Hi-Tech PipesNSE:HITECH -4.46%87 ROA % is 3.48% as of Mar. 2026, which is 20% below its 10-year median of 4.34. 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 635 Steel companies, Hi-Tech Pipes ranks better than 69.76% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hi-Tech Pipes's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹704 Mil.
Hi-Tech Pipes's average Total Assets over the quarter that ended in Mar. 2026 was ₹20,236 Mil. Therefore, Hi-Tech Pipes's annualized ROA % for the quarter that ended in Mar. 2026 was 3.48%.
The historical rank and industry rank for Hi-Tech Pipes's ROA % or its related term are showing as below:
NSE:HITECH'
s ROA % Range Over the Past 10 Years
Min: 3.25 Med: 4.34 Max: 5.89
Current: 4.02
During the past 12 years, Hi-Tech Pipes's highest ROA % was 5.89%. The lowest was 3.25%. And the median was 4.34%.
NSE:HITECH's ROA % is ranked better than 69.76% of 635
companies
in the Steel industry
Industry Median: 1.88
vs NSE:HITECH: 4.02
Hi-Tech Pipes (NSE:HITECH) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Hi-Tech Pipes ROA % Related Terms
Hi-Tech Pipes ROA % Historical Data
* Premium members only.
The historical data trend for Hi-Tech Pipes's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Hi-Tech Pipes's ROA % distribution charts can be found below:
* The bar in red indicates where Hi-Tech Pipes's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Hi-Tech Pipes (NSE:HITECH) has a ROA % of 3.48% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Hi-Tech Pipes and its competitors. This is 20% below median its historical median of 4.34. Over the past decade, Hi-Tech Pipes' ROA % has ranged from 3.25 to 5.89. According to the industry distribution chart, Hi-Tech Pipes ranks #192 out of 635 companies in the Steel industry, placing it in the top 30.2%.
Is Hi-Tech Pipes' ROA % too high?
Hi-Tech Pipes' current ROA % of 3.48% is 20% below median its 10-year median of 4.34. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 5.89. The Steel industry median ROA % is 1.88. Hi-Tech Pipes' value of 3.48% is 85.1% above this industry median. Based on the distribution chart, Hi-Tech Pipes ranks #192 out of 635 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' ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Hi-Tech Pipes ranks #192 out of 635 companies for ROA %. This puts Hi-Tech Pipes in the upper half of its industry. The industry median ROA % is 1.88. Hi-Tech Pipes' value of 3.48% is 85.1% above this benchmark. Historically, Hi-Tech Pipes' own ROA % has ranged from 3.25 to 5.89 over the past decade. While the company's 10-year median is 4.34 vs. the industry median of 1.88, Hi-Tech Pipes has consistently been above 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 ROA % for a Steel company?
The median ROA % among Steel companies is 1.88, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hi-Tech Pipes's current ROA % of 3.48% is 85.1% above 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Hi-Tech Pipes and its competitors. For the Steel industry, the median ROA % is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Tech Pipes's current ROA % is 3.48%, which is 20% below median its own 10-year median of 4.34. 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 ROA % is 3.48%, which is 20% below median its 10-year median of 4.34 and 85.1% above the Steel industry median of 1.88. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Hi-Tech Pipes (NSE:HITECH), the current ROA % is 3.48% 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:
ROA %: 3.48% (20% below median its 10-year median of 4.34)
GF Value™: ₹127.96 vs. price of ₹89.85 (29.8% below fair value)
Industry Position: 85.1% above the Steel median (#192 of 635)
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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