Indian Hume Pipe Company Ltd - Stock Valuation and Financial Performance

BSE: 504741 | NSE: INDIANHUME | Engineering - Construction | Small Cap

India Hume Pipe Share Price

430.90 -14.55 -3.27%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on India Hume Pipe

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Indian Hume Pipe Company stock performance -

mw4me loader
P/E Ratio (SA):
29.24
Market Cap:
2,270.1 Cr.
52-wk low:
211.9
52-wk high:
455.2

Is Indian Hume Pipe Company Ltd an attractive stock to invest in?

1. Is Indian Hume Pipe Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indian Hume Pipe Company Ltd is a below average quality company.

2. Is Indian Hume Pipe Company Ltd undervalued or overvalued?

The key valuation ratios of Indian Hume Pipe Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Indian Hume Pipe Company Ltd a good buy now?

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

10 Year X-Ray of India Hume Pipe:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indian Hume Pipe Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12.6%10%20.3%13.1%13.8%11.4%7.9%8.7%8.6%9.7%-
Value Creation
Index
-0.1-0.30.5-0.10.0-0.2-0.4-0.4-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0109251,8061,5471,6461,6241,2411,5201,5431,3891,389
Sales YoY Gr.--8.4%95.2%-14.4%6.4%-1.3%-23.5%22.5%1.5%-10%-
Adj EPS 7.2620.513.617.815.18.511.911.514.614.7
YoY Gr.--16.9%242.9%-33.7%30.6%-15.4%-43.6%39.6%-3.2%27%-
BVPS (₹) 59.263.382.693.5107.3117.4124.4134.2143.5157.4157.4
Adj Net
Profit
34.92999.56686.27341.157.455.676.778
Cash Flow from Ops. -3.945.7152-30.7-4.8-3218555.919.4213-
Debt/CF from Ops. -77.971.8-11.2-99.5-20.8310.432.52.4-

CAGR

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%
BVPS11.5%8%8.2%9.7%
Share Price 15.9% 7.6% 22.5% 90.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
12.99.828.215.517.713.479.28.310.19.4
Op. Profit
Mgn %
10.910.511.49.811.311.710.110.39.313.112.4
Net Profit
Mgn %
3.53.15.54.35.24.53.33.83.65.55.6
Debt to
Equity
1.110.70.80.91.20.90.90.90.60
Working Cap
Days
318388229328368419554446467520229
Cash Conv.
Cycle
143173542334405456575276

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.40%

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 -9.37%

Latest Financials - Indian Hume Pipe Company Ltd.

Standalone Consolidated
TTM EPS (₹) 14.7 -
TTM Sales (₹ Cr.) 1,389 -
BVPS (₹.) 157.4 -
Reserves (₹ Cr.) 819 -
P/BV 2.74 -
PE 29.24 -
From the Market
52 Week Low / High (₹) 211.90 / 455.15
All Time Low / High (₹) 1.09 / 591.00
Market Cap (₹ Cr.) 2,270
Equity (₹ Cr.) 10.5
Face Value (₹) 2
Industry PE 44.5

Management X-Ray of India Hume Pipe:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *26.8226.8226.8229.0030.0230.0230.6930.6930.6930.69
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of India Hume Pipe

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,0109251,8061,5471,6461,6241,2411,5201,5431,389
Operating Expenses 9008281,6001,3951,4591,4331,1171,3641,4001,206
Manufacturing Costs419414760683726696539693682754
Material Costs374305651545593593455531581297
Employee Cost 52516567737869787992
Other Costs 565912499686752625764
Operating Profit 11097206152186190125157143182
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 10333125285229
Interest 48454643547776667774
Depreciation 12101111121820171614
Exceptional Items 3000000000
Profit Before Tax 6245153100132100577872103
Tax 20165334462715201726
Profit After Tax 422910066867342585678
PAT Margin (%) 4.1%3.1%5.5%4.3%5.2%4.5%3.4%3.8%3.6%5.6%
Adjusted EPS (₹)8.66.020.613.617.815.28.711.911.514.7
Dividend Payout Ratio (%)17%27%17%25%20%13%23%17%9%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 287307400453520569603650695829
Share Capital 551010101010101011
Reserves 282302390443510559593641686819
Minority Interest0000000000
Debt298310260335473656512564617485
Long Term Debt2114832443523133
Short Term Debt277297252333471613477541603481
Trade Payables232257318433496529490518559473
Others Liabilities 241251395420434378369340345354
Total Liabilities 1,0581,1251,3731,6411,9232,1321,9742,0732,2162,142

Fixed Assets

Gross Block1561638694118187187195197205
Accumulated Depreciation8190817284561748996
Net Fixed Assets7573787790142126121108110
CWIP 03121811001
Investments 10323234476
Inventories37643660477176787975143
Trade Receivables335335401475599627553704742661
Cash Equivalents 21104219393228404742
Others Assets2502677891,0191,1041,2521,1841,1241,2391,108
Total Assets 1,0581,1251,3731,6411,9232,1321,9742,0732,2162,142

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -446152-31-5-321855619213
PBT 6245153100132100577872103
Adjustment 54555283598663747972
Changes in Working Capital -103-30-6-173-151-18683-69-11963
Tax Paid -17-24-46-41-45-33-18-28-13-26
Cash Flow From Investing Activity 6-10-21-18-54-60-9-1511-68
Capex 4-10-19-11-39-44-3-4-2-3
Net Investments 110000000-71
Others 10-2-7-15-15-6-11137
Cash Flow From Financing Activity 4-48-42-107155-171-93-62-37
Net Proceeds from Shares 00000000060
Net Proceeds from Borrowing -2-700-64925-36-13-10
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 601994714994-1201228-18
Net Cash Flow 6-1289-5912-364-51-31108
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)15.369.8128.2115.4917.7513.497.179.238.2810.18
ROCE (%)20.1514.8130.7419.5820.7815.8911.112.0611.6713.34
Asset Turnover Ratio1.030.861.461.030.920.80.60.750.720.64
PAT to CFO Conversion(x)-0.11.591.52-0.47-0.06-0.444.40.970.342.73
Working Capital Days
Receivable Days10113074103119138174151171184
Inventory Days1301585013131623191829
Payable Days203292161224236271345285312635

Indian Hume Pipe Company Ltd Stock News

Indian Hume Pipe Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of India Hume Pipe on 12-Jul-2024 16:01 is ₹430.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of India Hume Pipe stood at ₹2,270.1.
The latest P/E ratio of India Hume Pipe as of 12-Jul-2024 16:01 is 29.24.
The latest P/B ratio of India Hume Pipe as of 12-Jul-2024 16:01 is 2.74.
The 52-week high of India Hume Pipe is ₹455.1 and the 52-week low is ₹211.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of India Hume Pipe is ₹1,389 ( Cr.) .

About Indian Hume Pipe Company Ltd

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:

  • Prestressed concrete pipe
  • Prestressed concrete cylinder pipe
  • Bar wrapped steel cylinder pipe
  • Steel pipe
  • RCC pipe
  • Penstock pipe
  • Prestressed concrete monoblock sleeper for railways
  • Air rifles & pistols

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

  • Technical Services-  IHP has a rich experience of over 7 decades in pipeline projects. Once the work is assigned to them, the client can make use of this unique facility free of cost. 
  • Management of Plant -Management of plant in India, overseas with company’s engineers and experienced technicians.
  • Rehabilitation of Pipelines-Many times its clients have a problem of joint leakage with the pipes supplied by other manufacturers. It also undertakes the repairs of such pipe joints and helps the clients to rehabilitate the pipelines.

Milestones of the company:

  • 1926 -Reinforced Cement Concrete Pipe
  • 1932 -Welded Steel Pipe
  • 1956 - Steel Penstocks
  • 1957 -Prestressed Concrete Pipe (Non Cylinder)
  • 1966 -Air Rifles & Pistols
  • 1970-Prestressed Concrete Monoblock Sleepers for Railways
  • 1998 -Bar Wrapped Steel Cylinder Pipe
  • 1999 - Prestressed Concrete Cylinder Pipe
  • 2011 - Indian Hume Pipe Company signed a Memorandum of Understanding (MOU) with M/s. Dosti Realty Limited
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