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Hi-Tech Pipes Ltd share Price

Company details

6M Return 3.14%
1Y Return 34.92%
Mkt Cap.(Cr) 1,053.68
Volume 463,888
Div Yield 0.03%
OI Chg %
Volume 463,888

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Iron & Steel Products company Hi-Tech Pipes announced Q4FY23 & FY23 results:

  • Consolidated Q4FY23:
    • Revenue from operations up by 18% to Rs 701.85 crore
    • Sales volumes increased by 26% to 1.07 lakh tonnes
    • EBITDA grew by 13% to Rs 33.75 crore
    • EBITDA/ton at Rs 3,147 in Q4FY23 vs. Rs 3,511 in Q4FY22; decreased 10% YoY
    • PAT increased by 42% to Rs 15.91 crore from Rs 11.22 crore in Q4FY22
  • Consolidated FY23:
    • Revenue from operations up by 27% to Rs 2385.85 crore
    • Sales volumes increased by 28% to 3.54 lakh tonnes
    • EBITDA grew by 3% to Rs 103.21 crore
    • EBITDA/ton at Rs 2.915 in FY23 vs. Rs 3.634 in FY22; decreased 19.78% YoY
    • PAT decreased by 6% to Rs 37.79 crore from Rs 40.33 crore in Q4FY22
    • Debt Equity Ratio has improved significantly to 0.66x from 1.42x
    • Debt Service Coverage Ratio has improved to 1.33x from 1.56x
    • Current Ratio has improved to 1.46x from 1.43x
    • Debtor turnover days reduced to 28 days from 33 days
    • Inventory turnover days have reduced to 47 days from 50 days
    • Net Working Capital Days substantially reduced to 48 days from 68 days

Commenting on the performance, Ajay Kumar Bansal, Chairman, and Managing Director, Hi-Tech Pipes said, “I feel so elated to share that, during this Quarter the Company has registered ever highest Sales Volume, Revenue, PAT, and EBIDTA. Net working Capital days of the company have reduced substantially to 48 days. Our New Product “HitechColorStar” for premium Color Coated Coils has been well appreciated and accepted, we are confident of emerging as a strong brand across the country in this segment.

Our greenfield facility of Large Dia. Pipes at Makhiyav, Sanand Gujarat is about to commission, we are expecting to start Commercial production from Q3FY24 onwards. This facility along with our color coating line will not only help us to increase the volumes but also to improve the margins and strengthen the company's reach into different territories.

Going forward we will continue to look at opportunities to expand in the high demand and profitable geographies of the country as well as increase share of value added products in our portfolio.”



Result PDF

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Hi-Tech Pipes Ltd Stocks COMPARISION


Equity Capital: 331.09 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,612.36 -19,132.24
LAST 3M 53,075.98 -4,241.70
LAST 6M 58,662.39 138,824.89
LAST 12M 133,944.68 162,473.45

Hi-Tech Pipes Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Hi-Tech Pipes limited - An ISO : 9001 certified company, is one of India`s leading producers and suppliers of steel pipes, hollow sections, tubes, cold rolled coils and strips and a variety of other galvanized products. It also serves oil and gas, water, construction, automobile, and infrastructure industries. The company was formerly known as Ram Lal Harbans Lal Limited and changed its name to Hi-Tech Pipes Limited in October 1986. Established in 1986, the company has grown into a matured and experienced organization, which better understands the market needs and demands. the company works with the objective of providing maximum customer satisfaction through the superior quality products, which can satisfy specific needs and requirements. From a mere turnover of USD 1 million to USD 100 million, the company has transitioned and diversified its business from Tubular segment to Integrated cold rolling complexes and Continous galvanizing.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543411
Book Closure Date (Month) :
BSE Group : B
ISIN : INE106T01025

FAQ’s on Hi-Tech Pipes Ltd Shares

You can buy Hi-Tech Pipes Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Hi-Tech Pipes Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 04, 2023 03:52 PM the closing price of Hi-Tech Pipes Ltd was ₹ 80.55.

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 Oct 04, 2023 03:52 PM, the market cap of Hi-Tech Pipes Ltd stood at ₹ 1,053.68.

The latest PE ratio of Hi-Tech Pipes Ltd as of Oct 04, 2023 03:52 PM is 22.83

The latest PB ratio of Hi-Tech Pipes Ltd as of Oct 04, 2023 03:52 PM is 0.33

The 52-week high of Hi-Tech Pipes Ltd is ₹ 98.97 while the 52-week low is ₹ 58.40

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