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Hi-Tech Pipes Limited is currently in a long term uptrend where the price is trading 66.7% above its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 0.4.
Hi-Tech Pipes Limited's total revenue rose by 1.0% to $1B since the same quarter in the previous year.
Its net income has increased by 575.5% to $64M since the same quarter in the previous year.
Finally, its free cash flow grew by 473.7% to $229M since the same quarter in the previous year.
Based on the above factors, Hi-Tech Pipes Limited gets an overall score of 5/5.
| Exchange | NSE |
|---|---|
| CurrencyCode | INR |
| ISIN | INE106T01025 |
| Sector | Basic Materials |
| Industry | Steel |
| Target Price | 210.6667 |
|---|---|
| Dividend Yield | 0.0% |
| Market Cap | 20B |
| PE Ratio | 25.6 |
| Beta | 0.54 |
Hi-Tech Pipes Limited manufactures and sells steel in India. The company provides mild steel hollow section ERW steel pipes; mild steel round pipes; galvanized steel; pre-galvanized steel pipes; crash barriers; cold rolled coils and strips; and coated coils and roofing sheets. It offers CRFH, HROP, and GPGC coil and strip products. The company's products are used for construction, infrastructure, automotive, furniture, storage solutions, agriculture, fencing and signage, industrial, railing, cladding, furniture and containers, solar mounting structure, rooftop sheds, home appliances, electronics, borewell, transport, fire fighting for commercial housing, telecom, real estate, and scaffolding applications. It sells its products under the Hi-Tech Jal Shakti Pipes, Hi-Tech Organic GI Pipes, Hi-Tech Casewell, Hi-Tech Bahubali, Hi-Tech Pre-gal, Hi-Tech Firefighter, Hi-Tech Shakti, and Hi-Tech Flatmax brands. The company serves its products to dealers and distributors, OEM, architects, builders, and contractors. It exports its products. Hi-Tech Pipes Limited 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.
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