Hariom Pipe Industries Ltd

Hariom Pipe Industries Ltd

₹ 408 7.45%
12 Jun - close price
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

  • Market Cap 1,264 Cr.
  • Current Price 408
  • High / Low 572 / 268
  • Stock P/E 16.7
  • Book Value 209
  • Dividend Yield 0.15 %
  • ROCE 15.8 %
  • ROE 12.4 %
  • Face Value 10.0

Pros

Cons

  • Company has a low return on equity of 12.5% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.66%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
252 240 302 280 331 343 314 300 400 461 336 363 507
220 212 266 247 289 299 272 260 351 403 293 318 443
Operating Profit 31 28 36 33 42 45 42 40 49 58 43 45 64
OPM % 12% 12% 12% 12% 13% 13% 13% 13% 12% 12% 13% 12% 13%
0 1 1 2 1 1 1 0 0 1 1 1 9
Interest 5 4 7 11 10 11 10 12 12 12 13 14 14
Depreciation 3 5 9 10 10 12 12 13 14 14 16 18 17
Profit before tax 24 20 20 14 24 23 22 15 23 32 14 16 42
Tax % 27% 22% 27% 29% 29% 23% 27% 27% 26% 27% 27% 25% 28%
17 15 15 10 17 18 16 11 17 24 10 12 30
EPS in Rs 6.25 5.59 5.35 3.55 5.81 5.66 5.09 3.63 5.57 7.62 3.36 3.75 9.75
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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 Mar 2026
87 105 134 161 254 431 644 1,360 1,604 1,667
80 90 117 137 220 374 562 1,221 1,429 1,458
Operating Profit 7 15 17 23 34 56 82 139 175 209
OPM % 8% 14% 13% 15% 13% 13% 13% 10% 11% 13%
1 0 0 0 1 3 1 5 3 13
Interest 3 3 3 7 8 8 10 33 45 54
Depreciation 2 3 2 5 6 8 9 34 50 65
Profit before tax 2 10 12 11 21 43 63 77 83 104
Tax % 33% 36% 31% 30% 29% 25% 26% 27% 26% 27%
2 6 8 8 15 32 46 57 62 76
EPS in Rs 9.47 5.94 6.21 5.98 8.92 18.83 16.73 19.68 19.93 24.49
Dividend Payout % 0% 0% 10% 0% 0% 0% 0% 3% 3% 3%
Compounded Sales Growth
10 Years: %
5 Years: 46%
3 Years: 37%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 38%
3 Years: 18%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -16%
1 Year: 2%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 13%
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 Mar 2026
Equity Capital 2 11 13 13 17 17 28 29 31 31
Reserves 10 9 21 35 54 84 348 435 542 616
29 25 56 68 80 87 297 372 401 369
7 13 14 23 23 27 37 44 223 167
Total Liabilities 47 58 105 140 174 216 709 880 1,197 1,182
12 12 43 50 59 54 135 366 424 479
CWIP 0 1 0 0 8 10 103 13 12 15
Investments 0 0 0 0 0 0 0 0 0 9
36 46 62 90 107 152 471 501 761 680
Total Assets 47 58 105 140 174 216 709 880 1,197 1,182

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 Mar 2026
4 7 6 1 10 4 -101 5 79 192
-0 -4 -32 -12 -23 -4 -222 -182 -86 -110
-4 -3 30 9 12 -0 426 74 31 -107
Net Cash Flow -0 -0 4 -2 -1 -1 104 -102 24 -26
Free Cash Flow 3 3 -26 -11 -13 -1 -323 -136 -25 73
CFO/OP 60% 68% 51% 10% 42% 19% -101% 17% 53% 103%

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 Mar 2026
Debtor Days 23 36 29 52 28 23 49 33 46 41
Inventory Days 165 196 169 251 174 150 172 124 156 113
Days Payable 28 31 21 63 9 14 13 8 68 31
Cash Conversion Cycle 161 201 177 240 193 159 207 149 134 123
Working Capital Days 121 58 65 59 57 62 69 44 42 56
ROCE % 30% 22% 18% 21% 28% 17% 15% 14% 16%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Installed Capacity (Finished Goods)
MTPA

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Total Sales Volume
MT
Value Added Product Sales Volume
MT
Number of Dealers and B2B Clients
Number
Overall Capacity Utilization
%
Number of SKUs
Number
Share of Sales through Dealer Network
%
Market Share in 0.3-2.5 mm Thin Steel Segment (India)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
60.91% 60.91% 60.91% 58.28% 57.16% 57.15% 57.27% 57.27% 57.27% 57.27% 57.27% 57.27%
2.22% 2.81% 2.58% 6.51% 10.10% 9.55% 9.40% 9.49% 9.59% 9.53% 9.23% 9.50%
0.00% 0.00% 0.00% 0.00% 0.16% 0.38% 0.05% 0.23% 0.22% 0.16% 0.05% 0.06%
36.86% 36.28% 36.52% 35.21% 32.59% 32.93% 33.30% 33.02% 32.93% 33.06% 33.46% 33.19%
No. of Shareholders 35,94537,85039,80643,56344,37345,72049,73354,05656,88557,91057,62753,763

* 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.

Documents

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