Hariom Pipe Industries Ltd

Hariom Pipe Industries Ltd

₹ 516 -0.84%
04 Mar 4:01 p.m.
About

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]

Key Points

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]

  • Market Cap 1,490 Cr.
  • Current Price 516
  • High / Low 740 / 419
  • Stock P/E 26.0
  • 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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
93.61 86.82 105.52 124.17 142.31 127.06 122.85 251.50 240.12 302.15 280.00
81.05 75.58 92.13 107.01 126.30 111.02 104.38 220.15 212.00 266.31 247.40
Operating Profit 12.56 11.24 13.39 17.16 16.01 16.04 18.47 31.35 28.12 35.84 32.60
OPM % 13.42% 12.95% 12.69% 13.82% 11.25% 12.62% 15.03% 12.47% 11.71% 11.86% 11.64%
0.10 0.26 2.39 0.04 0.34 0.18 0.11 0.13 1.11 0.94 2.00
Interest 1.90 1.96 1.99 2.03 1.82 1.95 2.10 4.51 4.29 7.17 11.17
Depreciation 1.54 1.93 2.07 2.05 1.74 1.85 2.43 3.41 5.19 9.38 9.63
Profit before tax 9.22 7.61 11.72 13.12 12.79 12.42 14.05 23.56 19.75 20.23 13.80
Tax % 26.68% 25.36% 20.48% 25.46% 25.41% 25.36% 27.76% 26.78% 21.82% 26.94% 28.84%
6.76 5.68 9.32 9.77 9.54 9.27 10.15 17.25 15.44 14.78 9.81
EPS in Rs 3.99 3.35 5.49 5.76 3.74 3.64 3.98 6.25 5.59 5.35 3.55
Raw PDF

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: 15%
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%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
66.03% 66.03% 66.03% 60.92% 60.91% 60.91% 60.91% 58.28%
2.18% 2.70% 2.11% 2.52% 2.22% 2.81% 2.58% 6.68%
0.43% 0.37% 0.37% 0.18% 0.00% 0.00% 0.00% 0.00%
31.35% 30.90% 31.51% 36.38% 36.86% 36.28% 36.52% 35.05%
No. of Shareholders 38,50833,47132,85630,70335,94537,85039,80639,808

* 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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