Hi-Tech Pipes Ltd (HITECH) — shareholding pattern, promoter holding, financials and share price
About Hi-Tech Pipes Ltd (HITECH)
Hi-Tech Pipes Ltd operates in the Iron & Steel Products industry, within the Capital Goods sector. It trades on the NSE as HITECH and on the BSE under scrip code 543411. Its ISIN is INE106T01025.
Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india.
Hi-Tech Pipes Limited is an integrated steel tubes and pipes manufacturer producing ERW pipes, hollow sections, cold-rolled coils and coated products across a multi-plant pan-India footprint, serving infrastructure, water, energy, telecom, defence and solar sectors with branded value-added SKUs and approvals for institutional projects.
Q3FY26 showed robust top-line momentum with consolidated revenue up 40.5% YoY to ₹1,069.6 crore and volumes up 10% to 136,067 tonnes, while EBITDA rose modestly and PAT declined about 9% year-on-year due to a mid-quarter correction in hot-rolled coil prices; management flagged December’s 12% safeguard duty as restoring domestic price discipline.
Listed peers in Iron & Steel Products: Rhetan TMT Ltd, Steel Exchange India Ltd, Bharat Wire Ropes Ltd, Electrotherm (India) Ltd, Mahamaya Steel Industries Ltd, Aeroflex Enterprises Ltd.
Valuation & Returns
10 Jul 2026At ₹86.85 a share on 10 Jul 2026, Hi-Tech Pipes Ltd (HITECH) was valued at a price-to-earnings ratio of 23.16x against an industry P/E of 37x and a price-to-book of 1.4x on a book value of ₹61.91 per share as of Mar 2025. Solomo computes return on equity of 6.06% and return on capital employed of 10.29% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 23.16x
- Industry P/E
- 37x
- P/B
- 1.4x
- EPS (TTM)
- ₹3.75
- Book value / share
- ₹61.91
- ROE
- 6.06%
- ROCE
- 10.29%
- ROA
- 4.34%
- Debt / equity
- 0.15x
- Dividend yield
- 0.03%
- EBITDA margin
- 4.19%
- 52-week range
- ₹85.39 – ₹87.38
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Hi-Tech Pipes Ltd (HITECH) reported revenue of ₹4,200 crore, net profit of ₹76 crore and earnings per share of ₹3.75. That compares with revenue of ₹3,068 crore and net profit of ₹73 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹1,480 crore and net profit ₹18 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 1,879 | 2,386 | 2,699 | 3,068 | 4,200 |
| Net profit (₹ cr) | 40 | 38 | 44 | 73 | 76 |
| EPS (₹) | 3.29 | 2.95 | 2.93 | 3.59 | 3.75 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 18.20% | 21.40% | 19.04% | 13.65% |
| Profit growth | 28.86% | 35.29% | 28.67% | 66.06% |
| Stock price CAGR | - | 11% | 1% | -11% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 43.43% of Hi-Tech Pipes Ltd (HITECH) (down 0.33 pp QoQ), foreign institutional investors (FII) hold 1.05% and domestic institutional investors (DII) hold 16.17%. Promoters have pledged 13% of their holding. Market capitalisation was ₹1,764 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2016.
Largest disclosed public shareholders in Jun 2026: BANDHAN SMALL CAP FUND 9.33%, HSBC MUTUAL FUND - HSBC SMALL CAP FUND 2.47%, PENANG ENTERPRISES PRIVATE LIMITED 1.51%, THE WEALTH COMPANY ALTERNATES TRUST-BHARAT VALUE FUND 1.33%, SBI GENERAL INSURANCE COMPANY LIMITED 1.24%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 43.43% | 13% | 1.05% | 16.17% | 56.37% |
| Mar 2026 | 43.76% | 13.6% | 0.81% | 16.27% | 56.05% |
| Dec 2025 | 43.64% | 3.4% | 1.41% | 15.86% | 56.17% |
| Sep 2025 | 43.64% | 3.4% | 2.39% | 14.51% | 56.17% |
| Jun 2025 | 43.97% | 4.1% | 1.7% | 16.08% | 55.88% |
| Mar 2025 | 43.97% | 2.5% | 8.96% | 16.4% | 55.88% |
| Dec 2024 | 43.97% | 2.6% | 9.79% | 17.32% | 55.95% |
| Sep 2024 | 50.76% | 2.6% | 9.3% | 10.06% | 49.24% |