Hi-Tech Pipes Limited (HITECH) - Net Assets

Latest as of March 2026: Rs13.33 Billion INR ≈ $144.21 Million USD

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. Check how tangible is Hi-Tech Pipes Limited's equity to evaluate the tangible quality of the company's equity base.

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

Hi-Tech Pipes Limited - Net Assets Trend (2013–2026)

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 (HITECH) liquidity interval to measure how many days the company can operate on defensive assets alone.

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

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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs203.11 Million	1.52%
Other Components	Rs13.13 Billion	98.48%
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
KOSKISEN OYJ EO 1 F:EZ8	$199.98 Million
Citizens Community Bancorp Inc NASDAQ:CZWI	$199.99 Million
Daesang Holdings Co Ltd KO:084690	$200.01 Million
Wei Chuan Foods Corp TW:1201	$200.09 Million
Daehan Green Power Corporation KQ:060900	$199.83 Million
A Paradise Acquisition Corp. NASDAQ:APAD	$199.82 Million
Bicycle Therapeutics Ltd NASDAQ:BCYC	$199.72 Million
Europap Tezol Kagit Sanayi Ve Ticaret AS IS:TEZOL	$199.67 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 decreased equity by 73,125,000.

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	Rs-73.12 Million	-0.55%
Other Changes	Rs77.35 Million	+0.58%
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: 1.38x
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 19.63x to 1.38x 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	Rs91.16	x
2014-03-31	Rs5.79	Rs91.16	x
2015-03-31	Rs3.96	Rs91.16	x
2016-03-31	Rs5.54	Rs91.16	x
2017-03-31	Rs6.39	Rs91.16	x
2018-03-31	Rs9.49	Rs91.16	x
2019-03-31	Rs12.26	Rs91.16	x
2020-03-31	Rs14.51	Rs91.16	x
2021-03-31	Rs17.15	Rs91.16	x
2022-03-31	Rs21.61	Rs91.16	x
2023-03-31	Rs24.07	Rs91.16	x
2024-03-31	Rs35.24	Rs91.16	x
2025-03-31	Rs70.92	Rs91.16	x
2026-03-31	Rs66.01	Rs91.16	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: $4,962,007,503
Average return on equity (ROE) among peers: 3.96%

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	$199.84 Million
Ankit Metal & Power Limited (ANKITMETAL)	$1.20 Billion	5.37%	2.25x	$2.37 Million
APL Apollo Tubes Limited (APLAPOLLO)	$4.72 Billion	13.50%	1.73x	$5.59 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$12.69 Billion	11.40%	0.71x	$514.95 Million
Bedmutha Industries Limited (BEDMUTHA)	$987.90 Million	-40.30%	5.23x	$39.02 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$6.61 Billion	14.56%	0.24x	$158.98 Million
Electrotherm (India) Limited (ELECTHERM)	$587.16 Million	32.01%	5.36x	$149.04 Million
Grand Foundry Limited (GFSTEELS)	$-56.35 Million	0.00%	0.00x	$4.48 Million
Goodluck India Limited (GOODLUCK)	$13.47 Billion	12.24%	0.88x	$487.00 Million
Godawari Power And Ispat limited (GPIL)	$9.28 Billion	-9.55%	2.75x	$1.90 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$133.55 Million	0.35%	1.68x	$138.11 Million

About Hi-Tech Pipes Limited

NSE:HITECH India Steel

Market Cap

$199.84 Million

Rs18.48 Billion INR

Market Cap Rank

#16649 Global

#866 in India

Share Price

Rs91.16

Change (1 day)

-0.79%

52-Week Range

Rs70.93 - Rs122.59

All Time High

Rs205.61