Hariom Pipe Industries Ltd

Hariom Pipe Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hariom Pipe Industries Ltd

₹ 392 14.28%
01 Dec - close price
hariompipes.com BSE: 543517 NSE: HARIOMPIPE
About

Incorporated in 2008, Hariom Pipe Industries Ltd is a manufacturer of high-quality steel products[1]

Key Points

Business Overview:[1][2]
HPIL is a vertically integrated steel manufacturer with 800+ SKU’s of Iron & Steel products. It is one of the few players to have an end-to-end Backward Integration process for Hot Charging, from producing raw materials like sponge iron and billets to final products

Website BSE NSE
  • Market Cap ₹ 1,212 Cr.
  • Current Price ₹ 392
  • High / Low ₹ 592 / 301
  • Stock P/E 19.4
  • Book Value ₹ 195
  • Dividend Yield 0.16 %
  • ROCE 14.1 %
  • ROE 11.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 50.7% CAGR over last 5 years

Cons

  • Company has a low return on equity of 14.0% over last 3 years.
  • Promoter holding has decreased over last 3 years: -8.77%

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
127 123 252 240 302 280 331 343 314 300 400 461 336
111 104 220 212 266 247 289 299 272 260 351 403 293
Operating Profit 16 18 31 28 36 33 42 45 42 40 49 58 43
OPM % 13% 15% 12% 12% 12% 12% 13% 13% 13% 13% 12% 12% 13%
0 0 0 1 1 2 1 1 1 0 0 1 1
Interest 2 2 5 4 7 11 10 11 10 12 12 12 13
Depreciation 2 2 3 5 9 10 10 12 12 13 14 14 16
Profit before tax 12 14 24 20 20 14 24 23 22 15 23 32 14
Tax % 25% 28% 27% 22% 27% 29% 29% 23% 27% 27% 26% 27% 27%
9 10 17 15 15 10 17 18 16 11 17 24 10
EPS in Rs 3.64 3.98 6.25 5.59 5.35 3.55 5.81 5.66 5.09 3.63 5.57 7.62 3.36
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
87 105 134 161 254 431 644 1,360 1,604 1,496
80 90 117 137 220 374 562 1,221 1,429 1,308
Operating Profit 7 15 17 23 34 56 82 139 175 189
OPM % 8% 14% 13% 15% 13% 13% 13% 10% 11% 13%
1 0 0 0 1 3 1 5 3 3
Interest 3 3 3 7 8 8 10 33 45 50
Depreciation 2 3 2 5 6 8 9 34 50 57
Profit before tax 2 10 12 11 21 43 63 77 83 85
Tax % 33% 36% 31% 30% 29% 25% 26% 27% 26%
2 6 8 8 15 32 46 57 62 62
EPS in Rs 9.47 5.94 6.21 5.98 8.92 18.83 16.73 19.68 19.93 20.18
Dividend Payout % 0% 0% 10% 0% 0% 0% 0% 3% 3%
Compounded Sales Growth
10 Years: %
5 Years: 58%
3 Years: 55%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 51%
3 Years: 27%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 5%
1 Year: -32%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 2 11 13 13 17 17 28 29 31 31
Reserves 10 9 21 35 54 84 348 435 542 574
29 25 56 68 80 87 297 372 401 418
7 13 14 23 23 27 37 44 223 121
Total Liabilities 47 58 105 140 174 216 709 880 1,197 1,143
12 12 43 50 59 54 135 366 424 473
CWIP 0 1 0 0 8 10 103 13 12 9
Investments 0 0 0 0 0 0 0 0 0 0
36 46 62 90 107 152 471 501 761 661
Total Assets 47 58 105 140 174 216 709 880 1,197 1,143

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 7 6 1 10 4 -101 5 79
-0 -4 -32 -12 -23 -4 -222 -182 -86
-4 -3 30 9 12 -0 426 74 31
Net Cash Flow -0 -0 4 -2 -1 -1 104 -102 24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 23 36 29 52 28 23 49 33 46
Inventory Days 165 196 169 251 174 150 172 124 156
Days Payable 28 31 21 63 9 14 13 8 68
Cash Conversion Cycle 161 201 177 240 193 159 207 149 134
Working Capital Days 121 58 65 59 57 62 69 44 42
ROCE % 30% 22% 18% 21% 28% 17% 15% 14%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
66.03% 60.92% 60.91% 60.91% 60.91% 58.28% 57.16% 57.15% 57.27% 57.27% 57.27% 57.27%
2.11% 2.52% 2.22% 2.81% 2.58% 6.51% 10.10% 9.55% 9.40% 9.49% 9.59% 9.53%
0.37% 0.18% 0.00% 0.00% 0.00% 0.00% 0.16% 0.38% 0.05% 0.23% 0.22% 0.16%
31.51% 36.38% 36.86% 36.28% 36.52% 35.21% 32.59% 32.93% 33.30% 33.02% 32.93% 33.06%
No. of Shareholders 32,85630,70335,94537,85039,80643,56344,37345,72049,73354,05656,88557,910

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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