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Commentary (3 Jun 2024 @ 01:32):

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	147 950
Average Volume	1.00M
Market Cap	18.53B
EPS	INR0 ( 2024-05-11 )
Next earnings date	( INR0 ) 2024-08-07
Last Dividend	INR0.0250 ( 2023-09-22 )
Next Dividend	INR0 ( N/A )
P/E	45.29
ATR14	INR0.277 (0.22%)

Volume Correlation

Long: -0.04 (neutral)

Short: -0.17 (neutral)

Signal:(45.537) Neutral

Hi-Tech Pipes Limited Correlation

10 Most Positive Correlations

10 Most Negative Correlations

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

0.09
( neutral )

-0.02
( neutral )

0.00
( neutral )

0.12
( neutral )

0.05
( neutral )

Hi-Tech Pipes Limited Financials

Annual	2023
Revenue:	INR26.99B
Gross Profit:	INR1.90B (7.03 %)
EPS:	INR3.30

FY	2023
Revenue:	INR26.99B
Gross Profit:	INR1.90B (7.03 %)
EPS:	INR3.30

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

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: 6.23 - average (74.51%) | Divividend Growth Potential Score: 3.36 - Decrease likely (32.87%)

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	1.72	--
Div. Sustainability Score	6.23
Div.Growth Potential Score	3.36
Div. Directional Score	4.79	--

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

INR0.0191 Estimate 3.02 %

Dividend Stability

0.24 Very Poor

Dividend Score

1.72

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

With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. 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.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
SUNDARMFIN.NS	Dividend Knight	2023-07-05	Semi-Annually	23	0.70%
MURUDCERA.NS	Dividend Junior	2023-09-14	Sporadic	21	0.33%
HDFCLIFE.NS	Dividend Junior	2023-06-16	Sporadic	8	0.18%
BEL.NS	Dividend Knight	2023-08-17	Semi-Annually	23	1.51%
RESPONIND.NS	Dividend Knight	2023-09-08	Annually	14	0.05%
KPITTECH.NS	Dividend Knight	2023-08-14	Annually	6	0.47%
EMAMIPAP.NS	Dividend Junior	2023-09-05	Annually	3	0.56%
AGI.NS	Dividend Junior	2023-08-24	Annually	23	1.71%
TCI.NS	Dividend Knight	2023-07-25	Semi-Annually	23	0.70%
NIPPOBATRY.NS	Dividend Junior	2023-09-20	Annually	23	1.06%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0163	1.500	9.67	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0373	1.200	8.76	10.00	[0 - 0.3]
returnOnEquityTTM	0.0927	1.500	-0.0811	-0.122	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	1.536	0.800	7.32	5.86	[1 - 3]
quickRatioTTM	0.708	0.800	-0.541	-0.433	[0.8 - 2.5]
cashRatioTTM	0.0558	1.500	-0.801	-1.202	[0.2 - 2]
debtRatioTTM	0.310	-1.500	4.83	-7.24	[0 - 0.6]
interestCoverageTTM	2.41	1.000	-0.219	-0.219	[3 - 30]
operatingCashFlowPerShareTTM	1.184	2.00	9.61	10.00	[0 - 30]
freeCashFlowPerShareTTM	1.184	2.00	9.41	10.00	[0 - 20]
debtEquityRatioTTM	0.635	-1.500	7.46	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.0821	1.000	-1.965	-1.965	[0.2 - 0.8]
operatingProfitMarginTTM	0.0373	1.000	-1.253	-1.253	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.0522	1.000	-0.821	-0.821	[0.2 - 2]
assetTurnoverTTM	2.29	0.800	10.00	8.00	[0.5 - 2]
Total Score				6.23

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	44.66	1.000	5.59	0	[1 - 100]
returnOnEquityTTM	0.0927	2.50	-0.0522	-0.122	[0.1 - 1.5]
freeCashFlowPerShareTTM	1.184	2.00	9.61	10.00	[0 - 30]
dividendYielPercentageTTM	0.0205	1.500	9.49	0	[0 - 0.4]
operatingCashFlowPerShareTTM	1.184	2.00	9.61	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	1.957	1.500	0.285	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.00707	1.000	-2.32	0	[0.1 - 0.5]
Total Score				3.36

Hi-Tech Pipes Limited Options Data

Calls

Contract Name	Last Trade Date (EDT)	Strike	Last Price	Bid	Ask	Change	% Change	Volume	Open Interest	Implied Volatility	Strike Date
No data available

Puts

Contract Name	Last Trade Date (EDT)	Strike	Last Price	Bid	Ask	Change	% Change	Volume	Open Interest	Implied Volatility	Strike Date
No data available

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.