HARIOMPIPE
Hariom Pipe Industries Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
HARIOMPIPE
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹390 today
BEAR
₹366
-6%
14.4% a year · 13.1x exit
BASE
₹569
+46%
25% a year · 18.6x exit
BULL
₹885
+127%
34% a year · 27x exit
Where the market has priced it
12x16x today29x
- the guided figure reached earnings through a low-confidence bridge
- multiple band rests on only 4 filed years
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹24.49 (screener) |
|---|---|
| Guided growth | 25% a year, said on the call of 28-May-2026 · transcript |
| Read across as | operating: volume growth, realisation+margin held flat — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 13.05x / 18.59x / 27x, this company’s own p20 / median / p80 across 4 filed years |
| Filed-industry peers | median 19.52x across 25 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 30%volume growth 30%
In the last quarter, you had given a 30% growth for volumes in FY27.
Call 28-May-2026 · bridge confidence low · transcript PDF