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Hi-Tech Pipes Ltd logo

Hi-Tech Pipes Ltd

NSE: HITECH BSE: 543411

88.13

(-0.63%)

Sat, 07 Mar 2026, 01:02 am

Hi-Tech Pipes Analysis

dividend

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Pros

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    Cons

    • Hi-Tech Pipes is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
    • No need to calculate the sustainability of Hi-Tech Pipes's dividends as it is not paying a notable one for India.
    • Hi-Tech Pipes is not paying a notable dividend for India, therefore no need to check if the payments are stable.
    • Hi-Tech Pipes's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.75%).
    • Hi-Tech Pipes's dividend is below the markets top 25% of dividend payers in India (3.1%).

    health

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    Pros

    • 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 is profitable, therefore cash runway is not a concern.
    • Hi-Tech Pipes is profitable, therefore cash runway is not a concern.
    • Debt is covered by short term assets, assets are 1.2x debt.
    • Hi-Tech Pipes's cash and other short term assets cover its long term commitments.
    • The level of debt compared to net worth has been reduced over the past 5 years (248.6% vs 173.4% today).
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    Cons

    • Debt is not well covered by operating cash flow (18.8%, less than 20% of total debt).
    • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
    • Hi-Tech Pipes's level of debt (173.4%) compared to net worth is high (greater than 40%).
    • High level of physical assets or inventory.

    management

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    Pros

    • Ajay's compensation has been consistent with company performance over the past year, both up more than 20%.
    • More shares have been bought than sold by Hi-Tech Pipes individual insiders in the past 3 months.
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    Cons

    • The average tenure for the Hi-Tech Pipes board of directors is less than 3 years, this suggests a new board.
    • Ajay's remuneration is higher than average for companies of similar size in India.

    misc

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    Pros

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      Cons

      • Hi-Tech Pipes is not covered by any analysts.
      • Hi-Tech Pipes has significant price volatility in the past 3 months.

      past

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      Pros

      • Hi-Tech Pipes has delivered over 20% year on year earnings growth in the past 5 years.
      • Hi-Tech Pipes used its assets more efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
      • Hi-Tech Pipes's earnings growth has exceeded the IN Metals and Mining industry average in the past year (0.5% vs -4.8%).
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      Cons

      • Hi-Tech Pipes's 1-year earnings growth is less than its 5-year average (0.5% vs 26.8%)
      • Hi-Tech Pipes's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
      • Hi-Tech Pipes has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

      value

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      Pros

      • Hi-Tech Pipes is good value based on assets compared to the IN Metals and Mining industry average.
      • 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.
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      Cons

      • 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%).
      • HITECH underperformed the Metals and Mining industry which returned -29.5% over the past year.
      • HITECH underperformed the Market in India which returned -14.8% over the past year.
      • NSEI:HITECH is up 6% underperforming the Metals and Mining industry which returned 11.4% over the past month.
      • NSEI:HITECH is up 6% underperforming the market in India which returned 9% over the past month.

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      Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800