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 ₹ 1,712 Cr.
- Current Price ₹ 620
- High / Low ₹ 632 / 180
- Stock P/E 44.2
- Book Value ₹ 96.3
- Dividend Yield 0.00 %
- ROCE 28.5 %
- ROE 34.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 80.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.4%
- Debtor days have improved from 34.2 to 22.8 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.11%
* 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 87 | 105 | 134 | 161 | 254 | 431 | 516 | |
| 80 | 90 | 117 | 137 | 220 | 374 | 449 | |
| Operating Profit | 7 | 15 | 17 | 23 | 34 | 56 | 68 |
| OPM % | 8% | 14% | 13% | 15% | 13% | 13% | 13% |
| 1 | 0 | 0 | 0 | 1 | 3 | 1 | |
| Interest | 3 | 3 | 3 | 7 | 8 | 8 | 8 |
| Depreciation | 2 | 3 | 2 | 5 | 6 | 8 | 8 |
| Profit before tax | 2 | 10 | 12 | 11 | 21 | 43 | 52 |
| Tax % | 33% | 36% | 31% | 30% | 29% | 25% | |
| Net Profit | 2 | 6 | 8 | 8 | 15 | 32 | 39 |
| EPS in Rs | 9.47 | 5.94 | 6.21 | 5.98 | 8.92 | 18.83 | 17.12 |
| Dividend Payout % | 0% | 0% | 10% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 48% |
| TTM: | 69% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 81% |
| 3 Years: | 54% |
| TTM: | 102% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 197% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 27% |
| Last Year: | 35% |
Balance Sheet
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|
| 7 | 14 | 19 | 16 | 17 | 18 | 25 | |
| Reserves | 10 | 9 | 21 | 35 | 54 | 84 | 220 |
| 24 | 22 | 50 | 65 | 80 | 86 | 83 | |
| 12 | 17 | 20 | 26 | 23 | 29 | 40 | |
| Total Liabilities | 47 | 58 | 105 | 140 | 174 | 216 | 368 |
| 12 | 12 | 43 | 50 | 59 | 54 | 52 | |
| CWIP | 0 | 1 | 0 | 0 | 8 | 10 | 47 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 36 | 46 | 62 | 90 | 107 | 152 | 269 | |
| Total Assets | 47 | 58 | 105 | 140 | 174 | 216 | 368 |
Cash Flows
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| 4 | 7 | 6 | 1 | 10 | 4 | |
| -0 | -4 | -32 | -12 | -23 | -4 | |
| -4 | -3 | 30 | 9 | 12 | -0 | |
| Net Cash Flow | -0 | -0 | 4 | -2 | -1 | -1 |
Ratios
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| Debtor Days | 23 | 36 | 29 | 52 | 28 | 23 |
| Inventory Days | 165 | 196 | 169 | 251 | 174 | 150 |
| Days Payable | 28 | 31 | 21 | 63 | 9 | 14 |
| Cash Conversion Cycle | 161 | 201 | 177 | 240 | 193 | 159 |
| Working Capital Days | 121 | 111 | 116 | 133 | 123 | 108 |
| ROCE % | 30% | 22% | 18% | 21% | 28% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
23 May - Read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the revised copy of Monitoring Agency …
- Board Meeting Intimation for Considering And Approving The Audited Financial Results For The Quarter And Year Ended March 31, 2023 And To Transact Other Business Matters. 22 May
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
19 May - Read with SEBI Circular No. CIR/CFD/CMD1/27/ 2019 dated 8th February 2019, we hereby submit the Annual Secretarial Compliance Report of the Hariom Pipe Industries Limited …
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 May - Of Listing Regulations, we are enclosing herewith Monitoring Agency Report issued by ICRA Limited, Monitoring Agency, for the quarter ended March 31,2023 in respect of …
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 May - Monitoring Agency Report for the Quarter ended March 31, 2023.
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]