Hariom Pipe Industries Limited

BSE: HARIOMPIPE543517ISIN INE00EV01017

Industrials
Iron & Steel Products
BSE Industrials

Share price

₹338.75+11.20 (+3.42%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹448.85
52W low: ₹268.25
Off 52W high: -24.53%
1M return: +4.28%
3M return: -16.35%
6M return: +6.26%
1Y return: -24.23%
20D avg volume: 7,411
50 DMA: ₹340.00
200 DMA: ₹359.93

Key ratios Consolidated

Market cap: ₹1,049 Cr
Current price: ₹338.75
52W high / low: ₹448.85 / ₹268.25
Face value: ₹10.00
P/E: 15.27
P/B: 1.62
EPS (TTM): ₹22.19
Book value / share: ₹208.78
ROE: —
ROCE: 18.80%
Operating margin: —
Net margin: —
Debt / equity: 0.62
Net debt: ₹401.20 Cr
Interest cover: 2.94
Dividend yield: 0.22%
Dividend / share (TTM): ₹0.75
Payout: 3.38%
Cash conversion cycle: 105.5 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	429.18	507.27	362.85	335.87	460.96	399.70	—
	1.36	9.38	1.50	0.90	1.39	0.45	—
	430.54	516.65	364.35	336.77	462.35	400.15	—
	408.14	474.95	348.79	322.48	430.15	376.69	—
	253.36	391.50	229.26	259.71	378.86	348.20	—
	51.92	22.58	10.69	5.45	10.83	1.23	—
	14.95	15.16	15.14	13.60	13.53	13.67	—
	13.42	14.32	13.52	13.27	12.43	12.23	—
	15.43	17.23	17.65	16.06	14.33	13.61	—
	24.65	27.61	24.85	22.31	23.29	22.62	—
	22.41	41.70	15.56	14.29	32.20	23.45	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	22.41	41.70	15.56	14.29	32.20	23.45	—
	5.81	11.60	3.97	3.88	8.60	6.21	—
	16.60	30.10	11.59	10.41	23.60	17.24	—
	5.36	9.72	3.74	3.36	7.62	5.66	—
Key metrics
	51.26	73.25	46.73	43.62	58.96	49.29	—
	11.90%	14.40%	12.90%	13.00%	12.80%	12.30%	—
	3.90%	5.90%	3.20%	3.10%	5.10%	4.30%	—
	—	6.70%	—	3.80%	—	5.30%	—
	-6.90%	26.90%	—	—	—	—	—
	-29.70%	74.60%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,635	1,667	1,357	—
	13.14	13.16	2.90	—
	1,648	1,680	1,360	—
	1,554	1,576	1,277	—
	1,134	1,259	1,107	—
	90.64	49.55	9.78	—
	58.85	57.43	50.40	—
	54.53	53.55	44.91	—
	66.37	65.26	50.31	—
	99.42	98.06	83.61	—
	93.96	103.74	83.10	—
	0.00	0.00	0.00	—
	93.96	103.74	83.10	—
	25.26	28.04	21.38	—
	68.70	75.71	61.73	—
	22.18	24.45	20.25	—
Key metrics
	214.86	222.55	178.32	—
	13.14%	13.40%	13.10%	—
	4.20%	4.50%	4.50%	—
	—	18.80%	18.90%	—
	—	22.80%	—	—
	—	22.60%	—	—
	—	32.59	-25.72	—
	—	2.54	1.27	—
	—	0.62	0.70	—
	—	401.20	374.32	—
	—	105.5	119.2	—
Balance sheet
	—	1,220	1,197	—
	—	644.81	752.67	—
	—	2.89	26.01	—
	—	189.07	202.49	—
	—	404.58	426.70	—
	—	39.48	71.94	—
	—	483.20	423.74	—
	—	111.80	186.39	—
	—	384.88	518.85	—
	—	404.09	400.33	—
	—	233.15	307.03	—
	—	170.94	93.30	—
	—	649.23	572.67	—
Cash flow
	—	192.06	78.63	—
	—	-140.52	-85.72	—
	—	-74.66	31.32	—
	—	159.47	104.35	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	429.18	507.27	362.85	335.87	460.96	399.70	299.88	314.28	343.18	330.92	280.00	302.15
	2.05	9.41	1.50	0.90	1.39	0.45	0.48	0.94	1.02	1.15	2.00	0.94
	431.23	516.68	364.35	336.77	462.35	400.15	300.37	315.23	344.20	332.07	281.99	303.10
	408.06	474.90	348.76	322.48	430.14	376.69	284.97	293.68	321.50	308.48	268.20	282.87
	253.36	391.56	229.20	259.71	378.86	348.20	230.34	245.95	282.34	237.72	240.03	254.06
	51.92	22.52	10.75	5.45	10.83	1.23	6.38	1.54	0.63	15.84	—	—
	14.95	15.16	15.14	13.60	13.53	13.67	12.41	13.01	11.30	15.05	10.52	10.02
	13.42	14.32	13.52	13.27	12.43	12.23	12.17	9.53	10.98	9.94	11.17	7.17
	15.37	17.19	17.63	16.06	14.33	13.61	12.54	12.27	11.89	9.66	9.63	9.38
	24.63	27.60	24.85	22.31	23.28	22.62	4.31	4.99	3.98	3.80	3.73	3.18
	23.17	41.78	15.58	14.29	32.21	23.45	15.39	21.55	22.70	23.59	13.80	20.23
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	23.17	41.78	15.58	14.29	32.21	23.45	15.39	21.55	22.70	23.59	13.80	20.23
	5.81	11.60	3.97	3.88	8.60	6.21	4.17	5.80	5.20	6.82	3.98	5.45
	17.36	30.18	11.62	10.42	23.61	17.24	11.23	15.75	17.51	16.77	9.81	14.78
	5.61	9.75	3.75	3.36	7.63	5.66	3.68	5.17	5.75	6.01	3.55	5.35
Key metrics
	51.96	73.29	46.73	43.62	58.97	49.29	40.10	43.35	45.57	43.19	34.60	36.78
	12.10%	14.40%	12.90%	13.00%	12.80%	12.30%	13.40%	13.80%	13.30%	13.10%	12.40%	12.20%
	4.00%	5.90%	3.20%	3.10%	5.10%	4.30%	3.70%	5.00%	5.10%	5.10%	3.50%	4.90%
	—	7.00%	—	3.80%	—	5.30%	—	—	—	—	—	—
	-6.90%	26.90%	21.00%	6.90%	34.30%	20.80%	7.10%	4.00%	—	—	—	—
	-26.50%	75.10%	3.50%	-33.80%	34.80%	2.80%	14.50%	6.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,635	1,667	1,357	1,153	643.71	430.57
	13.86	13.19	2.90	5.20	0.75	2.71
	1,649	1,680	1,360	1,158	644.46	433.28
	1,554	1,576	1,277	1,081	581.63	390.74
	1,134	1,259	1,107	946.42	494.72	311.03
	90.64	49.55	9.78	15.84	—	—
	58.85	57.43	50.40	44.68	22.49	21.36
	54.53	53.55	44.91	32.56	10.38	8.19
	66.25	65.20	50.31	33.87	9.42	8.11
	99.39	98.04	83.61	14.57	8.94	6.04
	94.82	103.86	83.10	77.36	62.83	42.54
	0.00	0.00	0.00	—	—	—
	94.82	103.86	83.10	77.36	62.83	42.54
	25.26	28.04	21.38	20.56	16.62	10.59
	69.58	75.83	61.73	56.80	46.21	31.96
	22.47	24.49	20.25	20.34	18.30	18.83
Key metrics
	215.60	222.61	178.32	143.79	82.63	58.84
	13.19%	13.40%	13.10%	12.50%	12.80%	13.70%
	4.26%	4.50%	4.50%	4.90%	7.20%	7.40%
	—	19.70%	18.90%	—	—	—
	10.87%	22.80%	17.70%	79.10%	49.50%	—
	2.58%	22.80%	8.70%	22.90%	44.60%	—
	—	72.21	-25.72	—	—	—
	—	2.53	1.27	—	—	—
	—	0.57	0.70	—	—	—
	—	368.80	374.32	—	—	—
	—	105.5	119.2	—	—	—
Balance sheet
	—	1,182	1,197	—	—	—
	—	642.37	752.67	—	—	—
	—	0.45	26.01	—	—	—
	—	189.07	202.49	—	—	—
	—	404.58	426.70	—	—	—
	—	39.48	71.94	—	—	—
	—	478.29	423.74	—	—	—
	—	111.80	186.39	—	—	—
	—	384.83	518.95	—	—	—
	—	369.25	400.33	—	—	—
	—	233.15	307.03	—	—	—
	—	136.10	93.30	—	—	—
	—	646.64	572.67	—	—	—
Cash flow
	—	192.08	78.63	—	—	—
	—	-110.47	-85.72	—	—	—
	—	-107.18	31.32	—	—	—
	—	119.87	104.35	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +37.32%
Sales CAGR 5Y: —
Profit CAGR 3Y: +17.95%
Profit CAGR 5Y: —
Sales YoY (TTM): +10.87%
Profit YoY (TTM): +2.58%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 57.26%

Quarter	September 2026	June 2026
Promoter %	57.26%	57.26%

Holder	Type	Holding	Previous	Change
RUPESH KUMAR GUPTA	Promoter	14.45%	14.45%	0.00%
SAILESH GUPTA	Promoter	10.39%	10.39%	0.00%
MALABAR INDIA FUND LIMITED	Public	9.49%	9.49%	0.00%
RUPESH KUMAR GUPTA (Beneficial Owner in Ultra Pipes Partnership Firm)	Promoter Group	7.53%	7.53%	0.00%
RAKESH KUMAR GUPTA	Promoter Group	6.43%	6.43%	0.00%
ANSH COMMERCE PRIVATE LIMITED	Promoter Group	6.40%	6.40%	0.00%
SUNITA GUPTA	Promoter Group	3.47%	3.47%	0.00%
PARUL GUPTA	Promoter Group	2.93%	2.93%	0.00%
ISHA GUPTA	Promoter Group	2.08%	2.08%	0.00%
RAKESH KUMAR HUF (RAKESH KUMAR GUPTA-KARTA)	Promoter Group	1.36%	1.36%	0.00%
AJAY UPADHYAYA	Public	1.00%	1.46%	-0.46%
ANSH GOLAS	Promoter Group	0.47%	0.47%	0.00%
YUVIKA GUPTA	Promoter Group	0.32%	0.32%	0.00%
LAKSHIT GUPTA	Promoter Group	0.32%	0.32%	0.00%
ANVESHA GUPTA	Promoter Group	0.32%	0.32%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
Hariom Pipe Industries Limited S	1,049	338.75	15.08	19.70%	+10.87% TTM	+2.58% TTM	-24.23%

Filings & corporate actions

Recent announcements

Appointment of Senior Managerial Personnel4 Nov 2026 · Company Update / Change in Management
Submission of Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 20264 Nov 2026 · Result / Financial Results
The Board of Directors at their meeting held on November 04, 2026 have considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ....4 Nov 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Schedule of Conference Call for Investors on 05.11.2026. Register using given link to receive your joining details: https://events.kaptify.in/Hariom-Pipe-Q2-H1FY27-Concall.30 Oct 2026 · Company Update / Analyst / Investor Meet
Hariom Pipe Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve the Unaudited Financial ....27 Oct 2026 · Board Meeting / Board Meeting
The Company has entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) Government of Andhra Pradesh.24 Oct 2026 · Company Update / Memorandum of Understanding /Agreements
Intimation of commissioning of Two Solar Power Plant with cumulative capacity of 10 MW (AC) under MSKVY 2.0 Scheme at Pusegaon and Jaipur, Taluka Sengaon, District Hingoli, Maharashtra.14 Oct 2026 · Company Update / General
Intimation of Schedule of Analyst/Investor(s) Meeting to be held on October 07, 2026.6 Oct 2026 · Company Update / Analyst / Investor Meet
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.5 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submission of Voting Results and Consolidated Scrutinizer Report of the 19th Annual General Meeting of the Company held on September 30, 2026.1 Oct 2026 · AGM/EGM / AGM
Summary of the proceedings of the 19th Annual General Meeting (AGM) of the Company, held on Wednesday, September 30, 2026.30 Sep 2026 · AGM/EGM / AGM
Intimation regarding the closure of Trading Window for the quarter ended September 30, 202626 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Schedule of Analyst/Investor(s) Meeting to be held on September 28, 2026.23 Sep 2026 · Company Update / Analyst / Investor Meet
Submission of Revised Annual Report for the Financial Year 2025-26.11 Sep 2026 · Others / Reg. 34 (1) Annual Report
Newspaper Advertisement under Regulations 30 and 47 of SEBI (LODR) Regulations, 2015, regarding dispatch of the Notice of the 19th Annual General Meeting and Annual Report for the FY 2025-26.8 Sep 2026 · Company Update / Newspaper Publication
Intimation under Regulation 36(1)(b) of SEBI (LODR) Regulations. 2015 regarding dispatch of weblink letter to shareholders.7 Sep 2026 · Company Update / General
Submission of BRSR for the FY 2025-267 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Submission of Annual Report for the FY 2025-26 and the Notice of the 19th Annual General Meeting of the Company.7 Sep 2026 · Others / Reg. 34 (1) Annual Report
Record Date for the payment of Final Dividend on the Equity Shares for the FY 2025-26 is Wednesday, September 23, 2026.7 Sep 2026 · Corp. Action / Record Date
Submission of the Notice of 19th Annual General Meeting of the Company scheduled to be held on Wednesday, September 30, 20267 Sep 2026 · AGM/EGM / AGM
Intimation of the 19th Annual General Meeting (AGM), Record Date and Cut-off Date for remote e-Voting and e-Voting during the AGM7 Sep 2026 · AGM/EGM / AGM
Newspaper Advertisement - Pre-dispatch intimation of 19th Annual General Meeting scheduled on September 30, 2026, through VC/OAVM.3 Sep 2026 · Company Update / Newspaper Publication
Intimation of Appointment and re-appointment of Executive Directors.2 Sep 2026 · Company Update / Change in Directorate
Outcome of the Board Meeting held on September 02, 2026 to consider and approve the Notice of the 19th Annual General Meeting2 Sep 2026 · Others / Outcome without intimation
Investor Presentation on an Unaudited Financial Results for the quarter ended June 30, 2026.14 Aug 2026 · Company Update / Investor Presentation
Newspaper Advertisement on Unaudited Financial results for the quarter ended June 30, 2026.13 Aug 2026 · Company Update / Newspaper Publication
Appointment of Cost Auditor for the FY 2026-2712 Aug 2026 · Company Update / Change in Management
Unaudited Financial Results (Standalone & Consolidated) for the the quarter ended June 30, 2026.12 Aug 2026 · Result / Financial Results
To Consider and approve the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended June 30, 202612 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Resignation of Senior Management Personnel.11 Aug 2026 · Company Update / Change in Management
Hariom Pipe Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve the Unaudited Financial ....5 Aug 2026 · Board Meeting / Board Meeting
Intimation of receipt of Project Commissioning Certificate and declaration of Commercial Operation Date (COD) for 5 MW AC (6 MW DC) Solar PV Power Project at Rupur Tanda, Aunda Nagnath ....30 Jul 2026 · Company Update / General
Intimation of Allotment of 15,00,000 Convertible Warrants on Preferential Basis.27 Jul 2026 · Company Update / Allotment of Equity Shares
Intimation regarding revision in Credit Rating under Regulation 30 of SEBI (LODR) Regulations, 2015.23 Jul 2026 · Company Update / Credit Rating
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Suspension of Closure Order and Restoration of Power Supply at the Company''s Perundurai Unit.13 Jul 2026 · Company Update / General
Intimation of Successful Installation and Commencement of Power Generation of 5 MW AC (6 MW DC) Solar PV Power Project at Rupur Tanda, Aunda Nagnath Taluka, Hingoli District, Maharashtra.11 Jul 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (DO) Regulations, 2018 for the quarter ended June 30, 2026.9 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rupesh Kumar Gupta2 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Intimation regarding the closure of Trading Window for the Quarter ended June 30, 2026.25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Voting Result and Consolidated Scrutinizer Report of the EGM held on June 16, 2026.17 Jun 2026 · AGM/EGM / EGM

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.7500	23 Sep 2026	23 Sep 2026	—
Final Dividend - Rs. - 0.6100	23 Sep 2025	23 Sep 2025	—
Final Dividend - Rs. - 0.6000	13 Sep 2024	16 Sep 2024	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results