Hi-Tech Pipes Limited
Hi-Tech Pipes Limited manufactures and sells steel in India. The company provides mild steel hollow section ERW steel pipes, mild steel round pipes, GI pipes, pre-galvanized steel pipes, crash barriers, cold rolled coils and strips, and coated coils and roofing sheets. It also offers hot rolled, pickled and oiled, cold rolled close annealed, cold rolled full hard, and BP sheets coil and strip pro… Read more
Market Cap & Net Worth: Hi-Tech Pipes Limited (HITECH)
Hi-Tech Pipes Limited (NSE:HITECH) has a market capitalization of $182.41 Million (₹15.80 Billion) as of March 19, 2026. Listed on the NSE stock exchange, this India-based company holds position #18276 globally and #872 in its home market, demonstrating a -5.85% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Hi-Tech Pipes Limited's stock price ₹77.93 by its total outstanding shares 202710234 (202.71 Million).
Hi-Tech Pipes Limited Market Cap History: 2016 to 2026
Hi-Tech Pipes Limited's market capitalization history from 2016 to 2026. Data shows growth from $27.18 Million to $182.41 Million (29.40% CAGR).
Hi-Tech Pipes Limited Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Hi-Tech Pipes Limited's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
0.01x
Hi-Tech Pipes Limited's market cap is 0.01 times its annual revenue
0.02x
Lower than industry averageLatest Price to Earnings (P/E) Ratio
0.30x
Hi-Tech Pipes Limited's market cap is 0.30 times its annual earnings
0.26x
Higher than industry averageWhat These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $27.18 Million | $5.04 Billion | $64.96 Million | 0.01x | 0.42x |
| 2017 | $76.81 Million | $6.37 Billion | $103.45 Million | 0.01x | 0.74x |
| 2018 | $50.97 Million | $10.14 Billion | $210.08 Million | 0.01x | 0.24x |
| 2019 | $34.93 Million | $13.59 Billion | $273.50 Million | 0.00x | 0.13x |
| 2020 | $47.55 Million | $12.08 Billion | $203.88 Million | 0.00x | 0.23x |
| 2021 | $125.59 Million | $13.39 Billion | $228.03 Million | 0.01x | 0.55x |
| 2022 | $191.88 Million | $18.77 Billion | $403.26 Million | 0.01x | 0.48x |
| 2023 | $269.14 Million | $23.86 Billion | $376.81 Million | 0.01x | 0.71x |
| 2024 | $373.69 Million | $26.99 Billion | $439.31 Million | 0.01x | 0.85x |
| 2025 | $215.50 Million | $30.68 Billion | $729.49 Million | 0.01x | 0.30x |
Competitor Companies of HITECH by Market Capitalization
Companies near Hi-Tech Pipes Limited in the global market cap rankings as of March 19, 2026.
Key companies related to Hi-Tech Pipes Limited by market ranking:
- Nucor Corp (NYSE:NUE): Ranked #589 globally with a market cap of $35.58 Billion USD.
- Steel Dynamics Inc (NASDAQ:STLD): Ranked #856 globally with a market cap of $22.94 Billion USD.
- Nippon Steel Corporation (PINK:NISTF): Ranked #983 globally with a market cap of $19.91 Billion USD.
- Reliance Steel & Aluminum Co (NYSE:RS): Ranked #1208 globally with a market cap of $15.40 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #589 | Nucor Corp | NYSE:NUE | $35.58 Billion | $161.16 |
| #856 | Steel Dynamics Inc | NASDAQ:STLD | $22.94 Billion | $168.75 |
| #983 | Nippon Steel Corporation | PINK:NISTF | $19.91 Billion | $19.62 |
| #1208 | Reliance Steel & Aluminum Co | NYSE:RS | $15.40 Billion | $295.94 |
Hi-Tech Pipes Limited Historical Marketcap From 2016 to 2026
Between 2016 and today, Hi-Tech Pipes Limited's market cap moved from $27.18 Million to $ 182.41 Million, with a yearly change of 29.40%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | ₹182.41 Million | -15.36% |
| 2025 | ₹215.50 Million | -42.33% |
| 2024 | ₹373.69 Million | +38.84% |
| 2023 | ₹269.14 Million | +40.27% |
| 2022 | ₹191.88 Million | +52.79% |
| 2021 | ₹125.59 Million | +164.11% |
| 2020 | ₹47.55 Million | +36.15% |
| 2019 | ₹34.93 Million | -31.48% |
| 2018 | ₹50.97 Million | -33.64% |
| 2017 | ₹76.81 Million | +182.61% |
| 2016 | ₹27.18 Million | -- |
End of Day Market Cap According to Different Sources
On Mar 19th, 2026 the market cap of Hi-Tech Pipes Limited was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $182.41 Million USD |
| MoneyControl | $182.41 Million USD |
| MarketWatch | $182.41 Million USD |
| marketcap.company | $182.41 Million USD |
| Reuters | $182.41 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.