Indian Hume Pipe Company Ltd

Indian Hume Pipe Company Ltd

₹ 414 1.84%
15 May 12:07 p.m.
About

The Indian Hume Pipe Co. Ltd. was incorporated in 1926. The Company is in the business of manufacturing, laying and joining of pipelines. The Company has also been undertaking infrastructure development programmes by way of execution on turnkey basis the combined water supply projects. The company also manufactures and supplies Concrete Railway Sleepers to Indian Railways. [1]

Key Points

Products & Services
EPC contracts: Construction, maintenance, laying, and joining of pipelines of various pipe materials, for providing infrastructure facilities of drinking water supply projects, etc

Manufacturing and sale: Bar Wrapped Steel Cylinder pipes (BWSC), Prestressed Concrete Cylinder pipes (PCCP), Manufacturing of Steel pipes, Prestressed Concrete Railway Sleepers, etc. [1]

With an increased focus on EPC contract business, the pipe manufacturing segment contributes less than 10% to the total revenue of the co. [2]

  • Market Cap 2,183 Cr.
  • Current Price 414
  • High / Low 614 / 264
  • Stock P/E 21.5
  • Book Value 261
  • Dividend Yield 0.36 %
  • ROCE 11.4 %
  • ROE 9.20 %
  • Face Value 2.00

Pros

Cons

  • The company has delivered a poor sales growth of -1.69% over past five years.
  • Company has a low return on equity of 9.22% over last 3 years.
  • Promoters have pledged 30.7% of their holding.
  • Earnings include an other income of Rs.554 Cr.
  • Company has high debtors of 159 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
392 360 324 405 454 347 319 319 404 364 354 381 392
346 331 297 368 412 318 287 281 330 306 320 343 336
Operating Profit 45 29 27 37 42 29 32 38 74 58 35 37 56
OPM % 12% 8% 8% 9% 9% 8% 10% 12% 18% 16% 10% 10% 14%
2 16 3 2 2 3 1 2 3 1 2 2 548
Interest 16 14 16 18 20 17 16 16 15 14 16 16 16
Depreciation 4 4 4 4 4 3 3 3 4 3 3 4 4
Profit before tax 27 27 9 17 20 11 14 20 58 42 18 20 584
Tax % 26% 24% 28% 24% 20% 25% 25% 25% 25% 26% 25% 26% 14%
20 21 6 13 16 9 10 15 44 31 13 14 499
EPS in Rs 4.08 4.27 1.31 2.61 3.30 1.62 1.96 2.87 8.29 5.91 2.52 2.73 94.77
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
819 1,010 939 1,792 1,521 1,646 1,624 1,241 1,520 1,543 1,389 1,491
747 900 842 1,586 1,370 1,459 1,433 1,116 1,364 1,400 1,206 1,305
Operating Profit 72 110 97 206 152 186 190 125 157 143 182 186
OPM % 9% 11% 10% 12% 10% 11% 12% 10% 10% 9% 13% 12%
8 13 3 3 3 12 5 27 5 22 9 554
Interest 35 48 45 46 43 54 77 76 66 77 74 62
Depreciation 8 12 10 11 11 12 18 20 17 16 14 15
Profit before tax 38 62 45 153 100 132 100 57 78 72 103 663
Tax % 37% 33% 35% 35% 34% 35% 27% 26% 26% 23% 25% 16%
24 42 29 100 66 86 73 42 58 56 78 558
EPS in Rs 4.97 8.59 6.01 20.57 13.64 17.82 15.15 8.67 11.93 11.50 14.74 105.93
Dividend Payout % 24% 17% 27% 17% 25% 20% 13% 23% 17% 17% 10% 5%
Compounded Sales Growth
10 Years: 4%
5 Years: -2%
3 Years: -1%
TTM: 7%
Compounded Profit Growth
10 Years: 11%
5 Years: 7%
3 Years: 21%
TTM: 32%
Stock Price CAGR
10 Years: 11%
5 Years: 23%
3 Years: 37%
1 Year: 51%
Return on Equity
10 Years: 12%
5 Years: 9%
3 Years: 9%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 5 5 10 10 10 10 10 10 10 11 11
Reserves 249 282 302 390 443 510 559 593 641 686 819 1,366
248 306 318 268 342 474 672 560 587 633 511 458
380 415 439 605 746 796 783 732 736 852 741 902
Total Liabilities 882 1,007 1,063 1,274 1,541 1,790 2,024 1,894 1,973 2,181 2,081 2,736
84 75 73 78 77 90 142 126 127 114 115 153
CWIP 1 0 3 1 2 18 1 1 0 0 1 1
Investments 2 1 0 3 2 3 2 3 4 4 76 180
796 931 987 1,192 1,459 1,679 1,878 1,764 1,842 2,063 1,888 2,402
Total Assets 882 1,007 1,063 1,274 1,541 1,790 2,024 1,894 1,973 2,181 2,081 2,736

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-34 -4 46 152 -31 -5 -32 185 56 19 213 204
-9 6 -10 -21 -18 -54 -60 -9 -15 11 -68 -67
38 4 -48 -42 -10 71 55 -171 -93 -62 -37 -108
Net Cash Flow -5 6 -12 89 -59 12 -36 4 -51 -31 108 29

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 102 121 130 82 114 133 141 163 169 176 174 159
Inventory Days 847 1,094 1,682 190 118 237 195 607 69
Days Payable 438 676 992 1,004 1,079 1,660 1,361 2,012 174
Cash Conversion Cycle 510 539 821 -733 -847 -1,290 -1,026 163 169 176 -1,231 54
Working Capital Days 175 175 204 96 157 168 206 247 224 249 268 291
ROCE % 15% 18% 15% 31% 20% 21% 16% 11% 12% 12% 13% 11%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
69.92% 69.93% 69.93% 69.93% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34%
0.28% 0.34% 0.19% 0.04% 0.03% 0.90% 0.68% 0.45% 0.92% 0.83% 0.66% 0.56%
2.05% 2.00% 1.74% 1.48% 0.91% 2.21% 2.21% 2.21% 2.21% 2.20% 2.20% 2.20%
27.75% 27.72% 28.15% 28.54% 26.70% 24.54% 24.76% 24.99% 24.52% 24.60% 24.78% 24.89%
No. of Shareholders 25,29025,10525,43725,17325,36923,37424,22426,00127,37029,02128,22227,657

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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