Multibagger Stock Holds Ground Amid Market Dip as Five-Year Gains Near 1,100% – Do You Own?

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Hi-Tech Pipes reported revenue of ₹734 crore in Q4FY25, a 7.74 per cent increase from ₹681 crore in the same quarter last year.

On 2 June 2025, shares of Hi-Tech Pipes Ltd, a leading steel processing firm catering to the infrastructure, construction, and automotive sectors, rose by 2 per cent in intraday trading on the National Stock Exchange (NSE), reaching a high of ₹97.25 despite a broader market dip that saw the Nifty 50 fall by 0.45 per cent; the multibagger stock, which has surged nearly 1,100 per cent over five years, opened at ₹95.89 and was trading at ₹97.01 by 11:20 AM, with the latest uptrend attributed to strong Q4FY25 results announced on 26 May, showing a 59 per cent rise in net profit and 8 per cent growth in sales volume, although the stock had initially dipped by 2.5 per cent before rebounding in the following sessions.

Hi-Tech Pipes reported revenue of ₹734 crore in Q4FY25, a 7.74 per cent increase from ₹681 crore in the same quarter last year. Profit rose to ₹17.63 crore, up from ₹11.12 crore — a 59 per cent year-on-year increase. Although EBITDA remained largely flat at ₹34.93 crore, sales volumes rose to 1,16,032 MT.

For the full financial year FY25, revenue jumped 14 per cent to ₹3,068 crore from ₹2,699 crore in FY24. Net profit rose 66 per cent to ₹72.95 crore, while EBITDA surged by 39.33 per cent to ₹160.03 crore. Sales volumes for FY25 rose to a record 4,85,447 MT, up 24 per cent from the previous year.

According to Mint, the company attributed the improved EBITDA per tonne — ₹3,297 versus ₹2,937 last year — to better pricing realisation and increased share of value-added products. Mint also noted that the steel pipe maker remains upbeat on sustained demand from infrastructure and defence-linked sectors.

Price Volatility and Outlook

Despite its impressive long-term gains, Hi-Tech Pipes’ stock has seen some correction. It fell approximately 20 per cent over the past year, touching a 52-week low of ₹84.80 on 9 May 2025. This contrasts sharply with its 52-week high of ₹210.85 on 23 September 2024.

Short-term price action has been volatile. After the Q4 results, the stock fell 2.5 per cent on the same day but gained over 3 per cent across the following two sessions, only to retreat again by nearly 3 per cent in the next two days.

Analysts say that while some consolidation is underway, strong operational performance and capacity expansion plans could act as long-term growth catalysts.

Investor Takeaway

Hi-Tech Pipes’ steady performance amidst broader market softness suggests continued institutional and retail interest in small-cap industrial stocks with long-term earnings visibility. The strong full-year results, record sales volumes, and product diversification have reinforced its credentials as a multibagger, although investors must remain cautious of short-term volatility.