Hi-Tech Pipes Ltd

Hi-Tech Pipes Ltd

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OVERVIEW
FINANCIALS

About

Hi-Tech Pipes Limited (HTPL) is a part of the Indian piping industry as a key manufacturer and supplier of electric resistance welding (ERW) pipes. Its steel tubes and pipes cater to industries like infrastructure, defence, telecommunications, railroads, real estate, airports, and automobiles. Hi-Tech’s product portfolio includes mild steel hollow sections, mild steel round pipes, galvanised iron pipes, galvanised pipes, crash barriers, cold rolled coils and strips, and coated coils and roofing sheets. The company has an installed capacity of 1 million metric tonnes per annum, distributed to over 17 states across the country with a distribution network of more than 500 dealers, 150 original equipment manufacturer (OEM) partners, and 90 contractors. HiTech has received the Top Performer Award from the Steel Authority of India (SAIL) and has been awarded the Secondary Steel Sector Trophy for Excellence Performance by the Ministry of Steel, Government of India.

Incorporation Year: 1985
Headquarters: New Delhi
Top Management: Ajay Kumar Bansal
Industry: Metals

Featured In Fortune India Ranking

Next 500 India
#156(2024)#138(2023)#143(2022)#163(2021)#181(2020)#250(2019)
#156(2024)#138(2023)#143(2022)#163(2021)#181(2020)#250(2019)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
2,684
(INR Cr)
Net Operating Income
2,699
(INR Cr)
Assets
983
(INR Cr)
Profit
44
(INR Cr)
Net Worth
576
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS20242023202220212020201920182017201620152014201320122011
Revenue
(INR Cr)
2684
11.6%
2404
25.3%
1918
42.4%
1347
9.5%
1231
-9.1%
1355
31.2%
1033
60.0%
646
26.7%
510
10.6%
461
16.1%
397
6.3%
374
5.4%
354
8.3%
327
-
Net Operating Income
(INR Cr)
2699
13.14%
2386
26.98%
1879
40.15%
1341
10.83%
1210
-11.08%
1360
33.94%
1016
59.34%
637
26.49%
504
0.00%
458
19.13%
385
3.67%
371
6.06%
350
8.77%
322
0.00%
Profit
(INR Cr)
44
16.6%
38
-6.6%
40
76.9%
23
11.8%
20
-25.5%
27
30.2%
21
102.4%
10
59.7%
7
30.5%
5
92.3%
3
25.1%
2
6.2%
2
-38.3%
3
-
Assets
(INR Cr)
983
41.4%
695
6.3%
654
24.9%
524
7.5%
487
16.0%
420
12.0%
375
40.4%
267
22.3%
218
35.9%
161
7.8%
149
19.0%
125
15.0%
109
21.5%
90
-
Net Worth
(INR Cr)
576
37.9%
418
61.7%
259
26.0%
205
18.2%
174
18.3%
147
29.2%
114
47.7%
77
15.9%
66
0.0%
47
30.5%
36
19.5%
30
7.3%
28
7.4%
26
0.0%
Employee Cost
(INR Cr)
31
19.2%
26
20.1%
22
17.1%
19
5.6%
18
30.0%
14
12.9%
12
14.6%
11
24.5%
9
16.4%
7
37.0%
5
3.3%
5
20.3%
4
4.6%
4
-
Interest Cost
(INR Cr)
423536323030272017151212118
Cash & Bank Balance
(INR Cr)
26211717191613161377655
Total Debt
(INR Cr)
402273393317312272255180142111113958163

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS20242023202220212020201920182017201620152014201320122011
Profit As % Of Revenues 1.6%1.6%2.1%1.7%1.7%2.0%2.0%1.6%1.3%1.1%0.7%0.6%0.6%1.0%
Profit As % Of Assets 4.5%5.4%6.2%4.4%4.2%6.5%5.6%3.9%3.0%3.1%1.7%1.7%1.8%3.5%
Profit As % Of Networth 7.6%9.0%15.6%11.1%11.7%18.6%18.5%13.5%9.8%10.5%7.1%6.8%6.9%12.0%
Interest Cost to EBITDA % 36.4%36.5%36.3%45.6%50.7%39.9%45.6%51.3%53.4%58.3%64.0%66.3%67.6%58.5%
Debt to Equity Ratio 0.700.651.521.541.801.852.242.342.142.343.103.122.852.40
RONW 8.8%12.6%17.4%12.0%12.7%21.0%22.1%14.5%9.8%11.9%7.8%7.0%7.1%12.0%
ROCE 12.0%13.6%15.6%12.5%11.9%17.8%17.9%14.6%12.4%14.4%11.7%12.5%13.9%13.7%