Flash Finance

Hi-Tech Pipes LimitedHITECHCorporate

Steel - Medium / Small Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹66.14
MCap ₹1,341 Cr · P/E 21.6
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹1,112 Cr
Sales · Jun 2026
+76.2% YoY
₹39 Cr
Operating Profit · Jun 2026
+11.9% YoY
3.5%
OPM % · Jun 2026
-36.4% YoY
₹15 Cr
Net Profit · Jun 2026
-15.1% YoY
₹0.75
EPS · Jun 2026
-14.8% YoY

📝 Hi-Tech Pipes Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Hi-Tech Pipes Limited reported revenue of ₹1,112 crore for the quarter ended June 2026 (Q1 FY27), up 76.2% from ₹631 crore in the same quarter last year, and down 6.5% sequentially over the March 2026 quarter.

Net profit fell 15.1% year-on-year to ₹15 crore, from ₹18 crore. Earnings per share (EPS) came in at ₹0.75.

Operating profit stood at ₹39 crore — an operating margin (OPM) of 3.5%, compared with 5.5% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Hi-Tech Pipes Limited posted revenue of ₹3,443 crore, a growth of 35.0% over FY25, with a net profit of ₹65 crore (up 2.6% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹3,924 crore with a net profit of ₹62 crore.

Valuation snapshot

At the current price of ₹66.14, HITECH has a market capitalisation of ₹1,341 crore and a trailing P/E of about 21.6.

Within the Steel - Medium / Small industry, it is the 21st-largest of the 56 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 43.43%, foreign institutional investors (FIIs) 1.12%, domestic institutional investors (DIIs) 12.84%, public shareholders 42.41% of Hi-Tech Pipes Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹1,341 Cr
Current Price ?
₹66.1
P/E ?
21.64above ind
Industry P/E ?
20.20
P/B ?
1.07
P/S ?
0.34
P/FCF ?
-41.90
Enterprise Value ?
₹1,482 Cr
EV/EBITDA ?
9.85
PEG ?
0.90
Earnings Yield ?
8.4%
Dividend Yield ?
0.04%
Profitability & Returns
Sales (TTM) ?
₹3,924 Cr
OPM ?
3.8%
Profit after tax (TTM) ?
₹62 Cr
EPS (TTM) ?
₹3.06
ROCE ?
9.0%
ROE ?
5.0%
ROA ?
3.5%
Growth
Sales — latest qtr ?
₹1,112 Cr
PAT — latest qtr ?
₹15 Cr
YoY qtr sales growth ?
76.2%
YoY qtr profit growth ?
-15.1%
Sales growth (3y) ?
23%
Sales growth (5y) ?
27%
Profit growth (3y) ?
24%
Profit growth (5y) ?
34%
Financial Health
Debt ?
₹141 Cr
Debt to Equity ?
0.11
Interest Coverage ?
3.1
Current Ratio ?
N/A
Ownership
Promoter holding ?
43.43%
Change in promoter holding ?
-0.54%
Pledged percentage ?
N/A
Market
Return 3 months ?
-22.0%
Return 6 months ?
-25.1%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 4445535206035185657236216345726317219021,1891,112 +76.2% -6.5%
Operating Profit 192816212526353535303537344139 +11.9% -5.5%
Other Income 000100110210001 -40.3% —
Interest 66576131111734610101313 +97.3% -3.8%
Depreciation 3522354451856677 +22.6% -6.8%
Profit Before Tax 1117912168202123862422182120 -15.1% -3.5%
Net Profit 81479126151517161817141615 -15.1% -5.2%
EPS 6.831.070.500.700.910.410.990.870.940.800.880.810.670.790.75 -14.8% -5.1%
OPM % 4.4% 5.1% 3.1% 3.5% 4.8% 4.6% 4.9% 5.6% 5.5% 5.2% 5.5% 5.1% 3.7% 3.4% 3.5% -36.4% +2.9%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹2,550 Cr ₹3,443 Cr ₹3,924 Cr +35.0%
Operating Profit ₹135 Cr ₹146 Cr ₹150 Cr +8.4%
OPM % 5.29% 4.25% 3.83% -19.7%
NPM % 2.47% 1.88% 1.58% -23.9%
Other Income ₹3 Cr ₹1 Cr ₹1 Cr -65.4%
Depreciation ₹32 Cr ₹24 Cr ₹25 Cr -23.8%
Interest ₹63 Cr ₹39 Cr ₹45 Cr -37.6%
EBIT ₹103 Cr ₹122 Cr ₹125 Cr +18.2%
PBT ₹150 Cr ₹85 Cr ₹82 Cr -43.1%
Tax ₹11 Cr ₹11 Cr ₹10 Cr -4.6%
Net Profit ₹63 Cr ₹65 Cr ₹62 Cr +2.6%
EPS ₹3.60 ₹3.15 ₹3.02 -12.5%
Material Cost ₹1,244 Cr ₹1,426 Cr ₹1,899 Cr +14.6%
Employee Cost ₹12 Cr ₹13 Cr ₹13 Cr +2.3%
Extraordinary Items ₹0 Cr ₹0 Cr ₹0 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 13152020 +0.0%
Reserves 3555011,1671,231 +5.5%
Borrowings 180294127141 +11.0%
Other Liabilities 192152276399 +44.6%
Total Liabilities 7409611,5901,791 +12.6%
Fixed Assets 226290312504 +61.5%
CWIP 345715278 -48.7%
Investments 5563 -50.0%
Other Assets 4756091,1201,206 +7.7%
Total Assets 7409611,5901,791 +12.6%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 56-7112087 -27.5%
Cash from Investing Activity -79-125-496-74 +85.1%
Cash from Financing Activity 24196407-25 -106.1%
Net Cash Flow 1031-12 -138.7%
Free Cash Flow -7-171-14-32 -128.6%
CFO/OP 86%-70%99%72% -27.3%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 29393433 -2.9%
Inventory Days 54484954 +10.2%
Days Payable 33223741 +10.8%
Cash Conversion Cycle 49664546 +2.2%
Working Capital Days 27324038 -5.0%
ROCE % 14%11%11%9% -18.2%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 % Chg
Promoters 43.97%43.63%43.63%43.76%43.43%43.43% +0.0%
FIIs 1.70%2.39%1.41%0.81%1.05%1.12% +6.7%
DIIs 16.08%14.51%15.87%16.27%16.17%12.84% -20.6%
Public 38.09%39.28%38.90%38.97%39.15%42.41% +8.3%
Others 0.15%0.20%0.20%0.20%—— —
No. of Shareholders 1,07,8431,04,4101,01,1631,01,47999,5931,02,835 +3.3%

⚖️ Peer comparison

Industry: Steel - Medium / Small · top 25 of 56 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 NSLNISP NMDC Steel ₹42.65 12,499 135.8 13,939 84 10.8% 0.6% 60.4% 102.5% 8.8% 94.3%
2 MAHSEAMLES Maharashtra Seamless ₹713.65 9,563 13.0 4,620 737 15.0% 16.0% -12.0% -9.8% -4.7% 15.7%
3 SUNFLAG Sunflag Iron ₹443.60 7,995 38.8 3,995 206 11.9% 5.1% 11.4% 25.0% 5.5% 4.8%
4 TIIL Technocraft Industries ₹3,180.20 7,210 21.2 2,931 349 18.2% 11.9% 6.3% 11.6% 27.2% 67.3%
5 AEROFLEX Aeroflex Industries ₹499.10 6,605 96.7 503 67 23.4% 13.4% 17.3% 5.6% 73.1% 168.5%
6 MANINDS Man Industries ₹865.65 6,493 31.5 3,875 204 13.7% 5.3% 1.7% 11.4% 41.9% 122.4%
7 GOODLUCK Goodluck India ₹526.15 5,247 8.7 4,404 210 10.0% 4.8% 4.2% 10.1% 30.9% 67.4%
8 BANSALWIRE Bansal Wire ₹308.10 4,823 43.9 4,641 546 6.9% 11.8% 18.6% 276.0% 24.0% 39.2%
9 DEEDEV DEE Development ₹634.65 4,775 54.6 1,213 81 16.9% 6.6% 38.1% 78.8% 31.6% 22.4%
10 KSL Kalyani Steels ₹957.20 4,189 15.8 1,867 264 19.7% 14.2% -6.9% 0.6% 4.9% 10.6%
11 VSSL Vardhman Special ₹398.45 3,852 26.9 1,807 144 10.6% 8.0% -0.5% 31.9% 12.0% 105.9%
12 VENUSPIPES Venus Pipes ₹1,834.60 3,801 36.6 1,211 104 16.3% 8.6% 21.7% 9.2% 16.1% 5.6%
13 JTLIND JTL INDUSTRIES ₹87.38 3,435 28.8 2,314 122 8.2% 5.3% 11.5% 4.4% 32.7% 113.7%
14 RATNAVEER Ratnaveer Precision ₹343.70 2,885 42.6 1,119 67 18.2% 6.0% 19.8% 36.2% 18.9% 20.0%
15 INTERARCH Interarch Building ₹1,700.60 2,860 20.7 1,639 139 11.5% 8.5% 7.3% 28.6% 20.6% 0.9%
16 PENIND Pennar Industries ₹187.68 2,533 17.8 3,645 142 12.4% 3.9% 12.2% 15.7% 2.9% 10.7%
17 RAJRATAN Rajratan Global ₹457.40 2,322 27.9 1,305 83 12.0% 6.4% 23.8% 21.2% 26.1% 17.5%
18 PRAKASH Prakash Industries ₹117.24 2,100 6.7 3,474 313 15.0% 9.0% -13.3% -6.2% -0.5% -21.7%
19 MSPL MSP Steel ₹33.33 1,889 49.7 2,958 38 6.2% 1.3% -2.1% 217.0% 16.2% 22.1%
20 MAHASTEEL Mahamaya Steel ₹1,115.00 1,832 183.1 943 10 2.6% 1.1% 10.1% 26.3% 29.3% 22.6%
21 HITECH Hi-Tech Pipes ₹75.00 1,520 20.3 4,821 75 3.8% 1.6% 36.9% 4.2% 78.5% -4.2%
22 MANAKCOAT Manaksia Coated ₹130.80 1,395 32.3 897 41 9.4% 4.5% 13.2% 164.5% 4.9% 0.7%
23 STEELXIND STEEL EXCHANGE ₹10.36 1,321 40.3 1,029 31 13.0% 3.1% -7.4% 2.6% -10.1% 46.9%
24 MWL Mangalam Worldwide ₹42.77 1,270 22.9 1,292 55 9.5% 4.2% 13.9% 72.1% 13.7% 25.6%
25 KAMDHENU Kamdhenu ₹42.92 1,210 14.1 781 86 12.9% 11.0% 2.1% 30.0% 8.7% 38.1%
❓ Frequently asked questions
What was Hi-Tech Pipes Limited's revenue in Q1 FY27?
Hi-Tech Pipes Limited reported revenue of ₹1,112 crore for the quarter ended June 2026 (Q1 FY27), up 76.2% from ₹631 crore in the same quarter last year, and down 6.5% sequentially over the March 2026 quarter.
What was Hi-Tech Pipes Limited's net profit in Q1 FY27?
Net profit fell 15.1% year-on-year to ₹15 crore, from ₹18 crore. Earnings per share (EPS) came in at ₹0.75.
What is HITECH's market capitalisation and P/E ratio?
At the current price of ₹66.14, HITECH has a market capitalisation of ₹1,341 crore and a trailing P/E of about 21.6.
Who owns Hi-Tech Pipes Limited? (shareholding pattern)
As of Sep 2026, promoters held 43.43%, foreign institutional investors (FIIs) 1.12%, domestic institutional investors (DIIs) 12.84%, public shareholders 42.41% of Hi-Tech Pipes Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI