Latest news with #Hi-TechPipes
India.com
6 hours ago
- Business
- India.com
This stock surges 7 per cent post 'buy' rating by SBI Securities: Details here
इंवेस्टमेंट से पहले रिस्क को जांच लें Shares of BSE smallcap demonstrated resilience in the face of market fluctuations, gaining over 8 per cent on Friday as the market rebounded following Reserve Bank of India's decision to cut repo rate by 50 basis points (bps) to 5.50 per cent. The stock, which started the session at Rs 97.83, saw a further gain to touch the high of Rs 103.94 – a jump of 8.02 per cent from the closing price of the last trading session. This resilience is a testament to the company's strong position in the market. On the NSE, the stock started the session at Rs 97 and touched a high of 103.90. The 52-week high of the stock is Rs 210.85, hit on September 23, 2024. The 52-week low of the counter is Rs 84.80. The market cap of the company is Rs 2,055 crore. Meanwhile, SBI Securities has reiterated its 'Buy' rating on Hi-Tech Pipes, assigning a revised target price of Rs 138 -an upside potential of 43.4 percent from the current market price of Rs 96.2. Quarterly Results It had recorded a net profit of Rs 11.12 crore in the January-March quarter of 2023-24, the company said in an exchange filing. This was a significant increase from the previous quarter, indicating a positive trend in the company's financial performance. The company's total income increased to Rs 733.75 crore from Rs 680.75 crore a year ago. Sales volume increased 8 per cent to 1,16,032 MT from 1,07,721 MT in Q4 FY24, reflecting higher demand. For the entire FY25, the company's net profit surged impressively, rising 66 per cent to Rs 72.95 crore against Rs 43.93 crore in FY24. Revenues during the year also saw a healthy growth, increasing by 14 per cent to Rs 3,068 crore from Rs 2,699 crore, supported by record sales volumes. This robust financial performance is a testament to the company's strength and potential. Hi-Tech Pipes owns and operates six integrated manufacturing facilities in Uttar Pradesh, Gujarat, Andhra Pradesh and Maharashtra, having a combined installed capacity of 7,50,000 metric tonnes (MT) per annum. Despite recent corrections, the counter has delivered a remarkable return of 107 per cent to its investors over the past three years. This long-term growth trajectory, coupled with the company's strong financials, instills optimism about its future performance among investors. With PTI inputs
India.com
4 days ago
- Business
- India.com
Shares of steel pipe maker in green even as market tumbles - Here's why
इंवेस्टमेंट से पहले रिस्क को जांच लें Shares of Hi-Tech Pipes, a steel pipe manufacturer, began trading positively on June 2, 2025, despite a decline in the overall stock market due to weak trends in Asian markets and renewed global trade concerns. The stock opened at Rs 95.55, slightly up from the previous close of Rs 95.36 on the Bombay Stock Exchange (BSE). It continued to rise, reaching a high of Rs 97.70, an increase of 2.41% from the last close. Currently, the stock is trading above its 5-day and 20-day moving averages, but below its 50-day, 100-day, and 200-day moving averages. On the National Stock Exchange (NSE), the stock started the session at Rs 95.89 and reached a high of Rs 97.77. It is currently trading with a gain of 1.28% at Rs 96.57. Share Price History The stock's 52-week high is Rs 210.85, achieved on September 23, 2024, while the 52-week low is Rs 84.80, recorded on May 9, 2025. Over the past five years, the stock has provided a remarkable multibagger return of 1,111%. However, it has seen a correction of 21% over the past year and a decline of 38% year-to-date. Quarterly Results The company, which operates six integrated manufacturing facilities across Uttar Pradesh, Gujarat, Andhra Pradesh, and Maharashtra, reported a 59% increase in consolidated net profit, driven by higher revenue. According to data submitted to the exchanges, the net profit for the January-March quarter was approximately Rs 18 crore, up from Rs 11.12 crore in the same quarter of the 2023-24 financial year. In its exchange filing, the company noted that total income rose to Rs 733.75 crore from Rs 680.75 crore a year earlier. Sales volume increased by 8%, reaching 116,032 MT compared to 107,721 MT in Q4 FY24, reflecting higher demand. For the full financial year 2024-25, net profit rose by 66% to Rs 72.95 crore, compared to Rs 43.93 crore in FY24, while revenues grew by 14% to Rs 3,068 crore from Rs 2,699 crore, bolstered by record sales volumes. With PTI inputs
Mint
4 days ago
- Business
- Mint
Multibagger stock that has surged nearly 1,100% in 5 years edges higher; do you own?
A multibagger stock Hi-Tech Pipes climbed 2 per cent in intraday trade on the NSE on Monday, June 2, in a weak market. Hi-Tech Pipes share price opened at ₹ 95.89 against its previous close of ₹ 95.35 and rose to an intraday high of ₹ 97.25. Around 11:20 AM, the multibagger stock traded 1.74 per cent higher at ₹ 97.01. Equity benchmark Nifty 50 was 0.45 per cent down at that time. Hi-Tech Pipes share price has given a solid multibagger return of nearly 1,100 per cent over the last five years. However, over the last year, the stock has been under pressure, falling about 20 per cent. The stock hit a 52-week high of ₹ 210.85 on September 23 last year, and it touched a 52-week low of ₹ 84.80 recently on May 9. Hi-Tech Pipes reported its Q4 results during market hours on May 26, following which the stock fell 2.5 per cent. However, in the next two sessions, the stock rose by over 3 per cent cumulatively. Again, in the subsequent two sessions, it saw an overall decline of nearly 3 per cent. The company reported a healthy set of Q4 numbers. Its Q4FY25 revenue grew by 7.74 per cent to ₹ 734 crore, compared to ₹ 681 crore in Q4FY24, driven by robust demand in the infrastructure and construction sectors. The company's profit jumped 59 per cent to ₹ 17.63 crore from ₹ 11.12 crore in Q4FY24. EBIDTA stood largely at par of ₹ 34.93 crore in Q4FY25 as compared to ₹ 35.34 crore in Q4FY24. Sales volume increased by 8 per cent, reaching 1,16,032 MT, up from 1,07,721 MT in Q4 FY24. For the full year FY25, the company's revenue grew 14 per cent to ₹ 3,068 crore against ₹ 2,699 crore in FY24, supported by record sales volumes. Sales volume surged by 24 per cent in FY25, reaching 4,85,447 MT, compared to 3,91,147 MT in FY24, marking the company's highest-ever annual performance. Profit jumped by 66 per cent to ₹ 72.95 crore, up from ₹ 43.93 crore in FY24. EBIDTA increased by 39.33 per cent to ₹ 160.03 crore in FY25 as compared to ₹ 114.86 crore in FY24. The company said for FY25, EBIDTA per tonne increased by 12.26 per cent at ₹ 3,297 versus ₹ 2,937 in FY24, on account of better sales realisation and increase in share of value added products.
Mint
4 days ago
- Business
- Mint
Multibagger stock that has surged nearly 1,100% in 5 years edges higher after Q4 results 2025; do you own?
A multibagger stock Hi-Tech Pipes climbed 2 per cent in intraday trade on the NSE on Monday, June 2, in a weak market. Hi-Tech Pipes share price opened at ₹ 95.89 against its previous close of ₹ 95.35 and rose to an intraday high of ₹ 97.25. Around 11:20 AM, the multibagger stock traded 1.74 per cent higher at ₹ 97.01. Equity benchmark Nifty 50 was 0.45 per cent down at that time. Hi-Tech Pipes share price has given a solid multibagger return of nearly 1,100 per cent over the last five years. However, over the last year, the stock has been under pressure, falling about 20 per cent. The stock hit a 52-week high of ₹ 210.85 on September 23 last year and it touched a 52-week low of ₹ 84.80 recently on May 9. (This is a developing story. Please check back for fresh updates.)
Yahoo
27-05-2025
- Business
- Yahoo
Hi-Tech Pipes Ltd (NSE:HITECH) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hi-Tech Pipes Ltd (NSE:HITECH) reported a significant revenue growth of 14% year-over-year, reaching INR 3,068 crores, marking their highest ever revenue. The company achieved a 24% increase in sales volume, setting a new benchmark with 485,447 tons. Net profit surged by 58% due to sharp cost control and high-margin products. The company's return on capital employed improved to 14.34%, reflecting better operational efficiency. Hi-Tech Pipes Ltd (NSE:HITECH) has been upgraded to an A+ credit rating, indicating strong governance and financial discipline. The company faced a slight shortfall in achieving its projected sales volume of 500,000 tons, closing at 485,000 tons due to order execution delays. There is increased competition in the market, with similar products being offered by other players, potentially impacting margins. The company is exposed to global market volatility, particularly concerning steel tariffs and trade agreements. Despite improvements, the net working capital days remain a focus area, with further reductions needed to enhance liquidity. The company has ongoing capital expenditures, which may impact cash flow and require careful financial management. Warning! GuruFocus has detected 6 Warning Signs with NSE:HITECH. Q: What is the volume and EBITDA per ton guidance for FY26, and what is the target for the value-added mix? A: For FY26, Hi-Tech Pipes is targeting a sales volume of over 600,000 tons, with EBITDA expected to range from INR 3,500 to INR 4,000 per ton. The value-added product share is projected to increase from 38% to around 42-43% by the end of FY26. (Respondent: Executive Director and Group CFO) Q: How will the networking capital days trend with the increased volume push? A: Networking capital days have improved from 63 to 52 days, and further improvement is expected as the company continues to optimize operations. (Respondent: Executive Director and Group CFO) Q: How is Hi-Tech Pipes addressing competitive intensity and margin pressures in the market? A: The company is confident in achieving a 25% annual sales volume increase through new products, geographical expansion, and enhanced marketing strategies. Despite competitive pressures, Hi-Tech Pipes is focusing on execution and expanding its export markets. (Respondent: Executive Director and Group CFO) Q: What impact do steel tariffs have on Hi-Tech Pipes, and how is the company mitigating these effects? A: The Indian government has imposed a 12% safeguard duty on imported steel, providing insulation from global price shocks. This duty, combined with existing tariffs, creates a significant deterrent against imports, helping to stabilize the domestic market. (Respondent: Executive Director and Group CFO) Q: Can you provide details on the CapEx plans and capacity expansion timeline? A: Hi-Tech Pipes is in advanced stages of commissioning new facilities at Secunderabad and Saan Unit 2, aiming to reach a 1 million ton capacity by the end of FY26. Additional capacity increases are planned for FY27. (Respondent: Executive Director and Group CFO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
