Hi-Tech Pipes (NSE:HITECH) Market Cap : ₹19,810 Mil (As of May. 28, 2024)

Hi-Tech Pipes Market Cap Chart

Hi-Tech Pipes Annual Data
	Trend	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Market Cap		Get a 7-Day Free Trial					787.22	4,450.50	6,183.36	10,205.71	20,946.57

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
Market Cap	Get a 7-Day Free Trial															10,205.71	9,424.93	10,765.75	15,759.14	20,946.57

Competitive Comparison of Hi-Tech Pipes's Market Cap

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's Market Cap Distribution in the 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.

Hi-Tech Pipes Market Cap Calculation

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. 2024 is calculated as

Hi-Tech Pipes's Market Cap for the quarter that ended in Mar. 2024 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) 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 company’s 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

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Hi-Tech Pipes (NSE:HITECH) Business Description