What the business is, and whether it's a good one at a fair price.
Manufactures steel pipes, with value-added products making up 96-98% of revenue. Sales go through a dealer network and a B2B/OEM channel that has grown to 20% of Q4 FY26 revenue from 15% earlier. FY26 sales volume was 2.89 lakh metric tonnes and FY27 volume is guided at 3,50,000-3,60,000 tonnes. Backward integration currently covers 40% of input needs, with plans to expand to around 80% subject to environmental clearance. The company is moving into renewable energy: subsidiary Hariom Power and Energy is executing a 60 MW AC solar project (38 MW under construction, 10 MW starting next month, 5 MW AC already commissioned at Hingoli, Maharashtra and exporting to the MSEDCL grid at a tariff of INR 3.21/unit), and a Metal Mart subsidiary has been set up for metal and steel trading. Steel coils and other materials account for 75.5% of revenue, making raw material costs the dominant expense. Operating units include a plant at Perundurai in Tamil Nadu, which was temporarily shut by the state pollution board before the closure order was suspended.
Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from HARIOM PIPE INDUSTRIES L's filed financials and exchange disclosures
HARIOM PIPE INDUSTRIES L is a Industrial Products company listed on NSE and BSE, trading under the symbol HARIOMPIPE.
Yes. Over the trailing twelve months HARIOM PIPE INDUSTRIES L reported a net profit of ₹69 Cr on revenue of ₹1,635 Cr.
Yes. The dividend yield is 0.17% at the current price. It paid out 3% of its profit as dividend in FY26.
No. Debt stands at 0.62× equity, and it carries net debt of ₹401 Cr. That is lower than 15% of its 114 Iron & Steel Products peers.
On trailing P/E, HARIOM PIPE INDUSTRIES L ranks 60 of 118 in Iron & Steel Products — cheaper than 50% of them, against an industry median of 16.2×. This is a position, not a valuation judgement.
On a typical session HARIOM PIPE INDUSTRIES L moves 1.58% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by HARIOM PIPE INDUSTRIES L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
