Hariom Pipe
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Hariom Pipe Industries Limited is positioned for significant growth, driven by strategic capacity expansions and a focus on the thin steel segment, where it commands a 13% market share. Management's target of a 30% CAGR in volume growth from FY26 to FY27 aligns with favorable industry dynamics and the company's integrated operations model. Recent developments, including the near commissioning of a 60 MW solar power project, underscore the company's commitment to sustainability and operational efficiency. Vista's financial outlook reflects expectations of accelerating revenue growth and improving margins, supported by these strategic initiatives. However, challenges such as execution risks in new projects and competitive pressures from larger players in the steel industry could impact performance. The macro environment remains conducive, with strong manufacturing activity and favorable liquidity conditions, further supporting Hariom's growth trajectory. Over the next 12-24 months, key opportunities include expanding market reach in southern and western India and leveraging sustainability initiatives, while watchpoints include regulatory changes and volatility in input prices that may affect margins
Why We Like This Stock
- Management's target of 30% CAGR in volume growth indicates strong revenue potential
- The near commissioning of a 60 MW solar power project enhances operational efficiency and sustainability
- A strong dealer network supports market expansion in southern and western India
Things To Watch Out For
- Execution risks in new projects could hinder growth and profitability
- Competitive pressures from larger players in the steel industry may impact market share
- Regulatory changes related to environmental compliance could increase operational costs
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,360 | 1,604 | 1,667 | 1,565 | 2,039 |
| Profit Before Tax (Cr.) | 77 | 83 | 104 | 92 | 122 |
| PBT Margin | 5.7% | 5.2% | 623.9% | 5.9% | 6.0% |
| Net Profit (Cr.) | 62 | 64 | 76 | 67 | 89 |
| Earnings Per Share | 19.9 | 20.7 | 24.5 | 21.7 | 28.7 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
Show Company Profile
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, pre galvanized, hot rolled pickled and oiled, and cold rolled closed annealed slit coils. The company also provides scaffolding solutions, such as cuplocks, telescopic props/adjustable props/jacks, spans/acro spans/telescopic spans/adjustable spans, H frame systems, fixed base plates, adjustable base plates, stirrup head/universal jacks, spigot/joint pins, jalli/plank/platform products, and clamps/ couplers. It offers its products for various applications, including chemical, construction, automotive, manufacturing, infrastructure, steel manufacturing, ferroalloy production, powder metallurgy, furniture and interior design, fabrication, maintenance, events, metal fabrication, automotive parts manufacturing, industrial, irrigation, plumbing systems, agricultural machinery, roofing, industrial equipment, and transportation. Hariom Pipe Industries Limited was incorporated in 2007 and is based in Hyderabad, India.