Hariom Pipe Industries Ltd. (IN:HARIOMPIPE)
:HARIOMPIPE
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Hariom Pipe Industries Ltd.
(HARIOMPIPE)
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Rating:57Neutral
Price Target:
₹433.00
▲(9.54% Upside)
Action:Reiterated
Date:06/11/26
The score is held back primarily by weak cash-flow quality and margin compression despite strong revenue growth and a manageable balance sheet. Technicals are moderately supportive with price above key moving averages and positive MACD, while valuation is neutral with a mid-range P/E but minimal dividend support.
Positive Factors
Consistent Revenue Growth
Consistent multi-year revenue growth (reported ~22.8%) indicates sustained demand and the company's ability to scale production and distribution. Over a 2–6 month horizon this underpins capacity utilization, bargaining leverage with suppliers, and provides a foundation to expand higher‑margin, value‑added sales.
Negative Factors
Weak Cash-Flow Quality / Negative FCF
Persistent negative free cash flow and volatile operating cash flow indicate earnings are not reliably converting into cash. Over months this raises funding risk for working capital and capex, constrains deleveraging, and makes the business vulnerable if credit tightens or margins worsen.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Consistent multi-year revenue growth (reported ~22.8%) indicates sustained demand and the company's ability to scale production and distribution. Over a 2–6 month horizon this underpins capacity utilization, bargaining leverage with suppliers, and provides a foundation to expand higher‑margin, value‑added sales.
Read all positive factors
Hariom Pipe Industries Ltd. (HARIOMPIPE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.79B
Dividend Yield0.17%
Average Volume (3M)32.68K
Price to Earnings (P/E)16.9
Beta (1Y)0.90
Revenue Growth22.84%
EPS Growth22.64%
CountryIN
Employees458
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)20.23
Shares Outstanding30,967,289
10 Day Avg. Volume12,582
30 Day Avg. Volume32,677
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)1.32
Price to Sales (P/S)0.51
P/FCF Ratio-40.85
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 specializes in the production and distribution of a diverse array of iron and steel goods. Their primary product line includes mild steel billets, various pipes and tubes, hot rolled coils, and complete scaffolding s...
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
62
Positive
Balance Sheet
68
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.96B | 16.67B | 13.57B | 11.53B | 6.44B | 4.31B |
| Gross Profit | 3.14B | 1.71B | 2.45B | 1.96B | 1.81B | 1.40B |
| EBITDA | 1.91B | 2.09B | 1.75B | 1.44B | 818.86M | 561.19M |
| Net Income | 624.86M | 757.08M | 617.26M | 568.00M | 462.08M | 319.57M |
Balance Sheet | ||||||
| Total Assets | 11.43B | 12.20B | 11.97B | 8.80B | 7.09B | 2.16B |
| Cash, Cash Equivalents and Short-Term Investments | 57.52M | 28.93M | 507.86M | 317.90M | 1.05B | 4.88M |
| Total Debt | 4.18B | 4.04B | 4.01B | 3.72B | 2.97B | 862.57M |
| Total Liabilities | 5.39B | 5.71B | 6.24B | 4.16B | 3.34B | 1.15B |
| Stockholders Equity | 6.05B | 6.47B | 5.73B | 4.64B | 3.75B | 1.01B |
Cash Flow | ||||||
| Free Cash Flow | -178.27M | -208.59M | -272.18M | -2.26B | -3.23B | -7.69M |
| Operating Cash Flow | 406.82M | 1.35B | 786.33M | 49.55M | -1.01B | 37.24M |
| Investing Cash Flow | -288.80M | -1.43B | -857.16M | -1.82B | -2.22B | -41.59M |
| Financing Cash Flow | -322.07M | -149.03M | 313.17M | 743.72M | 4.26B | -2.10M |
Hariom Pipe Industries Ltd. Technical Analysis
Positive
395.30
Price Trends
344.69
Positive
353.24
Positive
391.86
Positive
Market Momentum
20.55
Positive
58.16
Neutral
61.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HARIOMPIPE, the sentiment is Positive. The current price of 395.3 is below the 20-day moving average (MA) of 397.34, above the 50-day MA of 344.69, and above the 200-day MA of 391.86, indicating a bullish trend. The MACD of 20.55 indicates Positive momentum. The RSI at 58.16 is Neutral, neither overbought nor oversold. The STOCH value of 61.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹35.56B | 13.79 | ― | 1.36% | -6.88% | 0.63% | |
68 Neutral | ₹30.65B | 29.94 | ― | 0.08% | 21.73% | 8.46% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹45.13B | 24.16 | ― | 0.38% | 4.18% | 10.75% | |
59 Neutral | ₹18.52B | 23.67 | ― | 0.03% | 36.92% | -9.90% | |
57 Neutral | ₹12.79B | 16.87 | ― | 0.17% | 22.84% | 22.64% | |
43 Neutral | ₹8.26B | 54.61 | ― | ― | 7.26% | -40.98% |
* Basic Materials Sector Average
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Hariom Pipe Industries Ltd. Corporate Events
Hariom Pipe Publishes Q4 FY26 Earnings Call Transcript for Investors
May 28, 2026
Hariom Pipe Industries Limited has released the transcript of its post-earnings conference call with investors and analysts, held on May 23, 2026, to discuss the audited financial and operational performance for the quarter and year ended March 31...
Hariom Pipe Publishes FY26 Audited Results Extract in Newspapers, Updates Exchanges
May 23, 2026
Hariom Pipe Industries Limited informed stock exchanges that it has published newspaper advertisements detailing its standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The results were published in...
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.