Hariom Pipe Industries Ltd
Headquartered in Hyderabad, Telangana, Hariom Pipe Industries Limited is an integrated steel manufacturer with a stronghold in the South Indian market. It hasa diverse product portfolio consisting of Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils, and Scaffolding Systems, our top-quality products cater to a variety of industrial applications across multiple sectors.[1]
- Market Cap ₹ 1,641 Cr.
- Current Price ₹ 568
- High / Low ₹ 740 / 440
- Stock P/E 28.6
- Book Value ₹ 147
- Dividend Yield 0.00 %
- ROCE 17.0 %
- ROE 19.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 48.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.63%
- Company might be capitalizing the interest cost
- Debtor days have increased from 33.3 to 48.8 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
87 | 105 | 134 | 161 | 254 | 431 | 644 | 1,074 | |
80 | 90 | 117 | 137 | 220 | 374 | 562 | 946 | |
Operating Profit | 7 | 15 | 17 | 23 | 34 | 56 | 82 | 128 |
OPM % | 8% | 14% | 13% | 15% | 13% | 13% | 13% | 12% |
1 | 0 | 0 | 0 | 1 | 3 | 1 | 4 | |
Interest | 3 | 3 | 3 | 7 | 8 | 8 | 10 | 27 |
Depreciation | 2 | 3 | 2 | 5 | 6 | 8 | 9 | 28 |
Profit before tax | 2 | 10 | 12 | 11 | 21 | 43 | 63 | 77 |
Tax % | 33% | 36% | 31% | 30% | 29% | 25% | 26% | |
2 | 6 | 8 | 8 | 15 | 32 | 46 | 57 | |
EPS in Rs | 9.47 | 5.94 | 6.21 | 5.98 | 8.92 | 18.83 | 16.73 | 20.74 |
Dividend Payout % | 0% | 0% | 10% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 44% |
3 Years: | 59% |
TTM: | 108% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 48% |
3 Years: | 80% |
TTM: | 48% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 4% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 24% |
Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 11 | 13 | 13 | 17 | 17 | 28 | 28 |
Reserves | 10 | 9 | 21 | 35 | 54 | 84 | 348 | 378 |
Preference Capital | 5 | 3 | 6 | 3 | 0 | 1 | 1 | |
24 | 22 | 50 | 65 | 80 | 86 | 296 | 414 | |
12 | 17 | 20 | 26 | 23 | 29 | 38 | 40 | |
Total Liabilities | 47 | 58 | 105 | 140 | 174 | 216 | 709 | 859 |
12 | 12 | 43 | 50 | 59 | 54 | 135 | 274 | |
CWIP | 0 | 1 | 0 | 0 | 8 | 10 | 103 | 50 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
36 | 46 | 62 | 90 | 107 | 152 | 471 | 535 | |
Total Assets | 47 | 58 | 105 | 140 | 174 | 216 | 709 | 859 |
Cash Flows
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
4 | 7 | 6 | 1 | 10 | 4 | -101 | |
-0 | -4 | -32 | -12 | -23 | -4 | -222 | |
-4 | -3 | 30 | 9 | 12 | -0 | 426 | |
Net Cash Flow | -0 | -0 | 4 | -2 | -1 | -1 | 104 |
Ratios
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 23 | 36 | 29 | 52 | 28 | 23 | 49 |
Inventory Days | 165 | 196 | 169 | 251 | 174 | 150 | 172 |
Days Payable | 28 | 31 | 21 | 63 | 9 | 14 | 13 |
Cash Conversion Cycle | 161 | 201 | 177 | 240 | 193 | 159 | 207 |
Working Capital Days | 121 | 111 | 116 | 133 | 123 | 107 | 166 |
ROCE % | 30% | 22% | 18% | 21% | 28% | 17% |
Documents
Announcements
-
Compliance Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
18 Apr - Submission of Compliance certificate under Regulation 40(9) of SEBI (LODR) Regulations, 2015 for the year ended March 31, 2024.
-
Announcement under Regulation 30 (LODR)-Credit Rating
16 Apr - Regarding Credit Rating assigned by CRISIL Ratings Limited.
-
Compliance Certificate For The Year Ended March 31, 2024
5 Apr - Submission of Compliance Certificate pursuant to Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the year ended March 31, 2024.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Submission of Certificate under Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2024.
- Closure of Trading Window 27 Mar
Diversified Product Portfolio
The Co. has established itself as a premium manufacturer of iron and steel products. [1] Its product basket includes Sponge Iron, MS Billets, HR Strips, MS Tubes & Pipes, and Scaffolding. [2] [3]