Is Hariom Pipe overvalued or undervalued?

Jun 09 2025 04:37 PM IST
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As of April 1, 2025, Hariom Pipe is considered fairly valued with a PE ratio of 21.26 and an attractive valuation grade, especially compared to peers like JSW Steel and Tata Steel, despite recent volatility in its market performance.
As of 1 April 2025, the valuation grade for Hariom Pipe has moved from very attractive to attractive. The company is currently assessed as fairly valued. Key ratios include a PE ratio of 21.26, an EV to EBITDA of 9.38, and a ROCE of 14.17%.
In comparison to peers, JSW Steel Ltd. has a significantly higher PE ratio of 64.98, while Tata Steel Ltd. shows a PE of 51.92, indicating that Hariom Pipe is relatively more attractively priced within its industry. Recent performance shows that while the stock has outperformed the Sensex over the past week and month, it has underperformed year-to-date and over the last year, suggesting volatility in its market position.
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