Indian Hume Pipe Company Limited (INDIANHUME)

Loading page…

Indian Hume Pipe Company Limited (INDIANHUME) · mywealthgrid

About

Indian Hume Pipe Company Limited is a mid-sized civil construction operator with quarterly revenues of ₹280–390 Cr and market capitalisation of ₹1,945 Cr. Operating with stable margins around 10–11% and conservative financial leverage (D/E 0.28), the company is a steady participant in the construction materials segment.

Face value: ₹2

Market cap

₹1,824 Cr

P/E

12.8×

P/B

1.2×

Dividend yield

3.1%

ROE

9.9%

ROCE

11.3%

Debt / equity

0.28

OPM

11.2%

EPS (TTM)

₹27.1

Book value

₹281.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profit volatility masks run-rate earnings: net profit ranged ₹14–499 Cr across recent quarters; Mar 2025 reported ₹499.27 Cr on ₹392.1 Cr revenue (net margin 127%), signalling a material one-time item—clarify the exceptional income and normalised run-rate
Operating margin deteriorated 430 basis points from 14.13% (Sep 2025) to 9.83% (Jun 2026); verify whether this reflects demand softness, input cost inflation, or unfavourable mix
Quarterly revenues static in ₹280–390 Cr band over 12+ months with no upward trend; assess whether stagnation stems from weak order intake, share loss, or capacity constraints
Institutional participation collapsed: DII fell from 2.2% (Mar 2026) to 0.75% (Jun 2026), and FII at 0.39%, reflecting weak analyst coverage or investor confidence

Generated analysis · source review pending

Growth drivers

D/E ratio of 0.28 provides capital headroom for capex or M&A if growth inflection emerges; verify capex plans and order pipeline trends
Operating margin recovery from 7.85% (Dec 2025) lows to 10–11% range if sustained would improve ROE and reinvestment capacity
Dividend consistency (six payouts in 14 months) alongside ₹280–390 Cr quarterly base indicates established market position and cash generation
Exposure to India's construction and infrastructure cycle; verify order books and whether capex, urbanisation, or specific project wins support volume and pricing

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹346.1-2.7%1Y

Quick read

rule-based

Pros

+Strong return on equity of 23.5% (3-yr avg)
+Profit CAGR of 27.4% over the last 5 years
+Dividend yield of 3.1%
+Dividend payout of 39.9% of profit
+High promoter holding of 72.3% with no pledge

Cons

−Modest revenue growth of 1% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 33
Growth: 37
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	939	1,813	1,551	1,646	1,624	1,241	1,520	1,543	1,389	1,491	1,306
COGS	101	125	146	138	142	65	40	32	86	125	162
Gross profit	838	1,688	1,405	1,508	1,482	1,177	1,480	1,510	1,303	1,367	1,144
	741	1,481	1,253	1,322	1,291	1,059	1,331	1,376	1,130	1,180	998
	97	206	152	186	190	117	149	134	173	186	146
OPM %	10.3%	11.4%	9.8%	11.3%	11.7%	9.5%	9.8%	8.7%	12.4%	12.5%	11.2%
Depreciation	10	11	11	12	18	20	17	16	14	15	20
Interest	45	46	43	54	77	68	59	68	64	62	47
	3	3	3	12	5	27	5	22	9	554	109
Profit before tax	45	153	100	132	100	57	78	72	103	663	188
Tax	16	53	34	46	27	15	20	17	26	105	47
Tax %	35.1%	34.9%	34.2%	34.8%	26.9%	26.3%	25.9%	23%	25%	15.9%	24.8%
	29	100	66	86	73	42	58	56	78	558	141
PAT margin %	3.1%	5.5%	4.3%	5.3%	4.5%	3.4%	3.8%	3.6%	5.6%	37.4%	10.8%
EPS (₹)	—	—	—	—	15.2	8.7	11.9	11.5	15	105.9	26.8
EPS adjusted (₹)	6	41.2	13.6	17.8	15.2	8.7	11.9	11.5	14.7	105.9	26.8
	—	—	—	—	13.2%	23.1%	16.8%	8.7%	10%	5.5%	18.7%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	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	11	11	11
Reserves	302	302	443	510	559	593	641	686	819	1,366	1,474
	310	310	335	473	656	554	583	632	500	450	411
	446	380	752	797	799	737	740	854	752	910	909
Total equity & liabilities	1,063	997	1,541	1,790	2,024	1,894	1,973	2,181	2,081	2,736	2,804
	—	65	70	83	128	115	117	108	110	140	136
CWIP	3	3	2	18	1	1	0	0	1	1	1
Investments	0	2	2	3	2	3	4	10	82	186	407
	1,060	927	1,467	1,686	1,892	1,775	1,852	2,063	1,888	2,409	2,260
Total assets	1,063	997	1,541	1,790	2,024	1,894	1,973	2,181	2,081	2,736	2,804

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Construction	1,305.57	171.37	2,154.51	1,062.2	1,092.31	15.69
Exceptional items	0	64.33

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	91.6%	91.3%	94.8%	97.4%	97.9%	93.8%	91.6%	87.6%
EBITDA margin %	11.3%	11.7%	9.5%	9.8%	8.7%	12.4%	12.5%	11.2%
EBIT margin %	10.6%	10.6%	7.9%	8.7%	7.7%	11.4%	11.5%	9.6%
PAT margin %	5.3%	4.5%	3.4%	3.8%	3.6%	5.6%	37.4%	10.8%
Working capital
Receivable days	146	160	182	189	176	174	159	136
Inventory days	188	195	440	715	850	607	615	563
Payable days	1,371	1,422	2,866	4,898	6,300	2,012	1,548	1,042
NWC days	-1,037	-1,067	-2,244	-3,994	-5,274	-1,231	-774	-344
Leverage
Current ratio	1.27	1.25	1.33	1.33	1.34	1.54	1.92	2.03
Debt to EBITDA	2.54	3.45	4.72	3.9	4.71	2.89	2.41	2.82
Debt to equity	0.91	1.15	0.92	0.9	0.91	0.6	0.33	0.28
Interest coverage	3.5	2.3	1.8	2.3	2.1	2.6	2.9	3.6
Asset turnover	0.92	0.8	0.66	0.77	0.71	0.67	0.54	0.47
Return ratios
Return on assets %	4.8%	3.6%	2.2%	2.9%	2.6%	3.7%	20.4%	5%
Return on capital employed %	34.4%	28.1%	18.1%	19.2%	18.9%	20%	15.3%	11.3%
Return on equity %	16.6%	12.9%	7%	8.9%	8%	9.4%	40.5%	9.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 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%
	0.9%	0.68%	0.45%	0.91%	0.84%	0.66%	0.56%	0.52%	0.42%	0.46%	0.39%	0.39%
	2.24%	2.24%	2.24%	2.24%	2.23%	2.2%	2.2%	2.2%	2.2%	2.2%	2.2%	0.75%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.52%	24.74%	24.97%	24.51%	24.59%	24.8%	24.9%	24.94%	25.04%	25%	25.07%	26.52%
No. of shareholders	—	—	—	—	—	—	—	—	26,833	25,805	25,454	27,545

Promoter holding up 0 percentage points since Sep 2023.

7 deals · 20 Jul 2023 – 13 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Jul 2026	REMCOM SALES SERVICES PVT LTD	Bulk	NSE	Buy	3,45,000	₹394.43	₹13.61 Cr
2 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,91,622	₹585.41	₹17.07 Cr
2 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,91,622	₹583.86	₹17.03 Cr
14 Mar 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,63,789	₹260.08	₹6.86 Cr
14 Mar 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,63,789	₹259.20	₹6.84 Cr
20 Jul 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,56,470	₹266.78	₹6.84 Cr
20 Jul 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,56,470	₹266.77	₹6.84 Cr

1–7 of 7

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. RAJAS RATANCHAND DOSHIExecutive Director-Chairperson related to Promoter-CEO-MD
Mr. MAYUR RAJAS DOSHIExecutive Director
M S. RajadhyakshaChief Financial Officer
Ms. JYOTI RAJAS DOSHINon-Executive - Non Independent Director
Ms. ANIMA BHUPENDRA KAPADIANon-Executive - Non Independent Director
Ms. SUCHETA NILESH SHAHNon-Executive - Independent Director
Mr. NANDAN SURAJRATAN DAMANINon-Executive - Independent Director
Mr. ASHISH GIRDHARILAL VAIDNon-Executive - Independent Director
Mr. ROHIT RAJGOPAL DHOOTNon-Executive - Independent Director
Mr. Niraj Rohitkumar OzaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Indian Hume Pipe Company Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

24

Dividend dividend17 Jul 2026 · ex-date₹2
Special dividend17 Jul 2026 · ex-date₹3
Special dividend18 Jul 2025 · ex-date₹4
Final dividend18 Jul 2025 · ex-date₹1.8
Final dividend19 Jul 2024 · ex-date₹1.5
Final dividend21 Jul 2023 · ex-date₹1
Dividend dividend14 Jul 2022 · ex-date₹2
Dividend dividend12 Aug 2021 · ex-date₹2
Dividend dividend21 Aug 2020 · ex-date₹2
Dividend dividend12 Jul 2019 · ex-date₹3.6
Dividend dividend6 Jul 2018 · ex-date₹3.4
Final dividend28 Jun 2017 · ex-date₹2.4
Interim dividend15 Feb 2017 · ex-date₹1
Interim dividend17 Mar 2016 · ex-date₹3
Special dividend17 Mar 2016 · ex-date₹0.2
Dividend dividend22 Jul 2015 · ex-date₹3
Dividend dividend9 Jul 2014 · ex-date₹2.4
Dividend dividend10 Jul 2013 · ex-date₹2.2
Dividend dividend11 Jul 2012 · ex-date₹2
Dividend dividend13 Jul 2011 · ex-date₹2
Dividend dividend16 Jul 2010 · ex-date₹10
Dividend dividend13 Jul 2009 · ex-date₹8.5
Dividend dividend21 Jul 2008 · ex-date₹7
Dividend dividend19 Jul 2007 · ex-date₹6

1

Board meeting to consider results12 Aug 2026

1

Face value ₹10 → ₹230 Aug 2010 · ex-date

1–3 of 4

1 / 2

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

10 announcementsExport CSV

29 Sept 2026, 12:35 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	91.6%	91.3%	94.8%	97.4%	97.9%	93.8%	91.6%	87.6%
EBITDA margin %	11.3%	11.7%	9.5%	9.8%	8.7%	12.4%	12.5%	11.2%
EBIT margin %	10.6%	10.6%	7.9%	8.7%	7.7%	11.4%	11.5%	9.6%
PAT margin %	5.3%	4.5%	3.4%	3.8%	3.6%	5.6%	37.4%	10.8%
Working capital
Receivable days	146	160	182	189	176	174	159	136
Inventory days	188	195	440	715	850	607	615	563
Payable days	1,371	1,422	2,866	4,898	6,300	2,012	1,548	1,042
NWC days	-1,037	-1,067	-2,244	-3,994	-5,274	-1,231	-774	-344
Leverage
Current ratio	1.27	1.25	1.33	1.33	1.34	1.54	1.92	2.03
Debt to EBITDA	2.54	3.45	4.72	3.9	4.71	2.89	2.41	2.82
Debt to equity	0.91	1.15	0.92	0.9	0.91	0.6	0.33	0.28
Interest coverage	3.5	2.3	1.8	2.3	2.1	2.6	2.9	3.6
Asset turnover	0.92	0.8	0.66	0.77	0.71	0.67	0.54	0.47
Return ratios
Return on assets %	4.8%	3.6%	2.2%	2.9%	2.6%	3.7%	20.4%	5%
Return on capital employed %	34.4%	28.1%	18.1%	19.2%	18.9%	20%	15.3%	11.3%
Return on equity %	16.6%	12.9%	7%	8.9%	8%	9.4%	40.5%	9.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Larsen & ToubroLTLT	₹5,05,996 Cr	₹6,27,679 Cr	₹2,90,137 Cr	₹28,950 Cr	10.2%	₹16,590 Cr	6.6%	15.4%	15.5%	-142
Rail Vikas Nigam LimitedRVNLRVNL	₹41,075 Cr	₹45,888 Cr	₹20,825 Cr	₹891 Cr	3.8%	₹900 Cr	4.3%	10.2%	9%	66
Kalpataru Projects International LimitedKPILKPIL	₹23,167 Cr	₹26,474 Cr	₹27,380 Cr	₹2,277 Cr	8.3%	₹1,136 Cr	3.8%	20.3%	14.6%	-94
Nbcc (India) LimitedNBCCNBCC	₹20,898 Cr	₹20,898 Cr	₹12,752 Cr	₹656 Cr	4.8%	₹743 Cr	5.8%	29.3%	26.2%	-7,663
Irb Infrastructure Developers LimitedIRBIRB	₹20,533 Cr	₹40,541 Cr	₹7,686 Cr	₹4,182 Cr	52.1%	₹954 Cr	11.1%	6.1%	4.2%	67
Cemindia Projects LimitedCEMPROCEMPRO	₹20,254 Cr	₹21,120 Cr	₹10,185 Cr	₹1,058 Cr	10.2%	₹602 Cr	5.9%	44.8%	28.2%	-110
Engineers India LimitedENGINERSINENGINERSIN	₹17,577 Cr	₹17,577 Cr	₹3,878 Cr	₹750 Cr	17.7%	₹784 Cr	17.6%	28.8%	23.8%	-22
Techno Electric & Engineering Company LimitedTECHNOETECHNOE	₹11,614 Cr	₹11,686 Cr	₹3,356 Cr	₹469 Cr	14.2%	₹431 Cr	14.6%	13.6%	12%	-33
Ircon International LimitedIRCONIRCON	₹10,369 Cr	₹16,033 Cr	₹9,241 Cr	₹771 Cr	8.4%	₹524 Cr	6.5%	7.8%	9.2%	-469
Rites LimitedRITESRITES	₹10,068 Cr	₹10,068 Cr	₹2,458 Cr	₹555 Cr	22.9%	₹417 Cr	18.8%	19.3%	15.4%	-2,276
Welspun Enterprises LimitedWELENTWELENT	₹10,026 Cr	₹11,998 Cr	₹3,544 Cr	₹716 Cr	20.7%	₹308 Cr	10.9%	17.3%	12.5%	-422
Kec International LimitedKECKEC	₹9,912 Cr	₹15,015 Cr	₹23,506 Cr	₹1,599 Cr	7.1%	₹554 Cr	2.6%	23.1%	10.5%	-132

Date	Category	Subject	Filing
29 Sept 2026, 12:35 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 3:27 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.	PDF
15 Aug 2026, 2:37 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.	PDF
3 Aug 2026, 6:51 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
3 Aug 2026, 4:36 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
9 Jul 2026, 1:13 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Jul 2026, 10:07 am	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
8 Jul 2026, 9:54 am	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	46	152	-31	-5	-32	185	56	19	213	204	294
	-10	-21	-18	-54	-60	-9	-15	11	-68	-67	-151
	-48	-42	-10	71	55	-171	-93	-62	-37	-108	-106
Net cash flow	-12	89	-59	12	-36	4	-51	-31	108	29	37
Free cash flow	35	133	-42	-47	-78	180	51	17	208	149	172
CFO / Operating profit %	47.2%	73.8%	-20.2%	-2.6%	-16.8%	157.4%	37.5%	14.5%	123.4%	109.5%	201.5%

Indian Hume Pipe Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

24

1

1

Announcements

24

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Construction · revenue

Indian Hume Pipe Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends24

Board meetings1

Stock splits1

Announcements

Dividends24

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Construction · revenue

24

1

1

24

1

1