Hi-Tech Pipes Ltd. expects to achieve revenue of around Rs 3,500-Rs 3,700 crore in fiscal 2025, driven by increased focus on value-added products, according to the company's Whole Time Director Anish Bansal.
The value-added products segment, which contributes 36% to the company's topline presently, could rise up to nearly half of the total revenue in the next two to three years. Hi-Tech Pipes has a series of new units coming up with more focus on value-added products, according to Bansal.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
“The new facility (in Sanand, Gujarat) is focused on value-added products. Our current VAP share is around 35%. Going down the line, it should rise up to 50%–55% in the next two years. All the new capacities coming are focused on higher value-added products,” he said.
“We have new plants coming up and churning has started from them...The margin will also increase because the share of value-added products has increased significantly. The steel prices have also gone up and that will give us a big tailwind going forward," he said.
Hi-Tech Pipes is focused on increasing its production capacity, adding 1 million tonnes to the volume by the end of this financial year, Bansal said.
“Out of this, 70% peak utilisation is possible. So that means we will have 6.5 to 7 lakh tonnes at disposal for FY26. With an Ebitda of Rs 4,000 plus per tonne, the company is poised well for good margin expansion from the current 5% mark,” he said.
Higher valuation will also enable the company to better-discount raw materials, Bansal said.
This Ebitda per tonne progression from the current Rs 3,500 per tonne will be achieved with a mix of volume and value growth, according to Bansal.
Hi-Tech Pipes will spend Rs 800 crore in the next two and a half years to drive the production volumes to 2 million tonnes. The capex will be done internally and externally if required.
The company's first quarter consolidated revenue rose 35% year-on-year to Rs 866.98 crore from Rs 642.16 crore in the year-ago period.
The company's profit after tax surged over 125% to Rs 18.05 crore in the April-June quarter, up from Rs 8.03 crore in the same period last year.
Watch The Video Here
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.