Indian Hume Pipe Company Ltd

₹ 271 0.78%

24 Apr - close price

indianhumepipe.com BSE: 504741 NSE : INDIANHUME

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]

Website BSE NSE

Market Cap ₹ 1,427 Cr.
Current Price ₹ 271
High / Low ₹ 326 / 134
Stock P/E 28.6
Book Value ₹ 146
Dividend Yield 0.37 %
ROCE 11.6 %
ROE 8.26 %
Face Value ₹ 2.00

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Pros

Company has been maintaining a healthy dividend payout of 19.1%

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 0.29% over past five years.
Company has a low return on equity of 8.17% over last 3 years.
Promoters have pledged 30.7% of their holding.
Company has high debtors of 176 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

Sector: Construction Industry: Construction

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	280	459	291	416	422	392	360	324	405	454	347	319	319
	253	409	268	374	383	346	331	297	368	412	318	287	281
Operating Profit	27	49	23	42	39	45	29	27	37	42	29	32	38
OPM %	10%	11%	8%	10%	9%	12%	8%	8%	9%	9%	8%	10%	12%
	2	22	1	1	1	2	16	3	2	2	3	1	2
Interest	18	15	14	14	15	16	14	16	18	20	17	16	16
Depreciation	5	5	4	4	4	4	4	4	4	4	3	3	3
Profit before tax	6	52	6	24	21	27	27	9	17	20	11	14	20
Tax %	31%	26%	26%	26%	26%	26%	24%	28%	24%	20%	25%	25%	25%
	4	38	5	18	15	20	21	6	13	16	9	10	15
EPS in Rs	0.91	7.94	0.96	3.74	3.14	4.08	4.27	1.31	2.61	3.30	1.62	1.96	2.87
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Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	517	696	819	1,010	939	1,792	1,521	1,646	1,624	1,241	1,520	1,543	1,439
	496	635	747	900	842	1,586	1,370	1,459	1,433	1,116	1,364	1,400	1,298
Operating Profit	21	61	72	110	97	206	152	186	190	125	157	143	140
OPM %	4%	9%	9%	11%	10%	12%	10%	11%	12%	10%	10%	9%	10%
	32	5	8	13	3	3	3	12	5	27	5	22	7
Interest	24	25	35	48	45	46	43	54	77	76	66	77	68
Depreciation	7	7	8	12	10	11	11	12	18	20	17	16	14
Profit before tax	22	33	38	62	45	153	100	132	100	57	78	72	65
Tax %	29%	32%	37%	33%	35%	35%	34%	35%	27%	26%	26%	23%
	16	23	24	42	29	100	66	86	73	42	58	56	50
EPS in Rs	3.29	4.72	4.97	8.59	6.01	20.57	13.64	17.82	15.15	8.67	11.93	11.50	9.75
Dividend Payout %	30%	23%	24%	17%	27%	17%	25%	20%	13%	23%	17%	17%

Compounded Sales Growth
10 Years:	8%
5 Years:	0%
3 Years:	-2%
TTM:	-3%

Compounded Profit Growth
10 Years:	10%
5 Years:	-3%
3 Years:	-9%
TTM:	-16%

Stock Price CAGR
10 Years:	14%
5 Years:	0%
3 Years:	17%
1 Year:	94%

Return on Equity
10 Years:	13%
5 Years:	11%
3 Years:	8%
Last Year:	8%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	5	5	5	5	5	10	10	10	10	10	10	10	11
Reserves	216	232	249	282	302	390	443	510	559	593	641	686	759
	149	176	248	306	318	268	342	474	672	560	587	633	588
	313	317	380	415	439	605	746	796	783	732	736	852	749
Total Liabilities	682	730	882	1,007	1,063	1,274	1,541	1,790	2,024	1,894	1,973	2,181	2,107
	69	80	84	75	73	78	77	90	142	126	127	114	120
CWIP	5	1	1	0	3	1	2	18	1	1	0	0	1
Investments	2	2	2	1	0	3	2	3	2	3	4	4	5
	607	648	796	931	987	1,192	1,459	1,679	1,878	1,764	1,842	2,063	1,982
Total Assets	682	730	882	1,007	1,063	1,274	1,541	1,790	2,024	1,894	1,973	2,181	2,107

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	24	4	-34	-4	46	152	-31	-5	-32	185	56	19
	-2	-10	-9	6	-10	-21	-18	-54	-60	-9	-15	11
	-34	1	38	4	-48	-42	-10	71	55	-171	-93	-62
Net Cash Flow	-12	-5	-5	6	-12	89	-59	12	-36	4	-51	-31

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	98	102	102	121	130	82	114	133	141	163	169	176
Inventory Days	894	389	847	1,094	1,682	190	118	237	195
Days Payable	366	194	438	676	992	1,004	1,079	1,660	1,361
Cash Conversion Cycle	626	297	510	539	821	-733	-847	-1,290	-1,026	163	169	176
Working Capital Days	187	159	175	175	204	96	157	168	206	247	224	249
ROCE %	8%	14%	15%	18%	15%	31%	20%	21%	16%	11%	12%	12%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	69.92%	69.92%	69.92%	69.92%	69.92%	69.93%	69.93%	69.93%	72.34%	72.34%	72.34%	72.34%
	0.32%	0.31%	0.29%	0.30%	0.28%	0.34%	0.19%	0.04%	0.03%	0.90%	0.68%	0.45%
	2.08%	2.05%	2.05%	2.05%	2.05%	2.00%	1.74%	1.48%	0.91%	2.21%	2.21%	2.21%
	27.68%	27.72%	27.74%	27.73%	27.75%	27.72%	28.15%	28.54%	26.70%	24.54%	24.76%	24.99%
No. of Shareholders	25,266	25,264	25,154	25,002	25,290	25,105	25,437	25,173	25,369	23,374	24,224	26,001

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	69.92%	69.92%	69.92%	69.92%	69.92%	69.92%	69.93%	72.34%
	0.19%	0.44%	0.37%	0.40%	0.29%	0.30%	0.04%	0.45%
	5.56%	5.28%	4.75%	3.67%	2.55%	2.05%	1.48%	2.21%
	24.33%	24.36%	24.96%	26.01%	27.24%	27.73%	28.54%	24.99%
No. of Shareholders	14,334	20,378	19,331	20,401	24,360	25,002	25,173	26,001

* 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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Indian Hume Pipe Company Ltd

Indian Hume Pipe Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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