RedixFi
Pre-openNIFTY24,536.6+2.4%
Market feed live

HARIOMPIPE · Hariom Pipe Industries Ltd · Constr. - Supplies & Fixtures

HARIOMPIPE · Hariom Pipe Industries Ltd · Constr. - Supplies & Fixtures

₹376.5+11.4%

As of 05 Nov close

52-week range

52wk low ₹268.0552wk high ₹463.6

18.8% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

Full signal detail →

Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Revenue (latest Q)

₹429 Cr

Revenue YoY

PAT YoY

-29.7%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

1.7

P/S (TTM)

0.7

Sector P/E

17.3

Dividend yield

+0.2%

CompanyP/EP/BNet marginROED/EDiv. yield
HARIOMPIPE (this stock)18.21.7+4.2%+10.6%0.63+0.2%
Grindwell Norton54.98.3+13.8%+17.2%0.02+1.0%
Carborundum Universal106.55.9+3.9%+5.4%0.11+0.4%
Kajaria Ceramics35.36.2+10.8%+17.8%0.07+1.1%

Promoter

stable

FII

rising 2q

MF

0.08% (-0.11pp)

falling 1q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

canonicalSymboldatebuy quantitybuyer countdeal strengthdeal types present
HARIOMPIPE2026-11-056669083WEAKBULK
HARIOMPIPE2026-07-146464773WEAKBULK
HARIOMPIPE2026-05-211562161STRONGBULK

News timeline

No related news.

Concalls & investor presentations

AI-generated
Investor presentationPositive05 Nov 2026
View source filing →

Key takeaway: The investor presentation for Hariom Pipe Industries Limited (HARIOMPIPE) for Q2 and H1FY27 highlights strong financial performance, with revenue increasing 23.4% year-on-year to ₹983.42 crore and EBITDA growing 17.2% to ₹117.58 crore. Profit after tax rose 34.8% to ₹45.89 crore. Value-added products contributed 98% of H1 revenue, supported by improved sales realisations and higher volumes. The resumption of Perundurai operations in July boosted Q2 sales volumes by 31.8% and improved EBITDA margins to 12.21%. Net worth increased 16.6% to ₹705.41 crore, and the working-capital cycle shortened to 113 days. The company's renewable-energy business has expanded to 15 MW AC capacity, with a target of 52 MW by January 2027. Strategic initiatives include developing high-strength pre-galvanized tubular sections for solar structures and expanding into the thin steel segment, where Hariom holds an estimated 13% market share. The company emphasizes vertical integration, cost efficiency, and sustainability, with initiatives like solar-powered manufacturing and recycled steel usage. The presentation also outlines a strong dealer network, extensive product range, and a focus on high-margin products.

The presentation emphasizes strong financial growth, operational improvements, and strategic advancements in renewable energy and product innovation.

Sourced from an exchange-filed presentation, dated 05 Nov 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive14 Aug 2026
View source filing →

Key takeaway: The investor presentation by Hariom Pipe Industries Limited detailed the company's unaudited financial results for the quarter ended June 30, 2026. Management reported a revenue from operations of ₹429.2 crore, with a sales volume of 63,084 MT and an average selling price (ASP) increase of 15.4% year-over-year to ₹68,034/MT. EBITDA was reported at ₹49.9 crore, reflecting a 7.5% YoY increase in EBITDA per MT to ₹7,914. The company emphasized the strong contribution of High-Value Products, which accounted for approximately 98% of sales value. Management highlighted the successful commissioning of a 5 MW solar project in Maharashtra and outlined ongoing growth initiatives, including a focus on volume growth and margin protection. The presentation also noted improvements in working capital efficiency and a strengthened net worth of ₹664 crore.

Management highlighted strong financial performance and growth initiatives.

Sourced from an exchange-filed presentation, dated 14 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptNeutral28 May 2026
View source filing →

Key takeaway: The earnings conference call of Hariom Pipe Industries Limited, held on May 23, 2026, focused on the company's financial and operational performance for the fiscal year ending March 31, 2026. Management reported a revenue growth of 23% year-on-year, reaching INR 1,667 crores, with a full-year EBITDA of INR 209 crores, reflecting a 19% increase. The EBITDA margin remained stable at 12.56%. The company emphasized its strategy of prioritizing profitable growth over volume growth, with a focus on cash generation and working capital management. Management highlighted the successful contribution of the galvanized product segment and ongoing efforts to expand market reach in southern and western India. The call also addressed the status of the solar power project and the impact of the Tamil Nadu plant closure, confirming no significant revenue loss during the closure period. Management expressed confidence in maintaining operational efficiency and financial discipline moving forward.

The management provided a balanced overview of performance and strategic focus without emphasizing significant growth or challenges.

Sourced from an exchange-filed transcript, dated 28 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive23 May 2026
View source filing →

Key takeaway: The investor presentation from Hariom Pipe Industries Limited, dated May 23, 2026, outlines the company's audited financial results for the quarter and year ended March 31, 2026. Key highlights include a 27% year-over-year increase in revenue to ₹1,667 crore and a 75% rise in profit after tax (PAT) to ₹30.2 crore for Q4FY26. The presentation emphasizes the company's focus on value-added products, which constituted 96% of total sales volume. Financial performance metrics show EBITDA growth of 19% year-over-year to ₹209.4 crore, with a stable EBITDA margin of 12.56%. The company reported improved operating cash flow of ₹192 crore, reflecting a 92% EBITDA to cash conversion rate. Additionally, the presentation discusses strategic advancements in renewable energy solutions and the establishment of a subsidiary for solar projects. The document also highlights the company's commitment to sustainability and operational efficiency.

Management highlighted strong financial performance and strategic initiatives.

Sourced from an exchange-filed presentation, dated 23 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive18 Mar 2026
View source filing →

Key takeaway: The investor presentation from Hariom Pipe Industries Limited, dated March 18, 2026, outlines the company's participation in the 'Kaptify Korporate Konnect' event. The document provides an overview of the company's operations, highlighting its status as a vertically integrated steel manufacturer with a total installed capacity of 785,232 MTPA. Management reported a strong dealer network with over 900 dealers and a significant presence in Southern and Western India. The presentation emphasized the company's commitment to sustainability, including a 60 MW solar power project and the use of recycled materials in production. Financial performance metrics were also shared, indicating growth in revenue and EBITDA. The document concluded with a focus on new initiatives, including the launch of Metal Mart Private Limited, aimed at expanding market reach and product offerings.

Management highlighted growth opportunities and sustainability initiatives.

Sourced from an exchange-filed presentation, dated 18 Mar 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive12 Feb 2026
View source filing →

Key takeaway: During the earnings call held on February 9, 2026, management reported that Hariom Pipe Industries Limited achieved a sales volume of approximately 2.07 lakh tons for the nine months ended December 31, 2025, reflecting a 21% year-on-year growth. Revenue from operations was INR 1,159.7 crores, also up 21% year-on-year. EBITDA for the period was INR 145.5 crores, with a margin of 12.55%. Management noted that the galvanized pipes and coils segment remained the primary contributor to performance, with stable operations across units. The company is progressing on its 60 megawatt solar project, with plans for partial operations by April 2026. Management highlighted a focus on value-added products and disciplined execution, expressing confidence in closing the financial year positively. The discussion included insights on market conditions, pricing, and the impact of anti-dumping duties on profitability.

Management emphasized stable performance and growth despite market fluctuations.

Sourced from an exchange-filed transcript, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive09 Feb 2026
View source filing →

Key takeaway: The investor presentation by Hariom Pipe Industries Limited detailed the company's unaudited financial results for the quarter and nine months ended December 31, 2025. Management reported a 20% year-over-year increase in volumes for the quarter, reaching 68,404 MT, and a 21% increase for the nine months, totaling 206,775 MT. Revenue also saw significant growth, with a 21% year-over-year rise to ₹362.9 crore for the quarter and ₹1,159.7 crore for the nine months, marking the highest revenue figures to date. EBITDA increased by 14% year-over-year to ₹45.2 crore for the quarter and by 15% to ₹145.5 crore for the nine months, attributed to improved scale and cost controls. The presentation emphasized that 95% of total sales volume came from value-added products, highlighting the company's focus on higher-margin segments. Additionally, strategic advancements in renewable energy solutions were noted, including partnerships for innovative products in the solar sector.

Management highlighted strong growth in volumes and revenue, reflecting a positive performance.

Sourced from an exchange-filed presentation, dated 09 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26289 pages

Hariom Pipe Industries Limited (HPIL) reported FY2025-26 as a year of steady growth, improved financial resilience, and strategic expansion in its value-added product portfolio. The company emphasized its integrated manufacturing platform, strong market presence in Southern and Western India, and focus on sustainability through initiatives like the True Green Initiative. HPIL highlighted its capacity expansion, operational efficiency, and alignment with India's infrastructure and industrial growth, supported by government policies and increasing demand for corrosion-resistant and high-strength steel products.

  • Expansion of value-added product capabilities and manufacturing flexibility to meet demand for corrosion-resistant products
  • Strengthening market presence through a well-established dealer network in Southern and Western India
  • Commitment to sustainability through resource efficiency, circular economy practices, and cleaner production processes
  • Strategic capacity expansion and backward integration to enhance production capabilities and cost competitiveness
  • Focus on infrastructure-led growth aligned with government initiatives like PM Gati Shakti and National Infrastructure Pipeline

Key takeaway: Hariom Pipe Industries Limited is positioning itself for long-term growth through strategic capacity expansion, a focus on value-added products, and sustainability initiatives, while leveraging India's infrastructure and industrial development momentum.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 11 Sept 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Default / Covenant Breach (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Default / Covenant Breach

1 occurrence

Earlier (1-3 years ago)

Annual Report31 Aug 2024 (FY2023-24)
View source filing →

The company has outstanding statutory dues under the Employee’s State Insurance Act for February and March 2020, with a due date of May 15, but no payment date recorded, attributed to technical problems at the ESI Department.

Routine disclosures

Contingent Liability

3 occurrences

Recent (last 12 months)

Annual Report11 Sept 2026 (FY2025-26)· 7 passages
View source filing →

The company provided a performance guarantee of 300 lakhs for its subsidiary, Hariom Power and Energy Private Limited during the year.

Earlier (1-3 years ago)

Annual Report06 Sept 2025 (FY2024-25)· 4 passages
View source filing →

The company has a contingent liability of Rs.35.05 Lakhs related to disputed tax demands, which was decided in the company's favor by ITAT on October 5, 2016, but the appellate order effect is pending as at the year end.

Annual Report31 Aug 2024 (FY2023-24)· 3 passages
View source filing →

The company has a contingent liability of Rs.35.05 Lakhs related to disputed tax demands, with an appellate order pending as of the year end.

Related-Party Transaction

3 occurrences

Recent (last 12 months)

Annual Report11 Sept 2026 (FY2025-26)· 2 passages
View source filing →

The company approved a material related party transaction with Hariom Power and Energy Private Limited, a subsidiary, through an ordinary resolution passed on April 07, 2026.

Earlier (1-3 years ago)

Annual Report06 Sept 2025 (FY2024-25)· 4 passages
View source filing →

The company has entered into related-party transactions involving rent payments to Mr. Rupesh Kumar Gupta and Mr. Sailesh Gupta, both directors, and a sale of goods to Ultra Pipes, with the latter transaction amounting to Rs. 4,191.70 lakhs.

Annual Report31 Aug 2024 (FY2023-24)
View source filing →

The company paid rent of ₹1,30,000 per month to Mr. Rupesh Kumar Gupta, a related party, as part of expenses. The transaction is at arm’s length and in the ordinary course of business, with approvals from the Audit Committee.

Statutory dues in dispute

1 occurrence

Recent (last 12 months)

Annual Report11 Sept 2026 (FY2025-26)Disputed tax/statutory dues under appeal, not a loan default
View source filing →

The company has outstanding statutory dues under the Employee’s State Insurance Act, 1948 for February and March 2020, amounting to 142 lakhs, due by May 15, 2020, but not accepted by the ESI Department due to technical problems. Additionally, there is an income tax dispute with an outstanding amount of 35.05 lakhs (net of payment) as of the report date.

Management & Board Governance

1 occurrence

Earlier (1-3 years ago)

Annual Report31 Aug 2024 (FY2023-24)
View source filing →

Shanti Sree Bolleni resigned as an Independent Director with effect from October 15, 2022. Chirag Partani resigned as Company Secretary & Compliance Officer with effect from October 10, 2023. Rekha Singh was appointed as Company Secretary & Compliance Officer with effect from October 10, 2023.

Open full Signal Dashboard →