Financial Performance FY 2025-26
Hariom Pipe Industries Limited reported strong financial results for FY26 with revenue from operations reaching ₹1,667 crore, representing 23% year-over-year growth. Net profit increased 23% to ₹76 crore, while EBITDA grew 19% to ₹209 crore. The company maintained healthy financial metrics with Return on Equity at 11.7% and Return on Capital Employed at 20.7%. Debt-to-Equity ratio stood at 0.54x with net debt-to-EBITDA at 1.65x.
Operational Highlights and Capacity Expansion
The company expanded its total installed capacity to 7.85 lakh MTPA from 7.01 lakh MTPA, achieving 60% capacity utilization. Hariom Pipe operates five manufacturing facilities across Telangana, Andhra Pradesh, and Tamil Nadu, spanning approximately 115 acres with 65 acres available for future expansion. The product portfolio includes 800+ SKUs with value-added products contributing 96% of total sales volume.
Subsidiary Developments and Diversification
Hariom Power and Energy Private Limited (HPEPL), incorporated in March 2025, is developing a 60 MW AC solar power project across 13 locations in Maharashtra. Land acquisition has been completed for 8 locations (123 acres), with 38 MW AC capacity tied up and a PPA signed with MSEDCL. The company also incorporated Metal Mart Private Limited in January 2026 for trading metals and steel products, holding a 70% equity stake.
Regulatory Compliance and Corporate Governance
Hariom Pipe submitted a revised Annual Report for FY26 to correct inadvertent typographical errors, confirming no impact on financial statements or substantive disclosures. The company received a temporary closure notice from Tamil Nadu Pollution Control Board for its Perundurai plant but is mitigating impact through alternate operations. Statutory audits resulted in clean reports with no fraud detected, though the company faces disputed tax demands of ₹719.07 lakhs.
Capital Structure and Financing
The company secured term loans from SBI and HDFC Bank totaling ₹14,313.17 lakh with interest rates ranging from 7.29% to 9.35%. Hariom recognized ₹8.45 crore in government grants under Telangana's T-IDEA Scheme for power cost reimbursement, interest subsidy, and GST reimbursement. The board recommended a final dividend of ₹0.75 per equity share, subject to shareholder approval at the AGM on September 30, 2026.
Market Presence and Corporate Actions
Hariom serves 900+ dealers and B2B clients across Southern and Western India, with 21% customer retention for 5+ years. The company approved a preferential issue of up to 15,00,000 convertible warrants to the promoter group and re-appointed key management personnel including Mr. Rupesh Kumar Gupta as Managing Director and Mr. Shailesh Kumar Gupta as Joint Managing Director.