Hariom Pipe Industries Ltd
Hariom Pipe Industries Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Hariom Pipe Industries targets around 30% year-on-year volume growth for FY26 and expects this momentum to continue in coming years. The company anticipates around 30% volume growth year-on-year for FY26 and continuing 30-35% CAGR growth over the next two years.
From Hariom Pipe Industries Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Hariom Pipe Industries targets around 30% year-on-year volume growth for FY26 and expects this momentum to continue in coming years.
- Q1 FY26 sales volumes grew 35% YoY to 78,221 metric tons, exceeding initial volume growth targets.
- The company anticipates further multiplication of volume growth in coming months, particularly with expansion in B2B sales and OEM partnerships.
- Q4 guidance includes a volume growth CAGR of 30-35% over the next 2 years.
- Increasing share of value-added products and entry into engineering segments are expected to drive higher profitability and margins.
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Profitability & Margins
See what Hariom Pipe Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- No additional CapEx planned this financial year apart from regular operational CapEx in the steel industry (Page 10).
- Keen interest in setting up and expanding existing assets; ready to expand whenever an opportunity arises (Page 10).
- Solar power project under progress with a PPA signed for 60 MW at INR 2.96/unit, completion deadline September 2026 (Page 8).
- Solar project involves leasing land (29 years), not purchase; total CapEx expected below INR 240 crores (Page 14).
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Trial orders for solar structures are approximately 200 tons per month, expected to multiply in the coming months.
- New trial orders are continuously being received on a monthly basis, with some customers already satisfied and demanding ongoing business.
- The company is in talks for new OEM contracts, but no new contract is signed yet; expansions in the engineering segment with higher profitability are planned.
- Continuous addition is happening on a monthly basis in the B2B segment, indicating an increasing order book gradually.
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Hariom Pipe Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹507 Cr, net profit ₹30 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Hariom Pipe's management said in earlier quarters
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Frequently Asked Questions
What were Hariom Pipe Industries Ltd Q1 FY26 results?
Hariom Pipe Industries targets around 30% year-on-year volume growth for FY26 and expects this momentum to continue in coming years. The company anticipates around 30% volume growth year-on-year for FY26 and continuing 30-35% CAGR growth over the next two years.
What is Hariom Pipe Industries Ltd share price analysis?
Hariom Pipe Industries Ltd currently shows a neutral. The stock trades at a P/E of 15.7 with a market cap of ₹1,090 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hariom Pipe Industries Ltd planning capital expenditure?
No additional CapEx planned this financial year apart from regular operational CapEx in the steel industry (Page 10).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.