Hariom Pipe Industries Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 16 Jul 2026 | Industrial Products | Market Cap: ₹1.1K Cr
The company targets approximately 20-30% volume growth annually through FY30, with guidance reaffirmed for 30% volume growth in the next fiscal year. The company targets a 30% volume growth up to FY30, with steady growth driving revenue increases.
From Hariom Pipe Industries Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹348
Market Cap
₹1.1K Cr
P/E Ratio
15.7
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Hariom Pipe Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹507 Cr, net profit ₹30 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company targets approximately 20-30% volume growth annually through FY30, with guidance reaffirmed for 30% volume growth in the next fiscal year.
- →Sales volume recorded a 21% year-on-year growth for the nine months ended December 2025.
- →Revenue from operations also grew by 21% year-on-year, reaching INR 1,159.7 crores for the same period.
- →The company plans capacity increase via acquisitions and organic CapEx to support rising volumes, with operational capacity expected to reach ~70-75% utilization by FY27.
- →Expansion is supported by growing dealer networks, increased penetration in new markets (North and West India), OEM tie-ups, and enhancing value-added product mix.
- →Q4 is expected to be strong, with volume targets around 90,000 to 95,000 tons and realization averaging INR 54,500 to INR 55,000.
- →Renewable energy projects (solar) commencing April 2026 will support operational efficiency and sustainability.
📈 Profitability & Margins
- →The company targets a 30% volume growth up to FY30, with steady growth driving revenue increases.
- →PAT growth is expected to reflect revenue growth more strongly in the coming years, with a 20-25% growth range anticipated following current EBITDA consistency.
- →EBITDA margins are expected to stay in the range of INR 7,000 to INR 8,000 per ton, supported by stable raw material pricing and value-added products.
- →Renewable energy segment (solar project) to start contributing from April 2026, expected to be near breakeven initially.
- →Focus on disciplined execution, capacity maximization, and expansion through acquisitions or CapEx after 2027 to sustain growth.
- →Stable operational performance and improving demand visibility underpin confidence in strong future earnings.
- →EPS growth expected to correlate with PAT and revenue growth, reflecting capacity and market expansion.
🏗️ Capital Expenditure Plans
- →Hariom Pipe Industries plans capacity expansion through acquisitions or new CapEx to sustain ~30% volume growth up to FY30.
- →Expansion plans include maximizing existing production capacities first and then adding new capacities steadily.
- →Gadchiroli steel plant project is in early stages; land allocation by Maharashtra government pending with progress expected post-land allotment, possibly taking 1.5-2 years for further development.
- →Renewable energy plant starting April 2026 expected to be near breakeven initially; contributes depreciation but no major cash outflows.
- →Trading subsidiary to become operational by end-March or early April 2026, initially small scale; focus on value-added segments and OEM/government projects for long-term growth.
- →Company to explore adding small-to-mid size pipe mill near Anantapur depending on market and infrastructure developments as a feeder plant option.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
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What Hariom Pipe's management said in earlier quarters
Frequently Asked Questions
What were Hariom Pipe Industries Ltd Q3 FY26 results?
The company targets approximately 20-30% volume growth annually through FY30, with guidance reaffirmed for 30% volume growth in the next fiscal year. The company targets a 30% volume growth up to FY30, with steady growth driving revenue increases.
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?
Hariom Pipe Industries plans capacity expansion through acquisitions or new CapEx to sustain ~30% volume growth up to FY30.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.
