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Indian Hume Pipe Company Ltd. Stock Analysis

Small Cap
Evaluated by 575 users | BSE: 504741 | NSE: INDIANHUME |
Engineering - Construction
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 10.67%5.92%9.82%10.17%12.56%9.97%20.34%13.12%13.83%11.36%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 6825476848231,0109391,8131,5511,6461,624
Y-o-Y Gr. Rt.--19.9%25.2%20.3%22.7%-7%93%-14.4%6.1%-1.3%
Adjusted EPS (Rs.) 5.71.244.274.67.215.9920.5413.6217.7915.06
Y-o-Y Gr. Rt.--78.3%244.4%7.7%56.7%-16.9%242.9%-33.7%30.6%-15.4%
Book Value per Share (Rs.) 43.3845.548.9352.4959.2263.382.5993.52107.25117.38
Adjusted Net Profit 27.6620.722.334.92999.56686.273
Net Op. Cash Flow (Rs. Cr.) 20.924.24.2-34.1-3.945.7152-30.7-4.8-23.9
Debt to Cash Flow from Ops 8.786.1542.25-7.27-77.96.951.76-11.15-99.46-27.83
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Indian Hume Pipe Company Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 10.1%10%-3.6%-1.3%
Adjusted EPS 11.4%15.9%-9.8%-15.4%
Book Value per Share 11.714.712.49.5
Share Price 14.5% -3.3% -28.1% -18.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 13.872.799.049.0612.99.7728.1515.4717.7213.41
Operating Profit Margin (%) 9.926.458.869.2510.8610.3311.389.7711.3111.72
Net Profit Margin (%) 4.051.13.022.713.463.095.494.255.244.49
Debt to Equity 0.870.670.740.971.061.040.670.750.911.17
Working Capital Days 313410346329318383230328368419
Cash Conversion Cycle 12418216015014317154233440
Entity Percentage Holding
Promoters 69.92%
Institutions 2.85%
Non-Institutions 27.23%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Indian Hume Pipe Company Ltd.'s performance infers:

Indian Hume Pipe Company Ltd. earnings have grown by 15.9%, whereas share price has depreciated -3.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Indian Hume Pipe Company Ltd. share prices over the last 10 years. Here is what we found out:

Indian Hume Pipe Company Ltd. share price has depreciated 9.6% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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