Hi-Tech Pipes share price today

Hi-Tech Pipes Ltd's share price was ₹77.61 at the close on 6 November 2026. It has been falling for 47 weeks. That is 6.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹64 and ₹107, and at that close it sat 33% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Hi-Tech Pipes Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 9.8 years the share price moved +411% while the NIFTY 500 moved +195%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: revenue up on a year earlier for 4 quarters in a row.

1. Revenue up on a year earlier for 4 quarters in a row

   In the June 2026 quarter revenue was ₹1,413 crore, +78.6% on a year earlier.

   Why: Revenue rose because new solar manufacturing capacity started producing more.

   Next results: check if sales volume stays close to the June quarter and improves in the second half as monsoon and geopolitical problems ease.

   From the earnings call on 13 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Hi-Tech Pipes reported revenue of ₹1,413 crore, up 78.6% from ₹791 crore a year earlier, and a profit of ₹20.0 crore, down 4.8% from ₹21.0 crore.

Hi-Tech Pipes results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Hi-Tech Pipes' management discussed these results on a call held on 13 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Hi-Tech Pipes closed at ₹77.61 on 6 November 2026, down 26.9% from ₹106.21 a year earlier (7 November 2025) and up 26.9% over five years. Its highest weekly close since January 2017 was ₹205.24 on 20 September 2024.

Hi-Tech Pipes share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

517 weekly closes from 20 January 2017 to 6 November 2026.

6 Nov 2026: Hi-Tech Pipes closed at ₹77.61, up 13.4% on the week and up 9.4% on the month. 13 Aug 2026: Hi-Tech Pipes held its results call for April to June 2026. Management guided: FY27 sales volume 6.5-7 lakh tonnes and FY28 sales volume 1 million tonnes.

Earlier

• Results for April to June 2026: Revenue up 78.6% and profit down 4.8% on a year earlier.

Hi-Tech Pipes paid no dividend in the 12 months to 7 November 2026. The last was a dividend of ₹0.03 a share, ex-date 19 September 2025.

Hi-Tech Pipes dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. Hi-Tech Pipes Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 9 of its last 11 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 7 November 2026.

On the call for April to June 2026, held on 13 August 2026, Hi-Tech Pipes' management guided: FY27 sales volume 6.5-7 lakh tonnes and FY28 sales volume 1 million tonnes.

“The majority will be in DFT and the coated steel segment. These will form the major share, along with API, because it will take a couple of months for the approvals and other processes. Going forward, API should contribute significantly to the company's bottom line.”Anish Bansal, Whole-time Director, on the call for April to June 2026

What management guided

• Added capacity requires around ₹650 crore total capital spending, including about ₹200 crore this year; ₹300-350 crore remains for FY28-FY29 after FY26.
• Sanand DFT Phase 3 operational October to December 2026; API pipes ready and Hindupur integrated facility operational January to March 2027.
• VAP mix planned at 45-50% in FY28 and operating profit per tonne in the ₹4,000 band by FY28 as DFT benefits arrive and rebates end.
• Large hollow-section data-center sales planned at 15-20,000 tonnes this year.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

When Hi-Tech Pipes reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 volumes to resemble Q1 and H2 to strengthen after monsoon and geopolitical easing - check whether seasonal delivery supports the annual range.

Hi-Tech Pipes is on one of our India lists: Penny stocks.

Hi-Tech Pipes Ltd earned ₹20.0 Cr of net profit in the Jun 2026 quarter, −4.8% on the same quarter a year earlier. Full-year FY26 profit was ₹76.0 Cr. Over 10 years profit has grown 28.9% a year on average. That is 1.4% of the quarter's revenue. The same quarter a year earlier earned ₹21.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹76.0 Cr (+4.1% on the year before).

Why profit moved: revenue changed +78.6% on a year earlier and the margin moved −1.5 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −1.1% and revenue +60.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

Hi-Tech Pipes Ltd reported ₹1,413 Cr of revenue in the Jun 2026 quarter, +78.6% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 23.6% a year on average. The last full year, FY26, came in at ₹4,200 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,822 Cr.

FY26 revenue was ₹4,200 Cr, +36.9% on the year before.

Recent pace: the last four quarters grew +60.6% on average, against 23.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +61.2%, against +28.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −1.3%, against +17.9% a year (rolling over).

Hi-Tech Pipes Ltd's operating margin was 3.5% in the Jun 2026 quarter, 1.5 percentage points lower than the same quarter a year ago. Across 11 years it has been between 4.1% and 6.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.7 percentage points on the year while gross margin changed −3.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years Hi-Tech Pipes Ltd's operations used more cash than they brought in, so cash conversion was −11%, a gap worth watching. In FY26 it brought in ₹3.0 Cr of operating cash against ₹76.0 Cr of profit. After ₹178 Cr of spending on assets, free cash was −₹175 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −11% of profit came in as cash: the cash cycle got 57 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 57 days longer. The next section looks at where the cash is stuck.

Hi-Tech Pipes Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 132 days in FY26, up from 75 days in FY21. It spent ₹477 Cr on assets over the last 3 years. Customers take 39 days to pay, and stock sits for 266 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,200 Cr, each day of that cycle ties up about ₹11.5 Cr, so roughly ₹1,519 Cr is tied up in the business at any time.

FY26: customers took 39 days to pay and stock sat for 266 days, about 8.8 months of sales sitting as stock, for a full cycle of 132 days, longer than FY21's 75.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 266 days. Customers pay about 39 days after that. Suppliers are paid at 173 days. Together that makes the 132-day cycle.

Spending on assets: ₹477 Cr over the last 3 years, against ₹63.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹103 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Hi-Tech Pipes Ltd's P/E is 21.0×, in the middle of its own history: higher than 46% of past readings. Its usual P/E (the middle reading) is 21.8×, over 9.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.