Hariom Pipe Industries Ltd

NSE
HARIOMPIPE •
BUY

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Start SIP in Hariom Pipe Industries Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

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Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
27.63% Fall from 52W High
-19.6
TTM PE Ratio
Above industry Median
27
Price to Book Ratio
Above industry Median
4.1
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is less than 1
0.6
RSI
RSI is mid-range
30.6
MFI
MFI oversold
26.8

Hariom Pipe Industries Ltd shareholding Pattern

Promoter
60.9%
Foreign Institutions
2.6%
Public
36.5%

Hariom Pipe Industries Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
540.90
10Day EMA
549.70
12Day EMA
553.50
20Day EMA
566.90
26Day EMA
575.10
50Day EMA
596.20
100Day EMA
607.60
200Day EMA
581.30
Delivery & Volume
Resistance & Support
537.83
Pivot
Resistance
First Resistance
542.62
Second Resistance
549.68
Third Resistance
554.47
Support
First Support
530.77
Second support
525.98
Third Support
518.92
Relative Strength Index
30.65
Money Flow Index
26.75
MACD
-21.63
MACD Signal
-19.20
Average True Range
20.63
Average Directional Index
39.72
Rate of Change (21)
-12.56
Rate of Change (125)
-2.27

Hariom Pipe Industries Ltd Company background

Founded in: 2007
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 stateoftheart 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 costeffective. 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 1920, 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 202021, 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.
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Hariom Pipe Industries Ltd FAQs

Hariom Pipe Industries Ltd shares are currently priced at 535.55 on NSE and 535.85 on BSE as of 2/20/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Hariom Pipe Industries Ltd [HARIOMPIPE] share was 26.66. The Hariom Pipe Industries Ltd [HARIOMPIPE] share hit a 1-year low of Rs. 386.5 and a 1-year high of Rs. 740.

The market cap of Hariom Pipe Industries Ltd is Rs. 1545.87 Cr. as of 2/20/2024 12:00:00 AM.

The PE ratios of Hariom Pipe Industries Ltd is 27.01 as of 2/20/2024 12:00:00 AM.

The PB ratios of Hariom Pipe Industries Ltd is 3.8 as of 2/20/2024 12:00:00 AM

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