Stock Order: Shares of Indian Hume Pipe Company Ltd:(NSE: INDIANHUME)may remain in focus during trading today on Thursday. Earlier on Wednesday, the stock had increased by more than 15% during trading.
The company’s shares had also reached an intraday high of Rs 271. There is a big order behind this rise in shares, information about which has been given to the market by the company.
Indian Hume Pipe Company has informed about receiving work orders worth ₹ 495 crore from Maharashtra. This share has given 12,414.63% return so far. This share may go upto ₹276 And ₹300.
What Is The Order?
According to a company filing with the stock exchanges it received an order for Rs 495.04 crores worth of products from Tapi Irrigation Development Corporation Jalgaon in the Jalgaon Irrigation Project Circle (Maharashtra).
The order value is not inclusive of GST, land costs, crop compensation, or insurance.
The company has received an order for civil, mechanical, and electrical works to be carried out for the pressurized distribution network of Varkhede Londhe’s Irrigation project.
This includes five years of operation and maintenance for the entire system. The company has said that the target has been set to complete this project within 24 months.
December Quarter Results
The net profit of the company increased by 20% year-over-year to Rs15.14 Crore for the quarter ending December 31, 2023, compared to Rs12.65 Crore in the same period the previous year.
The net sales of the quarter rose by 21%, from Rs404.74 to Rs318.53 Crores.
Let us tell you that Indian Hume Pipe Company Limited manufactures hume pipes and its related products. The company is involved in infrastructure projects such as power generation, water supply, irrigation, and drainage.
About Indian Hume Pipe Company Ltd
The Indian Hume Pipe Company Limited is involved in construction and maintenance projects related to water supply, irrigation systems, sanitation, and sewage systems, as well as pipe manufacturing.
The Company also engages in manufacturing, laying, and joining pipelines made of different pipe materials such as RCC, steel, prestressed cement, penstock, bar-wrapped cylinder steel pipes (BWSC), and prestressed cylinder concrete pipes (PCCP).
These pipes are used for infrastructure development and projects like drinking water supply, irrigation, sanitation, and sewerage.
It provides urban and rural water supplies, large-diameter irrigation pipes, headworks including pumping machines, treatment plants, and overhead tanks as well as other civil construction.
The company also produces and supplies concrete sleepers to Indian railways. The Company’s customers are the federal government, state governments, and local authorities.
Fundamental Analysis of Indian Hume Pipe Company Ltd
| Market Cap | ₹ 1,354 Cr. |
| Current Price | ₹ 256.50 |
| 52-wk High | ₹ 304 |
| 52-wk Low | ₹ 116 |
| Stock P/E | 27.0 |
| Book Value | ₹ 146 |
| Dividend | 0.37 % |
| ROCE | 11.6 % |
| ROE | 8.26 % |
| Face Value | ₹ 2.00 |
| P/B Value | 1.73 |
| OPM | 9.76 % |
| EPS | ₹ 9.75 |
| Debt | ₹ 588 Cr. |
| Debt to Equity | 0.76 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹276 | ₹300 |
| 2025 | ₹312 | ₹398 |
| 2026 | ₹421 | ₹489 |
| 2027 | ₹500 | ₹522 |
| 2028 | ₹525 | ₹585 |
| 2029 | ₹600 | ₹621 |
| 2030 | ₹650 | ₹689 |
| Promoters Holding | |
| Dec 2022 | 69.93% |
| Mar 2023 | 69.93% |
| June 2023 | 72.34% |
| Sept 2023 | 72.34% |
| Dec 2023 | 72.34% |
| FII Holding | |
| Dec 2022 | 0.19% |
| Mar 2023 | 0.04% |
| June 2023 | 0.03% |
| Sept 2023 | 0.90% |
| Dec 2023 | 0.68% |
| DII Holding | |
| Dec 2022 | 1.74% |
| Mar 2023 | 1.48% |
| June 2023 | 0.91% |
| Sept 2023 | 2.21% |
| Dec 2023 | 2.21% |
| Public Holding | |
| Dec 2022 | 28.15% |
| Mar 2023 | 28.54% |
| June 2023 | 26.70% |
| Sept 2023 | 24.54% |
| Dec 2023 | 24.76% |
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 1,646 Cr |
| 2020 | ₹ 1,624 Cr |
| 2021 | ₹ 1,241 Cr |
| 2022 | ₹ 1,520 Cr |
| 2023 | ₹ 1,439 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 86 Cr |
| 2020 | ₹ 73 Cr |
| 2021 | ₹ 42 Cr |
| 2022 | ₹ 58 Cr |
| 2023 | ₹ 50 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.91 |
| 2020 | 1.15 |
| 2021 | 0.85 |
| 2022 | 0.9 |
| 2023 | 0.91 |
Last 10 Years’ Profit Growth:
| 10 Years: | 10% |
| 5 Years: | -3% |
| 3 Years: | -9% |
| Current Year: | -16% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 13% |
| 5 Years: | 11% |
| 3 Years: | 8% |
| Last Year: | 8% |
Sales Growth Over 10 Years:
| 10 Years: | 8% |
| 5 Years: | 0% |
| 3 Years: | -2% |
| Current Year: | -3% |
Conclusion
This article is a complete guide about Indian Hume Pipe Company Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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