Hi-Tech Pipes Limited Net Assets
Hi-Tech Pipes Limited net assets. Based on the latest financial reports, Hi-Tech Pipes Limited (HITECH) has net assets worth Rs13.33 Billion INR (≈ $144.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs20.24 Billion ≈ $218.85 Million USD) and total liabilities (Rs6.90 Billion ≈ $74.64 Million USD). 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. Also explore Hi-Tech Pipes Limited (HITECH) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs13.33 Billion |
| % of Total Assets | 65.9% |
| Annual Growth Rate | 33.75% |
| 5-Year Change | 415.62% |
| 10-Year Change | 1642.45% |
| Growth Volatility | 27.71 |
Net Assets of Hi-Tech Pipes Limited (2013–2026)
Net assets of Hi-Tech Pipes Limited from 2013 to 2026. This chart illustrates how Hi-Tech Pipes Limited's net assets have evolved over time, based on quarterly financial data. See Hi-Tech Pipes Limited net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Hi-Tech Pipes Limited (2013–2026)
The table below shows the annual net assets of Hi-Tech Pipes Limited from 2013 to 2026. For live market cap and overall valuation, see HITECH stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs13.33 Billion ≈ $144.21 Million |
+6.05% |
| 2025-03-31 | Rs12.57 Billion ≈ $135.98 Million |
+118.15% |
| 2024-03-31 | Rs5.76 Billion ≈ $62.33 Million |
+37.85% |
| 2023-03-31 | Rs4.18 Billion ≈ $45.22 Million |
+61.67% |
| 2022-03-31 | Rs2.59 Billion ≈ $27.97 Million |
+26.04% |
| 2021-03-31 | Rs2.05 Billion ≈ $22.19 Million |
+18.20% |
| 2020-03-31 | Rs1.74 Billion ≈ $18.77 Million |
+18.27% |
| 2019-03-31 | Rs1.47 Billion ≈ $15.87 Million |
+29.24% |
| 2018-03-31 | Rs1.14 Billion ≈ $12.28 Million |
+48.41% |
| 2017-03-31 | Rs765.29 Million ≈ $8.28 Million |
+15.39% |
| 2016-03-31 | Rs663.21 Million ≈ $7.17 Million |
+39.76% |
| 2015-03-31 | Rs474.52 Million ≈ $5.13 Million |
+30.46% |
| 2014-03-31 | Rs363.73 Million ≈ $3.93 Million |
+19.52% |
| 2013-03-31 | Rs304.33 Million ≈ $3.29 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 1163.2% over the analyzed period, indicating profitable operations and earnings retention.
Hi-Tech Pipes Limited Net Assets Breakdown (March 2026)
Hi-Tech Pipes Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs3.79 Billion | 28.39% |
| Common Stock | Rs203.11 Million | 1.52% |
| Other Comprehensive Income | Rs387.69 Million | 2.91% |
| Other Components | Rs8.96 Billion | 67.18% |
| Total Equity | Rs13.33 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 |
|---|---|
|
BANK OF JIUJIANG H YC1
F:BJ8
|
$169.18 Million |
|
Suryoday Small Finance Bank Limited
NSE:SURYODAY
|
$169.32 Million |
|
Allgeier SE
XETRA:AEIN
|
$169.39 Million |
|
Tavia Acquisition Corp. Ordinary Shares
NASDAQ:TAVI
|
$169.40 Million |
|
Zueblin Immobilien Holding AG
SW:ZUBN
|
$169.10 Million |
|
Dogus Gayrimenkul Yatirim Ortakligi AS
IS:DGGYO
|
$169.10 Million |
|
Leatec Fine Ceramics Co Ltd
TWO:6127
|
$169.06 Million |
|
Kg Chemical
KO:001390
|
$169.04 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 2025 to 2026, total equity changed from 12,573,547,000 to 13,334,836,000, a change of 761,289,000 (6.1%).
- Net income of 761,605,000 contributed positively to equity growth.
- Dividend payments of 4,540,000 reduced retained earnings.
- Other comprehensive income increased equity by 314,560,000.
- Other factors decreased equity by 310,336,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs761.61 Million | +5.71% |
| Dividends Paid | Rs4.54 Million | -0.03% |
| Other Comprehensive Income | Rs314.56 Million | +2.36% |
| Other Changes | Rs-310.34 Million | -2.33% |
| Total Change | Rs- | 6.05% |
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: 1.17x
- 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 16.61x to 1.17x 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 | Rs4.64 | Rs77.16 | x |
| 2014-03-31 | Rs5.79 | Rs77.16 | x |
| 2015-03-31 | Rs3.96 | Rs77.16 | x |
| 2016-03-31 | Rs5.54 | Rs77.16 | x |
| 2017-03-31 | Rs6.39 | Rs77.16 | x |
| 2018-03-31 | Rs9.49 | Rs77.16 | x |
| 2019-03-31 | Rs12.26 | Rs77.16 | x |
| 2020-03-31 | Rs14.51 | Rs77.16 | x |
| 2021-03-31 | Rs17.15 | Rs77.16 | x |
| 2022-03-31 | Rs21.61 | Rs77.16 | x |
| 2023-03-31 | Rs24.07 | Rs77.16 | x |
| 2024-03-31 | Rs35.24 | Rs77.16 | x |
| 2025-03-31 | Rs70.92 | Rs77.16 | x |
| 2026-03-31 | Rs66.01 | Rs77.16 | 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): 5.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.81%
- • Asset Turnover: 2.08x
- • Equity Multiplier: 1.52x
- Recent ROE (5.71%) is below the historical average (10.82%), 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 | Rs-9.70 Million |
| 2014 | 7.12% | 0.67% | 1.71x | 6.18x | Rs-10.47 Million |
| 2015 | 10.49% | 1.09% | 2.13x | 4.54x | Rs2.32 Million |
| 2016 | 9.80% | 1.29% | 1.80x | 4.21x | Rs-1.36 Million |
| 2017 | 13.52% | 1.62% | 1.77x | 4.70x | Rs26.92 Million |
| 2018 | 18.50% | 2.07% | 2.26x | 3.95x | Rs96.51 Million |
| 2019 | 18.63% | 2.01% | 2.69x | 3.44x | Rs126.71 Million |
| 2020 | 11.74% | 1.69% | 2.13x | 3.27x | Rs30.28 Million |
| 2021 | 11.11% | 1.70% | 2.23x | 2.92x | Rs22.84 Million |
| 2022 | 15.59% | 2.15% | 2.44x | 2.97x | Rs144.64 Million |
| 2023 | 9.01% | 1.58% | 2.61x | 2.19x | Rs-41.29 Million |
| 2024 | 7.62% | 1.63% | 2.29x | 2.05x | Rs-137.07 Million |
| 2025 | 5.80% | 2.38% | 1.75x | 1.40x | Rs-527.86 Million |
| 2026 | 5.71% | 1.81% | 2.08x | 1.52x | Rs-571.88 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: $2,420,688,293
- Average return on equity (ROE) among peers: 8.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hi-Tech Pipes Limited (HITECH) | Rs13.33 Billion | 6.81% | 0.52x | $169.15 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $4.99 Billion | 10.25% | 2.32x | $3.13 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $679.84 Million | 23.62% | 1.65x | $6.61 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $14.31 Billion | 11.25% | 0.76x | $101.04 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $-1.62 Billion | 0.00% | 0.00x | $37.33 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $661.68 Million | 3.24% | 1.16x | $111.28 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-2.49 Billion | 0.00% | 0.00x | $83.77 Million |
| Grand Foundry Limited (GFSTEELS) | $-142.14 Million | 0.00% | 0.00x | $12.49 Million |
| Goodluck India Limited (GOODLUCK) | $3.10 Billion | 10.16% | 2.16x | $194.90 Million |
| Godawari Power And Ispat limited (GPIL) | $4.56 Billion | 13.49% | 0.95x | $1.44 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $167.95 Million | 9.40% | 1.82x | $113.23 Million |
About 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