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Balance sheet of Hi-Tech Pipes is strong.
But short term working capital might become an issue for this company.
The debt of Hi-Tech Pipes is decreasing.
Latest debt of Hi-Tech Pipes is ₹293 Crs as of Sep-24.
This is less than Mar-24 when it was ₹351 Crs.
Yes, profit is increasing.
The profit of Hi-Tech Pipes is ₹66.44 Crs for TTM, ₹44.03 Crs for Mar 2024 and ₹37.79 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Hi-Tech Pipes latest dividend payout ratio is 0.85% and 3yr average dividend payout ratio is 1.07%
Companies resources are allocated to majorly unproductive assets like Accounts Receivable