About
Hi-Tech Pipes Limited manufactures and sells steel in India. The company provides mild steel hollow section ERW steel pipes, mild steel round pipes, GI pipes, pre-galvanized steel pipes, crash barriers, cold rolled coils and strips, and coated coils and roofing sheets. It also offers hot rolled, pickled and oiled, cold rolled close annealed, cold rolled full hard, and BP sheets coil and strip products, as well as casing pipes for borewells. In addition, the company provides HR coil pipes, metal beam crash barriers, color-coated roofing sheets, and GC roofing sheets. It also exports its products. The company was formerly known as Ram Lal Harbans Lal Limited and changed its name to Hi-Tech Pipes Limited in October 1986. Hi-Tech Pipes Limited was incorporated in 1985 and is headquartered in New Delhi, India.
Key Metrics
as of Sep 2026Market Cap1,540 Cr
P/E20.50
Div Yield0.03 %
Book Value₹65.60
52w High₹128.00
52w Low₹70.10
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,112.00 | 1,189.00 | 902.00 | 721.00 | 631.00 | 572.00 | 634.00 | 621.00 | 723.00 | 565.00 | 518.00 | 603.00 | 520.00 |
| Expenses | 1,074.00 | 1,148.00 | 868.00 | 684.00 | 597.00 | 541.00 | 599.00 | 586.00 | 688.00 | 539.00 | 493.00 | 582.00 | 504.00 |
| Operating Profit | 39.00 | 41.00 | 34.00 | 37.00 | 35.00 | 30.00 | 35.00 | 35.00 | 35.00 | 26.00 | 25.00 | 21.00 | 16.00 |
| OPM % | 3.50 | 3.50 | 3.70 | 5.00 | 5.00 | 5.00 | 5.00 | 6.00 | 4.90 | 4.60 | 4.80 | 3.50 | 3.10 |
| Other Income | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 1.00 | 0.00 |
| Depreciation | 7.00 | 7.00 | 6.00 | 6.00 | 5.00 | 4.00 | 5.00 | 4.00 | 4.00 | 5.00 | 3.00 | 2.00 | 2.00 |
| Interest | 13.00 | 13.00 | 10.00 | 10.00 | 6.00 | 5.00 | 7.00 | 11.00 | 11.00 | 13.00 | 6.00 | 7.00 | 5.00 |
| Profit before tax | 20.00 | 21.00 | 18.00 | 22.00 | 24.00 | 22.00 | 23.00 | 21.00 | 20.00 | 8.00 | 16.00 | 12.00 | 9.00 |
| Tax % | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 26.00 | 27.00 | 26.00 | 25.00 | 22.00 | 24.00 | 25.00 | 25.00 |
| Net Profit | 15.00 | 16.00 | 14.00 | 17.00 | 18.00 | 16.00 | 17.00 | 15.00 | 15.00 | 6.00 | 12.00 | 9.00 | 7.00 |
| EPS in Rs | 0.75 | 0.79 | 0.68 | 0.81 | 0.88 | 0.80 | 0.82 | 0.87 | 0.97 | 0.41 | 0.88 | 0.70 | 0.50 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,443.00 | 2,550.00 | 2,207.00 | 1,861.00 | 1,512.00 | 1,026.00 | 967.00 | 1,118.00 | 822.00 | 591.00 | 504.00 | 458.00 |
| Expenses | 3,296.00 | 2,414.00 | 2,119.00 | 1,782.00 | 1,438.00 | 975.00 | 923.00 | 1,063.00 | 776.00 | 555.00 | 472.00 | 433.00 |
| Operating Profit | 146.00 | 136.00 | 88.00 | 79.00 | 74.00 | 51.00 | 44.00 | 54.00 | 46.00 | 36.00 | 32.00 | 25.00 |
| OPM % | 4.20 | 5.00 | 4.00 | 4.20 | 4.90 | 5.00 | 4.60 | 4.90 | 6.00 | 6.00 | 6.00 | 6.00 |
| Other Income | 2.00 | 2.00 | 1.00 | -5.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 3.00 | 1.00 | 1.00 |
| Interest | 39.00 | 34.00 | 32.00 | 25.00 | 27.00 | 25.00 | 24.00 | 23.00 | 23.00 | 20.00 | 17.00 | 15.00 |
| Depreciation | 24.00 | 18.00 | 13.00 | 11.00 | 7.00 | 7.00 | 5.00 | 4.00 | 3.00 | 6.00 | 6.00 | 4.00 |
| Profit before tax | 86.00 | 86.00 | 45.00 | 38.00 | 41.00 | 20.00 | 16.00 | 29.00 | 21.00 | 13.00 | 10.00 | 8.00 |
| Tax % | 25.00 | 26.00 | 24.00 | 23.00 | 27.00 | 25.00 | 14.00 | 36.00 | 32.00 | 33.00 | 35.00 | 34.00 |
| Net Profit | 64.00 | 64.00 | 34.00 | 29.00 | 30.00 | 15.00 | 14.00 | 18.00 | 15.00 | 9.00 | 6.00 | 5.00 |
| EPS in Rs | 3.16 | 3.13 | 2.26 | 2.26 | 2.43 | 1.34 | 1.28 | 1.70 | 1.41 | 0.85 | 0.63 | 1.31 |
| Dividend Payout % | 0.00 | 1.00 | 1.00 | 1.00 | 2.00 | 0.00 | 2.00 | 1.00 | 2.00 | 3.00 | 8.00 | 8.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20.00 | 20.00 | 15.00 | 13.00 | 12.00 | 11.00 | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 | 4.00 |
| Reserves | 1,231.00 | 1,167.00 | 501.00 | 355.00 | 204.00 | 162.00 | 139.00 | 119.00 | 95.00 | 65.00 | 56.00 | 44.00 |
| Borrowings | 141.00 | 127.00 | 294.00 | 180.00 | 259.00 | 212.00 | 239.00 | 189.00 | 188.00 | 151.00 | 142.00 | 111.00 |
| Other Liabilities | 399.00 | 276.00 | 152.00 | 192.00 | 105.00 | 68.00 | 73.00 | 77.00 | 62.00 | 92.00 | 71.00 | 57.00 |
| Total Liabilities | 1,791.00 | 1,590.00 | 961.00 | 740.00 | 581.00 | 453.00 | 463.00 | 396.00 | 355.00 | 317.00 | 279.00 | 215.00 |
| Fixed Assets | 504.00 | 312.00 | 290.00 | 226.00 | 180.00 | 145.00 | 134.00 | 129.00 | 96.00 | 67.00 | 55.00 | 43.00 |
| CWIP | 78.00 | 152.00 | 57.00 | 34.00 | 28.00 | 29.00 | 21.00 | 2.00 | 12.00 | 3.00 | 7.00 | 8.00 |
| Investments | 3.00 | 6.00 | 5.00 | 5.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 0.00 | 0.00 |
| Other Assets | 1,206.00 | 1,120.00 | 609.00 | 475.00 | 370.00 | 275.00 | 304.00 | 261.00 | 245.00 | 245.00 | 218.00 | 164.00 |
| Total Assets | 1,791.00 | 1,590.00 | 961.00 | 740.00 | 581.00 | 453.00 | 463.00 | 396.00 | 355.00 | 317.00 | 279.00 | 215.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 87.00 | 120.00 | -71.00 | 56.00 | 7.00 | 76.00 | 3.00 | 52.00 | 5.00 | 39.00 | 1.00 | 26.00 |
| Cash from Investing Activity | -74.00 | -496.00 | -125.00 | -79.00 | -41.00 | -27.00 | -31.00 | -31.00 | -34.00 | -28.00 | -19.00 | -19.00 |
| Cash from Financing Activity | -25.00 | 407.00 | 196.00 | 24.00 | 35.00 | -49.00 | 28.00 | -20.00 | 29.00 | -12.00 | 23.00 | -7.00 |
| Net Cash Flow | -12.00 | 31.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | 5.00 | 1.00 |
| Free Cash Flow | -32.00 | -14.00 | -171.00 | -7.00 | -34.00 | 48.00 | -26.00 | 27.00 | -36.00 | 25.00 | -18.00 | 7.00 |
| CFO/OP % | 72.00 | 99.00 | -70.00 | 86.00 | 13.00 | 154.00 | 17.00 | 104.00 | 22.00 | 115.00 | 8.00 | 111.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33.00 | 34.00 | 39.00 | 29.00 | 30.00 | 30.00 | 43.00 | 31.00 | 35.00 | 48.00 | 49.00 | 42.00 |
| Inventory Days | 54.00 | 49.00 | 48.00 | 54.00 | 48.00 | 54.00 | 58.00 | 43.00 | 61.00 | 81.00 | 85.00 | 62.00 |
| Days Payable | 41.00 | 37.00 | 22.00 | 33.00 | 21.00 | 19.00 | 23.00 | 21.00 | 17.00 | 37.00 | 31.00 | 36.00 |
| Cash Conversion Cycle | 46.00 | 45.00 | 66.00 | 49.00 | 58.00 | 65.00 | 78.00 | 53.00 | 78.00 | 92.00 | 102.00 | 68.00 |
| Working Capital Days | 38.00 | 40.00 | 32.00 | 27.00 | 17.00 | 17.00 | 14.00 | 8.00 | 12.00 | 13.00 | 23.00 | 11.00 |
| ROCE % | 9.00 | 11.00 | 11.00 | 14.00 | 16.00 | 12.00 | 11.00 | 17.00 | 17.00 | 15.00 | 15.00 | 14.00 |
Corporate Actions
13 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 19 Sep 2025 | 20 Sep 2025 | — | 0.03 | |
| Dividend | 19 Sep 2025 | 20 Sep 2025 | — | 0.03 | |
| Dividend | 13 Sep 2024 | 14 Sep 2024 | — | 0.03 | |
| Dividend | 13 Sep 2024 | 14 Sep 2024 | — | 0.03 | |
| Dividend | 22 Sep 2023 | 22 Sep 2023 | — | 0.03 | |
| Dividend | 22 Sep 2023 | 22 Sep 2023 | — | 0.03 | |
| Split | 17 Mar 2023 | 17 Mar 2023 | 10:1 | — | |
| Dividend | 20 Sep 2022 | 21 Sep 2022 | — | 0.50 | |
| Other | 20 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2021 | — | — | — | Annual General Meeting |
| Dividend | 17 Sep 2020 | 19 Sep 2020 | — | 0.25 | |
| Dividend | 17 Sep 2019 | — | — | 0.25 | |
| Dividend | 05 Jul 2018 | — | — | 0.25 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update10 Sep 2025 from fitch
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Rating update18 Jul 2025 from crisil
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Rating update16 Apr 2025 from crisil
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Rating update7 Feb 2025 from infomerics
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Rating update7 Feb 2025 from crisil
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Rating update13 Dec 2024 from fitch