Company Hi-Tech Pipes Limited

Equities

HITECH

INE106T01025

Iron & Steel

Market Closed - NSE India S.E. 12:49:10 14/05/2024 BST 5-day change 1st Jan Change
128.1 INR +2.48% Intraday chart for Hi-Tech Pipes Limited +1.63% +11.39%

Business Summary

Hi-Tech Pipes Limited is an India-based company that is engaged in manufacturing and supplying electric resistance welding (ERW) steel round and section pipes, cold rolled strips and engineering products and distribution of the same across India. Its key products include black hollow section and round pipe, galvanized and pre-galvanized pipes and cold rolled coils (CR). Its products are used in multiple sectors, including infrastructure, construction, automobiles, energy, agriculture, defense, engineering and telecom. It operates under the manufacturing of Steel Tubes & Pipes. Its product brands include JalShakti, Organic Pipes, FireFighter, Bahubali, Pre-Gal, Casewell, Shakti, Flatmax, Crashguard, Pillar, ColorStar and Metal GC Sheet. The Company has its five manufacturing facilities spread across four states, namely Uttar Pradesh, Gujarat, Andhra Pradesh and Maharashtra. It has an installed capacity of approximately one million metric tons (MT) per annum.

Number of employees: 490

Sales per Business

INR in Million2022Weight2023Weight Delta
Steel Tubes & Pipes
97.3 %
12,588 67.0 % 23,216 97.3 % +84.43%
Scrap
2.6 %
- - 622 2.6 % -
Rent
0.1 %
- - 20 0.1 % -

Sales per region

INR in Million2022Weight2023Weight Delta
India
100.0 %
18,788 100.0 % 23,858 100.0 % +26.98%

Managers

Managers TitleAgeSince
Chief Executive Officer 66 01/01/85
Director of Finance/CFO 48 10/08/23
Compliance Officer - 17/07/17
Director/Board Member 39 18/02/09
Human Resources Officer - 31/07/17

Members of the board

Members of the board TitleAgeSince
Director of Finance/CFO 48 10/08/23
Chief Executive Officer 66 01/01/85
Director/Board Member 39 18/02/09
Director/Board Member - 29/01/18
Director/Board Member - 30/01/18
Director/Board Member 65 02/12/20
Director/Board Member 65 21/01/20

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 158,356,000 68,037,420 ( 42.96 %) 0 42.96 %

Shareholders

NameEquities%Valuation
19,239,770 13.40 % 31 M ₹
13,544,000 9.433 % 22 M ₹
12,255,590 8.535 % 20 M ₹
9,511,070 6.624 % 15 M ₹
Aks Buildcon Pvt Ltd.
3.844 %
5,520,000 3.844 % 9 M ₹
HSBC Asset Management (India) Pvt Ltd.
3.623 %
5,202,517 3.623 % 8 M ₹
Hi-Tech Agrovision Pvt Ltd.
3.594 %
5,160,000 3.594 % 8 M ₹
4,608,000 3.209 % 7 M ₹
Bandhan Asset Management Co. Ltd.
2.827 %
4,059,845 2.827 % 6 M ₹
Samarth Life Sciences Pvt Ltd.
2.223 %
3,192,290 2.223 % 5 M ₹

Company contact information

Hi-Tech Pipes Ltd.

505, Pearl Omaxe Tower Netaji Subhash Place

110034, New Delhi

+91 11 4844 0050

http://www.hitechpipes.in
address Hi-Tech Pipes Limited(HITECH)

Group companies

NameCategory and Sector
Htl Ispat Pvt Ltd.
Hitech Metalex Pvt Ltd.

Sales per Business

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
128.1 INR
Average target price
188 INR
Spread / Average Target
+46.76%
Consensus

Quarterly revenue - Rate of surprise

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