Indian Hume Pipe Company Ltd - Stock Valuation and Financial Performance

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

India Hume Pipe Share Price

277.40 -3.60 -1.28%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on India Hume Pipe

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Indian Hume Pipe Company stock performance -

mw4me loader
P/E Ratio (SA):
29.24
Market Cap:
1,461.4 Cr.
52-wk low:
131
52-wk high:
325

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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indian Hume Pipe Company Ltd is likely to Rise-somewhat 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.2%12.6%10%20.3%13.1%13.8%11.4%7.9%8.7%8.6%-
Value Creation
Index
-0.3-0.1-0.30.5-0.10.0-0.2-0.4-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8271,0109251,8061,5471,6461,6241,2411,5201,5431,439
Sales YoY Gr.-22.1%-8.4%95.2%-14.4%6.4%-1.3%-23.5%22.5%1.5%-
Adj EPS 4.67.2620.513.617.815.18.511.911.59.5
YoY Gr.-56.7%-16.9%242.9%-33.7%30.6%-15.4%-43.6%39.6%-3.2%-
BVPS (₹) 52.559.263.382.693.5107.3117.4124.4134.2143.5149
Adj Net
Profit
22.334.92999.56686.27341.157.455.650
Cash Flow from Ops. -34.1-3.945.7152-30.7-4.8-3218555.919.4-
Debt/CF from Ops. -7.3-77.971.8-11.2-99.5-20.8310.432.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%-0.1%-1.7%1.5%
Adj EPS 10.7%-3.4%-8.7%-3.2%
BVPS11.8%8.9%6.9%6.9%
Share Price 15.9% -0.9% 16.6% 108.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.112.99.828.215.517.713.479.28.36.5
Op. Profit
Mgn %
9.210.910.511.49.811.311.710.110.39.39.8
Net Profit
Mgn %
2.73.53.15.54.35.24.53.33.83.63.5
Debt to
Equity
11.110.70.80.91.20.90.90.9-
Working Cap
Days
328318388229328368419554446467223
Cash Conv.
Cycle
1501431735423344054567664

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.91

Return on Equity has declined versus last 3 years average to 6.50%

Sales growth has been subdued in last 3 years -1.69%

Net Profit has been subdued in last 3 years -8.68%

Sales growth is not so good in last 4 quarters at -2.64%

Latest Financials - Indian Hume Pipe Company Ltd.

Standalone Consolidated
TTM EPS (₹) 9.5 -
TTM Sales (₹ Cr.) 1,439 -
BVPS (₹.) 149 -
Reserves (₹ Cr.) 774 -
P/BV 1.86 -
PE 29.24 -
From the Market
52 Week Low / High (₹) 131.00 / 325.00
All Time Low / High (₹) 1.09 / 591.00
Market Cap (₹ Cr.) 1,461
Equity (₹ Cr.) 10.5
Face Value (₹) 2
Industry PE 41.3

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

Login/Register to view analysis.

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8271,0109251,8061,5471,6461,6241,2411,5201,543
Operating Expenses 7519008281,6001,3951,4591,4331,1171,3641,400
Manufacturing Costs371419414760683726696539693682
Material Costs288374305651545593593455531581
Employee Cost 43525165677378697879
Other Costs 495659124996867526257
Operating Profit 7611097206152186190125157143
Operating Profit Margin (%) 9.2%10.9%10.5%11.4%9.8%11.3%11.7%10.1%10.3%9.3%
Other Income 41033312528522
Interest 35484546435477766677
Depreciation 8121011111218201716
Exceptional Items 0300000000
Profit Before Tax 386245153100132100577872
Tax 14201653344627152017
Profit After Tax 244229100668673425856
PAT Margin (%) 2.9%4.1%3.1%5.5%4.3%5.2%4.5%3.4%3.8%3.6%
Adjusted EPS (₹)5.08.66.020.613.617.815.28.711.911.5
Dividend Payout Ratio (%)24%17%27%17%25%20%13%23%17%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 254287307400453520569603650695
Share Capital 55510101010101010
Reserves 249282302390443510559593641686
Minority Interest0000000000
Debt246298310260335473656512564617
Long Term Debt28211483244352313
Short Term Debt218277297252333471613477541603
Trade Payables184232257318433496529490518559
Others Liabilities 243241251395420434378369340345
Total Liabilities 9271,0581,1251,3731,6411,9232,1321,9742,0732,216

Fixed Assets

Gross Block1541561638694118187187195197
Accumulated Depreciation7081908172845617489
Net Fixed Assets847573787790142126121108
CWIP 10312181100
Investments 2103232344
Inventories35537643660477176787975
Trade Receivables228335335401475599627553704742
Cash Equivalents 19211042193932284047
Others Assets2382502677891,0191,1041,2521,1841,1241,239
Total Assets 9271,0581,1251,3731,6411,9232,1321,9742,0732,216

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -34-446152-31-5-321855619
PBT 386245153100132100577872
Adjustment 35545552835986637478
Changes in Working Capital -96-103-30-6-173-151-18683-69-118
Tax Paid -11-17-24-46-41-45-33-18-28-13
Cash Flow From Investing Activity -96-10-21-18-54-60-9-1511
Capex -104-10-19-11-39-44-3-4-2
Net Investments 0110000000
Others 110-2-7-15-15-6-1113
Cash Flow From Financing Activity 384-48-42-107155-171-93-62
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-2-700-64925-36-13
Interest Paid -28-48-45-46-43-53-67-67-59-67
Dividend Paid -5-6-15-5-14-20-21-10-10-10
Others 71601994714994-1201228
Net Cash Flow -56-1289-5912-364-51-31
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.7915.369.8128.2115.4917.7513.497.179.238.28
ROCE (%)15.8920.1514.8130.7419.5820.7815.8911.112.0611.67
Asset Turnover Ratio0.981.030.861.461.030.920.80.60.750.72
PAT to CFO Conversion(x)-1.42-0.11.591.52-0.47-0.06-0.444.40.970.34
Working Capital Days
Receivable Days9210113074103119138174151171
Inventory Days14313015850131316231918
Payable Days210203292161224236271345285266

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-Apr-2024 16:59 is ₹277.4.
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-Apr-2024 16:59 the market cap of India Hume Pipe stood at ₹1,461.4.
The latest P/E ratio of India Hume Pipe as of 12-Apr-2024 16:59 is 29.24.
The latest P/B ratio of India Hume Pipe as of 12-Apr-2024 16:59 is 1.86.
The 52-week high of India Hume Pipe is ₹325.0 and the 52-week low is ₹131.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of India Hume Pipe is ₹1,439 ( 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
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.