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Hariom Pipe Industries Ltd

Q4 FY26Industrial Products

Hariom Pipe Industries Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management said on revenue, margins and capex.

Price₹348
Market cap₹1.1K Cr
P/E15.7
Updated23 Aug 2026
Read3 min read

What the Q4 FY26 call signalled

3 of 4 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

FY27 volume guidance: Targeting 350,000 to 360,000 tons, implying ~20-25% growth (Page 14, 17). FY26 PAT grew by 23% year-on-year, reaching INR 76 crores, with improving profitability trends.

From Hariom Pipe Industries Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Good growth
  • FY27 volume guidance: Targeting 350,000 to 360,000 tons, implying ~20-25% growth (Page 14, 17).
  • Capacity: Existing capacity can support up to 30% volume growth y-o-y, subject to market conditions and profitability focus (Page 6).
  • Sales focus: Emphasis on profitable, cash-generating growth rather than aggressive volume push; B2B sales and dealer expansion are key growth drivers (Page 17, 18).
  • Product mix: Growth expected across a mixture of coils, MS, and GI pipes; scaffolding volumes weak, focus shifting to more stable credit models (Page 18).

2 more points from Hariom Pipe Industries Ltd's call on revenue

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • Hariom Pipe Industries has a solar power project with a total CapEx of around INR 240 crores for 60 megawatts capacity.
  • Bank term loan of INR 195 crores taken for this project; net debt post-completion expected around INR 160 crores.
  • Equity investment by Hariom Pipes in the solar power unit is INR 25-30 crores.
  • So far, INR 9.56 crores invested, with 8 out of 13 project locations underway; 38 MW under construction, 10 MW production starting next month.
  • Remaining CapEx for FY27 related mainly to completing the solar project and associated pilot projects.

2 more points from Hariom Pipe Industries Ltd's call on capex

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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

See what Hariom Pipe Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

See what Hariom Pipe Industries Ltd said on order book & pipeline — free account, 30 seconds.

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 Q4 FY26 results?

FY27 volume guidance: Targeting 350,000 to 360,000 tons, implying ~20-25% growth (Page 14, 17). FY26 PAT grew by 23% year-on-year, reaching INR 76 crores, with improving profitability trends.

What is Hariom Pipe Industries Ltd share price analysis?

Hariom Pipe Industries Ltd currently shows a moderate growth signal based on ranking data. 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 has a solar power project with a total CapEx of around INR 240 crores for 60 megawatts capacity.

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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.