Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Hi-Tech Pipes's share price for the quarter that ended in Mar. 2026 was ₹70.93. Hi-Tech Pipes's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 203 Mil. Therefore, Hi-Tech Pipes's market cap for the quarter that ended in Mar. 2026 was ₹14,378 Mil.
Hi-Tech Pipes's quarterly market cap
declined
from Sep. 2025 (₹23,119 Mil) to Dec. 2025 (₹18,664 Mil) and
declined
from Dec. 2025 (₹18,664 Mil) to Mar. 2026 (₹14,378 Mil).
Hi-Tech Pipes's annual market cap
declined
from Mar. 2024 (₹20,947 Mil) to Mar. 2025 (₹20,787 Mil) and
declined
from Mar. 2025 (₹20,787 Mil) to Mar. 2026 (₹14,378 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Hi-Tech Pipes's Enterprise Value for Today is ₹19,269 Mil.
Hi-Tech Pipes (NSE:HITECH) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Hi-Tech Pipes Market Cap Related Terms
Hi-Tech Pipes Market Cap Historical Data
* Premium members only.
The historical data trend for Hi-Tech Pipes's Market Cap 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: Market Cap Comparison
For the Steel subindustry, Hi-Tech Pipes's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Steel Industry
For the Steel industry and Basic Materials sector, Hi-Tech Pipes's Market Cap distribution charts can be found below:
* The bar in red indicates where Hi-Tech Pipes's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Hi-Tech Pipes's Market Cap for the fiscal year that 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.
Hi-Tech Pipes (NSE:HITECH) has a Market Cap of ₹17,463 Mil as of Jul. 02, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Hi-Tech Pipes and its competitors. According to the industry distribution chart, Hi-Tech Pipes ranks #262 out of 640 companies in the Steel industry, placing it in the top 40.9%.
Is Hi-Tech Pipes' Market Cap too high?
Hi-Tech Pipes' current Market Cap is ₹17,463 Mil. Based on the distribution chart, Hi-Tech Pipes ranks #262 out of 640 companies in the Steel industry, which is above the industry midpoint. Overall, Hi-Tech Pipes has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hi-Tech Pipes' Market Cap compare to NUE and STLD?
According to the Steel industry distribution chart, Hi-Tech Pipes ranks #262 out of 640 companies for Market Cap. This puts Hi-Tech Pipes in the upper half of its industry. The industry median Market Cap is 101.21. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Steel company?
The median Market Cap among Steel companies is 101.21, based on 640 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Hi-Tech Pipes and its competitors. For the Steel industry, the median Market Cap is 101.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Tech Pipes's current Market Cap is ₹17,463 Mil. 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 ₹128.28, compared to a current price of ₹86.15 — trading 32.8% below its estimated fair value. The current Market Cap is ₹17,463 Mil. Hi-Tech Pipes' overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Hi-Tech Pipes (NSE:HITECH), the current Market Cap is ₹17,463 Mil as of Jul. 02, 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 ₹86.15 is trading 32.8% below its estimated GF Value™ of ₹128.28.
GuruFocus considers Hi-Tech Pipes to be Possible Value Trap.
Key valuation signals for NSE:HITECH:
Market Cap: ₹17,463 Mil
GF Value™: ₹128.28 vs. price of ₹86.15 (32.8% below fair value)
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.
86GF Score
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