Hariom Pipes Share Price Target 2024, 2025, 2026, 2028, 2030, 2040 to 2050

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 NameHariom Pipe Industries Ltd.
Sector Iron & Steel
Established1962
Websitehariompipes.com
Listing AtNSE and BSE
Mkt Cap2,204Cr.
ROE12.23%
ROCE18.51%
52 Week High₹746.95
52 Week Low₹440.05
P/E Ratio (TTM)38.81
P/B Ratio4.73
Face Value10
Book Value Per Share150.59
EPS (TTM)₹19.68
Dividend Yield0.08
Net Sales1,153Cr.
Sales Growth79.32%
Net Profit (Anual)56Cr.
Profit Growth21.73%
Hariom Pipes Fundamental

Hariom Pipes Share Price Target 2024, 2025, 2026, 2028, 2030, 2040 and 2050

Hariom Pipes Share Price Target 2024

MonthMinimum 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 2024

Hariom Pipes Share Price Target 2025

MonthMinimum 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 2025

Hariom Pipes Share Price Target 2026

MonthMinimum 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
Hariom Pipes Share Price Target 2026

Also Read: Strong growth, Jio Finance shares will make you a millionaire.

Hariom Pipes Share Price Target 2028

MonthMinimum 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 2028

Hariom Pipes Share Price Target 2030

MonthMinimum 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 2030

Hariom Pipes Share Price Target 2040

MonthMinimum 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 2040

Hariom Pipes Share Price Target 2050

MonthMinimum 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 2050

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/LossMar 24Mar 23Mar 22
12 mths12 mths12 mths
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax77.3662.8342.54
Profit/Loss Before Tax77.3662.8342.54
Profit/Loss After Tax And Before ExtraOrdinary Items56.8046.2131.96
Profit/Loss From Continuing Operations56.8046.2131.96
Profit/Loss For The Period56.8046.2131.96

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 Share Price Growth Chart

Hariom Pipes Quarterly Report

Mar 24Dec 23Sep 23Jun 23
Sales +332.07Cr.282.00Cr.303.09Cr.241.23Cr.
Expenses +308.48Cr.268.20Cr.282.87Cr.221.48Cr.
EBITDA43.19Cr.34.59Cr.36.78Cr.29.23Cr.
EBIT33.53Cr.24.97Cr.27.40Cr.24.04Cr.
Net Profit16.77Cr.9.81Cr.14.78Cr.15.44Cr.
Profit Before Tax23.59Cr.13.79Cr.20.23Cr.19.75Cr.
Operating Profit Margin13.05%12.35%12.17%12.17%
Net Profit Margin5.07%3.50%4.89%6.43%
Earning Per Share₹5.42₹3.17₹4.77₹4.99
Depreciation101095
Dividends Per Share0.000.000.000.00
Hariom Pipes Quarterly Report

Hariom Pipes Profit/Loss – Last 3 Years Report

Hariom Pipes Income Report

Profit & Loss account of Hariom Pipe Industries (in Rs. Cr.)Mar 24Mar 23Mar 22
12 mths12 mths12 mths
INCOME
Revenue From Operations [Gross]1,153.19643.71430.57
Less: Excise/Sevice Tax/Other Levies0.000.000.00
Revenue From Operations [Net]1,153.19643.71430.57
Total Operating Revenues1,153.19643.71430.57
Other Income5.200.752.72
Total Revenue1,158.38644.46433.28

Hariom Pipes Expenses

EXPENSESMar 24Mar 23Mar 22
12 mths12 mths12 mths
Cost Of Materials Consumed946.42494.72311.03
Purchase Of Stock-In Trade15.840.000.00
Operating And Direct Expenses0.000.000.00
Changes In Inventories Of FG,WIP And Stock-In Trade-75.95-31.67-20.05
Employee Benefit Expenses44.6822.4921.36
Finance Costs32.5610.388.19
Depreciation And Amortisation Expenses33.879.428.11
Other Expenses83.6076.2962.10
Total Expenses1,081.02581.63390.74

Other Additional Information

OTHER ADDITIONAL INFORMATIONMar 24Mar 23Mar 22
12 mths12 mths12 mths
EARNINGS PER SHARE
Basic EPS (Rs.)20.3418.3018.83
Diluted EPS (Rs.)18.3418.2918.83

Hariom Pipes Balance Sheet – Last 5 Years Report:

Equities And Liabilities

EQUITIES AND LIABILITIES (in Rs. Cr.)Mar 24Mar 23Mar 22
 12 mths12 mths12 mths
SHAREHOLDER’S FUNDS
Equity Share Capital28.8727.6216.98
Total Share Capital28.8727.6216.98
Reserves and Surplus435.25318.6784.04
Total Reserves and Surplus435.25318.6784.04
Total Shareholders Funds464.12375.17101.02
NON-CURRENT LIABILITIES
Long Term Borrowings119.71125.1934.50
Deferred Tax Liabilities [Net]8.244.243.15
Other Long Term Liabilities1.171.220.00
Long Term Provisions0.440.330.36
Total Non-Current Liabilities129.56130.9938.01
CURRENT LIABILITIES
Short Term Borrowings251.18170.8252.96
Trade Payables18.9116.3110.39
Other Current Liabilities16.4315.8413.51
Short Term Provisions0.050.050.02
Total Current Liabilities286.57203.0376.88
Total Capital And Liabilities880.24709.18215.91

Assets

ASSETSMar 24Mar 23Mar 22
12 mths12 mths12 mths
NON-CURRENT ASSETS
Tangible Assets379.37134.4853.51
Intangible Assets0.000.050.04
Capital Work-In-Progress0.00103.1910.06
Other Assets0.000.000.00
Fixed Assets379.37237.7163.62
Non-Current Investments0.000.000.00
Deferred Tax Assets [Net]0.000.000.00
Long Term Loans And Advances0.000.000.00
Other Non-Current Assets19.2941.811.05
Total Non-Current Assets398.65279.5264.66
CURRENT ASSETS
Current Investments0.000.000.00
Inventories296.54212.17114.79
Trade Receivables122.0786.1226.90
Cash And Cash Equivalents31.79104.720.49
Short Term Loans And Advances0.000.000.00
OtherCurrentAssets31.1826.659.07
Total Current Assets481.59429.66151.25
Total Assets880.24709.18215.91

Other Additional Information

OTHER ADDITIONAL INFORMATIONMar 24Mar 23Mar 22
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities0.0015.476.34
BONUS DETAILS
Bonus Equity Share Capital8.958.95

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

Promoter57.17%
Other Domestic Institutions0.16%
Retail and Others32.57%
Foreign Institutions10.10%
Total100.00%
Hariom Pipes Shareholding Pattern

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

  1. The stock is trading just 6.85% away from its 52 week high and 58.12% away from its 52 week low.
  2. While Nifty 50 has increased by 3.31% in the last 1 month, Hariom Pipes has reported a growth of 18.57%.
  3. 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%.
  4. Revenue Growth (TTM) of Hariom Pipes is much higher than its industry.

Competitors of Hariom Pipes

  1. JSW Steel
  2. Tata Steel
  3. Hindalco
  4. Jindal Steel
  5. SAIL
  6. NMDC
  7. APL Apollo

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Company NameMkt Cap Profit (1Year)52W L52W H
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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 
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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.

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