Hi-Tech Pipes (NSE:HITECH) FCF Yield % : -10.31 (As of May. 28, 2024)

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What is Hi-Tech Pipes FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Hi-Tech Pipes's Trailing 12-Month Free Cash Flow is ₹-2,044 Mil, and Market Cap is ₹19,810 Mil. Therefore, Hi-Tech Pipes's FCF Yield % for today is -10.31%.

The historical rank and industry rank for Hi-Tech Pipes's FCF Yield % or its related term are showing as below:

NSE:HITECH' s FCF Yield % Range Over the Past 10 Years
Min: -10.39 Med: 0 Max: 5.02
Current: -10.31

During the past 10 years, the highest FCF Yield % of Hi-Tech Pipes was 5.02%. The lowest was -10.39%. And the median was 0.00%.

NSE:HITECH's FCF Yield % is ranked worse than
80.45% of 629 companies
in the Steel industry
Industry Median: 2.99 vs NSE:HITECH: -10.31

Hi-Tech Pipes's FCF Margin % for the quarter that ended in Mar. 2024 was 0.00%.

Hi-Tech Pipes FCF Yield % Historical Data

The historical data trend for Hi-Tech Pipes's FCF Yield % 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.

* Premium members only.

Hi-Tech Pipes FCF Yield % Chart

Hi-Tech Pipes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

FCF Yield %

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-14.22

5.22

-10.11

6.31

-9.76

Hi-Tech Pipes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
FCF Yield %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Hi-Tech Pipes's FCF Yield %

For the Steel subindustry, Hi-Tech Pipes's FCF Yield %, along with its competitors' market caps and FCF Yield % 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's FCF Yield % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hi-Tech Pipes's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Hi-Tech Pipes's FCF Yield % falls into.

Hi-Tech Pipes FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Hi-Tech Pipes's FCF Yield % for the fiscal year that ended in Mar. 2024 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	-2043.649	/	20946.5685
	=	-9.76%

Hi-Tech Pipes's annualized FCF Yield % for the quarter that ended in Mar. 2024 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	0	*	4	/	20946.5685
	=	0.00%

Hi-Tech Pipes FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Hi-Tech Pipes FCF Yield % Related Terms

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Hi-Tech Pipes (NSE:HITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hi-Tech Pipes Ltd (NSE:HITECH) » Definitions » FCF Yield %

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Traded in Other Exchanges

543411:India

Address

505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website

https://www.hitechpipes.in

Hi-Tech Pipes Ltd is engaged in the manufacturing and marketing of a wide range of steel tubes. Its products are used in different industries like Infrastructure including telecom, defense, power distribution, railways, airports, Construction, Agriculture, and others. The company's product includes Black Steel Tubes; Rectangular and Hollow sections; Galvanised Steel Tubes; Metal Beam Highway Crash Barrier; Cold Rolling Coils and Cold Formed Sections.

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