HITECHHi-Tech Pipes Ltd.

₹116.2-1.98%

Market Cap

₹2,410.89 Cr

Stock P/E

31.80

ROCE

11.62%

ROE

8.17%

Book Value

₹62.94

Financials

YoY Net Sales

EPS Growth

Operating Margin

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From Last Concall

POSITIVES

•
Record quarterly PAT at a new high, signaling strong profitability momentum.
•
EBITDA per ton improved about 10% QoQ driven by better mix and realizations.

NEGATIVES

•
Near-term top-line softness despite volume growth due to steel price volatility.
•
Margins and profitability are affected by ongoing steel price volatility; near-term clarity is limited.

Peers Summary

Sector Leader

Hi-Tech Pipes Ltd. demonstrates solid growth metrics and moderate profitability compared to its peers, though it lags behind in terms of overall financial efficiency and valuation attractiveness. Key competitors like Jindal Stainless and JSW Steel show stronger profitability and growth, while Tata Steel appears financially risky. The sector features a mix of undervalued and overvalued companies, making selective investments crucial.

Key Points

• Hi-Tech Pipes is growing revenue at 13.14% YoY, above the sector average.
• Jindal Stainless exhibits the highest ROE at 16.127, indicating strong profitability.
• APL Apollo Tubes is highly overvalued relative to its earnings growth potential, with a PE ratio of 126.67.
• Tata Steel shows signs of financial stress with a negative ROE and high debt levels.

Top Performers

Jindal Stainless Ltd.

Highest ROE (16.127) and relatively low debt, indicating strong profitability and efficiency.

JSW Steel Ltd.

Solid growth metrics with a respectable ROE of 12.604, indicating good profitability despite a higher PE ratio.

Shyam Metalics And Energy Ltd.

Strong revenue growth (14.72% YoY) and efficient operations reflected in its margins.

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