Hariom Pipe

NSE: HARIOMPIPE · Iron & Steel Products

52W Range₹268 ₹572

Snapshot

Unlock Hariom Pipe's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Hariom Pipe Industries Limited is an Indian manufacturer specialising in iron and steel products, including mild steel billets, pipes, tubes, and hot rolled coils. The company also provides scaffolding systems for diverse industrial applications.

Business Model

The company generates revenue through the manufacturing and sale of steel-based industrial products and infrastructure components. It operates as an integrated player, converting raw materials into finished steel goods for various end-user sectors.

Growth Outlook

Growth is primarily driven by the increasing demand for steel products in infrastructure development and industrial construction projects across India.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of iron ore and coal can significantly impact the company's operating margins.
  • Cyclicality of Steel Industry. The steel sector is highly sensitive to economic cycles, which can lead to periods of reduced demand and pricing pressure.
  • Regulatory and Environmental Compliance. Stricter environmental regulations regarding emissions and waste disposal in the steel manufacturing process may increase operational costs.
  • Intense Market Competition. The company faces stiff competition from both large-scale integrated steel producers and numerous unorganised players in the regional market.

Price

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Key Metrics

P/E

16.4x

Q4 FY26 · consolidated

16.4 vs 18.7x5Y avg

EV/EBITDA

7.4x

Q4 FY26 · consolidated

7.4 vs 11.0x5Y avg

NET PROFIT MARGIN

5.9%

Q4 FY26 · consolidated

+1.6 ppYoY

DEBT TO EQUITY

0.6x

Q4 FY26 · consolidated

-0.07xYoY

Peers · Iron & Steel Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Hariom PipeHARIOMPIPE
97216.427.3913.4%12.8%21.9%-16.5%
Manaksia CoatedMANAKCOAT
1,07928.8515.5413.2%10.4%15.8%24.1%-14.0%
Gandhi Spl. TubeGANDHITUBE
97415.4210.9911.1%49.8%24.6%31.6%+17.7%
Ratnaveer PrecisRATNAVEER
95514.5210.3419.8%11.4%14.4%18.9%+17.0%
Rajputana Stain.RSL
9199.0%
Steel ExchangeSTEELXIND
91052.4314.17-7.3%13.0%3.7%11.1%+10.3%

As of Q4 FY26

Financials