Hi-Tech Pipes Ltd
NSE:HITECH
Hi-Tech Pipes Ltd
Hi-Tech Pipes Ltd. engages in the manufacture of steel tubes & pipes. The company is headquartered in New Delhi, Delhi. The company went IPO on 2016-02-25. The firm's products are used in a range of industries such as infrastructure, telecom, defense, power distribution, railways, airport, real estate, automobile and agriculture among others. The company operates under the manufacturing of Steel Tubes & Pipes. he Company's products include black steel tubes, rectangular & hollow section, galvanized steel tubes, metal beam highway crash barrier, cold rolling coils, organic Gi pipes, Jalshakti Gi pipes, and others. The firm has its five manufacturing facilities spread across four states, namely Uttar Pradesh, Gujarat, Andhra Pradesh and Maharashtra. The company has an installed capacity of 80000 million tons per annum.
Hi-Tech Pipes Ltd. engages in the manufacture of steel tubes & pipes. The company is headquartered in New Delhi, Delhi. The company went IPO on 2016-02-25. The firm's products are used in a range of industries such as infrastructure, telecom, defense, power distribution, railways, airport, real estate, automobile and agriculture among others. The company operates under the manufacturing of Steel Tubes & Pipes. he Company's products include black steel tubes, rectangular & hollow section, galvanized steel tubes, metal beam highway crash barrier, cold rolling coils, organic Gi pipes, Jalshakti Gi pipes, and others. The firm has its five manufacturing facilities spread across four states, namely Uttar Pradesh, Gujarat, Andhra Pradesh and Maharashtra. The company has an installed capacity of 80000 million tons per annum.
Record Revenue: Revenue from operations hit an all-time high at INR 1,070 crores for Q3 FY '26, up 40% year-on-year.
Strong Volumes: Sales volume reached a record 1,36,000 tonnes, increasing 10% from the previous year’s quarter.
Profit Dip: Profit after tax declined 9% YoY to INR 17 crores, mainly due to a sharp fall in steel prices from cheaper imports.
Steel Price Rebound: Steel prices dropped by INR 2,500 per tonne in Q3 but have since rebounded after a 12% safeguard duty was imposed by the government.
Capacity Expansion: New facilities in Sanand and Jammu are now operational, taking total installed capacity to 1 million tonnes, with plans to double to 2 million tonnes by FY '29.
Order Book & Outlook: Order book stands at INR 200-250 crores; management expects a stronger Q4 and positive medium-term growth from infrastructure, exports, and value-added products.
Exports & Value-Added Focus: Export volumes set to rise and value-added products targeted to reach 42-43% of sales this year, aiming for 50% over the next few years.
