BSE: 504741 | NSE: INDIANHUME | Engineering - Construction | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Hume Pipe Company Ltd is a average quality company.
The key valuation ratios of Indian Hume Pipe Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Indian Hume Pipe Company Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 20.2% | 14.8% | 30.7% | 19.6% | 20.8% | 15.9% | 11.1% | 12.1% | 11.7% | 13.3% | - |
| Value Creation Index ⓘ | 0.4 | 0.1 | 1.2 | 0.4 | 0.5 | 0.1 | -0.2 | -0.1 | -0.2 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,010 | 925 | 1,806 | 1,547 | 1,646 | 1,624 | 1,241 | 1,520 | 1,543 | 1,389 | 1,503 |
| Sales YoY Gr. | - | -8.4% | 95.2% | -14.4% | 6.4% | -1.3% | -23.5% | 22.5% | 1.5% | -10% | - |
| Adj EPS ⓘ | 7.2 | 6 | 20.5 | 13.6 | 17.8 | 15.1 | 8.5 | 11.9 | 11.5 | 14.6 | 19.5 |
| YoY Gr. | - | -16.9% | 242.9% | -33.7% | 30.6% | -15.4% | -43.6% | 39.6% | -3.2% | 27% | - |
| BVPS (₹) ⓘ | 59.2 | 63.3 | 82.6 | 93.5 | 107.3 | 117.4 | 124.4 | 134.2 | 143.5 | 157.4 | 167 |
| Adj Net Profit ⓘ | 34.9 | 29 | 99.5 | 66 | 86.2 | 73 | 41.1 | 57.4 | 55.6 | 76.7 | 103 |
| Cash Flow from Ops. ⓘ | -3.9 | 45.7 | 152 | -30.7 | -4.8 | -32 | 185 | 55.9 | 19.4 | 213 | - |
| Debt/CF from Ops. ⓘ | -77.9 | 7 | 1.8 | -11.2 | -99.5 | -20.8 | 3 | 10.4 | 32.5 | 2.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.6% | -3.3% | 3.8% | -10% | ||||
| Adj EPS ⓘ | 8.1% | -3.9% | 19.7% | 27% | ||||
| BVPSⓘ | 11.5% | 8% | 8.2% | 9.7% | ||||
| Share Price | 11.3% | 26.9% | 29.1% | 40.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.9 | 9.8 | 28.2 | 15.5 | 17.7 | 13.4 | 7 | 9.2 | 8.3 | 10.1 | 12 |
| Op. Profit Mgn % ⓘ | 10.9 | 10.5 | 11.4 | 9.8 | 11.3 | 11.7 | 10.1 | 10.3 | 9.3 | 13.1 | 13.6 |
| Net Profit Mgn % ⓘ | 3.5 | 3.1 | 5.5 | 4.3 | 5.2 | 4.5 | 3.3 | 3.8 | 3.6 | 5.5 | 6.8 |
| Debt to Equity ⓘ | 1.1 | 1 | 0.7 | 0.8 | 0.9 | 1.2 | 0.9 | 0.9 | 0.9 | 0.6 | - |
| Working Cap Days ⓘ | 318 | 388 | 229 | 328 | 368 | 419 | 554 | 446 | 467 | 520 | 229 |
| Cash Conv. Cycle ⓘ | 143 | 173 | 54 | 23 | 34 | 40 | 54 | 56 | 57 | 52 | 78 |
Return on Equity has increased versus last 3 years average to 12.00%
Net Profit is growing at healthy rate in last 3 years 19.72%
Debt to equity has declined versus last 3 years average to 0.60
Sales growth has been subdued in last 3 years 3.81%
Sales growth is not so good in last 4 quarters at 6.15%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 19.5 | - |
| TTM Sales (₹ Cr.) | 1,503 | - |
| BVPS (₹.) ⓘ | 167 | - |
| Reserves (₹ Cr.) ⓘ | 869 | - |
| P/BV ⓘ | 2.24 | - |
| PE ⓘ | 19.23 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 250.60 / 613.15 |
| All Time Low / High (₹) | 1.09 / 613.15 |
| Market Cap (₹ Cr.) | 1,970 |
| Equity (₹ Cr.) | 10.5 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 26.2 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Operating Income | 141 | 691.6 | 134 | -37.6 | 383 | 157.1 | 137 | 2.5 |
| Adj EPS (₹) | 0.12 | -99.9 | 0.11 | -100 | 0.48 | 242.9 | 0.12 | 9.1 |
| Net Profit Mgn % | 55.34 | -7441 bps | 53.60 | -1420 bps | 79.64 | 2003 bps | 54.73 | 216 bps |
| Pledged * | 29.00 | 30.02 | 30.02 | 30.69 | 30.69 | 30.69 | 30.69 | 30.69 | 30.69 | 30.69 |
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| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,010 | 925 | 1,806 | 1,547 | 1,646 | 1,624 | 1,241 | 1,520 | 1,543 | 1,389 |
| Operating Expenses ⓘ | 900 | 828 | 1,600 | 1,395 | 1,459 | 1,433 | 1,117 | 1,364 | 1,400 | 1,206 |
| Manufacturing Costs | 419 | 414 | 760 | 683 | 726 | 696 | 539 | 693 | 682 | 754 |
| Material Costs | 374 | 305 | 651 | 545 | 593 | 593 | 455 | 531 | 581 | 297 |
| Employee Cost | 52 | 51 | 65 | 67 | 73 | 78 | 69 | 78 | 79 | 92 |
| Other Costs ⓘ | 56 | 59 | 124 | 99 | 68 | 67 | 52 | 62 | 57 | 64 |
| Operating Profit ⓘ | 110 | 97 | 206 | 152 | 186 | 190 | 125 | 157 | 143 | 182 |
| Operating Profit Margin (%) | 10.9% | 10.5% | 11.4% | 9.8% | 11.3% | 11.7% | 10.1% | 10.3% | 9.3% | 13.1% |
| Other Income ⓘ | 10 | 3 | 3 | 3 | 12 | 5 | 28 | 5 | 22 | 9 |
| Interest ⓘ | 48 | 45 | 46 | 43 | 54 | 77 | 76 | 66 | 77 | 74 |
| Depreciation ⓘ | 12 | 10 | 11 | 11 | 12 | 18 | 20 | 17 | 16 | 14 |
| Exceptional Items ⓘ | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 62 | 45 | 153 | 100 | 132 | 100 | 57 | 78 | 72 | 103 |
| Tax ⓘ | 20 | 16 | 53 | 34 | 46 | 27 | 15 | 20 | 17 | 26 |
| Profit After Tax | 42 | 29 | 100 | 66 | 86 | 73 | 42 | 58 | 56 | 78 |
| PAT Margin (%) | 4.1% | 3.1% | 5.5% | 4.3% | 5.2% | 4.5% | 3.4% | 3.8% | 3.6% | 5.6% |
| Adjusted EPS (₹) | 8.6 | 6.0 | 20.6 | 13.6 | 17.8 | 15.2 | 8.7 | 11.9 | 11.5 | 14.7 |
| Dividend Payout Ratio (%) | 17% | 27% | 17% | 25% | 20% | 13% | 23% | 17% | 9% | 10% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 287 | 307 | 400 | 453 | 520 | 569 | 603 | 650 | 695 | 829 |
| Share Capital ⓘ | 5 | 5 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 |
| Reserves ⓘ | 282 | 302 | 390 | 443 | 510 | 559 | 593 | 641 | 686 | 819 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 298 | 310 | 260 | 335 | 473 | 656 | 512 | 564 | 617 | 485 |
| Long Term Debt | 21 | 14 | 8 | 3 | 2 | 44 | 35 | 23 | 13 | 3 |
| Short Term Debt | 277 | 297 | 252 | 333 | 471 | 613 | 477 | 541 | 603 | 481 |
| Trade Payables | 232 | 257 | 318 | 433 | 496 | 529 | 490 | 518 | 559 | 473 |
| Others Liabilities ⓘ | 241 | 251 | 395 | 420 | 434 | 378 | 369 | 340 | 345 | 354 |
| Total Liabilities ⓘ | 1,058 | 1,125 | 1,373 | 1,641 | 1,923 | 2,132 | 1,974 | 2,073 | 2,216 | 2,142 |
Fixed Assets | ||||||||||
| Gross Block | 156 | 163 | 86 | 94 | 118 | 187 | 187 | 195 | 197 | 205 |
| Accumulated Depreciation | 81 | 90 | 8 | 17 | 28 | 45 | 61 | 74 | 89 | 96 |
| Net Fixed Assetsⓘ | 75 | 73 | 78 | 77 | 90 | 142 | 126 | 121 | 108 | 110 |
| CWIP ⓘ | 0 | 3 | 1 | 2 | 18 | 1 | 1 | 0 | 0 | 1 |
| Investmentsⓘ | 1 | 0 | 3 | 2 | 3 | 2 | 3 | 4 | 4 | 76 |
| Inventories | 376 | 436 | 60 | 47 | 71 | 76 | 78 | 79 | 75 | 143 |
| Trade Receivables | 335 | 335 | 401 | 475 | 599 | 627 | 553 | 704 | 742 | 661 |
| Cash Equivalents | 21 | 10 | 42 | 19 | 39 | 32 | 28 | 40 | 47 | 42 |
| Others Assetsⓘ | 250 | 267 | 789 | 1,019 | 1,104 | 1,252 | 1,184 | 1,124 | 1,239 | 1,108 |
| Total Assets ⓘ | 1,058 | 1,125 | 1,373 | 1,641 | 1,923 | 2,132 | 1,974 | 2,073 | 2,216 | 2,142 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -4 | 46 | 152 | -31 | -5 | -32 | 185 | 56 | 19 | 213 |
| PBT ⓘ | 62 | 45 | 153 | 100 | 132 | 100 | 57 | 78 | 72 | 103 |
| Adjustment ⓘ | 54 | 55 | 52 | 83 | 59 | 86 | 63 | 74 | 79 | 72 |
| Changes in Working Capital ⓘ | -103 | -30 | -6 | -173 | -151 | -186 | 83 | -69 | -119 | 63 |
| Tax Paid ⓘ | -17 | -24 | -46 | -41 | -45 | -33 | -18 | -28 | -13 | -26 |
| Cash Flow From Investing Activity ⓘ | 6 | -10 | -21 | -18 | -54 | -60 | -9 | -15 | 11 | -68 |
| Capex | 4 | -10 | -19 | -11 | -39 | -44 | -3 | -4 | -2 | -3 |
| Net Investments | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -71 |
| Others ⓘ | 1 | 0 | -2 | -7 | -15 | -15 | -6 | -11 | 13 | 7 |
| Cash Flow From Financing Activityⓘ | 4 | -48 | -42 | -10 | 71 | 55 | -171 | -93 | -62 | -37 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60 |
| Net Proceeds from Borrowing ⓘ | -2 | -7 | 0 | 0 | -6 | 49 | 25 | -36 | -13 | -10 |
| Interest Paid ⓘ | -48 | -45 | -46 | -43 | -53 | -67 | -67 | -59 | -67 | -63 |
| Dividend Paid ⓘ | -6 | -15 | -5 | -14 | -20 | -21 | -10 | -10 | -10 | -5 |
| Others ⓘ | 60 | 19 | 9 | 47 | 149 | 94 | -120 | 12 | 28 | -18 |
| Net Cash Flow ⓘ | 6 | -12 | 89 | -59 | 12 | -36 | 4 | -51 | -31 | 108 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.36 | 9.81 | 28.21 | 15.49 | 17.75 | 13.49 | 7.17 | 9.23 | 8.28 | 10.18 |
| ROCE (%) | 20.15 | 14.81 | 30.74 | 19.58 | 20.78 | 15.89 | 11.1 | 12.06 | 11.67 | 13.34 |
| Asset Turnover Ratio | 1.03 | 0.86 | 1.46 | 1.03 | 0.92 | 0.8 | 0.6 | 0.75 | 0.72 | 0.64 |
| PAT to CFO Conversion(x) | -0.1 | 1.59 | 1.52 | -0.47 | -0.06 | -0.44 | 4.4 | 0.97 | 0.34 | 2.73 |
| Working Capital Days | ||||||||||
| Receivable Days | 101 | 130 | 74 | 103 | 119 | 138 | 174 | 151 | 171 | 184 |
| Inventory Days | 130 | 158 | 50 | 13 | 13 | 16 | 23 | 19 | 18 | 29 |
| Payable Days | 203 | 292 | 161 | 224 | 236 | 271 | 345 | 285 | 312 | 635 |
The Indian Hume Pipe Co. Ltd. (IHP) was established in 1926 with the object of manufacturing, popularising and marketing Hume Pipes and allied products. A small mechanical workshop was also established simultaneously for production of specialised equipment required for making Reinforced Concrete Cement Pipes. Over a period of time the company has developed Prestressed Concrete Pipes (Non-Cylinder), Prestressed Concrete Cylinder Pipes, Bar Wrapped Steel Cylinder Pipes, Hume Steel Pipes, Welded Steel Penstocks, Prestressed Concrete Railway Sleepers and specialised in execution of Turnkey Water Supply Projects.
Today the company has a well spread out and wide network of over twenty factories and forty projects in India. The company has earned a reputation for excellence through employing modern technology, stringent quality control measures, timely execution and continuous Research and Development. As a result the company's products have found acceptance in highly competitive markets. The company's expertise is at work right from designing of custom made pipes to the company's total engineering packages for pipeline projects.
The company is actively involved in the strengthening of the nation's infrastructure in varied fields viz. Water Supply, Irrigation, Drainage, Power Generation and Rail transport by executing numerous turnkey pipeline projects for Water Supply, Sewerage and Hydroelectric Power Generation and supplying millions of sleepers for railways in India. IHP has also executed neighbouring countries like Sri Lanka, Burma & Iraq.
The company is also manufacturing Air Rifles & Pistols for promoting Target Shooting Sports. These products have already established the company as a brand leader in India. IHP is the only company in the organized sector in India manufacturing quality Air Rifles with state-of-the-art manufacturing facilities. The company has a distribution network throughout India for carrying out successful marketing of Air Rifles.
From a modest beginning seven decades ago, today the company is acknowledged as a leader of the industry with an unbeatable track record of introducing the following products.
Product range of the company includes:
The company has a long list of clients which includes:
State Government's Water Supply Departments, City Corporations, State Government's Industrial Development Corporations, City Industrial Development Corporations of all States, Large Industries Water Supply Schemes, Cooperative Farmer's Societies - Lift Irrigation Schemes, State Government' Irrigation Development. Railways for Sleepers and Hydro Electric Power Projects.
Services offered by the company
Milestones of the company:
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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