Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 17 Oct - CRISIL reaffirmed Hi-Tech Pipes' ratings: A+/Stable and A1 for Rs565 crore bank facilities.
Source: Bse
Hi-Tech Pipes Limited (HITECH)
Small CapIndustrials stocks · Small cap · NSE
Hi-Tech Pipes Limited operates in Steel Pipes, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 12:48 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
36Bearishfull bear SMA stack · SMA20 -6.5% / mo · MACD + · near 52W low
Stock trend: 26
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HITECHD candles · FIT view-19.5%Latest close ₹71.10 on 2026-10-19
Bar
+0.4%
RSI
42
MACD hist
0.10
52W pos
3%
2026-10-19O ₹70.79H ₹72.11L ₹70.50C ₹71.10Vol 5.2L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HITECHNifty India ManufacturingNifty 500
- HITECH
- -18.5%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -13.0 pp
Chart stats
19 Oct 2026- From 52W high
- -41.1%
- 52W range position
- 3%
- ATR (14)
- 3.4%
- Volume vs 20D
- 0.61x
- Avg traded value
- ₹6.1 Cr
- 20D price channel
- ₹69.5 - ₹76.5
₹120.8
₹69.5 - ₹120.8
₹2.4
Latest completed session
20-session average
33.0% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE50
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +78.6% · PAT -4.8% YoY
Technical
Bearish36
Price trend and sector-relative-strength timing.
Valuation
Legacy model+51.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence67
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -5% YoY · margin compression · Rev +79% YoY
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,413 Cr | +78.6% | -4.5% |
| EBITDA | ₹49 Cr | +19.5% | +6.5% |
| Operating margin | 3.5% | -150 bps | +40 bps |
| PAT | ₹20 Cr | -4.8% | +11.1% |
| PAT margin | 1.4% | -123 bps | +20 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 18.90
- P/B
- 1.07
- EV/EBITDA
- 8.01
- Market Cap
- 1422.00Cr
Profitability
- ROE
- 5.88%
- ROCE
- 9.77%
- ROA
- 4.27%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 26.00%
- EPS 5Y
- 27.00%
- Revenue 3Y
- 21.00%
- EPS 3Y
- 21.00%
Balance Sheet
- Debt/Equity
- 0.20
- Interest Coverage
- 3.31×
- Altman Z
- 6.43
- Book Value
- 65.60
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- 3.00 Cr
- EPS TTM
- 3.72
Shareholding
- Promoter Hold
- 43.43%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 0%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 4,200+36.9% vs prev
Net Profit
₹ CrLatest: 76.0+4.1% vs prev
Return on Equity
%Latest: 5.7-1.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 42. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~6.9% over last month) — short-term momentum negative.
- RSI(14) at 42 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
16
RS percentile
Stage 4 Downtrend
1M return
-6.6%
3M return
-18.5%
6M return
-22.4%
1Y return
-37.2%
RS 1D
0
RS 20D
-2
Sector rank
#2
Industry rank
#10
Stage evidence
- Price is 14.3% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.5%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 63.52+1.62%
RS vs Nifty 50064
Valuation & peers
U-Score 50 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 50 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · FAIR VALUEValuation16/30
Growth18/25
Quality0/20
Balance Sheet8/15
Cash Flow3/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
50
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
50/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 51.4%.
- Growth contributes 18/25 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
- Valuation is weaker at 16/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
18.9
PB
1.1
EV/EBITDA
8.0
ROE
5.9%
ROCE
9.8%
FCF Yield
—
Debt/Equity
0.2
MoS
+51.4%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
50
Previous: 50
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+51.4%
Previous: +51.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
50
50
50
50
52
50
50
50
50
50
50
50
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹74.1
+4.0% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹146.2
+51.4% MoS
PEG
0.77
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
HARIOMPIPE
Small
Hariom Pipe Industries Limited
Steel Pipes
match 86
40
14.6
12.4%
+5%
WATCHLIST
SWASTIK
SME
Swastik Pipe Ltd.
Steel Pipes
match 70
1
—
-37.2%
—
OVERVALUED
APLAPOLLO
Mid
APL Apollo Tubes Limited
Steel Pipes
match 70
54
48.3
25.4%
-23%
FAIR VALUE
GOODLUCK
Small
Goodluck India Limited
Steel Pipes
match 44
45
23.5
13.0%
+27%
WATCHLIST
WELCORP
Small
Welspun Corp Limited
Steel Pipes
match 44
56
29.6
19.4%
+25%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Hi-Tech Pipes Limited operates in Steel Pipes, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
67Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 52nd percentile of the scored universe and 50th percentile within Industrials. Main check: cash conversion is weak at 55/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
58 docs text-extracted · 33 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
52nd percentile
overall median 67 · Industrials: 50th pctile, median 68 · Small: 56th pctile, median 66
Evidence depth
Financial-only
58 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
61
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸OPM spread across recent quarters is 2.9%.
Trust risks
- ▸ROE is low at 5.9%.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Hi-Tech Pipes Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Oct - Hi-Tech Pipes reported highest-ever sales volume: 1,65,016 MT in Q2FY27 and 3,21,152 MT in H1FY27.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Predispatch Newspaper Publication for AGM of the Company
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 Aug - Crisil monitoring report for Q1 June 30, 2026 shows no deviation; Rs 4,292.89 million utilized.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug - Newspaper Publication w.r.t. Un-audited Financial Results for the Quarter ended June 30, 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jun - Hi-Tech Pipes Limited has informed about copy of Newspaper Publication
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May - NEWSPAPER PUBLICATIONS W.R.T. DISPATCH OF NOTICE OF POSTAL BALLOT TO THE MEMBERS OF THE COMPANY
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.