Hariom Pipe Industries Limited (HARIOMPIPE) - Net Assets
Based on the latest financial reports, Hariom Pipe Industries Limited (HARIOMPIPE) has net assets worth Rs6.49 Billion INR (≈ $70.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs12.20 Billion ≈ $131.93 Million USD) and total liabilities (Rs5.71 Billion ≈ $61.71 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is Hariom Pipe Industries Limited's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs6.49 Billion |
| % of Total Assets | 53.22% |
| Annual Growth Rate | 34.86% |
| 5-Year Change | 542.71% |
| 10-Year Change | 4166.92% |
| Growth Volatility | 73.09 |
Hariom Pipe Industries Limited - Net Assets Trend (2013–2026)
This chart illustrates how Hariom Pipe Industries Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Hariom Pipe Industries Limited (HARIOMPIPE) market capitalisation.
Annual Net Assets for Hariom Pipe Industries Limited (2013–2026)
The table below shows the annual net assets of Hariom Pipe Industries Limited from 2013 to 2026. Also explore HARIOMPIPE net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs6.49 Billion ≈ $70.21 Million |
+13.37% |
| 2025-03-31 | Rs5.73 Billion ≈ $61.93 Million |
+23.39% |
| 2024-03-31 | Rs4.64 Billion ≈ $50.19 Million |
+23.71% |
| 2023-03-31 | Rs3.75 Billion ≈ $40.57 Million |
+271.39% |
| 2022-03-31 | Rs1.01 Billion ≈ $10.92 Million |
+42.70% |
| 2021-03-31 | Rs707.89 Million ≈ $7.66 Million |
+46.56% |
| 2020-03-31 | Rs482.99 Million ≈ $5.22 Million |
+33.83% |
| 2019-03-31 | Rs360.90 Million ≈ $3.90 Million |
+114.89% |
| 2017-03-31 | Rs167.95 Million ≈ $1.82 Million |
+10.38% |
| 2016-03-31 | Rs152.16 Million ≈ $1.65 Million |
+12.95% |
| 2015-03-31 | Rs134.72 Million ≈ $1.46 Million |
+0.87% |
| 2014-03-31 | Rs133.55 Million ≈ $1.44 Million |
+0.35% |
| 2013-03-31 | Rs133.09 Million ≈ $1.44 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hariom Pipe Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs309.67 Million | 4.79% |
| Other Comprehensive Income | Rs6.16 Billion | 95.21% |
| Total Equity | Rs6.47 Billion | 100.00% |
Hariom Pipe Industries Limited Competitors by Market Cap
The table below lists competitors of Hariom Pipe Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Waton Financial Limited Ordinary Shares
NASDAQ:WTF
|
$121.56 Million |
|
Uniquest
KO:077500
|
$121.64 Million |
|
Tera Autotech
TWO:6234
|
$121.76 Million |
|
Shanghai Huayi Group Corp Ltd B
SHG:900909
|
$121.79 Million |
|
Cibus Global LLC
NASDAQ:CBUS
|
$121.52 Million |
|
PRL Global Ltd
AU:PRG
|
$121.46 Million |
|
Lake Superior Acquisition Corp. Class A Ordinary Shares
NASDAQ:LKSP
|
$121.39 Million |
|
RumbleON Inc
NASDAQ:RMBL
|
$121.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hariom Pipe Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 5,726,742,000 to 6,465,302,000, a change of 738,560,000 (12.9%).
- Net income of 757,078,000 contributed positively to equity growth.
- Dividend payments of 18,890,000 reduced retained earnings.
- New share issuances of 27,100,000 increased equity.
- Other comprehensive income increased equity by 6,142,969,000.
- Other factors decreased equity by 6,169,697,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs757.08 Million | +11.71% |
| Dividends Paid | Rs18.89 Million | -0.29% |
| Share Issuances | Rs27.10 Million | +0.42% |
| Other Comprehensive Income | Rs6.14 Billion | +95.01% |
| Other Changes | Rs-6.17 Billion | -95.43% |
| Total Change | Rs- | 12.90% |
Book Value vs Market Value Analysis
This analysis compares Hariom Pipe Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 41.18x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs8.81 | Rs362.90 | x |
| 2014-03-31 | Rs8.84 | Rs362.90 | x |
| 2015-03-31 | Rs8.92 | Rs362.90 | x |
| 2016-03-31 | Rs10.08 | Rs362.90 | x |
| 2017-03-31 | Rs11.12 | Rs362.90 | x |
| 2019-03-31 | Rs14.17 | Rs362.90 | x |
| 2020-03-31 | Rs18.96 | Rs362.90 | x |
| 2021-03-31 | Rs45.85 | Rs362.90 | x |
| 2022-03-31 | Rs39.65 | Rs362.90 | x |
| 2023-03-31 | Rs148.53 | Rs362.90 | x |
| 2024-03-31 | Rs149.86 | Rs362.90 | x |
| 2025-03-31 | Rs184.91 | Rs362.90 | x |
| 2026-03-31 | Rs208.80 | Rs362.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hariom Pipe Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.54%
- • Asset Turnover: 1.37x
- • Equity Multiplier: 1.89x
- Recent ROE (11.71%) is above the historical average (11.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 4.92% | 0.84% | 2.49x | 2.35x | Rs-6.76 Million |
| 2014 | 0.35% | 0.06% | 2.35x | 2.68x | Rs-12.89 Million |
| 2015 | 0.90% | 0.17% | 1.71x | 3.02x | Rs-12.26 Million |
| 2016 | -10.33% | -2.13% | 1.47x | 3.30x | Rs-30.94 Million |
| 2017 | 9.40% | 1.81% | 1.84x | 2.82x | Rs-1.00 Million |
| 2019 | 22.22% | 6.00% | 1.29x | 2.86x | Rs44.11 Million |
| 2020 | 16.37% | 4.92% | 1.15x | 2.89x | Rs30.78 Million |
| 2021 | 21.38% | 5.95% | 1.46x | 2.45x | Rs80.53 Million |
| 2022 | 31.64% | 7.42% | 1.99x | 2.14x | Rs218.56 Million |
| 2023 | 12.32% | 7.18% | 0.91x | 1.89x | Rs86.91 Million |
| 2024 | 12.24% | 4.93% | 1.31x | 1.90x | Rs103.88 Million |
| 2025 | 10.78% | 4.55% | 1.13x | 2.09x | Rs44.59 Million |
| 2026 | 11.71% | 4.54% | 1.37x | 1.89x | Rs110.55 Million |
Industry Comparison
This section compares Hariom Pipe Industries Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $1,759,511,699
- Average return on equity (ROE) among peers: 10.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hariom Pipe Industries Limited (HARIOMPIPE) | Rs6.49 Billion | 4.92% | 0.88x | $121.54 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $-100.86 Million | 0.00% | 0.00x | $2.64 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $3.68 Billion | 18.67% | 1.71x | $6.82 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $525.87 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $-209.12 Million | 0.00% | 0.00x | $36.55 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $676.44 Million | 2.18% | 1.17x | $128.43 Million |
| Electrotherm (India) Limited (ELECTHERM) | $587.16 Million | 32.01% | 5.36x | $127.54 Million |
| Grand Foundry Limited (GFSTEELS) | $-64.92 Million | 0.00% | 0.00x | $8.37 Million |
| Goodluck India Limited (GOODLUCK) | $2.10 Billion | 15.61% | 2.20x | $185.93 Million |
| Godawari Power And Ispat limited (GPIL) | $4.56 Billion | 13.49% | 0.95x | $1.64 Billion |
About Hariom Pipe Industries Limited
Hariom Pipe Industries Limited manufactures and sells iron and steel products in India. It offers mild steel pipes, tubes, and billets; hot and cold rolled square, rectangular, and circular pipes and tubes; hot dipped galvanized pipes; pre galvanized pipes; and cold rolled full hard, pre galvanized, hot rolled pickled and oiled, and cold rolled closed annealed slit coils. The company also provide… Read more