HARIOMPIPE share price, P/E, ROE & financials

Hariom Pipe Industries (HARIOMPIPE) had a P/E of 16.5× on 6 Nov 2026, below the industry P/E of 19.9×, and the shares are 18% below their 52-week high. It earns ROCE of 19% and ROE of 12%, and sales and net profit grew 37% and 18% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.62× equity. It is a small-cap company with a market cap of ₹1,133 Cr, ranked 54th of 150 Steel companies by market cap; the shares fell 15% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹373.45
Day high: ₹382.80
Day low: ₹358.50
Prev. close: ₹376.50
Volume: 3.1 L

Health check

2 good · 2 fair · 2 to check

ReturnsBehind
−15.5% over a year, better than 0 of 7 peers.
Price tagCheaper
P/E 16.5 vs industry 19.9.
GrowthStrong
Sales +37.3%, profit +17.9% a year over 3 years.
ProfitabilityAverage
ROCE 18.7% vs peer median 18.7%.
Balance sheetFair
Debt 0.62× equity, interest covered 3.0×, Piotroski 7 of 9.
Red flags2 to check
Quarterly profit down 29.7% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹1,133 Cr, #54 of 150 in its industry by size.

Defensive

Beta 0.71 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,635 Cr · profit ₹69 Cr

Market cap: ₹1,133 Cr; Small cap
P/E: 16.5; Industry 19.9
Price to book: 1.75; Peers 2.28
Dividend yield: 0.22%
ROE: 12.4%; Peers 23.4%
ROCE: 18.7%; Peers 18.7%
Debt to equity: 0.62; Debt ₹404 Cr
EPS (TTM): ₹22.18; Face value ₹10
OPM (TTM): 12.3%; Net margin 4.2%
Sales growth: −6.9%; Latest quarter vs a year ago
Profit growth: −29.7%; Latest quarter vs a year ago
Price to sales: 0.69; EV/EBITDA 7.1

Risks to check

Quarterly profit down 29.7% on a year ago.
Quarterly sales down 6.9% on a year ago.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Hariom Pipe Industries

Hariom Pipe Industries Limited manufactures and sells iron and steel products in India. It offers mild steel pipes, tubes, and billets; hot and cold rolled square, rectangular, and circular pipes and tubes; hot dipped galvanized pipes; pre galvanized pipes; and cold rolled full hard, galvanized, hot rolled pickled and oiled, and cold rolled closed annealed slit coils. The company also provides scaffolding solutions, such as cuplocks, telescopic…

Headquarters: Hyderabad
Employees: 792
Sector: Basic Materials
ISIN: INE00EV01017
Website: hariompipes.com

Price range

52 weeks

₹268.05₹448.90

Today

₹358.50₹382.80

Avg volume (3M): 2 L
1-year return: minus 15.5%
From 52-week high: minus 18.5%

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
HARIOMPIPEHariom Pipe Industries	365.95	minus 2.80%	1,133	16.5	7.0	18.7%	12.3%	0.62	37.3%	minus 15.5%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
461	336	363	507	429
403	293	318	443	379
57.6	42.7	45.2	63.9	49.9
12.5%	12.7%	12.5%	12.6%	11.6%
1.4	0.9	1.5	9.4	1.4
12.4	13.3	13.5	14.3	13.4
14.3	16.1	17.6	17.2	15.4
32.2	14.3	15.6	41.7	22.4
26.7%	27.1%	25.5%	27.8%	25.9%
23.6	10.4	11.6	30.1	16.6
7.62	3.36	3.74	9.72	5.36

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +37.3%
Profit CAGR 3Y: +17.9%
EPS CAGR 3Y: +10.2%
ROE: 12.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
644	1,153	1,357	1,667
–	+79.1%	+17.7%	+22.8%
562	1,015	1,182	1,449
81.9	139	175	218
12.7%	12.0%	12.9%	13.1%
0.2	4.8	1	2.9
9.6	32.2	43.2	52.8
9.4	33.9	50.3	65.3
−0.2	0.1	0.2	1
62.8	77.4	83.1	104
26.5%	26.6%	25.7%	27.0%
46.2	56.8	61.7	75.7
–	+22.9%	+8.7%	+22.7%
18.29	18.34	19.93	24.45

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
27.6	28.9	31	31
348	435	542	616
296	371	400	403
37.9	45.3	224	171
709	880	1,197	1,220
238	379	435	499
103	13.1	11.6	15.7
0.8	12.9	0	0
104	1.8	26	2.9
263	473	724	702
709	880	1,197	1,220

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−101	5	78.6	192
−222	−182	−85.7	−141
426	74.4	31.3	−74.7
104	−102	24.2	−23.1
−222	−231	−106	−160
−323	−226	−27.3	32.3
–	–	−1.9	−1.9

Shareholding pattern

Source: NSE filings

57.3%

promoters

Promoters57.26%
Public42.74%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	57.26%	42.74%	0.00
30 Jun 2026	57.26%	42.74%	0.00
31 Mar 2026	57.26%	42.74%	0.00
31 Dec 2025	57.26%	42.74%	0.00
30 Sep 2025	57.26%	42.74%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

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