Hariom Pipe Industries share price today

Hariom Pipe Industries Ltd's share price was ₹338.10 at the close on 4 November 2026. It has been falling for 9 weeks. That is 8.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹281 and ₹442, and at that close it sat 36% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Hariom Pipe Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running.

Over the last 4.6 years the share price moved +46% while the NIFTY 500 moved +47%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Revenue fell in the June 2026 quarter

   Revenue was ₹429 crore, -6.9% on a year earlier (₹461 crore), after 8 quarters of growth.

   Why: Revenue fell because Perundurai was shut for 110 days and the lost sales could not be made up.

   Next results: check whether sales volume recovers now that Perundurai is running again and supply chains are rebuilt.

   From the earnings call on 28 Sep 2026.

3. Profit fell in the June 2026 quarter

   Profit was ₹17 crore, -29.2% on a year earlier (₹24 crore), after 2 quarters of growth.

   Why: Profit fell because the Perundurai plant was shut and the business lost sales volume, while profitability was constrained.

   Next results: check whether more sales of MS tubes and products for vehicle makers lift profit per ton to about ₹7,500.

   From the earnings call on 28 Sep 2026.

For April to June 2026 (the quarter ended 30 June 2026), Hariom Pipe Industries reported revenue of ₹429 crore, down 6.9% from ₹461 crore a year earlier, and a profit of ₹17.0 crore, down 29.2% from ₹24.0 crore.

Hariom Pipe Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Hariom Pipe Industries' management discussed these results on a call held on 28 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Hariom Pipe Industries closed at ₹338.10 on 4 November 2026, down 21.2% from ₹428.90 a year earlier (7 November 2025) and down 45.8% over three years. Its highest weekly close since April 2022 was ₹820.15 on 23 August 2024.

Hariom Pipe Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

242 weekly closes from 13 April 2022 to 4 November 2026.

4 Nov 2026: Hariom Pipe Industries closed at ₹338.10, up 8.7% on the week and up 1.7% on the month. 28 Sep 2026: Hariom Pipe Industries held its results call for April to June 2026. Management guided: FY27 volume broadly similar to last year after the 110-day Perundurai loss; revenue growth near 25% if market rates rise.

Earlier

• 23 Sep 2026: ex-date for a dividend of ₹0.75 a share.
• Results for April to June 2026: Revenue down 6.9% and profit down 29.2% on a year earlier.

Hariom Pipe Industries paid ₹0.75 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.22% at the ₹338.10 close on 4 November 2026. The last was a dividend of ₹0.75 a share, ex-date 23 September 2026.

Hariom Pipe Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Hariom Pipe Industries Ltd paid out 3% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 10 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, Hariom Pipe Industries' management guided: FY27 volume broadly similar to last year after the 110-day Perundurai loss; revenue growth near 25% if market rates rise.

“No, 25% is not possible if we keep the same volume, because we lost 110 days, and that cannot be recovered.”Amitabh Bhattacharya, CFO, on the call for April to June 2026

What management guided

• FY27 absolute operating profit growth approximately 10%, despite similar volume, driven by MS tube and OEM product mix.
• FY27 blended operating profit per ton around ₹7,500.
• FY27 capital spending cited at ₹60-70 crore, versus an earlier ₹70-80 crore reference; Anantapur adds no current-year volume, with output 12-18 months after project start.
• Solar portfolio revenue recognition from Q2; annual revenue ₹32-33 crore and operating margin above 94%.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026.

When Hariom Pipe Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 volume recovery after Perundurai restart - check whether supply-chain rebuilding restores the lost run-rate and supports the FY27 revenue framework.

Hariom Pipe Industries is not on any of our India lists this week.

Hariom Pipe Industries Ltd earned ₹17.0 Cr of net profit in the Jun 2026 quarter, −29.2% on the same quarter a year earlier. Full-year FY26 profit was ₹76.0 Cr. Over 9 years profit has grown 49.8% a year on average. That is 4.0% of the quarter's revenue. The same quarter a year earlier earned ₹24.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹76.0 Cr (+22.6% on the year before).

Why profit moved: revenue changed −6.9% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +4.7% and revenue +12.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

Hariom Pipe Industries Ltd reported ₹429 Cr of revenue in the Jun 2026 quarter, −6.9% on the same quarter a year earlier. Over 9 years it has grown 38.8% a year on average. The last full year, FY26, came in at ₹1,667 Cr. The last four reported quarters add to ₹1,635 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,667 Cr, +22.8% on the year before.

Recent pace: the last four quarters grew +12.0% on average, against 38.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +10.8%, against +14.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +1.5%, against +7.2% a year (rolling over).

Hariom Pipe Industries Ltd's operating margin was 12.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 10 years it has been between 8.0% and 15.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed −0.9 percentage points on the year while gross margin changed −0.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 142% of Hariom Pipe Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹192 Cr of operating cash against ₹76.0 Cr of profit. After ₹123 Cr of spending on assets, ₹69.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 142% of profit came in as cash: the cash cycle got 66 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.7× depreciation over three years. The next section checks what that spending is building.

Hariom Pipe Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 127 days in FY26, down from 193 days in FY21. It spent ₹405 Cr on assets over the last 3 years. Customers take 41 days to pay, and stock sits for 118 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,667 Cr, each day of that cycle ties up about ₹4.6 Cr, so roughly ₹580 Cr is tied up in the business at any time.

FY26: customers took 41 days to pay and stock sat for 118 days, about 3.9 months of sales sitting as stock, for a full cycle of 127 days, shorter than FY21's 193.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 118 days. Customers pay about 41 days after that. Suppliers are paid at 33 days. Together that makes the 127-day cycle.

Spending on assets: ₹405 Cr over the last 3 years, against ₹149 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹15.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Hariom Pipe Industries Ltd's P/E is 15.0×, near the low end of its own history: it has been lower only 3% of the time. Its usual P/E (the middle reading) is 25.1×, over 4.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +22.9% while the price moved −21.2%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved −18.5% a year; about +6.1% a year came from earnings growth and about −24.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Hariom Pipe Industries Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 19.7%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Hariom Pipe Industries Ltd earned a ROCE of 16% in FY26. That is up from a low of 14% in FY25. Its return on capital used (ROIC) is 2.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 4.6% net margin and 1.41× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 4.6% net margin × 1.41× asset turnover × 1.83× leverage (assets divided by equity) ≈ 11.9% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 9.4% − 12.0% = −2.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 9.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 11.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Hariom Pipe Industries Ltd has total debt of ₹404 Cr against shareholder equity of ₹649 Cr as of Jun 2026, so its debt is 0.62× its equity. Year by year, that ratio went from 0.86 in FY22 to 0.62 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Hariom Pipe Industries Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved −0.3 points over the same period, to 0.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: +0.8 points over 8 quarters, to 10.4%; Domestic institutions: −0.3 points over 8 quarters, to 0.1%; Promoters: +0.1 points over 8 quarters, to 57.3%.

For Hariom Pipe Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

45.0 out of 100, rank 9 of 15 in Steel - Tubes/Pipes, with 81% of the evidence available.

Hariom Pipe Industries Ltd scores 45.0 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 13.1 + 13.2 + 10.3 + 8.4 = 45. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Hariom Pipe Industries ranks 9 of 15 Steel - Tubes/Pipes companies on the 4-Factor Sector Score, with 45.0 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Steel - Tubes/Pipes, all 15 compared on one page.

Hariom Pipe Industries is the 13th largest of 15 Steel - Tubes/Pipes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: JTL Industries, Welspun Specialty Solutions, Hi-Tech Pipes and Gandhi Special Tubes. Just below it: Scoda Tubes and Rama Steel Tubes.

Steel - Tubes/Pipes companies close in size

9. JTL Industries Ltd ₹2,915 crore
10. Welspun Specialty Solutions Ltd ₹2,469 crore
11. Hi-Tech Pipes Ltd ₹1,390 crore
12. Gandhi Special Tubes Ltd ₹1,017 crore
13. Hariom Pipe Industries Ltd ₹964 crore
14. Scoda Tubes Ltd ₹628 crore
15. Rama Steel Tubes Ltd ₹614 crore

All 15 Steel - Tubes/Pipes companies, largest first

Companies close in size in other industries

1617. Digitide Solutions Ltd ₹966 crore · IT Enabled Services/Business Process Outsourcing
1618. B-Right RealEstate Ltd ₹964 crore · Construction - Factories/Offices/Commercial
1619. Hariom Pipe Industries Ltd ₹964 crore
1620. TCC Concept Ltd ₹961 crore · Miscellaneous
1621. Western Carriers (India) Ltd ₹960 crore · Logistics

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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