Hariom Pipe Industries Ltd
Hariom Pipe Industries Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Targeting 30% volume CAGR over the next two years (FY '26 and FY '27). Targeting 30% volume growth for FY26 and the next two years, driven by new markets, franchise channels, and capacity ramp-up.
From Hariom Pipe Industries Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Targeting 30% volume CAGR over the next two years (FY '26 and FY '27).
- Q1 FY '26 volume growth tracked at 14% compared to last year, in line with internal plans.
- Volume growth driven by new market geographies, franchisee channels, and increased capacity utilization.
- Highest ever annual sales volume of 2.45 lakh metric tonnes achieved in FY '25, up 23% YoY.
- Revenue from operations grew 18% in FY '25 despite a 5% decline in average selling prices.
- Increasing share of value-added products, currently contributing around 96-97% of the product portfolio.
- Growth supported by internal accruals, asset sweating, and a strong channel ecosystem.
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Profitability & Margins
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Capital Expenditure Plans
- FY '26 CapEx mainly for maintenance, estimated around ₹10-12 crores (rolling mills, furniture, fixtures). No major new CapEx planned for standalone pipes business.
- Significant CapEx planned for renewable energy: a 60 MW solar power plant under PM-KUSUM scheme with total CapEx estimated between ₹180-240 crores (₹3-4 crores per MW including land).
- Equity for solar project mostly covered by government subsidy, debt expected up to ~72-75% at ~8.5% interest.
- Solar project strategic for green manufacturing expansion in Maharashtra and new revenue stream; not directly for captive use.
- Deferred/hold on QIP fundraising currently.
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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
See what Hariom Pipe Industries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The transcript does not explicitly mention the current or expected order book or pending orders for Hariom Pipe Industries Ltd.
- However, it indicates positive demand trends with a 14% volume growth in Q1 FY26 compared to last year.
- The company targets a 30% volume growth for the full financial year.
- Growth is expected from new market geographies, franchisee channels, and increased capacity utilization.
- B2B sales are expanding, which typically provides better margins and predictable top-line growth.
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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 Q4 FY25 results?
Targeting 30% volume CAGR over the next two years (FY '26 and FY '27). Targeting 30% volume growth for FY26 and the next two years, driven by new markets, franchise channels, and capacity ramp-up.
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?
FY '26 CapEx mainly for maintenance, estimated around ₹10-12 crores (rolling mills, furniture, fixtures).
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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.