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Hi-Tech PipesNSE:HITECH -0.31%87 3-Year ROIIC % is 5.26 as of Mar. 2026, which is 37% below its 10-year median of 8.30. GuruFocus rates NSE:HITECH with a GF Score™ of 87/100 and a GF Value™ of ₹129.57 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 605 Steel companies, Hi-Tech Pipes ranks better than 62.31% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Hi-Tech Pipes's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 5.26%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hi-Tech Pipes's 3-Year ROIIC % or its related term are showing as below:
NSE:HITECH's 3-Year ROIIC % is ranked better than 62.31% of 605
companies
in the Steel industry
Industry Median: -0.23
vs NSE:HITECH: 5.26
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Hi-Tech Pipes 3-Year ROIIC % Related Terms
Hi-Tech Pipes 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Hi-Tech Pipes's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Steel subindustry, Hi-Tech Pipes's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Hi-Tech Pipes's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hi-Tech Pipes's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Hi-Tech Pipes (NSE:HITECH) has a 3-Year ROIIC % of 5.26 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Hi-Tech Pipes and its competitors. This is 37% below median its historical median of 8.30. Over the past decade, Hi-Tech Pipes' 3-Year ROIIC % has ranged from 4.43 to 14.14. According to the industry distribution chart, Hi-Tech Pipes ranks #228 out of 605 companies in the Steel industry, placing it in the top 37.7%.
Is Hi-Tech Pipes' 3-Year ROIIC % too high?
Hi-Tech Pipes' current 3-Year ROIIC % of 5.26 is 37% below median its 10-year median of 8.30. Over the past 10 years, this metric has ranged from a low of 4.43 to a high of 14.14. Based on the distribution chart, Hi-Tech Pipes ranks #228 out of 605 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' 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Hi-Tech Pipes ranks #228 out of 605 companies for 3-Year ROIIC %. This puts Hi-Tech Pipes in the upper half of its industry. Historically, Hi-Tech Pipes' own 3-Year ROIIC % has ranged from 4.43 to 14.14 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Hi-Tech Pipes and its competitors. Hi-Tech Pipes's current 3-Year ROIIC % is 5.26, which is 37% below median its own 10-year median of 8.30. 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 ₹129.57, compared to a current price of ₹84.79 — trading 34.6% below its estimated fair value. The current 3-Year ROIIC % is 5.26, which is 37% below median its 10-year median of 8.30. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Hi-Tech Pipes (NSE:HITECH), the current 3-Year ROIIC % is 5.26 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 ₹84.79 is trading 34.6% below its estimated GF Value™ of ₹129.57.
GuruFocus considers Hi-Tech Pipes to be Possible Value Trap.
Key valuation signals for NSE:HITECH:
3-Year ROIIC %: 5.26 (37% below median its 10-year median of 8.30)
GF Value™: ₹129.57 vs. price of ₹84.79 (34.6% below fair value)
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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