Hi-Tech Pipes Ltd
NSE:HITECH
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Hi-Tech Pipes Ltd
Hi-Tech Pipes Ltd. engages in the manufacture of steel tubes & pipes. The company is headquartered in New Delhi, Delhi. The company went IPO on 2016-02-25. The firm's products are used in a range of industries such as infrastructure, telecom, defense, power distribution, railways, airport, real estate, automobile and agriculture among others. The company operates under the manufacturing of Steel Tubes & Pipes. he Company's products include black steel tubes, rectangular & hollow section, galvanized steel tubes, metal beam highway crash barrier, cold rolling coils, organic Gi pipes, Jalshakti Gi pipes, and others. The firm has its five manufacturing facilities spread across four states, namely Uttar Pradesh, Gujarat, Andhra Pradesh and Maharashtra. The company has an installed capacity of 80000 million tons per annum.
Hi-Tech Pipes Ltd. engages in the manufacture of steel tubes & pipes. The company is headquartered in New Delhi, Delhi. The company went IPO on 2016-02-25. The firm's products are used in a range of industries such as infrastructure, telecom, defense, power distribution, railways, airport, real estate, automobile and agriculture among others. The company operates under the manufacturing of Steel Tubes & Pipes. he Company's products include black steel tubes, rectangular & hollow section, galvanized steel tubes, metal beam highway crash barrier, cold rolling coils, organic Gi pipes, Jalshakti Gi pipes, and others. The firm has its five manufacturing facilities spread across four states, namely Uttar Pradesh, Gujarat, Andhra Pradesh and Maharashtra. The company has an installed capacity of 80000 million tons per annum.
Revenue Growth: Q2 FY '26 revenue rose 21.66% year-on-year to INR 858.77 crores, supported by a better product mix and higher value-added product contribution.
EBITDA & Margins: EBITDA rose 5% YoY to INR 44.33 crores, with per-tonne EBITDA improving 3.24% to INR 3,540, driven by efficiency gains and cost controls.
Profitability: PAT increased 11.86% YoY to INR 20.26 crores, reflecting steady operational performance and financial discipline.
Volume Guidance: Management reaffirmed full-year sales volume guidance of 5.5–6 lakh tonnes for FY '26, expecting H2 volumes to improve as new capacities come online.
Capacity Expansion: New 3 lakh tonne brownfield capacity is in advanced commissioning, with commercial production expected in Q3 FY '26; Hindupur greenfield project (1.5 lakh tonnes) to be completed by Q1 FY '28.
Value-Added Products: Value-added products' share is targeted to rise from 37% to 41-42% this year, and to 45-47% by FY '27, supporting higher realizations and margins.
EBITDA Per Tonne Outlook: Management maintained EBITDA per tonne guidance of INR 3,500–4,000 for FY '26, with potential to reach INR 5,000 as value-added mix grows.
Capex & Funding: Capex guidance stands at INR 200 crores for FY '26 and INR 120–130 crores for FY '27, all funded through internal accruals.
