HARIOMPIPE vs MAHSEAMLES: Stock Comparison
MAHARASHTRA SEAMLESS is the larger company by market capitalisation. HARIOM PIPE INDUSTRIES L shows a higher ROE, faster revenue growth and a higher ROCE, while MAHARASHTRA SEAMLESS shows a lower P/E, a higher dividend yield and 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 5; MAHSEAMLES leads 6 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 | MAHSEAMLES |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Iron & Steel Products | Iron & Steel Products |
Price
| Metric | HARIOMPIPE | MAHSEAMLES |
|---|---|---|
| Live Price | ₹314.45 | ₹544.85 |
| Day Change | -0.95% | 0.87% |
| Volume | 48,158 | 1.15 L |
| 52-Week High | ₹466.6 | ₹768 |
| 52-Week Low | ₹268.05 | ₹500.7 |
| Distance from 52W High | -32.61% | -29.06% |
Valuation
| Metric | HARIOMPIPE | MAHSEAMLES |
|---|---|---|
| Market Cap | ₹969 Cr | ₹7,314 Cr |
| P/E Ratio | 14.11x | 9.92x |
| P/B Ratio | 1.5x | 1.06x |
| EPS | ₹23.08 | ₹19.88 |
| Book Value | ₹208.78 | ₹513.17 |
| Dividend Yield | 0.24% | 1.85% |
Growth
| Metric | HARIOMPIPE | MAHSEAMLES |
|---|---|---|
| Revenue Growth (TTM YoY) | 26.9% | -12.8% |
| EPS Growth (TTM YoY) | 74.6% | -50.2% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | HARIOMPIPE | MAHSEAMLES |
|---|---|---|
| ROE | 11.73% | 10.47% |
| ROCE | 11.2% | 10.59% |
| Net Margin | 4.54% | 16.58% |
| Operating Margin | 9.44% | 20.53% |
| Debt to Equity | 0.57x | 0x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | HARIOMPIPE | MAHSEAMLES |
|---|---|---|
| Promoter Holding | 57.26% | 70.3%▲ 0.02 pp |
| FII Holding | 10.39%▲ 0.14 pp | 9.93%▲ 0.21 pp |
| DII Holding | 0.1%▲ 0.03 pp | 3.87%▲ 0.03 pp |
| Public Holding | 32.25%▼ 0.17 pp | 15.9%▼ 0.27 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 MAHARASHTRA SEAMLESS.
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.

