Hi-Tech Pipes Peer Comparison

NSE: HITECH | BSE: 543411

₹74.62

₹-0.34 (-0.45%)

As on 22-Sep-2026 15:29IST

Market cap

₹1,518 Cr

Revenue (TTM)

₹4,822 Cr

P/E Ratio

20.2

P/B Ratio

1.1

Div. Yield

0 %

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	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
Market cap (₹ Cr)	1,518	9,395	6,424	4,543	4,485
Revenue (₹ Cr)	4,822	4,620	3,875	1,211	5,786
Net Profit (₹ Cr)	75.28	751.25	204.30	103.61	120.76
Net Margin (%)	1.56	14.96	5.26	8.48	2.01
RoE (%)	5.72	11.00	10.08	16.28	2.49
Price to Earnings	20.17	12.74	31.44	43.85	37.16
Price-To-Book	1.12	1.32	3.00	6.54	0.75

Income Statement (₹ Cr)

	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
Operating Revenue	4,821.52	4,620.27	3,874.90	1,210.97	5,785.90
Total Income	4,823.73	5,022.49	3,883.99	1,221.38	6,011.73
Total Expenditure	4,639.62	3,924.68	3,343.04	1,013.68	5,497.17
EBITDA	181.90	695.59	531.86	197.29	288.73
Depreciation	28.72	115.83	96.18	25.58	175.29
EBIT	153.18	579.76	435.68	171.71	113.44
Interest	55.42	2.63	160.63	42.33	134.57
Other Income	2.22	402.22	9.09	10.41	225.83
Exceptional Items	0.00	-3.04	0.00	-0.46	-38.38
Profit before Tax	99.98	976.31	284.14	139.32	166.31
Provision for Tax	24.70	225.06	79.84	35.72	45.55
Profit after Tax	75.28	751.25	204.30	103.61	120.76

	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
Shareholder's Funds	1,333.48	6,876.45	2,086.54	668.48	5,923.32
Minority Interest	0.00	0.23	0.00	0.00	-0.06
Non-Current Liabilities	131.35	470.34	336.71	112.00	1,190.15
Current Liabilities	558.78	392.25	2,597.36	519.08	2,346.93
Total Liabilities	1,770.31	7,033.26	3,779.15	1,016.77	9,695.32

	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
Non-Current Assets	697.16	2,157.26	1,050.92	520.94	4,380.52
Current Assets	1,211.26	5,557.84	3,533.10	738.92	4,701.55
Total Assets	1,770.31	7,033.26	3,779.15	1,016.77	9,695.32
Total Debt*	191.52	0.10	455.95	191.54	2,059.68
Net Current Assets	652.48	5,165.59	935.74	219.84	2,354.63
Contingent Liabilities	12.25	767.59	167.72	19.11	184.27

	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
Cash From Operating Activities	69.83	609.62	73.09	68.66	480.45
Cash Flow from Investing Activities	-390.07	-486.01	-111.30	-114.20	-141.90
Cash from Financing Activities	353.73	-136.37	24.52	47.43	-454.40
Net Cash Inflow / Outflow	33.48	-12.76	-13.69	1.89	-115.85

	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
ROCE (%)	11.62	16.63	16.47	24.99	13.36
ROE (%)	5.72	11.00	10.08	16.28	2.49
ROA (%)	3.98	10.17	4.64	8.98	1.26
EBIT Margin (%)	3.18	12.55	11.24	14.18	1.96
Net Margin (%)	1.56	14.96	5.26	8.48	2.01
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
Revenue Growth (%)	61.15	-12.21	10.75	21.73	-15.73
EBIT Growth (%)	12.29	-32.85	41.99	18.37	-83.83
Net Profit Growth (%)	-0.70	-15.59	26.31	14.99	-78.92
EPS Growth (%)	-4.21	-15.84	9.70	13.64	-74.31
Book Value Growth (%)	138.34	10.64	14.53	27.89	13.08

	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
Price / Earnings	20.20	12.81	31.54	44.34	30.90
Price / Book Value	1.12	1.33	3.01	6.65	0.76
Dividend Yield (%)	0.00	1.41	0.00	0.04	1.22
EV/EBITDA	8.41	8.34	11.69	24.72	17.99
Market Cap (₹ Cr)	2,087.83	9,143.23	1,725.69	2,473.86	6,075.57

	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
Debt to Equity	0.05	0.00	0.12	0.14	0.04
Short term debt to equity ratio	0.12	--	0.17	0.28	0.28
Current Ratio	2.17	14.17	1.36	1.42	2.00
Quick Ratio	1.16	11.27	0.77	0.68	0.98
Interest Coverage	2.80	372.22	2.77	4.29	2.24

	Hi-Tech Pipes	Maharashtra Seamless	Man	Venus Pipes	Electrosteel Castings
Debtors to sales (%)	9.31	12.22	26.06	21.46	18.50
Asset Turnover	2.55	0.63	0.88	1.05	0.60
Receivable days	34.68	40.59	65.13	70.28	71.00
Inventory Days	43.48	101.07	99.66	108.28	118.11
Payable days	26.69	24.48	127.86	118.06	54.42
Cash Conversion Cycle	51.47	117.18	36.93	60.51	134.69

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.