Hariom Pipe Industries Ltd
Hariom Pipe Industries Ltd (HARIOMPIPE)

Hariom Pipe Industries Ltd (HARIOMPIPE)

₹255.80.59%

Key Stats

₹255
Day's Price Range
₹259.85
₹169.1
52-Week Price Range
₹305.5
1 Month Return-6.01 %
3 Month Return29.94 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

EPS
Rank 2
BVPS
Rank 2
ROE
Rank 2
37.2%

Company Information

The Company was incorporated as Hari Om Concast And Steels Private Limited at Hyderabad as a Private Limited Company with the provisions of the erstwhile Companies Act 1956 pursuant to a Certificate of Incorporation dated June 21 2007 issued by the Registrar of Companies Andhra Pradesh. Thereafter the name of Company changed to Hariom Pipe Industries Private Limited vide Special Resolution dated December 12 2017 and a fresh Certificate of Incorporation consequent to change in name was issued on December 27 2017 by Registrar of Companies Hyderabad. Thereafter Company was converted into to a Public Limited Company and consequently name of the Company got changed to Hariom Pipe Industries Limited by a Special Resolution passed on January 08 2018 and a fresh Certificate of Incorporation consequent upon conversion was issued on January 17 2018 by the Registrar of Companies Hyderabad. Mr. Rupesh Kumar Gupta and Mr. Sailesh Gupta are third generation entrepreneurs and founders in the Iron and Steel Industry. They have been instrumental in the growth and management of the Company. The Company is an integrated manufacturer of Mild Steel MS Pipes Scaffolding HR Strips MS Billets and Sponge Iron in South India. The Company has two manufacturing units which cater to the southern and western Indian markets for products. Unit I plant located at Mahabubnagar Dist. in Telangana manufactures finished steel products from iron scrap and sponge Iron. This plant is equipped with stateoftheart machines and modern technology for accurately testing the products. The Unit II plant located at Anantapur Dist. Andhra Pradesh exclusively manufactures Sponge Iron. Unit II plant located near Bellary is one of the hubs in South India for iron ore production. The iron ore required to produce Sponge Iron at Unit II is mostly procured through the online bidding process. Most of the Sponge Iron produced at the Unit II is transported to the Unit I and used as a source of raw material for manufacturing MS Billets HR Strips MS Pipes and Scaffolding. The manufacturing of Sponge Iron at Unit II reduced dependence on external sources for raw materials since its acquisition in September 2020. The integration of Unit I and II have optimized operations and profitability through backward integration which helps with efficient logistics inventory management procurement energy savings and quality control. The Company use iron ore to produce Sponge Iron which is then processed across various stages to manufacture final products viz. MS Pipes and Scaffolding making manufacturing process costeffective. MS Pipes are marketed in these nations under the brand Hariom Pipes. Substantial portion of the Sponge Iron MS Billets and HR Strips produced by Company are used for captive consumption in the manufacturing MS Pipes and Scaffolding. The Company manufacture MS Pipes and Scaffoldings of more than 150 different specifications and cater directly and indirectly to customer requirements in various sectors such as housing infrastructure agriculture automotive power cement mining solar power and engineering.The quality control team led by qualified chemists and engineers ensure that raw materials as well as end products are tested on all quality parameters to ensure that clients are compliant with the required market standards. They mainly sell MS Pipes through more than 200 distributors and dealers. The team sell MS Pipes and Scaffoldings to certain developers and contractors directly as B2B sales. The Company believe that its key differentiator is the product specifications in terms of thickness length quality availability and customized products.The Company obtained IS 3601:2006 for steel pipes for mechanical and general engineering purposes IS 2830:2012 for MS Billets IS 4923:2017 for hollow steel sections for structural use. It has obtained quality management system certificates viz. ISO 9001:2015.In 2010 the Company commenced production of HR Strips and MS Tubes at Unit I.In 2011 the Company commenced production of Scaffolding at Unit I.In 2013 the Company commenced production of HR Slit Coil MS Tubes at Unit I.During the FY 1920 the Company acquired land admeasuring Ac 9.31 at Sy. No. 98 D. Hirehal Village Panchayat Rayadurgam Sub division Ananthapur revenue division from M/ s. S. S. P. Sponge Iron Pvt. Ltd. The Company also acquired Vacant site admeasuring Ac. 10 located at Sy. No. 98 D. Hirehal Village Panchayat Rayadurgam Sub division Ananthapur revenue division in name of Mr. Siva Prasanth.In August 2020 the Company acquired Unit II of Sponge Iron at Anantapur Andhra Pradesh with a capacity of 36000 MTPA.During FY 202021 the Company acquired Plant Machinery Factory Building Sponge unit form S. S. P. Sponge Iron Pvt. Ltd. located at Sy. No. 98 D. Hirehal Village Panchayat Rayadurgam. Also the production of Sponge Iron has been started at the plant. In 2021 the Company was accredited ISO 9001:2015 Quality Management System in respect of manufacturing of MS Billets HR Strips MS Pipes MS Sections GP Pipes and Scaffoldings.
OrganisationHariom Pipe Industries Ltd
HeadquartersHyderabad
IndustrySteel