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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Hariom Pipe Industries Limited is an India-based manufacturer of steel pipes and tubes. The Company's products range from mild steel (MS) billets, galvanized pipe (GP), galvanized iron (GI) pipes and tubes, hot rolled (HR) coils, cold rolled (CR) coils, pre-galvanized coils…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, steadily growing business, trading cheap versus its own history.
Hariom Pipe Industries is scored on the commodity / cyclical framework. It keeps a slim 4.5% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.54× reported profit. Free cash flow is worth about 4.5% of its market value.
Over the last 2 years revenue compounded at 20%/yr and profit at 16%/yr. Book value itself has compounded 18%/yr — the hallmark of a genuine compounder. Return on equity is a modest 11.9%. In the latest quarter profit fell 45% versus the prior quarter.
At 15× earnings, the stock sits at the 16th percentile of its own 2.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~4%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 13.57 | 21.11 | better |
| P/B | 1.62 | 2.12 | better |
| EV/EBITDA | 7.08 | 8.94 | better |
| ROE | 11.91 | 18.05 | worse |
| ROCE | 13.74 | 11.11 | better |
| ROA | 5.79 | 3.13 | better |
| Quick Ratio | 0.62 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue has grown every year across all 3 financial years shown. 20% CAGR over 2 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Revenue is outpacing profit (20% vs 15%) — costs are rising faster than the top line.
Operating margins have been stable around 6% — no major structural shift.
ROE at 12% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
Profit grew faster than EPS (15% vs 10%) — share dilution is eroding per-share value. 10% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.5× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 17% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (35% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 35% above earlier ones.
Profit fell 45% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 2.6y median.
Promoter holding at 57.3% — majority control intact. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.