Hariom Pipe Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 7:38 pm

Market Cap	1,205 Cr.
Current Price	389
High / Low	889/301
Stock P/E	19.5
Book Value	185
Dividend Yield	0.15 %
ROCE	14.1 %
ROE	11.9 %
Face Value	10.0
PEG Ratio	1.12

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Hariom Pipe Industries Ltd

Competitors of Hariom Pipe Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mukat Pipes Ltd	18.9 Cr.	16.0	26.0/11.4		5.91	0.00 %	%	%	5.00
Hariom Pipe Industries Ltd	1,205 Cr.	389	889/301	19.5	185	0.15 %	14.1 %	11.9 %	10.0
Earthstahl & Alloys Ltd	36.8 Cr.	30.1	49.5/0.00	69.5	30.6	0.00 %	3.58 %	1.43 %	10.0
Crimson Metal Engineering Company Ltd	4.57 Cr.	10.3	10.3/9.38	35.2	12.6	0.00 %	8.11 %	2.35 %	10.0
Welspun Corp Ltd	24,626 Cr.	936	943/440	16.3	284	0.53 %	25.6 %	23.1 %	5.00
Industry Average	9,784.31 Cr	551.06		38.53	153.57	0.37%	16.35%	12.51%	4.69

All Competitor Stocks of Hariom Pipe Industries Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	124	142	127	123	252	240	302	280	331	343	314	300	400
Expenses	107	126	111	104	220	212	266	247	289	299	272	260	351
Operating Profit	17	16	16	18	31	28	36	33	42	45	42	40	49
OPM %	14%	11%	13%	15%	12%	12%	12%	12%	13%	13%	13%	13%	12%
Other Income	0	0	0	0	0	1	1	2	1	1	1	0	0
Interest	2	2	2	2	5	4	7	11	10	11	10	12	12
Depreciation	2	2	2	2	3	5	9	10	10	12	12	13	14
Profit before tax	13	13	12	14	24	20	20	14	24	23	22	15	23
Tax %	25%	25%	25%	28%	27%	22%	27%	29%	29%	23%	27%	27%	26%
Net Profit	10	10	9	10	17	15	15	10	17	18	16	11	17
EPS in Rs	5.76	3.74	3.64	3.98	6.25	5.59	5.35	3.55	5.81	5.66	5.09	3.63	5.57

Last Updated: May 31, 2025, 5:45 am

Below is a detailed analysis of the quarterly data for Hariom Pipe Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 400.00 Cr.. The value appears strong and on an upward trend. It has increased from 300.00 Cr. (Dec 2024) to 400.00 Cr., marking an increase of 100.00 Cr..
For Expenses, as of Mar 2025, the value is 351.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 260.00 Cr. (Dec 2024) to 351.00 Cr., marking an increase of 91.00 Cr..
For Operating Profit, as of Mar 2025, the value is 49.00 Cr.. The value appears strong and on an upward trend. It has increased from 40.00 Cr. (Dec 2024) to 49.00 Cr., marking an increase of 9.00 Cr..
For OPM %, as of Mar 2025, the value is 12.00%. The value appears to be declining and may need further review. It has decreased from 13.00% (Dec 2024) to 12.00%, marking a decrease of 1.00%.
For Other Income, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 0.00 Cr..
For Interest, as of Mar 2025, the value is 12.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 12.00 Cr..
For Depreciation, as of Mar 2025, the value is 14.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 13.00 Cr. (Dec 2024) to 14.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Mar 2025, the value is 23.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Dec 2024) to 23.00 Cr., marking an increase of 8.00 Cr..
For Tax %, as of Mar 2025, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Dec 2024) to 26.00%, marking a decrease of 1.00%.
For Net Profit, as of Mar 2025, the value is 17.00 Cr.. The value appears strong and on an upward trend. It has increased from 11.00 Cr. (Dec 2024) to 17.00 Cr., marking an increase of 6.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 5.57. The value appears strong and on an upward trend. It has increased from 3.63 (Dec 2024) to 5.57, marking an increase of 1.94.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 3:15 am

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	87	105	134	161	254	431	644	1,153	1,357
Expenses	80	90	117	137	220	374	562	1,015	1,182
Operating Profit	7	15	17	23	34	56	82	139	175
OPM %	8%	14%	13%	15%	13%	13%	13%	12%	13%
Other Income	1	0	0	0	1	3	1	5	3
Interest	3	3	3	7	8	8	10	33	45
Depreciation	2	3	2	5	6	8	9	34	50
Profit before tax	2	10	12	11	21	43	63	77	83
Tax %	33%	36%	31%	30%	29%	25%	26%	27%	26%
Net Profit	2	6	8	8	15	32	46	57	62
EPS in Rs	9.47	5.94	6.21	5.98	8.92	18.83	16.73	19.68	19.93
Dividend Payout %	0%	0%	10%	0%	0%	0%	0%	3%	3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	200.00%	33.33%	0.00%	87.50%	113.33%	43.75%	23.91%	8.77%
Change in YoY Net Profit Growth (%)	0.00%	-166.67%	-33.33%	87.50%	25.83%	-69.58%	-19.84%	-15.14%

Hariom Pipe Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	53%
3 Years:	47%
TTM:	18%

Compounded Profit Growth
10 Years:	%
5 Years:	51%
3 Years:	27%
TTM:	9%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	23%
1 Year:	-27%

Return on Equity
10 Years:	%
5 Years:	16%
3 Years:	14%
Last Year:	12%

Last Updated: Unknown

Balance Sheet

Last Updated: May 13, 2025, 1:34 pm

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2	11	13	13	17	17	28	29	31
Reserves	10	9	21	35	54	84	348	435	542
Borrowings	29	25	56	68	80	87	297	372	401
Other Liabilities	7	13	14	23	23	27	37	44	223
Total Liabilities	47	58	105	140	174	216	709	880	1,197
Fixed Assets	12	12	43	50	59	54	135	366	424
CWIP	0	1	0	0	8	10	103	13	12
Investments	0	0	0	0	0	0	0	0	0
Other Assets	36	46	62	90	107	152	471	501	761
Total Assets	47	58	105	140	174	216	709	880	1,197

Below is a detailed analysis of the balance sheet data for Hariom Pipe Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 31.00 Cr.. The value appears strong and on an upward trend. It has increased from 29.00 Cr. (Mar 2024) to 31.00 Cr., marking an increase of 2.00 Cr..
For Reserves, as of Mar 2025, the value is 542.00 Cr.. The value appears strong and on an upward trend. It has increased from 435.00 Cr. (Mar 2024) to 542.00 Cr., marking an increase of 107.00 Cr..
For Borrowings, as of Mar 2025, the value is 401.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 372.00 Cr. (Mar 2024) to 401.00 Cr., marking an increase of 29.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 223.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 44.00 Cr. (Mar 2024) to 223.00 Cr., marking an increase of 179.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 1,197.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 880.00 Cr. (Mar 2024) to 1,197.00 Cr., marking an increase of 317.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 424.00 Cr.. The value appears strong and on an upward trend. It has increased from 366.00 Cr. (Mar 2024) to 424.00 Cr., marking an increase of 58.00 Cr..
For CWIP, as of Mar 2025, the value is 12.00 Cr.. The value appears to be declining and may need further review. It has decreased from 13.00 Cr. (Mar 2024) to 12.00 Cr., marking a decrease of 1.00 Cr..
For Investments, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Mar 2025, the value is 761.00 Cr.. The value appears strong and on an upward trend. It has increased from 501.00 Cr. (Mar 2024) to 761.00 Cr., marking an increase of 260.00 Cr..
For Total Assets, as of Mar 2025, the value is 1,197.00 Cr.. The value appears strong and on an upward trend. It has increased from 880.00 Cr. (Mar 2024) to 1,197.00 Cr., marking an increase of 317.00 Cr..

Notably, the Reserves (542.00 Cr.) exceed the Borrowings (401.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	4	7	6	1	10	4	-101	5	79
Cash from Investing Activity +	-0	-4	-32	-12	-23	-4	-222	-182	-86
Cash from Financing Activity +	-4	-3	30	9	12	-0	426	74	31
Net Cash Flow	-0	-0	4	-2	-1	-1	104	-102	24

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-22.00	-10.00	-39.00	-45.00	-46.00	-31.00	-215.00	-233.00	-226.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	23	36	29	52	28	23	49	39
Inventory Days	165	196	169	251	174	150	172	124
Days Payable	28	31	21	63	9	14	13	8
Cash Conversion Cycle	161	201	177	240	193	159	207	155
Working Capital Days	121	111	116	133	123	107	166	131
ROCE %		30%	22%	18%	21%	28%	17%	15%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	66.03%	66.03%	66.03%	60.92%	60.91%	60.91%	60.91%	58.28%	57.16%	57.15%	57.27%
FIIs	2.18%	2.70%	2.11%	2.52%	2.22%	2.81%	2.58%	6.51%	10.10%	9.55%	9.40%
DIIs	0.43%	0.37%	0.37%	0.18%	0.00%	0.00%	0.00%	0.00%	0.16%	0.38%	0.05%
Public	31.35%	30.90%	31.51%	36.38%	36.86%	36.28%	36.52%	35.21%	32.59%	32.93%	33.30%
No. of Shareholders	38,508	33,471	32,856	30,703	35,945	37,850	39,806	43,563	44,373	45,720	49,733

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ITI ELSS Tax Saver Fund	58,141	0.51	1.94	N/A	N/A	N/A

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	20.34	18.30	18.83	10.64	5.98
Diluted EPS (Rs.)	18.34	18.29	18.83	9.80	5.93
Cash EPS (Rs.)	31.41	20.15	23.60	12.61	9.88
Book Value[Excl.RevalReserv]/Share (Rs.)	160.79	135.85	59.50	41.18	31.18
Book Value[Incl.RevalReserv]/Share (Rs.)	160.79	135.85	59.50	41.18	31.18
Dividend / Share (Rs.)	0.00	0.00	0.00	0.00	0.60
Revenue From Operations / Share (Rs.)	399.51	233.10	253.63	149.84	121.49
PBDIT / Share (Rs.)	49.81	29.92	34.66	20.61	18.03
PBIT / Share (Rs.)	38.08	26.51	29.88	16.93	14.13
PBT / Share (Rs.)	26.80	22.75	25.06	12.50	8.56
Net Profit / Share (Rs.)	19.68	16.73	18.82	8.92	5.98
PBDIT Margin (%)	12.46	12.83	13.66	13.75	14.83
PBIT Margin (%)	9.53	11.37	11.78	11.29	11.62
PBT Margin (%)	6.70	9.76	9.88	8.34	7.04
Net Profit Margin (%)	4.92	7.17	7.42	5.95	4.91
Return on Networth / Equity (%)	12.23	12.31	31.63	21.66	19.16
Return on Capital Employeed (%)	18.51	14.46	36.48	26.45	24.01
Return On Assets (%)	6.45	6.51	14.80	8.70	5.66
Long Term Debt / Equity (X)	0.25	0.33	0.34	0.48	0.58
Total Debt / Equity (X)	0.79	0.78	0.86	0.94	1.37
Asset Turnover Ratio (%)	1.45	1.39	2.21	1.62	0.00
Current Ratio (X)	1.68	2.12	1.97	1.62	1.45
Quick Ratio (X)	0.64	1.07	0.47	0.39	0.48
Inventory Turnover Ratio (X)	3.72	3.03	3.19	2.58	0.00
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	0.00	10.04
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	0.00	6.07
Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	89.96
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	93.93
Interest Coverage Ratio (X)	4.42	7.96	7.19	4.65	3.24
Interest Coverage Ratio (Post Tax) (X)	2.74	5.45	4.90	3.01	2.07
Enterprise Value (Cr.)	1644.52	1500.00	0.00	0.00	0.00
EV / Net Operating Revenue (X)	1.43	2.33	0.00	0.00	0.00
EV / EBITDA (X)	11.44	18.15	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	1.13	2.03	0.00	0.00	0.00
Retention Ratios (%)	0.00	0.00	0.00	0.00	89.95
Price / BV (X)	2.81	3.49	0.00	0.00	0.00
Price / Net Operating Revenue (X)	1.13	2.03	0.00	0.00	0.00
EarningsYield	0.04	0.03	0.00	0.00	0.00

After reviewing the key financial ratios for Hariom Pipe Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 20.34. This value is within the healthy range. It has increased from 18.30 (Mar 23) to 20.34, marking an increase of 2.04.
For Diluted EPS (Rs.), as of Mar 24, the value is 18.34. This value is within the healthy range. It has increased from 18.29 (Mar 23) to 18.34, marking an increase of 0.05.
For Cash EPS (Rs.), as of Mar 24, the value is 31.41. This value is within the healthy range. It has increased from 20.15 (Mar 23) to 31.41, marking an increase of 11.26.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 160.79. It has increased from 135.85 (Mar 23) to 160.79, marking an increase of 24.94.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 160.79. It has increased from 135.85 (Mar 23) to 160.79, marking an increase of 24.94.
For Dividend / Share (Rs.), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 399.51. It has increased from 233.10 (Mar 23) to 399.51, marking an increase of 166.41.
For PBDIT / Share (Rs.), as of Mar 24, the value is 49.81. This value is within the healthy range. It has increased from 29.92 (Mar 23) to 49.81, marking an increase of 19.89.
For PBIT / Share (Rs.), as of Mar 24, the value is 38.08. This value is within the healthy range. It has increased from 26.51 (Mar 23) to 38.08, marking an increase of 11.57.
For PBT / Share (Rs.), as of Mar 24, the value is 26.80. This value is within the healthy range. It has increased from 22.75 (Mar 23) to 26.80, marking an increase of 4.05.
For Net Profit / Share (Rs.), as of Mar 24, the value is 19.68. This value is within the healthy range. It has increased from 16.73 (Mar 23) to 19.68, marking an increase of 2.95.
For PBDIT Margin (%), as of Mar 24, the value is 12.46. This value is within the healthy range. It has decreased from 12.83 (Mar 23) to 12.46, marking a decrease of 0.37.
For PBIT Margin (%), as of Mar 24, the value is 9.53. This value is below the healthy minimum of 10. It has decreased from 11.37 (Mar 23) to 9.53, marking a decrease of 1.84.
For PBT Margin (%), as of Mar 24, the value is 6.70. This value is below the healthy minimum of 10. It has decreased from 9.76 (Mar 23) to 6.70, marking a decrease of 3.06.
For Net Profit Margin (%), as of Mar 24, the value is 4.92. This value is below the healthy minimum of 5. It has decreased from 7.17 (Mar 23) to 4.92, marking a decrease of 2.25.
For Return on Networth / Equity (%), as of Mar 24, the value is 12.23. This value is below the healthy minimum of 15. It has decreased from 12.31 (Mar 23) to 12.23, marking a decrease of 0.08.
For Return on Capital Employeed (%), as of Mar 24, the value is 18.51. This value is within the healthy range. It has increased from 14.46 (Mar 23) to 18.51, marking an increase of 4.05.
For Return On Assets (%), as of Mar 24, the value is 6.45. This value is within the healthy range. It has decreased from 6.51 (Mar 23) to 6.45, marking a decrease of 0.06.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.25. This value is within the healthy range. It has decreased from 0.33 (Mar 23) to 0.25, marking a decrease of 0.08.
For Total Debt / Equity (X), as of Mar 24, the value is 0.79. This value is within the healthy range. It has increased from 0.78 (Mar 23) to 0.79, marking an increase of 0.01.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.45. It has increased from 1.39 (Mar 23) to 1.45, marking an increase of 0.06.
For Current Ratio (X), as of Mar 24, the value is 1.68. This value is within the healthy range. It has decreased from 2.12 (Mar 23) to 1.68, marking a decrease of 0.44.
For Quick Ratio (X), as of Mar 24, the value is 0.64. This value is below the healthy minimum of 1. It has decreased from 1.07 (Mar 23) to 0.64, marking a decrease of 0.43.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.72. This value is below the healthy minimum of 4. It has increased from 3.03 (Mar 23) to 3.72, marking an increase of 0.69.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Interest Coverage Ratio (X), as of Mar 24, the value is 4.42. This value is within the healthy range. It has decreased from 7.96 (Mar 23) to 4.42, marking a decrease of 3.54.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.74. This value is below the healthy minimum of 3. It has decreased from 5.45 (Mar 23) to 2.74, marking a decrease of 2.71.
For Enterprise Value (Cr.), as of Mar 24, the value is 1,644.52. It has increased from 1,500.00 (Mar 23) to 1,644.52, marking an increase of 144.52.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.43. This value is within the healthy range. It has decreased from 2.33 (Mar 23) to 1.43, marking a decrease of 0.90.
For EV / EBITDA (X), as of Mar 24, the value is 11.44. This value is within the healthy range. It has decreased from 18.15 (Mar 23) to 11.44, marking a decrease of 6.71.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.13. This value is within the healthy range. It has decreased from 2.03 (Mar 23) to 1.13, marking a decrease of 0.90.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Price / BV (X), as of Mar 24, the value is 2.81. This value is within the healthy range. It has decreased from 3.49 (Mar 23) to 2.81, marking a decrease of 0.68.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.13. This value is within the healthy range. It has decreased from 2.03 (Mar 23) to 1.13, marking a decrease of 0.90.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 23) to 0.04, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Hariom Pipe Industries Ltd as of June 1, 2025 is: 343.95

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 1, 2025, Hariom Pipe Industries Ltd is Overvalued by 11.58% compared to the current share price 389.00

Intrinsic Value of Hariom Pipe Industries Ltd as of June 1, 2025 is: 403.95

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 1, 2025, Hariom Pipe Industries Ltd is Undervalued by 3.84% compared to the current share price 389.00

Last 5 Year EPS CAGR: 17.44%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 18.88%, which is a positive sign. The company has higher reserves (170.89 cr) compared to borrowings (157.22 cr), indicating strong financial stability. The company has shown consistent growth in sales (202.00 cr) and profit (35.78 cr) over the years.	The stock has a high average Working Capital Days of 126.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 186.63, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Hariom Pipe Industries Ltd:
1. Net Profit Margin: 4.92%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 18.51% (Industry Average ROCE: 16.35%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 12.23% (Industry Average ROE: 12.51%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.74
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.64
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 19.5 (Industry average Stock P/E: 38.53)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.79
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Hariom Pipe Industries Ltd. is a Public Limited Listed company incorporated on 21/06/2007 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L27100TG2007PLC054564 and registration number is 054564. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company's Total Operating Revenue is Rs. 1357.05 Cr. and Equity Capital is Rs. 30.97 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Steel - Tubes/Pipes	3-4-174/12/2, 1st Floor, Samarpan Lane, Besides Spencer�s, Hyderabad Telangana 500048	cs@hariompipes.com http://www.hariompipes.com

Management
Name	Position Held
Mr. Pramod Kumar Kapoor	Chairman & Ind.Director
Mr. Rupesh Kumar Gupta	Managing Director
Mr. Sailesh Gupta	Whole Time Director
Mrs. Sunita Gupta	Non Executive Director
Mr. Soumen Bose	Non Executive Director
Mr. Rajender Reddy Gankidi	Independent Director
Mrs. Sneha Sankla	Independent Director

FAQ

What is the intrinsic value of Hariom Pipe Industries Ltd?

Hariom Pipe Industries Ltd's intrinsic value (as of 31 May 2025) is ₹343.95 — 11.58% lower the current market price of 389.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,205 Cr. market cap, FY2025-2026 high/low of ₹889/301, reserves of 542 Cr, and liabilities of 1,197 Cr.

What is the Market Cap of Hariom Pipe Industries Ltd?

The Market Cap of Hariom Pipe Industries Ltd is 1,205 Cr..

What is the current Stock Price of Hariom Pipe Industries Ltd as on 31 May 2025?

The current stock price of Hariom Pipe Industries Ltd as on 31 May 2025 is 389.

What is the High / Low of Hariom Pipe Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Hariom Pipe Industries Ltd stocks is ₹889/301.

What is the Stock P/E of Hariom Pipe Industries Ltd?

The Stock P/E of Hariom Pipe Industries Ltd is 19.5.

What is the Book Value of Hariom Pipe Industries Ltd?

The Book Value of Hariom Pipe Industries Ltd is 185.

What is the Dividend Yield of Hariom Pipe Industries Ltd?

The Dividend Yield of Hariom Pipe Industries Ltd is 0.15 %.

What is the ROCE of Hariom Pipe Industries Ltd?

The ROCE of Hariom Pipe Industries Ltd is 14.1 %.

What is the ROE of Hariom Pipe Industries Ltd?

The ROE of Hariom Pipe Industries Ltd is 11.9 %.

What is the Face Value of Hariom Pipe Industries Ltd?

The Face Value of Hariom Pipe Industries Ltd is 10.0.