Hariom Pipe Industries Limited (HARIOMPIPE) Fair Value & Analysis

Basic Materials · IN · Market cap ₹12.3B

Below-average quality, screening 18% undervalued on our models.

What matters now

• Our model range runs from ₹311.71 (bear) to ₹519.51 (bull), base ₹415.61. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 43/100 (below-average quality) with high evidence: the data supports the verdict.

Price vs Fair Value (4 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

52‑month range ₹181.56 – ₹867.06 · fair‑value band ₹311.71 – ₹519.51 · the ₹351.90 price screens below the ₹415.61 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hariom Pipe Industries Limited (HARIOMPIPE) currently trades at ₹351.90, while our model-based Fair Value estimate is ₹415.61, implying the stock looks roughly 18.1% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Hariom Pipe Industries Limited generated revenue of ₹16.7B at a net margin of 4.5%. Revenue grew 26.9% year over year. It earns a return on equity of 12.4%. Net debt stands at ₹4.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹311.71 (bear case) to ₹519.51 (bull case); at ₹351.90, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at 18%, HARIOMPIPE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (₹1,014) versus Dividend Discount (₹9.82). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

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 …

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Hariom Pipe Industries Limited reported revenue of ₹16.7B in FY2026 versus ₹4.3B in FY2022, a compound +40.3%/yr. Reported net income was ₹757M in FY2026, compounding +24.1%/yr from FY2022.

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Peer Group

Steel · 380 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Steel median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.