Hariom Pipe Inds. Share Price

The revenue zoomed 11.40% to Rs. 1270.57 millions for the quarter ended September 2022 as compared to Rs. 1140.53 millions during the corresponding quarter last year.An average growth of 28.93% was recorded for the quarter ended September 2022 to Rs. 92.71  millions from Rs. 71.91 millions.Operating profit surged to 162.29 millions from the corresponding previous quarter of 143.62 millions.

The revenue zoomed 11.40% to Rs. 1270.57 millions for the quarter ended September 2022 as compared to Rs. 1140.53 millions during the corresponding quarter last year.A comparatively good net profit growth of 28.93% to Rs. 92.71 millions was reported for the quarter ended September 2022 compared to Rs. 71.91 millions of previous same quarter.Operating Profit saw a handsome growth to 162.29 millions from 143.62 millions in the quarter ended September 2022.

The December 2022 quarter revenue stood at Rs. 1228.53 millions, up 16.42% as compared to Rs. 1055.24 millions during the corresponding quarter last year.Net profit stood at Rs. 101.50  millions  compared to Rs. 93.20 millions in the corresponding previous quarter,high by 8.91%.Operating profit for the quarter ended December 2022 rose to 185.76 millions as compared to 157.75 millions of corresponding quarter ended December 2021.

This will increase the company’s production of MS Billets from the current 95,832 MTPA to 1,04,232 MTPA

Hariom Pipe Industries is currently trading at Rs. 313.70, up by 27.55 points or 9.63% from its previous closing of Rs. 286.15 on the BSE.

The scrip opened at Rs. 287.20 and has touched a high and low of Rs. 319.40 and Rs. 287.20 respectively. So far 130378 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 319.40 on 25-Nov-2022 and a 52 week low of Rs. 169.35 on 11-May-2022.

Last one week high and low of the scrip stood at Rs. 319.40 and Rs. 264.05 respectively. The current market cap of the company is Rs. 803.77 crore.

The promoters holding in the company stood at 66.03%, while Institutions and Non-Institutions held 3.07% and 30.89% respectively.

Hariom Pipe Industries has completed the setting up of its 15 ton electric melting furnace and the commercial production is all set to commence from November 25, 2022. This will increase the company’s production of MS Billets from the current 95,832 MTPA to 1,04,232 MTPA. This is in line with the objects as set out in the company’s prospectus at the time of its maiden IPO.

Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.

The company is in the process of expanding product range to add more value-added products, this purchase will help the company in achieving the same

Hariom Pipe Industries is currently trading at Rs. 375.65, up by 30.05 points or 8.70% from its previous closing of Rs. 345.60 on the BSE.

The scrip opened at Rs. 349.85 and has touched a high and low of Rs. 376.00 and Rs. 349.85 respectively. So far 65599 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 373.45 on 12-Dec-2022 and a 52 week low of Rs. 169.35 on 11-May-2022.

Last one week high and low of the scrip stood at Rs. 355.00 and Rs. 290.75 respectively. The current market cap of the company is Rs. 925.04 crore.

The promoters holding in the company stood at 66.03%, while Institutions and Non-Institutions held 3.07% and 30.89% respectively.

Hariom Pipe Industries has entered into asset transfer agreement with R.P. Metal Sections on December 26, 2022 to purchase their operating Asset which manufactures Galvanized Pipe and Cold Roll coil. This unit is spread across 13.83 acres of land and located at SIPCOT Industrial growth centre, Perundurai, Tamilnadu. This purchase is for an all cash consideration of Rs 55 crore.

This purchase of Asset is subject to obtaining certain permissions and approvals for transfer of license from R.P. Metal Sections to Hariom Pipe Industries. The company is in the process of expanding product range to add more value-added products, this purchase will help the company in achieving the same.

Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.

Quarterly Results

Preferential Issue of shares & Issue Of Warrants & Increase in Authorised Capital

Quarterly Results

Audited Results

The cost of this expansion will be around Rs 5 crore

Hariom Pipe Industries is replacing one of its two existing furnaces which have a production capacity of 12-ton with a new 15-ton induction melting furnace to enhance the production capacity. With the latest technology being used, there will be savings of about 10 lakh units of electricity per annum and will also reduce manpower costs. This will be funded through the proceeds of IPO (initial public offering).

The cost of this expansion will be around Rs 5 crore. As such, one of the existing furnaces with a production capacity of 12-ton will be temporarily shut down from September 21, 2022 for a period of approximately 45 days. This shutdown will partly impact the production of billets which is the raw material for the production of pipes. The company during such a period will source the raw material required to manufacture the pipes from the open market ensuring uninterrupted production.

Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.

The sanction letter is for enhancement of its working capital and fresh term loan for implementation of cold rolled steel mill and galvanized pipe mill projects

Hariom Pipe Industries has received sanction letter by Canara Bank for enhancement of its working capital limits from Rs 49.50 crore to Rs 149.50 crore and fresh term loan of Rs 94.02 crore for implementation of cold rolled steel mill and galvanized pipe mill projects. The company is in the process of further negotiation with the bankers.

Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.

This will increase the company’s production of MS Billets from the current 95,832 MTPA to 1,04,232 MTPA

Hariom Pipe Industries has completed the setting up of its 15 ton electric melting furnace and the commercial production is all set to commence from November 25, 2022. This will increase the company’s production of MS Billets from the current 95,832 MTPA to 1,04,232 MTPA. This is in line with the objects as set out in the company’s prospectus at the time of its maiden IPO.

Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.

The company is in the process of expanding product range to add more value-added products, this purchase will help the company in achieving the same

Hariom Pipe Industries has entered into asset transfer agreement with R.P. Metal Sections on December 26, 2022 to purchase their operating Asset which manufactures Galvanized Pipe and Cold Roll coil. This unit is spread across 13.83 acres of land and located at SIPCOT Industrial growth centre, Perundurai, Tamilnadu. This purchase is for an all cash consideration of Rs 55 crore.

This purchase of Asset is subject to obtaining certain permissions and approvals for transfer of license from R.P. Metal Sections to Hariom Pipe Industries. The company is in the process of expanding product range to add more value-added products, this purchase will help the company in achieving the same.

Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.