Hi-Tech Pipes
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Hi-Tech Pipes Limited's recent performance and outlook are shaped by a stable competitive position and a favorable industry environment. Management's commentary indicates a focus on maintaining revenue growth despite a moderation in pace, reflecting the company's adaptability in a dynamic market. The infrastructure and construction sectors are driving demand, with the pipes industry projected to grow at a CAGR of approximately 8%. This growth is supported by improving pricing power, which is expected to enhance margins from a historical 9.02% to 11.28%. Vista's financial outlook aligns with these developments, forecasting stable margins and a strong balance sheet, which underpins a contrarian buy valuation. The expected upside of 0.27% over the next 12 months, with a target price of ₹118.12, reflects confidence in Hi-Tech's long-term growth potential. Macro conditions in India, characterized by robust manufacturing activity and favorable liquidity, further bolster this outlook. Over the next 12-24 months, key opportunities lie in urban development and renewable energy sectors, while watchpoints include potential fluctuations in crude oil prices and currency exchange rates that could impact costs and margins
Why We Like This Stock
Things To Watch Out For
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 2,699 | 3,068 | 4,200 | 4,929 | 5,410 |
| Profit Before Tax (Cr.) | 59 | 98 | 101 | 89 | 105 |
| PBT Margin | 2.2% | 3.2% | 240.5% | 1.8% | 2.0% |
| Net Profit (Cr.) | 47 | 78 | 81 | 71 | 84 |
| Earnings Per Share | 2.3 | 3.8 | 4.0 | 3.5 | 4.2 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
Show Company Profile
Hi-Tech Pipes Limited manufactures and sells steel in India. The company provides mild steel hollow section ERW steel pipes, mild steel round pipes, GI pipes, pre-galvanized steel pipes, crash barriers, cold rolled coils and strips, and coated coils and roofing sheets. It also offers hot rolled, pickled and oiled, cold rolled close annealed, cold rolled full hard, and BP sheets coil and strip products, as well as casing pipes for borewells. In addition, the company provides HR coil pipes, metal beam crash barriers, color-coated roofing sheets, and GC roofing sheets. It also exports its products. The company was formerly known as Ram Lal Harbans Lal Limited and changed its name to Hi-Tech Pipes Limited in October 1986. Hi-Tech Pipes Limited was incorporated in 1985 and is headquartered in New Delhi, India.