Indian Hume Pipe Company Ltd

Indian Hume Pipe Company Ltd

₹ 308 -2.14%
18 May - close price
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 1,622 Cr.
  • Current Price 308
  • High / Low 490 / 280
  • Stock P/E 17.5
  • Book Value 282
  • Dividend Yield 0.58 %
  • ROCE 9.14 %
  • ROE 6.48 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.09 times its book value

Cons

  • The company has delivered a poor sales growth of 1.01% over past five years.
  • Company has a low return on equity of 8.22% over last 3 years.
  • Earnings include an other income of Rs.109 Cr.

* 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
454 347 319 319 404 364 354 381 392 307 365 282 351
412 318 287 281 330 306 320 343 336 274 313 260 313
Operating Profit 42 29 32 38 74 58 35 37 56 34 52 22 38
OPM % 9% 8% 10% 12% 18% 16% 10% 10% 14% 11% 14% 8% 11%
2 3 1 2 3 1 2 2 548 12 12 75 11
Interest 20 17 16 16 15 14 16 16 16 12 12 12 12
Depreciation 4 3 3 3 4 3 3 4 4 5 5 5 5
Profit before tax 20 11 14 20 58 42 18 20 584 29 46 80 32
Tax % 20% 25% 25% 25% 25% 26% 25% 26% 14% 25% 25% 23% 29%
16 9 10 15 44 31 13 14 499 22 35 62 23
EPS in Rs 3.30 1.62 1.96 2.87 8.29 5.91 2.52 2.73 94.77 4.16 6.58 11.68 4.36
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,010 939 1,792 1,521 1,646 1,624 1,241 1,520 1,543 1,389 1,491 1,306
900 842 1,586 1,370 1,459 1,433 1,116 1,364 1,400 1,206 1,296 1,160
Operating Profit 110 97 206 152 186 190 125 157 143 182 195 146
OPM % 11% 10% 12% 10% 11% 12% 10% 10% 9% 13% 13% 11%
13 3 3 3 12 5 27 5 22 9 554 109
Interest 48 45 46 43 54 77 76 66 77 74 71 47
Depreciation 12 10 11 11 12 18 20 17 16 14 15 20
Profit before tax 62 45 153 100 132 100 57 78 72 103 663 188
Tax % 33% 35% 35% 34% 35% 27% 26% 26% 23% 25% 16% 25%
42 29 100 66 86 73 42 58 56 78 558 141
EPS in Rs 8.59 6.01 20.57 13.64 17.82 15.15 8.67 11.93 11.50 14.74 105.93 26.79
Dividend Payout % 17% 27% 17% 25% 20% 13% 23% 17% 17% 10% 5% 19%
Compounded Sales Growth
10 Years: 3%
5 Years: 1%
3 Years: -5%
TTM: -12%
Compounded Profit Growth
10 Years: 12%
5 Years: 18%
3 Years: 19%
TTM: -8%
Stock Price CAGR
10 Years: 6%
5 Years: 12%
3 Years: 30%
1 Year: -25%
Return on Equity
10 Years: 11%
5 Years: 8%
3 Years: 8%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5 5 10 10 10 10 10 10 10 11 11 11
Reserves 282 302 390 443 510 559 593 641 686 819 1,366 1,474
306 318 268 342 474 672 560 587 633 511 458 417
415 439 605 746 796 783 732 736 852 741 902 902
Total Liabilities 1,007 1,063 1,274 1,541 1,790 2,024 1,894 1,973 2,181 2,081 2,736 2,804
75 73 78 77 90 142 126 127 114 115 153 147
CWIP 0 3 1 2 18 1 1 0 0 1 1 1
Investments 1 0 3 2 3 2 3 4 4 76 180 401
931 987 1,192 1,459 1,679 1,878 1,764 1,842 2,063 1,888 2,402 2,254
Total Assets 1,007 1,063 1,274 1,541 1,790 2,024 1,894 1,973 2,181 2,081 2,736 2,804

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-4 46 152 -31 -5 -32 185 56 19 213 204 294
6 -10 -21 -18 -54 -60 -9 -15 11 -68 -67 -151
4 -48 -42 -10 71 55 -171 -93 -62 -37 -108 -106
Net Cash Flow 6 -12 89 -59 12 -36 4 -51 -31 108 29 37
Free Cash Flow -0 35 133 -42 -44 -76 182 52 17 210 697 345
CFO/OP 12% 72% 96% 7% 21% 0% 162% 53% 23% 131% 114% 227%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 121 130 82 114 133 141 163 169 176 174 159 136
Inventory Days 1,094 1,682 190 118 237 195 607 615 96
Days Payable 676 992 1,004 1,079 1,660 1,361 2,012 1,548 178
Cash Conversion Cycle 539 821 -733 -847 -1,290 -1,026 163 169 176 -1,231 -774 54
Working Capital Days 75 89 45 77 63 68 106 89 103 137 137 222
ROCE % 18% 15% 31% 20% 21% 16% 11% 12% 12% 13% 12% 9%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Factories
Number

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Number of Projects in Hand
Number
Production of BWSC Pipes
Kms
Production of PCCP Pipes
Kms
Production of PSC Pipes
Kms
Production of Railway Sleepers
Numbers
Order Book Position
Rs. Crores
Average Collection Days
Days

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34% 72.34%
0.03% 0.90% 0.68% 0.45% 0.92% 0.83% 0.66% 0.56% 0.52% 0.42% 0.46% 0.39%
0.91% 2.21% 2.21% 2.21% 2.21% 2.20% 2.20% 2.20% 2.20% 2.20% 2.20% 2.20%
26.70% 24.54% 24.76% 24.99% 24.52% 24.60% 24.78% 24.89% 24.93% 25.04% 25.00% 25.07%
No. of Shareholders 25,36923,37424,22426,00127,37029,02128,22227,65727,72226,83325,80525,454

* 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.

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