Indian Hume Pipe Company Ltd
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]
- Market Cap ₹ 2,159 Cr.
- Current Price ₹ 409
- High / Low ₹ 490 / 281
- Stock P/E 20.2
- Book Value ₹ 266
- Dividend Yield 0.44 %
- ROCE 11.9 %
- ROE 9.17 %
- 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 9.20% over last 3 years.
- Promoters have pledged or encumbered 30.7% of their holding.
- Earnings include an other income of Rs.574 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.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 819 | 1,010 | 939 | 1,792 | 1,521 | 1,646 | 1,624 | 1,241 | 1,520 | 1,543 | 1,389 | 1,491 | 1,445 | |
| 747 | 900 | 842 | 1,586 | 1,370 | 1,459 | 1,433 | 1,116 | 1,364 | 1,400 | 1,206 | 1,296 | 1,266 | |
| Operating Profit | 72 | 110 | 97 | 206 | 152 | 186 | 190 | 125 | 157 | 143 | 182 | 195 | 179 |
| OPM % | 9% | 11% | 10% | 12% | 10% | 11% | 12% | 10% | 10% | 9% | 13% | 13% | 12% |
| 8 | 13 | 3 | 3 | 3 | 12 | 5 | 27 | 5 | 22 | 9 | 554 | 574 | |
| Interest | 35 | 48 | 45 | 46 | 43 | 54 | 77 | 76 | 66 | 77 | 74 | 71 | 56 |
| Depreciation | 8 | 12 | 10 | 11 | 11 | 12 | 18 | 20 | 17 | 16 | 14 | 15 | 18 |
| Profit before tax | 38 | 62 | 45 | 153 | 100 | 132 | 100 | 57 | 78 | 72 | 103 | 663 | 678 |
| 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 | 570 | |
| 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 | 108.24 |
| 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: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 7% |
| 3 Years: | 21% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 17% |
| 3 Years: | 38% |
| 1 Year: | 16% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 11 |
| Reserves | 249 | 282 | 302 | 390 | 443 | 510 | 559 | 593 | 641 | 686 | 819 | 1,366 | 1,390 |
| 248 | 306 | 318 | 268 | 342 | 474 | 672 | 560 | 587 | 633 | 511 | 458 | 501 | |
| 380 | 415 | 439 | 605 | 746 | 796 | 783 | 732 | 736 | 852 | 741 | 902 | 849 | |
| 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 | 2,750 |
| 84 | 75 | 73 | 78 | 77 | 90 | 142 | 126 | 127 | 114 | 115 | 153 | 150 | |
| CWIP | 1 | 0 | 3 | 1 | 2 | 18 | 1 | 1 | 0 | 0 | 1 | 1 | 3 |
| Investments | 2 | 1 | 0 | 3 | 2 | 3 | 2 | 3 | 4 | 4 | 76 | 180 | 181 |
| 796 | 931 | 987 | 1,192 | 1,459 | 1,679 | 1,878 | 1,764 | 1,842 | 2,063 | 1,888 | 2,402 | 2,416 | |
| 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 | 2,750 |
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 | 615 | |||
| Days Payable | 438 | 676 | 992 | 1,004 | 1,079 | 1,660 | 1,361 | 2,012 | 1,548 | |||
| Cash Conversion Cycle | 510 | 539 | 821 | -733 | -847 | -1,290 | -1,026 | 163 | 169 | 176 | -1,231 | -774 |
| Working Capital Days | 78 | 75 | 89 | 45 | 77 | 63 | 68 | 106 | 89 | 103 | 137 | 137 |
| ROCE % | 15% | 18% | 15% | 31% | 20% | 21% | 16% | 11% | 12% | 12% | 13% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3h - Sold Hyderabad land (~18,311.57 sq.yds) to ASBL Pvt Ltd for INR 173.96 Crore (Dec 30, 2025).
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Disclosure As Required Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Sale Of Land Situated At Azamabad Industrial Area, Azamabad, Hyderabad, Telangana.
4h - Sale of 18,311.57 sq yd Azamabad land to ASBL Pvt Ltd for Rs.173.96 Crore; deed registered 30 Dec 2025.
- Closure of Trading Window 7h
-
Disclosure As Required Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Sale Of Land Situated At Azamabad Industrial Area, Azamabad, Hyderabad, Telangana.
27 Nov - Agreement to sell Hyderabad land for Rs.173.96 Cr; Rs.100 Cr advance; dated 27-Nov-2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Results for 2nd quarter and 1st half year ended 30th September, 2025 as per attached letter.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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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]