Hariom Pipe Industries Ltd.

•

hariompipes.comBSE: 543517NSE: HARIOMPIPE

Market Cap₹ 1,120 Cr.

Current Price

High / Low₹ 572 / 268

Stock P/E16.3

Book Value₹ 214

Price to Book1.80

Dividend Yield0.21 %

ROCE14.2 %

ROE12.1 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

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PROS

Company converts assets efficiently - asset turnover of 1.6x

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 15.9% versus prior year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1308.00	12.91	319865.38	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	185.95	21.04	232129.86	2.15	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	184.00	17.79	76001.67	1.28	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2775.65	31.71	73219.05	0.18	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	762.35	19.35	62849.63	0.52	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2198.00	49.66	61029.32	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1086.30	27.00	30322.09	0.41	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	317.60	31.08	20310.78	0.63	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.00	45.47	19681.83	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	537.05	16.75	18924.64	0.37	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	252.40	21.07	16992.55	0.40	222.37	2.75	1750.47	32.29	20.20	19.36
12.	HARIOMPIPE	361.55	16.30	1119.62	0.21	16.60	-29.68	429.18	-6.89	14.16	11.63

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	331	343	314	300	400	461	336	363	507	429
	289	299	272	260	351	403	293	318	443	408
Operating Profit	42	45	42	40	49	58	43	45	64	21
OPM %	12.70%	12.98%	13.49%	13.21%	12.22%	12.49%	12.72%	12.47%	12.59%	4.90%
	1	1	1	0	0	1	1	2	9	1
Interest	10	11	10	12	12	12	13	14	14	13
Depreciation	10	12	12	13	14	14	16	18	17	15
Profit before Tax	24	23	22	15	23	32	14	16	42	22
Tax %	28.91%	22.91%	26.91%	27.10%	26.47%	26.71%	27.15%	25.51%	27.82%	25.93%
Net Profit	0	0	0	0	17	24	10	12	30	17
	6.01	5.74	5.17	3.68	5.66	7.62	3.36	3.74	9.72	5.36

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	TTM
	1,153	1,357	1,635
	1,015	1,182	1,462
Operating Profit	139	175	173
OPM %	12.02%	12.93%	10.57%
	5	3	13
Interest	33	45	55
Depreciation	34	50	66
Profit before Tax	77	83	94
Tax %	26.58%	25.72%	26.88%
Net Profit	57	62	69
EPS	19.69	19.93	—
Dividend Payout %	3.05%	3.06%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -15%
1 Year:: -23%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
Equity Capital	29	31
	417	542
	343	374
Trade Payables	19	186
	73	64
Total Liabilities	880	1,197
	366	424
Capital Work in Progress	13	12
	297	427
	122	202
Cash & Bank	32	51
	50	81
Total Assets	880	1,197

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	5	79
Cash from Investing	-182	-86
Cash from Financing	74	31
	-102	24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.17	57.15	57.26	57.26	57.26	57.26	57.26	57.26	57.26
	10.10	9.55	9.40	9.49	9.59	9.53	9.23	9.50	10.25
	0.16	0.38	0.05	0.23	0.22	0.16	0.05	0.06	0.07
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	32.57	32.93	33.29	33.01	32.93	33.05	33.46	33.19	32.42

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Hariom Pipe Industries Limited has informed the Exchange about Copy of Newspaper Publication regarding dispatch of the Notice of 19th AGM and Annual Report for FY 2025-26

2026-09-07

General Updates

2026-09-07 - Hariom Pipe Industries Limited has informed the Exchange about General Updates on Intimation Under Regulation 36(1)(b) of SEBI (LODR) Regulations 2015 regarding a dispatch of web link letter to shareholders.

2026-09-07

Record Date

2026-09-07 - Hariom Pipe Industries Limited has informed the Exchange that Record date for the purpose of Dividend is 23-Sep-2026.

2026-09-07

Shareholders meeting

2026-09-07 - Hariom Pipe Industries Limited has informed the Exchange regarding Notice of the 19th Annual General Meeting to be held on September 30, 2026

2026-09-07

General Updates

2026-09-07 - Hariom Pipe Industries Limited has informed the Exchange about the Intimation of the 19th Annual General Meeting and Record Date and Cut-off date for remote e-voting and e-voting during the AGM.

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Hariom Pipe Industries Limited has informed the Exchange about Copy of Newspaper Publication Newspaper Advertisement Pre-dispatch Intimation of 18th AGM scheduled on September 30, 2025 through VC/OAVM.

2026-09-02

Change in Management

2026-09-02 - Hariom Pipe Industries Limited has informed the Exchange about change in Management: Re-appointment of Managing Director and Appointment of Joint Managing Director of the Company.

2026-09-02

Appointment

2026-09-02 - Hariom Pipe Industries Limited has informed the Exchange regarding Appointment of Mr. Shailesh Kumar Gupta as Executive Director of the company w.e.f. September 02, 2026.

2026-09-02

Outcome of Board Meeting

2026-09-02 - Hariom Pipe Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on September 02, 2026

News

Recent coverage and analyst commentary for HARIOMPIPE

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Hariom Pipe Industries Ltd.

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Name

JSWSTEEL

1308.00

12.91

319865.38

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

185.95

21.04

232129.86

2.15

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

184.00

17.79

76001.67

1.28

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2775.65

31.71

73219.05

0.18

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

762.35

19.35

62849.63

0.52

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2198.00

49.66

61029.32

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1086.30

27.00

30322.09

0.41

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

317.60

31.08

20310.78

0.63

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2808.00

45.47

19681.83

0.36

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

537.05

16.75

18924.64

0.37

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

252.40

21.07

16992.55

0.40

222.37

2.75

1750.47

32.29

20.20

19.36

HARIOMPIPE

361.55

16.30

1119.62

0.21

16.60

-29.68

429.18

-6.89

14.16

11.63

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

331

343

314

300

400

461

336

363

507

429

289

299

272

260

351

403

293

318

443

408

Operating Profit

OPM %

12.70%

12.98%

13.49%

13.21%

12.22%

12.49%

12.72%

12.47%

12.59%

4.90%

Interest

Depreciation

Profit before Tax

Tax %

28.91%

22.91%

26.91%

27.10%

26.47%

26.71%

27.15%

25.51%

27.82%

25.93%

Net Profit

6.01

5.74

5.17

3.68

5.66

7.62

3.36

3.74

9.72

5.36

Mar 2024

Mar 2025

TTM

1,153

1,357

1,635

1,015

1,182

1,462

Operating Profit

139

175

173

OPM %

12.02%

12.93%

10.57%

Interest

Depreciation

Profit before Tax

Tax %

26.58%

25.72%

26.88%

Net Profit

EPS

19.69

19.93

—

Dividend Payout %

3.05%

3.06%

—

Mar 2024

Mar 2025

Equity Capital

417

542

343

374

Trade Payables

186

Total Liabilities

880

1,197

366

424

Capital Work in Progress

297

427

122

202

Cash & Bank

Total Assets

880

1,197

Mar 2024

Mar 2025

Cash from Investing

-182

-86

Cash from Financing

-102

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

57.17

57.15

57.26

10.10

9.55

9.40

9.49

9.59

9.53

9.23

9.50

10.25

0.16

0.38

0.05

0.23

0.22

0.16

0.05

0.06

0.07

Government

0.00

32.57

32.93

33.29

33.01

32.93

33.05

33.46

33.19

32.42

Hariom Pipe Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Hariom Pipe Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI