Hi-Tech Pipes (NSE:HITECH) Inventory Turnover: 2.48 (As of Mar. 2026)

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NSE:HITECH Hi-Tech Pipes Ltd NSE:HITECH
88 GF Score
Price ₹86.66
GF Value ₹129.09
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Hi-Tech Pipes Inventory Turnover?

Hi-Tech Pipes NSE:HITECH -1.63% 88 Inventory Turnover is 2.48 as of Mar. 2026. GuruFocus rates NSE:HITECH with a GF Score™ of 88/100 and a GF Value™ of ₹129.09 (Possible Value Trap). The stock has 6 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Hi-Tech Pipes's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹14,005 Mil. Hi-Tech Pipes's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹5,656 Mil. Hi-Tech Pipes's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hi-Tech Pipes's Days Inventory for the three months ended in Mar. 2026 was 36.85.

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 quarter that ended in Mar. 2026 was 0.38.

Hi-Tech Pipes  (NSE:HITECH) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Hi-Tech Pipes's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=5655.811/14005.207*365 / 4
=36.85

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 quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=5655.811 / 14803.589
=0.38

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Hi-Tech Pipes Inventory Turnover Related Terms

Hi-Tech Pipes Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Hi-Tech Pipes's Inventory Turnover 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.

Hi-Tech Pipes Inventory Turnover Chart

Hi-Tech Pipes Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.59 7.68 7.54 7.62 8.20

Hi-Tech Pipes Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.58 1.87 1.85 2.35 2.48
NSE:HITECH
88GF Score
Hi-Tech Pipes Ltd NSE:HITECH
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Hi-Tech Pipes Inventory Turnover Calculation

Hi-Tech Pipes's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=38936.339 / ((3842.606 + 5655.811) / 2 )
=38936.339 / 4749.2085
=8.20

Hi-Tech Pipes's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=14005.207 / ((0 + 5655.811) / 1 )
=14005.207 / 5655.811
=2.48

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.48 mean?
Hi-Tech Pipes (NSE:HITECH) has a Inventory Turnover of 2.48 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hi-Tech Pipes and its competitors.
Is Hi-Tech Pipes' Inventory Turnover too high?
Hi-Tech Pipes' current Inventory Turnover is 2.48. Overall, Hi-Tech Pipes has a GF Score™ of 88/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hi-Tech Pipes' Inventory Turnover compare to NUE and STLD?
Hi-Tech Pipes' Inventory Turnover of 2.48 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Steel company?
A good Inventory Turnover depends on the Steel industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hi-Tech Pipes and its competitors. Hi-Tech Pipes's current Inventory Turnover is 2.48. 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 ₹129.09, compared to a current price of ₹86.66 — trading 32.9% below its estimated fair value. The current Inventory Turnover is 2.48. Hi-Tech Pipes' overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Hi-Tech Pipes (NSE:HITECH), the current Inventory Turnover is 2.48 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 ₹86.66 is trading 32.9% below its estimated GF Value™ of ₹129.09. GuruFocus considers Hi-Tech Pipes to be Possible Value Trap.

Key valuation signals for NSE:HITECH:

  • Inventory Turnover: 2.48
  • GF Value™: ₹129.09 vs. price of ₹86.66 (32.9% below fair value)
  • GF Score™: 88/100 with 6 warning signs

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 Business Description

Other Exchanges 543411:India
Address Ground Floor 10 Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034
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.
88GF Score

Get the complete analysis for NSE:HITECH

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹86.66
Price
₹129.09
GF Value