Hi-Tech Pipes Limited (HITECH) - Net Assets

Latest as of September 2025: Rs12.99 Billion INR ≈ $140.46 Million USD

Based on the latest financial reports, Hi-Tech Pipes Limited (HITECH) has net assets worth Rs12.99 Billion INR (≈ $140.46 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs19.08 Billion ≈ $206.32 Million USD) and total liabilities (Rs6.09 Billion ≈ $65.86 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. Check financial resilience of Hi-Tech Pipes Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs12.99 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. Also explore Hi-Tech Pipes Limited balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see how much is Hi-Tech Pipes Limited worth.

Year	Net Assets	Change
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 1014.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs3.34 Billion	26.55%
Common Stock	Rs203.11 Million	1.62%
Other Comprehensive Income	Rs73.12 Million	0.58%
Other Components	Rs8.96 Billion	71.25%
Total Equity	Rs12.57 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
Columbus A/S CO:COLUM	$202.08 Million
Nova Lifestyle I NASDAQ:NVFY	$202.14 Million
Paramita Bangun Sarana Tbk PT JK:PBSA	$202.16 Million
Eurocash S.A. WAR:EUR	$202.22 Million
Soechi Lines Tbk JK:SOCI	$201.85 Million
Horizon Technology Finance NASDAQ:HRZN	$201.74 Million
cBrain A/S CO:CBRAIN	$201.70 Million
HealWELL AI Inc. TO:AIDX	$201.58 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	Rs729.49 Million	+5.8%
Dividends Paid	Rs4.00 Million	-0.03%
Share Issuances	Rs6.09 Billion	+48.4%
Other Comprehensive Income	Rs-768.25 Million	-6.11%
Other Changes	Rs767.36 Million	+6.1%
Total Change	Rs-	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: 1.30x
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 19.84x to 1.30x 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	Rs92.17	x
2014-03-31	Rs5.79	Rs92.17	x
2015-03-31	Rs3.96	Rs92.17	x
2016-03-31	Rs5.54	Rs92.17	x
2017-03-31	Rs6.39	Rs92.17	x
2018-03-31	Rs9.49	Rs92.17	x
2019-03-31	Rs12.26	Rs92.17	x
2020-03-31	Rs14.51	Rs92.17	x
2021-03-31	Rs17.15	Rs92.17	x
2022-03-31	Rs21.61	Rs92.17	x
2023-03-31	Rs24.07	Rs92.17	x
2024-03-31	Rs35.24	Rs92.17	x
2025-03-31	Rs70.92	Rs92.17	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	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

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: $56,981,137
Average return on equity (ROE) among peers: 11.55%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hi-Tech Pipes Limited (HITECH)	Rs12.99 Billion	6.81%	0.47x	$202.06 Million
Ankit Metal & Power Limited (ANKITMETAL)	$4.99 Billion	10.25%	2.32x	$2.44 Million
APL Apollo Tubes Limited (APLAPOLLO)	$155.16 Million	43.49%	4.18x	$5.72 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$4.61 Billion	15.96%	1.74x	$501.93 Million
Bedmutha Industries Limited (BEDMUTHA)	$-1.62 Billion	0.00%	0.00x	$38.63 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$222.58 Million	9.47%	2.22x	$164.68 Million
Electrotherm (India) Limited (ELECTHERM)	$-10.96 Billion	0.00%	0.00x	$111.23 Million
Grand Foundry Limited (GFSTEELS)	$-32.83 Million	0.00%	0.00x	$4.07 Million
Goodluck India Limited (GOODLUCK)	$978.14 Million	20.56%	2.88x	$451.00 Million
Godawari Power And Ispat limited (GPIL)	$2.07 Billion	26.10%	1.64x	$2.08 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$152.16 Million	-10.33%	2.30x	$111.44 Million

About Hi-Tech Pipes Limited

NSE:HITECH India Steel

Market Cap

$202.06 Million

Rs18.68 Billion INR

Market Cap Rank

#16499 Global

#838 in India

Share Price

Rs92.17

Change (1 day)

+1.05%

52-Week Range

Rs70.93 - Rs122.59

All Time High

Rs205.61