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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Hi-Tech Pipes Ltd

About the Company - Hi-Tech Pipes Ltd

Hi-Tech Pipes Ltd. is a Public Limited Listed company incorporated on 02/01/1985 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L27202DL1985PLC019750 and registration number is 019750. Currently Company is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company’s Total Operating Revenue is Rs. 1511.89 Cr. and Equity Capital is Rs. 12.27 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Tubes/PipesNo.505, Pearl Omaxe Tower, Netaji Subhash Place, New Delhi Delhi 110034info@hitechpipes.in
http://www.hitechpipes.in
Management
NamePosition Held
Mr. Ajay Kumar BansalChairman & Managing Director
Mr. Anish BansalWhole Time Director
Mr. Vivek GoyalInd. Non-Executive Director
Mr. Prashant Kumar SaxenaInd. Non-Executive Director
Mrs. Neerja KumarInd. Non-Executive Woman Director
Mr. Mukesh Kumar GargInd. Non-Executive Director

Hi-Tech Pipes Ltd. Share Price Update

Share PriceValue
Today₹139.30
Previous Day₹141.40

Basic Stock Data of Hi-Tech Pipes Ltd

Market Cap 2,275 Cr.
Current Price 166
High / Low168/69.3
Stock P/E54.9
Book Value 29.1
Dividend Yield0.02 %
ROCE14.9 %
ROE13.6 %
Face Value 1.00

Data Source: screener.in

Hi-Tech Pipes Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales329302305373350484407457444553520603518
Expenses312288290355332460394438424525504582493
Operating Profit17141518172413181928162125
OPM %5%5%5%5%5%5%3%4%4%5%3%4%5%
Other Income0000011-600010
Interest77566107666576
Depreciation2222222235223
Profit before tax9691091354111791216
Tax %26%22%25%27%27%29%26%25%25%21%25%25%24%
Net Profit657879438147912
EPS in Rs0.580.410.570.630.540.740.290.270.681.070.500.700.88

Hi-Tech Pipes Ltd Quarterly Chart

Hi-Tech Pipes Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3493703834585045918221,1189671,0261,5121,8612,195
Expenses3333523644334725557761,0639239751,4381,7822,105
Operating Profit16171925323646544451747990
OPM %5%5%5%6%6%6%6%5%5%5%5%4%4%
Other Income10111321111-52
Interest11121215172023232425272525
Depreciation333466345771112
Profit before tax3348101321291620413854
Tax %35%34%36%34%35%33%32%36%14%25%27%23%
Net Profit22356915181415302941
EPS in Rs4.154.400.821.310.630.851.411.701.281.342.432.263.15
Dividend Payout %0%0%0%8%8%3%2%1%2%0%2%1%

Hi-Tech Pipes Ltd Profit & Loss Yearly Chart

Hi-Tech Pipes Ltd Growth

Compounded Sales Growth
10 Years:18%
5 Years:18%
3 Years:24%
TTM:23%
Compounded Profit Growth
10 Years:32%
5 Years:18%
3 Years:34%
TTM:39%
Stock Price CAGR
10 Years:%
5 Years:56%
3 Years:71%
1 Year:83%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:13%
Last Year:14%

Hi-Tech Pipes Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0034101010111111121313
Reserves28303344566587113139158204268386
Borrowings8195113111142151188189239212259180224
Other Liabilities66647657719270837372106279187
Total Liabilities175189225215279317355396463453581740810
Fixed Assets25272943556796129134145180226224
CWIP4578731222129283467
Investments0000033333355
Other Assets146157189164218245245261304275370475513
Total Assets175189225215279317355396463453581740810

Hi-Tech Pipes Ltd Reserves and Borrowings Chart

Hi-Tech Pipes Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 22-226139552376756
Cash from Investing Activity -10-6-8-19-19-28-34-31-31-27-41-85
Cash from Financing Activity 8411-723-1229-2028-493530
Net Cash Flow00115-2-00-0-001

Hi-Tech Pipes Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days585768424948353143303029
Inventory Days736979628581614358544854
Days Payable525154363137172123192133
Cash Conversion Cycle7976946810292785378655849
Working Capital Days778699809880745377625545
ROCE %14%13%12%14%15%15%17%17%12%12%16%15%

Hi-Tech Pipes Ltd Financial Efficiency Indicators Chart

Hi-Tech Pipes Ltd Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters59.19%59.31%59.32%59.32%59.32%56.87%55.58%55.27%55.63%
FIIs0.01%0.01%0.01%0.01%0.57%1.06%0.81%0.34%0.08%
DIIs0.00%0.00%0.16%0.16%0.00%5.08%4.97%4.82%7.45%
Public40.81%40.69%40.51%40.51%40.12%36.97%38.65%39.57%36.84%
No. of Shareholders5,8635,6645,6515,6525,7059,07619,01029,57539,283

Hi-Tech Pipes Ltd Shareholding Pattern Chart

No. of Hi-Tech Pipes Ltd Shareholders

Hi-Tech Pipes Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
ITI Small Cap Fund17815471.1318.62
ITI Multi Cap Fund7343821.177.67
ITI ELSS Tax Saver Fund2000001.012.09

Hi-Tech Pipes Ltd ROCE Trend

Hi-Tech Pipes Ltd EPS Trend

Hi-Tech Pipes Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.0010.0010.0010.0010.00
Basic EPS (Rs.)3.0633.7720.8518.8525.79
Diluted EPS (Rs.)2.1833.7018.9618.8524.42
Cash EPS (Rs.)4.0340.7427.7724.6730.52
Book Value[Excl.RevalReserv]/Share (Rs.)32.71210.75183.11158.89137.16
Book Value[Incl.RevalReserv]/Share (Rs.)32.71210.75183.11158.89137.16
Revenue From Operations / Share (Rs.)186.671531.121196.341107.091271.29
PBDIT / Share (Rs.)8.2582.6863.8955.3571.16
PBIT / Share (Rs.)7.1774.8056.4749.3366.20
PBT / Share (Rs.)3.9045.0827.6621.8438.30
Net Profit / Share (Rs.)2.9532.8620.3518.6625.56
NP After MI And SOA / Share (Rs.)2.9532.8620.3518.6625.56
PBDIT Margin (%)4.425.395.344.995.59
PBIT Margin (%)3.844.884.714.455.20
PBT Margin (%)2.092.942.311.973.01
Net Profit Margin (%)1.572.141.701.682.01
NP After MI And SOA Margin (%)1.572.141.701.682.01
Return on Networth / Equity (%)9.0115.5911.1111.7418.63
Return on Capital Employeed (%)17.0521.5518.7019.5130.60
Return On Assets (%)4.115.243.803.595.41
Long Term Debt / Equity (X)0.220.560.560.510.48
Total Debt / Equity (X)0.561.411.441.701.76
Asset Turnover Ratio (%)2.832.752.012.002.65
Current Ratio (X)1.461.431.371.231.20
Quick Ratio (X)0.640.670.640.610.64
Inventory Turnover Ratio (X)7.387.755.816.057.19
Dividend Payout Ratio (NP) (%)1.620.001.190.001.17
Dividend Payout Ratio (CP) (%)1.190.000.870.000.98
Earning Retention Ratio (%)98.380.0098.810.0098.83
Cash Earning Retention Ratio (%)98.810.0099.130.0099.02
Interest Coverage Ratio (X)2.992.782.222.012.55
Interest Coverage Ratio (Post Tax) (X)2.252.111.711.681.92
Enterprise Value (Cr.)1240.90964.17723.22355.43485.89
EV / Net Operating Revenue (X)0.520.510.530.290.35
EV / EBITDA (X)11.779.5010.105.886.38
MarketCap / Net Operating Revenue (X)0.430.320.330.060.17
Retention Ratios (%)98.370.0098.800.0098.82
Price / BV (X)2.462.382.170.451.66
Price / Net Operating Revenue (X)0.430.320.330.060.17
EarningsYield0.030.060.050.250.11

Hi-Tech Pipes Ltd Profitability Ratios (%)

Hi-Tech Pipes Ltd Liquidity Ratios

Hi-Tech Pipes Ltd Liquidity Ratios (%)

Hi-Tech Pipes Ltd Interest Coverage Ratios (%)

Hi-Tech Pipes Ltd Valuation Ratios

Fair Value of Hi-Tech Pipes Ltd Stock

Fair Value: ₹217.32

The stock is undervalued by 30.91% compared to the current price ₹166

*Investments are subject to market risks

Strength and Weakness of Hi-Tech Pipes Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (342.31 cr) and profit (20.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 50.79 and average Dividend Yield of 4.62%.
  2. The stock has a low average ROCE of 14.33%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 73.83, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 74.33, which may not be favorable.
  5. The company has higher borrowings (168.00) compared to reserves (123.92), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hi-Tech Pipes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE