Steel Pipes Stock Under Rs 120; Company Reports Record-Breaking Sales Volume Growth; Details Inside

The stock is up by 13.7 per cent from its 52-week low of Rs 96.05 per share.

Hi-Tech Pipes Limited, a prominent Indian manufacturer of ERW steel pipes, has announced a significant achievement in its sales performance for the fiscal year ending March 31, 2025. The company reported its highest-ever annual sales volume, reaching 4,85,447 MT, which represents a 24 per cent year-on-year growth compared to 3,91,147 MT in the previous fiscal year. The quarterly sales for Q4 FY25 also showed an 8 per cent increase, totalling 1,16,032 MT, up from 1,07,721 MT in Q4FY24.

This growth is attributed to sustained demand across the infrastructure and construction sectors. Hi-Tech Pipes Limited continues to maintain its strong presence in the steel processing industry, offering a diverse range of products including steel pipes, hollow sections, tubes, and various galvanized products. The company operates six state-of-the-art manufacturing facilities across India and is on track to reach a production capacity of 1 million tonnes by FY26. With a direct marketing presence in over 20 states and a robust network of more than 500 dealers and distributors, Hi-Tech Pipes Limited is well-positioned to capitalize on the growing demand in its sector.

Hi-Tech Pipes Limited, a leading Indian steel processing company with 40 years of experience, offers a wide range of high-quality products. These include steel pipes, hollow sections, tubes, solar torque tubes, cold-rolled coils and strips, road crash barriers, solar mounting structures, galvanised plain/corrugated sheets, colour-coated coils, and other galvanized products. With six advanced manufacturing facilities across India, Hi-Tech Pipes has a current installed capacity of 750,000 metric tons per annum (MTPA) and aims to reach 1 million MTPA by the fiscal year 2025. The company's extensive distribution network includes over 450 dealers nationwide, ensuring a strong market reach. Notably, Hi-Tech Pipes' solar torque tubes play a vital role in India's booming solar energy industry.

FIIs & DIIs Purchase Stake: In December 2024, FIIs bought 34,94,557 shares and increased their stake to 9.79 per cent and DIIs bought 1,74,62,311 shares and increased their stake to 17.32 per cent compared to September 2024.

Results: According to Quarterly Results, the net sales increased by 21 per cent to Rs 761.02 crore and net profit increased by 34 per cent to Rs 19.15 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 16 per cent to Rs 2,333.89 crore and the net profit increased by 69 per cent to Rs 55.31 crore in 9MFY25 compared to 9MFY24. In FY24, the company reported net sales of Rs 2,699.29 crore and a net profit of Rs 43.93 crore.

The company has a market cap of over Rs 2,200 crore. The stock is up by 13.7 per cent from its 52-week low of Rs 96.05 per share. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.