Hariom Pipe Industries Ltd
Incorporated in 2008, Hariom Pipe Industries Ltd is a manufacturer of high-quality steel products[1]
- Market Cap ₹ 1,110 Cr.
- Current Price ₹ 358
- High / Low ₹ 572 / 301
- Stock P/E 17.7
- Book Value ₹ 195
- Dividend Yield 0.17 %
- 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 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 | TTM | |
|---|---|---|---|
| 1,360 | 1,604 | 1,559 | |
| 1,221 | 1,429 | 1,365 | |
| Operating Profit | 139 | 175 | 194 |
| OPM % | 10% | 11% | 12% |
| 5 | 3 | 4 | |
| Interest | 33 | 45 | 51 |
| Depreciation | 34 | 50 | 62 |
| Profit before tax | 77 | 83 | 86 |
| Tax % | 27% | 26% | |
| 57 | 62 | 63 | |
| EPS in Rs | 19.68 | 19.93 | 20.29 |
| Dividend Payout % | 3% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -7% |
| 1 Year: | 5% |
| 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 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 29 | 31 | 31 |
| Reserves | 435 | 542 | 574 |
| 372 | 401 | 418 | |
| 44 | 223 | 121 | |
| Total Liabilities | 880 | 1,197 | 1,143 |
| 366 | 424 | 473 | |
| CWIP | 13 | 12 | 9 |
| Investments | 0 | 0 | 0 |
| 501 | 761 | 661 | |
| Total Assets | 880 | 1,197 | 1,143 |
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% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Total Installed Capacity (Finished Goods) MTPA ・Standalone data |
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| Total Sales Volume MT ・Standalone data |
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| Value Added Product Sales Volume MT ・Standalone data |
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| Number of Dealers and B2B Clients Number ・Standalone data |
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| Overall Capacity Utilization % ・Standalone data |
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| Number of SKUs Number ・Standalone data |
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| Share of Sales through Dealer Network % ・Standalone data |
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| Market Share in 0.3-2.5 mm Thin Steel Segment (India) % ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Re-appointment of Rajender Gankidi effective May 15, 2026; Section 186 limit hike; material RPTs; postal ballot cutoff Feb 27, 2026.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On March 02, 2026
1d - Re-appointment of independent director effective May 15, 2026; board approved Section 186 limit increase, material RPTs; postal ballot.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Feb - Management to participate in Arihant Bharat Connect Rising Stars virtual conference on March 11, 2026, 2:00–3:00 PM.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Feb - Transcript of Investors Conference Call held on February 09, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 Feb - Audio recording of Feb 09, 2026 investor call on unaudited Q3/nine-months ended Dec 31, 2025 uploaded.
Annual reports
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
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Mar 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT REC
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Sep 2023TranscriptAI SummaryPPT
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