Hariom Pipe Industries Limited HARIOMPIPE NSEINFRA

Basic Materials · Steel · India

https://www.hariompipes.com

Hariom Pipe Industries Limited manufactures and sells iron and steel products in India. It offers mild steel pipes, tubes, and billets; hot and cold rolled square, rectangular, and circular pipes and tubes; hot dipped galvanized pipes; pre galvanized pipes; and cold rolled full hard, pre galvanized, hot rolled pickled and oiled, and cold rolled closed annealed slit coils. The company also provides scaffolding solutions, such as cuplocks, telescopic props/adjustable props/jacks, spans/acro spans/telescopic spans/adjustable spans, H frame systems, fixed base plates, adjustable base plates, stirrup head/universal jacks, spigot/joint pins, jalli/plank/platform products, and clamps/ couplers. It offers its products for various applications, including chemical, construction, automotive, manufacturing, infrastructure, steel manufacturing, ferroalloy production, powder metallurgy, furniture and interior design, fabrication, maintenance, events, metal fabrication, automotive parts manufacturing, industrial, irrigation, plumbing systems, agricultural machinery, roofing, industrial equipment, and transportation. Hariom Pipe Industries Limited was incorporated in 2007 and is based in Hyderabad, India.

Market & Price

Market Cap

₹1,220.11 Cr

Current Price

₹394.00

High / Low (52W)

₹549.53 / ₹270.15

Beta

0.64

Valuation

Stock P/E

16.10

Industry PE

23.81

Forward P/E

PEG Ratio

Book Value

₹195.14

Price to Book

2.02

P/S

0.73

EV/EBITDA

7.76

Dividend Yield

0.15%

Profitability & Returns

ROCE

18.84%

ROE

12.39%

ROA

7.46%

Profit Margin

4.54%

Op Margin

9.19%

EPS (Latest Qtr)

₹9.72

EPS (TTM)

₹24.47

Balance Sheet & Liquidity

Debt/Equity

0.62

Quick Ratio

0.52

Current Ratio

1.68

Debt

₹404.09 Cr

Total Assets

₹1,219.89 Cr

Current Assets

₹644.81 Cr

Working Capital

₹259.93 Cr

Ownership

Promoter Holding

60.70%

Chg in Prom Hold

FII / Inst Holding

9.46%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹1,624.00 Cr

Total Revenue (TTM)

₹1,666.95 Cr

EBITDA

₹209.39 Cr

Free Cash Flow

₹-33.97 Cr

Operating Cash Flow

₹192.06 Cr

Shares Outstanding

₹3.10 Cr

Gross Margin

17.59%

Payout Ratio

2.49%

Growth (CAGR)

Revenue 5Y

37.32%

Profit 5Y

17.89%

Revenue (YoY)

26.90%

Earnings (YoY)

74.60%

PROS

Compounding revenue at 37.3% over 5 years.
Profit CAGR of 17.9% over 5 years.

CONS

Trading 28.3% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HARIOMPIPE Hariom Pipe Industries Limited NSEINFRA	394.00	16.10	₹1,220.11 Cr	0.15%	18.84%	12.39%	37.32%	17.89%
2	ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA	11,482.00	41.32	₹3.38 L Cr	0.67%	11.90%	10.59%	12.40%	17.26%
3	JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA	1,278.00	14.01	₹3.12 L Cr	0.56%	19.15%	27.26%	3.61%	75.28%
4	HINDZINC Hindustan Zinc Limited NSEINFRA	632.95	19.34	₹2.67 L Cr	3.32%	62.35%	76.94%	5.61%	9.58%
5	TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA	208.02	28.34	₹2.59 L Cr	1.92%	11.32%	11.16%	-1.59%	7.21%
6	HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA	1,126.70	18.73	₹2.52 L Cr	0.44%	9.50%	10.29%	7.40%	9.87%
7	GRASIM Grasim Industries Limited NIFTY50NSEINFRA	3,122.40	42.74	₹2.12 L Cr	0.32%	4.00%	6.29%	14.63%	-10.06%
8	SOLARINDS Solar Industries India Limited NSEINFRA	18,247.00	98.04	₹1.65 L Cr	0.06%	29.51%	31.33%	13.27%	30.36%
9	PIDILITIND Pidilite Industries Limited NSEINFRA	1,482.80	61.73	₹1.51 L Cr	0.67%	28.48%	23.52%	7.50%	24.36%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	299.88 Cr	399.70 Cr	460.96 Cr	335.87 Cr	362.85 Cr	507.27 Cr
Cost of Revenue	-	227.00 Cr	314.56 Cr	366.57 Cr	257.24 Cr	277.63 Cr	400.63 Cr
Gross Profit	-	72.89 Cr	85.15 Cr	94.40 Cr	78.63 Cr	85.22 Cr	106.64 Cr
Operating Expenses	-	45.80 Cr	49.90 Cr	51.15 Cr	51.97 Cr	57.63 Cr	60.00 Cr
Operating Income	-	27.08 Cr	35.25 Cr	43.25 Cr	26.66 Cr	27.59 Cr	46.64 Cr
EBITDA	-	40.11 Cr	49.30 Cr	58.96 Cr	43.62 Cr	46.73 Cr	73.24 Cr
Interest Expense	-	12.17 Cr	12.23 Cr	12.43 Cr	13.27 Cr	13.52 Cr	14.32 Cr
Pretax Income	-	15.39 Cr	23.45 Cr	32.20 Cr	14.29 Cr	15.56 Cr	41.69 Cr
Tax Provision	-	4.16 Cr	6.21 Cr	8.60 Cr	3.88 Cr	3.97 Cr	11.59 Cr
Net Income	-	11.23 Cr	17.24 Cr	23.60 Cr	10.41 Cr	11.59 Cr	30.10 Cr
Diluted EPS	5.09	3.63	5.57	7.62	3.36	3.74	9.72

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	643.71 Cr	1,153.19 Cr	1,357.05 Cr	1,666.95 Cr
Cost of Revenue	-	463.05 Cr	886.31 Cr	1,047.61 Cr	1,302.07 Cr
Gross Profit	-	180.66 Cr	266.88 Cr	309.43 Cr	364.88 Cr
Operating Expenses	-	108.20 Cr	162.15 Cr	184.31 Cr	220.75 Cr
Operating Income	-	72.46 Cr	104.73 Cr	125.12 Cr	144.13 Cr
EBITDA	-	81.89 Cr	143.47 Cr	178.32 Cr	222.55 Cr
Interest Expense	-	9.63 Cr	32.24 Cr	44.91 Cr	53.55 Cr
Pretax Income	-	62.83 Cr	77.36 Cr	83.10 Cr	103.74 Cr
Tax Provision	-	16.62 Cr	20.56 Cr	21.38 Cr	28.04 Cr
Net Income	-	46.21 Cr	56.80 Cr	61.73 Cr	75.71 Cr
Diluted EPS	-	18.29	18.34	19.93	24.45

Compounded Sales Growth

5 Years:	37.32%
1 Year:	26.90%

Compounded Profit Growth

5 Years:	17.89%
1 Year:	74.60%

Stock Price Performance

1 Year:	+1.95%
6 Months:	+16.36%
3 Months:	+6.11%
1 Month:	+19.25%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	709.18 Cr	880.24 Cr	1,196.87 Cr	1,219.89 Cr
Current Assets	-	429.66 Cr	481.59 Cr	752.67 Cr	644.81 Cr
Cash & Equivalents	-	104.04 Cr	1.78 Cr	26.01 Cr	2.89 Cr
Inventory	-	212.17 Cr	296.54 Cr	426.70 Cr	404.58 Cr
Receivables	-	86.12 Cr	122.07 Cr	202.49 Cr	189.07 Cr
Total Liabilities	-	334.02 Cr	416.12 Cr	624.20 Cr	570.66 Cr
Current Liabilities	-	203.03 Cr	286.57 Cr	518.85 Cr	384.88 Cr
Long Term Debt	-	124.04 Cr	118.47 Cr	91.96 Cr	144.56 Cr
Total Debt	-	296.13 Cr	370.86 Cr	400.16 Cr	404.09 Cr
Total Equity	-	375.17 Cr	464.12 Cr	572.67 Cr	646.53 Cr
Shares Outstanding	-	2.76 Cr	2.89 Cr	3.10 Cr	3.10 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	-100.57 Cr	4.96 Cr	78.63 Cr	192.06 Cr
Investing Cash Flow	-	-221.52 Cr	-181.59 Cr	-85.72 Cr	-140.52 Cr
Financing Cash Flow	-	426.06 Cr	74.37 Cr	31.32 Cr	-74.66 Cr
Capital Expenditure	-	-222.25 Cr	-231.33 Cr	-105.93 Cr	-159.79 Cr
Free Cash Flow	-	-322.81 Cr	-226.37 Cr	-27.30 Cr	32.27 Cr
Net Change in Cash	-	103.97 Cr	-102.26 Cr	24.23 Cr	-23.13 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	28.1%	23.1%	22.8%	21.9%
Operating Margin %	-	11.3%	9.1%	9.2%	8.6%
Net Margin %	-	7.2%	4.9%	4.5%	4.5%
ROE %	-	12.3%	12.2%	10.8%	11.7%
ROCE %	-	14.3%	17.6%	18.5%	17.3%

Shareholding Pattern

Insiders

60.70%

Institutions

9.46%

Public Float

24.08%

Analyst View

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HARIOMPIPE · Basic Materials