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About the Company:
Founded-2007
Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The firm caters to the southern and western Indian markets. The firm manufactures MS Pipes and Scaffoldings of more than one hundred fifty (150) different specifications and cater, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power, and engineering.
Hariom’s integrated plant at Mahabubnagar District in Telangana (Unit I) manufactures finished steel products from iron scrap and Sponge Iron and our other plant at Anantapur District, Andhra Pradesh (Unit II) exclusively manufactures Sponge Iron. Unit II is located near Bellary, which is one of the hubs in South India for iron ore production.
The company sells MS Pipes through more than two hundred (200) distributors and dealers. It also sells MS Pipes and Scaffoldings to certain developers and contractors directly as B2B sales. Hariom pipes believe that its key differentiator is its range of product specifications in terms of thickness, length, quality, availability, and customized products.
Outstanding Litigation:
S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
Criminal cases | - | 1 | - | - | - | - |
Material civil cases | 1 | - | - | 1 | - | - |
Taxation matters | 3 | 7 | - | - | - | - |
Regulatory Procedings | - | - | - | - | - | - |
Financial Statements:
Income Statement (In lakhs) | FY21 | FY20 | FY19 | |
Gross Operating Income | 25,482.31 | 16,115.05 | 13,391.56 | |
Cost of Employee Benefit | 950.55 | 829.62 | 581.07 | |
Other Expenses | 21,985.59 | 13,729.14 | 11,656.71 | |
EBITDA | 3,496.72 | 2,385.91 | 1,734.85 | |
Depreciation | 625.77 | 516.37 | 215.43 | |
Interest | 751.21 | 737.07 | 354.63 | |
Profit Before Tax | 2,119.74 | 1,132.47 | 1,164.79 | |
Tax | 606.54 | 341.64 | 362.79 | |
Profit After Tax | 1,513.20 | 790.83 | 802 | |
Rupesh Kumar Gupta And Sailesh Gupta
• APL Apollo Tubes Ltd. • Hi-Tech Pipes Ltd • Rama Steel Tubes Ltd. • JTL Infra Ltd
Proceeds from the sale of shares worth Rs120 crores will be utilized for: • To fund capital expenditure • Working capital requirement • Towards expenses for general corporate purpose