Hariom Pipe Industries Limited has informed the Exchange about Investor Presentation
HARIOMPIPE · price
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Hariom Pipe Industries filed its investor presentation shared at the 'Kaptify Korporate Konnect' event held on March 18, 2026. The company, a vertically integrated steel pipe manufacturer, highlighted that 9MFY26 revenue grew 21% YoY to ₹1,159.7 Cr, with EBITDA at ₹146 Cr and PAT at ₹54 Cr. However, EBITDA margin slipped to 12.55% from 13.22% in 9MFY25, and EBITDA per ton declined to ₹7,039 from ₹7,391, signaling some margin pressure despite volume growth. Two new strategic moves were showcased: Metal Mart, a distribution platform extending into Western and Northern India beyond the company's current manufacturing base, and the 60 MW solar power project under Hariom Power and Energy (HPEPL), which is on track for Q3 FY26-27 commissioning with ₹194.66 Cr PNB debt funding. Installed capacity has expanded to 785,232 MTPA, up from 701,232 MTPA in FY25, with significant room for further expansion on ~65 acres of available land.
For shareholders, the strong 21% revenue growth and capacity expansion are positives, but the dip in EBITDA margin and per-ton profitability is a yellow flag worth watching. The Metal Mart distribution foray and solar project add long-term optionality but are execution-dependent. The stock could see muted reaction as this is largely a recap of known metrics with no new explicit forward guidance.