Hi-Tech Pipes (NSE:HITECH) ROCE %: 10.64% (As of Mar. 2026)

What is Hi-Tech Pipes ROCE %?

Hi-Tech Pipes NSE:HITECH -4.46% 87 ROCE % is 10.64% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Hi-Tech Pipes's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.64%.

Hi-Tech Pipes (NSE:HITECH) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Hi-Tech Pipes ROCE % Related Terms

Hi-Tech Pipes ROCE % Historical Data

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The historical data trend for Hi-Tech Pipes's ROCE % 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.

Hi-Tech Pipes ROCE % Chart

Hi-Tech Pipes Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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23.05

16.86

15.53

13.89

10.71

Hi-Tech Pipes Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															10.76	10.86	11.39	10.40	10.64

87GF Score

Hi-Tech Pipes Ltd NSE:HITECH

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Hi-Tech Pipes ROCE % Calculation

Hi-Tech Pipes's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	1490.378	/	( ( (17556.623 - 4378.385)	+	(20236.161 - 5587.79) )	/ 2 )
	=	1490.378	/	( (13178.238	+	14648.371)	/ 2 )
	=	1490.378	/	13913.3045
	=	10.71 %

Hi-Tech Pipes's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	1558.116	/	( ( (0 - 0)	+	(20236.161 - 5587.79) )	/ 1 )
	=	1558.116	/	( ( 0	+	14648.371 )	/ 1 )
	=	1558.116	/	14648.371
	=	10.64 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 10.64% mean?

Hi-Tech Pipes (NSE:HITECH) has a ROCE % of 10.64% as of Mar. 2026.

Is Hi-Tech Pipes' ROCE % too high?

Hi-Tech Pipes' current ROCE % is 10.64%. The Steel industry median ROCE % is 5.50. Hi-Tech Pipes' value of 10.64% is 93.5% above this industry median. 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' ROCE % compare to NUE and STLD?

Hi-Tech Pipes' ROCE % of 10.64% can be compared against companies in the Steel industry. The industry median ROCE % is 5.50. Hi-Tech Pipes' value of 10.64% is 93.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Steel company?

The median ROCE % among Steel companies is 5.50, based on 621 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hi-Tech Pipes's current ROCE % of 10.64% is 93.5% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median ROCE % is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Tech Pipes's current ROCE % is 10.64%. 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 ROCE % is 10.64% and 93.5% above the Steel industry median of 5.50. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Hi-Tech Pipes (NSE:HITECH), the current ROCE % is 10.64% 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:

ROCE %: 10.64%
GF Value™: ₹127.96 vs. price of ₹89.85 (29.8% below fair value)
GF Score™: 87/100 with 6 warning signs
Industry Position: 93.5% above the Steel median

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 Business Description

Industry Basic Materials Steel

Comparable Companies BOM:534748 BOM:513554 BOM:539799 BOM:500460 BOM:517522 BOM:532887 BOM:542669 BOM:540642 BOM:543517 BOM:543978 NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL XKRX:005490 RS SHSE:600019 TSE:5401 SHSE:600010

Other Exchanges 543411:India

Address Ground Floor 10 Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website https://www.hitechpipes.in

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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹89.85

Price

₹127.96

GF Value

View NSE:HITECH Analysis

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