In­dian Hume Pipe Com­pany

Dalal Street Investment Journal - - COVER STORY -

In­dian Hume Pipe Com­pany Lim­ited is en­gaged in the busi­ness of con­struc­tion and main­te­nance of projects re­lat­ing to wa­ter sup­ply, ir­ri­ga­tion, san­i­ta­tion and sew­er­age sys­tems as well as man­u­fac­tur­ing pipes. The com­pany majorly op­er­ates through con­struc­tion con­tracts, among other seg­ments, with the con­struc­tion con­tracts seg­ment in­clud­ing wa­ter sup­ply schemes, pipes sup­ply and lay­ing projects. The com­pany also has a strong pres­ence in other seg­ments, in­clud­ing rail­way sleep­ers, air ri­fles, de­vel­op­ment of land and other miscellaneous items.

On the fi­nan­cial front, the com­pany’s rev­enue rose 63.92 per cent to ₹494.36 crore in the fourth quar­ter of FY17 on a year-on-year ba­sis. The com­pany’s PBIDT in­creased 127.24 per cent to ₹63.50 crore in Q4FY17 as against the same pe­riod in the pre­vi­ous year. The profit after tax of the com­pany in­creased 252.60 per cent to ₹33.24 crore in Q4FY17 as against ₹9.43 crore in Q4FY16. On an an­nual ba­sis, the rev­enue of the com­pany in­creased 90.19 per cent to ₹1810.13 crore in FY17 as against the pre­vi­ous fis­cal. The com­pany’s PBIDT also rose 114.09 per cent to ₹207.58 crore in FY17 on a yearly ba­sis. The net profit of the com­pany in­creased 239.48 per cent to ₹98.79 crore in FY17 as com­pared to the pre­vi­ous fis­cal. The com­pany’s TTM PE stood at 27.09x as against the in­dus­try PE of 25.79x, while the com­pany’s peers, IL&FS Engi­neer­ing and Con­struc­tion main­tained TTM PE of 16.72x and KNR Con­struc­tion's PE of 14.99x.

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