Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Hi-Tech Pipes Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 553 | 520 | 603 | 518 | 565 | 723 | 621 | 634 | 572 | 631 | 721 | 902 | 1,189 |
| Expenses + | 525 | 504 | 582 | 493 | 539 | 688 | 586 | 599 | 541 | 597 | 684 | 868 | 1,148 |
| Operating Profit | 28 | 16 | 21 | 25 | 26 | 35 | 35 | 35 | 30 | 35 | 37 | 34 | 41 |
| OPM % | 5% | 3% | 4% | 5% | 5% | 5% | 6% | 5% | 5% | 5% | 5% | 4% | 3% |
| Other Income + | 0 | 0 | 1 | 0 | -0 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 6 | 5 | 7 | 6 | 13 | 11 | 11 | 7 | 5 | 6 | 10 | 10 | 13 |
| Depreciation | 5 | 2 | 2 | 3 | 5 | 4 | 4 | 5 | 4 | 5 | 6 | 6 | 7 |
| Profit before tax | 17 | 9 | 12 | 16 | 8 | 20 | 21 | 23 | 22 | 24 | 22 | 18 | 21 |
| Tax % | 21% | 25% | 25% | 24% | 22% | 25% | 26% | 27% | 26% | 25% | 25% | 25% | 25% |
| Net Profit + | 14 | 7 | 9 | 12 | 6 | 15 | 15 | 17 | 16 | 18 | 17 | 14 | 16 |
| EPS in Rs | 1.07 | 0.50 | 0.70 | 0.88 | 0.41 | 0.97 | 0.87 | 0.82 | 0.80 | 0.88 | 0.81 | 0.68 | 0.79 |
Financials of Hi-Tech Pipes Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 458 | 504 | 591 | 822 | 1,118 | 967 | 1,026 | 1,512 | 1,861 | 2,207 | 2,550 | 3,443 |
| Expenses + | 433 | 472 | 555 | 776 | 1,063 | 923 | 975 | 1,438 | 1,782 | 2,119 | 2,414 | 3,296 |
| Operating Profit | 25 | 32 | 36 | 46 | 54 | 44 | 51 | 74 | 79 | 88 | 136 | 146 |
| OPM % | 6% | 6% | 6% | 6% | 5% | 5% | 5% | 5% | 4% | 4% | 5% | 4% |
| Other Income + | 1 | 1 | 3 | 2 | 1 | 1 | 1 | 1 | -5 | 1 | 2 | 2 |
| Interest | 15 | 17 | 20 | 23 | 23 | 24 | 25 | 27 | 25 | 32 | 34 | 39 |
| Depreciation | 4 | 6 | 6 | 3 | 4 | 5 | 7 | 7 | 11 | 13 | 18 | 24 |
| Profit before tax | 8 | 10 | 13 | 21 | 29 | 16 | 20 | 41 | 38 | 45 | 86 | 86 |
| Tax % | 34% | 35% | 33% | 32% | 36% | 14% | 25% | 27% | 23% | 24% | 26% | 25% |
| Net Profit + | 5 | 6 | 9 | 15 | 18 | 14 | 15 | 30 | 29 | 34 | 64 | 64 |
| EPS in Rs | 1.31 | 0.63 | 0.85 | 1.41 | 1.70 | 1.28 | 1.34 | 2.43 | 2.26 | 2.26 | 3.13 | 3.16 |
| Dividend Payout % | 8% | 8% | 3% | 2% | 1% | 2% | 0% | 2% | 1% | 1% | 1% | 0% |
Financials of Hi-Tech Pipes Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 10 | 10 | 10 | 11 | 11 | 11 | 12 | 13 | 15 | 20 | 20 |
| Reserves | 44 | 56 | 65 | 95 | 119 | 139 | 162 | 204 | 355 | 501 | 1,167 | 1,231 |
| Borrowings + | 111 | 142 | 151 | 188 | 189 | 239 | 212 | 259 | 180 | 294 | 127 | 141 |
| Other Liabilities + | 57 | 71 | 92 | 62 | 77 | 73 | 68 | 105 | 192 | 152 | 276 | 399 |
| Total Liabilities | 215 | 279 | 317 | 355 | 396 | 463 | 453 | 581 | 740 | 961 | 1,590 | 1,791 |
| Fixed Assets + | 43 | 55 | 67 | 96 | 129 | 134 | 145 | 180 | 226 | 290 | 312 | 504 |
| CWIP | 8 | 7 | 3 | 12 | 2 | 21 | 29 | 28 | 34 | 57 | 152 | 78 |
| Investments | 0 | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 5 | 6 | 3 |
| Other Assets + | 164 | 218 | 245 | 245 | 261 | 304 | 275 | 370 | 475 | 609 | 1,120 | 1,206 |
| Total Assets | 215 | 279 | 317 | 355 | 396 | 463 | 453 | 581 | 740 | 961 | 1,590 | 1,791 |
Financials of Hi-Tech Pipes Ltd
Operating, investing and financing cash movement
| Mar 2015 | 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 + | 26 | 1 | 39 | 5 | 52 | 3 | 76 | 7 | 56 | -71 | 120 | |
| Cash from Investing Activity + | -19 | -19 | -28 | -34 | -31 | -31 | -27 | -41 | -79 | -125 | -496 | |
| Cash from Financing Activity + | -7 | 23 | -12 | 29 | -20 | 28 | -49 | 35 | 24 | 196 | 407 | |
| Net Cash Flow | 1 | 5 | -2 | -0 | 0 | -0 | -0 | 0 | 1 | 0 | 31 | |
| Free Cash Flow | 7 | -18 | 25 | -36 | 27 | -26 | 48 | -34 | -7 | -171 | -14 | |
| CFO/OP | 111% | 8% | 115% | 22% | 104% | 17% | 154% | 13% | 86% | -70% | 99% |
Financials of Hi-Tech Pipes Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 49 | 48 | 35 | 31 | 43 | 30 | 30 | 29 | 39 | 34 | 33 |
| Inventory Days | 62 | 85 | 81 | 61 | 43 | 58 | 54 | 48 | 54 | 48 | 49 | 54 |
| Days Payable | 36 | 31 | 37 | 17 | 21 | 23 | 19 | 21 | 33 | 22 | 37 | 41 |
| Cash Conversion Cycle | 68 | 102 | 92 | 78 | 53 | 78 | 65 | 58 | 49 | 66 | 45 | 46 |
| Working Capital Days | 11 | 23 | 13 | 12 | 8 | 14 | 17 | 17 | 27 | 32 | 40 | 38 |
| ROCE % | 14% | 15% | 15% | 17% | 17% | 11% | 12% | 16% | 14% | 11% | 11% | 9% |