Hariom Pipe Industries Limited (HARIOMPIPE) - Net Assets

Latest as of September 2025: Rs6.05 Billion INR ≈ $65.41 Million USD

Based on the latest financial reports, Hariom Pipe Industries Limited (HARIOMPIPE) has net assets worth Rs6.05 Billion INR (≈ $65.41 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs11.43 Billion ≈ $123.66 Million USD) and total liabilities (Rs5.39 Billion ≈ $58.25 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 asset resilience ratio of Hariom Pipe Industries Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs6.05 Billion
% of Total Assets	52.89%
Annual Growth Rate	36.82%
5-Year Change	708.98%
10-Year Change	4150.94%
Growth Volatility	75.49

Hariom Pipe Industries Limited - Net Assets Trend (2013–2025)

This chart illustrates how Hariom Pipe Industries Limited's net assets have evolved over time, based on quarterly financial data. Also explore HARIOMPIPE total assets for the complete picture of this company's asset base.

Annual Net Assets for Hariom Pipe Industries Limited (2013–2025)

The table below shows the annual net assets of Hariom Pipe Industries Limited from 2013 to 2025. For live valuation and market cap data, see how much is Hariom Pipe Industries Limited worth.

Year	Net Assets	Change
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 grown by 10416.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs2.33 Billion	40.68%
Common Stock	Rs309.67 Million	5.41%
Other Comprehensive Income	Rs12.66 Million	0.22%
Other Components	Rs3.07 Billion	53.69%
Total Equity	Rs5.73 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
MDxHealth SA ADR NASDAQ:MDXH	$111.46 Million
Western Investment Company of Canada Limited V:WI	$111.46 Million
Eco World International Bhd KLSE:5283	$111.47 Million
Roots Corp TO:ROOT	$111.48 Million
Rithm Property Trust Inc. NYSE:RPT	$111.38 Million
Suzhou Goldengreen Technologies Ltd SHE:002808	$111.31 Million
PepGen Ltd NASDAQ:PEPG	$111.28 Million
Hyundai Everdigm Corp KQ:041440	$111.24 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 2024 to 2025, total equity changed from 4,641,175,000 to 5,726,742,000, a change of 1,085,567,000 (23.4%).
Net income of 617,260,000 contributed positively to equity growth.
Dividend payments of 18,575,000 reduced retained earnings.
New share issuances of 543,935,000 increased equity.
Other comprehensive income decreased equity by 181,312,000.
Other factors increased equity by 124,259,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs617.26 Million	+10.78%
Dividends Paid	Rs18.57 Million	-0.32%
Share Issuances	Rs543.93 Million	+9.5%
Other Comprehensive Income	Rs-181.31 Million	-3.17%
Other Changes	Rs124.26 Million	+2.17%
Total Change	Rs-	23.39%

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: 1.80x
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 37.75x to 1.80x 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	Rs332.75	x
2014-03-31	Rs8.84	Rs332.75	x
2015-03-31	Rs8.92	Rs332.75	x
2016-03-31	Rs10.08	Rs332.75	x
2017-03-31	Rs11.12	Rs332.75	x
2019-03-31	Rs14.17	Rs332.75	x
2020-03-31	Rs18.96	Rs332.75	x
2021-03-31	Rs45.85	Rs332.75	x
2022-03-31	Rs39.65	Rs332.75	x
2023-03-31	Rs148.53	Rs332.75	x
2024-03-31	Rs149.86	Rs332.75	x
2025-03-31	Rs184.91	Rs332.75	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): 10.78%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.55%
• Asset Turnover: 1.13x
• Equity Multiplier: 2.09x
Recent ROE (10.78%) is below the historical average (11.02%), suggesting potential challenges in 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

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: $46,406,041
Average return on equity (ROE) among peers: 13.98%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hariom Pipe Industries Limited (HARIOMPIPE)	Rs6.05 Billion	4.92%	0.89x	$111.44 Million
Ankit Metal & Power Limited (ANKITMETAL)	$4.99 Billion	10.25%	2.32x	$2.44 Million
APL Apollo Tubes Limited (APLAPOLLO)	$155.16 Million	43.49%	4.18x	$5.72 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$4.61 Billion	15.96%	1.74x	$501.93 Million
Bedmutha Industries Limited (BEDMUTHA)	$-1.62 Billion	0.00%	0.00x	$38.63 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$222.58 Million	9.47%	2.22x	$164.68 Million
Electrotherm (India) Limited (ELECTHERM)	$-10.96 Billion	0.00%	0.00x	$111.23 Million
Grand Foundry Limited (GFSTEELS)	$-32.83 Million	0.00%	0.00x	$4.07 Million
Goodluck India Limited (GOODLUCK)	$978.14 Million	20.56%	2.88x	$451.00 Million
Godawari Power And Ispat limited (GPIL)	$2.07 Billion	26.10%	1.64x	$2.08 Billion

About Hariom Pipe Industries Limited

NSE:HARIOMPIPE India Steel

Market Cap

$111.44 Million

Rs10.30 Billion INR

Market Cap Rank

#18766 Global

#995 in India

Share Price

Rs332.75

Change (1 day)

+0.71%

52-Week Range

Rs270.15 - Rs550.15

All Time High

Rs868.03