Hi-Tech Pipes Limited Share Price and Company Fundamentals



Price
₹459
Change
0.600 (0.131%)
52 week
393.2 - 760.0

Last traded: Today at 9:59 AM

Hi-Tech Pipes Limited manufactures and sells steel products for infrastructure, constructions, automobiles, energy, agriculture, defense, engineering, and telecom industries in India. It offers ERW black steel pipes and tubes used in fencing, line pipes, scaffolding, water and gas conveyance, oil country tubular, hand pumps, collieries, thermal powers, telecom, automobiles, and agriculture sector; rectangular and hollow sections; galvanized and pre-galvanized steel pipes and tubes; metal beam crash barriers for applications, such as national highways, expressways, bridges and flyovers, embankments, mines, collieries, high density fast moving traffic areas in cities, motor racing/test drove tracks, village areas along highways, crash test sites, factory areas, traffic safety in airports, plants handling hazardous chemicals, and multi-story parking lots. The company also provides cold rolled sheets and strips used in precision tubes, containers, bicycles, furniture, color coating, galvanizing and tinning, and automobile industry to produce car body panels; and cold formed sections, as well as solar mounting structures and various other galvanized products. It operates through a network of approximately 200 distributors and 300 dealers. Hi-Tech Pipes Limited also exports its products. The company was formerly known as Ram Lal Harbans Lal Limited and changed its name to Hi-Tech Pipes Limited in October 1986. Hi-Tech Pipes Limited was incorporated in 1985 and is headquartered in New Delhi, India.

Key Metrics

PE ratio

13.98

PB ratio

2.23

Dividend yield

0.11%

Beta

0.92

Market cap

-

Enterprise value

-

Company profile

Industry / SectorSteel / Basic Materials
Websitehttps://www.hitechpipes.in
Mailing address505, Pearls Omaxe Tower Netaji Subhash Place Pitampura New Delhi 110034 India
Phone / Fax91 11 4844 0050 / 91 11 4844 0055

Dividends

Dividend yield

0.11%

Dividend amount

₹0.50

Payout ratio

0.00%

Hi-Tech Pipes Limited paid ₹0.50 dividend and the ex-dividend date was 17 Sept 2020.The dividend payout ratio is 0.00%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.HITECH dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

HITECH's forward dividend amount is ₹ and the forward dividend yield is . A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Jul 2022, following are the company executives and directors listed on Hi-Tech Pipes Limited.

NameTitleAgeTotal Pay
Mr. Ajay Kumar BansalChairman & MD649.6M
Mr. Anish Kumar BansalWhole-Time Director376M
Mr. Roop Narain MalooGroup CFO & Exec. Director57
Mr. Santosh RaiHead of Accounts & Fin.
Mr. Arun Kumar SharmaCompany Sec. & Compliance Officer
Mr. Ravindar TiwariHead of Sales & Marketing
Mr. Ashok AggarwalHead of Commercial
Mr. Anand AminHead of Projects

Profitability and management effectiveness

Profit margin

2.15%

Operating margin

4.84%

Return on assets

8.30%

Return on equity

17.39%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Hi-Tech Pipes Limited is and its enterprise value is .

The HITECH's stocks Beta value is 0.92 making it 8% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Hi-Tech Pipes Limited (NSE:HITECH) Frequently Asked Questions

1. What is Hi-Tech Pipes Limited's Stock Symbol?

Hi-Tech Pipes Limited trades on NSE under the ticker symbol "HITECH".

2. What is Hi-Tech Pipes Limited's stock price today?

One share of HITECH stock can currently be purchased for approximately ₹459.

3. How can I contact Hi-Tech Pipes Limited?

Hi-Tech Pipes Limited's mailing address is 505, Pearls Omaxe Tower Netaji Subhash Place Pitampura New Delhi 110034 India. The company can be reached via phone at 91 11 4844 0050.

4. What is Hi-Tech Pipes Limited's official website?

The official website of Hi-Tech Pipes Limited is https://www.hitechpipes.in.