Hi-Tech PipesNSE:HITECH +3.08%90 Days Inventory is 36.85 as of Mar. 2026, which is 24% below its 10-year median of 48.27. GuruFocus rates NSE:HITECH with a GF Score™ of 90/100 and a GF Value™ of ₹128.82 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 582 Steel companies, Hi-Tech Pipes ranks better than 84.02% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Hi-Tech Pipes's Average Total Inventories for the
three
months ended in Mar. 2026 was ₹5,656 Mil. Hi-Tech Pipes's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹14,005 Mil.
Hence, Hi-Tech Pipes's Days Inventory for the
three
months ended in Mar. 2026 was 36.85.
The historical rank and industry rank for Hi-Tech Pipes's Days Inventory or its related term are showing as below:
NSE:HITECH'
s Days Inventory Range Over the Past 10 Years
Min: 42.86 Med: 48.27 Max: 73.33
Current: 42.86
During the past 12 years, Hi-Tech Pipes's highest Days Inventory was 73.33. The lowest was 42.86. And the median was 48.27.
NSE:HITECH's Days Inventory is ranked better than 84.02% of 582
companies
in the Steel industry
Industry Median: 86.57
vs NSE:HITECH: 42.86
Hi-Tech Pipes's Days Inventory
increased
from Mar. 2025 (35.32) to Mar. 2026 (36.85).
It might indicate that Hi-Tech Pipes's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hi-Tech Pipes's Inventory Turnover for the
three
months ended in Mar. 2026 was 2.48.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Hi-Tech Pipes's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.38.
Hi-Tech Pipes (NSE:HITECH) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Hi-Tech Pipes's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Hi-Tech Pipes's Inventory to Revenue for the
three
months ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Hi-Tech Pipes Days Inventory Related Terms
Hi-Tech Pipes Days Inventory Historical Data
* Premium members only.
The historical data trend for Hi-Tech Pipes's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:HITECH vs NUE, STLD, RS: Days Inventory Comparison
For the Steel subindustry, Hi-Tech Pipes's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hi-Tech Pipes Days Inventory vs Steel Industry
For the Steel industry and Basic Materials sector, Hi-Tech Pipes's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hi-Tech Pipes's Days Inventory falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hi-Tech Pipes (NSE:HITECH) has a Days Inventory of 36.85 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Hi-Tech Pipes and its competitors. This is 24% below median its historical median of 48.27. Over the past decade, Hi-Tech Pipes' Days Inventory has ranged from 42.86 to 73.33. According to the industry distribution chart, Hi-Tech Pipes ranks #93 out of 582 companies in the Steel industry, placing it in the top 16%.
Is Hi-Tech Pipes' Days Inventory too high?
Hi-Tech Pipes' current Days Inventory of 36.85 is 24% below median its 10-year median of 48.27. Over the past 10 years, this metric has ranged from a low of 42.86 to a high of 73.33. The Steel industry median Days Inventory is 86.57. Hi-Tech Pipes' value of 36.85 is 57.4% below this industry median. Based on the distribution chart, Hi-Tech Pipes ranks #93 out of 582 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Hi-Tech Pipes has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hi-Tech Pipes' Days Inventory compare to NUE and STLD?
According to the Steel industry distribution chart, Hi-Tech Pipes ranks #93 out of 582 companies for Days Inventory. This places Hi-Tech Pipes in the top 16% of its industry — outperforming the majority of peers. The industry median Days Inventory is 86.57. Hi-Tech Pipes' value of 36.85 is 57.4% below this benchmark. Historically, Hi-Tech Pipes' own Days Inventory has ranged from 42.86 to 73.33 over the past decade. While the company's 10-year median is 48.27 vs. the industry median of 86.57, Hi-Tech Pipes has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Steel company?
The median Days Inventory among Steel companies is 86.57, based on 582 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hi-Tech Pipes's current Days Inventory of 36.85 is 57.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Hi-Tech Pipes and its competitors. For the Steel industry, the median Days Inventory is 86.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Tech Pipes's current Days Inventory is 36.85, which is 24% below median its own 10-year median of 48.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hi-Tech Pipes stock overvalued right now?
Based on GuruFocus' analysis, Hi-Tech Pipes (NSE:HITECH) is currently considered Possible Value Trap. The stock's GF Value™ is ₹128.82, compared to a current price of ₹86.93 — trading 32.5% below its estimated fair value. The current Days Inventory is 36.85, which is 24% below median its 10-year median of 48.27 and 57.4% below the Steel industry median of 86.57. Hi-Tech Pipes' overall GF Score™ is 90/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Hi-Tech Pipes (NSE:HITECH), the current Days Inventory is 36.85 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hi-Tech Pipes (NSE:HITECH) Overvalued in 2026?
Based on GuruFocus' analysis, Hi-Tech Pipes stock appears to be undervalued.
The current stock price of ₹86.93 is trading 32.5% below its estimated GF Value™ of ₹128.82.
GuruFocus considers Hi-Tech Pipes to be Possible Value Trap.
Key valuation signals for NSE:HITECH:
Days Inventory: 36.85 (24% below median its 10-year median of 48.27)
GF Value™: ₹128.82 vs. price of ₹86.93 (32.5% below fair value)
Industry Position: 57.4% below the Steel median (#93 of 582)
No single metric tells the full story. See the NSE:HITECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hi-Tech Pipes Ltd manufactures and markets a wide range of steel tubes used in industries like infrastructure, telecom, defense, power distribution, railways, airports, construction, real estate, and automotive. Its products include Black Steel Tubes, Rectangular and Hollow sections, Galvanised Steel Tubes, Metal Beam Highway Crash Barriers, Cold Rolling Coils, Cold Formed Sections, Black Hollow Section and Round Pipes, Galvanized Pipes, Pre-Galvanized Pipes, and Cold Rolled Coils. The Indian steel pipes and tubes industry includes segments such as seamless, ERW, LSAW, HSAW, galvanized iron, ductile iron, and black steel pipes, which serve various applications ranging from high-pressure oil and gas pipelines to water supply and general engineering purposes.
90GF Score
Get the complete analysis for NSE:HITECH
Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:HITECH has been successfully added to your 
