Hariom Pipe Industries Ltd
Incorporated in 2008, Hariom Pipe Industries Ltd is a manufacturer of high-quality steel products[1]
- Market Cap ₹ 1,212 Cr.
- Current Price ₹ 392
- High / Low ₹ 592 / 301
- Stock P/E 19.4
- Book Value ₹ 195
- Dividend Yield 0.16 %
- 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 | TTM | |
|---|---|---|---|
| 1,360 | 1,604 | 1,496 | |
| 1,221 | 1,429 | 1,308 | |
| Operating Profit | 139 | 175 | 189 |
| OPM % | 10% | 11% | 13% |
| 5 | 3 | 3 | |
| Interest | 33 | 45 | 50 |
| Depreciation | 34 | 50 | 57 |
| Profit before tax | 77 | 83 | 85 |
| Tax % | 27% | 26% | |
| 57 | 62 | 62 | |
| EPS in Rs | 19.68 | 19.93 | 20.18 |
| 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: | 5% |
| 1 Year: | -32% |
| 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% |
Documents
Announcements
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Disclosure Under Regulation 30
22 Nov - HPEPL allotted 1,17,69,244 shares on Nov 20, 2025 for Rs.11,76,92,440; ceased wholly-owned.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Nov - Transcript of Nov 14 call; H1 revenue INR797 crore, volumes 1.38 lakh tonnes; MOU for 1.5 MTPA Gadchiroli plant, incentives noted. Checklist: - Review announcement …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Nov - Audio recording of Nov 14, 2025 investor call on Q2/H1 results uploaded.
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Announcement under Regulation 30 (LODR)-Investor Presentation
13 Nov - Investor Presentation on Unaudited Financial Results for the quarter and half year ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Newspaper publication of Unaudited Financial Results (Standalone & Consolidate) for the quarter and half year ended on September 30, 2025.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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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