Hi-Tech Pipes Past Earnings Performance
Past criteria checks 2/6
Hi-Tech Pipes has been growing earnings at an average annual rate of 22.2%, while the Metals and Mining industry saw earnings growing at 17.4% annually. Revenues have been growing at an average rate of 17.3% per year. Hi-Tech Pipes's return on equity is 5.7%, and it has net margins of 1.8%.
Key information
22.18%
Earnings growth rate
9.00%
EPS growth rate
| Metals and Mining Industry Growth | 25.90% |
| Revenue growth rate | 17.33% |
| Return on equity | 5.71% |
| Net Margin | 1.81% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 24
HITECH: Upcoming Warrant Issue Will Drive Future Upside Potential
Analysts have held their price target for Hi-Tech Pipes steady at ₹116.0, supported by slightly updated assumptions on discount rate, revenue growth, profit margin and future P/E, which together keep their fair value view unchanged. What's in the News Hi-Tech Pipes has scheduled a Special and Extraordinary Shareholders Meeting via postal ballot in India on June 28, 2026, according to a company event filing.Narrative Update • Jun 06
HITECH: Upcoming Equity Warrant Issue Will Offer Attractive Long Term Upside Potential
Analysts have reduced their price target on Hi-Tech Pipes from ₹180 to ₹116 as they now apply a higher discount rate and a lower future P/E multiple, while keeping margin expectations broadly similar. What's in the News A board meeting is scheduled for May 28, 2026 to consider the annual audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, and to review options for raising funds through equity shares, fully convertible warrants, convertible instruments, or a mix of securities, subject to shareholder approval.Analysis Article • Feb 11
Hi-Tech Pipes Limited Just Recorded A 11% Revenue Beat: Here's What Analysts Think
It's been a pretty great week for Hi-Tech Pipes Limited ( NSE:HITECH ) shareholders, with its shares surging 12% to...Analysis Article • Sep 21
Hi-Tech Pipes Limited's (NSE:HITECH) CEO Compensation Looks Acceptable To Us And Here's Why
Key Insights Hi-Tech Pipes' Annual General Meeting to take place on 27th of September Salary of ₹14.4m is part of CEO...Analysis Article • Sep 18
Hi-Tech Pipes Limited (NSE:HITECH) Soars 25% But It's A Story Of Risk Vs Reward
Hi-Tech Pipes Limited ( NSE:HITECH ) shares have had a really impressive month, gaining 25% after a shaky period...Analysis Article • Sep 13
Be Wary Of Hi-Tech Pipes (NSE:HITECH) And Its Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Narrative Update • Sep 06
Capacity Upgrades In Infrastructure And Renewables Will Expand Reach
A notable reduction in Hi-Tech Pipes’ future P/E ratio suggests a more cautious earnings outlook, contributing to the sharp decrease in the consensus analyst price target from ₹151.00 to ₹122.00. What's in the News Board meeting scheduled to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, and address other business as permitted by the Chair.Analysis Article • Jun 02
Hi-Tech Pipes' (NSE:HITECH) Earnings Are Weaker Than They Seem
Despite posting some strong earnings, the market for Hi-Tech Pipes Limited's ( NSE:HITECH ) stock hasn't moved much. We...Analysis Article • Feb 14
Hi-Tech Pipes Limited's (NSE:HITECH) Popularity With Investors Is Clear
With a price-to-earnings (or "P/E") ratio of 35.4x Hi-Tech Pipes Limited ( NSE:HITECH ) may be sending bearish signals...
New Narrative • Feb 09
Doubling Capacity And Expanding In India Will Meet Future Demand In Renewable Energy
Doubling manufacturing capacity and focusing on value-added products are expected to drive revenue growth and improve earnings.Analysis Article • Nov 20
Hi-Tech Pipes' (NSE:HITECH) Shareholders Should Assess Earnings With Caution
Strong earnings weren't enough to please Hi-Tech Pipes Limited's ( NSE:HITECH ) shareholders over the last week. Our...Analysis Article • Sep 15
There Could Be A Chance Hi-Tech Pipes Limited's (NSE:HITECH) CEO Will Have Their Compensation Increased
Key Insights Hi-Tech Pipes will host its Annual General Meeting on 21st of September Total pay for CEO Ajay Bansal...Analysis Article • Aug 13
Hi-Tech Pipes Limited (NSE:HITECH) Not Lagging Market On Growth Or Pricing
When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 33x, you may consider...Analysis Article • May 21
Hi-Tech Pipes' (NSE:HITECH) Profits May Not Reveal Underlying Issues
Following the solid earnings report from Hi-Tech Pipes Limited ( NSE:HITECH ), the market responded by bidding up the...Analysis Article • Mar 21
Hi-Tech Pipes Limited (NSE:HITECH) Shares May Have Slumped 30% But Getting In Cheap Is Still Unlikely
Hi-Tech Pipes Limited ( NSE:HITECH ) shares have retraced a considerable 30% in the last month, reversing a fair amount...Analysis Article • Mar 05
Hi-Tech Pipes (NSE:HITECH) Could Be Struggling To Allocate Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...Analysis Article • Dec 28
Shareholders Should Be Pleased With Hi-Tech Pipes Limited's (NSE:HITECH) Price
When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 29x, you may consider...Analysis Article • Oct 14
The Returns On Capital At Hi-Tech Pipes (NSE:HITECH) Don't Inspire Confidence
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Sep 14
Here's Why We Think Hi-Tech Pipes (NSE:HITECH) Is Well Worth Watching
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Sep 22
Hi-Tech Pipes Limited's (NSE:HITECH) CEO Compensation Is Looking A Bit Stretched At The Moment
Under the guidance of CEO Ajay Bansal, Hi-Tech Pipes Limited ( NSE:HITECH ) has performed reasonably well recently. In...Analysis Article • Jul 22
Here's Why We Think Hi-Tech Pipes (NSE:HITECH) Is Well Worth Watching
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • May 12
Why You Should Care About Hi-Tech Pipes' (NSE:HITECH) Strong Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Mar 03
If You Like EPS Growth Then Check Out Hi-Tech Pipes (NSE:HITECH) Before It's Too Late
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...Analysis Article • Jan 08
Many Would Be Envious Of Hi-Tech Pipes' (NSE:HITECH) Excellent Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Nov 06
Robust Earnings May Not Tell The Whole Story For Hi-Tech Pipes (NSE:HITECH)
Hi-Tech Pipes Limited ( NSE:HITECH ) announced strong profits, but the stock was stagnant. Our analysis suggests that...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Hi-Tech Pipes makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 42,001 | 762 | 357 | 0 |
| 31 Dec 25 | 34,535 | 762 | 379 | 0 |
| 30 Sep 25 | 31,449 | 780 | 377 | 0 |
| 30 Jun 25 | 29,920 | 758 | 331 | 0 |
| 31 Mar 25 | 30,677 | 729 | 372 | 0 |
| 31 Dec 24 | 30,149 | 664 | 369 | 0 |
| 30 Sep 24 | 28,840 | 616 | 354 | 0 |
| 30 Jun 24 | 29,241 | 540 | 325 | 0 |
| 31 Mar 24 | 26,993 | 439 | 336 | 0 |
| 31 Dec 23 | 27,201 | 486 | 341 | 0 |
| 30 Sep 23 | 26,593 | 473 | 330 | 0 |
| 30 Jun 23 | 25,118 | 412 | 282 | 0 |
| 31 Mar 23 | 23,858 | 377 | 302 | 0 |
| 31 Dec 22 | 22,788 | 330 | 294 | 0 |
| 30 Sep 22 | 21,495 | 302 | 283 | 0 |
| 30 Jun 22 | 20,118 | 359 | 231 | 0 |
| 31 Mar 22 | 18,788 | 403 | 265 | 0 |
| 31 Dec 21 | 16,756 | 356 | 227 | 0 |
| 30 Sep 21 | 16,513 | 347 | 226 | 0 |
| 30 Jun 21 | 15,720 | 312 | 213 | 0 |
| 31 Mar 21 | 13,406 | 228 | 200 | 0 |
| 31 Dec 20 | 12,489 | 204 | 199 | 0 |
| 30 Sep 20 | 11,442 | 159 | 190 | 0 |
| 30 Jun 20 | 10,380 | 139 | 171 | 0 |
| 31 Mar 20 | 12,096 | 204 | 196 | 0 |
| 31 Dec 19 | 12,902 | 244 | 168 | 0 |
| 30 Sep 19 | 12,984 | 257 | 162 | 0 |
| 30 Jun 19 | 13,624 | 279 | 143 | 0 |
| 31 Mar 19 | 13,604 | 273 | 146 | 0 |
| 31 Dec 18 | 12,623 | 243 | 148 | 0 |
| 30 Sep 18 | 11,977 | 235 | 143 | 0 |
| 30 Jun 18 | 11,354 | 233 | 140 | 0 |
| 31 Mar 18 | 10,157 | 210 | 135 | 0 |
| 31 Mar 17 | 6,374 | 104 | 114 | 0 |
| 31 Mar 16 | 5,039 | 65 | 89 | 0 |
Quality Earnings: HITECH has high quality earnings.
Growing Profit Margin: HITECH's current net profit margins (1.8%) are lower than last year (2.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HITECH's earnings have grown significantly by 22.2% per year over the past 5 years.
Accelerating Growth: HITECH's earnings growth over the past year (4.4%) is below its 5-year average (22.2% per year).
Earnings vs Industry: HITECH earnings growth over the past year (4.4%) did not outperform the Metals and Mining industry 10.5%.
Return on Equity
High ROE: HITECH's Return on Equity (5.7%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 12:16 |
| End of Day Share Price | 2026/07/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hi-Tech Pipes Limited is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Antique Stockbroking Ltd. |
| Vikash Singh | PhillipCapital (India) |
| Lokesh Kashikar | SMIFS Limited |