Hariom Pipe Industries Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

- The company has taken debt of INR195 crores related to the solar power project, with net debt after completion expected around INR160 crores. (Page 13) - Capital expenditure for the solar power project is around INR241 crores, largely backed by capital subsidy from the central government, with only INR25-30 crores as equity component from Hariom Pipes. (Page 7, 13) - No specific mention of any new fundraising through debt or equity beyond this ongoing project debt. - The company is currently managing working capital discipline and optimizing financial costs, indicating a cautious approach toward future fundraising. (Page 5) - Environmental clearance (EC) approval is awaited for expansion plans related to backward integration; no construction or fundraising steps initiated until clearance is received. (Page 13) Overall, no new or future fundraising through debt or equity is explicitly announced other than the existing solar project financing.

The transcript does not provide specific details on the current or expected order book or pending orders for Hariom Pipe Industries Limited during the Q4 FY26 conference call. However, some relevant points are: - The company is focusing on increasing B2B clients and has grown B2B contribution from 15% to 20% in Q4 FY26. - Efforts are ongoing to add new dealers and deepen market presence. - The company remains confident of achieving volume guidance of 350,000 to 360,000 tons in FY27, indicating healthy demand. - No direct mention of exact order book size or value was made during the call. - OEM demand is stable, and the company meets supply commitments despite temporary plant closure. - Management emphasized maintaining operating efficiency and financial discipline while focusing on profitable growth rather than only volume. In summary, while the management expresses confidence in demand and growing B2B sales, no explicit order book figures were disclosed.