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Hariom Pipe Industries Ltd

Q3 FY26Industrial Products

Hariom Pipe Industries Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹348
Market cap₹1.1K Cr
P/E15.7
Updated23 Aug 2026
Read4 min read

The short version

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.

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.

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Profitability & Margins

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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.

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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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

The transcript does not provide explicit details on the current or expected order book or pending orders for Hariom Pipe Industries Limited. However, the following points related to demand and order visibility can be noted: - Demand visibility remains healthy with steady orders backed by value-added product mix. - Working closely on government supplies and tendering, which is expected to contribute to order inflow. - Growth in B2B sales to corporate and OEM clients has increased from 15% to 21%, indicating a growing order pipeline from these segments.

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Hariom Pipe Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

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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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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.