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HARIOM PIPE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HARIOM PIPE INDUSTRIES is 21.84.

Share Price ₹477.9Oct 15,2025
Market Cap ₹1,481.5 Cr
Earnings-TTM₹67.8 CrTTM-Standalone Results
Price/Earnings21.84xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HARIOM PIPE INDUSTRIES

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of HARIOM PIPE INDUSTRIES is calculated as :

Current Market Cap [ ₹1,481.5 Cr] as on Oct 15,2025

(/) Earnings [ ₹67.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 21.84x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for HARIOM PIPE INDUSTRIES , the investors are currently willing to pay 21.84 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of HARIOM PIPE INDUSTRIES !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of HARIOM PIPE INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of HARIOM PIPE INDUSTRIES


PE Ratio Performance Analysis for HARIOM PIPE INDUSTRIES

- HARIOM PIPE INDUSTRIES 's latest p/e ratio is 21.84x.

- HARIOM PIPE INDUSTRIES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 13.60x.

- HARIOM PIPE INDUSTRIES 's operated at median p/e ratio of 16.7x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HARIOM PIPE INDUSTRIES 's p/e ratio peaked in Mar2023 at 28.32x.

- HARIOM PIPE INDUSTRIES 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does HARIOM PIPE INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HARIOM PIPE INDUSTRIES 67.8421.841,481.5
JSW STEEL LTD5,232.0054.24283,758.0
TATA STEEL LTD4,084.5552.92216,151.0
JINDAL STAINLESS LTD2,624.2424.6064,568.5
STEEL AUTHORITY OF INDIA LTD2,581.3720.8453,800.1
APL APOLLO TUBES LTD801.0660.1248,157.4
MOTHERSON SUMI WIRING INDIA LTD600.0951.2130,731.1
SHYAM METALICS AND ENERGY LTD923.7027.6725,554.5
WELSPUN CORP LTD1,385.6515.7121,764.7
RATNAMANI METALS & TUBES LTD562.8328.6616,132.4
SARDA ENERGY & MINERALS LTD909.7421.2519,329.9

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs HARIOM PIPE INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 15.71x
Max industry PE 60.12x
Median industry PE 27.67x
Average industry PE 34.46x



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