Indian Hume Pipe Co. Ltd.
NSE: INDIANHUME · Civil Construction · sector
₹293.25NSE close 2026-10-26
Key numbers
Market cap₹1,545 cr
Price₹293.25
52w high / low₹432 / ₹280
P/E10.8xSector median 12.2x
P/B1.0xSector median 1.3x
Book value₹281.8
Dividend yield1.98%Sector median 0.76%
ROE10.0%Sector median 10.2%
ROCE12.5%Sector median 12.9%
OPM15.8%Sector median 10.7%
Debt / equity0.28xSector median 0.36x
EV/EBITDA5.3xSector median 8.8x
Interest cover5.1x
Current ratio2.03x
Sales growth 3y-5.4%Sector median +6.7%
Profit growth 3y+36.3%Sector median +5.8%
PEG0.33x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹867 cr vs borrowings ₹411 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹632 cr → ₹411 cr).
- Operating profit covered interest 5.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY23, FY22).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 35% of net profit in the last 12 months.
- Debtor days went from 174 (FY24) to 136 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹293.25 on 2026-10-26: -32.1% from the 52-week high, +4.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹509.65 · low ₹290.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 354 | 381 | 392 | 307 | 365 | 282 | 351 | 303 |
| EBITDA | 35 | 37 | 601 | 34 | 52 | 86 | 38 | 30 |
| OPM % | 9.8% | 9.8% | 153.3% | 11.0% | 14.1% | 30.7% | 10.9% | 9.8% |
| Other income | 2 | 2 | 3 | 12 | 12 | 10 | 11 | 17 |
| Net profit | 13 | 14 | 499 | 22 | 35 | 62 | 23 | 24 |
| EPS (₹) | 2.52 | 2.73 | 94.77 | 4.16 | 6.59 | 11.67 | 4.37 | 4.47 |
| Revenue YoY | +2.9% | -25.9% | -10.4% | -1.5% | ||||
| Profit YoY | +161.6% | +328.0% | -95.4% | +7.5% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,520 | 1,543 | 1,389 | 1,491 | 1,306 | 1,301 |
| EBITDA | 149 | 134 | 173 | 731 | 210 | 206 |
| Net profit | 58 | 56 | 78 | 558 | 141 | 143 |
| EPS (₹) | 11.93 | 11.50 | 15.00 | 105.93 | 26.79 | 27.10 |
| Revenue growth | +1.5% | -10.0% | +7.4% | -12.5% | -9.3% | |
| Profit growth | -3.6% | +39.4% | +618.9% | -74.7% | -74.0% | |
| Dividend / share (₹) | 2.00 | 2.00 | 1.00 | 1.50 | 1.80 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -5.4% | +1.0% | -9.3% |
| Net profit | +36.3% | +27.4% | -74.0% |
| EPS | +32.6% | +25.3% | – |
| Share price | – | -14.9% (2y) | -8.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 695 | 829 | 1,377 | 1,484 |
| Borrowings | – | 632 | 500 | 450 | 411 |
| Cash & equivalents | – | 47 | 113 | 619 | 867 |
| Total assets | – | 2,181 | 2,081 | 2,736 | 2,804 |
| Fixed assets | – | 108 | 109 | 139 | 136 |
| Capital work in progress | – | 0 | 1 | 1 | 1 |
| Investments | – | 4 | 5 | 5 | 4 |
| Receivables | – | 742 | 661 | 649 | 485 |
| Inventory | – | 75 | 143 | 210 | 250 |
| Payables | – | 559 | 473 | 529 | 462 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 56 | 19 | 213 | 204 | 294 |
| Cash from investing | -15 | 11 | -68 | -67 | -151 |
| Cash from financing | -93 | -62 | -37 | -108 | -106 |
| Capex | 5 | 2 | 5 | 55 | 121 |
| Free cash flow | 51 | 17 | 208 | 149 | 172 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.0% | 9.4% | 40.5% | 9.5% |
| ROCE % | – | 10.6% | 12.6% | 39.7% | 12.4% |
| Debtor days | – | 176 | 174 | 159 | 136 |
| Inventory days | – | 850 | 607 | 615 | 563 |
| Payable days | – | 6,301 | 2,012 | 1,548 | 1,042 |
| Cash conversion cycle (days) | – | -5,275 | -1,231 | -774 | -343 |
| Working capital days | – | 114 | 167 | 289 | 353 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.34% |
| FIIs | 0.41% |
| DIIs | 0.43% |
| of which Mutual funds | 0.31% |
| Public (non-institutions) | 26.83% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.34% | 72.34% | 72.34% | 72.34% | 72.34% | 72.34% | 72.34% | 72.34% |
| Promoter group | % |
|---|---|
| IHP Finvest Limited | 67.58% |
| Ratanchand Investment Private Limited | 1.66% |
| Rajas R Doshi | 1.34% |
| Jyoti R Doshi | 0.73% |
| Mayur Rajas Doshi | 0.53% |
| Aditya R Doshi | 0.46% |
| Anushree Mayur Doshi | 0.01% |
| Riya Mayur Doshi | 0.01% |
| Anushka Mayur Doshi | 0.01% |
| Ramya Hegde | 0.00% |
| Public holders above 1% | % |
|---|---|
| YMSH Management Consultants LLP | 1.51% |
26,543 shareholders. Pledged: 0.00% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| INDIANHUME | ₹1,545 cr | 10.8x | 1.0x | 10.0% | 12.5% | 15.8% | -5.4% | 1.98% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Construction | ₹1,306 cr | 100.0% | ₹171 cr | 13.1% |
| Real estate | ₹0 cr | – | ₹-1 cr | – |
| Exceptional items | ₹0 cr | – | ₹64 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-17 | Dividend | Dividend - Rs 2 Per Share/Special Dividend - Rs 3 Per Share |
| 2025-07-18 | Dividend | Dividend - Rs 1.80 Per Share/ Special Dividend - Rs 4 Per Share |
| 2024-07-19 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2023-07-21 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2022-07-14 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-08-12 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2020-08-21 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2019-07-12 | Dividend | Annual General Meeting/Dividend- Rs 3.60 Per Share |
| 2018-07-06 | Dividend | Annual General Meeting/Dividend- Rs 3.40 Per Share |
| 2017-06-28 | Dividend | Annual General Meeting/Dividend - Rs 2.40/- Per Share |
| 2017-02-15 | Dividend | Interim Dividend Re 1/- Per Share (Purpose Revised) |
| 2016-12-09 | Bonus | Bonus 1:1 |
| 2016-07-18 | Other | Annual General Meeting |
| 2016-03-17 | Dividend | Interim Dividend - Rs 3/- Per Share + Special Dividend - Re 0.20 Per Share (Purpose Revised) |
| 2015-07-22 | Dividend | Annual General Meeting/ Dividend - Rs 3/- Per Share |
| 2014-07-09 | Dividend | Annual General Meeting / Dividend - Rs 2.40/- Per Share |
| 2013-07-10 | Dividend | Annual General Meeting/Dividend Rs 2.20 Per Share |
| 2012-07-11 | Dividend | Annual General Meeting And Dividend - Rs.2/- Per Share |
| 2011-07-13 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2010-08-30 | Split | Face Value Split From Rs.10/- To Rs.2/- |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Construction of Utility projects: Construction and maintenance of projects relating to water supply, irrigation, sanitation and sewerage systems and pipe manufacturing.
- Devlopment of the Company's lands: Real estate project on Company's land
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | INDIANHUME |
| BSE code | 504741 |
| ISIN | INE323C01030 |
| Face value | ₹2.0 |
| Incorporated | 1926-07-20 |
| Website | www.indianhumepipe.com |
| Plants (India / abroad) | 16 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.