Hi-Tech Pipes
Market Cap
₹3.8b
Last Updated
2021/03/06 12:21 UTC
Data Sources
Company Financials
Executive Summary
Hi-Tech Pipes Limited manufactures and sells steel products for infrastructure, construction, agriculture, and other industries in India. More Details
Risk Analysis
Snowflake Analysis
Mediocre balance sheet with questionable track record.
Similar Companies
Share Price & News
How has Hi-Tech Pipes's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HITECH is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: HITECH's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.
Market Performance
7 Day Return
6.9%
HITECH
2.4%
IN Metals and Mining
3.4%
IN Market
1 Year Return
166.3%
HITECH
89.9%
IN Metals and Mining
41.0%
IN Market
Return vs Industry: HITECH exceeded the Indian Metals and Mining industry which returned 87.9% over the past year.
Return vs Market: HITECH exceeded the Indian Market which returned 38.3% over the past year.
Shareholder returns
| HITECH | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.9% | 2.4% | 3.4% |
| 30 Day | 36.3% | 14.6% | 5.6% |
| 90 Day | 89.4% | 28.2% | 16.1% |
| 1 Year | 166.8%166.3% | 99.7%89.9% | 43.5%41.0% |
| 3 Year | -6.6%-7.0% | 23.0%7.8% | 29.3%22.7% |
| 5 Year | n/a | 191.2%135.8% | 93.7%78.6% |
Long-Term Price Volatility Vs. Market
How volatile is Hi-Tech Pipes's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Can Hi-Tech Pipes Limited's (NSE:HITECH) ROE Continue To Surpass The Industry Average?1 month ago | Simply Wall St
How Many Hi-Tech Pipes Limited (NSE:HITECH) Shares Did Insiders Buy, In The Last Year?2 months ago | Simply Wall St
We're Watching These Trends At Hi-Tech Pipes (NSE:HITECH)Valuation
Is Hi-Tech Pipes undervalued compared to its fair value and its price relative to the market?
18.72x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HITECH (₹353) is trading above our estimate of fair value (₹64.42)
Significantly Below Fair Value: HITECH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HITECH is poor value based on its PE Ratio (18.9x) compared to the IN Metals and Mining industry average (16.6x).
PE vs Market: HITECH is poor value based on its PE Ratio (18.9x) compared to the Indian market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HITECH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HITECH is overvalued based on its PB Ratio (2.1x) compared to the IN Metals and Mining industry average (1.1x).
Next Steps
Future Growth
How is Hi-Tech Pipes forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.2%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hi-Tech Pipes has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of HITECH’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Hi-Tech Pipes competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Hi-Tech Pipes performed over the past 5 years?
10.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HITECH has high quality earnings.
Growing Profit Margin: HITECH's current net profit margins (1.6%) are lower than last year (1.9%).
Past Earnings Growth Analysis
Earnings Trend: HITECH's earnings have grown by 10.2% per year over the past 5 years.
Accelerating Growth: HITECH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HITECH had negative earnings growth (-16.1%) over the past year, making it difficult to compare to the Metals and Mining industry average (-9.8%).
Return on Equity
High ROE: HITECH's Return on Equity (11.3%) is considered low.
Next Steps
Financial Health
How is Hi-Tech Pipes's financial position?
Financial Position Analysis
Short Term Liabilities: HITECH's short term assets (₹3.5B) exceed its short term liabilities (₹2.8B).
Long Term Liabilities: HITECH's short term assets (₹3.5B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: HITECH's debt to equity ratio (180.4%) is considered high.
Reducing Debt: HITECH's debt to equity ratio has reduced from 217.8% to 180.4% over the past 5 years.
Debt Coverage: HITECH's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: HITECH's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Next Steps
Dividend
What is Hi-Tech Pipes's current dividend yield, its reliability and sustainability?
0.071%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HITECH's dividend (0.07%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.42%).
High Dividend: HITECH's dividend (0.07%) is low compared to the top 25% of dividend payers in the Indian market (1.76%).
Stability and Growth of Payments
Stable Dividend: HITECH is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.
Growing Dividend: HITECH is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: HITECH is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HITECH's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average board tenure
CEO
Ajay Bansal (63 yo)
8.42yrs
Tenure
₹9,600,000
Compensation
Mr. Ajay Kumar Bansal serves as the Chairman of Hi-Tech Pipes Limited and has been its Managing Director since October 1, 2012. Mr. Bansal has more than 35 years of experience in manufacturing of Steel Pip...
CEO Compensation Analysis
Compensation vs Market: Ajay's total compensation ($USD131.96K) is above average for companies of similar size in the Indian market ($USD42.18K).
Compensation vs Earnings: Ajay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 8.42yrs | ₹9.60m | 41.08% ₹ 1.6b | |
| Whole-Time Director | 12.08yrs | ₹6.00m | 9.76% ₹ 373.2m | |
| Non-Executive Independent Director | 3.08yrs | ₹120.00k | no data | |
| Non-Executive Independent Director | 3.08yrs | ₹120.00k | no data | |
| Non-Executive Independent Director | 1.17yrs | ₹30.00k | no data |
3.1yrs
Average Tenure
Experienced Board: HITECH's board of directors are considered experienced (3.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.
Top Shareholders
Company Information
Hi-Tech Pipes Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hi-Tech Pipes Limited
- Ticker: HITECH
- Exchange: NSEI
- Founded: 1985
- Industry: Steel
- Sector: Materials
- Market Cap: ₹3.823b
- Shares outstanding: 10.93m
- Website: https://www.hitechpipes.in
Number of Employees
Location
- Hi-Tech Pipes Limited
- 505, Pearls Omaxe Tower
- Netaji Subhash Place
- New Delhi
- Delhi
- 110034
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HITECH | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Mar 2016 |
Biography
Hi-Tech Pipes Limited manufactures and sells steel products for infrastructure, construction, agriculture, and other industries in India. It offers steel pipes and tubes used in fencing, line pipes, scaffo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 12:21 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.