Hariom Pipe Industries Ltd. (IN:HARIOMPIPE)
:HARIOMPIPE
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Hariom Pipe Industries Ltd.
(HARIOMPIPE)
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Rating:66Neutral
Price Target:
₹357.00
▼(-9.69% Downside)
Action:ReiteratedDate:12/02/25
Hariom Pipe Industries has a solid financial performance with strong revenue and equity growth, but faces challenges with high leverage and negative free cash flow. The technical analysis indicates a bearish trend, and the valuation is fair but not particularly attractive due to a low dividend yield. The absence of earnings call and corporate events data limits further insights.
Positive Factors
Revenue Growth
Sustained multi-year revenue expansion demonstrates durable demand and successful scaling of manufacturing and distribution. Tripling revenues in three years supports stronger bargaining with suppliers, better capacity utilization and fixed-cost absorption, underpinning longer-term earnings potential.
Negative Factors
Substantial Debt
Material outstanding debt raises financial leverage and interest obligations, constraining flexibility for future investments or shareholder returns. In a cyclical steel sector, elevated debt levels increase vulnerability to revenue shocks and could necessitate deleveraging during weaker market periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue expansion demonstrates durable demand and successful scaling of manufacturing and distribution. Tripling revenues in three years supports stronger bargaining with suppliers, better capacity utilization and fixed-cost absorption, underpinning longer-term earnings potential.
Read all positive factors
Hariom Pipe Industries Ltd. (HARIOMPIPE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.24B
Dividend Yield0.17%
Average Volume (3M)32.68K
Price to Earnings (P/E)25.0
Beta (1Y)0.98
Revenue Growth21.05%
EPS Growth-0.40%
CountryIN
Employees458
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)3.74
Shares Outstanding30,967,289
10 Day Avg. Volume12,582
30 Day Avg. Volume32,677
Financial Highlights & Ratios
PEG Ratio-38.28
Price to Book (P/B)1.83
Price to Sales (P/S)0.77
P/FCF Ratio-38.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hariom Pipe Industries Ltd. Business Overview & Revenue Model
Company Description
Hariom Pipe Industries Limited manufactures and sells iron and steel products. It primarily offers mild steel billets, pipes, and tubes; hot rolled coils; and scaffolding systems for various industrial applications. The company was incorporated in...
How the Company Makes Money
Hariom Pipe Industries primarily makes money by manufacturing steel products and selling them to customers in India. Its revenue model is product-sales driven, with key revenue streams coming from (1) sale of steel pipes and tubes and (2) sale of ...
Hariom Pipe Industries Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.96B | 13.57B | 11.53B | 6.44B | 4.31B | 2.54B |
| Gross Profit | 3.14B | 2.45B | 1.96B | 1.81B | 1.40B | 812.80M |
| EBITDA | 1.91B | 1.75B | 1.44B | 818.86M | 561.19M | 349.67M |
| Net Income | 624.86M | 617.26M | 568.00M | 462.08M | 319.57M | 151.32M |
Balance Sheet | ||||||
| Total Assets | 11.43B | 11.97B | 8.80B | 7.09B | 2.16B | 1.74B |
| Cash, Cash Equivalents and Short-Term Investments | 57.52M | 507.86M | 317.90M | 1.05B | 4.88M | 8.80M |
| Total Debt | 4.18B | 4.01B | 3.72B | 2.97B | 862.57M | 801.75M |
| Total Liabilities | 5.39B | 6.24B | 4.16B | 3.34B | 1.15B | 1.03B |
| Stockholders Equity | 6.05B | 5.73B | 4.64B | 3.75B | 1.01B | 707.89M |
Cash Flow | ||||||
| Free Cash Flow | -178.27M | -272.18M | -2.26B | -3.23B | -7.69M | -134.38M |
| Operating Cash Flow | 406.82M | 786.33M | 49.55M | -1.01B | 37.24M | 104.26M |
| Investing Cash Flow | -288.80M | -857.16M | -1.82B | -2.22B | -41.59M | -234.69M |
| Financing Cash Flow | -322.07M | 313.17M | 743.72M | 4.26B | -2.10M | 120.92M |
Hariom Pipe Industries Ltd. Technical Analysis
Neutral
395.30
Price Trends
338.81
Negative
358.63
Negative
411.65
Negative
Market Momentum
-11.95
Negative
53.18
Neutral
69.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HARIOMPIPE, the sentiment is Neutral. The current price of 395.3 is above the 20-day moving average (MA) of 296.36, above the 50-day MA of 338.81, and below the 200-day MA of 411.65, indicating a neutral trend. The MACD of -11.95 indicates Negative momentum. The RSI at 53.18 is Neutral, neither overbought nor oversold. The STOCH value of 69.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HARIOMPIPE.
Hariom Pipe Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹35.40B | 13.58 | ― | 1.36% | -1.80% | 11.03% | |
72 Outperform | ₹28.87B | 23.46 | ― | 0.08% | 21.45% | 5.07% | |
69 Neutral | ₹42.38B | 20.71 | ― | 0.38% | 10.25% | 2.12% | |
66 Neutral | ₹10.24B | 25.01 | ― | 0.17% | 21.05% | -0.40% | |
66 Neutral | ₹18.48B | 27.40 | ― | 0.03% | 14.55% | -9.81% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | ₹9.54B | 176.56 | ― | ― | 14.47% | -32.32% |
* Basic Materials Sector Average
IN:HARIOMPIPE
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Hariom Pipe Industries Ltd. Corporate Events
Hariom Pipe Schedules Investor Meetings at Kaptify Conference in Mumbai
Mar 12, 2026
Hariom Pipe Industries Limited has announced that its management will participate in the Kaptify Investor Conference in Mumbai on March 18, 2026, holding in-person group and one-on-one meetings with analysts and institutional investors. The compan...
Hariom Pipe Publishes Postal Ballot and E-Voting Notice for Shareholders
Mar 8, 2026
Hariom Pipe Industries Ltd. has announced that it has published newspaper advertisements in Business Line and Surya regarding the dispatch of its Postal Ballot notice and details of remote e-voting for shareholders. The company has also made this ...
Hariom Pipe Seeks Shareholder Nod on Director Term, Green Energy and Efficiency Deals
Mar 7, 2026
Hariom Pipe Industries Ltd. has launched a postal ballot process to seek shareholder approval through remote e-voting on key governance and strategic resolutions, including the re-appointment of independent director Rajender Reddy Gankidi for a se...
Hariom Pipe Schedules Virtual Analyst Meet at Arihant Bharat Connect 2026
Feb 27, 2026
Hariom Pipe Industries Ltd. has scheduled a virtual group meeting with analysts and investors as part of the Arihant Bharat Connect Conference: Rising Stars 2026 on March 11, 2026, between 2:00 PM and 3:00 PM. The company emphasized that no unpubl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.