Hi-Tech Pipes
Market Cap
₹1.9b
Last Updated
2019/08/20 12:55 UTC
Data Sources
Company Financials
Executive Summary
Hi-Tech Pipes Limited manufactures and sells steel products in India.
Snowflake
Fundamentals
Proven track record with mediocre balance sheet.
Risks
- Hi-Tech Pipes has significant price volatility in the past 3 months.
- Hi-Tech Pipes is not covered by any analysts.
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
Market Performance
7 Day Return
-3.3%
NSEI:HITECH
-0.2%
IN Metals and Mining
0.4%
IN Market
1 Year Return
-39.7%
NSEI:HITECH
-33.5%
IN Metals and Mining
-13.4%
IN Market
HITECH underperformed the Metals and Mining industry which returned -32.4% over the past year.
HITECH underperformed the Market in India which returned -12.8% over the past year.
Share holder returns
| HITECH | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | -0.2% | 0.4% |
| 30 Day | -21.7% | -13.0% | -3.7% |
| 90 Day | -40.2% | -18.1% | -7.4% |
| 1 Year | -39.7%-39.7% | -30.8%-33.5% | -11.7%-13.4% |
| 3 Year | n/a | 4.0%-7.2% | 18.7%12.4% |
| 5 Year | n/a | -9.2%-24.0% | 37.5%24.5% |
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
1 week ago | Simply Wall St
Did Changing Sentiment Drive Hi-Tech Pipes's (NSE:HITECH) Share Price Down By 41%?4 weeks ago | Simply Wall St
What Is Hi-Tech Pipes's (NSE:HITECH) P/E Ratio After Its Share Price Tanked?1 month ago | Simply Wall St
Do Insiders Own Lots Of Shares In Hi-Tech Pipes Limited (NSE:HITECH)?Valuation
Is Hi-Tech Pipes undervalued based on future cash flows and its price relative to the stock market?
6.72x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Hi-Tech Pipes's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Hi-Tech Pipes's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Hi-Tech Pipes is good value based on earnings compared to the IN Metals and Mining industry average.
Hi-Tech Pipes is good value based on earnings compared to the India market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Hi-Tech Pipes, we can't assess if its growth is good value.
Price Based on Value of Assets
Hi-Tech Pipes is overvalued based on assets compared to the IN Metals and Mining industry average.
Next Steps
Future Growth
How is Hi-Tech Pipes expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
0.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Unable to determine if Hi-Tech Pipes is high growth as no revenue estimate data is available.
Hi-Tech Pipes's earnings are expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
Unable to compare Hi-Tech Pipes's revenue growth to the India market average as no estimate data is available.
Hi-Tech Pipes's earnings growth is positive but not above the India market average.
Hi-Tech Pipes's earnings growth is positive but not above the low risk savings rate of 7.6%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Hi-Tech Pipes will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Hi-Tech Pipes performed over the past 5 years?
32.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Hi-Tech Pipes has delivered over 20% year on year earnings growth in the past 5 years.
Hi-Tech Pipes's 1-year earnings growth is less than its 5-year average (19.7% vs 32.1%)
Hi-Tech Pipes's earnings growth has exceeded the IN Metals and Mining industry average in the past year (19.7% vs 10.1%).
Return on Equity
Hi-Tech Pipes has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Hi-Tech Pipes used its assets more efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
Return on Capital Employed
Hi-Tech Pipes has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Hi-Tech Pipes's financial position?
Financial Position Analysis
Hi-Tech Pipes is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Hi-Tech Pipes's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Hi-Tech Pipes's level of debt (175.9%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (284.9% vs 175.9% today).
Operating cash flow is negative therefore debt is not well covered.
Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1.3x debt.
Next Steps
Dividend
What is Hi-Tech Pipes's current dividend yield, its reliability and sustainability?
0.14%
Current Dividend Yield
Dividend Yield and Payments Analysis
Hi-Tech Pipes's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.63%).
Hi-Tech Pipes's dividend is below the markets top 25% of dividend payers in India (2.51%).
Hi-Tech Pipes is not paying a notable dividend for India, therefore no need to check if the payments are stable.
Hi-Tech Pipes is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to Shareholders
No need to calculate the sustainability of Hi-Tech Pipes's dividends as it is not paying a notable one for India.
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Hi-Tech Pipes's salary, the management and board of directors tenure and is there insider trading?
1.5yrs
Average board tenure
CEO
Ajay Bansal (62yo)
6.8yrs
Tenure
₹6,000,000
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
Ajay's remuneration is higher than average for companies of similar size in India.
Ajay's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
Board Age and Tenure
1.5yrs
Average Tenure
35yo
Average Age
The average tenure for the Hi-Tech Pipes board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Chairman & MD |
| Shares | 34,103 |
| Max Price | ₹198.22 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & MD |
| Shares | 4,674 |
| Max Price | ₹241.26 |
| Entity | Individual |
| Role | Member of the Board of Directors Whole-Time Executive Director |
| Shares | 10,000 |
| Max Price | ₹272.77 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & MD |
| Shares | 10,000 |
| Max Price | ₹272.77 |
Ownership Breakdown
Management Team
Anish Bansal (35yo)
Whole-Time Executive Director
- Tenure: 10.5yrs
- Compensation: ₹4.45m
Ajay Bansal (62yo)
Chairman & MD
- Tenure: 6.8yrs
- Compensation: ₹6.00m
Arun Sharma
Company Secretary & Compliance Officer
- Tenure: 0.0yrs
Ashok Aggarwal
Head of Commercial
- Tenure: 0.0yrs
Arvind Bansal
Chief Financial Officer
- Tenure: 1.6yrs
Ravindar Tiwari
Head of Sales & Marketing
- Tenure: 0.0yrs
Anand Amin
Head of Projects
- Tenure: 0.0yrs
Santosh Rai
Head of Accounts & Finance
- Tenure: 0.0yrs
Board Members
Tanvi Kumar (31yo)
Non-Executive & Independent Director
- Tenure: 4.4yrs
Anish Bansal (35yo)
Whole-Time Executive Director
- Tenure: 10.5yrs
- Compensation: ₹4.45m
Ajay Bansal (62yo)
Chairman & MD
- Tenure: 6.8yrs
- Compensation: ₹6.00m
Ajay Sahay
Non-Executive Independent Director
- Tenure: 1.5yrs
- Compensation: ₹40.00k
Vivek Goyal
Non-Executive Independent Director
- Tenure: 1.5yrs
- Compensation: ₹40.00k
Prashant Saxena
Non-Executive Independent Director
- Tenure: 1.5yrs
- Compensation: ₹20.00k
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: ₹1.852b
- Shares outstanding: 10.30m
- Website: https://www.hitechpipes.in
Number of Employees
Location
- Hi-Tech Pipes Limited
- 505, Pearl 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 in India. It offers steel pipes and tubes, hollow sections, cold rolled sheets and strips, galvanized coils, metal crush barriers, and cold forme ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/20 12:55 |
| End of Day Share Price | 2019/08/20 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
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.