Hariom Pipe Industries
- Market cap
- ₹ 934 Cr.
- P/E
- 13.5x
- P/B
- 1.46x
- 52-week range
- 268.05 – 466.6
- ROE
- 12%
- ROCE
- 16%
- Dividend yield
- 0.3%
- Debt / equity
- 0.63
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Hariom Pipe Industries Limited is an India-based manufacturer of steel pipes and tubes. The Company's products range from mild steel (MS) billets, galvanized pipe (GP), galvanized iron (GI) pipes and tubes, hot rolled (HR) coils, cold rolled (CR) coils, pre-galvanized coils and scaffolding systems, catering to infrastructure and industrial applications across multiple sectors. Its brands include Hariom, Veer, Dura Edge, Zincon, 360 Prime, Build Master and Billets. It specializes in steel pipes and tubes, ranging from 20X20 millimeters (mm) to 150X150 mm in outer diameter and 1.2 mm to 6 mm in thickness. Its scaffolding system products include telescopic props/adjustable props/jacks, H frame systems and cup locks. The Company has three manufacturing facilities in Telangana, Andhra Pradesh, and Tamil Nadu. The cumulative capacity of the Company is around 701,323 metric tons per annum (MTPA), including 437,000 MTPA for value-added products. It mainly caters to the South Indian market.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Hariom Pipe Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)13.5 against a typical 18.6: cheaper than most peers (1st = cheapest).52nd of 146
- Sales growth−6.9% against a typical +13.1% from a year earlier.90th of 117
- Profit growth−29.2% against a typical +26.2% from a year earlier.83rd of 105
- Share price, 3 months−17.4% against a typical −3.1%.108th of 135
- Size₹ 934.2 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).37th of 135
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A- by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A- | Stable | 23 Jul 2026 |
| CARE | Withdrawn | — | 25 Aug 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 23 Jul 2026 | Reaffirmed | Crisil A-/Watch Developing → Crisil A- | — | CRISIL | ₹ 860.25 Cr. | |
| 13 Jul 2026 | Reaffirmed | Crisil A-/Watch Developing | — | CRISIL | ₹ 860.25 Cr. | |
| 14 Apr 2026 | Reaffirmed | Crisil A- → Crisil A-/Watch Developing | — | CRISIL | ₹ 860.25 Cr. | |
| 22 Jan 2026 | Rating action | Crisil A- | — | CRISIL | ₹ 829.75 Cr. | |
| 25 Aug 2025 | Withdrawn | — | — | CARE | — |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 22 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 21 May 2026 | Fund Raising | To consider Fund Raising |
| 7 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 12 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 8 Aug 2025 | Financial Results | To consider and approve the Unaudited Financial Results (Standalone and Consolidate) for the quarter ended June 30, 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 302 | 280 | 331 | 343 | 314 | 300 | 400 | 461 | 336 | 363 | 507 | 429 |
| Expenses | 266 | 247 | 289 | 299 | 272 | 260 | 351 | 403 | 293 | 318 | 443 | 379 |
| Operating Profit | 36 | 33 | 42 | 45 | 42 | 40 | 49 | 58 | 43 | 45 | 64 | 50 |
| OPM % | 12% | 12% | 13% | 13% | 13% | 13% | 12% | 12% | 13% | 12% | 13% | 12% |
| Other Income | 1 | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 9 | 2 |
| Interest | 7 | 11 | 10 | 11 | 10 | 12 | 12 | 12 | 13 | 14 | 14 | 13 |
| Depreciation | 9 | 10 | 10 | 12 | 12 | 13 | 14 | 14 | 16 | 18 | 17 | 15 |
| Profit before tax | 20 | 14 | 24 | 23 | 22 | 15 | 23 | 32 | 14 | 16 | 42 | 23 |
| Tax % | 27% | 29% | 29% | 23% | 27% | 27% | 26% | 27% | 27% | 25% | 28% | 25% |
| Net Profit | 15 | 10 | 17 | 18 | 16 | 11 | 17 | 24 | 10 | 12 | 30 | 17 |
| EPS in Rs | 5.35 | 3.55 | 5.81 | 5.66 | 5.09 | 3.63 | 5.57 | 7.62 | 3.36 | 3.75 | 9.75 | 5.61 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 46%
- 3 Years
- 37%
- TTM
- 11%
- 10 Years
- —
- 5 Years
- 38%
- 3 Years
- 18%
- TTM
- 3%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −14%
- TTM
- —
- 10 Years
- 15%
- 5 Years
- 14%
- 3 Years
- 13%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Hariom Pipe Industries | ₹ 315.10 | ₹ 934 Cr. | 13.5x | 1.5x | 12% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- Amitabh Bhattacharya
- Chief Financial Officer
- Rekha Singh
- Compliance Officer, Company Secretary
- Ramavtar Sharma
- Vice President of Sales and Marketing
- Yash Gupta
- Vice President - Sponge Division
- Rupesh Kumar Gupta
- Managing Director
- Ansh Golas
- Executive Director
- Sailesh Gupta
- Whole-Time Director
- Ashish Agarwal
- Marketing Head
Prices are delayed and for information only. Nothing on this page is investment advice.