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Hi-Tech Pipes Limited
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Let's analyse Hi-Tech Pipes Limited together

PenkeI guess you are interested in Hi-Tech Pipes Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Hi-Tech Pipes Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Hi-Tech Pipes Limited (30 sec.)










What can you expect buying and holding a share of Hi-Tech Pipes Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR24.07
Expected worth in 1 year
INR51.31
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR27.39
Return On Investment
19.6%

For what price can you sell your share?

Current Price per Share
INR139.75
Expected price per share
INR97.65 - INR170.00
How sure are you?
50%

1. Valuation of Hi-Tech Pipes Limited (5 min.)




Live pricePrice per Share (EOD)

INR139.75

Intrinsic Value Per Share

INR13.90 - INR26.05

Total Value Per Share

INR37.97 - INR50.12

2. Growth of Hi-Tech Pipes Limited (5 min.)




Is Hi-Tech Pipes Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$50.1m$31m$19.1m38.1%

How much money is Hi-Tech Pipes Limited making?

Current yearPrevious yearGrowGrow %
Making money$4.5m$4.8m-$317.3k-7.0%
Net Profit Margin1.6%2.1%--

How much money comes from the company's main activities?

3. Financial Health of Hi-Tech Pipes Limited (5 min.)




4. Comparing to competitors in the Steel industry (5 min.)




  Industry Rankings (Steel)  


Richest
#269 / 330

Most Revenue
#142 / 330

Most Profit
#169 / 330

Most Efficient
#207 / 330

What can you expect buying and holding a share of Hi-Tech Pipes Limited? (5 min.)

Welcome investor! Hi-Tech Pipes Limited's management wants to use your money to grow the business. In return you get a share of Hi-Tech Pipes Limited.

What can you expect buying and holding a share of Hi-Tech Pipes Limited?

First you should know what it really means to hold a share of Hi-Tech Pipes Limited. And how you can make/lose money.

Speculation

The Price per Share of Hi-Tech Pipes Limited is INR139.75. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Hi-Tech Pipes Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Hi-Tech Pipes Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR24.07. Based on the TTM, the Book Value Change Per Share is INR6.81 per quarter. Based on the YOY, the Book Value Change Per Share is INR3.56 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.04 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Hi-Tech Pipes Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.020.0%0.020.0%0.030.0%0.020.0%0.020.0%
Usd Book Value Change Per Share0.080.1%0.080.1%0.040.0%0.040.0%0.030.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.080.1%0.080.1%0.040.0%0.040.0%0.030.0%
Usd Price Per Share0.96-0.96-0.60-0.97-0.61-
Price to Earnings Ratio48.97-48.97-18.73-44.78-30.52-
Price-to-Total Gains Ratio11.66-11.66-13.98-30.02-23.39-
Price to Book Ratio3.32-3.32-2.92-6.60-4.63-
Price-to-Total Gains Ratio11.66-11.66-13.98-30.02-23.39-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.677
Number of shares596
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.080.04
Usd Total Gains Per Share0.080.04
Gains per Quarter (596 shares)48.9723.78
Gains per Year (596 shares)195.8695.12
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1119518619485
223903822189180
335855782283275
447797743377370
559749704472465
66116911665566560
77136413626660655
88155915586755750
99175417547849845
1010194919508943940

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%

Fundamentals of Hi-Tech Pipes Limited

About 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 GI pipes for agriculture and poly houses; steel pipes that are used for firefighting in commercial buildings and housing projects, as well as railing, fencing, road signs, cladding, furniture and containers, solar mounting structure, roof top sheds, infrastructure, airport, and metro stations; casing pipes for use in borewell and water; structural pipes for poles and railings, scaffolding, casing columns, and telecom tower applications; cold rolled coils and strips, which are used in housing, automobile, office furniture, electric lamination, precision tubes and pipes, and white goods industries; and steel hollow section pipes for construction projects. The company also provides metal beam crash barriers for applications, such as national highways, expressways, bridges and flyovers, high embankments/sharp curves and banks, mines, collieries, high-density fast-moving traffic areas, village areas along highways, motor racing/test drove tracks, crash test sites, factory areas, traffic safety in airports, plants handling hazardous chemicals, and multi-story parking; solar torque tubes for renewable energy industry; and GC steel sheets and color coated roofing sheets for housing industry. It operates through a network of approximately 450 dealers and distributors. The company also exports its products. Hi-Tech Pipes Limited 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.

Fundamental data was last updated by Penke on 2024-03-10 00:01:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Hi-Tech Pipes Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Hi-Tech Pipes Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Hi-Tech Pipes Limited to the Steel industry mean.
  • A Net Profit Margin of 1.6% means that ₹0.02 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Hi-Tech Pipes Limited:

  • The MRQ is 1.6%. The company is making a profit. +1
  • The TTM is 1.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.6%TTM1.6%0.0%
TTM1.6%YOY2.1%-0.6%
TTM1.6%5Y1.8%-0.2%
5Y1.8%10Y1.7%+0.1%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6%2.6%-1.0%
TTM1.6%2.9%-1.3%
YOY2.1%4.8%-2.7%
5Y1.8%3.5%-1.7%
10Y1.7%2.9%-1.2%
1.1.2. Return on Assets

Shows how efficient Hi-Tech Pipes Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Hi-Tech Pipes Limited to the Steel industry mean.
  • 4.1% Return on Assets means that Hi-Tech Pipes Limited generated ₹0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Hi-Tech Pipes Limited:

  • The MRQ is 4.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.1%TTM4.1%0.0%
TTM4.1%YOY5.2%-1.1%
TTM4.1%5Y4.4%-0.3%
5Y4.4%10Y3.8%+0.6%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ4.1%1.1%+3.0%
TTM4.1%1.2%+2.9%
YOY5.2%1.9%+3.3%
5Y4.4%1.3%+3.1%
10Y3.8%1.0%+2.8%
1.1.3. Return on Equity

Shows how efficient Hi-Tech Pipes Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Hi-Tech Pipes Limited to the Steel industry mean.
  • 9.0% Return on Equity means Hi-Tech Pipes Limited generated ₹0.09 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Hi-Tech Pipes Limited:

  • The MRQ is 9.0%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ9.0%TTM9.0%0.0%
TTM9.0%YOY15.6%-6.6%
TTM9.0%5Y13.2%-4.2%
5Y13.2%10Y13.2%+0.1%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ9.0%2.0%+7.0%
TTM9.0%2.2%+6.8%
YOY15.6%3.8%+11.8%
5Y13.2%2.4%+10.8%
10Y13.2%1.8%+11.4%

1.2. Operating Efficiency of Hi-Tech Pipes Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Hi-Tech Pipes Limited is operating .

  • Measures how much profit Hi-Tech Pipes Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Hi-Tech Pipes Limited to the Steel industry mean.
  • An Operating Margin of 3.8% means the company generated ₹0.04  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Hi-Tech Pipes Limited:

  • The MRQ is 3.8%. The company is operating less efficient.
  • The TTM is 3.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ3.8%TTM3.8%0.0%
TTM3.8%YOY4.7%-0.9%
TTM3.8%5Y4.4%-0.6%
5Y4.4%10Y4.7%-0.3%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ3.8%5.9%-2.1%
TTM3.8%3.4%+0.4%
YOY4.7%6.1%-1.4%
5Y4.4%5.6%-1.2%
10Y4.7%4.1%+0.6%
1.2.2. Operating Ratio

Measures how efficient Hi-Tech Pipes Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 0.96 means that the operating costs are ₹0.96 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Hi-Tech Pipes Limited:

  • The MRQ is 0.963. The company is less efficient in keeping operating costs low.
  • The TTM is 0.963. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.963TTM0.9630.000
TTM0.963YOY0.952+0.010
TTM0.9635Y0.955+0.007
5Y0.95510Y0.953+0.003
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9631.706-0.743
TTM0.9631.629-0.666
YOY0.9521.488-0.536
5Y0.9551.527-0.572
10Y0.9531.306-0.353

1.3. Liquidity of Hi-Tech Pipes Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Hi-Tech Pipes Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 1.46 means the company has ₹1.46 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Hi-Tech Pipes Limited:

  • The MRQ is 1.459. The company is just able to pay all its short-term debts.
  • The TTM is 1.459. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.459TTM1.4590.000
TTM1.459YOY1.428+0.031
TTM1.4595Y1.337+0.122
5Y1.33710Y1.277+0.060
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4591.669-0.210
TTM1.4591.736-0.277
YOY1.4281.669-0.241
5Y1.3371.615-0.278
10Y1.2771.436-0.159
1.3.2. Quick Ratio

Measures if Hi-Tech Pipes Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Hi-Tech Pipes Limited to the Steel industry mean.
  • A Quick Ratio of 0.60 means the company can pay off ₹0.60 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Hi-Tech Pipes Limited:

  • The MRQ is 0.598. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.598. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.598TTM0.5980.000
TTM0.598YOY0.720-0.122
TTM0.5985Y0.632-0.034
5Y0.63210Y0.556+0.075
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5980.612-0.014
TTM0.5980.647-0.049
YOY0.7200.717+0.003
5Y0.6320.693-0.061
10Y0.5560.633-0.077

1.4. Solvency of Hi-Tech Pipes Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Hi-Tech Pipes Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Hi-Tech Pipes Limited to Steel industry mean.
  • A Debt to Asset Ratio of 0.54 means that Hi-Tech Pipes Limited assets are financed with 54.3% credit (debt) and the remaining percentage (100% - 54.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Hi-Tech Pipes Limited:

  • The MRQ is 0.543. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.543. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.543TTM0.5430.000
TTM0.543YOY0.664-0.121
TTM0.5435Y0.654-0.110
5Y0.65410Y0.705-0.051
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5430.447+0.096
TTM0.5430.449+0.094
YOY0.6640.477+0.187
5Y0.6540.487+0.167
10Y0.7050.510+0.195
1.4.2. Debt to Equity Ratio

Measures if Hi-Tech Pipes Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Hi-Tech Pipes Limited to the Steel industry mean.
  • A Debt to Equity ratio of 119.0% means that company has ₹1.19 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Hi-Tech Pipes Limited:

  • The MRQ is 1.190. The company is able to pay all its debts with equity. +1
  • The TTM is 1.190. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.190TTM1.1900.000
TTM1.190YOY1.975-0.785
TTM1.1905Y1.959-0.770
5Y1.95910Y2.578-0.618
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1900.812+0.378
TTM1.1900.848+0.342
YOY1.9750.938+1.037
5Y1.9590.997+0.962
10Y2.5781.192+1.386

2. Market Valuation of Hi-Tech Pipes Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Hi-Tech Pipes Limited generates.

  • Above 15 is considered overpriced but always compare Hi-Tech Pipes Limited to the Steel industry mean.
  • A PE ratio of 48.97 means the investor is paying ₹48.97 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Hi-Tech Pipes Limited:

  • The EOD is 85.706. Based on the earnings, the company is expensive. -2
  • The MRQ is 48.971. Based on the earnings, the company is overpriced. -1
  • The TTM is 48.971. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD85.706MRQ48.971+36.736
MRQ48.971TTM48.9710.000
TTM48.971YOY18.729+30.241
TTM48.9715Y44.778+4.193
5Y44.77810Y30.524+14.254
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD85.7068.509+77.197
MRQ48.9717.916+41.055
TTM48.9717.165+41.806
YOY18.7296.986+11.743
5Y44.7788.371+36.407
10Y30.52411.042+19.482
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Hi-Tech Pipes Limited:

  • The EOD is 37.701. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 21.541. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 21.541. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD37.701MRQ21.541+16.159
MRQ21.541TTM21.5410.000
TTM21.541YOY-15.822+37.363
TTM21.5415Y47.259-25.718
5Y47.25910Y22.871+24.389
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD37.7013.022+34.679
MRQ21.5412.944+18.597
TTM21.5412.158+19.383
YOY-15.8221.434-17.256
5Y47.2590.944+46.315
10Y22.8711.561+21.310
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Hi-Tech Pipes Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 3.32 means the investor is paying ₹3.32 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Hi-Tech Pipes Limited:

  • The EOD is 5.807. Based on the equity, the company is overpriced. -1
  • The MRQ is 3.318. Based on the equity, the company is fair priced.
  • The TTM is 3.318. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD5.807MRQ3.318+2.489
MRQ3.318TTM3.3180.000
TTM3.318YOY2.920+0.398
TTM3.3185Y6.603-3.285
5Y6.60310Y4.631+1.972
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD5.8071.005+4.802
MRQ3.3180.953+2.365
TTM3.3180.958+2.360
YOY2.9201.077+1.843
5Y6.6031.064+5.539
10Y4.6311.127+3.504
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Hi-Tech Pipes Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--6.8116.8110%3.564+91%3.298+107%2.674+155%
Book Value Per Share--24.06524.0650%17.254+39%15.277+58%10.740+124%
Current Ratio--1.4591.4590%1.428+2%1.337+9%1.277+14%
Debt To Asset Ratio--0.5430.5430%0.664-18%0.654-17%0.705-23%
Debt To Equity Ratio--1.1901.1900%1.975-40%1.959-39%2.578-54%
Dividend Per Share--0.0350.0350%0.041-14%0.027+28%0.029+22%
Eps--1.6311.6310%2.690-39%1.805-10%1.377+18%
Free Cash Flow Per Share--3.7073.7070%-3.185+186%0.477+677%-0.363+110%
Free Cash Flow To Equity Per Share--1.8531.8530%-0.021+101%0.478+288%0.308+501%
Gross Profit Margin--0.8750.8750%0.569+54%0.585+50%0.638+37%
Intrinsic Value_10Y_max--26.050--------
Intrinsic Value_10Y_min--13.904--------
Intrinsic Value_1Y_max--1.107--------
Intrinsic Value_1Y_min--0.715--------
Intrinsic Value_3Y_max--4.471--------
Intrinsic Value_3Y_min--2.749--------
Intrinsic Value_5Y_max--9.217--------
Intrinsic Value_5Y_min--5.425--------
Market Cap20946568500.000+34%13872979300.00013872979300.0000%7552755540.000+84%12517485632.000+11%7870628304.444+76%
Net Profit Margin--0.0160.0160%0.021-26%0.018-14%0.017-6%
Operating Margin--0.0380.0380%0.047-18%0.044-14%0.047-19%
Operating Ratio--0.9630.9630%0.952+1%0.955+1%0.953+1%
Pb Ratio5.807+43%3.3183.3180%2.920+14%6.603-50%4.631-28%
Pe Ratio85.706+43%48.97148.9710%18.729+161%44.778+9%30.524+60%
Price Per Share139.750+43%79.85079.8500%50.390+58%80.972-1%51.099+56%
Price To Free Cash Flow Ratio37.701+43%21.54121.5410%-15.822+173%47.259-54%22.871-6%
Price To Total Gains Ratio20.412+43%11.66311.6630%13.976-17%30.017-61%23.393-50%
Quick Ratio--0.5980.5980%0.720-17%0.632-5%0.556+7%
Return On Assets--0.0410.0410%0.052-21%0.044-7%0.038+8%
Return On Equity--0.0900.0900%0.156-42%0.132-32%0.132-31%
Total Gains Per Share--6.8466.8460%3.605+90%3.325+106%2.703+153%
Usd Book Value--50173032.00050173032.0000%31034280.000+62%28855332.000+74%20082405.333+150%
Usd Book Value Change Per Share--0.0820.0820%0.043+91%0.040+107%0.032+155%
Usd Book Value Per Share--0.2890.2890%0.207+39%0.183+58%0.129+124%
Usd Dividend Per Share--0.0000.0000%0.000-14%0.000+28%0.000+22%
Usd Eps--0.0200.0200%0.032-39%0.022-10%0.017+18%
Usd Free Cash Flow--7728192.0007728192.0000%-5728416.000+174%1070227.200+622%-535866.667+107%
Usd Free Cash Flow Per Share--0.0440.0440%-0.038+186%0.006+677%-0.004+110%
Usd Free Cash Flow To Equity Per Share--0.0220.0220%0.000+101%0.006+288%0.004+501%
Usd Market Cap251358822.000+34%166475751.600166475751.6000%90633066.480+84%150209827.584+11%94447539.653+76%
Usd Price Per Share1.677+43%0.9580.9580%0.605+58%0.972-1%0.613+56%
Usd Profit--4521768.0004521768.0000%4839144.000-7%3565156.800+27%2551662.667+77%
Usd Revenue--286301688.000286301688.0000%225278856.000+27%196048920.000+46%143768952.000+99%
Usd Total Gains Per Share--0.0820.0820%0.043+90%0.040+106%0.032+153%
 EOD+4 -4MRQTTM+0 -0YOY+20 -165Y+25 -1110Y+29 -7

3.2. Fundamental Score

Let's check the fundamental score of Hi-Tech Pipes Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1585.706
Price to Book Ratio (EOD)Between0-15.807
Net Profit Margin (MRQ)Greater than00.016
Operating Margin (MRQ)Greater than00.038
Quick Ratio (MRQ)Greater than10.598
Current Ratio (MRQ)Greater than11.459
Debt to Asset Ratio (MRQ)Less than10.543
Debt to Equity Ratio (MRQ)Less than11.190
Return on Equity (MRQ)Greater than0.150.090
Return on Assets (MRQ)Greater than0.050.041
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Hi-Tech Pipes Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.008
Ma 20Greater thanMa 50130.440
Ma 50Greater thanMa 100141.808
Ma 100Greater thanMa 200128.268
OpenGreater thanClose137.000
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets9,155,238
Total Liabilities4,974,152
Total Stockholder Equity4,181,086
 As reported
Total Liabilities 4,974,152
Total Stockholder Equity+ 4,181,086
Total Assets = 9,155,238

Assets

Total Assets9,155,238
Total Current Assets5,513,353
Long-term Assets3,641,885
Total Current Assets
Cash And Cash Equivalents 18,889
Short-term Investments 192,776
Net Receivables 1,855,225
Inventory 3,067,620
Other Current Assets 378,843
Total Current Assets  (as reported)5,513,353
Total Current Assets  (calculated)5,513,353
+/-0
Long-term Assets
Property Plant Equipment 3,229,458
Intangible Assets 5,654
Long-term Assets Other 389,770
Long-term Assets  (as reported)3,641,885
Long-term Assets  (calculated)3,624,882
+/- 17,003

Liabilities & Shareholders' Equity

Total Current Liabilities3,779,026
Long-term Liabilities1,195,126
Total Stockholder Equity4,181,086
Total Current Liabilities
Short-term Debt 1,410,824
Short Long Term Debt 1,410,824
Accounts payable 1,741,637
Other Current Liabilities 87,972
Total Current Liabilities  (as reported)3,779,026
Total Current Liabilities  (calculated)4,651,257
+/- 872,231
Long-term Liabilities
Long term Debt Total 155,421
Long term Debt 940,267
Other Liabilities 254,859
Long-term Liabilities Other 1
Long-term Liabilities  (as reported)1,195,126
Long-term Liabilities  (calculated)1,350,548
+/- 155,422
Total Stockholder Equity
Common Stock127,811
Retained Earnings 1,862,373
Accumulated Other Comprehensive Income 1,223,275
Capital Surplus 188,000
Other Stockholders Equity 967,627
Total Stockholder Equity (as reported)4,181,086
Total Stockholder Equity (calculated)4,369,086
+/- 188,000
Other
Capital Stock127,811
Cash and Short Term Investments 211,665
Common Stock Shares Outstanding 173,738
Current Deferred Revenue538,593
Liabilities and Stockholders Equity 9,155,238
Net Debt 2,332,202
Net Invested Capital 6,532,177
Net Tangible Assets 4,175,432
Net Working Capital 1,734,327
Property Plant and Equipment Gross 3,229,458
Short Long Term Debt Total 2,351,091



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-31
> Total Assets 
2,152,322
2,794,384
3,598,755
4,485,854
5,051,509
5,677,539
5,992,836
7,693,200
9,155,238
9,155,2387,693,2005,992,8365,677,5395,051,5094,485,8543,598,7552,794,3842,152,322
   > Total Current Assets 
1,623,400
2,126,545
2,638,442
2,991,604
3,277,909
3,587,346
3,574,853
4,903,713
5,513,353
5,513,3534,903,7133,574,8533,587,3463,277,9092,991,6042,638,4422,126,5451,623,400
       Cash And Cash Equivalents 
74,563
127,173
164,209
9,067
8,391
7,250
6,340
9,033
18,889
18,8899,0336,3407,2508,3919,067164,209127,17374,563
       Short-term Investments 
0
0
25,117
40,543
6,263
-36,124
162,925
161,708
192,776
192,776161,708162,925-36,1246,26340,54325,11700
       Net Receivables 
530,981
652,134
958,610
1,039,300
1,757,245
1,792,381
1,368,983
2,300,611
1,855,225
1,855,2252,300,6111,368,9831,792,3811,757,2451,039,300958,610652,134530,981
       Other Current Assets 
872,031
982,163
1,230,496
1,439,101
1
1
314,823
-1
378,843
378,843-1314,823111,439,1011,230,496982,163872,031
   > Long-term Assets 
528,922
667,839
960,313
1,494,250
1,773,600
2,090,193
2,417,984
2,789,487
3,641,885
3,641,8852,789,4872,417,9842,090,1931,773,6001,494,250960,313667,839528,922
       Property Plant Equipment 
510,720
616,289
888,045
1,466,341
1,744,096
2,053,588
2,376,103
2,745,507
3,229,458
3,229,4582,745,5072,376,1032,053,5881,744,0961,466,341888,045616,289510,720
       Long Term Investments 
0
0
3
3
3
0
0
0
0
000033300
       Intangible Assets 
756
2,575
1,370
703
825
475
125
200
5,654
5,6542001254758257031,3702,575756
       Other Assets 
17,446
74,940
71,243
80,273
44,766
66,025
-1
110,078
2,683
2,683110,078-166,02544,76680,27371,24374,94017,446
> Total Liabilities 
1,677,804
2,131,179
2,833,465
3,350,118
3,583,689
3,941,513
3,940,903
5,107,010
4,974,152
4,974,1525,107,0103,940,9033,941,5133,583,6893,350,1182,833,4652,131,1791,677,804
   > Total Current Liabilities 
1,415,035
1,677,929
2,194,375
2,512,085
2,736,644
2,915,011
2,610,285
3,434,679
3,779,026
3,779,0263,434,6792,610,2852,915,0112,736,6442,512,0852,194,3751,677,9291,415,035
       Short-term Debt 
866,232
1,033,680
1,305,795
1,843,581
2,003,701
2,231,160
2,008,173
2,463,947
1,410,824
1,410,8242,463,9472,008,1732,231,1602,003,7011,843,5811,305,7951,033,680866,232
       Short Long Term Debt 
24,096
64,947
1,305,795
1,843,581
2,003,701
2,231,160
1,789,254
2,176,213
1,410,824
1,410,8242,176,2131,789,2542,231,1602,003,7011,843,5811,305,79564,94724,096
       Accounts payable 
395,537
374,460
575,278
454,448
591,231
560,596
492,297
796,606
1,741,637
1,741,637796,606492,297560,596591,231454,448575,278374,460395,537
       Other Current Liabilities 
153,266
269,789
313,302
180,706
98,395
2,458
10,394
10,061
87,972
87,97210,06110,3942,45898,395180,706313,302269,789153,266
   > Long-term Liabilities 
262,769
453,250
639,090
838,033
847,045
1,026,502
1,330,618
1,672,331
1,195,126
1,195,1261,672,3311,330,6181,026,502847,045838,033639,090453,250262,769
       Long term Debt Total 
0
366,245
485,741
818,025
1,098,572
974,267
659,439
393,759
155,421
155,421393,759659,439974,2671,098,572818,025485,741366,2450
       Long term Debt 
220,423
366,245
485,741
818,025
1,098,572
936,072
631,034
378,318
940,267
940,267378,318631,034936,0721,098,572818,025485,741366,245220,423
       Other Liabilities 
42,346
132,196
145,697
133,676
130,037
136,830
168,892
203,598
254,859
254,859203,598168,892136,830130,037133,676145,697132,19642,346
       Long-term Liabilities Other 
0
0
102,164
63,750
1
1
1
-2
1
1-211163,750102,16400
> Total Stockholder Equity
474,518
663,205
765,291
1,135,736
1,467,820
1,736,026
2,051,933
2,586,190
4,181,086
4,181,0862,586,1902,051,9331,736,0261,467,8201,135,736765,291663,205474,518
   Common Stock
37,856
103,011
103,011
105,011
107,011
109,261
112,061
122,711
127,811
127,811122,711112,061109,261107,011105,011103,011103,01137,856
   Retained Earnings 
59,992
106,997
199,083
399,528
477,782
862,028
1,087,325
1,490,587
1,862,373
1,862,3731,490,5871,087,325862,028477,782399,528199,083106,99759,992
   Accumulated Other Comprehensive Income 
-320,249
-377,925
-446,264
-108,373
-161,122
-222,815
396,750
353,085
1,223,275
1,223,275353,085396,750-222,815-161,122-108,373-446,264-377,925-320,249
   Capital Surplus 
0
0
0
0
188,000
188,000
188,000
188,000
188,000
188,000188,000188,000188,000188,0000000
   Treasury Stock000000000
   Other Stockholders Equity 
696,919
831,122
909,461
739,570
1,044,149
987,552
455,797
619,807
967,627
967,627619,807455,797987,5521,044,149739,570909,461831,122696,919



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue23,858,474
Cost of Revenue-21,743,269
Gross Profit2,115,2052,115,205
 
Operating Income (+$)
Gross Profit2,115,205
Operating Expense-1,220,825
Operating Income917,000894,380
 
Operating Expense (+$)
Research Development0
Selling General Administrative34,340
Selling And Marketing Expenses46,938
Operating Expense1,220,82581,278
 
Net Interest Income (+$)
Interest Income54,308
Interest Expense-353,011
Other Finance Cost-54,308
Net Interest Income-353,011
 
Pretax Income (+$)
Operating Income917,000
Net Interest Income-353,011
Other Non-Operating Income Expenses0
Income Before Tax (EBT)498,8371,335,163
EBIT - interestExpense = 563,989
498,836
729,825
Interest Expense353,011
Earnings Before Interest and Taxes (EBIT)917,000851,848
Earnings Before Interest and Taxes (EBITDA)1,054,726
 
After tax Income (+$)
Income Before Tax498,837
Tax Provision-122,022
Net Income From Continuing Ops376,815376,815
Net Income376,814
Net Income Applicable To Common Shares283,292
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses22,964,094
Total Other Income/Expenses Net-418,163353,011
 

Technical Analysis of Hi-Tech Pipes Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Hi-Tech Pipes Limited. The general trend of Hi-Tech Pipes Limited is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Hi-Tech Pipes Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Hi-Tech Pipes Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 170.00 < 170.00.

The bearish price targets are: 112.00 > 105.65 > 97.65.

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Hi-Tech Pipes Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Hi-Tech Pipes Limited. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Hi-Tech Pipes Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Hi-Tech Pipes Limited. The current macd is -3.63374443.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Hi-Tech Pipes Limited price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Hi-Tech Pipes Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Hi-Tech Pipes Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Hi-Tech Pipes Limited Daily Moving Average Convergence/Divergence (MACD) ChartHi-Tech Pipes Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Hi-Tech Pipes Limited. The current adx is 25.22.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Hi-Tech Pipes Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Hi-Tech Pipes Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Hi-Tech Pipes Limited. The current sar is 109.99.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Hi-Tech Pipes Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Hi-Tech Pipes Limited. The current rsi is 55.01. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Hi-Tech Pipes Limited Daily Relative Strength Index (RSI) ChartHi-Tech Pipes Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Hi-Tech Pipes Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Hi-Tech Pipes Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Hi-Tech Pipes Limited Daily Stochastic Oscillator ChartHi-Tech Pipes Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Hi-Tech Pipes Limited. The current cci is 49.29.

Hi-Tech Pipes Limited Daily Commodity Channel Index (CCI) ChartHi-Tech Pipes Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Hi-Tech Pipes Limited. The current cmo is 21.49.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Hi-Tech Pipes Limited Daily Chande Momentum Oscillator (CMO) ChartHi-Tech Pipes Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Hi-Tech Pipes Limited. The current willr is -8.57908847.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Hi-Tech Pipes Limited Daily Williams %R ChartHi-Tech Pipes Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Hi-Tech Pipes Limited.

Hi-Tech Pipes Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Hi-Tech Pipes Limited. The current atr is 10.16.

Hi-Tech Pipes Limited Daily Average True Range (ATR) ChartHi-Tech Pipes Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Hi-Tech Pipes Limited. The current obv is 161,758,069.

Hi-Tech Pipes Limited Daily On-Balance Volume (OBV) ChartHi-Tech Pipes Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Hi-Tech Pipes Limited. The current mfi is 51.57.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Hi-Tech Pipes Limited Daily Money Flow Index (MFI) ChartHi-Tech Pipes Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Hi-Tech Pipes Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-10BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-30WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-20BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-13ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-15MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Hi-Tech Pipes Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Hi-Tech Pipes Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.008
Ma 20Greater thanMa 50130.440
Ma 50Greater thanMa 100141.808
Ma 100Greater thanMa 200128.268
OpenGreater thanClose137.000
Total3/5 (60.0%)
Penke

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