INDIANHUMEIndustrials

Indian Hume Pipe Company Limited

Civil Construction · ISIN INE323C01030 · BSE 504741 · NSE EQ · FV ₹2
Last price
₹355
+1.68%today
What this company does

Indian Hume Pipe Company Limited operates in Civil Construction, part of the Industrials sector. It booked ₹303 cr of revenue in its latest quarter (Q1 FY27) and kept 7.8% of sales as profit.

In the report:
64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns45

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality90

Whether reported profit actually arrives as cash

Growth & consistency60

Whether sales and profit have grown, and how steadily

Valuation65

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 8% vs last year
Promoters hold 72%
No promoter shares pledged
Watch-outs
! Thin 7.8% net margin
! Low 6.4% return on equity
! Operating cash flow is negative

What if I invest in INDIANHUME?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹355 +1.68%
latest close · 2026-09-17
1-year return
+75.1%
52-wk low ₹13552-wk high ₹421
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio19.8Average
LowAverageHigh
P/B ratio1.26Moderate
Below bookModerateHigh
EV / EBITDA12.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.4%Weak
WeakFairStrong ▸15%
Return on capital10.7%Fair
WeakFairStrong
Net margin7.8%Decent
ThinDecentStrong
EBITDA margin15.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.28Comfortable
LowModerateHigh ▸1
Interest cover4.0×Okay
RiskyOkayStrong ▸5×
Current ratio2.03Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,869 cr
Book value
₹282
EPS
₹4.47
latest quarter
Net debt
₹373 cr
owes more than its cash
Enterprise value
₹2,243 cr
EBITDA
₹187 cr
annualised
EBIT
₹168 cr
annualised
Operating margin
13.9%
Return on assets
3.4%
Earnings yield
5.04%
P/S
1.54
Sales / share
₹229.9
Tax rate
25.3%
Face value
₹2
Shares
5.3 cr
Working capital
₹1,263 cr
Current assets
₹2,493 cr
Current liabilities
₹1,230 cr
Delivery %
53.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹269₹520, midpoint ₹445

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹303 cr
Other Income₹17 cr
Total Income₹320 cr
Cost of Materials₹38 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹7 cr
Employee Benefit Expense₹31 cr
Finance Costs₹11 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹197 cr
Total Expenses₹288 cr
Profit before Tax₹32 cr
Tax Expense₹8 cr
Net Profit₹24 cr
Net margin on total income7.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹45 cr14.2%
Employee benefit expense₹31 cr9.7%
Finance costs₹11 cr3.3%
Depreciation & amortisation₹5 cr1.4%
Other expenses₹197 cr61.5%
Tax expense₹8 cr2.5%
Profit for the period₹24 cr7.4%
Total income ₹320 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue282 cr351 cr303 cr
Total income293 cr362 cr320 cr
Expenses277 cr330 cr288 cr
Profit before tax80 cr32 cr32 cr
Tax19 cr9 cr8 cr
Net profit (owners' share)62 cr23 cr24 cr
Net margin (owners' share, on revenue)21.8%6.5%7.8%
EPS (₹)11.674.374.47
YoY (latest quarter): total income +0.1% · net profit +7.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,804 cr
Shareholder equity
₹1,484 cr
parent shareholders
Total debt
₹411 cr
Cash
₹38 cr
Cash flow · H1 FY26
Operating
₹-7 cr
Investing
₹7 cr
Financing
₹-32 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.41%
trailing 12 months
Dividend / share (TTM)
₹5
Last dividend
₹2
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹2 / share17 Jul 2026
Dividend₹3 / share17 Jul 2026
Dividend₹1.8 / share18 Jul 2025
Dividend₹4 / share18 Jul 2025
Dividend₹1.5 / share19 Jul 2024
Dividend₹1 / share21 Jul 2023
Who owns it · 2026-06-30
No pledge
Promoter
72.3%
FII / Foreign
0.4%
DII / Domestic
0.8%
Retail / others
26.5%
Smart-money activity
Insider trades
BoughtIHP FINVEST LIMITED · Promoter Group1.17 cr · ₹448.6 cr24 Mar 26
BoughtIHP Finvest Limited · Promoter Group36.70 L · ₹52.0 cr19 Jun 23
BoughtAnushka Mayur Doshi · Promoters7,058 · ₹10.0 L19 Jun 23
Bulk / block deals
BoughtREMCOM SALES SERVICES PVT LTD · NSE3.45 L @ ₹394.4313 Jul 26
SoldGRAVITON RESEARCH CAPITAL LLP · NSE2.92 L @ ₹585.412 Sep 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE2.92 L @ ₹583.862 Sep 24
Stake changes
SoldIHP Finvest Limited · promoter→ 0.00% · 1.17 cr24 Mar 26
SoldSBICAP Trustee Company Ltd→ 0.00% · 1.17 cr24 Mar 26
BoughtRiya Mayur Doshi · promoter→ 0.01% · 7,05819 Jun 23
Promoter pledges
ReleasedSBICAP Trustee Company Limited acting for and on behalf of consortium of banks led by State Bank of India (Lead Banker of the Consortium) and other consortium member Banks viz. Bank of Baroda, HDFC Bank Ltd., Union Bank of India, ICICI Bank Ltd. and Axis Bank Ltd. Lenders of The Indian Hume Pipe Co. Ltd., subsidiary of the Company.1.17 cr · 22.20% held24 Mar 26
PledgedSBICAP Trustee Company Limited acting for and on behalf of consortium of banks led by State Bank of India (Leader of the Consortium) and other consortium member Banks viz. Bank of Baroda, HDFC Bank Ltd., Union Bank of India, IDFC First Bank Ltd., ICICI Bank Ltd., and Axis Bank Ltd., Lenders of The Indian Hume Pipe Co. Ltd., subsidiary of the Company15.26 L · 20.99% held6 Apr 23
PledgedSBICAP Trustee Co.Ltd.acting for and on behalf of consortium of banks led by SBI (Leader of the Consortium) and other consortium member Banks viz. BOB, HDFC, UBI, IDFC, ICICI & Axis Lenders of IHP.3.46 L · 20.28% held7 Oct 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 1 Aug 2025
See the official result
1
Adoption of Audited Financial Statements of the Company for the financial year ended 31st March, 2025 including the Audited Balance sheet as at 31st March, 2025 and the Statement of Profit and Loss Account and the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
26.72 L votes for, 511 against · 0% of mutual funds and other big investors said no
2
Declaration of Dividend on Equity Shares of the Company for the financial year ended 31st March, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
26.72 L votes for, 511 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Mayur R. Doshi (DIN: 00250358), who retires by rotation and being eligible offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
26.72 L votes for, 611 against · 0% of mutual funds and other big investors said no
4
Approve continuation of Directorship of Ms. Anima B. Kapadia (DIN:00095831) as a Non-Executive Non-Independent Director of the Company on complation of 75 years of age.
Backed by 99% of shareholders other than promotersneeded 75%
26.46 L votes for, 26,304 against · 2% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 10 named members
owning 72.3% between them · as of 2026-06-30
IHP Finvest Limited67.58%
Ratanchand Investment Private Limited1.66%
Rajas R Doshi1.34%
Jyoti R Doshi0.73%
Mayur Rajas Doshi0.53%
Aditya R Doshi0.46%
Anushka Mayur Doshi0.01%
Anushree Mayur Doshi0.01%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.