Hi-Tech Pipes Ltd
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.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 42 | 35 | 36 | 32 | 30 | 30 | 27 | 20 | 17 | 15 | 12 | 12 | 11 | 8 |
| Cash & Bank Balance (INR Cr) | 26 | 21 | 17 | 17 | 19 | 16 | 13 | 16 | 13 | 7 | 7 | 6 | 5 | 5 |
| Total Debt (INR Cr) | 402 | 273 | 393 | 317 | 312 | 272 | 255 | 180 | 142 | 111 | 113 | 95 | 81 | 63 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.70 | 0.65 | 1.52 | 1.54 | 1.80 | 1.85 | 2.24 | 2.34 | 2.14 | 2.34 | 3.10 | 3.12 | 2.85 | 2.40 |
| 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% |