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HARIOM PIPE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HARIOM PIPE INDUSTRIES is 16.59.

Share Price ₹405.1Jun 08,2026
Market Cap ₹1,255.8 Cr
Earnings-TTM₹75.7 CrTTM-Consolidated Results
Price/Earnings16.59xCalculated 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 [ ₹1,255.8 Cr] as on Jun 08,2026

(/) Earnings [ ₹75.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 16.59x ]

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 16.59 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 16.59x.

- HARIOM PIPE INDUSTRIES 's p/e ratio for fiscal years ending Mar2025 to Mar2024 averaged 19.84x.

- HARIOM PIPE INDUSTRIES 's operated at median p/e ratio of 22.97x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, HARIOM PIPE INDUSTRIES 's p/e ratio peaked in Mar2024 at 22.97x.

- HARIOM PIPE INDUSTRIES 's p/e ratio hit its five-year low in Mar2025 of 16.7x.


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 75.7116.591,255.8
JSW STEEL LTD25,983.0011.87308,360.0
TATA STEEL LTD10,517.3024.08253,227.0
STEEL AUTHORITY OF INDIA LTD2,947.4125.7976,001.7
JINDAL STAINLESS LTD3,167.8417.2954,762.1
APL APOLLO TUBES LTD1,203.1042.0650,604.6
WELSPUN CORP LTD1,278.1527.7335,442.9
SHYAM METALICS AND ENERGY LTD1,060.0725.6727,207.0
GODAWARI POWER AND ISPAT LTD795.5523.6118,786.2
SARDA ENERGY & MINERALS LTD1,063.3117.8318,961.6
RATNAMANI METALS & TUBES LTD534.4733.4017,853.1

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 11.87x
Max industry PE 42.06x
Median industry PE 24.08x
Average industry PE 24.17x



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