Hi-Tech Pipes cash flow

Latest FY26

Cash from operations: ₹3.3cr−95.2% on FY25
Capital spending: ₹152cr−20.1% on FY25
Free cash flow: −₹148cr−₹120 cr in FY25
Cash from financing: ₹23.1cr−93.5% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	27.1	20.9	15.5	13.8
	—	47.6	43.0	41.9	35.3
	—	−0.6	−1.6	0.0	0.0
	—	0.6	−0.1	0.1	0.1
	—	0.0	0.0	−0.0	−0.1
	—	−0.0	0.0	0.0	0.0
	—	−181	−37.6	−39.9	−47.4
	—	−146	−22.5	−94.7	−18.1
	—	64.6	−112	−36.6	8.6
	—	0.0	−0.0	0.0	0.0
	—	118	92.4	−16.9	94.5
	—	0.0	0.0	−4.8	0.0
	—	−7.5	5.3	0.0	6.7
	—	0.0	2.4	0.0	0.0
	—	1.2	0.0	−6.1	6.8
Cash from operating activities
	100.0	101	98.0	58.7	49.9
	—	−76.6	−9.3	−141	100
	—	24.8	88.7	−82.8	150
	—	0.0	0.0	−1.1	−1.4
	—	21.5	18.9	11.3	15.1
	—	3.3	69.8	−95.2	134
Cash from investing activities
	—	152	190	109	69.3
	—	0.0	0.0	0.0	0.1
	—	18.2	0.0	0.0	0.0
	—	−81.5	4.4	0.0	0.0
	—	49.5	0.0	0.0	0.0
	—	0.6	1.6	0.0	0.0
	—	−2.3	−197	−9.5	−31.3
	—	−40.6	−390	−119	−101
Cash from financing activities
	—	0.0	472	0.0	0.0
	—	0.0	136	115	122
	—	45.2	0.0	0.0	0.0
	—	0.0	211	−156	129
	—	−25.5	0.0	0.0	0.0
	—	47.6	43.0	40.8	33.9
	—	0.5	0.4	0.3	0.6
	—	0.4	0.1	−14.9	9.4
	—	23.1	354	214	−32.2
	—	−14.2	33.5	0.4	1.0
	—	−14.2	33.5	0.4	1.0
	—	—	—	2.3	1.9
Reference items
	182	174	160	115	103
	3.8%	4.1%	5.2%	4.3%	4.3%
	−148	−148	−120	−204	64.4
	—	−108	−350	−114	—
	−₹7.31	−₹7.31	−₹5.91	−₹10.06	₹3.17
	—	0.04×	0.96×	−2.17×	3.55×
	—	21.5	18.9	11.3	15.1
	—	47.6	43.0	40.8	33.9

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

HITECH₹67.75

Hi-Tech Pipes Limited

· Capital Goods & Defence

₹ CrorePeersAEROENTER RHETAN RSL MUKANDLTD STEELXIND MSPL RATNAVEER MANAKCOATMcap ₹1,376 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	13.8	15.5	20.9	27.1	—
+ Finance Costs	35.3	41.9	43.0	47.6	—
+ Interest Income	0.0	0.0	-1.6	-0.6	—
+ Other Non-cash Items	0.1	0.1	-0.1	0.6	—
+ Other — Cash Effects are Investing / Financing	-0.1	-0.0	0.0	0.0	—
+ Other Reconciling Items	0.0	0.0	0.0	-0.0	—
Changes in Working Capital
+ Inventories	-47.4	-39.9	-37.6	-181.3	—
+ Trade Receivables — Current	-18.1	-94.7	-22.5	-146.3	—
+ Other Current Assets	8.6	-36.6	-111.5	64.6	—
+ Other Non-current Assets	0.0	0.0	-0.0	0.0	—
+ Trade Payables — Current	94.5	-16.9	92.4	118.1	—
+ Trade Payables — Non-current	0.0	-4.8	0.0	0.0	—
+ Other Current Liabilities	6.7	0.0	5.3	-7.5	—
+ Other Non-current Liabilities	0.0	0.0	2.4	0.0	—
+ Provisions — Current	6.8	-6.1	0.0	1.2	—
Cash from Operating Activities
Profit Before Tax (per I/S)	49.9	58.7	98.0	101.5	100.0
+ Total Adjustments (incl. Working Capital)	100.3	-141.4	-9.3	-76.6	—
Cash from Operations (pre-tax)	150.2	-82.8	88.7	24.8	—
+ Interest Received — Operating	-1.4	-1.1	0.0	0.0	—
+ Income Taxes Paid	15.1	11.3	18.9	21.5	—
Cash from Operating Activities	133.7	-95.2	69.8	3.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	69.3	109.2	189.9	151.8	—
+ Disp of Fixed Assets	0.1	0.0	0.0	0.0	—
+ Acq of Goodwill	0.0	0.0	0.0	18.2	—
+ Loans & Advances Made	0.0	0.0	4.4	-81.5	—
+ Loans & Advances Repaid	0.0	0.0	0.0	49.5	—
+ Interest Received — Investing	0.0	0.0	1.6	0.6	—
+ Other Inflows / (Outflows) — Investing	-31.3	-9.5	-197.4	-2.3	—
Cash from Investing Activities	-100.6	-118.7	-390.1	-40.6	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	472.4	0.0	—
+ Proceeds from Other Equity Instruments	122.3	114.6	136.1	0.0	—
+ Proceeds from Borrowings	0.0	0.0	0.0	45.2	—
+ Repayment of Borrowings	129.4	-155.8	211.5	0.0	—
+ Payment of Lease Liabilities	0.0	0.0	0.0	-25.5	—
+ Interest Paid	33.9	40.8	43.0	47.6	—
+ Dividends Paid	0.6	0.3	0.4	0.5	—
+ Other Inflows / (Outflows) — Financing	9.4	-14.9	0.1	0.4	—
Cash from Financing Activities	-32.2	214.3	353.7	23.1	—
Net Changes in Cash (pre-FX)	1.0	0.4	33.5	-14.2	—
Net Changes in Cash	1.0	0.4	33.5	-14.2	—
Closing Cash	1.9	2.3	—	—	—
Reference Items
EBITDA	103.2	114.9	160.0	173.6	181.9
EBITDA Margin %	4.33	4.26	5.22	4.13	3.77
Free Cash Flow (CFO − Capex)	64.4	-204.4	-120.1	-148.5	-148.5
Free Cash Flow to Equity	—	-114.4	-349.8	-107.6	—
Free Cash Flow per Basic Share	3.17	-10.06	-5.91	-7.31	-7.31
Cash Flow to Net Income	3.55	-2.17	0.96	0.04	—
Cash Paid for Taxes	15.1	11.3	18.9	21.5	—
Cash Paid for Interest	33.9	40.8	43.0	47.6	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.