Hariom Pipes Share Price Target 2025: This article is going to mainly focus on Hariom Pipes Share Price Target 2024, 2025, 2026, 2028, 2030, 2040 to 2050. Along with this, we will also discuss in detail the company’s Fundamental, Share Price Growth Chart, Income Report, Balance Sheet, Quarterly Report. So that the right decision can be taken whether to invest in the company or not.
About Hariom Pipes
Hariom Pipe Industries Ltd was established by Late Shri Hariom Gupta in 1962. It is under his guidance that Mr. Rupesh Kumar Gupta and Mr. Shailesh Gupta have excelled to become the leading manufacturers of iron and steel products in India.
The headquarters of Hariom Pipe Industries Ltd is located in Hyderabad, South India. It has a diverse product portfolio which mainly includes Mild Steel (MS) Billets, HR Pipes, CR Pipes, GP Pipes, GI Pipes, Hot Rolled (HR) Coils, Cold Rolled (CR) Coils, Pre-Galvanized (GP) Coils, and Scaffolding systems.
Hariom Pipes Fundamental
Hariom Pipes, a company with a market capitalization of Rs 2,204Cr, has grown its TTM EPS by +9.67% YoY in the last one year and has also given a return on its equity of 12.23%. The company has also made good use of its capital and has given a significant return of 18.51% on its capital in the last 1 year.
Hariom Pipes’ Sales Growth in the last one year has been 79.32% and Profit Growth has been 21.73% which reflects its strong fundamentals.
| Company Name | Hariom Pipe Industries Ltd. |
| Sector | Iron & Steel |
| Established | 1962 |
| Website | hariompipes.com |
| Listing At | NSE and BSE |
| Mkt Cap | 2,204Cr. |
| ROE | 12.23% |
| ROCE | 18.51% |
| 52 Week High | ₹746.95 |
| 52 Week Low | ₹440.05 |
| P/E Ratio (TTM) | 38.81 |
| P/B Ratio | 4.73 |
| Face Value | 10 |
| Book Value Per Share | 150.59 |
| EPS (TTM) | ₹19.68 |
| Dividend Yield | 0.08 |
| Net Sales | 1,153Cr. |
| Sales Growth | 79.32% |
| Net Profit (Anual) | 56Cr. |
| Profit Growth | 21.73% |
Hariom Pipes Share Price Target 2024, 2025, 2026, 2028, 2030, 2040 and 2050
Hariom Pipes Share Price Target 2024
| Month | Minimum Target | Maximum Target |
|---|---|---|
| January | ₹605 | ₹615 |
| February | ₹520 | ₹600 |
| March | ₹450 | ₹520 |
| April | ₹480 | ₹580 |
| May | ₹540 | ₹590 |
| June | ₹560 | ₹588 |
| July | ₹600 | ₹680 |
| August | ₹625 | ₹655 |
| September | ₹630 | ₹660 |
| October | ₹645 | ₹690 |
| November | ₹655 | ₹695 |
| December | ₹665 | ₹700 |
Hariom Pipes Share Price Target 2025
| Month | Minimum Target | Maximum Target |
|---|---|---|
| January | ₹650 | ₹680 |
| February | ₹645 | ₹660 |
| March | ₹650 | ₹680 |
| April | ₹675 | ₹700 |
| May | ₹685 | ₹705 |
| June | ₹700 | ₹735 |
| July | ₹705 | ₹740 |
| August | ₹715 | ₹725 |
| September | ₹720 | ₹745 |
| October | ₹735 | ₹755 |
| November | ₹750 | ₹780 |
| December | ₹755 | ₹790 |
Hariom Pipes Share Price Target 2026
| Month | Minimum Target | Maximum Target |
|---|---|---|
| January | ₹750 | ₹785 |
| February | ₹735 | ₹760 |
| March | ₹740 | ₹755 |
| April | ₹755 | ₹780 |
| May | ₹775 | ₹790 |
| June | ₹785 | ₹810 |
| July | ₹800 | ₹835 |
| August | ₹820 | ₹850 |
| September | ₹815 | ₹835 |
| October | ₹810 | ₹825 |
| November | ₹820 | ₹845 |
| December | ₹840 | ₹885 |
Also Read: Strong growth, Jio Finance shares will make you a millionaire.
Hariom Pipes Share Price Target 2028
| Month | Minimum Target | Maximum Target |
|---|---|---|
| January | ₹955 | ₹970 |
| February | ₹960 | ₹985 |
| March | ₹940 | ₹965 |
| April | ₹935 | ₹960 |
| May | ₹955 | ₹980 |
| June | ₹975 | ₹1005 |
| July | ₹985 | ₹1020 |
| August | ₹990 | ₹1025 |
| September | ₹1002 | ₹1035 |
| October | ₹1020 | ₹1050 |
| November | ₹1035 | ₹1065 |
| December | ₹1030 | ₹1055 |
Hariom Pipes Share Price Target 2030
| Month | Minimum Target | Maximum Target |
|---|---|---|
| January | ₹1280 | ₹1295 |
| February | ₹1290 | ₹1320 |
| March | ₹1300 | ₹1350 |
| April | ₹1320 | ₹1355 |
| May | ₹1335 | ₹1370 |
| June | ₹1330 | ₹1345 |
| July | ₹1340 | ₹1360 |
| August | ₹1355 | ₹1370 |
| September | ₹1365 | ₹1405 |
| October | ₹1380 | ₹1425 |
| November | ₹1395 | ₹1420 |
| December | ₹1385 | ₹1402 |
Hariom Pipes Share Price Target 2040
| Month | Minimum Target | Maximum Target |
|---|---|---|
| January | ₹2155 | ₹2180 |
| February | ₹2165 | ₹2195 |
| March | ₹2150 | ₹2170 |
| April | ₹2152 | ₹2175 |
| May | ₹2160 | ₹2186 |
| June | ₹2180 | ₹2210 |
| July | ₹2200 | ₹2260 |
| August | ₹2215 | ₹2250 |
| September | ₹2235 | ₹2270 |
| October | ₹2260 | ₹2290 |
| November | ₹2285 | ₹2320 |
| December | ₹2300 | ₹2350 |
Hariom Pipes Share Price Target 2050
| Month | Minimum Target | Maximum Target |
|---|---|---|
| January | ₹3235 | ₹3280 |
| February | ₹3250 | ₹3285 |
| March | ₹3255 | ₹3290 |
| April | ₹3220 | ₹3250 |
| May | ₹3225 | ₹3240 |
| June | ₹3240 | ₹3290 |
| July | ₹3285 | ₹3320 |
| August | ₹3300 | ₹3355 |
| September | ₹3350 | ₹3420 |
| October | ₹3380 | ₹3430 |
| November | ₹3405 | ₹3455 |
| December | ₹3400 | ₹3480 |
Hariom Pipes Share Price Target: Export Opinion
Hariom Pipes Profit/Loss
Hariom Pipes has been successful in generating profits continuously for the last 3 years. It has generated a total profit of Rs 56.80Cr in FY 2024. This year its profit growth has been 21.73%. The company’s revenue has also been continuously increasing. Its total revenue in FY 2024 has been 1,158.38Cr and total expenses 1,081.02Cr.
| Profit/Loss | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|
| 12 mths | 12 mths | 12 mths | |
| Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax | 77.36 | 62.83 | 42.54 |
| Profit/Loss Before Tax | 77.36 | 62.83 | 42.54 |
| Profit/Loss After Tax And Before ExtraOrdinary Items | 56.80 | 46.21 | 31.96 |
| Profit/Loss From Continuing Operations | 56.80 | 46.21 | 31.96 |
| Profit/Loss For The Period | 56.80 | 46.21 | 31.96 |
Hariom Pipes Listing Date
Hariom Pipes was successfully listed on the Indian market NSE and BSE on 13-Apr-2022 at a price of ₹220. Since its listing, it has given very good returns to its investors.
Hariom Pipes Share Price History
The company was established in 1962 but it was listed on the Indian markets NSE and BSE on 13-Apr-2022 at ₹220. Within a few years of its listing, there was a significant rise in its share price, today its share price is Rs 715.
Its share price has increased by 19.11% in the last 1 year and this year (YTD) its share price has increased by 10.31%. Whereas in the last 1 month, an increase of 17.88% has been reported in its share price. From which it can be expected that it can give good returns to long term investors in future.
Hariom Pipes Share Price Growth Chart
The easiest and best way to understand the growth of any stock is to analyze its Share Price Growth Chart. Here the Share Price Growth Chart of Hariom Pipes shows how the price of this share has been continuously increasing. It has given very good returns to its investors every year.
Hariom Pipes Quarterly Report
| Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
| Sales + | 332.07Cr. | 282.00Cr. | 303.09Cr. | 241.23Cr. |
| Expenses + | 308.48Cr. | 268.20Cr. | 282.87Cr. | 221.48Cr. |
| EBITDA | 43.19Cr. | 34.59Cr. | 36.78Cr. | 29.23Cr. |
| EBIT | 33.53Cr. | 24.97Cr. | 27.40Cr. | 24.04Cr. |
| Net Profit | 16.77Cr. | 9.81Cr. | 14.78Cr. | 15.44Cr. |
| Profit Before Tax | 23.59Cr. | 13.79Cr. | 20.23Cr. | 19.75Cr. |
| Operating Profit Margin | 13.05% | 12.35% | 12.17% | 12.17% |
| Net Profit Margin | 5.07% | 3.50% | 4.89% | 6.43% |
| Earning Per Share | ₹5.42 | ₹3.17 | ₹4.77 | ₹4.99 |
| Depreciation | 10 | 10 | 9 | 5 |
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 |
Hariom Pipes Profit/Loss – Last 3 Years Report
Hariom Pipes Income Report
| Profit & Loss account of Hariom Pipe Industries (in Rs. Cr.) | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|
| 12 mths | 12 mths | 12 mths | |
| INCOME | |||
| Revenue From Operations [Gross] | 1,153.19 | 643.71 | 430.57 |
| Less: Excise/Sevice Tax/Other Levies | 0.00 | 0.00 | 0.00 |
| Revenue From Operations [Net] | 1,153.19 | 643.71 | 430.57 |
| Total Operating Revenues | 1,153.19 | 643.71 | 430.57 |
| Other Income | 5.20 | 0.75 | 2.72 |
| Total Revenue | 1,158.38 | 644.46 | 433.28 |
Hariom Pipes Expenses
| EXPENSES | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|
| 12 mths | 12 mths | 12 mths | |
| Cost Of Materials Consumed | 946.42 | 494.72 | 311.03 |
| Purchase Of Stock-In Trade | 15.84 | 0.00 | 0.00 |
| Operating And Direct Expenses | 0.00 | 0.00 | 0.00 |
| Changes In Inventories Of FG,WIP And Stock-In Trade | -75.95 | -31.67 | -20.05 |
| Employee Benefit Expenses | 44.68 | 22.49 | 21.36 |
| Finance Costs | 32.56 | 10.38 | 8.19 |
| Depreciation And Amortisation Expenses | 33.87 | 9.42 | 8.11 |
| Other Expenses | 83.60 | 76.29 | 62.10 |
| Total Expenses | 1,081.02 | 581.63 | 390.74 |
Other Additional Information
| OTHER ADDITIONAL INFORMATION | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|
| 12 mths | 12 mths | 12 mths | |
| EARNINGS PER SHARE | |||
| Basic EPS (Rs.) | 20.34 | 18.30 | 18.83 |
| Diluted EPS (Rs.) | 18.34 | 18.29 | 18.83 |
Hariom Pipes Balance Sheet – Last 5 Years Report:
Equities And Liabilities
| EQUITIES AND LIABILITIES (in Rs. Cr.) | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|
| 12 mths | 12 mths | 12 mths | |
| SHAREHOLDER’S FUNDS | |||
| Equity Share Capital | 28.87 | 27.62 | 16.98 |
| Total Share Capital | 28.87 | 27.62 | 16.98 |
| Reserves and Surplus | 435.25 | 318.67 | 84.04 |
| Total Reserves and Surplus | 435.25 | 318.67 | 84.04 |
| Total Shareholders Funds | 464.12 | 375.17 | 101.02 |
| NON-CURRENT LIABILITIES | |||
| Long Term Borrowings | 119.71 | 125.19 | 34.50 |
| Deferred Tax Liabilities [Net] | 8.24 | 4.24 | 3.15 |
| Other Long Term Liabilities | 1.17 | 1.22 | 0.00 |
| Long Term Provisions | 0.44 | 0.33 | 0.36 |
| Total Non-Current Liabilities | 129.56 | 130.99 | 38.01 |
| CURRENT LIABILITIES | |||
| Short Term Borrowings | 251.18 | 170.82 | 52.96 |
| Trade Payables | 18.91 | 16.31 | 10.39 |
| Other Current Liabilities | 16.43 | 15.84 | 13.51 |
| Short Term Provisions | 0.05 | 0.05 | 0.02 |
| Total Current Liabilities | 286.57 | 203.03 | 76.88 |
| Total Capital And Liabilities | 880.24 | 709.18 | 215.91 |
Assets
| ASSETS | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|
| 12 mths | 12 mths | 12 mths | |
| NON-CURRENT ASSETS | |||
| Tangible Assets | 379.37 | 134.48 | 53.51 |
| Intangible Assets | 0.00 | 0.05 | 0.04 |
| Capital Work-In-Progress | 0.00 | 103.19 | 10.06 |
| Other Assets | 0.00 | 0.00 | 0.00 |
| Fixed Assets | 379.37 | 237.71 | 63.62 |
| Non-Current Investments | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets [Net] | 0.00 | 0.00 | 0.00 |
| Long Term Loans And Advances | 0.00 | 0.00 | 0.00 |
| Other Non-Current Assets | 19.29 | 41.81 | 1.05 |
| Total Non-Current Assets | 398.65 | 279.52 | 64.66 |
| CURRENT ASSETS | |||
| Current Investments | 0.00 | 0.00 | 0.00 |
| Inventories | 296.54 | 212.17 | 114.79 |
| Trade Receivables | 122.07 | 86.12 | 26.90 |
| Cash And Cash Equivalents | 31.79 | 104.72 | 0.49 |
| Short Term Loans And Advances | 0.00 | 0.00 | 0.00 |
| OtherCurrentAssets | 31.18 | 26.65 | 9.07 |
| Total Current Assets | 481.59 | 429.66 | 151.25 |
| Total Assets | 880.24 | 709.18 | 215.91 |
Other Additional Information
| OTHER ADDITIONAL INFORMATION | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|
| CONTINGENT LIABILITIES, COMMITMENTS | |||
| Contingent Liabilities | 0.00 | 15.47 | 6.34 |
| BONUS DETAILS | |||
| Bonus Equity Share Capital | — | 8.95 | 8.95 |
How to Buy Hariom Pipes Shares?
There are many brokers registered by SEBI in India in which you can buy and sell shares of Hariom Pipes by opening your demat account. Names of some brokers are mentioned below in which you can open your demat account.
- Zerodha
- Groww
- Angel One
- Upstox
Hariom Pipes Shareholding Pattern
| Promoter | 57.17% |
| Other Domestic Institutions | 0.16% |
| Retail and Others | 32.57% |
| Foreign Institutions | 10.10% |
| Total | 100.00% |
Hariom Pipes Latest News
- The total net sales of Hariom Pipes in the first quarter of the year 2023 was Rs 251.50 crore. In the first quarter of 2024, the company increased its sales by 31.58% as compared to last year, whose total net sales were recorded at Rs 330.92 crore.
- There has been a decline of 2.79% in the net profit of the company in the first quarter of the year 2024 as compared to the first quarter of the year 2023. In this quarter of March 2024, Hariom Pipes has generated a total net profit of Rs 16.77 crore.
- The company’s EPS was Rs 6.77 in the first quarter of 2023, which has come down to Rs 6.01 in the first quarter of 2024. Its EPS has decreased by 12.65% in this quarter of 2023 and 2024.
Strengths
- The stock price is trading above Short, Medium and Long term moving averages, which shows its strong momentum.
- Hariom Pipes has been able to generate profit continuously. This year the company has also achieved profit growth of 21.73%.
- Hariom Pipe has grown its TTM EPS by +9.67% this year compared to last year, which shows its strong strength.
- Hariom Pipes’ CAGR over the last 5 years has been 47.2%, which shows a good profit growth.
- Institutional Investors have increased their holdings from 6.51% to 10.26% in the second quarter of 2024.
Risks
- Promoter holding has decreased by 1.11% in the second quarter as compared to the first quarter of 2024.
- Return on Equity (ROE) has declined in the last 2 years. ROE was 31.63 in FY 2022 which has reduced to 12.23 in FY 2024.
- Hariom Pipes has been unable to generate net cash.
- In FY 2023, the company had generated Net Cash of Rs 103 crore, which has reduced to only Rs 1 crore in FY 2024.
- The company has been unable to utilize its assets properly to generate profits, ROA has declined over the last 2 years.
Hariom Pipes Points to Consider Before Investing
- The stock is trading just 6.85% away from its 52 week high and 58.12% away from its 52 week low.
- While Nifty 50 has increased by 3.31% in the last 1 month, Hariom Pipes has reported a growth of 18.57%.
- In the second quarter of FY 2024, promoters’ holdings of the company have decreased from 58.28% to 57.17% while FII/FPI have increased their holdings from 6.51% to 10.10%.
- Revenue Growth (TTM) of Hariom Pipes is much higher than its industry.
Competitors of Hariom Pipes
- JSW Steel
- Tata Steel
- Hindalco
- Jindal Steel
- SAIL
- NMDC
- APL Apollo
Similar Stocks
| Company Name | Mkt Cap | Profit (1Year) | 52W L | 52W H |
|---|---|---|---|---|
| JSW Steel Ltd. | ₹220,751Cr. | 12.17% | ₹723.00 | ₹959.40 |
| Tata Steel Ltd. | ₹204,280Cr. | 35.66% | ₹114.60 | ₹184.60 |
| Hindalco Industries Ltd. | ₹147,473Cr. | 45.35% | ₹438.15 | ₹715.25 |
| Jindal Steel & Power Ltd. | ₹99,172Cr. | 46.15% | ₹581.60 | ₹1,097.00 |
| NMDC Steel Ltd | ₹16,998 Cr. | % | ₹39.2 | ₹73.7 |
Profitable Stocks
| Company Name | Mkt cap | Profit (1Year) | 52W L | 52W H |
|---|---|---|---|---|
| Tips Industries Ltd | ₹8,051 Cr. | 105.45% | ₹280 | ₹630 |
| Wealth First Portfolio Managers Ltd | ₹1,025 Cr. | 219.15% | ₹299 | ₹981 |
| Ganesh Housing Corporation Ltd | ₹7,784 Cr. | 102.49% | ₹362 | ₹1,110 |
| Kothari Petrochemicals Ltd | ₹1,035 Cr. | 72.59% | ₹93.1 | ₹187 |
| Styrenix Performance Materials Ltd | ₹4,638Cr. | 124.43% | ₹952 | ₹2,744 |
Conclusion
Since listing, Hariom Pipes has generated consistent profit and has also seen good growth in its revenue. The company has been giving very good returns to its investors and is also getting good returns from it by making good use of its capital. But there has been a significant decline in its Net Cash Flow due to which investing in the stock can also be risky.
Before investing in Hariom Pipe, investors should do a complete analysis of its fundamentals and also take advice from stock market experts so that they can get good returns on their money in future.
Disclaimer – Please note that we are not SEBI-registered advisors. Our post is for educational purposes only. Therefore, before investing in any share, take advice from a SEBI certified expert. If you invest, you yourself will be responsible for your profit and loss, not us.
Q1. What is the market capital of Hariom Pipes?
Hariom pipes is a Small Cap company, which market capital is Rs 2,204Cr.
Q2. What is dividend of Hariom Pipe Industries Ltd.?
The current Dividend Yield of Hariom Pipe is 0.09. Which means that the company is earning good profits.
Q3. What is the EPS (TTM) in FY 2024?
The EPS (TTM) of Hariom Pipe in FY 2024 is ₹19.68.
Q4. What is the target price of Hariom Pipe in 2024?
Minimum share price target of Hariom Pipe in 2024 is ₹450 and Maximum share price target is ₹700.
Q5. What is the target price of Hariom Pipe in 2025?
The minimum share price target of Hariom Pipe in 2025 is going to be ₹ 645 and the maximum share price target is going to be ₹ 790.
Q6. What is the target price of Hariom Pipe in 2030?
The minimum share price target of Hariom Pipe in 2030 will be ₹ 1280 and the maximum share price target will be ₹ 1425.
Q7. What is the target price of Hariom Pipe in 2040?
The minimum share price target of Hariom Pipe in 2040 is likely to be ₹2150 and the maximum share price target is likely to be ₹2350.
Q8. What is the target price of Hariom Pipe in 2050?
The minimum share price target of Hariom Pipe in 2050 is likely to be ₹3220 and the maximum share price target is likely to be ₹3480.