Hariom Pipe Industries Ltd
Incorporated in 2008, Hariom Pipe Industries Ltd is a manufacturer of high-quality steel products[1]
- Market Cap ₹ 1,514 Cr.
- Current Price ₹ 489
- High / Low ₹ 889 / 301
- Stock P/E 22.3
- Book Value ₹ 185
- Dividend Yield 0.12 %
- ROCE 14.1 %
- ROE 11.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 50.8% CAGR over last 5 years
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
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
87 | 105 | 134 | 161 | 254 | 431 | 644 | 1,153 | 1,357 | 1,475 | |
80 | 90 | 117 | 137 | 220 | 374 | 562 | 1,015 | 1,182 | 1,286 | |
Operating Profit | 7 | 15 | 17 | 23 | 34 | 56 | 82 | 139 | 175 | 188 |
OPM % | 8% | 14% | 13% | 15% | 13% | 13% | 13% | 12% | 13% | 13% |
1 | 0 | 0 | 0 | 1 | 3 | 1 | 5 | 3 | 3 | |
Interest | 3 | 3 | 3 | 7 | 8 | 8 | 10 | 33 | 45 | 46 |
Depreciation | 2 | 3 | 2 | 5 | 6 | 8 | 9 | 34 | 50 | 53 |
Profit before tax | 2 | 10 | 12 | 11 | 21 | 43 | 63 | 77 | 83 | 93 |
Tax % | 33% | 36% | 31% | 30% | 29% | 25% | 26% | 27% | 26% | |
2 | 6 | 8 | 8 | 15 | 32 | 46 | 57 | 62 | 68 | |
EPS in Rs | 9.47 | 5.94 | 6.21 | 5.98 | 8.92 | 18.83 | 16.73 | 19.68 | 19.93 | 21.91 |
Dividend Payout % | 0% | 0% | 10% | 0% | 0% | 0% | 0% | 3% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 53% |
3 Years: | 47% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 51% |
3 Years: | 27% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 25% |
1 Year: | -28% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 14% |
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 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 11 | 13 | 13 | 17 | 17 | 28 | 29 | 31 |
Reserves | 10 | 9 | 21 | 35 | 54 | 84 | 348 | 435 | 542 |
29 | 25 | 56 | 68 | 80 | 87 | 297 | 372 | 401 | |
7 | 13 | 14 | 23 | 23 | 27 | 37 | 44 | 223 | |
Total Liabilities | 47 | 58 | 105 | 140 | 174 | 216 | 709 | 880 | 1,197 |
12 | 12 | 43 | 50 | 59 | 54 | 135 | 366 | 424 | |
CWIP | 0 | 1 | 0 | 0 | 8 | 10 | 103 | 13 | 12 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
36 | 46 | 62 | 90 | 107 | 152 | 471 | 501 | 761 | |
Total Assets | 47 | 58 | 105 | 140 | 174 | 216 | 709 | 880 | 1,197 |
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 | |
---|---|---|---|---|---|---|---|---|---|
4 | 7 | 6 | 1 | 10 | 4 | -101 | 5 | 79 | |
-0 | -4 | -32 | -12 | -23 | -4 | -222 | -182 | -86 | |
-4 | -3 | 30 | 9 | 12 | -0 | 426 | 74 | 31 | |
Net Cash Flow | -0 | -0 | 4 | -2 | -1 | -1 | 104 | -102 | 24 |
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 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 36 | 29 | 52 | 28 | 23 | 49 | 39 | 54 |
Inventory Days | 165 | 196 | 169 | 251 | 174 | 150 | 172 | 124 | 149 |
Days Payable | 28 | 31 | 21 | 63 | 9 | 14 | 13 | 8 | 65 |
Cash Conversion Cycle | 161 | 201 | 177 | 240 | 193 | 159 | 207 | 155 | 138 |
Working Capital Days | 121 | 58 | 65 | 59 | 57 | 62 | 69 | 52 | 49 |
ROCE % | 30% | 22% | 18% | 21% | 28% | 17% | 15% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Uploaded audio recording of Q1 FY2026 investor conference call on financial results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Aug - Newspaper Publication of Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2025
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Announcement under Regulation 30 (LODR)-Investor Presentation
8 Aug - Investor Presentation on Unaudited Financial Results for the quarter ended June 30, 2025
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Announcement under Regulation 30 (LODR)-Change in Directorate
8 Aug - Q1 FY26 results approved; new executive director appointed; borrowing limit increased to INR 2000 Cr; subsidiary to raise equity.
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Announcement under Regulation 30 (LODR)-Change in Management
8 Aug - Q1 FY26 results approved; new Executive Director appointed; borrowing limit raised to INR 2000 Cr; subsidiary equity raise approved.
Annual reports
Concalls
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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