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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indian Hume Pipe Company Ltd

About the Company -Indian Hume Pipe Company Ltd

Indian Hume Pipe Company Ltd. is a Public Limited Listed company incorporated on 20/07/1926 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51500MH1926PLC001255 and registration number is 001255. Currently Company is involved in the business activities of Construction and repair of sewer systems including sewage disposal plants and pumping stations. Company’s Total Operating Revenue is Rs. 1520.39 Cr. and Equity Capital is Rs. 9.69 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cement ProductsConstruction House, 2nd Floor, Mumbai Maharashtra 400001info@indianhumepipe.com
http://www.indianhumepipe.com
Management
NamePosition Held
Mr. Rajas R DoshiChairman & Managing Director
Mr. Mayur R DoshiExecutive Director
Ms. Jyoti R DoshiNon Executive Director
Ms. Anima B KapadiaNon Executive Director
Mr. Rajendra M GandhiIndependent Director
Mr. Vijay Kumar JatiaIndependent Director
Ms. Suchita N ShahIndependent Director
Mr. Nandan DamaniIndependent Director

Indian Hume Pipe Company Ltd. Share Price Update

Share PriceValue
Today₹306.90
Previous Day₹287.85

Basic Stock Data of Indian Hume Pipe Company Ltd

Market Cap 1,443 Cr.
Current Price 274
High / Low304/116
Stock P/E28.8
Book Value 146
Dividend Yield0.37 %
ROCE11.6 %
ROE8.26 %
Face Value 2.00

Data Source: screener.in

Indian Hume Pipe Company Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales280459291416422392360324405454347319319
Expenses253409268374383346331297368412318287281
Operating Profit27492342394529273742293238
OPM %10%11%8%10%9%12%8%8%9%9%8%10%12%
Other Income222111216322312
Interest18151414151614161820171616
Depreciation5544444444333
Profit before tax65262421272791720111420
Tax %31%26%26%26%26%26%24%28%24%20%25%25%25%
Net Profit4385181520216131691015
EPS in Rs0.917.940.963.743.144.084.271.312.613.301.621.962.87

Indian Hume Pipe Company Ltd Quarterly Chart

Indian Hume Pipe Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5176968191,0109391,7921,5211,6461,6241,2411,5201,5431,525
Expenses4966357479008421,5861,3701,4591,4331,1161,3641,4001,385
Operating Profit21617211097206152186190125157143139
OPM %4%9%9%11%10%12%10%11%12%10%10%9%9%
Other Income325813333125275227
Interest24253548454643547776667770
Depreciation77812101111121820171615
Profit before tax223338624515310013210057787262
Tax %29%32%37%33%35%35%34%35%27%26%26%23%
Net Profit162324422910066867342585647
EPS in Rs3.294.724.978.596.0120.5713.6417.8215.158.6711.9311.509.49
Dividend Payout %30%23%24%17%27%17%25%20%13%23%17%17%

Indian Hume Pipe Company Ltd Profit & Loss Yearly Chart

Indian Hume Pipe Company Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:0%
3 Years:-2%
TTM:-3%
Compounded Profit Growth
10 Years:10%
5 Years:-3%
3 Years:-9%
TTM:-16%
Stock Price CAGR
10 Years:16%
5 Years:0%
3 Years:14%
1 Year:90%
Return on Equity
10 Years:13%
5 Years:11%
3 Years:8%
Last Year:8%

Indian Hume Pipe Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital555551010101010101011
Reserves216232249282302390443510559593641686759
Borrowings149176248306318268342474672560587633588
Other Liabilities313317380415439605746796783732736852749
Total Liabilities6827308821,0071,0631,2741,5411,7902,0241,8941,9732,1812,107
Fixed Assets6980847573787790142126127114120
CWIP51103121811001
Investments2221032323445
Other Assets6076487969319871,1921,4591,6791,8781,7641,8422,0631,982
Total Assets6827308821,0071,0631,2741,5411,7902,0241,8941,9732,1812,107

Indian Hume Pipe Company Ltd Reserves and Borrowings Chart

Indian Hume Pipe Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 244-34-446152-31-5-321855619
Cash from Investing Activity -2-10-96-10-21-18-54-60-9-1511
Cash from Financing Activity -341384-48-42-107155-171-93-62
Net Cash Flow-12-5-56-1289-5912-364-51-31

Indian Hume Pipe Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days9810210212113082114133141163169176
Inventory Days8943898471,0941,682190118237195
Days Payable3661944386769921,0041,0791,6601,361
Cash Conversion Cycle626297510539821-733-847-1,290-1,026163169176
Working Capital Days18715917517520496157168206247224249
ROCE %8%14%15%18%15%31%20%21%16%11%12%12%

Indian Hume Pipe Company Ltd Financial Efficiency Indicators Chart

Indian Hume Pipe Company Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters69.92%69.92%69.92%69.92%69.92%69.92%69.92%69.93%69.93%69.93%72.34%72.34%
FIIs0.29%0.29%0.32%0.31%0.29%0.30%0.28%0.34%0.19%0.04%0.03%0.90%
DIIs2.55%2.55%2.08%2.05%2.05%2.05%2.05%2.00%1.74%1.48%0.91%2.21%
Public27.24%27.24%27.68%27.72%27.74%27.73%27.75%27.72%28.15%28.54%26.70%24.54%
No. of Shareholders24,53824,36025,26625,26425,15425,00225,29025,10525,43725,17325,36923,374

Indian Hume Pipe Company Ltd Shareholding Pattern Chart

No. of Indian Hume Pipe Company Ltd Shareholders

Indian Hume Pipe Company Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund7691770.1817.04
HSBC Business Cycles Fund3332271.197.38

Indian Hume Pipe Company Ltd ROCE Trend

Indian Hume Pipe Company Ltd EPS Trend

Indian Hume Pipe Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)11.5011.938.6715.1517.82
Diluted EPS (Rs.)11.5011.938.6715.1517.82
Cash EPS (Rs.)14.7115.5312.7818.9620.24
Book Value[Excl.RevalReserv]/Share (Rs.)143.52134.21124.38117.38107.25
Book Value[Incl.RevalReserv]/Share (Rs.)143.52134.21124.38117.38107.25
Dividend / Share (Rs.)1.002.002.002.003.60
Revenue From Operations / Share (Rs.)318.47313.83256.24335.13336.23
PBDIT / Share (Rs.)32.1731.7829.8540.3340.78
PBIT / Share (Rs.)28.9628.1825.7536.5238.36
PBT / Share (Rs.)14.9416.1011.7620.7227.30
Net Profit / Share (Rs.)11.5011.938.6715.1517.82
PBDIT Margin (%)10.1010.1211.6512.0312.12
PBIT Margin (%)9.098.9810.0410.8911.40
PBT Margin (%)4.695.124.586.188.11
Net Profit Margin (%)3.613.803.384.525.29
Return on Networth / Equity (%)8.018.886.9712.9016.61
Return on Capital Employeed (%)18.4618.7017.9225.8532.20
Return On Assets (%)2.552.922.203.624.82
Long Term Debt / Equity (X)0.010.030.050.070.00
Total Debt / Equity (X)0.900.890.851.150.91
Asset Turnover Ratio (%)0.740.780.630.850.97
Current Ratio (X)1.341.331.321.251.27
Quick Ratio (X)1.291.271.261.191.21
Inventory Turnover Ratio (X)0.490.550.881.892.36
Dividend Payout Ratio (NP) (%)17.3916.7623.0623.7519.08
Dividend Payout Ratio (CP) (%)13.6012.8815.6518.9816.80
Earning Retention Ratio (%)82.6183.2476.9476.2580.92
Cash Earning Retention Ratio (%)86.4087.1284.3581.0283.20
Interest Coverage Ratio (X)2.292.632.132.553.69
Interest Coverage Ratio (Post Tax) (X)1.821.991.621.962.61
Enterprise Value (Cr.)1172.681405.541322.061197.771856.96
EV / Net Operating Revenue (X)0.760.921.060.731.14
EV / EBITDA (X)7.529.139.146.139.40
MarketCap / Net Operating Revenue (X)0.380.560.670.350.87
Retention Ratios (%)82.6083.2376.9376.2480.91
Price / BV (X)0.841.331.391.012.74
Price / Net Operating Revenue (X)0.380.560.670.350.87
EarningsYield0.090.060.050.120.06

Indian Hume Pipe Company Ltd Profitability Ratios (%)

Indian Hume Pipe Company Ltd Liquidity Ratios

Indian Hume Pipe Company Ltd Liquidity Ratios (%)

Indian Hume Pipe Company Ltd Interest Coverage Ratios (%)

Indian Hume Pipe Company Ltd Valuation Ratios

Fair Value of Indian Hume Pipe Company Ltd Stock

Fair Value: ₹348.60

The stock is undervalued by 27.23% compared to the current price ₹274

*Investments are subject to market risks

Strength and Weakness of Indian Hume Pipe Company Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.08%, which is a positive sign.
  2. The company has higher reserves (450.92 cr) compared to borrowings (409.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (229.23 cr) and profit (73.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 34.98 and average Dividend Yield of 10.08%.
  2. The stock has a high average Working Capital Days of 187.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 143.25, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indian Hume Pipe Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE