Smallcap stock engaged in the business of manufacturing and distribution of electric resistance welding (ERW) Steel Round & Section Pipes, cold Rolled Strips, and many more jumped upto 4 percent in the day’s trade upon achieving the highest ever sales volume for Q3FY25.
Price Action
With a market capitalization of Rs. 3,225 Crores, the shares of Hi-Tech Pipes Limited were trading at Rs. 158.95 per equity share, up 0.51 percent from its previous day’s close price of Rs. 158.15.
What Happened
Hi-Tech Pipes Limited one of the leading manufacturers of steel tubes and pipes in India has announced that it has achieved exceptional sales performance for the third quarter and nine months ended FY25.
It has achieved an ever-highest sales volume of 1,24,233 MT for Q3 FY25, reflecting an impressive 26.10 percent year-on-year (YoY) growth and 30.33 percent YoY growth for the nine months ended FY25 with sales volumes surged to 3,69,415 MT.
It has specified that a significant contributor to this growth was the company’s solar torque tubes, which played a pivotal role in driving sales volumes. These high-quality products are increasingly in demand due to the rapid expansion of the solar energy sector in India.
In addition to the strong performance in the renewable energy sector, Hi-Tech Pipes also recorded substantial growth in other key sectors, including infrastructure and construction.
Also, the company’s diverse product portfolio, ranging from general-purpose steel pipes to specialized solutions, has enabled it to cater to a wide array of industries, further strengthening its market position.
About the Company
Hi-Tech Pipes Limited is engaged in the business of manufacturing and distribution of electric resistance welding (ERW) Steel Round & Section Pipes, cold Rolled Strips & Engineering Products across India.
Hi-Tech Pipes Limited has an installed capacity of 7.5 Lakh MTPA, with 6 plants across 4 states, 500+ dealer and distributor networks, 160+ OEM customers, 1200+ SKU,s and >35 percent market share in value-added products.
Its products are used in multiple sectors, including infrastructure, construction, automobiles, energy, agriculture, defense, engineering, telecom and many others. Its product brands include JalShakti, Organic Pipes, FireFighter, Bahubali, Pre-Gal, Casewell, Shakti, Flatmax, Crashguard, and many more.
It has a strong customer base with well-known players like TATA, Reliance, Adani, Gail, Indian Oil, Hindustan Petroleum, Larsen & Toubro, EIL, Afcons, BHEL, NTPC, DLF, and many others.
Financials and Ratios
Its Revenue from operations declined by 5.4 percent from Rs. 746.73 Crores in Q2FY24 to Rs. 706.87 Crores in Q2FY25, accompanied by profits of Rs. 10.53 Crores to Rs. 18.11 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 8.23 percent, and a return on capital employed (ROCE) of 12.35 percent. It has reported a debt-to-equity ratio of 0.44.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
