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Hi-Tech Pipes Ltd
NSE:HITECH

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Hi-Tech Pipes Ltd
NSE:HITECH
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Price: 88.59 INR -1.54% Market Closed
Market Cap: ₹18B

P/S

0.5
Current
17%
Cheaper
vs 3-y average of 0.6

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.5
=
Market Cap
₹17.9B
/
Revenue
₹34.5B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.5
=
Market Cap
₹17.9B
/
Revenue
₹34.5B

Valuation Scenarios

Hi-Tech Pipes Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (0.6), the stock would be worth ₹107.34 (21% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-13%
Maximum Upside
+402%
Average Upside
152%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.5 ₹88.59
0%
3-Year Average 0.6 ₹107.34
+21%
5-Year Average 0.5 ₹77.16
-13%
Industry Average 1.6 ₹264.12
+198%
Country Average 2.6 ₹444.81
+402%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹17.9B
/
Jan 2026
₹34.5B
=
0.5
Current
₹17.9B
/
Mar 2026
₹36.4B
=
0.5
Forward
₹17.9B
/
Mar 2027
₹46.2B
=
0.4
Forward
₹17.9B
/
Mar 2028
₹56.5B
=
0.3
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
Hi-Tech Pipes Ltd
NSE:HITECH
18.3B INR 0.5 23.6
ZA
Kumba Iron Ore Ltd
JSE:KIO
102B ZAR 1.5 7
BR
Vale SA
BOVESPA:VALE3
367B BRL 1.7 26.6
US
Nucor Corp
NYSE:NUE
49B USD 1.5 28.2
AU
Fortescue Metals Group Ltd
ASX:FMG
60.9B AUD 2.5 11.1
AU
Fortescue Ltd
XMUN:FVJ
37B EUR 2.6 11.4
LU
ArcelorMittal SA
AEX:MT
38.4B EUR 0.7 14.1
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 1.7 40.9
US
Steel Dynamics Inc
NASDAQ:STLD
32.8B USD 1.7 23.9
IN
Tata Steel Ltd
NSE:TATASTEEL
2.6T INR 1.2 28.5
US
Carpenter Technology Corp
NYSE:CRS
21.3B USD 7.2 48.8

Market Distribution

Lower than 93% of companies in India
Percentile
7th
Based on 2 983 companies
7th percentile
0.5
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

Hi-Tech Pipes Ltd
Glance View

Market Cap
18B INR
Industry
Metals & Mining

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.

HITECH Intrinsic Value
147.1 INR
Undervaluation 40%
Intrinsic Value
Price ₹88.59
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