# Hariom Pipe Industries share price today (Hariom Pipe Industries Ltd, NSE: HARIOMPIPE)

> Hariom Pipe Industries share price today: ₹327.50 at the NSE close on 3 November 2026, down 27.3% in a year. Hariom Pipe Industries (NSE: HARIOMPIPE) is worth ₹1,015 crore, trades at a P/E of 14.5 and has closed between ₹280.75 and ₹441.75 over the past 52 weeks. > Hariom Pipe Industries Ltd's P/E is near the low end of its own history, higher than only 2% of past readings, and its quarterly results are still getting worse. HARIOMPIPE · Steel - Tubes/Pipes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/hariom-pipe-industries-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹327.50 (−27.3% in a year)
- P/E: 14.5× (lower than 98% of the last 4.5 years)
- Revenue (Jun 2026): ₹429 Cr (−6.9% on a year ago)
- Profit (Jun 2026): ₹17.0 Cr (−29.2% on a year ago)
- Operating margin: 12.0% (flat on a year ago)
- ROCE: 16%, FY26
- ROIC: 9.4%, against a 12.0% cost of capital: −2.6 points

The main question: yearly earnings per share moved +22.9% while the share price moved −27.3%. ## What is the Hariom Pipe Industries share price today? Hariom Pipe Industries Ltd's share price was ₹327.50 at the close on 3 November 2026. It has been falling for 9 weeks. That is 10.9% 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 29% of the way up from that low. 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 +42% 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. ## What changed at Hariom Pipe Industries this quarter? 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. ## What are Hariom Pipe Industries' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹429 crore | ₹461 crore | −6.9% |
| Profit | ₹17.0 crore | ₹24.0 crore | −29.2% |
| Earnings per share | ₹5.61 | ₹7.62 | −26.4% |
| Operating margin | 12.0% | 12.0% | 0.0 points |

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.)

## What is the Hariom Pipe Industries share price history? Hariom Pipe Industries closed at ₹327.50 on 3 November 2026, down 27.3% from ₹450.20 a year earlier (31 October 2025) and down 47.5% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹300.20 | +9.1% |
| 1 month ago · 1 Oct 2026 | ₹332.35 | −1.5% |
| 6 months ago · 30 Apr 2026 | ₹332.75 | −1.6% |
| 1 year ago · 31 Oct 2025 | ₹450.20 | −27.3% |
| 3 years ago · 3 Nov 2023 | ₹623.85 | −47.5% |
| Earliest weekly close in our records · 13 Apr 2022 | ₹231.00 | +41.8% |
| Highest weekly close since April 2022 · 23 Aug 2024 | ₹820.15 | −60.1% |
| Lowest weekly close since April 2022 · 17 Jun 2022 | ₹185.60 | +76.5% |
| 52-week high (weekly close) · 16 Jan 2026 | ₹441.75 | −25.9% |
| 52-week low (weekly close) · 10 Apr 2026 | ₹280.75 | +16.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (242 weekly closes from 13 April 2022 to 3 November 2026.)

## What is the latest news on Hariom Pipe Industries? 3 Nov 2026: Hariom Pipe Industries closed at ₹327.50, up 9.1% on the week and down 1.5% 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. ## What dividend does Hariom Pipe Industries pay? Hariom Pipe Industries paid ₹0.75 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.23% at the ₹327.50 close on 3 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 23 Sep 2026 | ₹0.75 | Dividend | same day |
| 23 Sep 2025 | ₹0.61 | Dividend | same day |
| 13 Sep 2024 | ₹0.60 | Dividend | 16 Sep 2024 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Hariom Pipe Industries management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/33099-28-Sep-2026.pdf). (From the call for April to June 2026, 28 September 2026.)

## What to watch in Hariom Pipe Industries' next results? 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. - What to check (from the call)
- Q2 volume recovery after Perundurai restart - check whether supply-chain rebuilding restores the lost run-rate and supports the FY27 revenue framework. - Blended operating profit per ton near the indicated level - check whether MS tube and OEM mix offsets purchased-HRC economics. - Solar revenue recognition from Q2 - check commissioning progress, PPA receipts and central subsidy reimbursement. - Anantapur project start or brownfield/greenfield decision - check whether management discloses a concrete capacity-addition timetable. ## Which stock lists is Hariom Pipe Industries on? Hariom Pipe Industries is not on any of our India lists this week. ## Is Hariom Pipe Industries profitable? 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. 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. ## How much revenue does Hariom Pipe Industries make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Hariom Pipe Industries keep? 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. 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. ## Is Hariom Pipe Industries' profit turning into cash? 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. 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. ## Where does Hariom Pipe Industries' cash go? 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. 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. ## What is Hariom Pipe Industries' P/E ratio, and how does it compare with its own history? Hariom Pipe Industries Ltd's P/E is 14.5×, about the lowest it has ever been. 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. Why the multiple is where it is: over the past year earnings per share moved +22.9% while the price moved −27.3%. 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 −19.3% a year; about +6.1% a year came from earnings growth and about −25.4 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. ## Is the Hariom Pipe Industries business getting better or worse? 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. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Hariom Pipe Industries earn on its capital? 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. 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. ## Does Hariom Pipe Industries have too much debt? 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. ## What is the Hariom Pipe Industries shareholding pattern? 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. 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%. ## How far is Hariom Pipe Industries from balance-sheet trouble? 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. ## How does Hariom Pipe Industries rank in its industry? 47.5 out of 100, rank 9 of 15 in Steel - Tubes/Pipes, with 81% of the evidence available. Hariom Pipe Industries Ltd scores 47.5 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 + 15.7 + 10.3 + 8.4 = 47.5. 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. ## Which companies is Hariom Pipe Industries compared with? Hariom Pipe Industries ranks 9 of 15 Steel - Tubes/Pipes companies on the 4-Factor Sector Score, with 47.5 out of 100. 1. [Sambhv Steel Tubes Ltd](https://www.sectoralpha.in/stocks/sambhv-steel-tubes-ltd) SAMBHV · breaking out · Most evidence points up · 93% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Revenue 41.9% · Profit 100% · Operating margin change 2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 19.1% · Operating margin 12% · 100% evidence Valuation 9.6/20 · P/E 22.7× · PEG 1.74 · 65% evidence Relative strength 19.3/20 · Lead over its industry 27.9% · Lead over NIFTY 500 39% · 1 year 35.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.4 + 15.8 + 9.6 + 19.3 = 74.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [APL Apollo Tubes Ltd](https://www.sectoralpha.in/stocks/apl-apollo-tubes-ltd) APLAPOLLO · breaking out · Most evidence points up · 100% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 14.9% · Profit 24.8% · Operating margin change 0 points · 100% evidence Capital efficiency 20.8/25 · ROCE 31.8% · Operating margin 8% · 100% evidence Valuation 10.4/20 · P/E 45.9× · PEG 0.92 · 100% evidence Relative strength 15.4/20 · Lead over its industry 3.8% · Lead over NIFTY 500 14.7% · 1 year 20.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.5 + 20.8 + 10.4 + 15.4 = 69.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Man Industries (India) Ltd](https://www.sectoralpha.in/stocks/man-industries-indialtd) MANINDS · leader · Most evidence points up · 96% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 10.8% · Profit 25.9% · Operating margin change 7 points · 88% evidence Capital efficiency 14.9/25 · ROCE 16.2% · Operating margin 14% · 100% evidence Valuation 11.1/20 · P/E 26.6× · PEG 0.22 · 100% evidence Relative strength 19.7/20 · Lead over its industry 31% · Lead over NIFTY 500 40% · 1 year 76.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.2 + 14.9 + 11.1 + 19.7 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) GANDHITUBE · breaking out · Most evidence points up · 96% evidence 67.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue 11.1% · Profit 13.6% · Operating margin change 4 points · 88% evidence Capital efficiency 19.8/25 · ROCE 28.4% · Operating margin 47% · 100% evidence Valuation 16.6/20 · P/E 13.1× · PEG 0.85 · 100% evidence Relative strength 11.4/20 · Lead over its industry -1.2% · Lead over NIFTY 500 8.5% · 1 year -0.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.1 + 19.8 + 16.6 + 11.4 = 67.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [DEE Development Engineers Ltd](https://www.sectoralpha.in/stocks/dee-development-engineers-ltd) DEEDEV · quiet · Evidence leans up · 89% evidence 60.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 40.1% · Profit 50% · Operating margin change 1 points · 88% evidence Capital efficiency 9.1/25 · ROCE 10.7% · Operating margin 17% · 100% evidence Valuation 13.6/20 · P/E 46.6× · PEG 0.62 · 65% evidence Relative strength 11.8/20 · Lead over its industry 14.2% · Lead over NIFTY 500 20.2% · 1 year 96.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.4 + 9.1 + 13.6 + 11.8 = 60.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Venus Pipes & Tubes Ltd](https://www.sectoralpha.in/stocks/venus-pipes-tubes-ltd) VENUSPIPES · leader · Evidence leans up · 96% evidence 58.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 21.9% · Profit 14.3% · Operating margin change 0 points · 88% evidence Capital efficiency 20.8/25 · ROCE 21.3% · Operating margin 16% · 100% evidence Valuation 4.1/20 · P/E 39.9× · PEG 3.94 · 100% evidence Relative strength 17.3/20 · Lead over its industry 22.1% · Lead over NIFTY 500 31.6% · 1 year 41.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.1 + 20.8 + 4.1 + 17.3 = 58.3 · What this means: Relative strength against the index is 31.6%, and revenue and profit growth are weak. 7. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) JTLIND · breaking out · Evidence leans up · 78% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 19% · Profit 42.4% · Operating margin change 3.7 points · 83% evidence Capital efficiency 7.9/25 · ROCE 9.6% · Operating margin 8% · 76% evidence Valuation 12.4/20 · P/E 25.4× · PEG n/a · 50% evidence Relative strength 13.2/20 · Lead over its industry 3.4% · Lead over NIFTY 500 12.7% · 1 year 15.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.6 + 7.9 + 12.4 + 13.2 = 56.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Goodluck India Ltd](https://www.sectoralpha.in/stocks/goodluck-india-ltd) GOODLUCK · breaking out · Evidence leans up · 100% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue 18.8% · Profit 31.3% · Operating margin change 0 points · 100% evidence Capital efficiency 12.8/25 · ROCE 14.4% · Operating margin 9% · 100% evidence Valuation 9.7/20 · P/E 23.4× · PEG 0.94 · 100% evidence Relative strength 13.1/20 · Lead over its industry 10.3% · Lead over NIFTY 500 20% · 1 year 17.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.4 + 12.8 + 9.7 + 13.1 = 56 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. Hariom Pipe Industries Ltd this page HARIOMPIPE · quiet · Evidence leans down · 81% evidence 47.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 10.8% · Profit 1.5% · Operating margin change 0 points · 88% evidence Capital efficiency 15.7/25 · ROCE 15.7% · Operating margin 12% · 100% evidence Valuation 10.3/20 · P/E 13.8× · PEG 3.05 · 100% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.6% · 1 year -30.9% · 25% evidence · 1 of 12 weeks ahead Exact sum: 13.1 + 15.7 + 10.3 + 8.4 = 47.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Maharashtra Seamless Ltd](https://www.sectoralpha.in/stocks/maharashtra-seamless-ltd) MAHSEAMLES · losing its lead · Evidence leans down · 96% evidence 43.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.0/35 · Revenue -12.2% · Profit -16.1% · Operating margin change 2 points · 88% evidence Capital efficiency 12.2/25 · ROCE 14.3% · Operating margin 16% · 100% evidence Valuation 15.7/20 · P/E 9.8× · PEG 0.78 · 100% evidence Relative strength 5.6/20 · Lead over its industry -13.8% · Lead over NIFTY 500 -5.3% · 1 year -5.2% · 100% evidence · 6 of 12 weeks ahead Exact sum: 10 + 12.2 + 15.7 + 5.6 = 43.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. [Scoda Tubes Ltd](https://www.sectoralpha.in/stocks/scoda-tubes-ltd) SCODATUBES · quiet · Evidence leans down · 64% evidence 43.2 out of 100 Growth Capital Valuation Relative
12. [Surya Roshni Ltd](https://www.sectoralpha.in/stocks/surya-roshni-ltd) SURYAROSNI · basing · Evidence leans down · 96% evidence 39.1 out of 100 Growth Capital Valuation Relative
13. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) HITECH · basing · Most evidence points down · 96% evidence 34.4 out of 100 Growth Capital Valuation Relative
14. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) WELSPLSOL · losing its lead · Most evidence points down · 83% evidence 28.9 out of 100 Growth Capital Valuation Relative
15. [Rama Steel Tubes Ltd](https://www.sectoralpha.in/stocks/rama-steel-tubes-ltd) RAMASTEEL · quiet · Most evidence points down · 96% evidence 24.2 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/steel-tubes-pipes), all 15 compared on one page. ## Which companies are close to Hariom Pipe Industries in size? 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

1. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) ₹2,915 crore
2. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) ₹2,469 crore
3. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) ₹1,390 crore
4. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) ₹986 crore
5. Hariom Pipe Industries Ltd ₹964 crore
6. [Scoda Tubes Ltd](https://www.sectoralpha.in/stocks/scoda-tubes-ltd) ₹628 crore
7. [Rama Steel Tubes Ltd](https://www.sectoralpha.in/stocks/rama-steel-tubes-ltd) ₹614 crore

[All 15 Steel - Tubes/Pipes companies, largest first](https://www.sectoralpha.in/sectors/steel-tubes-pipes#all-companies)

### Companies close in size in other industries

1. [Digitide Solutions Ltd](https://www.sectoralpha.in/stocks/digitide-solutions-ltd) ₹966 crore · IT Enabled Services/Business Process Outsourcing
2. [B-Right RealEstate Ltd](https://www.sectoralpha.in/stocks/b-right-realestate-ltd) ₹964 crore · Construction - Factories/Offices/Commercial
3. Hariom Pipe Industries Ltd ₹964 crore
4. [TCC Concept Ltd](https://www.sectoralpha.in/stocks/tcc-concept-ltd) ₹961 crore · Miscellaneous
5. [Western Carriers (India) Ltd](https://www.sectoralpha.in/stocks/western-carriers-indialtd) ₹960 crore · Logistics

## What else do people ask about Hariom Pipe Industries? ### What is Hariom Pipe Industries's share price today? Hariom Pipe Industries Ltd's share price is ₹327.50, −27.3% over the past year. The whole company is worth ₹1,015 Cr on the market. In the last 52 weeks it traded between ₹281 to ₹442; today it is 29% of the way up from the low, 10.9% below its 200-day average (as of 3 November 2026). ### What were Hariom Pipe Industries's latest quarterly results? Hariom Pipe Industries Ltd reported revenue of ₹429 Cr and net profit of ₹17.0 Cr for the Jun 2026 quarter. Revenue fell 6.9% and profit fell 29.2% compared with a year earlier. Earnings per share were ₹5.61. The operating margin was 12.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Hariom Pipe Industries's market cap? Hariom Pipe Industries Ltd's market capitalisation is ₹1,015 Cr at a share price of ₹327.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Hariom Pipe Industries performing? Hariom Pipe Industries Ltd's share price has been falling for 9 weeks. In its latest quarter, revenue fell 6.9% and profit fell 29.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 16 weeks running (as of 3 November 2026). ### Will Hariom Pipe Industries's share price go up? This page does not forecast Hariom Pipe Industries Ltd's share price. What it shows instead: the share price is ₹327.50, and it has been falling for 9 weeks. Its P/E of 14.5× is higher than 2% of its own last 5 years (as of 3 November 2026). ### Who owns Hariom Pipe Industries? Promoters own 57.3% of Hariom Pipe Industries Ltd, foreign institutions 10.4%, domestic institutions 0.1% and the public 32.3% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Hariom Pipe Industries have too much debt? Hariom Pipe Industries Ltd has a moderate amount of debt: its debt is 0.57× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹369 Cr against equity of ₹647 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Hariom Pipe Industries in its business cycle? Hariom Pipe Industries Ltd's FY26 operating margin was 13.0%, against a 10-year range of 8.0% to 15.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Hariom Pipe Industries story? The main question: yearly earnings per share moved +22.9% while the share price moved −27.3%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Hariom Pipe Industries a stock worth studying right now? What the numbers show: Hariom Pipe Industries Ltd's P/E is near the low end of its own history, higher than only 2% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Hariom Pipe Industries share price forecast for 2026? What management itself guided: FY27 volume broadly similar to last year after the 110-day Perundurai loss; revenue growth near 25% if market rates rise. This is research, not advice. We’re not SEBI-registered.