Steel Pipes Stock Under Rs 100 In Green AS Board Likely to Announce Dividend Next Week
The stock is up by 17.65 per cent from its 52-week low of Rs 81.56 per share.
On Monday, shares of Hi-Tech Pipes Ltd gained 2.1 per cent to Rs 95.95 per share from their previous closing of Rs 93.99 per share. The stock’s 52-week high is Rs 210.75 per share and its 52-week low is Rs 81.56 per share.
A Board of Directors meeting for Hi-Tech Pipes Limited is scheduled for Monday, May 26, 2025. The key agenda items include considering and approving the Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2025, and discussing a final dividend, if any, on equity shares for the same financial year.
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 galvanised 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.
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Hi-Tech Pipes Limited achieved its highest-ever annual sales volume of 485,447 MT in FY25, a 24% year-on-year growth. Q4 FY25 sales also increased by 8% to 116,032 MT. This growth is driven by strong demand in the infrastructure and construction sectors. The company, which produces steel pipes and galvanised products from six facilities, aims for a 1 million tonne production capacity by FY26. With a wide distribution network, Hi-Tech Pipes is well-positioned for continued growth.
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 1,900 crore. The stock is up by 17.65 per cent from its 52-week low of Rs 81.56 per share.
Disclaimer: The article is for informational purposes only and not investment advice.