Hi-Tech Pipes Limited

NSEI:HITECH Stock Report

Market Cap: ₹15.8b

Hi-Tech Pipes Valuation

Is HITECH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of HITECH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Future Cash Flow Value: HITECH (₹78.03) is trading above our estimate of future cash flow value (₹7.47)

Significantly Below Future Cash Flow Value: HITECH is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HITECH?

Key metric: As HITECH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HITECH. This is calculated by dividing HITECH's market cap by their current earnings.
What is HITECH's PE Ratio?
PE Ratio20.3x
Earnings₹779.65m
Market Cap₹15.85b

Price to Earnings Ratio vs Peers

How does HITECH's PE Ratio compare to its peers?

The above table shows the PE ratio for HITECH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.2x
MANAKCOAT Manaksia Coated Metals & Industries
36xn/a₹13.7b
513554 Mahamaya Steel Industries
132.2xn/a₹13.4b
522241 M M Forgings
19.9x22.80%₹19.0b
513228 Pennar Industries
16.8x34.68%₹21.9b
HITECH Hi-Tech Pipes
20.3x29.97%₹15.8b

Price-To-Earnings vs Peers: HITECH is good value based on its Price-To-Earnings Ratio (20.3x) compared to the peer average (51.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does HITECH's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513566 Nova Iron & Steel
0.3xn/aUS$5.05m
526093 Sathavahana Ispat
0.1xn/aUS$1.41m
513039 Hindusthan Udyog
0.01xn/aUS$244.18k
No more companies available in this PE range
HITECH 20.3xIndustry Avg. 21.6xNo. of Companies27PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HITECH is good value based on its Price-To-Earnings Ratio (20.3x) compared to the Indian Metals and Mining industry average (21.6x).

Price to Earnings Ratio vs Fair Ratio

What is HITECH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HITECH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.3x
Fair PE Ratio26.8x

Price-To-Earnings vs Fair Ratio: HITECH is good value based on its Price-To-Earnings Ratio (20.3x) compared to the estimated Fair Price-To-Earnings Ratio (26.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

₹122
Fair Value
36.0% undervalued intrinsic discount
1
Number of Analysts

Analyst Forecast: Insufficient data to show price forecast.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/22 01:41
End of Day Share Price 2026/01/22 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 2 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.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Vikash SinghPhillipCapital (India)