What we do Hariom Pipe Industries Ltd is a leading vertically integrated manufacturer of Mild Steel Pipes, Scaffoldings, HR Strips, MS Billets and Sponge Iron, serving construction, infrastructure, automotive, and power sectors. |
Founded in 2,007 |
Market share 13% market share in India's thin steel segment; expanding strongly in Southern and Western India. |
Problem solved Provides high-quality, customizable steel products addressing diverse infrastructural and industrial needs with efficient cost and quality control via integrated operations. |
Top clients or who we serve Primarily B2B, serving dealers, contractors, fabricators across housing, infrastructure, agriculture, automotive, power, solar and engineering sectors. |
Key management Mr. Rupesh Kumar Gupta (Managing Director), Mr. Sailesh Gupta (Whole-time Director), Mr. Amitabha Bhattacharya (CFO), Mrs. Rekha Singh (Company Secretary). |
Our journey and innovations Founded in 2007; changed to public company in 2018; expanded capacities continually; entered solar power sector in 2025; integrated backward from sponge iron to MS pipes. |
Where we operate Mainly Southern and Western India with presence in eight additional states; operates 5 manufacturing units and strong nationwide dealer network. |
Top products or what we offer MS Pipes, Scaffolding, HR Strips, MS Billets, Sponge Iron, Galvanized Pipes and Coils, Value-added thin steel products. |
Top brands Hariom Pipes (recognized brand for MS Pipes and Scaffoldings); value-added steel products with over 800 SKUs. |
Raw materials needed Iron ore, steel scrap, sponge iron, coal and energy (including renewable sources). |
Raw materials supplier Supports backward integration mostly; external suppliers for iron ore and hot rolled coils. |
Recurring vs cyclical contribution Majority revenue is recurring from regular B2B sales through distributors and direct clients serving long-term infrastructure projects. |
Our industry position Strong industry standing with integrated manufacturing, technological edge, and wide distribution network in thin steel products. |
Financial highlights FY25 Revenue: Rs.1357 crore; Net Profit: Rs.61.7 crore; EBITDA margin ~13%; consistent double-digit CAGR over 5 years. |
Geographical revenue split Entire revenue primarily from domestic Indian markets; focus on Southern and Western regions. |
Order book - |
Whats driving growth Capacity expansion, value-added product focus, integrated operations, and growth in construction and renewable energy sectors. |
Our future plans Capacity expansions, sustaining green energy projects, and new product innovations targeting solar and infrastructure sectors. |
Our green promise Solar-powered manufacturing, bio-gas fuelled plants, recycled steel use (~33-35%), and ISO 14001:2015 certification for environment management. |
Our people and values Committed workforce with strong leadership; culture emphasizes sustainability, innovation, customer focus, and corporate governance. |
Key challenges ahead Raw material price volatility, regulatory compliance, competition, and maintaining growth while scaling operations. |
Interesting facts Installed a 60 MW solar plant; integrated manufacturing from sponge iron to finished pipes; successful IPO in 2022 raising Rs.130 crore. |
Risks and strategy Address raw material and logistics risks via backward integration; mitigate market cyclicality through diversified product portfolio and dealer network. |
