Hi-Tech Pipes quarterly results and financials

Hi-Tech Pipes (HITECH)₹75.76−2.25%(9 Nov 2026 close)Iron & Steel Products

Key facts

In the Jun 2026 quarter (consolidated), Hi-Tech Pipes reported sales of ₹1,411 Cr, up 78.6% from Jun 2025, and net profit of ₹19.97 Cr, down 4.8% year on year. For the year to Mar 2026, sales were ₹4,195 Cr and net profit ₹75.87 Cr.

Sales (Jun 2026): ₹1,411 Cr
Net profit (Jun 2026): ₹19.97 Cr
Sales (FY Mar 2026): ₹4,195 Cr
Net profit (FY Mar 2026): ₹75.87 Cr
EPS (Jun 2026): ₹1.00
Borrowings (Mar 2026): ₹269 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Hi-Tech Pipes quarterly results

₹ crore unless stated; each column is a quarter.

Hi-Tech Pipes Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	746	630	680	867	706	761	733	790	858	1,069	1,478	1,411
Expenses	720	599	647	824	664	721	699	751	815	1,029	1,435	1,363
Operating Profit	27.06	32.10	35.08	43.12	42.09	40.06	35.11	41.11	44.09	42.12	46.13	49.11
OPM %	3.6%	5.0%	5.0%	4.9%	6.1%	5.0%	4.8%	5.0%	5.0%	3.9%	3.1%	3.5%
Other Income	1.01	0.00	0.00	1.01	1.01	0.00	0.00	1.01	1.01	0.00	0.00	1.01
Interest	10.01	8.99	14.01	14.01	13.99	8.99	7.01	7.99	12.01	12.01	16.01	16.02
Depreciation	2.99	3.99	5.98	4.99	4.98	5.98	3.99	5.98	6.97	6.98	7.98	7.98
Profit before tax	14.03	19.07	15.04	24.07	24.06	26.08	24.08	28.10	27.06	23.05	23.09	26.09
Tax %	25.0%	25.0%	24.9%	25.0%	25.9%	25.0%	27.0%	24.9%	25.0%	25.0%	23.9%	23.9%
Net Profit	10.99	13.98	10.99	17.99	17.99	18.97	17.98	20.98	19.99	16.97	17.97	19.97
EPS (Rs)	0.79	1.06	0.73	1.13	1.04	0.93	0.86	1.02	0.99	0.87	0.86	1.00

Hi-Tech Pipes profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Hi-Tech Pipes Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	504	637	1,016	1,360	1,209	1,339	1,879	2,383	2,696	3,064	4,195	4,816
Expenses	472	598	956	1,286	1,151	1,271	1,779	2,284	2,587	2,909	4,029	4,641
Operating Profit	32.08	40.11	60.14	75.14	59.10	71.21	101	103	115	161	174	181
OPM %	6.1%	6.0%	6.0%	6.0%	4.9%	5.0%	5.0%	4.3%	4.2%	5.0%	4.1%	3.8%
Other Income	1.01	2.01	1.01	1.01	1.01	1.01	1.01	−4.01	1.01	2.01	3.01	2.02
Interest	16.99	19.99	27.01	30.01	29.99	32.01	35.99	35.04	42.01	43.04	48.04	56.05
Depreciation	5.98	6.98	3.99	4.99	6.98	7.97	9.97	13.96	14.95	20.93	26.93	29.91
Profit before tax	10.02	15.06	30.09	41.11	24.06	31.09	55.15	50.12	59.18	98.33	101	99.29
Tax %	34.9%	29.9%	30.0%	33.0%	14.9%	26.0%	27.0%	23.9%	24.9%	26.0%	24.9%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−4.99	0.00	0.00	0.00	—
Net Profit	5.99	9.99	20.99	26.97	19.98	22.97	39.93	37.95	43.99	72.92	75.87	74.90
EPS (Rs)	0.64	1.00	2.03	2.57	1.86	2.02	3.30	2.94	2.92	3.58	3.74	3.72
Dividend payout %	8.0%	2.0%	1.0%	1.0%	1.0%	0.0%	2.0%	1.0%	1.0%	1.0%	0.0%	—

Hi-Tech Pipes balance sheet

₹ crore, at each year end.

Hi-Tech Pipes Balance sheet
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10.02	10.01	10.01	11.01	11.00	11.01	12.00	13.03	15.00	20.02	20.04
Reserves	56.05	67.02	103	136	163	194	246	405	561	1,238	1,314
Borrowings	142	180	255	272	312	318	394	274	403	193	269
Other Liabilities	70.66	103	79.62	85.59	81.61	76.63	116	223	199	306	422
Total Liabilities	279	360	449	505	568	600	769	916	1,179	1,757	2,025
Fixed Assets	55.09	81.17	124	170	174	203	240	288	356	393	636
CWIP	7.03	8.03	17.06	4.01	29.13	30.13	29.11	36.13	62.27	195	103
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.99	2.99	3.99	4.99
Other Assets	218	271	307	331	364	367	501	590	758	1,165	1,281
Inventories	102	124	154	151	179	188	259	307	346	384	566
Trade receivables	67.79	95.75	104	137	137	121	166	185	279	302	448
Cash & equivalents	12.99	15.99	12.99	15.98	18.99	16.98	16.99	20.98	26.01	183	86.88
Total Assets	279	360	449	505	568	600	769	916	1,179	1,757	2,025

Hi-Tech Pipes cash flow

₹ crore, for each year.

Hi-Tech Pipes Cash flow
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.99	23.91	−5.98	48.88	24.91	63.85	−16.95	134	−94.67	69.81	2.99
Cash from investing activity	−18.99	−39.01	−53.04	−40.01	−39.05	−40.02	−46.03	−98.06	−153	−390	−41.01
Cash from financing activity	22.98	13.99	58.92	−8.99	13.98	−24.97	63.93	−34.98	249	354	22.97
Net cash flow	5.01	−1.01	0.00	0.00	0.00	0.00	0.00	1.01	0.00	33.07	−14.03
Capex	18.96	33.93	55.90	32.90	35.93	40.88	44.91	68.78	109	189	170
Free cash flow	−17.98	−9.99	−61.92	15.97	−10.99	22.98	−62.91	63.89	−204	−120	−167
CFO / OP %	8.1%	69.0%	0.0%	73.1%	53.1%	97.1%	−12.9%	144.1%	−72.9%	55.1%	14.1%

Hi-Tech Pipes ratios

Working-capital days and returns, by year.

Hi-Tech Pipes Ratios
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	50	56	38	38	42	34	34	29	39	37	40
Inventory days	86	81	62	45	60	57	—	—	610	716	53
Days payable	32	37	18	17	19	15	—	—	277	466	34
Cash conversion cycle	103	98	81	64	82	75	33	28	371	287	58
Working capital days	24	17	14	11	16	23	26	24	31	51	50
ROCE %	—	15.1%	18.1%	18.1%	12.1%	13.1%	16.1%	14.1%	12.1%	12.1%	10.0%

Hi-Tech Pipes: frequently asked questions

What are the latest quarterly results of Hi-Tech Pipes?

For the Jun 2026 quarter, Hi-Tech Pipes reported sales of ₹1,411 Cr, up 78.6% year on year and net profit of ₹19.97 Cr, down 4.8% year on year. The operating margin was 3.5%.

What is the annual revenue of Hi-Tech Pipes?

Hi-Tech Pipes' sales for the year to Mar 2026 were ₹4,195 Cr; over the last twelve months they were ₹4,816 Cr.

What is the net profit of Hi-Tech Pipes?

Net profit for the year to Mar 2026 was ₹75.87 Cr, and ₹74.90 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.72.

How much debt does Hi-Tech Pipes have?

Hi-Tech Pipes reported borrowings of ₹269 Cr at Mar 2026, against cash and equivalents of ₹86.88 Cr.

What is the free cash flow of Hi-Tech Pipes?

Cash from operations was ₹2.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹167 Cr.

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