HARIOMPIPE

As of 17 October 2025, the valuation grade for Hariom Pipe has moved from attractive to very attractive. The company is currently considered undervalued. Key ratios include a PE Ratio of 21.07, an EV to EBITDA of 9.44, and a ROCE of 13.57%. In comparison to its peers, Hariom Pipe's PE Ratio is significantly lower than that of JSW Steel, which stands at 55.74, and Tata Steel at 44.31, indicating a more favorable valuation relative to these competitors. Additionally, the EV to EBITDA ratio of 9.44 is more attractive than Jindal Steel's 11.94. Despite recent stock performance lagging behind the Sensex, with a 1-year return of -27.09% compared to the Sensex's 3.64%, the underlying valuation metrics suggest that Hariom Pipe presents a compelling investment opportunity