HI-TECH PIPES LIMITED

BSE: HITECH543411ISIN INE106T01025

Industrials
Iron & Steel Products
BSE Industrials

Share price

₹77.14+2.56 (+3.43%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹114.45
52W low: ₹62.02
Off 52W high: -32.60%
1M return: +10.06%
3M return: -9.60%
6M return: -15.99%
1Y return: -30.85%
20D avg volume: 51,021
50 DMA: ₹73.42
200 DMA: ₹81.94

Key ratios Consolidated

Market cap: ₹1,567 Cr
Current price: ₹77.14
52W high / low: ₹114.45 / ₹62.02
Face value: ₹1.00
P/E: 20.81
P/B: 1.17
EPS (TTM): ₹3.71
Book value / share: ₹65.65
ROE: —
ROCE: 10.20%
Operating margin: —
Net margin: —
Debt / equity: 0.20
Net debt: ₹245.85 Cr
Interest cover: 3.13
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 56.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,413	1,480	1,070	858.77	791.36	733.74	761.01	705.90	866.98	681.03	630.10	746.00
	0.56	0.26	0.25	1.15	0.93	0.01	0.38	0.97	0.53	0.27	0.44	0.73
	1,413	1,481	1,070	859.91	792.29	733.75	761.40	706.87	867.51	680.76	630.54	746.73
	1,387	1,457	1,047	832.85	764.32	709.67	735.81	682.55	843.51	665.89	611.55	732.69
	1,053	1,033	684.16	706.98	693.70	599.06	616.36	655.65	716.88	599.07	543.62	585.27
	280.45	421.32	310.12	74.41	35.16	75.12	59.99	6.67	98.87	15.12	29.58	87.17
	9.24	9.43	9.07	8.76	8.48	7.59	8.82	8.25	8.53	9.22	7.30	7.47
	15.67	15.73	12.25	11.77	7.82	6.60	8.77	13.56	14.08	14.26	9.27	10.39
	7.79	7.61	6.67	6.64	6.17	4.25	6.26	5.28	5.13	5.94	3.75	3.06
	26.37	24.10	25.90	24.08	23.07	14.10	27.64	24.58	24.34	27.62	22.48	22.50
	26.48	23.22	23.21	27.07	27.97	24.08	25.59	24.31	24.00	14.87	18.99	14.04
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.48	23.22	23.21	27.07	27.97	24.08	25.59	24.31	24.00	14.87	18.99	14.04
	6.44	5.62	5.82	6.81	7.05	6.45	6.44	6.20	5.95	3.74	4.67	3.51
	20.04	17.60	17.39	20.26	20.92	17.63	19.15	18.11	18.05	11.12	14.33	10.53
	0.99	1.78	0.84	1.01	1.04	0.95	1.08	1.10	1.16	0.84	1.09	0.81
Key metrics
	49.94	46.56	42.13	45.48	41.96	34.93	40.62	43.15	43.21	35.07	32.01	27.49
	3.50%	3.10%	3.90%	5.30%	5.30%	4.80%	5.30%	6.10%	5.00%	5.10%	5.10%	3.70%
	1.40%	1.20%	1.60%	2.40%	2.60%	2.40%	2.50%	2.60%	2.10%	1.60%	2.30%	1.40%
	—	2.70%	—	2.80%	—	2.30%	—	—	—	—	—	—
	78.50%	101.80%	40.50%	21.70%	-8.70%	7.70%	20.80%	-5.40%	—	—	—	—
	-4.20%	-0.20%	-9.20%	11.90%	15.90%	58.50%	33.60%	72.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	4,822	4,200	3,068	2,699	2,386	1,879
	2.22	2.59	1.89	1.18	2.26	0.94
	4,824	4,203	3,070	2,700	2,388	1,880
	4,724	4,101	2,972	2,642	2,332	1,824
	3,477	3,118	2,588	2,255	2,090	1,735
	1,086	841.01	240.65	191.19	100.55	2.50
	36.50	35.74	33.19	31.46	26.40	21.99
	55.42	47.57	43.01	41.86	35.30	36.47
	28.71	27.10	20.92	15.49	13.77	9.66
	100.45	97.15	90.66	90.46	81.91	57.07
	99.98	101.47	97.99	58.69	56.40	55.32
	0.00	0.00	0.00	0.00	-6.51	0.00
	99.98	101.47	97.99	58.69	49.88	55.32
	24.69	25.31	25.04	14.76	12.20	15.00
	75.29	76.16	72.95	43.93	37.68	40.33
	4.62	7.54	3.98	3.30	3.06	33.77
Key metrics
	184.11	176.14	161.92	116.04	98.95	101.45
	3.82%	4.20%	5.30%	4.30%	4.10%	5.40%
	1.56%	1.80%	2.40%	1.60%	1.60%	2.10%
	—	10.20%	10.70%	—	—	—
	61.15%	36.90%	13.60%	13.10%	27.00%	—
	-0.69%	4.40%	66.10%	16.60%	-6.60%	—
	—	-148.46	-120.08	—	—	—
	—	0.04	0.96	—	—	—
	—	0.20	0.14	—	—	—
	—	245.85	143.30	—	—	—
	—	56.2	52.0	—	—	—
Balance sheet
	—	2,024	1,756	—	—	—
	—	1,211	1,044	—	—	—
	—	21.66	35.82	—	—	—
	—	448.96	302.69	—	—	—
	—	565.58	384.26	—	—	—
	—	109.72	174.27	—	—	—
	—	615.53	392.18	—	—	—
	—	367.89	249.74	—	—	—
	—	558.78	437.84	—	—	—
	—	267.51	179.12	—	—	—
	—	175.86	153.65	—	—	—
	—	91.65	25.47	—	—	—
	—	1,333	1,257	—	—	—
Cash flow
	—	3.32	69.83	—	—	—
	—	-40.61	-390.07	—	—	—
	—	23.13	353.73	—	—	—
	—	151.78	189.91	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,112	1,189	901.71	721.21	631.17	571.53	633.93	621.28	723.44	565.49	518.19	603.49
	0.53	0.38	0.25	0.32	0.89	0.04	0.14	0.93	0.53	0.27	0.44	0.69
	1,113	1,189	901.96	721.53	632.06	571.57	634.08	622.21	723.97	565.22	518.63	604.18
	1,093	1,168	883.54	699.45	608.20	549.57	611.37	601.58	703.55	557.35	502.73	591.91
	937.48	724.82	539.61	591.59	541.18	445.24	503.30	584.53	582.29	491.00	451.58	448.95
	111.50	421.32	310.12	74.41	35.16	75.12	59.99	6.67	98.87	15.12	29.58	87.16
	7.10	8.27	6.24	6.55	6.41	6.10	6.09	6.21	6.27	7.00	5.53	5.44
	12.51	13.23	9.78	9.55	6.34	4.62	6.87	11.21	11.09	12.70	6.33	7.30
	6.52	6.82	5.75	5.74	5.32	3.85	5.17	4.50	4.44	5.22	3.13	2.41
	22.13	25.03	20.48	17.63	18.13	10.85	21.85	20.38	19.55	23.19	18.80	17.64
	20.26	21.38	18.42	22.08	23.86	22.01	22.71	20.63	20.41	7.87	15.90	12.26
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	20.26	21.38	18.42	22.08	23.86	22.01	22.71	20.63	20.41	7.87	15.90	12.26
	5.10	5.38	4.64	5.56	6.00	5.71	6.11	5.28	5.05	1.74	3.88	3.09
	15.16	16.00	13.78	16.52	17.85	16.30	16.60	15.35	15.37	6.13	12.02	9.17
	0.75	0.81	0.67	0.82	0.88	0.88	0.94	0.93	0.99	0.46	0.91	0.70
Key metrics
	39.29	41.43	33.95	37.37	35.52	30.48	34.75	36.34	35.94	25.79	25.36	21.97
	3.50%	3.50%	3.80%	5.20%	5.60%	5.30%	5.50%	5.80%	5.00%	4.60%	4.90%	3.60%
	1.40%	1.30%	1.50%	2.30%	2.80%	2.90%	2.60%	2.50%	2.10%	1.10%	2.30%	1.50%
	—	2.60%	—	2.50%	—	2.20%	—	—	—	—	—	—
	76.20%	108.00%	42.20%	16.10%	-12.80%	1.10%	22.30%	2.90%	—	—	—	—
	-15.10%	-1.80%	-17.00%	7.60%	16.10%	165.90%	38.10%	67.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,924	3,443	2,550	2,207	1,861	1,512
	1.48	1.83	1.64	1.12	1.98	0.94
	3,925	3,445	2,552	2,209	1,863	1,513
	3,843	3,359	2,466	2,164	1,818	1,472
	2,794	2,397	2,115	1,816	1,614	1,398
	917.35	841.01	240.65	191.19	100.55	2.51
	28.16	27.47	24.68	23.66	19.12	16.27
	45.07	38.90	33.78	31.63	25.32	26.91
	24.83	23.63	17.97	12.87	11.28	7.20
	85.27	81.28	72.64	74.08	65.68	47.41
	82.14	85.74	85.76	44.83	44.27	40.92
	0.00	0.00	0.00	—	-6.51	—
	82.14	85.74	85.76	44.83	37.75	40.92
	20.68	21.58	22.14	10.94	8.85	11.05
	61.46	64.16	63.63	33.90	28.90	29.87
	3.05	3.18	3.47	2.55	2.35	25.01
Key metrics
	152.04	148.27	137.51	89.33	74.35	75.03
	3.87%	4.30%	5.40%	4.00%	4.00%	5.00%
	1.57%	1.90%	2.50%	1.50%	1.60%	2.00%
	—	9.30%	9.80%	—	—	—
	59.64%	35.00%	15.50%	18.60%	23.10%	—
	-7.02%	0.80%	87.70%	17.30%	-3.20%	—
	—	-31.93	-14.31	—	—	—
	—	1.35	1.88	—	—	—
	—	0.09	0.10	—	—	—
	—	95.10	87.14	—	—	—
	—	45.4	44.3	—	—	—
Balance sheet
	—	1,791	1,590	—	—	—
	—	902.40	832.98	—	—	—
	—	19.92	32.20	—	—	—
	—	314.08	234.23	—	—	—
	—	468.37	309.93	—	—	—
	—	34.70	109.80	—	—	—
	—	479.94	311.45	—	—	—
	—	354.32	235.03	—	—	—
	—	456.78	371.62	—	—	—
	—	115.02	119.34	—	—	—
	—	89.55	117.58	—	—	—
	—	25.47	1.76	—	—	—
	—	1,251	1,187	—	—	—
Cash flow
	—	86.67	119.59	—	—	—
	—	-73.80	-495.93	—	—	—
	—	-25.15	406.88	—	—	—
	—	118.60	133.90	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +22.77%
Sales CAGR 5Y: —
Profit CAGR 3Y: +30.45%
Profit CAGR 5Y: —
Sales YoY (TTM): +59.64%
Profit YoY (TTM): -7.02%

Consolidated

Sales CAGR 3Y: +20.75%
Sales CAGR 5Y: —
Profit CAGR 3Y: +26.44%
Profit CAGR 5Y: —
Sales YoY (TTM): +61.15%
Profit YoY (TTM): -0.69%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 43.42%

Quarter	September 2026	June 2026
Promoter %	43.42%	43.42%

Holder	Type	Holding	Previous	Change
AJAY KUMAR BANSAL	Promoter	10.57%	10.57%	0.00%
BANDHAN SMALL CAP FUND	Public	9.38%	9.33%	+0.05%
ANISH BANSAL	Promoter	7.71%	7.71%	0.00%
VIPUL BANSAL	Promoter Group	6.53%	6.53%	0.00%
AKS BUILDCON PRIVATE LIMITED	Promoter Group	4.19%	4.19%	0.00%
HI-TECH AGROVISION PRIVATE LIMITED	Promoter Group	4.02%	4.02%	0.00%
PARVEEN BANSAL	Promoter Group	3.65%	3.65%	0.00%
PENANG ENTERPRISES PRIVATE LIMITED	Public	1.51%	1.51%	0.00%
SHWETA BANSAL	Promoter Group	1.36%	1.36%	0.00%
THE WEALTH COMPANY ALTERNATES TRUST-BHARAT VALUE FUND	Public	1.33%	1.33%	0.00%
SAURABH GOYAL & SONS HUF	Promoter Group	0.74%	0.74%	0.00%
GOVIND AGGARWAL	Promoter Group	0.74%	0.74%	0.00%
GOVIND AGGARWAL HUF	Promoter Group	0.69%	0.69%	0.00%
MRINAAL MITTAL	Promoter Group	0.49%	0.49%	0.00%
RENU MITTAL	Promoter Group	0.49%	0.49%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
HI-TECH PIPES LIMITED	1,567	77.14	20.81	10.20%	+61.15% TTM	-0.69% TTM	-30.85%

Filings & corporate actions

Recent announcements

Intimation of Earnings Conference Call on Financial Performance of the Company for the Quarter and Half year ended September 30, 20262 Nov 2026 · Company Update / Analyst / Investor Meet
Hi-Tech Pipes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Intimation of Board Meeting for ....28 Oct 2026 · Board Meeting / Board Meeting
UPDATE ON CREDIT RATING22 Oct 2026 · Company Update / Credit Rating
Intimation of Credit Rating17 Oct 2026 · Company Update / Credit Rating
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 202613 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
HIGHEST EVER SALES VOLUME Q2H1FY275 Oct 2026 · Company Update / Press Release / Media Release
AGM Voting Results29 Sep 2026 · AGM/EGM / AGM
Proceeding of 42nd AGM 29 September 202628 Sep 2026 · AGM/EGM / AGM
Closure Of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Revised Annual Report 2025-2615 Sep 2026 · Others / Reg. 34 (1) Annual Report
News Paper Publication8 Sep 2026 · Company Update / Newspaper Publication
Annual Report FY 2025-20263 Sep 2026 · Others / Reg. 34 (1) Annual Report
NOTICE OF 42ND AGM OF THE COMPANY3 Sep 2026 · AGM/EGM / AGM
42nd AGM Notice3 Sep 2026 · AGM/EGM / AGM
Predispatch Newspaper Publication for AGM of the Company3 Sep 2026 · Company Update / Newspaper Publication
Concall Transcript Q1FY2717 Aug 2026 · Company Update / Analyst / Investor Meet
Statement of Deviation or Variation for the Quarter ended June 30, 202614 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Monitoring Agency Report w.r.t. the utilization of Qualified Institutional Placement ("QIP") proceeds for the Quarter ended June 30, 202614 Aug 2026 · Company Update / Monitoring Agency Report
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vipul Bansal & Others14 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Audio Recording Link of Earning Conference Call w.r.t. Un-audited Financial Results for the Quarter ended June 30, 202613 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication w.r.t. Un-audited Financial Results for the Quarter ended June 30, 202613 Aug 2026 · Company Update / Newspaper Publication
Investor Presentation w.r.t. the Un-audited Financial Results for the Quarter ended June 30, 202612 Aug 2026 · Company Update / Investor Presentation
Press Release on Un-audited Financial Results of the Company for the Quarter ended June 30, 202612 Aug 2026 · Company Update / Press Release / Media Release
Un-audited Financial Results (Consolidated and Standalone) for the Quarter ended June 30, 202612 Aug 2026 · Result / Financial Results
Un-audited Financial Results (Standalone and Consolidated) for the Quarter ended June 30, 202612 Aug 2026 · Board Meeting / Outcome of Board Meeting
Q1FY27 EARNING CONFERENCE CALL10 Aug 2026 · Company Update / Analyst / Investor Meet
Hi-Tech Pipes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve Intimation of Board Meeting for ....5 Aug 2026 · Board Meeting / Board Meeting
Intimation for allotment of 9000000 Convertible Equity Warrants on Preferential Basis to the persons belonging to the Promoter Group Category31 Jul 2026 · Company Update / Allotment of Equity Shares
Intimation for allotment of 9000000 Convertible Equity Warrants on Preferential Basis to the persons belonging to the Promoter Group Category31 Jul 2026 · Company Update / Allotment of Equity Shares
Hi-Tech Pipes Limited has submitted certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended June 30, 202610 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
HIGHEST EVER QUARTERLY SALES VOLUME3 Jul 2026 · Company Update / Press Release / Media Release
General Update1 Jul 2026 · Company Update / General
Hi-Tech Pipes Limited has submitted with the exchange Consolidated Scrutinizer''s Report and Voting Results w.r.t. Postal Ballot Notice dated 28th May, 202629 Jun 2026 · AGM/EGM / Postal Ballot
Closure of Trading Window for declaration of Un-Audited Financial Results (Standalone and Consolidated both)for the Quarter ending June 30, 202624 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Hi-Tech Pipes Limited has informed the Exchange about copy of Newspaper Publication9 Jun 2026 · Company Update / Newspaper Publication
Hi-Tech Pipes Limited has informed the Exchange regarding Corrigendum to Notice of Postal Ballot dated May 28, 20268 Jun 2026 · AGM/EGM / Postal Ballot
Transcript of Earnings Conference Call held on May 28, 2026 w.r.t. Financial Results for the Quarter and Year ended March 31, 20263 Jun 2026 · Company Update / Analyst / Investor Meet
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund2 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund2 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund2 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.0250	19 Sep 2025	20 Sep 2025	—
Final Dividend - Rs. - 0.0250	13 Sep 2024	14 Sep 2024	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results