💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Hi-Tech Pipes Limited is an India-based company, which is engaged in the manufacturing of electric resistance welding (ERW) steel round and section pipes, cold rolled (CR) strips, galvanized plain (GP) coils, color coated sheet, and engineering products and distribution of…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, trading cheap versus its own history.
Hi-Tech Pipes is scored on the commodity / cyclical framework. It keeps a thin 1.8% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.04×) — worth a closer look. Free cash flow is worth about -2.4% of its market value.
Over the last 3 years revenue compounded at 21%/yr and profit at 26%/yr. Book value itself has compounded 47%/yr — the hallmark of a genuine compounder. Return on equity is a weak 5.9%. In the latest quarter profit grew 14% versus the prior quarter.
At 21× earnings, the stock sits at the 9th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~8%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 19.14 | 20.39 | better |
| P/B | 1.12 | 2.07 | better |
| EV/EBITDA | 8.96 | 10.9 | better |
| ROE | 5.86 | 18.07 | worse |
| ROCE | 9.44 | 9.84 | worse |
| ROA | 3.23 | 3.5 | worse |
| Quick Ratio | 1.16 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue has grown every year across all 4 financial years shown. 21% CAGR over 3 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (26% vs 21%) — margin expansion is at work.
Operating margins have been stable around 2% — no major structural shift.
ROE at 6% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (26% vs 7%) — share dilution is eroding per-share value. 7% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.0× PAT — reported profit isn't translating into cash, raising earnings quality questions. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Wide quarterly swings (42% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 50% above earlier ones.
Profit jumped 14% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 43.4% — dispersed ownership; institutional flows drive the stock. MF stake down 2.4pp — domestic funds are booking profits or rebalancing out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.