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Commentary (9 May 2024 @ 05:59):

Hi-Tech Pipes Limited manufactures and sells steel products for infrastructure, constructions, automobiles, energy, agriculture, defense, engineering, and telecom industries in India...

Stats
Today's Volume	359 307
Average Volume	1.39M
Market Cap	17.57B
EPS	INR0 ( 2024-01-12 )
Next earnings date	( INR0 ) 2024-05-11
Last Dividend	INR0.0250 ( 2023-09-22 )
Next Dividend	INR0 ( N/A )
P/E	43.10
ATR14	INR0.260 (0.21%)

Volume Correlation

Long: 0.12 (neutral)

Short: -0.67 (moderate negative)

Signal:(55.731) Neutral

Hi-Tech Pipes Limited Correlation

10 Most Positive Correlations
SINTEX.NS	0.954
ASTRAL.NS	0.928
OSIAHYPER.NS	0.919
GILLETTE.NS	0.899
CGCL.NS	0.898
SVPGLOB.NS	0.892
HGS.NS	0.892
THEINVEST.NS	0.89
GRINFRA.NS	0.888
GRMOVER.NS	0.887

10 Most Negative Correlations
JTLINFRA.NS	-0.922
FINCABLES.NS	-0.919
MGL.NS	-0.914
MEGH.NS	-0.914
TARMAT.NS	-0.914
FOSECOIND.NS	-0.912
DCAL.NS	-0.903
BSELINFRA.NS	-0.893
SONATSOFTW.NS	-0.893
SCHAND.NS	-0.89

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Hi-Tech Pipes Limited Correlation - Currency/Commodity

0.24
( neutral )

0.47
( neutral )

0.78
( moderate )

0.07
( neutral )

0.18
( neutral )

-0.46
( neutral )

Hi-Tech Pipes Limited Financials

Annual	2022
Revenue:	INR23.86B
Gross Profit:	INR2.12B (8.87 %)
EPS:	INR3.05

FY	2022
Revenue:	INR23.86B
Gross Profit:	INR2.12B (8.87 %)
EPS:	INR3.05

FY	2022
Revenue:	INR18.77B
Gross Profit:	INR1.78B (9.48 %)
EPS:	INR3.38

FY	2021
Revenue:	INR13.41B
Gross Profit:	INR1.30B (9.73 %)
EPS:	INR20.85

Financial Reports:

No articles found.

Hi-Tech Pipes Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0.0500 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0.0250 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Hi-Tech Pipes Limited Dividend Information - Dividend Junior

Dividend Sustainability Score: 1.955 - low (50.00%) | Divividend Growth Potential Score: 3.44 - Decrease likely (31.19%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.0500	2016-09-21
Last Dividend	INR0.0250	2023-09-22
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	7	--
Total Paid Out	INR0.225	--
Avg. Dividend % Per Year	0.04%	--
Score	1.09	--
Div. Sustainability Score	1.955
Div.Growth Potential Score	3.44
Div. Directional Score	2.70	--

Next Divdend (Est)
(2024-08-12)

INR0.0191 Estimate 3.02 %

Dividend Stability

0.24 Very Poor

Dividend Score

1.09

Pay Frequency

Sporadic

Yearly Payout

Year	Amount	Yield
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR0.0250	0.01%
2019	INR0.0250	0.12%
2020	INR0.0250	0.17%
2021	INR0	0.00%
2022	INR0.0500	0.09%
2023	INR0.0250	0.03%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

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Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0179	1.500	9.64	10.00	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.112	1.500	9.87	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	2.81	1.000	-0.0718	-0.0718	[3 - 30]
operatingCashFlowPerShareTTM	2.25	2.00	9.25	10.00	[0 - 30]
freeCashFlowPerShareTTM	2.25	2.00	8.88	10.00	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.0854	1.000	-1.909	-1.909	[0.2 - 0.8]
operatingProfitMarginTTM	0.0369	1.000	-1.263	-1.263	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				1.955

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	34.32	1.000	6.63	0	[1 - 100]
returnOnEquityTTM	0.112	2.50	9.91	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	2.25	2.00	9.25	10.00	[0 - 30]
dividendYielPercentageTTM	0.0197	1.500	9.51	0	[0 - 0.4]
operatingCashFlowPerShareTTM	2.25	2.00	9.25	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	-3.52	1.500	-10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0109	1.000	-2.23	0	[0.1 - 0.5]
Total Score				3.44

Hi-Tech Pipes Limited

Hi-Tech Pipes Limited manufactures and sells steel products for infrastructure, constructions, automobiles, energy, agriculture, defense, engineering, and telecom industries in India. It offers ERW black steel pipes and tubes used in fencing, line pipes, scaffolding, water and gas conveyance, oil country tubular, hand pumps, collieries, thermal powers, telecom, automobiles, and agriculture sector; rectangular and hollow sections; galvanized and pre-galvanized steel pipes and tubes; metal beam crash barriers for applications, such as national highways, expressways, bridges and flyovers, embankments, mines, collieries, high density fast moving traffic areas in cities, motor racing/test drove tracks, village areas along highways, crash test sites, factory areas, traffic safety in airports, plants handling hazardous chemicals, and multi-story parking lots. The company also provides cold rolled sheets and strips used in precision tubes, containers, bicycles, furniture, color coating, galvanizing and tinning, and automobile industry to produce car body panels; and cold formed sections, as well as solar mounting structures and various other galvanized products. It operates through a network of approximately 200 distributors and 300 dealers. Hi-Tech Pipes Limited also exports its products. The company was formerly known as Ram Lal Harbans Lal Limited and changed its name to Hi-Tech Pipes Limited in October 1986. Hi-Tech Pipes Limited was incorporated in 1985 and is headquartered in New Delhi, India.

Realtime updates for Hi-Tech Pipes Limited [HITECH.NS]

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Hi-Tech Pipes Limited Dividend Information - Dividend Junior

Dividend Commentary

Top 10 dividend Companies for NSE

Dividend Sustainability Score (DSS)

Dividend Growth Score (DGS)