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Hi-Tech Pipes Ltd share Price Today

Company details

122.70
125.80
71.00
170.00
6M Return 10.60%
1Y Return 70.60%
Mkt Cap.(Cr) 1,966.78
Volume 345,664
Div Yield 0.02%
OI
-
OI Chg %
-
Volume 345,664

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Iron & Steel Products company Hi-Tech Pipes announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from operations Declined by 3% to Rs 681.03 crore as compared to Rs 701.86 crore in Q4FY23.
  • PAT Declined by 29.60% to Rs 11.20 crore as compared to Rs 15.91 crore in Q4FY23 on account of steep decrease in steel prices in Q4FY24.
  • Total sales volumes is of 1,07,721 tonnes in Q4FY24 as compared to 1,07,232 tonnes in Q4FY23.
  • EBIDTA increased by 4.71% to Rs 35.34 crore in Q4FY24 as compared to Rs 33.75 crore in Q4FY23. 
  • EBIDTA/ton at Rs 3,280 in FY24 vs Rs 3,147 in FY23, increased by 4.21% YoY.

FY24 Financial Highlights:

  • Revenue from operations increased by 13% to Rs 2,699.29 crore as compared to Rs 2,385.85 crore in FY23.
  • PAT increased by 16.50% to Rs 44.03 crore as compared to Rs 37.79 crore in FY23.
  • Total sales volumes increased by 10% to 3,91,147 tonnes as compared to 3,54,032 tonnes in FY23.
  • EBIDTA increased by 11.29% to Rs 114.86 crore in FY24 as compared to Rs 103.21 crore in FY23.
  • EBIDTA/ton at Rs 2,937 in FY24 vs. Rs 2,915 in FY23, increased by 0.75% YoY. 

Commenting on the performance, Ajay Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes Said, “ In spite of challenging environment due to steep reduction of steel prices, during the quarter the company has achieved ever highest volume of 1.07 lacs mt and yearly volume of 3.91 lacs ton. This further establishes the leadership & branding position of the company. The company is moving towards achievement of vision of One Million Ton bit by bit. Now the installed capacity of the company has increased from 5,80,000 mt to 7,50,000 mt by commencement of commercial production of its green field project at Sanand ( Unit — II) with installed capacity of 1,70,000 mt with size range from 15 nb to 400 nb. Further construction activities at Sikanderabad ( Unit — Ill ) with installed capacity of 150,000 mt is in full swing and will be commenced within this financial year.

In order to increase capacity utilisation the company is further strengthening its sales & marketing team and undertaking many branding activities including wall painting, retailers board, social media, retailer & fabricators meetings etc.

Next financial year 2024-25 has started with a positive sign as steel prices has stabilizes now and further price gap between prime material & secondary material has reduced significantly. It is further expected that after election results boost will come in the infrastructure spending by Government of India which will lead to further spurt in steel pipe demand."

Result PDF

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Hi-Tech Pipes Ltd shares SWOT Analysis

Strengths (2)

  • Company with decreasing Promoter pledge
  • FII / FPI or Institutions increasing their shareholding

Weakness (7)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • Big Deal (Insider and SAST) buys last month greater than 1% of total shares

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 125.8
R2 127.3
R3 128.9
Pivot

124.23

S1 122.7
S2 121.1
S3 119.6
EMA SMA
127.2
130.3
128.5
118.0
127.5
129.2
136.4
114.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-19 162.44 778388 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-19 162.95 778388 NSE
AJAY KUMAR & SONS Bulk Sell 2024-01-17 140 1113912 BSE
Name Category Shares
AJAY KUMAR BANSAL PROMOTER 13.41%
ANISH BANSAL PROMOTER 9.82%
VIPUL BANSAL PROMOTER 8.37%
PARVEEN BANSAL PROMOTER 4.68%
SHWETA BANSAL PROMOTER 1.74%
AKS BUILDCON PRIVATE LIMITED PROMOTER 5.38%
HI-TECH AGROVISION PRIVATE LIMITED PROMOTER 5.15%
GOVIND AGGARWAL PROMOTER 0.95%
GAURAV GOYAL HUF PROMOTER 0.9%
MUKESH MITTAL PROMOTER 0.64%
KRISHAN MITTAL HUF PROMOTER 0.63%
MRINAAL MITTAL PROMOTER 0.63%
NARESH AGGARWAL PROMOTER 0.63%
RENU MITTAL PROMOTER 0.63%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Hi-Tech Pipes Ltd Stocks COMPARISON

Financials( in Cr) Hi-Tech Pipes Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 124.20 915.80 173.30 1,077.70 3,699.75
% Change -1.08 -0.83 -0.60 0.82 0.54
Mcap Cr 1,966.78 223,954.68 216,339.61 109,934.88 71,553.91
Revenue TTM Cr 2,385.85 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 37.68 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 40.57 26.59 87.97 18.52 107.55
1 Year Return 70.60 29.97 65.05 105.22 36.41
ROCE 13.59 8.60 12.10 14.17 33.06
ROE 12.58 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 331.09 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41,960.24 -29,509.50
LAST 3M 102,987.80 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,691.56 126,663.80

Hi-Tech Pipes Ltd Information

Stock PE (TTM)
40.57
Promoter Holding
53.82%
Book Value
40.0978
ROCE
13.59%
ROE
12.58%
Description
  • Hi-Tech Pipes Limited, (formerly known as Ram Lal Harbans Lal Limited) was incorporated in 1985. The status was converted to Public Limited and the Company was renamed to Hi-Tech Pipes Limited in October, 1986. The Company serves Infrastructure, Constructions, Automobiles, Energy, Agriculture, Oil & Gas, Defense, Engineering& Telecom industries. It is a Multi Product company marking its presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures and a variety of other galvanised products. The end uses of these products are in high-rise buildings, metro stations, bridges, dams, refineries, telecom, airports, highways, power projects etc. The Company works with the objective of providing customer satisfaction through superior quality products. From a turnover of US$ 1 million to US$ 100 million, it has transitioned and diversified the business from tubular segment to integrated cold rolling complexes and Continuous galvanizing. With five advanced manufacturing facilities strategically positioned at important customer hubs and near key raw material sources, it hold a dominant position in India`s steel pipe industry. The Company provide a wide variety of innovative and value-added steel pipes and products, such as ERW black steel tubes, Square Hollow Section`s, Rectangular Hollow Section`s, Solar Torque Tubes, GI & GP pipes, Cold Rolled Coils and Strips, Galvanised plain and corrugated sheets, Colour coated coils and metal beam crash barriers and among others The Company commissioned the commercial production at its new state-of-the-art manufacturing facility of ERW steel pipes in Khopoli, Maharashtra, through its wholly owned subsidiary, i.e., HTL Ispat Private Limited in 2021, which is running an installed capacity of 80,000 MTPA. In 2022, it started commercial production of CGL (Continuous Galvanizing Line) and Galvanized Corrugated Roofing Sheets. In 2013, the Company has installed a new hot-dip galvanising facility at its Sikandarabad Plant. It also started the commercial production of Color Coated Coils at Sikendrabad (U.P.) facility with an Installed capacity of 50,000 MTPA .

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543411
NSE Code : HITECH
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 May 22, 2024 03:56 PM the closing price of Hi-Tech Pipes Ltd was Rs.124.20.

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 May 22, 2024 03:56 PM, the market cap of Hi-Tech Pipes Ltd stood at Rs. 1,966.78.

The latest PE ratio of Hi-Tech Pipes Ltd as of May 22, 2024 03:56 PM is 40.57

The latest PB ratio of Hi-Tech Pipes Ltd as of May 22, 2024 03:56 PM is 0.32

The 52-week high of Hi-Tech Pipes Ltd share price is Rs. 170.00 while the 52-week low is Rs. 71.00

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