3.01

2.88

2.69

2.57

* Pledged shares as % of Promoter's holding (%)

Valuation of Hi-Tech Pipes

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Hi-Tech Pipes

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	504	637	1,016	1,360	1,210	1,341	1,879	2,386	2,699
Operating Expenses ⓘ	472	598	956	1,286	1,150	1,270	1,778	2,283	2,584
Manufacturing Costs	21	23	16	19	18	19	29	36	43
Material Costs	433	552	913	1,236	1,095	1,210	1,699	2,174	2,463
Employee Cost	8	11	12	14	18	19	22	26	31
Other Costs ⓘ	10	11	14	17	19	22	28	46	47
Operating Profit ⓘ	32	40	60	75	59	71	101	103	115
Operating Profit Margin (%)	6.3%	6.3%	5.9%	5.5%	4.9%	5.3%	5.3%	4.3%	4.3%
Other Income ⓘ	1	2	1	1	1	1	1	2	1
Interest ⓘ	17	20	27	30	30	32	36	35	42
Depreciation ⓘ	6	7	4	5	7	8	10	14	15
Exceptional Items ⓘ	0	0	0	0	0	0	0	-7	0
Profit Before Tax ⓘ	10	15	30	41	24	31	55	50	59
Tax ⓘ	4	5	9	14	3	8	15	12	15
Profit After Tax	6	10	21	27	20	23	40	38	44
PAT Margin (%)	1.3%	1.6%	2.1%	2.0%	1.7%	1.7%	2.1%	1.6%	1.6%
Adjusted EPS (₹)	0.6	1.0	2.0	2.6	1.9	2.0	3.3	3.0	2.9
Dividend Payout Ratio (%)	8%	2%	1%	1%	1%	0%	2%	1%	1%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	66	77	106	141	174	201	259	331	528
Share Capital ⓘ	10	10	11	11	11	11	12	13	15
Reserves ⓘ	56	67	95	130	163	190	246	318	513
Minority Interest	0	0	0	0	0	0	0	0	0
Debt	135	169	243	258	295	295	364	235	366
Long Term Debt	32	49	70	72	89	116	147	94	106
Short Term Debt	103	120	172	187	207	179	218	141	259
Trade Payables	37	58	45	59	56	49	80	174	157
Others Liabilities ⓘ	40	56	55	47	43	54	68	181	134
Total Liabilities ⓘ	279	360	449	505	568	599	771	922	1,185
Fixed Assets
Gross Block	93	88	135	185	195	233	279	341	424
Accumulated Depreciation	38	7	11	16	22	31	40	54	69
Net Fixed Assetsⓘ	55	81	124	169	173	203	239	287	355
CWIP ⓘ	7	8	17	4	29	30	29	36	62
Investmentsⓘ	0	0	0	0	0	0	0	2	3
Inventories	102	124	154	151	179	188	259	307	347
Trade Receivables	67	96	104	137	137	121	167	186	280
Cash Equivalents	13	16	13	16	19	17	17	21	26
Others Assetsⓘ	36	34	36	28	31	41	59	83	112
Total Assets ⓘ	279	360	449	505	568	599	771	922	1,185

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1	24	-6	49	25	64	-17	134	-95
PBT ⓘ	10	15	30	41	24	31	55	56	59
Adjustment ⓘ	23	26	26	33	36	40	45	48	56
Changes in Working Capital ⓘ	-31	-13	-55	-20	-28	-2	-114	45	-199
Tax Paid ⓘ	-2	-3	-6	-6	-7	-5	-4	-15	-11
Cash Flow From Investing Activity ⓘ	-19	-39	-53	-40	-39	-40	-46	-98	-117
Capex	-19	-34	0	-28	-36	-38	-45	-69	-109
Net Investments	0	-5	4	-3	-3	2	0	-5	-5
Others ⓘ	0	0	-56	-9	0	-3	-1	-24	-3
Cash Flow From Financing Activityⓘ	23	14	59	-9	14	-25	64	-35	213
Net Proceeds from Shares ⓘ	13	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	10	18	21	2	19	24	31	-53	38
Interest Paid ⓘ	-17	-20	-27	-30	-30	-32	-36	-35	-42
Dividend Paid ⓘ	0	-1	0	0	0	0	0	-1	0
Others ⓘ	18	17	65	19	25	-16	70	54	217
Net Cash Flow ⓘ	5	-1	0	0	0	0	0	1	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.8	14.5	23.03	22.2	12.97	12.18	17.56	12.78	10.23
ROCE (%)	13.02	15.21	18.39	18	11.92	12.56	15.63	12.68	12.04
Asset Turnover Ratio	2.03	2.24	2.57	2.85	2.25	2.3	2.74	2.82	2.56
PAT to CFO Conversion(x)	0.17	2.4	-0.29	1.81	1.25	2.78	-0.43	3.53	-2.16
Working Capital Days
Receivable Days	43	42	35	32	41	35	28	27	31
Inventory Days	66	58	49	41	50	50	44	43	44
Payable Days	32	31	21	15	19	16	14	21	25

Hi-Tech Pipes Ltd Stock News

Hi-Tech Pipes Ltd FAQs

What is the share price of Hi-Tech Pipes?

Company share prices are keep on changing according to the market conditions. The closing price of Hi-Tech Pipes on 14-Nov-2024 16:59 is ₹167.7.

What is the market cap of Hi-Tech Pipes?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:59 the market cap of Hi-Tech Pipes stood at ₹3,405.1.