Hariom Pipe Industries L

NSE: HARIOMPIPE · Iron & Steel Products · sector

₹308.25NSE close 2026-10-26

Key numbers

Market cap₹955 cr

Price₹308.25

52w high / low₹480 / ₹268

P/E13.9xSector median 15.5x

P/B1.5xSector median 1.7x

Book value₹208.8

Dividend yield0.20%Sector median 0.60%

ROE11.3%Sector median 11.1%

ROCE14.1%Sector median 11.9%

OPM12.3%Sector median 6.7%

Debt / equity0.63xSector median 0.21x

EV/EBITDA6.7xSector median 11.8x

Interest cover2.7x

Current ratio1.68x

Sales growth 3y+37.3%Sector median +2.1%

Profit growth 3y+17.9%Sector median +13.0%

PEG1.37x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹3 cr vs borrowings ₹404 cr (FY26): borrowings are higher by ₹401 cr.
Borrowings rose in each of the last 3 years (₹296 cr → ₹404 cr).
Operating profit covered interest 2.7x in the last 12 months.
Operating cash flow was below net profit in 3 of the last 5 years (FY24, FY23, FY22).
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 19% of net profit in the last 12 months.
Dividend paid in 2 of the last 5 financial years.
Price ₹308.25 on 2026-10-26: -35.8% from the 52-week high, +15.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹792.25 · low ₹274.40

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	314	300	400	461	336	363	507	429
EBITDA	42	40	49	58	43	45	64	50
OPM %	13.5%	13.2%	12.2%	12.5%	12.7%	12.5%	12.6%	11.6%
Other income	1	0	0	1	1	1	9	1
Net profit	16	11	17	24	10	12	30	17
EPS (₹)	5.17	3.68	5.66	7.62	3.36	3.74	9.72	5.36
Revenue YoY					+6.9%	+21.0%	+26.9%	-6.9%
Profit YoY					-33.9%	+3.2%	+74.6%	-29.6%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	431	644	1,153	1,357	1,667	1,635
EBITDA	56	82	139	175	209	202
Net profit	32	46	57	62	76	69
EPS (₹)	18.83	18.30	20.34	20.25	24.45	22.18
Revenue growth		+49.5%	+79.1%	+17.7%	+22.8%	+10.9%
Profit growth		+44.6%	+22.9%	+8.7%	+22.6%	+1.3%
Dividend / share (₹)	–	–	–	0.60	0.61

Compounded growth	3 years	5 years	Last 12 months
Sales	+37.3%	–	+10.9%
Net profit	+17.9%	–	+1.3%
EPS	+10.1%	–	–
Share price	–	-28.1% (2y)	-33.5%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	375	464	573	647
Borrowings	–	296	371	400	404
Cash & equivalents	–	105	32	51	3
Total assets	–	709	880	1,197	1,220
Fixed assets	–	134	366	424	483
Capital work in progress	–	103	13	12	16
Investments	–	0	0	0	0
Receivables	–	86	122	202	189
Inventory	–	212	297	427	405
Payables	–	16	19	186	112

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	4	-101	5	79	192
Cash from investing	-4	-222	-182	-86	-141
Cash from financing	-0	426	74	31	-75
Capex	3	222	141	104	160
Free cash flow	1	-323	-136	-26	32

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	12.3%	12.2%	10.8%	11.7%
ROCE %	–	10.9%	13.2%	13.2%	15.0%
Debtor days	–	49	39	54	41
Inventory days	–	167	122	149	113
Payable days	–	13	8	65	31
Cash conversion cycle (days)	–	203	153	138	123
Working capital days	–	129	62	63	57

Shareholding

Holder	% (2026-09-30)
Promoters	57.26%
FIIs	10.39%
DIIs	0.10%
Public (non-institutions)	32.25%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	57.26%	57.26%	57.26%	57.26%	57.26%	57.26%	57.26%	57.26%

Promoter group	%
Rupesh Kumar Gupta	14.45%
Sailesh Gupta	10.39%
RUPESH KUMAR GUPTA (Beneficial Owner in Ultra Pipes Partnership Firm)	7.53%
Rakesh Kumar Gupta	6.43%
Ansh Commerce Private Limited	6.40%
Sunita Gupta	3.47%
Parul Gupta	2.93%
Isha Gupta	2.08%
Rakesh Kumar HUF (Rakesh Kumar Gupta-karta)	1.36%
Ansh Golas	0.47%
Rupesh Kumar HUF (Rupesh Kumar Gupta-karta)	0.32%
Yuvika Gupta	0.32%
Lakshit Gupta	0.32%
Anushka Golas	0.32%
Anvesha Gupta	0.32%

Public holders above 1%	%
Malabar India Fund Limited	9.49%
Ajay Upadhyaya	1.00%

53,051 shareholders. Pledged: – of promoter shares.

Peers in Iron & Steel Products

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
WELCORP	₹61,798 cr	26.7x	6.8x	27.8%	19.2%	13.9%	+19.8%	0.21%
APLAPOLLO	₹57,703 cr	46.9x	10.9x	25.9%	30.1%	8.0%	+12.6%	0.28%
SHYAMMETL	₹31,351 cr	28.0x	2.7x	7.8%	14.2%	12.9%	+13.7%	0.36%
RATNAMANI	₹16,345 cr	37.8x	4.0x	11.2%	15.7%	16.7%	+0.1%	0.60%
JINDALSAW	₹14,824 cr	26.9x	1.2x	4.4%	7.2%	9.5%	+0.1%	0.86%
USHAMART	₹14,192 cr	27.9x	4.3x	16.8%	20.1%	19.6%	+4.1%	0.64%
GALLANTT	₹12,989 cr	31.9x	3.7x	12.4%	14.2%	13.8%	+3.1%	0.08%
GPIL	₹11,769 cr	14.6x	2.0x	15.1%	18.7%	21.4%	-2.2%	0.54%
JAYNECOIND	₹8,607 cr	12.5x	2.6x	23.4%	25.6%	18.9%	+4.0%	–
HARIOMPIPE	₹955 cr	13.9x	1.5x	11.3%	14.1%	12.3%	+37.3%	0.20%

All 118 companies in Iron & Steel Products →

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-23	Dividend	Dividend - Re 0.75 Per Share
2025-09-23	Dividend	Dividend - Re 0.61 Per Share
2024-09-13	Dividend	Dividend - Re 0.60 Per Share

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Manufacturing and sale of steel pipes, tubes, and coils


Sector	Industrials
Industry	Iron & Steel Products
Sub-industry	Iron & Steel Products
Symbol	HARIOMPIPE
BSE code	543517
ISIN	INE00EV01017
Face value	₹10.0
Incorporated	2007-06-21
Website	https://www.hariompipes.com
Plants (India / abroad)	5 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.