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Hi-Tech PipesNSE:HITECH +1.36%88 PS Ratio is 0.42 as of Jul. 16, 2026, which is 8% above its 10-year median of 0.39. GuruFocus rates NSE:HITECH with a GF Score™ of 88/100 and a GF Value™ of ₹129.04 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 610 Steel companies, Hi-Tech Pipes ranks better than 60.16% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Hi-Tech Pipes's share price is ₹88.10.
Hi-Tech Pipes's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹208.69. Hence, Hi-Tech Pipes's PS Ratio for today is 0.42.
The historical rank and industry rank for Hi-Tech Pipes's PS Ratio or its related term are showing as below:
NSE:HITECH'
s PS Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.39 Max: 1.18
Current: 0.43
During the past 12 years, Hi-Tech Pipes's highest PS Ratio was 1.18. The lowest was 0.07. And the median was 0.39.
NSE:HITECH's PS Ratio is ranked better than 60.16% of 610
companies
in the Steel industry
Industry Median: 0.6
vs NSE:HITECH: 0.43
Hi-Tech Pipes Ltd has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Hi-Tech Pipes was 24.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 15.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 10.80% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 11.70% per year.
During the past 12 years, Hi-Tech Pipes's highest 3-Year average Revenue per Share Growth Rate was 23.30% per year. The lowest was 3.00% per year. And the median was 13.10% per year.
Back to Basics: PS Ratio
Hi-Tech Pipes (NSE:HITECH) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Hi-Tech Pipes PS Ratio Related Terms
Hi-Tech Pipes PS Ratio Historical Data
* Premium members only.
The historical data trend for Hi-Tech Pipes's PS Ratio 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.
For the Steel subindustry, Hi-Tech Pipes's PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Hi-Tech Pipes's PS Ratio distribution charts can be found below:
* The bar in red indicates where Hi-Tech Pipes's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Hi-Tech Pipes's Share Price of today is ₹88.10. Hi-Tech Pipes's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹208.69.
* 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.
It can also be calculated from the numbers for the whole company:
Hi-Tech Pipes (NSE:HITECH) has a PS Ratio of 0.42 as of Jul. 16, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Hi-Tech Pipes and its competitors. This is near median its historical median of 0.39. Over the past decade, Hi-Tech Pipes' PS Ratio has ranged from 0.07 to 1.18. According to the industry distribution chart, Hi-Tech Pipes ranks #243 out of 610 companies in the Steel industry, placing it in the top 39.8%.
Is Hi-Tech Pipes' PS Ratio too high?
Hi-Tech Pipes' current PS Ratio of 0.42 is near median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 1.18. The Steel industry median PS Ratio is 0.60. Hi-Tech Pipes' value of 0.42 is 30% below this industry median. Based on the distribution chart, Hi-Tech Pipes ranks #243 out of 610 companies in the Steel industry, which is above the industry midpoint. 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' PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Hi-Tech Pipes ranks #243 out of 610 companies for PS Ratio. This puts Hi-Tech Pipes in the upper half of its industry. The industry median PS Ratio is 0.60. Hi-Tech Pipes' value of 0.42 is 30% below this benchmark. Historically, Hi-Tech Pipes' own PS Ratio has ranged from 0.07 to 1.18 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.60, 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 PS Ratio for a Steel company?
The median PS Ratio among Steel companies is 0.60, based on 610 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hi-Tech Pipes's current PS Ratio of 0.42 is 30% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Hi-Tech Pipes and its competitors. For the Steel industry, the median PS Ratio is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Tech Pipes's current PS Ratio is 0.42, which is near median its own 10-year median of 0.39. 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 ₹129.04, compared to a current price of ₹88.10 — trading 31.7% below its estimated fair value. The current PS Ratio is 0.42, which is near median its 10-year median of 0.39 and 30% below the Steel industry median of 0.60. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Hi-Tech Pipes (NSE:HITECH), the current PS Ratio is 0.42 as of Jul. 16, 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 ₹88.10 is trading 31.7% below its estimated GF Value™ of ₹129.04.
GuruFocus considers Hi-Tech Pipes to be Possible Value Trap.
Key valuation signals for NSE:HITECH:
PS Ratio: 0.42 (near median its 10-year median of 0.39)
GF Value™: ₹129.04 vs. price of ₹88.10 (31.7% below fair value)
Industry Position: 30% below the Steel median (#243 of 610)
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.
88GF Score
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