HARIOMPIPE vs MAHASTEEL: Stock Comparison
MAHASTEEL is the larger company by market capitalisation. HARIOM PIPE INDUSTRIES L shows a lower P/E, a higher ROE and a higher dividend yield, while MAHASTEEL shows lower leverage. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
HARIOMPIPE leads 10; MAHASTEEL leads 2 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | HARIOMPIPE | MAHASTEEL |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Iron & Steel Products | Iron & Steel Products |
Price
| Metric | HARIOMPIPE | MAHASTEEL |
|---|---|---|
| Live Price | ₹359.2 | ₹1,021.4 |
| Day Change | -0.72% | -2.38% |
| Volume | 66,567 | 3,551 |
| 52-Week High | ₹572.2 | ₹1,103.7 |
| 52-Week Low | ₹268.05 | ₹381.25 |
| Distance from 52W High | -37.22% | -7.46% |
Valuation
| Metric | HARIOMPIPE | MAHASTEEL |
|---|---|---|
| Market Cap | ₹1,116 Cr | ₹2,122 Cr |
| P/E Ratio | 16.44x | 212.34x |
| P/B Ratio | 1.75x | 13.37x |
| EPS | ₹5.37 | ₹1.3 |
| Book Value | ₹209.65 | ₹96.59 |
| Dividend Yield | 0.17% | 0% |
Growth
| Metric | HARIOMPIPE | MAHASTEEL |
|---|---|---|
| Revenue Growth (TTM YoY) | 26.9% | 0% |
| EPS Growth (TTM YoY) | 74.6% | 0% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | -4.41% | -0.34% |
Profitability & Leverage
| Metric | HARIOMPIPE | MAHASTEEL |
|---|---|---|
| ROE | 11.73% | 5.9% |
| ROCE | 11.2% | 5.96% |
| Net Margin | 4.54% | 1.09% |
| Operating Margin | 9.44% | 1.94% |
| Debt to Equity | 0.57x | 0.39x |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | HARIOMPIPE | MAHASTEEL |
|---|---|---|
| Promoter Holding | 57.26% | 72.8% |
| FII Holding | 10.25%▲ 0.76 pp | 0%▼ 0.06 pp |
| DII Holding | 0.07%▲ 0.01 pp | 0% |
| Public Holding | 32.42%▼ 0.77 pp | 27.19%▲ 0.05 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: HARIOM PIPE INDUSTRIES L and MAHASTEEL.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

