Hariom Pipe Industries Ltd
Incorporated in 2008, Hariom Pipe Industries Ltd is a manufacturer of high-quality steel products[1]
- Market Cap ₹ 1,382 Cr.
 - Current Price ₹ 446
 - High / Low ₹ 670 / 301
 - Stock P/E 20.4
 - Book Value ₹ 185
 - Dividend Yield 0.14 %
 - ROCE 14.1 %
 - ROE 11.9 %
 - Face Value ₹ 10.0
 
Pros
Cons
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 1,360 | 1,604 | |
| 1,221 | 1,429 | |
| Operating Profit | 139 | 175 | 
| OPM % | 10% | 11% | 
| 5 | 3 | |
| Interest | 33 | 45 | 
| Depreciation | 34 | 50 | 
| Profit before tax | 77 | 83 | 
| Tax % | 27% | 26% | 
| 57 | 62 | |
| EPS in Rs | 19.68 | 19.93 | 
| Dividend Payout % | 3% | 3% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | % | 
| TTM: | 18% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | % | 
| TTM: | 8% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 17% | 
| 1 Year: | -22% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | % | 
| Last Year: | 12% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Equity Capital | 29 | 31 | 
| Reserves | 435 | 542 | 
| 372 | 401 | |
| 44 | 223 | |
| Total Liabilities | 880 | 1,197 | 
| 366 | 424 | |
| CWIP | 13 | 12 | 
| Investments | 0 | 0 | 
| 501 | 761 | |
| Total Assets | 880 | 1,197 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 5 | 79 | |
| -182 | -86 | |
| 74 | 31 | |
| Net Cash Flow | -102 | 24 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 33 | 46 | 
| Inventory Days | 124 | 156 | 
| Days Payable | 8 | 68 | 
| Cash Conversion Cycle | 149 | 134 | 
| Working Capital Days | 44 | 42 | 
| ROCE % | 14% | 
Documents
Announcements
- 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            13 Oct - RTA certificate under Reg 74(5) submitted for quarter ended September 30, 2025 (dated Oct 6, 2025).
 - 
        
          Business Update For Q2FY26
          
            1 Oct - Q2FY26 sales 60,150 MT; H1FY26 sales 138,371 MT, 21% YoY growth.
 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1 Oct
 - 
        
          Shareholder Meeting / Postal Ballot-Outcome of AGM
          
            30 Sep - 18th AGM on Sep 30, 2025: adopted FY2024-25 accounts; dividend; director appointments; remuneration revisions; borrowing/charge approvals.
 - 
        
          Closure of Trading Window
          
            26 Sep - Trading window closed Oct 1, 2025 until 48 hours after Q2 (Sept 30, 2025) results declaration.
 
Annual reports
Concalls
- 
      Aug 2025Transcript PPT REC
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      Aug 2025TranscriptNotesPPT
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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 an end-to-end Backward Integration process for Hot Charging, from producing raw materials like sponge iron and billets to final products