Hariom Pipe Industries Ltd
Incorporated in 2008, Hariom Pipe Industries Ltd is a manufacturer of high-quality steel products[1]
- Market Cap ₹ 1,162 Cr.
- Current Price ₹ 375
- High / Low ₹ 889 / 301
- Stock P/E 18.8
- Book Value ₹ 185
- Dividend Yield 0.16 %
- ROCE 14.1 %
- ROE 11.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 50.8% CAGR over last 5 years
Cons
* 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
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|
87 | 105 | 134 | 161 | 254 | 431 | 644 | 1,153 | 1,357 | |
80 | 90 | 117 | 137 | 220 | 374 | 562 | 1,015 | 1,182 | |
Operating Profit | 7 | 15 | 17 | 23 | 34 | 56 | 82 | 139 | 175 |
OPM % | 8% | 14% | 13% | 15% | 13% | 13% | 13% | 12% | 13% |
1 | 0 | 0 | 0 | 1 | 3 | 1 | 5 | 3 | |
Interest | 3 | 3 | 3 | 7 | 8 | 8 | 10 | 33 | 45 |
Depreciation | 2 | 3 | 2 | 5 | 6 | 8 | 9 | 34 | 50 |
Profit before tax | 2 | 10 | 12 | 11 | 21 | 43 | 63 | 77 | 83 |
Tax % | 33% | 36% | 31% | 30% | 29% | 25% | 26% | 27% | 26% |
2 | 6 | 8 | 8 | 15 | 32 | 46 | 57 | 62 | |
EPS in Rs | 9.47 | 5.94 | 6.21 | 5.98 | 8.92 | 18.83 | 16.73 | 19.68 | 19.93 |
Dividend Payout % | 0% | 0% | 10% | 0% | 0% | 0% | 0% | 3% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 53% |
3 Years: | 47% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 51% |
3 Years: | 27% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
1 Year: | -33% |
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 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 11 | 13 | 13 | 17 | 17 | 28 | 29 | 31 |
Reserves | 10 | 9 | 21 | 35 | 54 | 84 | 348 | 435 | 542 |
29 | 25 | 56 | 68 | 80 | 87 | 297 | 372 | 401 | |
7 | 13 | 14 | 23 | 23 | 27 | 37 | 44 | 223 | |
Total Liabilities | 47 | 58 | 105 | 140 | 174 | 216 | 709 | 880 | 1,197 |
12 | 12 | 43 | 50 | 59 | 54 | 135 | 366 | 424 | |
CWIP | 0 | 1 | 0 | 0 | 8 | 10 | 103 | 13 | 12 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
36 | 46 | 62 | 90 | 107 | 152 | 471 | 501 | 761 | |
Total Assets | 47 | 58 | 105 | 140 | 174 | 216 | 709 | 880 | 1,197 |
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 | 39 | 54 |
Inventory Days | 165 | 196 | 169 | 251 | 174 | 150 | 172 | 124 | 149 |
Days Payable | 28 | 31 | 21 | 63 | 9 | 14 | 13 | 8 | 65 |
Cash Conversion Cycle | 161 | 201 | 177 | 240 | 193 | 159 | 207 | 155 | 138 |
Working Capital Days | 121 | 111 | 116 | 133 | 123 | 107 | 166 | 131 | 132 |
ROCE % | 30% | 22% | 18% | 21% | 28% | 17% | 15% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 May - Hariom Pipe reports 23% volume growth, 27% EBITDA rise, and plans 60 MW solar project under PM-KUSUM scheme.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 May - Newspaper Publication of Audited Financial results for the quarter and year ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10 May - Audio recording of Q4 and FY25 earnings call uploaded on company website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
10 May - Investor Presentation on Audited Financial Results for the Quarter and Year ended March 31, 2025.
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Statement Of Deviation(S) Or Variation(S) In Utilisation Of Funds Raised Through Preferential Issue.
9 May - No deviation in utilization of preferential issue funds for quarter ended March 31, 2025.
Annual reports
Concalls
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May 2025Transcript PPT REC
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Mar 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Sep 2023TranscriptNotesPPT
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 end to end Backward Integration process for Hot Charging, from producing raw materials like sponge iron and billets to final products