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 ₹ 2,183 Cr.
- Current Price ₹ 414
- High / Low ₹ 470 / 280
- Stock P/E 36.2
- Book Value ₹ 282
- Dividend Yield 0.48 %
- ROCE 9.51 %
- ROE 4.21 %
- Face Value ₹ 2.00
Pros
Cons
- The company has delivered a poor sales growth of 1.01% over past five years.
- Company has a low return on equity of 1.85% over last 3 years.
- Earnings include an other income of Rs.109 Cr.
- Dividend payout has been low at 11.4% of profits over last 3 years
* 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.
Quarterly Results
Figures in Rs. Crores
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 | 1,152 | |
| Operating Profit | 110 | 97 | 206 | 152 | 186 | 190 | 125 | 157 | 143 | 182 | 195 | 153 |
| OPM % | 11% | 10% | 12% | 10% | 11% | 12% | 10% | 10% | 9% | 13% | 13% | 12% |
| 13 | 3 | 3 | 3 | 12 | 5 | 27 | 5 | 22 | 9 | 554 | 109 | |
| Interest | 48 | 45 | 46 | 43 | 54 | 77 | 76 | 66 | 77 | 74 | 71 | 55 |
| 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: | 8% |
| 5 Years: | 8% |
| 3 Years: | 3% |
| TTM: | 179% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 12% |
| 3 Years: | 20% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 4% |
| 3 Years: | 2% |
| Last Year: | 4% |
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% | 216% |
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 | 563 | |||
| Days Payable | 676 | 992 | 1,004 | 1,079 | 1,660 | 1,361 | 2,012 | 1,548 | 1,042 | |||
| Cash Conversion Cycle | 539 | 821 | -733 | -847 | -1,290 | -1,026 | 163 | 169 | 176 | -1,231 | -774 | -344 |
| Working Capital Days | 75 | 89 | 45 | 77 | 63 | 68 | 106 | 89 | 103 | 137 | 137 | 111 |
| ROCE % | 18% | 15% | 31% | 20% | 21% | 16% | 11% | 12% | 12% | 13% | 12% | 10% |
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 count |
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| Number of Permanent Employees count |
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| Total Pipe Production (BWSC + PCCP + PSC) Kms |
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| Order Book Position Rs. crore |
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| Number of States (Geographic Presence) count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Jul - Newspaper Advertisement for 100th Annual General Meeting of the Company to be held on 3rd August, 2026 as per attached letter.
- Reg. 34 (1) Annual Report. 8 Jul
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Business Responsibility and Sustainability Reporting (BRSR)
8 Jul - Filed voluntary BRSR for FY 2025-26; report not applicable to company.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jul - Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 as per attached letter.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 Jul - Received ₹738.61 crore LOA for Rajasthan water supply project, to execute in 24 months.
Annual reports
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Financial Year 2026
from bse
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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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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]