MarketFriction

Hariom Pipe Industries Ltd

NSE HARIOMPIPE · BSE 543517 · Iron & Steel Products
₹332.35 -2.52%
NSE close2026-10-01
52 week range268.05 - 498.20
Market cap₹1,068 Cr.
P/E15.4
IPO 2022 · +117% since Price band 20% Delivery 47.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales302280331343314300400461336363507429
Expenses266247289299272260351403293318443379
Operating Profit363342454240495843456450
OPM %12%12%13%13%13%13%12%12%13%12%13%12%
Other Income121110011192
Interest71110111012121213141413
Depreciation91010121213141416181715
Profit before tax201424232215233214164223
Tax %27%29%29%23%27%27%26%27%27%25%28%25%
Net Profit151017181611172410123017
EPS in Rs5.353.555.815.665.093.635.577.623.363.759.755.61
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales871051341612544316441,3601,6041,6671,635
Expenses80901171372203745621,2211,4291,4581,433
Operating Profit7151723345682139175209202
OPM %8%14%13%15%13%13%13%10%11%13%12%
Other Income1000131531314
Interest3337881033455455
Depreciation232568934506566
Profit before tax2101211214363778310495
Tax %33%36%31%30%29%25%26%27%26%27%
Net Profit268815324657627670
EPS in Rs9.475.946.215.988.9218.8316.7319.6819.9324.4922.47
Dividend Payout %0%0%10%0%0%0%0%3%3%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%46%37%11%
Compounded Profit Growth%38%18%3%
Stock Price CAGR%%-17%-30%
Return on Equity15%14%13%12%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2111313171728293131
Reserves10921355484348435542616
Borrowings292556688087297372401369
Other Liabilities713142323273744223167
Total Liabilities47581051401742167098801,1971,182
Fixed Assets121243505954135366424479
CWIP0100810103131215
Investments0000000009
Other Assets36466290107152471501761680
Total Assets47581051401742167098801,1971,182
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity4761104-101579192
Cash from Investing Activity-0-4-32-12-23-4-222-182-86-110
Cash from Financing Activity-4-330912-04267431-107
Net Cash Flow-0-04-2-1-1104-10224-26
Free Cash Flow33-26-11-13-1-323-136-2573
CFO/OP60%68%51%10%42%19%-101%17%53%103%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days23362952282349334641
Inventory Days165196169251174150172124156113
Days Payable283121639141386831
Cash Conversion Cycle161201177240193159207149134123
Working Capital Days121586559576269444256
ROCE %30%22%18%21%28%17%15%14%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters60.91%60.91%58.28%57.16%57.15%57.27%57.27%57.27%57.27%57.27%57.27%57.27%
FIIs2.81%2.58%6.51%10.10%9.55%9.40%9.49%9.59%9.53%9.23%9.50%10.25%
DIIs0.00%0.00%0.00%0.16%0.38%0.05%0.23%0.22%0.16%0.05%0.06%0.07%
Public36.28%36.52%35.21%32.59%32.93%33.30%33.02%32.93%33.06%33.46%33.19%32.43%
No. of Shareholders37,85039,80643,56344,37345,72049,73354,05656,88557,91057,62753,76354,386

Fundamentals

Market Cap₹ 1,068 Cr.
Current Price₹ 345
Stock P/E15.4
Book Value₹ 209
ROCE15.8 %
ROE12.4 %
Dividend Yield0.22 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)3%
Standalone figures.
Valuation
Market capRs 1,028 Cr
Enterprise valueRs 1,397 Cr
P/E (TTM)14.78x
Price to book1.59x
Price to sales0.63x
EV / EBITDA6.48x
EV / EBIT9.35x
EV / sales0.85x
Price to cash flow5.35x
Earnings yield6.77%
Dividend yield0.23%
P/E, 3-year average19.88x
P/B, 3-year average2.31x
P/E, 5-year average22.79x
P/B, 5-year average2.71x
Profitability
Operating margin (excl. other income)12.56%
Operating margin (incl. other income)13.35%
EBITDA margin13.19%
Pre-tax margin5.80%
Net profit margin4.25%
Net margin, latest quarter4.04%
ROE12.44%
ROCE15.82%
ROA6.37%
ROE, 3-year average12.63%
ROCE, 3-year average14.84%
ROA, 3-year average6.49%
ROE, 5-year average18.90%
ROCE, 5-year average18.29%
ROA, 5-year average9.17%
ROIC (approx.)10.74%
Tax rate26.99%
Other income / net worth2.04%
Growth
Sales growth (latest year)3.92%
Profit growth (latest year)22.84%
Sales CAGR, 3 years37.32%
Sales CAGR, 5 years45.67%
Profit CAGR, 3 years17.95%
Profit CAGR, 5 years38.04%
Sales growth QoQ-15.39%
Profit growth QoQ-42.48%
Sales growth YoY (latest quarter)-6.89%
Profit growth YoY (latest quarter)-26.47%
Per share
EPS (TTM)Rs 22.49
EPS (latest quarter)Rs 5.61
EPS, 3-year averageRs 19.81
EPS, 5-year averageRs 18.79
Book value per shareRs 209.03
Sales per shareRs 528.57
Cash flow per shareRs 62.09
Free cash flow per shareRs 23.60
Dividend per share, 3-year averageRs 0.60
Dividend per share, 5-year averageRs 0.60
Dividends
Dividend payout3.06%
Dividend payout, 3-year average3.06%
Dividend payout, 5-year average3.06%
Efficiency
Asset turnover1.41x
Fixed asset turnover3.48x
Inventory turnover3.40x
Inventory days108 days
Debtor days41 days
Debtors turnover8.82x
Creditor days31 days
Cash conversion cycle123 days
Working capital days56 days
Leverage
Total debtRs 369 Cr
Cash and bankRs 0 Cr
Net debtRs 369 Cr
Debt to equity0.57x
Net debt / EBITDA1.71x
Interest coverage2.74x
Current ratio (filing 2026-03-31)1.67x
Quick ratio (filing 2026-03-31)0.62x
Trade payables (filing 2026-03-31)Rs 112 Cr
Owners' fund to total sources54.69%
Debt to assets31.23%
Cash flow
Cash from Operating Activity (latest year)Rs 192 Cr
Cash from Investing Activity (latest year)Rs -110 Cr
Cash from Financing Activity (latest year)Rs -107 Cr
Net Cash Flow (latest year)Rs -26 Cr
Free cash flow (latest year)Rs 73 Cr
FCFE (approx.: FCF + change in debt)Rs 41 Cr
Cash from ops / profit, 5 years0.66x
Sales to cash flow8.68x
Statement figures
Net sales (TTM)Rs 1,635 Cr
Net sales (latest year)Rs 1,667 Cr
Sales (latest quarter)Rs 429 Cr
Operating profit excl. other income (latest year)Rs 209 Cr
Operating profit (latest quarter)Rs 50 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 216 Cr
PBDT (TTM)Rs 161 Cr
Profit before tax (TTM)Rs 95 Cr
Tax (latest year)Rs 28 Cr
Net profit (TTM)Rs 70 Cr
Net profit (latest year)Rs 76 Cr
Net profit (latest quarter)Rs 17 Cr
Depreciation (TTM)Rs 66 Cr
Depreciation (latest quarter)Rs 15 Cr
Interest (TTM)Rs 55 Cr
Cost of goods sold (latest year)Rs 1,374 Cr
Total expenditure (latest year)Rs 1,458 Cr
Total income (latest year)Rs 1,680 Cr
Share capitalRs 31 Cr
ReservesRs 616 Cr
Shareholders' fundsRs 647 Cr
Total assetsRs 1,182 Cr
Net blockRs 479 Cr
Capital work in progressRs 15 Cr
InvestmentsRs 9 Cr
ReceivablesRs 189 Cr
InventoryRs 405 Cr
Other liabilitiesRs 167 Cr
Shares outstanding (crore)3.09
Ownership
Promoter holding57.27% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 14.8 is at the 2th percentile of its own 4.6-year range (median 27.2, low 13.6, high 61.3).
P/B 1.59 is at the 2th percentile (median 4.21).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHARIOMPIPENifty 50Difference
1 week-5.2%-2.8% -2.5 pts
1 month-3.0%-6.8% +3.8 pts
3 months-16.9%-7.6% -9.3 pts
6 months+20.8%+0.4% +20.4 pts
1 year-35.0%-9.9% -25.1 pts
2 years-58.0%-13.6% -44.5 pts
3 years-44.4%+14.2% -58.6 pts

Red flags

F-score 8 of 8
lookRegulator order or action Regulator order or action 2026-07-13: Hariom Pipe Industries Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹429 Cr -6.9% vs Jun 2025. Net profit ₹17 Cr -29.2%.
Against our estimate for Jun 2026: sales -24.9%, profit -30.1% miss. Our estimate for Sep 2026: sales Rs 369 Cr, profit Rs 13 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-23Dividend - Re 0.75 Per Share
2025-09-23Dividend - Re 0.61 Per Share
2024-09-13Dividend - Re 0.60 Per Share
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-23Concall / analyst meetSchedule of meet
2026-09-07General UpdatesGeneral Updates on Intimation Under Regulation 36(1)(b) of SEBI (LODR) Regulations 2015 regarding a dispatch of web link letter to shareholders.
2026-09-07Record DateRecord date for the purpose of Dividend is 23-Sep-2026.
2026-09-07Shareholder meetingNotice of the 19th Annual General Meeting to be held on September 30, 2026
2026-09-07General UpdatesThe Intimation of the 19th Annual General Meeting and Record Date and Cut-off date for remote e-voting and e-voting during the AGM.
2026-09-02Change in ManagementChange in Management: Re-appointment of Managing Director and Appointment of Joint Managing Director of the Company.
2026-09-02AppointmentAppointment of Mr. Shailesh Kumar Gupta as Executive Director of the company w.e.f. September 02, 2026.
2026-09-02Board meeting outcomeOutcome of Board Meeting held on September 02, 2026
2026-08-14Investor PresentationInvestor Presentation
2026-08-12Change in ManagementChange in Management -Appointment of Cost Auditors
2026-08-12Board meeting outcomeHariom Pipe Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11ResignationResignation of Director/KMP/SMP
2026-08-11Change in ManagementChange in Management - Resignation of Senior Management Personnel
2026-07-30General UpdatesGeneral Updates - Receipt of Project Commissioning Certificate and Declaration of Commercial Operation Date.
2026-07-27AllotmentAllotment of 1500000 Convertible Warrants on Preferential Issue by way of resolution passed through circulation on July 27, 2026
2026-07-23Credit Rating- RevisionCredit Rating- Revision
2026-07-13Regulatory actionAction(s) taken or orders passed
2026-07-11General UpdatesGeneral Updates
2026-06-17Shareholder meetingVoting results.
2026-06-16Shareholder meetingProceedings of Extraordinary General Meeting held on Jun 16, 2026
2026-06-09Shareholder meetingCorrigendum cum Addendum to the Notice of the Extra-Ordinary General Meeting scheduled to be held on Tuesday, June 16, 2026.
2026-05-28Concall / analyst meetTranscript
2026-05-25Concall / analyst meetLink of Recording
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Hariom Pipe Industries Ltd?

Hariom Pipe Industries Ltd (HARIOMPIPE) has a market capitalisation of Rs 1,068 Cr. at the 2026-10-01 close.

What is the P/E ratio of Hariom Pipe Industries Ltd?

Hariom Pipe Industries Ltd trades at a P/E of 15.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Hariom Pipe Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Hariom Pipe Industries Ltd sales was Rs 429 Cr (-6.9% vs Jun 2025) and net profit was Rs 17 Cr.

What is the 52-week high and low of Hariom Pipe Industries Ltd?

The 52-week high is Rs 498.20 and the 52-week low is Rs 268.05.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03