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Hariom Pipe Industries Ltd share Price Today

Company details

596.35
608.00
440.05
740.00
6M Return -5.82%
1Y Return -7.97%
Mkt Cap.(Cr) 1,723.96
Volume 12,982
Div Yield 0.10%
OI
-
OI Chg %
-
Volume 12,982

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Iron & Steel Products company Hariom Pipe Industries announced Q4FY24 & FY24 results:

FY24 Financial Highlights:

  • Total Income of Rs 1,15,838.47 Lakhs, up 80% YoY
  • EBITDA of Rs 14,379.14 Lakhs, up 74% YoY
  • PAT of Rs 5,679.95 Lakhs, up 23% YoY
  • Operating Cash Flow turned positive at Rs 495.54 Lakhs, up 105% YoY
  • RoCE of 18.8% in FY24 vs. 14.6% in FY23
  • NWC to Sales days of 62, down from 129 in FY23

FY24 Operational Highlights:

  • Net production of 2,13,216 MT, up 77% YoY
  • Net sales of 1,99,016 MT, up 82% YoY
  • Value Added Products sales of 1,74,667 MT, up 114% YoY
  • Commissioned GP/GC products plant at Telangana Unit

Q4FY24 Financial Highlights:

  • Total Income of Rs 33,206.88 Lakhs, up 32% YoY, up 18% QoQ
  • EBITDA of Rs 4,318.71 Lakhs, up 37% YoY, up 25% QoQ
  • PAT of Rs 1,676.93 Lakhs, down 3% YoY, up 71% QoQ

Q4FY24 Operational Highlights:

  • Net sales of 60,449 MT, up 46% YoY, up 24% QoQ
  • Value Added Products sales of 49,259 MT, up 42% YoY, up 14% QoQ
  • Commissioned CR Tandem Mill at Mahabubnagar plant, Telangana

Commenting on HPIL’s performance, Rupesh Kumar Gupta, Managing Director, stated: “Our strategic initiatives have driven us to achieve our highest-ever sales volume, with annual revenue surpassing the Rs 1,100 crore mark. The company demonstrated positive Operating Cash Flow, driven by increased profitability and efficient working capital management. Our ROCE has surged significantly, reflecting effective resource utilization and enhanced profitability. As we enter FY25, we are well-positioned to maintain our growth trajectory with a continued focus on improving cash flow. We remain dedicated to enhancing our value-added offerings to meet the evolving needs of a rising and aspirational India.”

Result PDF

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Hariom Pipe Industries Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Annual Net Profits improving for last 2 years

Weakness (4)

  • Promoter holding decreased by more than -2% QoQ
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 610.4
R2 621.0
R3 632.4
Pivot

599.08

S1 588.5
S2 577.1
S3 566.5
EMA SMA
573.7
567.0
567.1
564.6
566.1
574.4
549.1
589.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
PARTH INFIN BROKERS PVT LTD Bulk Purchase 2023-01-23 397.75 514443 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-01-23 397.26 263570 NSE
PARTH INFIN BROKERS PVT LTD Bulk Sell 2023-01-23 398.14 400943 NSE
Name Category Shares
RUPESH KUMAR GUPTA PROMOTER 14.53%
SAILESH GUPTA PROMOTER 10.17%
RAKESH KUMAR HUF (RAKESH KUMAR GUPTA-KARTA) PROMOTER 1.46%
RUPESH KUMAR GUPTA (Beneficial Owner is Ultra Pipes Partnership Firm) PROMOTER 8.08%
ANSH COMMERCE PRIVATE LIMITED PROMOTER 6.87%
RAKESH KUMAR GUPTA PROMOTER 5.68%
SUNITA GUPTA PROMOTER 3.73%
PARUL GUPTA PROMOTER 3.14%
ISHA GUPTA PROMOTER 2.23%
ANSH GOLAS PROMOTER 0.51%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Hariom Pipe Industries Ltd Stocks COMPARISON

Financials( in Cr) Hariom Pipe Industries Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 597.25 935.05 178.70 1,071.50 4,181.00
% Change -0.43 -0.03 0.42 0.06 -2.50
Mcap Cr 1,723.96 228,662.18 223,080.72 109,302.43 80,861.38
Revenue TTM Cr 643.72 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 46.21 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 30.44 27.15 0.00 18.40 124.68
1 Year Return -7.97 24.87 62.68 88.74 30.83
ROCE 16.99 8.60 12.10 14.17 33.06
ROE 19.41 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 375.33 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Hariom Pipe Industries Ltd Information

Stock PE (TTM)
30.44
Promoter Holding
58.28%
Book Value
160.7875
ROCE
16.99%
ROE
19.41%
Description
  • The Company was incorporated as `Hari Om Concast And Steels Private Limited` at Hyderabad as a Private Limited Company with the provisions of the erstwhile Companies Act, 1956, pursuant to a Certificate of Incorporation dated June 21, 2007 issued by the Registrar of Companies, Andhra Pradesh. Thereafter, the name of Company changed to `Hariom Pipe Industries Private Limited` vide Special Resolution dated December 12, 2017 and a fresh Certificate of Incorporation consequent to change in name was issued on December 27, 2017 by Registrar of Companies, Hyderabad. Thereafter, Company was converted into to a Public Limited Company and consequently, name of the Company got changed to `Hariom Pipe Industries Limited` by a Special Resolution passed on January 08, 2018 and a fresh Certificate of Incorporation consequent upon conversion was issued on January 17, 2018 by the Registrar of Companies, Hyderabad. Mr. Rupesh Kumar Gupta and Mr. Sailesh Gupta are third generation entrepreneurs and founders in the Iron and Steel Industry. They have been instrumental in the growth and management of the Company. The Company is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron in South India. The Company has two manufacturing units which cater to the southern and western Indian markets for products. Unit I plant located at Mahabubnagar Dist. in Telangana manufactures finished steel products from iron scrap and sponge Iron. This plant is equipped with state-of-the-art machines and modern technology for accurately testing the products. The Unit II plant located at Anantapur Dist., Andhra Pradesh exclusively manufactures Sponge Iron. Unit II plant located near Bellary, is one of the hubs in South India for iron ore production. The iron ore required to produce Sponge Iron at Unit II is mostly procured through the online bidding process. Most of the Sponge Iron produced at the Unit II is transported to the Unit I and used as a source of raw material for manufacturing MS Billets, HR Strips, MS Pipes and Scaffolding. The manufacturing of Sponge Iron at Unit II reduced dependence on external sources for raw materials since its acquisition in September, 2020. The integration of Unit I and II have optimized operations and profitability through backward integration which helps with efficient logistics, inventory management, procurement, energy savings and quality control. The Company use iron ore to produce Sponge Iron which is then processed across various stages to manufacture final products viz. MS Pipes and Scaffolding making manufacturing process cost-effective. MS Pipes are marketed in these nations under the brand "Hariom Pipes". Substantial portion of the Sponge Iron, MS Billets and HR Strips produced by Company are used for captive consumption in the manufacturing MS Pipes and Scaffolding. The Company manufacture MS Pipes and Scaffoldings of more than 150 different specifications and cater, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power and engineering. The quality control team led by qualified chemists and engineers ensure that raw materials as well as end products are tested on all quality parameters to ensure that clients are compliant with the required market standards. They mainly sell MS Pipes through more than 200 distributors and dealers. The team sell MS Pipes and Scaffoldings to certain developers and contractors directly as B2B sales. The Company believe that its key differentiator is the product specifications in terms of thickness, length, quality, availability and customized products. The Company obtained IS 3601:2006 for steel pipes for mechanical and general engineering purposes, IS 2830:2012 for MS Billets, IS 4923:2017 for hollow steel sections for structural use. It has obtained quality management system certificates viz. ISO 9001:2015. In 2010, the Company commenced production of HR Strips and MS Tubes at Unit I. In 2011, the Company commenced production of Scaffolding at Unit I. In 2013 the Company commenced production of HR Slit Coil & MS Tubes at Unit I. During the FY 19-20, the Company acquired land admeasuring Ac 9.31 at Sy. No. 98, D. Hirehal Village & Panchayat, Rayadurgam Sub- division, Ananthapur revenue division from M/ s. S. S. P. Sponge Iron Pvt. Ltd. The Company also acquired Vacant site admeasuring Ac. 10 located at Sy. No. 98, D. Hirehal Village & Panchayat, Rayadurgam Sub- division, Ananthapur, revenue division in name of Mr. Siva Prasanth. In August 2020, the Company acquired Unit II of Sponge Iron at Anantapur, Andhra Pradesh, with a capacity of 36,000 MTPA. During FY 2020-21, the Company acquired Plant & Machinery, Factory Building (Sponge unit) form S. S. P. Sponge Iron Pvt. Ltd. located at Sy. No. 98, D. Hirehal Village & Panchayat, Rayadurgam. Also, the production of Sponge Iron has been started at the plant. In 2021, the Company was accredited ISO 9001:2015 (Quality Management System) in respect of manufacturing of MS Billets, HR Strips, MS Pipes, MS Sections, GP Pipes and Scaffoldings.

Registered Address

Plot 3-4-174/12/2 1st Floor, Samarpan Lane No. 125 Attapur, Hyderabad, Telangana, 500048

Tel : 91-40-24016101
Email : cs:hariompipes.com
Website : http://www.hariompipes.com
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543517
NSE Code : HARIOMPIPE
Book Closure Date (Month) :
BSE Group : B
ISIN : INE00EV01017

FAQ’s on Hariom Pipe Industries Ltd Shares

You can buy Hariom Pipe Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Hariom Pipe Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 25, 2024 09:39 AM the closing price of Hariom Pipe Industries Ltd was Rs.597.25.

The latest PE ratio of Hariom Pipe Industries Ltd as of Jun 25, 2024 09:39 AM is 30.44

The latest PB ratio of Hariom Pipe Industries Ltd as of Jun 25, 2024 09:39 AM is 0.27

The 52-week high of Hariom Pipe Industries Ltd share price is Rs. 740.00 while the 52-week low is Rs. 440.05

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 25, 2024 09:39 AM, the market cap of Hariom Pipe Industries Ltd stood at Rs. 1,723.96 Cr.

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