Skip to main content
Swing Capital

Indian Hume Pipe Company Ltd

NSE: INDIANHUME BSE: 504741Cement

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]

₹303
52W: ₹280 — ₹490
PE 17.2 · Book ₹282 · +7% vs book
Market Cap₹1,596 Cr
Stock P/E17.2Price to Earnings
ROCE9.14%Return on Capital
ROE6.48%Return on Equity
Div. Yield0.58%Face Value ₹2

Strengths

  • +Stock is trading at 1.09 times its book value

Weaknesses

  • −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.

Shareholding Pattern

Promoters72.34%
FIIs0.39%
DIIs2.2%
Public25.07%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.34%72.34%72.34%72.34%72.34%72.34%72.34%72.34%
FIIs0.92%0.83%▼0.10.66%▼0.20.56%▼0.10.52%▼0.00.42%▼0.10.46%▲0.00.39%▼0.1
DIIs2.21%2.2%▼0.02.2%2.2%2.2%2.2%2.2%2.2%
Public24.52%24.6%▲0.124.78%▲0.224.89%▲0.124.93%▲0.025.04%▲0.125%▼0.025.07%▲0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales319404364354381392307365282351
Expenses281330306320343336274313260313
Operating Profit38745835375634522238
OPM %12%18%16%10%10%14%11%14%8%11%
Net Profit154431131449922356223
EPS ₹2.878.295.912.522.7394.774.166.5811.684.36

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,306Cr, down 12.4% YoY. OPM at 11%.

Debt Position

Borrowings at ₹417Cr. Debt-to-equity ratio: 0.28x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 2.2% (+1.29pp change). FIIs: 0.39% (+0.36pp change). Promoters hold 72.34%.

Margin & Efficiency

ROCE declining from 18% (Mar 2015) to 9% (Mar 2026). Working capital days: 222.

Valuation

PE 17.2x with 9.14% ROCE. Price is 7% above book value of ₹282. Dividend yield: 0.58%.

Recent Announcements