Hi-Tech PipesNSE:HITECH -4.46%87 Net Margin % is 1.19% as of Mar. 2026, which is 32% below its 10-year median of 1.76. GuruFocus rates NSE:HITECH with a GF Score™ of 87/100 and a GF Value™ of ₹127.96 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 615 Steel companies, Hi-Tech Pipes ranks worse than 50.41% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Hi-Tech Pipes's Net Income for the
three
months ended in Mar. 2026 was ₹176 Mil. Hi-Tech Pipes's Revenue for the
three
months ended in Mar. 2026 was ₹14,804 Mil. Therefore, Hi-Tech Pipes's net margin for the quarter that ended in Mar. 2026 was 1.19%.
The historical rank and industry rank for Hi-Tech Pipes's Net Margin % or its related term are showing as below:
NSE:HITECH'
s Net Margin % Range Over the Past 10 Years
Min: 1.62 Med: 1.76 Max: 2.38
Current: 1.81
NSE:HITECH's Net Margin % is ranked worse than 50.41% of 615
companies
in the Steel industry
Industry Median: 1.86
vs NSE:HITECH: 1.81
Hi-Tech Pipes (NSE:HITECH) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Hi-Tech Pipes Net Margin % Related Terms
Hi-Tech Pipes Net Margin % Historical Data
* Premium members only.
The historical data trend for Hi-Tech Pipes's Net Margin % 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: Net Margin % Comparison
For the Steel subindustry, Hi-Tech Pipes's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Hi-Tech Pipes's Net Margin % distribution charts can be found below:
* The bar in red indicates where Hi-Tech Pipes's Net Margin % 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 Net Margin % of 1.19% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Hi-Tech Pipes and its competitors. This is 32% below median its historical median of 1.76. Over the past decade, Hi-Tech Pipes' Net Margin % has ranged from 1.62 to 2.38. According to the industry distribution chart, Hi-Tech Pipes ranks #310 out of 615 companies in the Steel industry, placing it in the top 50.4%.
Is Hi-Tech Pipes' Net Margin % too high?
Hi-Tech Pipes' current Net Margin % of 1.19% is 32% below median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 2.38. The Steel industry median Net Margin % is 1.86. Hi-Tech Pipes' value of 1.19% is 36% below this industry median. Based on the distribution chart, Hi-Tech Pipes ranks #310 out of 615 companies in the Steel industry, which is below the industry midpoint. Overall, Hi-Tech Pipes has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hi-Tech Pipes' Net Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Hi-Tech Pipes ranks #310 out of 615 companies for Net Margin %. This places Hi-Tech Pipes in the lower half of its industry. The industry median Net Margin % is 1.86. Hi-Tech Pipes' value of 1.19% is 36% below this benchmark. Historically, Hi-Tech Pipes' own Net Margin % has ranged from 1.62 to 2.38 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.86, 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 Net Margin % for a Steel company?
The median Net Margin % among Steel companies is 1.86, based on 615 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hi-Tech Pipes's current Net Margin % of 1.19% is 36% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Hi-Tech Pipes and its competitors. For the Steel industry, the median Net Margin % is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Tech Pipes's current Net Margin % is 1.19%, which is 32% below median its own 10-year median of 1.76. 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 ₹127.96, compared to a current price of ₹89.85 — trading 29.8% below its estimated fair value. The current Net Margin % is 1.19%, which is 32% below median its 10-year median of 1.76 and 36% below the Steel industry median of 1.86. Hi-Tech Pipes' overall GF Score™ is 87/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Hi-Tech Pipes (NSE:HITECH), the current Net Margin % is 1.19% 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 ₹89.85 is trading 29.8% below its estimated GF Value™ of ₹127.96.
GuruFocus considers Hi-Tech Pipes to be Possible Value Trap.
Key valuation signals for NSE:HITECH:
Net Margin %: 1.19% (32% below median its 10-year median of 1.76)
GF Value™: ₹127.96 vs. price of ₹89.85 (29.8% below fair value)
Industry Position: 36% below the Steel median (#310 of 615)
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.
87GF Score
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