CRISIL reaffirms Hi-Tech Pipes at CRISIL A+
Hi-Tech Pipes (HITECH) said CRISIL has reaffirmed its credit rating at CRISIL A+, covering facilities or instruments of about ₹565 crore. The company is valued at about ₹1,343 crore.
What happened
Hi-Tech Pipes (HITECH) told the exchanges on 22 October 2026 at 06:43 PM that CRISIL has reaffirmed its credit rating at CRISIL A+, covering facilities or instruments of about ₹565 crore.
From the filing: "the our previous announcement dated October 17,2026, the credit bulletin dated October 22, 2026 is issued by CRSIL Ratings Limited in order to update the bank wise facilities in line with RBI requirements."
Company snapshot
Hi-Tech Pipes is a small-cap company, with a market value of about ₹1,343 crore.
The stock last traded at ₹66.14, against a 52-week range of ₹65.9–₹117.7 (43.8% below the high).
Before this filing the shares had moved −10.0% over the month and −20.2% over three months. Average daily turnover over the last 20 sessions was about ₹6.18 crore.
Promoters held 43.43% at the end of Q1 FY27, down 0.33% points from the previous quarter; 13.00% of promoter shares were pledged. Foreign institutions owned 1.05% and domestic institutions 16.17%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 791 | 20.9 | 1.04 |
| Q2 FY26 | 859 | 20.3 | 1.01 |
| Q3 FY26 | 1,070 | 17.4 | 0.84 |
| Q4 FY26 | 1,480 | 17.6 | 1.78 |
| Q1 FY27 | 1,413 | 20 | 0.99 |
What history shows
This is not the company's first credit rating disclosure: BCEIE has 1 earlier filing of this kind on record since May 2026.
Market-wide, 1,319 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Hi-Tech Pipes Share Price: Near 52-Week Low, Key Levels
- Hi-Tech Pipes (HITECH.NS) Steadies at ₹71.10 as ₹74.66 Resistance Comes Into Focus - Thematic ETF Flow
- Hi-Tech Pipes NSE:HITECH Reg 74(5) Compliance Certificate Q2 FY27
- CRISIL Reaffirms Credit Ratings for Hi-Tech Pipes; Enhances Rated Bank Loan Facilities Framework to ₹565 Crore
- Hi-Tech Pipes Q2 2026 Earnings: Revenue Jumps 40.09% YoY to ₹4,176 Crore as EPS Prints at ₹3.77 - Earnings Trend Analysis
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.