This capital goods company delivered over 170% returns in a year; do you hold it?

This capital goods company delivered over 170% returns in a year; do you hold it?

by Tanushree Jaiswal Last Updated: May 22, 2023 - 11:17 am 97 Views

An investment of Rs 1 lakh in the shares of this company 1 year ago would have turned to Rs 2.7 lakh today. 

Hariom Pipe Industries Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 214.70 on 23 May 2022 to Rs 583.75 on 22 May 2023, an increase of 171.89% in the one-year holding period. 

Recent performance highlights 

In the recent quarter Q3FY23, the company’s net profit increased by 8.91% YoY to Rs 10.15 crore. The company’s net sales increased by 16.42% YoY to Rs 122.85 crore from Rs 105.52 crore. PBIDT excluding other income rises by 37.99% to Rs 18.47 crore from Rs 13.39 crore in the same quarter last year. 

The company is currently trading at a PE of 38.3X against the industry PE of 17X. In FY23, the company delivered an ROE and ROCE of 34.9% and 28.5%, respectively. The company is a constituent of Group B stocks and commands a market capitalization of Rs 1,487.17 crore. 

Company Profile

Hariom Pipe Industries Ltd is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. It uses iron ore to produce Sponge Iron which is then processed across various stages to manufacture its final products viz. MS Pipes and Scaffolding making its manufacturing process cost-effective.’ The company caters to the southern and western Indian markets for its products.  

Growth Drivers  

The company is a premium manufacturer of iron and steel products. The company has gone from strength to strength, evolving into an integrated steel manufacturer with a stronghold in the South Indian market. With a diverse product portfolio consisting of Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils, and Scaffolding Systems, its top-quality products cater to a variety of industrial applications across multiple sectors.  

Share price movements    

Today, the share of Hariom Pipe Industries Ltd opened at Rs 580 and has touched a high and low of Rs 584 and Rs 577.20, respectively. So far 381 shares have been traded on the bourses. 

At the time of writing, the shares of Hariom Pipe Industries Ltd were trading at Rs 577.80, a decrease of 1.02% from the previous day’s closing price of Rs 583.75 on BSE. The stock has a 52-week high and low of Rs 603.45 and Rs 180.05 respectively on BSE. 

How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Weekly Outlook on Gold - 9 Jun 2023

Gold traded sideways after a 1% climb in the previous session, although gold headed for second straight weekly gains on bets that the U.S. Federal Reserve may pause rate hikes in its next week meeting. According to the Fed rate monitor tool, there was a 73.7% chance that the central bank will stand down from the rate hike next week. Market participants are keeping an eye on the next inflation reading due Tuesday.

  • Jun 09, 2023
Swing Trading Stocks: Week of 12 June 2023

Swing Trading Stocks for the Week

  • Jun 09, 2023
Weekly Market Outlook for 12 June to 16 June

In the week gone by, our markets continued its upmove during the mid-week and Nifty rallied towards 18800 mark. But it fell just short of making a new record and witnessed some profit booking towards the end of the week to end below 18600 with marginal weekly gains.

  • Jun 09, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number