Is Hariom Pipe Industries the Best Stock in Its Sector? A Look at the Numbers
- September 28, 2026
- Posted by: Kunal Singla
- Category: Market
Hariom Pipe Industries CMP Rs 342 (28 Sep 2026). Market cap Rs 1,067 Cr. ROE 11.71%. P/E 15.53x versus Industry P/E 23.96x.
Quick Answer
Hariom Pipe Industries is one of the names investors compare when screening the Iron & Steel sector, built on a 11.71% return on equity and a P/E of 15.53x against an Industry P/E of 23.96x. Whether Hariom Pipe Industries is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Iron & Steel sector peers, so you can judge that for yourself.
Is Hariom Pipe Industries the best stock in its sector? The stock trades on the NSE at Rs 342 as of 28 September 2026, within its 52-week range of Rs 268.05 to Rs 528.95. Hariom Pipe Industries Ltd manufactures mild steel pipes and tubes for infrastructure and industrial use.
Hariom Pipe Industries sits in the Iron & Steel sector, and its 11.71% ROE and 15.53x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Hariom Pipe Industries
Hariom Pipe Industries Ltd manufactures mild steel pipes and tubes for infrastructure and industrial use. The stock has pulled back sharply from its 52-week high. At a market capitalisation of Rs 1,067 Cr, it is tracked as part of the Iron & Steel sector on Univest.
Is Hariom Pipe Industries the Best Stock in Its Sector?
Hariom Pipe Industries makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 11.71% ROE with a 15.53x P/E against the sector’s 23.96x Industry P/E. Hariom Pipe Industries’ 15.53x P/E is below the 23.96x Industry P/E with an 11.71% ROE, though the stock has fallen sharply from its 52-week high.
| Metric | Hariom Pipe Industries |
|---|---|
| CMP (NSE) | Rs 342.00 |
| 52-Week High / Low | Rs 528.95 / Rs 268.05 |
| Market Cap | Rs 1,067 Cr |
| P/E (TTM) vs Industry P/E | 15.53x vs 23.96x |
| P/B | 1.65 |
| ROE | 11.71% |
| EPS (TTM) | Rs 22.19 |
| Dividend Yield | 0.22% |
| Debt to Equity | 0.58 |
Compare Hariom Pipe Industries Against Other Iron & Steel Sector Stocks
How Hariom Pipe Industries Compares Against Its Iron & Steel Sector Peers
The table below sets Hariom Pipe Industries against 2 other Iron & Steel sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Hariom Pipe Industries | 1,067 | 15.53 | 11.71% | 0.58 |
| Goodluck India | 5,290 | 25.24 | 12.12% | 0.75 |
| Geekay Wires | 349 | 12.19 | 17.54% | 0.84 |
| Peer average (2 companies) | – | 18.71 | 14.83% | 0.79 |
Against this peer set, Hariom Pipe Industries’s 11.71% ROE is below the 14.83% peer average, and its P/E of 15.53x runs below the peer average of 18.71x. Hariom Pipe Industries’ 15.53x P/E is below the 23.96x Industry P/E with an 11.71% ROE, though the stock has fallen sharply from its 52-week high.
What Makes Hariom Pipe Industries Worth Watching in Iron & Steel
- Below Industry P/E: A 15.53x P/E against a 23.96x Industry P/E is a discount for a business with an 11.71% ROE.
- Solid ROE: An 11.71% ROE is a reasonable figure for a steel pipe manufacturer.
- Moderate leverage: A debt to equity ratio of 0.58 is manageable for a working capital heavy steel business.
Hariom Pipe Industries Valuation: Is It Justified?
Hariom Pipe Industries’ 15.53x P/E is below the 23.96x Industry P/E with an 11.71% ROE, though the stock has fallen sharply from its 52-week high. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Godrej Agrovet the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Hariom Pipe Industries and other Iron & Steel sector stocks.
How to Track Hariom Pipe Industries Before You Invest
Before deciding whether Hariom Pipe Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Iron & Steel sector peers using the steps below.
- Open the Univest Screener and search for Hariom Pipe Industries to view live price, valuation ratios, and peer comparisons within the Iron & Steel sector.
- Compare its P/E, P/B, and ROE against other Iron & Steel sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Hariom Pipe Industries earns a place in the best stock in its sector conversation on the strength of a 11.71% ROE and a P/E of 15.53x against a 23.96x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Hariom Pipe Industries the best stock in its sector?
Ans. Hariom Pipe Industries has a 11.71% ROE and trades at 15.53x P/E against a 23.96x Industry P/E, and compares below the peer average ROE of 14.83% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Hariom Pipe Industries?
Ans. Hariom Pipe Industries was trading at Rs 342.00 on the NSE as of 28 September 2026, within its 52-week range of Rs 268.05 to Rs 528.95.
What sector does Hariom Pipe Industries belong to?
Ans. Hariom Pipe Industries is classified under the Iron & Steel sector on Univest.
How does Hariom Pipe Industries compare to its sector peers on P/E?
Ans. Hariom Pipe Industries’s P/E of 15.53x is below the 18.71x average of the 2 named peers compared in this article.
What is Hariom Pipe Industries’s return on equity?
Ans. Hariom Pipe Industries reported a return on equity of 11.71%, which is below the 14.83% average of its named peers in this comparison.
Should I invest in Hariom Pipe Industries based on its sector position?
Ans. Hariom Pipe Industries’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
