Hi-Tech Pipes Limited

NSE:HITECH India Steel
Market Cap
$175.97 Million
₹15.24 Billion INR
Market Cap Rank
#18424 Global
#873 in India
Share Price
₹75.18
Change (1 day)
-6.63%
52-Week Range
₹72.95 - ₹122.59
All Time High
₹205.61
Categories
Companies in India Steel
About

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

Hi-Tech Pipes Limited (HITECH) - Net Assets

Latest net assets as of September 2025: ₹12.99 Billion INR

Based on the latest financial reports, Hi-Tech Pipes Limited (HITECH) has net assets worth ₹12.99 Billion INR as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹19.08 Billion) and total liabilities (₹6.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ₹12.99 Billion
% of Total Assets 68.08%
Annual Growth Rate 36.36%
5-Year Change 512.77%
10-Year Change 1795.88%
Growth Volatility 27.39

Hi-Tech Pipes Limited - Net Assets Trend (2013–2025)

This chart illustrates how Hi-Tech Pipes Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Hi-Tech Pipes Limited (2013–2025)

The table below shows the annual net assets of Hi-Tech Pipes Limited from 2013 to 2025.

Year Net Assets Change
2025-03-31 ₹12.57 Billion +118.15%
2024-03-31 ₹5.76 Billion +37.85%
2023-03-31 ₹4.18 Billion +61.67%
2022-03-31 ₹2.59 Billion +26.04%
2021-03-31 ₹2.05 Billion +18.20%
2020-03-31 ₹1.74 Billion +18.27%
2019-03-31 ₹1.47 Billion +29.24%
2018-03-31 ₹1.14 Billion +48.41%
2017-03-31 ₹765.29 Million +15.39%
2016-03-31 ₹663.21 Million +39.76%
2015-03-31 ₹474.52 Million +30.46%
2014-03-31 ₹363.73 Million +19.52%
2013-03-31 ₹304.33 Million --

Equity Component Analysis

This analysis shows how different components contribute to Hi-Tech Pipes Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 1014.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Retained Earnings ₹3.34 Billion 26.55%
Common Stock ₹203.11 Million 1.62%
Other Comprehensive Income ₹73.12 Million 0.58%
Other Components ₹8.96 Billion 71.25%
Total Equity ₹12.57 Billion 100.00%

Hi-Tech Pipes Limited Competitors by Market Cap

The table below lists competitors of Hi-Tech Pipes Limited ranked by their market capitalization.

Company Market Cap
MM Forgings Limited
NSE:MMFL
 		$96.02 Million
Thaitheparos Public Company Limited
BK:SAUCE
 		$96.04 Million
Borealis Mining Company Limited
V:BOGO
 		$96.07 Million
FORTINOVA FASTIGH. B O.N.
F:733
 		$96.17 Million
Rafael Microelectronics
TWO:6568
 		$95.97 Million
Afyon Cimento Sanayi TAS
IS:AFYON
 		$95.95 Million
Asia Tech Image
TWO:4974
 		$95.86 Million
NUVERRA ENVIR SOL
F:3H5
 		$95.85 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hi-Tech Pipes Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 5,763,740,000 to 12,573,547,000, a change of 6,809,807,000 (118.1%).
  • Net income of 729,491,000 contributed positively to equity growth.
  • Dividend payments of 4,004,000 reduced retained earnings.
  • New share issuances of 6,085,216,000 increased equity.
  • Other comprehensive income decreased equity by 768,252,000.
  • Other factors increased equity by 767,356,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ₹729.49 Million +5.8%
Dividends Paid ₹4.00 Million -0.03%
Share Issuances ₹6.09 Billion +48.4%
Other Comprehensive Income ₹-768.25 Million -6.11%
Other Changes ₹767.36 Million +6.1%
Total Change ₹- 118.15%

Book Value vs Market Value Analysis

This analysis compares Hi-Tech Pipes Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.06x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 16.19x to 1.06x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2013-03-31 ₹4.64 ₹75.18 x
2014-03-31 ₹5.79 ₹75.18 x
2015-03-31 ₹3.96 ₹75.18 x
2016-03-31 ₹5.54 ₹75.18 x
2017-03-31 ₹6.39 ₹75.18 x
2018-03-31 ₹9.49 ₹75.18 x
2019-03-31 ₹12.26 ₹75.18 x
2020-03-31 ₹14.51 ₹75.18 x
2021-03-31 ₹17.15 ₹75.18 x
2022-03-31 ₹21.61 ₹75.18 x
2023-03-31 ₹24.07 ₹75.18 x
2024-03-31 ₹35.24 ₹75.18 x
2025-03-31 ₹70.92 ₹75.18 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hi-Tech Pipes Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 5.80%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.38%
  • • Asset Turnover: 1.75x
  • • Equity Multiplier: 1.40x
  • Recent ROE (5.80%) is below the historical average (11.21%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2013 6.81% 0.56% 1.96x 6.21x ₹-9.70 Million
2014 7.12% 0.67% 1.71x 6.18x ₹-10.47 Million
2015 10.49% 1.09% 2.13x 4.54x ₹2.32 Million
2016 9.80% 1.29% 1.80x 4.21x ₹-1.36 Million
2017 13.52% 1.62% 1.77x 4.70x ₹26.92 Million
2018 18.50% 2.07% 2.26x 3.95x ₹96.51 Million
2019 18.63% 2.01% 2.69x 3.44x ₹126.71 Million
2020 11.74% 1.69% 2.13x 3.27x ₹30.28 Million
2021 11.11% 1.70% 2.23x 2.92x ₹22.84 Million
2022 15.59% 2.15% 2.44x 2.97x ₹144.64 Million
2023 9.01% 1.58% 2.61x 2.19x ₹-41.29 Million
2024 7.62% 1.63% 2.29x 2.05x ₹-137.07 Million
2025 5.80% 2.38% 1.75x 1.40x ₹-527.86 Million

Industry Comparison

This section compares Hi-Tech Pipes Limited's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $2,077,213,375
  • Average return on equity (ROE) among peers: 17.87%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hi-Tech Pipes Limited (HITECH) ₹12.99 Billion 6.81% 0.47x $95.99 Million
Ankit Metal & Power Limited (ANKITMETAL) $-100.86 Million 0.00% 0.00x $722.48K
APL Apollo Tubes Limited (APLAPOLLO) $24.64 Billion 25.12% 0.81x $4.04 Billion
Ashoka Metcast Limited (ASHOKAMET) $23.00K 60.87% 7947.74x $1.75 Million
Bansal Wire Industries Ltd (BANSALWIRE) $2.83 Billion 21.21% 1.65x $84.98 Million
Bedmutha Industries Limited (BEDMUTHA) $1.45 Billion 17.08% 3.51x $8.02 Million
Bharat Wire Ropes Limited (BHARATWIRE) $1.38 Billion 0.97% 2.02x $61.29 Million
Electrotherm (India) Limited (ELECTHERM) $-10.96 Billion 0.00% 0.00x $31.33 Million
Gallantt Ispat Limited (GALLANTT) $1.10 Billion 27.96% 1.96x $327.71 Million
Grand Foundry Limited (GFSTEELS) $-57.50 Million 0.00% 0.00x $1.30 Million
Goodluck India Limited (GOODLUCK) $490.54 Million 25.50% 2.98x $163.26 Million