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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Hi-Tech Pipes's Revenue for the
three
months ended in Mar. 2026 was ₹14,804 Mil. Hi-Tech Pipes's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₹4,490 Mil.
Hence, Hi-Tech Pipes's Receivables Turnover for the
three
months ended in Mar. 2026 was 3.30.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Hi-Tech Pipes Receivables Turnover Related Terms
Hi-Tech Pipes Receivables Turnover Historical Data
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The historical data trend for Hi-Tech Pipes's Receivables 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.
NSE:HITECH vs NUE, STLD, RS: Receivables Turnover Comparison
For the Steel subindustry, Hi-Tech Pipes's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Hi-Tech Pipes's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Hi-Tech Pipes's Receivables Turnover 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 Receivables Turnover of 3.30 as of Mar. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Hi-Tech Pipes and its competitors. According to the industry distribution chart, Hi-Tech Pipes ranks #176 out of 606 companies in the Steel industry, placing it in the top 29%.
Is Hi-Tech Pipes' Receivables Turnover too high?
Hi-Tech Pipes' current Receivables Turnover is 3.30. The Steel industry median Receivables Turnover is 7.11. Hi-Tech Pipes' value of 3.30 is 53.6% below this industry median. Based on the distribution chart, Hi-Tech Pipes ranks #176 out of 606 companies in the Steel industry, which is above 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' Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, Hi-Tech Pipes ranks #176 out of 606 companies for Receivables Turnover. This puts Hi-Tech Pipes in the upper half of its industry. The industry median Receivables Turnover is 7.11. Hi-Tech Pipes' value of 3.30 is 53.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Steel company?
The median Receivables Turnover among Steel companies is 7.11, based on 606 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hi-Tech Pipes's current Receivables Turnover of 3.30 is 53.6% 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 Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Hi-Tech Pipes and its competitors. For the Steel industry, the median Receivables Turnover is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Tech Pipes's current Receivables Turnover is 3.30. 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 ₹129.84, compared to a current price of ₹84.74 — trading 34.7% below its estimated fair value. The current Receivables Turnover is 3.30 and 53.6% below the Steel industry median of 7.11. 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 Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Hi-Tech Pipes (NSE:HITECH), the current Receivables Turnover is 3.30 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 ₹84.74 is trading 34.7% below its estimated GF Value™ of ₹129.84.
GuruFocus considers Hi-Tech Pipes to be Possible Value Trap.
Key valuation signals for NSE:HITECH:
Receivables Turnover: 3.30
GF Value™: ₹129.84 vs. price of ₹84.74 (34.7% below fair value)
Industry Position: 53.6% below the Steel median (#176 of 606)
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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