Indian Hume Pipe Company
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.