Hi-Tech Pipes Limited is a mid-sized Indian steel processing company focused on ERW steel pipes, hollow sections, cold-rolled coils/strips, galvanised products, road crash barriers and solar mounting structures, catering to infrastructure, construction, auto, energy, oil & gas, agriculture, defence and telecom sectors. (tipranks.com)

Business & capacity snapshot (FY25–FY26)

- Operates 6 integrated manufacturing facilities across India with installed capacity of around 7.5 lakh tonnes per annum, targeting a long-term vision of ~2 million tonnes by FY29 through ongoing greenfield and brownfield expansions (Sikandrabad, Sanand, etc.). (arihantcapital.com)

- Strong positioning in value-added products such as solar torque tubes, high-specification pipes for infra and renewables, and API-grade pipes under development for oil & gas and water transmission. (icicidirect.com)

Latest operating / financial trend (Q2 FY26)

- Record sales volumes: ~1,25,218 MT in Q2 FY26, up ~1.8% YoY; H1 FY26 volumes ~2,49,245 MT, up ~1.7% YoY. (capitalmarket.com)

- Revenue from operations Q2 FY26: ~₹858.8 crore, ~21.7% YoY growth and ~8.5% QoQ growth, indicating improved realisations/mix vs last year. (business-standard.com)

- EBITDA Q2 FY26: ~₹44.3 crore with EBITDA/ton up slightly YoY, suggesting stable operating efficiency despite input cost and demand challenges. (icicidirect.com)

- Net profit Q2 FY26: ~₹20.3 crore, up ~11–12% YoY even as operating profit was impacted, supported by efficiencies and product mix. (business-standard.com)

Key positives (illustrative, not advice)

- Established franchise in steel tubes/pipes with diversified end-use sectors and value-added products. (tipranks.com)

- Capacity expansion nearing completion could support higher volumes over the next few years. (capitalmarket.com)

- Focus on higher-margin segments (solar torque tubes, API-grade pipes, infra products) aims to improve profitability mix. (icicidirect.com)

Key risks / monitorables (illustrative)

- Cyclical exposure to steel prices and infrastructure/real-estate capex cycles.

- Execution and ramp-up risks from new capacities; any delay can impact return ratios. (icicidirect.com)

- Working-capital management and leverage need continuous monitoring in a capex-heavy phase.

Price & further details

- For the latest share price and trading data, please refer directly to NSE/BSE or your broker’s terminal; live tick data is not provided here.

- For more detailed financials and quarterly results, you can refer to public sources such as the company’s filings on stock exchanges or websites like Business Standard, ICICI Direct, etc. (business-standard.com)

If you have any further queries, please connect with us on 022-6290-10141 (Timings : 09.00 AM to 05.00 PM) or you can email us on info@cniinfoxchange.com