Hariom Pipe Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs. 0.75 per equity share.
HARIOMPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hariom Pipe Industries reported strong FY2026 results with standalone revenue of Rs. 16,669.54 lakh, up 22.8% from Rs. 13,570.49 lakh in FY2025. Net profit grew to Rs. 758.28 lakh versus Rs. 617.26 lakh in the prior year. The Board recommended a final dividend of Rs. 0.75 per equity share (7.5% on Rs. 10 face value), aggregating to Rs. 232.25 lakh, subject to shareholder approval at the ensuing AGM. Additionally, the company reappointed its Statutory Auditors for a second 5-year term and approved a new subsidiary Metal Mart Private Limited (70% stake) for metal trading activities. A caution note was flagged regarding Tamil Nadu Pollution Control Board's temporary closure order for the Perundurai plant under Section 33A of the Water Act.
The dividend recommendation signals confidence in financial performance with ~23% profit growth. However, the pollution control closure notice for the Tamil Nadu plant creates operational uncertainty that investors should monitor closely. The stock may see positive reaction to earnings beat and dividend news.